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 16 January 2012

16th Jan .

Did not get a chance to enter today .....with the very simple system of Moving Average bands .

Lets see what happens tomorow .

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A very simple plan for today is ,
As prices close below the Hour low ema at 4848 ...I will short , with SL as close above hour high ema .

I feel weekness in the prices ...Also 5 waves were done at 4899 ..I think 2nd wave of 5 waves down was over and now we are in 3rd wave down .