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 21 February 2012

EOD 21st Feb : No weakness yet

Price did make a new high but no weakness in prices seen today .
Also the golden ratio still untouched . Channel resistance comes at 5648 , this is also the golden ratio from where we were to initiate shorts . Prices still trading within the channel .
We got a candle with green body , with prices closing near the highs .

Weakness only when prices close below 5 ema which for today comes to 5536 .
5588 is the Hour low ema , prices closing below this lvl will be first sign of weakness .
5597 is day Pivot .
For now no weakness in the prices .