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.



Wednesday 22 February 2012

Things to watch for 23rd Feb

  • On day chart , slow Macd has turned down but not yet triggered , keep an eye on this indicator if it triggers ...

  • Pivot is 5542 . Above this strength and below this weakness .
  • Price have indeed closed below the 5 day ema at 5524 making the trend down . keep a watch on day low ema at 5493 .
  • EW says we are done with the 3rd wave , so we are in 4th now this 4th will unfold in 3 waves ..check the ew page for further details .


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