iCharts Discussions

shashangan · Posted: Fri Apr 19, 2013 11:14 am Post subject:

It's right Ravee, Every body has thier own perceptions & ways to explain things.

I also make mistakes like any human. But I always try working on my mistakes & strategies to improve my skills. I am quite a positive person. What the world thinks of you is not important. What you think of yourself is most important. I believe in myself because most negative energy or force against me normally fades away with the high energy of my positive ness. I normally dont get affected or influenced by others opinion or views. Even if you see my views, it will show the positiveness or confidence, I dont give contradicting view. I will mostly say it will either go up or down, not both.

Like I had mentioned none of your education, phd or economics degree would work in speculative mkts. It requires a totally different skill. Generally if you ask any trader/Investor they all would tell how much profits they have made. None of the traders a/c's would be in loss. But the fact is very very few people make money in this mkt. People who make lot of hue & cry about mkt & people supposed to be good analysts also bail out from speculative mkt.s, because it really needs a different skill.

Even in this forum you can watch, lot of very active people will go missing or will stop posting. 95% cases the reason would be they would have made losses, even if they give work or some other reason. People change profession since they want a peaceful mind & life. You cannot have an active income from speculative mkts., unless you have some crores saved up in bank.

Most traders will give prediction, very few tell their entries, when the prediction comes right they claim how their prediction was right & when it's wrong rarely people would claim it. Anybody can give prediction, but It's a challenge to tell where to enter & where to put a stop. There are also lot of good analysts who can predict the mkt but cant trade their calls because they will have fear of failure. Top Expert analysts also make losses because mkt requires a different skill & mindset. Trading is different from Analysing

Anybody can be a great analyst, but very few can be great traders. Only 5% people make money in speculative mkts. This is a fact. If I get in personal with people it can turn in to heated argument or fight, very very few would claim they have made losses. I am not here to prove who's making losses or who's great.

I dont need proof if any body is doing well or bad. People may have talent, what's your a/c status. What's the result is the question. It's the question you have to answer to yourself.

Result is ultimate than knowledge or tall claims. For eg; In reality very few traders have guts to hold more than 20 points in Nifty or overnight unless it's against. People may claim they booked 50 - 100 points profits. But in reality it's always the other way around.

Anyway I dont want a debate on this. I have seen & worked with local, national & international traders & the behavior is more or less same everywhere.

I am here to prove myself than others. I want to share the little knowledge I have for my passion. I am not dependent on mkts for my livelihood. If you are dependent, your mind is under pressure for money all the time & again how ever great you can make losses. That's reason I am doing my business & not made mkt as a source of my main income.

Well my thoughts may not be acceptable, but that's my thought. Like I said I dont want to say I am great, I am the best. I just am posting here for my passion & to help give some light on the mkt direction, just so that people can plan their trades. It keeps my mind engaged & I use my free time for mkt. My views still may not bring profits in anybody's a/c. It probably may reduce somebody's losses & it gives people a chance to view the mkt from a different angle.

Mkt is greater than anybody. Mkt has the ultimate say.

Thanks
Gautham Shashangan

shashangan · Posted: Thu Apr 25, 2013 1:38 pm Post subject:

Have been busy & flat in mkt since Monday.

Anyway for intra day, May can possibly hold just around 5902 & try 5942 by 3 pm.

Thanks
Gautham Shashangan

SP50 · Brown Belt Joined: 26 Nov 2010 Posts: 1615

shashangan · Posted: Thu Apr 25, 2013 5:48 pm Post subject:

Thanks Taxman.

I am just watching mkt for now. I think I needed to take a break from mkt, since continuously watching mkt makes you lose interest & focus, probably since I am doing it for free Wink

. I am trying to refresh my mind before I can get the dedication & patience to sit & analyse.

When you do with half mind & quicken your analysis, you go wrong.

But anyway the overall trend is up.

Above around 5970-74 & below 5855 minimum in May, can be the range till Tuesday.

