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, 3 September 2012

Eod 3rd Sep.2012

Things to watch ,
We ended with a insiders day with a close at 5253.75

Day 9Rsi is OS being below 20 , and there is a +ve divergence in hour charts .

With a close below Day low ema , we are trending down with momentum .
If this +ve divergence has to play then , without getting negated , we will get a close above Day low ema ( 5268) as first sign.
presently day channel bottom at 5205 lvls.

Did go long in the morning , thinking a bounce will come as last leg of wave B , but came out as the day low was broken .

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