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.



Friday, 20 January 2012

20 Jan Observation

Significant -ev divergence in hour charts ...Prices to fall but when ?



My understanding says ,
Presently wait for prices to close below first the Orange Trendline and then the Pink trendline for indication that 'c' is over in 5 waves . If and when prices close below the Dema then  Hhema , weekness will be there ..Untill then wait and watch.
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