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 24 September 2012

25th Sep 2012

We closed at 5669.6

Hour trend down with a close below hour 5 ema ( 5677) , hour low ema at 5669 , a close below this would bring down momentum in hour TF  .

Day high ema at 5648 5 day ema far below at 5618

-ve divergence prominent on hour charts ...with a sell triggered today with a cross over of macd ( 34 5 5). But again , Day high ema is at 5648 unless we close atleast below that ,this is just a correction IMHO.



Still vth of 5th pending . lets see if that comes next trading session , or more weakness