iCharts Discussions

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

if you don't get much time, at least try to follow two threads e.g. "nifty view-march" and "FnO analysis". Not to get biased but get alternate views.

shashangan · Posted: Fri Mar 22, 2013 10:46 am Post subject:

Oh yes Vinay, I do go through it when I have time, just to see what's happening. Sometimes I do get cues of news & other views as well.

I dont get in discussion, because I follow a system which works for me. When you follow one good system you overall do well, but when you try different systems you get in more mess if your time is bad.

And I myself am a bit of a gossiper, so if I start talking I fear it will affect my work. My training business is doing reasonably well, so dont want it to slip by, since I really worked hard for it to get to the present level. I am also trying to build other verticals of small businesses, but it's taking its own time. So I am trying hard to do justice to all. There will be a day I will be active in all threads. But may take some time.

Making money yes, is one objective in Trading, but I am also doing it for passion.

I appreciate you show concern & have been genorous to caution me & give your view when you sense risk. Thanks, that's nice of you.

Regards,
Gautham Shashangan

shashangan · Posted: Fri Mar 22, 2013 11:05 am Post subject:

It's just trading against the normal sentiment, I am playing a friday punter mind game.

I many times have got it right. If I am not wrong the up move may come in now from 5655 till 2.30 pm. Not necessary, Just a guess.

Let's see

Gautham Shashangan

shashangan · Posted: Fri Mar 22, 2013 2:34 pm Post subject:

Have trailed up my stop to 5660.90.

Good luck

Regards,
Gautham Shashangan

shashangan · Posted: Fri Mar 22, 2013 4:36 pm Post subject:

Sorry was stuck with some work. Could not update on time.

Anyway could not get hold of the top. But I booked at 5685.40. Trailing stop triggered

Thanks
Gautham Shashangan

shashangan · Posted: Mon Mar 25, 2013 9:12 am Post subject:

Target Achieved.

Gautham Shashangan

skd2012 · Yellow Belt Joined: 03 Oct 2012 Posts: 948

Everyone has his/her day Smile

Enjoy.

shashangan · Posted: Mon Mar 25, 2013 10:16 am Post subject:

Thanks Das,

But I missed the exit, since I cut my position before Friday close. I was expecting min around 5720-25, but my trailing stop got triggered.

But I did have a feeling they will give one shock treatment to small shorts. Today's open is the same, 1st mild doze.

Let's see how it goes.

Cool

Thanks
Gautham Shashangan

shashangan · Posted: Mon Mar 25, 2013 2:53 pm Post subject:

It's near the low for the day.

Mkt can close in Red today. But there is one more possibility of mkt trying 5725 region tomorrow or by Wednesday again. It's a small possibility. The weekly closing was bad, So just have to be cautious with longs. Dont play without stops.

Play Safe. Be cautious. These swings are to trap both longs & shorts especially the intra day & short term players who play with stops.

Regards,
Gautham Shashangan

shashangan · Posted: Mon Mar 25, 2013 3:04 pm Post subject:

Strictly Intra day only

Taking a chance

Bought NF @ 5639.10 - Stop 5609 Min Target 5660

A Tight stop would be 5624

The low for the day could be around 5632 March according to me

Regards,
Gautham Shashangan

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

gautham, if your SL is 5609, why not carry it?

shashangan · Posted: Mon Mar 25, 2013 3:13 pm Post subject:

Let me see Vinay,

If I get atleast 15 points I will book, since I am also little scared of the overall trend. It can be dicey.

I shall decide at close what to do.

Gautham Shashangan

shashangan · Posted: Mon Mar 25, 2013 3:23 pm Post subject:

Booked my Long @ 5650.40

If anybody bough & holding long kindly put a stop @ 5643.40 & Close it EOD.

Thanks
Gautham Shashangan

shashangan · Posted: Tue Mar 26, 2013 9:03 am Post subject:

Think April likely to open around 5660 { (-) 25 points }.

Regards,
Gautham Shashangan

shashangan · Posted: Tue Mar 26, 2013 9:35 am Post subject:

Mkt may be sideways to down till 11.30. It might possibly move slowly up again after making a new low around 11.30 probably.

I can be wrong

Thanks
Gautham Shashangan