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 13 March 2012

EOD 13th March

We had Golden cross today where on day charts 50 ma cross over 200 ma .
Also on day charts , 5 ema crossed over 10 ema . Both these cross overs indicating bullishness .




If in the below hour chart , 20 ma crosses over 200 ma then more upside ...If now 20 ma starts to fall then a fast fall , we have seen in recent past that this combination of 20 and 200 has worked very well for fast fall . Tomorows price action will confirm this .





On day charts Fast macd crosses the zero line today ...indicating bullishness .
Missed the opportunity to enter longs when nifty dipped to 5327 yesterday .


 


Camarilla update


 Thats it for the day !

Exploring Camarilla trading

13th March 2012

Intraday Trading Using Camarilla , so for next one month lets follow this method and see what are the gains . In my EOD updates I will also write the gains/Losses by this method .
-------------------------------------------------------------
Stock name Nifty
Open 5420.1
High 5420.1
Low 5327.4
Close 5360



HL5  5453  LL5 5,267
HL4 5411 Break Out on the Upper Side             Break Out on the Lower Side LL4 5,309
HL3 5385 Go Long above these                         Go Short Below These LL3 5,335
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We opened at 5391  between H4 and H3 ...so we go long on breakout of H4 which is 5411 , and keep SL at H4+H3/2 = 5398  .

Update on Camarilla Trade ..