iCharts Discussions

[rainbow]

Dear Icharts Management:

This post refers to the recent changes we have seen on Icharts which give
a 'facebook' feel and its implications. Speculator and I had a chat yesterday
on the subject, and this below is a brief summary. This opines on the 'what' and the 'how'

1. The changes implemented are nice to have, fosters better networking
between Icharts members. we can all see how handsome (or otherwise)
other members look. Amitsaraf, I am sure is already apparently high
up on the popularity charts
2. The blog posts that several members have added, are obviously a step in
the right direction. Gives a feeling of ownership, along with accountability.
While some of them are forwards by reputed traders, there are some views
which IMO is true imparting of trading skills/gyan.
3. It is deeply felt that the above value additions should not be at the altar of
compromise of the single killer app that Icharts provides. The RT data feeds.
4. I refer to the two recent outages of 'chart freezing' incidents which obviously causes panic amongst traders who trade 5 min charts. Jai2000 to a large extent, and me, fall into this category, plus the whole lot of day traders. At this time, I found that the home URL (www.icharts.in) was also not functional. This almost had symptoms of a DDOS attack (distributed Denial of Service Attack)

So, cards on the table.

These additional features could be tested on a *separate* test bench, rigorously for about 3 months. Provided to users for beta testing. And kept isolated from the live environment. On successful completion of the pilot phase, can be migrated to the live environment.

Suggestions to add/modify/delete the above are welcome.

Have a great day, folks

Cheers
Rainbow

[Thaavo]

[nsinojia]

[opportunist]

IMO making Icharts Facebook compliant may not be that great an idea. Serious traders dont need too much socialising. If they do they would go to Facebook or other such sites directly. Those who want popularity or fame have numerous options on the net to publish their blogs. There are many of financial / trading website to voice their opinions. Even for Icharts experts who are genuine masters there is the Forum to impart wise words to people like me who are yet to graduate to that level.

As rightly pointed out by Rain, the central offering of Icharts is RT data in all possible TFs along with major indicators. That is the life and soul of this website, literally so for many traders who make their living out of this space, SILENTLY. They hang for every market move for making a decent profits to pay their bills and would rather see uninterrupted service than links with facebook and blogs.

Also what I find from these blogs - they are mostly copy pasted articles. It is only a way to massage the egos of failed traders who either have rich dads to sponsor their time on the net or are on their way out to an alternative profession having failed in trading. Any way they are dispensable.

I think we need to be vigilant to the cause of dedicated day traders and refrain from walking towards the direction of being more social networking for in the end it will only dilute the value proposition of this great site. The administrators may kindly note that popularity of the site may not increase subscriptions as curious onlookers may merely drop in, dabble in the freebies and leave when they find trading more difficult than trapeze.

The serious trader on the other hand, will hunt and look for Icharts in his eternal search to reach his/her goal.

Regards,
Opportunist

[singh.ravee]

Anything new is always appreciable.

As far as disruption of data is concerned, I think its something exceptional that has happened and does not require that much of attention from user's side. Let admin handle it. The data was restored within no time. Even the best of systems are subject to breakdowns.

Short tf traders = concerns are valid. However, if one odd error in data feed, has a potential to spoil ur trade, then either it was something exceptional and can happen with anybody on this earth or trade strategies need to be reworked.

Just my opinion.

Thanks and Regards
Ravee

[rainbow]

Ravee:

thank you for the opinion. Like in trading, in real life too, contra opinions are stimulating.

Excuse my following analogy.

Imagine an aircraft landing at night, the runway lights are off. Pitch darkness. sole dependency on the ILS (Instrument landing system) which suddenly goes dysfunctional because the tower has recently introduced new features. Now imagine yourself in that aircraft.

Again, this could be an extreme comparison but I gather you get my gist.

Cheers
Rainbow

quote="singh.ravee"]Anything new is always appreciable.

As far as disruption of data is concerned, I think its something exceptional that has happened and does not require that much of attention from user's side. Let admin handle it. The data was restored within no time. Even the best of systems are subject to breakdowns.

Short tf traders = concerns are valid. However, if one odd error in data feed, has a potential to spoil ur trade, then either it was something exceptional and can happen with anybody on this earth or trade strategies need to be reworked.

Just my opinion.

Thanks and Regards
Ravee[/quote]

[opportunist]

[hbanerji]

allow me to use this opportunity to remind ST that we are waiting for your p & f charts. also, pls let us know whether we will get the heiken charts. many thanks as always for providing this service. thanks once again, to ST, PT and everyone else at i charts

[rainbow]

Oppo:

Thanks! your comment makes one feel ten feet tall

Only wrote from top of mind recall.

Nice evening.

Cheers
Rainbow

[opportunist]