This is my trading file to organise and jot down my take on the market .I do Technical Analysis. This blog is to keep track of my baby steps so that I can look back at my journey .Looking back tells me how far I have come from days when I knew nothing and can go further .It gives me motivation to keep going on even when I am tired. One has to back up trading with their own studies. The charts I post here are 99% inspired from Ilango sir.



Tuesday 20 December 2011

Update at 2:30

Morning trade the stop loss was hit at 4594 and no profit no loss "capital preserved".

4555 an important support now , If we go below 4555 then we will be in iii rd wave of 'C' down .
ii look like a flat so it will get over around 4620 lvls .

20-Dec-2011

Update 12:15 All the short term MAs have converged at 4597 ...so keeping the SL at 4594 now to preserve the capital .

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WHema
4901
DHema4768
WLema4697
DLema4659
HHema4619
HLema4585
Buying at Hlow ema for 1st target hhigh ema then dlema ( For Intraday Only) As Day wise the Trend is down till prices close above DLema .


Date PositionSizeEntrySl1st Lot exit2nd Lot ExitExitP/L
20-Dec-11Buy5045904580