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, 13 June 2012

Contradicting observations

  • We have a Bullish Engulfing yesterday eod . Expecting more upsides .
  • Prices closing above High emas showing upward momentum .
  • EW labeling tells me to expect a down wave now .
As I write this 123 strategy generated a BUY at 5123 .


Out of the position Sl hit at 5113

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