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.



Thursday 23 August 2012

EOD 23rd August

Retracement for the fall from 5448 to 5394  comes at

From To Fall/ Rise 0.00236 0.38 0.5 0.00618 0.00736 0.008
5448 5394 54 5406.744 5414.52 5421 5427.383 5433.744 5437.2

We have done 5419 already today close to 50% .

Day Trend is up having lost the momentum with today's close below high ema .
and Hour trend has turned down today withour momentum , as we closed above low ema.

on Hour TF 5 and 10 ema at 5419 , I will keep my eye on this .

Today's low 5394 , if we break this more weakness according to me .
5398 day ema
5371 day low ema

-ve divergence still persisting .

anything above 5438 means HH .