OPEN CONTEST 02 - NOV 2012

Dear All,

Here, i am placing a question, which is open for all to answer and win a prize of INR 1100/-.

1. "Legendary traders like George Soros, Jim Rogers, John Burbank are known to plan trades in such a way that even if they are wrong about the trade, they still make money". 

2. Even after earning negative pips for the trade few traders make money.

Explain the above two possibilities with an example for each case. Trades unfolding in the future would be given more valuation.

Please Note:

1. Only the best attempt will win the prize. Mail your analysis to uttamsmethodofselling@gmail.com.

2. Prize money would be transferred through online NEFT transfer to winner's account.

3. Anybody can participate in the contest i.e., mentees (present or past), GIC subscribers or any visitor to the blog.

4. I will wait for the best attempt till 31st Dec. 2012.

5. Winning analysis would be posted in the blog itself before 10th Jan. 2013.

Best Wishes!

The Treasure Hunter

WINNER of Open Contest 01 - Oct.2012

Dear All,

Though the kind of analysis I was expecting for this open contest has still not been submitted by anyone, but the best analysis is posted below which wins INR 1000/-. Winner’s name  is :

RAJIV RANJAN, Panchkula, Haryana.

A. Although few more entries were good efforts but this entry was the most eligible for the prize due to the following.

Merits:

1. Approach - Use of spot chart and futures chart for assessing/confirming the situation.

2. Relevant BSL turned BRL has been picked correctly with most suitable TL points.

3. No wrong TLs used in the analysis.

4. Use of only historical data, i.e., NIFTY data before 5629.95 occurred, for the analysis.

Demerits:

1. Proper technical term has not been mentioned in the chart for the price action.

2. BSL-Turned-BRL requires more fine-tuning.

3. Suggested trade is irrelevant to the discussion.

4. Micro-analysis is simply absent.

B. My analysis for the contest question will be shared with my mentees only.

C. Prize money has been scheduled for transfer to the winner’s account on 13th Nov. 2012.

New contest question would appear within a week here in the blog itself.

Best Wishes!

Kamlesh Uttam

Regarding OPEN CONTEST 01 : Oct-2012

This is to inform all the participants that

1. I am yet to receive the kind of analysis i am expecting from you all. Last date for submission is 10th Nov. 2012. So, you are advised to give it a fresh try and submit the same.

2. I am not considering entries by two of my pass-out mentees for the prize money.

Best Wishes!
Kamlesh Uttam

OPEN CONTEST 01 - Oct. 2012

Here, i am placing a question on Trend-line Analysis, which is open for all to answer and win a prize of INR 1000/-.

Question - NIFTY's top of 22nd Feb. 2012 was formed at 5629.95. Can you locate it using trend-line analysis?

1. Only the best analysis will win the prize. Mail your analysis to uttamsmethodofselling@gmail.com.

2. Prize money would be transferred through online NEFT transfer to winner's account.

3. Anybody can participate in the contest i.e., mentees, GIC subscribers or any visitor to the blog.

4. I will wait for the best analysis till 10th Nov. 2012.

5. Winning analysis would be posted in the blog itself before 15th Nov. 2012.

Best Wishes!

The Treasure Hunter

Announcements

1. Today was the last date for expression of interest for Mentoring program.

For new vacancies, interests may be intimated in the First fortnight of March 2013.

2. 10-Trades exercise is complete. From here onwards GIC trades/analysis would be completely confidential.

Thank You!

The Treasure Hunter

Closure of running TRADES

I hereby close all running trades at respective Weekly Close.

Silver..........@ 34.48, 
Copper........@ 3.7488, 
Crude Oil....@ 92.02, 
HDFC..........@ 774.4

10th trade remains, but i had given 31st October 2012 as last day.
Today is 30th Sept. and i am happy & content with the exercise and results.

Table is updated accordingly.

Trade-01 - Update

Trade-09 - Update

Trade 08 - Update

VACANCIES Update

For Mentoring 02 positions are being available by mid-Oct 2012. Selection process has started. You may contact before end of Sept 2012. This is for information to all interested people. 

TRADE-09

TRADE-08

TRADE-07

TRADE-06

Update on TRADE-01

TRADE-05

Closure of Trade-04

CLOSURE OF TRADE-03

UPDATE on TRADE-04

TRADE-04

TRADE-03

TRADE-01 Closure

Update of TRADE-01

Update of TRADE-02

TRADE-02

TRADE-01

Uttam's Method of SELLING (UMS)

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