iCharts Discussions

shashangan · Posted: Thu Jan 17, 2013 1:25 pm Post subject:

High Risk Trade

Place an order to short Jan @ 6060-63 with stop 6080. Target open

Could be risky play mini.

Gautham Shashangan

shashangan · Posted: Thu Jan 17, 2013 1:27 pm Post subject:

Thanks Like I mentioned in my previous posts, I am also not very clear of the overall trend, need to wait till tomorrow's close to get a better picture.

So playing it safe.

Gautham Shashangan

shashangan · Posted: Thu Jan 17, 2013 1:30 pm Post subject:

Cancel order if not filled - Not very comfortable. People who can take risk can try their luck with one lot mini. if not stay out for some time

If you got an entry already place stop to cost again.

Gautham Shashangan

shashangan · Posted: Thu Jan 17, 2013 1:50 pm Post subject:

Mkt possibly in a break out mode above 6062 Intra day stops for buying can trigger & below 6043 stops for selling can trigger. Let's see.

Gautham Shashangan

shashangan · Posted: Thu Jan 17, 2013 1:59 pm Post subject:

Place an order to short Jan around 6058 with stop 6064

Only people who wanna gamble place it. dont play without stop

Gautham Shashangan

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

SL hit gautham. market going up due to possible diesel price from tonight.

shashangan · Posted: Thu Jan 17, 2013 2:12 pm Post subject:

Feel little better, couldn't fish much stops above 6062.

So now Place an order to short Jan @ 6065-68 with stop 6080. Target open

Play multiple mini instead of major to be safe.

I have placed mine @ 6066.40 in mini.

Gautham Shashangan

shashangan · Posted: Thu Jan 17, 2013 2:37 pm Post subject:

They are still fishing for stops, but I can feel them running out of gas. I may go wrong if some new punter enters & buys huge again
As of now it's ok

Gautham Shashangan

shashangan · Posted: Thu Jan 17, 2013 2:47 pm Post subject:

Place an order to partially cover your short @ 6052-50 & decide your stop 6074 or move your stops to cost for the rest. I am chasing the mkt like a Cheetah & hunting it down, so cant say, if you make it, a bounty or atleast something.

The intention is to find the kill, if the fall happens suddenly you hit jackpot.

Gautham Shashangan

shashangan · Posted: Thu Jan 17, 2013 3:15 pm Post subject:

We are entering closing, so intra day players who dont want to make a loss move stop to 6061, Rest can hold with 6074 or 6080.

Good luck
Gautham Shashangan

shashangan · Posted: Thu Jan 17, 2013 3:37 pm Post subject:

If U.S mkts are strong there could possibly be one more attempt to the highs may be 6076-78 area tomorrow.

We will have to watch one more round if that happens & tomorrow being Friday, I still dont rule out risk for bears. I am quite eager to see a bear close, which would be a inverted hammer or a possible Reversal pattern.

See you tomorrow

Thanks
Gautham Shashangan

saumya12 · Brown Belt Joined: 21 Dec 2011 Posts: 1509

shashangan · Posted: Fri Jan 18, 2013 9:06 am Post subject:

Thanks Saumya,

Yes indeed it's opening with gap & looking little risky for bears.

Jan opening around 6075

Range near opening - 6096 - 6053

Gautham Shashangan

shashangan · Posted: Fri Jan 18, 2013 9:22 am Post subject:

Not sure, but feel probably mkt may hold around 6080 here till 10 without much movement.

Let's see

Gautham Shashangan