iCharts Discussions

[jyothil]

Ruchirgupta,

I have sent you my PM, please check it

G. Jyothi

[amitagg]

Where are u Ruchir

[Ruchirgupta2000]

[mikky]

[Ruchirgupta2000]

[mikky]

[Ruchirgupta2000]

[Ruchirgupta2000]

[Ruchirgupta2000]

The Examples I have shared is to show that every trade is a lesson and if we can have that printed or get its saved as a image we can each week go and review our trade and make them better as the time progesses.

1. Note what you did good.
2. What information about the Chart you had regarding the Pattern, retracements and Oscillators etc.
3. At what price you made the entry.
4. what were the logical decisions to revise the stops on the trade.
5. take several snaps till you are in the trade.
6. And at last the lesson learned.

You can have them printed, may be few of your best trades or the once that you need to improve on.

this is the way we can improve. we should no longer be average traders henceforth.

ASk me if you have any doubts.

[Ruchirgupta2000]

I read this book... some time back and there the author shared the example of his father. His father was a farmer and never kneed down in difficult situations of drought. when all the other farmers left thier lands at the time of drought, his father did not left and kept living. His entire land was barren but there was a very small area that kept some moisture all the year. and his father had some seeds that he use to sow in the full bigger land in case of droughts what he sowed did not floursh execpt that small moisture area which gave him sufficient seeds atleast to sow in the whole field once again. It took 4 years... but ultimately rains came.. and while writing this I am getting the gooseworms, small tears in my eyes. the rains came and he proved that though situtations last but though peopel never.

I used this example, for last few months where I kept saved a fixed amount to trade only on the expiry day. the time premium is minimum, the volatility is highest, and I get my returns many fold. the risk is worth.

that doesnt means that we can do the expiry day trade blindly, but if we can analyse past few expire day moves . like at what time does it starts the actual move and after what time it makes the reversal. what was the trend of the whole month? will the epiry be against the trend of the month or with the trend these are few things, whic option strike to hit for for optimum return. all these thigs must be kept in mind.

We need to first invest in our minds and then somewhere else. there is no good in wasting the moeny in trading instead invest in the books. Gann has said the knowledge first gained could later on translated into profits, he said it requiers so many years to be a doctor, enginner to gain the management degree still we think that we can do trading with out education ourselves.

[Ruchirgupta2000]

5 waves examples in Friendship.... when we meet a new person we hesitate, try to know person, actully we come to know by the time passes and we dont even realise that we are becoming friends (very similar behaviour to w1 with some charcherstics of Leading Diagonal)
[18:45:46] Ruchir Gupta: becasuse we become just acuintesis, or even friends though we are not dependent for our bigger needs on each other we start asking/boorowing things, smthings get done and smthings not gone as we wanted so we figth... (this was wave 2 with atleast 3 legs downside, could be double or triple 3s in case on girls)
[18:52:04] Ruchir Gupta: slowly our friendships become strengthens withstanding the ups and downs for so long with the passage of time(w1 and 2 passed), now is the Impulsive move of wave 3, in terms of helping the frind in his brother and sisters marriage/ bunking class together/ going to gao etc... this third wave may get extended and the friends may remain goods friends, untill missunderstanding develops, majority of the times the friendship keeps going sideways with small fights on various matters (guideline of alternation could be used here).. many a times is can take shape of a triangle with the friends thinking to stop or continue the friendship
[18:52:52] Ruchir Gupta: finally, they think that there must be some reason why we took this friendship this far.
[18:53:55] Ruchir Gupta: smtimes this Trangle could a part of the B wave with in 4th wave, in which the fight could be bigger... as a ending C wave of this 4th wave
[18:55:02] Ruchir Gupta: and finally the clouds of missundertanding are gone and frindhip goes to new hiegths... many a times in the form of extended 5th waves
[18:55:35] Ruchir Gupta: each time 5th dividing into smaller 5s
[18:55:59] Ruchir Gupta: and smtimes the college is over and hence the fifth wave
[18:57:55] Ruchir Gupta: friends get engaged in the jobs and marrages and prce wise correction does nt takes place but the long time wise corrections take place, untill we once again realise that life is feeling a bit empty without that frind and the 3rth wave on the higher degree starts.
[18:58:27] Ruchir Gupta: I think that is why the wave principle is so subjective
[18:59:46] Ruchir Gupta: but if the pscological peices could be identified and collected every thing be known with sm accuracy
[19:00:46] Ruchir Gupta: coz only markets could be measured as money is involved, the real life emotions could be grossly measured

[chennuru]

Dear

This is justt my prediction

comments are most welcome

now it is lost end of elliot wave, 4th wave continuing, need to bounce back from 50% retracement of 3rd wave.

when 5th wave begins , wait and watch.

any comments are most welcome.

[xbartt]

dear chennuru,

what a perfect graph. No need to tell anything. price has to revert from here...lets see

[RAJDESAI1967]

chennuru sir

upto what lvls u c nifty going from here

[chennuru]

Dear

it may cross all time high, if really trend changes now.

glenmark chart shows good strength.