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Cotton or Ashwani. I was wondering if one of you could answer a question for me. As you can see by my posted chart, my rates are a far cry from your posted rates. Similarly, that is the case on the rest of the metals, but is somewhat close with the Natural Gas. I already posted my views in my blog and was thinking of doing so in my thread. Why are we so far apart on the price?
Thanks in advance for your help!
dear paul,i am thankfull to u for ur above mentioned post.dear cotton is a keen learner and he is having thrust for learning,so i am doing my
leval best to teach him and few other friends and regular learners of this thread,some basic principal of trading.
after quite long time he will be in position to give perfect answer to a learned person like u
u have access to indian charts also, as u are giving ur views on nifty also.
i can give comment if either chart is provided in indian currency or if u give ur support/resistance r1 r2 r3 s1 s2 s3 and pivot of commodities in any particular date but in indian Rs mentioning which month CONTRACT data u provided even if u dont give charts in indian Rs it will work
i was not able to co-relate this chart with any commodity in indian RS ,so was unable to comment
as a learned trader u are using the best possible technique available in the world,using various trend lines also over and above various supports and resistance
in knowledge i might be one step behind u(in technicals)
so i have taken advantage of ur knowledge to modify my mechnical trading system
with the more knowledge,i gained as a T.A.i used it to make mine mts more simple
at present in mine MTS i use three lines ONE SUPPORT LINE ----TWO RESISTANCE LINE----THREE PIVOT LINE -if move was left ,so to enter in between the trade i use pivot other wise not
i use only two indicators ONE RSI TWO STOCH
i dont use these indicators for decision of trade but to know ,at which stage the move is
my all trading decisions are based on support/resistance/pivot(and no other information i use)
and still it is one of the most popular technique of trading(un disclosed technique whose all information is available in the mind of seniors and one has to catch it with his own knowledge if it is enough to catch it)
i will be obliged if these informations are of some use to u and if u can accomdate to provide data in indian Rs ,i will be in a position to give accurate answer and will be obliged to give answer thanks once again for the post
note;i gave live demo of my mechnical trading system moves, at this thred, in all the nine commodities for a month, and capital was doubled in a month,all the informations of that demo are available at this thread,if that can be of some use ,u can go through it(ur furthur comments at mine demo will increase mine knowledge)