Spot may try between 5838 - 5834 min. 5940-50 may act as resistance where there could be profit booking.

There should be a small correction before it resumes up trend according to me.

I can be wrong though.

Thanks
Gautham Shashangan

veerappan · Expert Joined: 19 Dec 2007 Posts: 3680

shashangan
----------------

how u r writing this much ... i am watching u ... good work... Very Happy

shashangan · Posted: Thu Apr 25, 2013 9:53 pm Post subject:

Thanks Veeru,

I sometimes may post something funny to be on the lighter side. Sometimes you dont know how to read others replies, if they are trying to find fault or just giving their opinion.

So When somebody posts something questioning what I say, I generally explain everything keeping in mind what questions would follow. Idea

If I give an answer only to what they have mentioned. It opens room for lot of other questions & others to give views & get into a negative atmosphere.

Since I am a Behavioral trainer, I know a bit of psychology, So once I write everything, it solves the effort & headache to get into long arguments & conflicts. Mr. Green

No drama, No dragging of unwanted issues & topics.

Idu Eppadi Irukudu - Ha Ha - En Vazhi Thani Vazhi AEOM

Regards,
Gautham Shashangan

veerappan · Expert Joined: 19 Dec 2007 Posts: 3680

adappavi manusha? tamila neenga...kalakkiteengo kaaapy [ vasool raja mbbs dialogue]....

gr8... kanna kedaikkiradhu kedaikkama irukkadhu... kedaikkama irukkiradhu kedaikkadhu.... idhu style man vazhli....

super kanna chumma adhiruthilla.......

naan pattukka topica mathidaporan.... we will chat in pvt messages....

i am veeru ... chennai vaasi... u... just ping pm...

bye bye now

shashangan · Posted: Mon Apr 29, 2013 3:17 pm Post subject:

Hello Veeru,

Thalaiva, Tamil, Malayalam, Kannada, Telugu, Hindi elaam fluentaa pesuven.

Hope you are fine. Was busy over the weekend.

Thanks
Gautham Shashangan

shashangan · Posted: Mon Apr 29, 2013 3:20 pm Post subject:

Think the mkt is still in range.

5964 - 5858 minimum could be the range for May till Wednesday. You can short 5940 & higher for short term correction. Above 5993 would be stops.

The mkt looks overall up & may start going up by the weekend or next week after a small correction down.

Thanks
Gautham Shashangan

shashangan · Posted: Tue Apr 30, 2013 11:57 am Post subject:

Place an order to cover shorts anywhere between 5886-83 May & wait for bottom confirmation to go long, probably tomorrow or day after. Shall update once I feel it's a buy.

Intra day 5879 - 5909 min could be range till 1.15 approx.

Thanks
Gautham Shashangan

Kumar7 · White Belt Joined: 19 Mar 2013 Posts: 3

Hello Everybody

Am watching this thread from some time...........

Shashangan you are really excellent in technical analysis.

Keep it up Very Happy

Regards

Kumar

veerappan · Expert Joined: 19 Dec 2007 Posts: 3680

where r u man? Very Happy

shashangan · Posted: Tue Apr 30, 2013 2:53 pm Post subject:

Hello veeru,

Sorry just was out of office for some meeting & lunch. I am here now. Ena matter thale.

Gautham Shashangan

shashangan · Posted: Tue Apr 30, 2013 3:00 pm Post subject:

Hello Kumar,

Thanks a lot. I appreciate it. Just saw msg.

Regards,
Gautham Shashangan

shashangan · Posted: Tue Apr 30, 2013 3:15 pm Post subject:

I have a feeling around 5940 high it may hold for now & if I am not wrong mkt may be in up down range for 2 more days possibly, before it bottoms to start a fresh move up.

If somebody wants to risk a short can try from 5941-48 with tight stop 5967 probably. Mkt can try 5897 & may be even 5858.

Well just guessing.

Remember mkt is overall in bull trend I think. Choice of entry is solely yours.

Thanks
Gautham Shashangan