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 20 February 2012

Observations for 21/2/2012

Prices still making higher highs ..And I am waiting for prices to fall for quite some days now thinking that the prices should fall , but they are still making higher highs ..lets see the key points and try to come to some conclusion  .

Divergence :

Very  clearly one can see divergence in hour charts as well as day charts now with almost all the indicators .
Below is a Day chart with 9 Rsi



This  is suggesting that prices should be moving down soon .

Moving Average: