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.

Tuesday, 4 September 2012

EOD 4th Sep2012

With today's close  at 5274

we closed above Hour high ema and  Day low ema  with  +ve divergence in hour charts still there  , and Macd ( 34 5 5) gives a buy in hour TF .

I do not have any positions presently will wait for tomorow , I did short in the first part of the day , covered it around noon with a small profit .

Day charts 9 Rsi in OS region with hour charts showing +ve divergence .

on hour TF 5-10ema  +ve crossover in place with the close ,

5 Day ema at 5283
Hour channel top also at 5282
DayHema at 5311

Fast MACD on hour TF , crosses over zero line .

Channel yet to be taken out ,

If we take out this channel top in tommorow's trading session , then it is a macd buy with +ve divergence .
All my obervations indicating towards a UP day tommorow . Lets see how we open .
Have a nice day !

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