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, 27 June 2012

Today whole day , we traded in a very narrow range .
Moving averages were telling one story and EW was telling another .
different methods were not complimenting but contradicting each other so stayed away and was just watching the screen and where prices are going ..

There was this point for short trade when nifty touched day high was not able to sustain , unfortunately it came during my break from terminal between 12:45 to 1:15 .
Did take a short trade and made some tiny points , which did not stay with me for long as I shorted again when it broke the low and came out with a min loss as it broke the channel I drew touching the highs today.

Tomorow is a holiday for me , see you all on Friday.


SMART Trader said...

"There was this point for short trade when nifty touched day high was not able to sustain"

This is what is called trading. You dont need any indicators to do this.

All the best


Smita said...

Thanks ST , For your encouraging words !

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