iCharts Discussions

[jimmie]

DOWNWARD NINE:

[sandew]

Hi Jimmie,

I was eagerly looking forward to your chart today but i must confess now this has truly foxed me, and for following reason.
1. I am total layman when it comes to drawing this Nine charts. I follow the simple rule - candle breaks down the channel and then I initiate short.

2. Your chart of downtrend today june 25 shows I need to have been short from around 4480 in fact many days earlier BUT your previous day chart shows uptrend and never did it indicate go short rather it kept prompting to hold longs until breakdown of lower channel as late as yesterday. How do we resolve this conflict.

3. I have a request, Can we have a snap-shot smaller version in one chart giving Gann trends and channels for last 3 to 5 years. This will help layman like me to figure how the strategy has panned the highs and lows, and how and when reversals set it.

4. Last,and most crucial - I was thinking using your Gann charts as a lighthouse to guide me through main direction while playing intraday. If your main direction now is short I now propose to carry any overnight positions, in case I have to, only and only short ( and never long no matter what be the temptation and news ) till such time your channel gives a reversal signal. Will I be correct in this strategy?


Thanks
Sandew

[jimmie]

NINE:

[jimmie]

[jimmie]

NINE

[jimmie]

NINE: dAnGeR zOnE

[saikat]

jimmie,

What is that RED dot marked as 4500?

Saikat

[saikat]

jimmie,

I was going back into ur threads to find when the last downward NINE became upward ones - but found u started posting only from 3rd April ( page # 7 )

Is it possible for you to post NINE as it was during jan to march 09..... I wish to see how and where NINE upper channel got hit and it became LONG

Thanks,

Saikat

[sandew]

Hi Jimmie,
I fully endorse what Saikat says.
Thanks

[jimmie]

NINE:
Dots represent the Swing signal generated from Squaring of price and time. Today got a buy signal . Kindly note that the Buy signals are a bit weakish in nature and Nifty may or may not reverse from the said BUY signal. It can always fall 150-200 points from the BUY signal before moving up...

[saikat]

hi,

Just managed to crawl back inside ...

Till budget it may not break the channel - but for that it now needs to go up - as even side wise movement for another 2-3 days would break the channel....

So are we gonna move up now???? Let's see.....
You got a buy signal too

Thanks for clearing my doubts in the SB.
Will appreciate if you can give some link or writeup to understand the squaring of Price n Time.

Regards,

Saikat

[nareshch]

Prices tested the support twice in these 8 sessions . Another test of support may crack this channel . Today we got a good hammer 4383 ( 900 deg) which didnt allow the price to move up to the next zone.

I am not sure if we have any effect of Dow going down( -170 as of now ) as all of us are wiaitng for the Railway budget tomorrow and the Much hyped budget on 6th .

Lets see who wins . ( Just sitting on some far OTM strangles) ..

Naresh

[jimmie]

[jimmie]

NINE:
Generated a SELL swing signal today, though i am not very sure about this signal as i generally allow a tolerance of max 5 Degrees while squaring, but today unfortunately the tolerance was 5.24 Degrees, which i am not sure if it can be put in trade. But yes a a good shorting place if the channel gets broken...!

[jimmie]

NINE: I was skeptical about the Sell signal yesterday, even when DOW was in deep red. Well it worked fine today, It never breached the open price and there was no question of shorts.
For monday the Open price of NS 4424 may generate a Sell signal if Nifty manages to close in minus. The open price will work as an indicator to this signal.
If nifty manages to maitain above 4424 on Monday we may again see Nifty Flying.. !
For the time being: Too many Kiss n Run from teh Lower channel