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.



Monday 30 January 2012

30th Jan 2012

The trade should be still on according to the rules , that a close above Hour  high ema  should be the stop loss ....But as I saw 50 points and saw it reduce to 40 point s , I booked out ...after a long time some gain I saw :)
I should have sit tight and should not have closed the position . but I did
------------------------------------

Today at 10:00 close I shorted 1 lot of mininifty ...
Based on
1) Prices closed(5150) well below the Hour low ema at 5170 .
2) Gap down supporting the hanging man formed on friday.
--will update here as the day moves on

No comments:

Post a Comment