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 4 April 2012

EOD 4th April 2012




4th April 10:00 close


OLCH values in last row is at 10:15

At 10:00 close We close the long position taken at 5238 ,
reasons as per me :

The price closed at 5329

Hour high ema 5358
Hour Low ema 5339
5 Hour ema 5349
34 ma on 30 mins TF 5326

So we closed not only below hour  high ema but also hour low ema ...clearly on hourly TF down momentum is picking with a close below hour Lema .

If we take 2 lots and part book , then we will make good points in this trade .
and now all the position is closed ..so 2nd lot gives 90 points .