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 29 February 2012

Trade plan for 29th feb

Broken ORB to down ...no positions presently
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very simple plan for the day
5451 Week High ema.
5470 is Dhigh ema
trading above Pivot for the day , 5442 is the R2 for the day.Trading above that
At 10:00 close we are trading  above Hour high ema and 5 Hour close ema ..making the hour trend up and buy signal at 5444.
now
ORB for today is 5425-5459
On the break of 5459 to up I will buy with 20 points SL .