how much return you expect from commodity market

Status
Not open for further replies.

cotton

Well-Known Member
you never asked me ,what is the difference between ,non confirmed long trend and confirmed long trend,if you know the difference,then tell me the difference,if you dont know ,why you have not asked this question from me ???
We do Swing based trading using 4 hr charts but to check and confirm we need to check the daily charts if the same has come in trend and from there we confirm if the same has come in trend...i could be wrong on this because I am using eod strategy to check in trend or not...
 
Yes i have read all your post but initially I was just following your decisions and taking the entry points...but as the MTS started giving signals and I collaborated the moves with your I felt confident yes the moves MTS is generating is as per your...so now when you say its long,i check the same on MTS and confirm the same..so thats why i dont check with you if its confirmed or not...and if its not i definitely make it points to discuss with you technically...
when i felt, you are facing problem in holding moves, which are in non confirmed long trend,only after that i asked these questions from you,remember we just trade the move from the very beginning of that move and carry them till their last end.move always start from non confirmed long trend,then it may pass one to five days in the same non confirmed long trend,during that it will trade in a zone ,in a very small range , we have to go long and then to pass these 2 to 5 days with patience so that it can go in confirmed long zone,after that we will mint money in it TILL THEN JUST PAITENCE NO SQUARE UP OF MOVE(lead and zink are at present in non confirmed long zone)so just hold and wait so that when it take jump ,at once we are already in the move and we dont require to run against the move to take a position)
 
Another thing i was thinking we are not doing is trading range based trading in lead and zinc..the same moves are being generated every 1.5 hours on the charts..giving 1K profit every 2 hr roughly...this we should also track keeping the main trend in picture so even if reversal happens we are not caught...
TO TRADE RANGE BOUND POSITIONS IS NOT OUR JOB,WE JUST FOLLOW THE MOMENTUM MOVES,ONCE YOU WILL HOLD A PACK OF NINE YOU WILL BE A PERSON OF 10 K NON STOP EVERY DAY!!! THAT IS MY PURPOSE TO TEACH YOU(you are not intra day trader now,you are a position trader always remember)
 
We do Swing based trading using 4 hr charts but to check and confirm we need to check the daily charts if the same has come in trend and from there we confirm if the same has come in trend...i could be wrong on this because I am using eod strategy to check in trend or not...
almost 4 hour trading is at par with eod with a small difference,that difference is in our benifit ,i will explain later
 
so the result of all these discussions is,suppose we have a limited amount in our trading account,so we will take those moves first ,which are in confirmed long trend and after that if any thing is balance in trading account only then we will take non confirmed long moves
 

cotton

Well-Known Member
when i felt, you are facing problem in holding moves, which are in non confirmed long trend,only after that i asked these questions from you,remember we just trade the move from the very beginning of that move and carry them till their last end.move always start from non confirmed long trend,then it may pass one to five days in the same non confirmed long trend,during that it will trade in a zone ,in a very small range , we have to go long and then to pass these 2 to 5 days with patience so that it can go in confirmed long zone,after that we will mint money in it TILL THEN JUST PAITENCE NO SQUARE UP OF MOVE(lead and zink are at present in non confirmed long zone)so just hold and wait so that when it take jump ,at once we are already in the move and we dont require to run against the move to take a position)
Got it Ashwani...
 
now for tommorow ,nickel/aluminium /gold/copper/silver:all these five are in confirmed long trend and lead/zink are in non confirmed long ,so now you know how you have to take decision for adding positions tommorow best of luck to every body for monday trading
good morning cotton,so you are ready to day.for a move in silver/copper,LET US HOPE FOR THE BEST(IF BOTH THESE OPEN GAP UP ,THEN IT MAY PROVE TO BE A GOOD DAY AND FURTHUR ACTION CAN BE TAKEN IN THE MORNING,BUT IF MARKET OPEN GAP DOWN OR EVEN AT PAR ,THEN WE MAY HAVE TO WAIT TILL SIX O CLOCK IN THE EVENING,SO THAT MARKET CAN STABLISE BY THAT TIME,AND FURTHUR ACTION MAY BE TAKEN AFTER SIX IN THAT CASE)
 

cotton

Well-Known Member
good morning cotton,so you are ready to day.for a move in silver/copper,LET US HOPE FOR THE BEST(IF BOTH THESE OPEN GAP UP ,THEN IT MAY PROVE TO BE A GOOD DAY AND FURTHUR ACTION CAN BE TAKEN IN THE MORNING,BUT IF MARKET OPEN GAP DOWN OR EVEN AT PAR ,THEN WE MAY HAVE TO WAIT TILL SIX O CLOCK IN THE EVENING,SO THAT MARKET CAN STABLISE BY THAT TIME,AND FURTHUR ACTION MAY BE TAKEN AFTER SIX IN THAT CASE)
Morning Ashwani...I saw the spot price they seem to be static at the moment..but the gold has touched new high and trading in that same range...hope for the best...best to luck to us for today's trading... :)
 
Status
Not open for further replies.

Similar threads