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 28 February 2012

EOD 28th FEB

Candle patter is a bullish harami we got there today , indicating bullishness ..so more upside .

Also I see the Day trend is still down with a close below 5 Day ema and hour trend is now Up with close above Hour 5 Ema ..so I have to watch for weakness in hour trend or hour reaching OB with -ve divergence ..that would be clear signal to go short. As the day trend is down and Hour is Up , weakness in hour can be sold , Unless day trend turns up as well ....So for now keeping my eyes on Hour trend .
I have to rush to attend some work ...more detailed analysis EOD 29th Feb.

28th Feb

Hectic schedule today ...would not be able to update today