iCharts Discussions

[amitagg]

Thanks. Just a point that at various points in chart, it appears that consistent downtrend develops after the rank hits 90% and when it starts to rise at 70% etc...the market may still move up as u are also suggesting that 5960 [5965 being 61.8% of entire fall] is resistance / upwsing pivot.

So it implies that we should add puts or short the market on rise till 5960 and not necessarily short on falls or break of daily lows or 50% previous days range. Brief comments shall be great

thanks

[yashrahul]

nice......

[vinay28]

[SwingTrader]

[SwingTrader]

[vinay28]

let me see. I will take a small trade that way and check.

[amitagg]

Thanks Vinay and ST

Please keep updating I) when it hits 80 percent (and II) Vinay since u say "add on" when price falls (trend following) or supports the likely fall in price (upon above 80 percent move))

So just hoping for actual trade setups throwing up and we also testing to some extent

Regards

[SwingTrader]

Here is 2011 OTM PCR chart, this should help further in analyzing optimal entry levels.

[vinay28]

[SwingTrader]

[yashrahul]

It is nice to see such constructive and precise pointing of levels,along with it healthy discussion by experts to find the best possible trade for all,i am all ears (we are not exactly talking hence.... and eyes..... ) for both of you Vinay and Swing Trader,keep it up,thanks.

[amitagg]

Vinay , 5960 level mentioned by ST is spot or future level

[vinay28]

[amitagg]

so as per him this point would decide which way to go...lets wait for the chart

[vinay28]