iCharts Discussions

[SP50]

[vinay28]

what can I do if japan is hit by a major earthquake?

[SP50]

[shashangan]

People who want to hold short trail your stop to 5986 from 6003 Dec.

Gautham Shashangan

[vinay28]

I feel it is at/near bottom for today

[shashangan]

Strictly Intra day - Short Dec @ 5957-60 with stop 5976. Positional stops remain at 5986. Dont play without stops since it's nearing closing & it's against the trend.

Gautham Shashangan

[shashangan]

Well now that small up move could be the move I was expecting to trap the longs. Still early let's see who's right.

Gautham Shashangan

[SP50]

[vinay28]

good call gautham. I booked my longs and went short again

[shashangan]

Hope I get it right. It's a gut feeling psychology call than any analysis. I can be wrong. Still watching.

Gautham Shashangan

[dreamer_dang]

Good work, thanks
are you watching India Vix which is increasing means markets tend to short,
just my view.

[vinay28]

vix between appx 15-15.50

[shashangan]

This is the most challenging part of psychology. I mostly get the daily & weekly psychology reading right to an extent. It's very difficult to read the intra day, since it's too fast & I am trying to go against a fast running market & sentiment.

It's about doing right opposite of normal thinking minds. Tracking Where the stops trigger & where panic entries & exit happen, you enter exactly there, which is what the big guys do, take the mkts where the stops are. They set the trap & then they rule the mkt trend as the others who didnt put stops hold in hope when the big boys make the merry.

But again there is a lot of combinations to get it right, which comes with years of hard analysis. I am still not a master of it. I dont know if anybody can master it, ultimately it's all speculation & gambling.

Gautham Shashangan

[rk_a2003]

[shashangan]

Intra day players who dont want to risk can exit deciding the level or move stop to 5967.

Gautham Shashangan