iCharts Discussions

[shashangan]

It can possibly go through my stop Satish, It did reverse from 6045, but It didnt' see sufficient selling continue, so that top is over. Check my previous post. But my target lower should achieve according to me. Around 6065-68 is the next top & I feel it's near a major top.

I apologise, I shall be little more careful next time.

Thanks
Gautham Shashangan

[vinay28]

I think 6077NF is possible

[shashangan]

I have another sell order for mini @ 6065.80. I am feeling it's a good sell.

But I may be wrong.

Gautham Shashangan

[skd2012]

I am extremely sorry. posted in wrong thread...please excuse me..

[shashangan]

Hmm, you may be right, but my gut feeling I am going with my strategy.

This was my target to sell at the 1st time anyway, so i have sold, I am holding 2 mini shorts now, if it opens higher I will decide & short one more, if i feel it doesn't look risky.

Like you bought at low close on Friday I am shorting @ high close today & that too a new high in future. I didnt want to miss a sell @ 6065, since that was part of my actual strategy. Well there is risk, but that's how mkt is.

Like I had mentioned, they could try breaking the high once to trap the people who went short till Friday & holding. Most of the shorts would have panicked & cut their positions & reversed to long above 6045. So that's the picture I am still believing. & they did confuse me in picking the 6045 top & went to break the highs. So it's a psychological possibility to trigger shorts to bail them out & turn them to long. And hitting the 6065 target near closing so nobody would take a short position at closing. Hoping I will not go wrong. we will see.

Gautham Shashangan

[shashangan]

It's ok Das, No problem

Gautham Shashangan

[vinay28]

gautham, I closed my longs and shorted at the end becaue I feel it may go down and/or be flat and volatile tmrw and on wednesday. BUT I also feel that it may be that last fall in Jan.

[shashangan]

Well to be honest, I am also nervous, because the weekly chart looks dangerous as per the present state, though it's still Monday & the candle is not complete.

It's just my gut feeling, Like I had mentioned before they can take the mkt up to break the highs just to confuse. So I am hoping it's right.

If you have sufficient back up, even if it goes up, I think it will definitely give a correction to exit. So we can always exit on the dip even if it closes strong tomorrow.

It's purely a gut feeling entry. Few technicals are looking otherwise, Let's hope for the best. Dont worry, the mkt is for the brave hearts. When you hold such positions not to panic or get emotional, only one thing you need to remember is, not to average at any cost.

Gautham Shashangan

[apka]

[vinay28]

apka, have you forgotten that market broke quite a few age old sentiments in 2012?

[apka]

[shashangan]

Apka, I will also check the previous few years behavior around Dec Jan & also give my view in a few hours. I am stuck up with some work now. I may not be there tomorrow beyond 10 am, since I am supposed to conduct a training, so preparing for it with some ppt,s & videos.

Thanks
Gautham Shashangan

[shashangan]

1992 - 2012 - Twenty years - All January month open high low close. It's just for reference.

Gautham Shashangan

[skd2012]

Can you check this, what is the probability of a correction combining January, February.? It may be interesting to know.

Though history is one thing and current situation might be another one!

regards

[vinay28]

Interesting to see identical green and red candles.