how much return you expect from commodity market

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cotton

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Traded at 10 Min chart...at 9:50 the candle closed as red with a long upper shadow and next one closed with a green candle..so made that was the best time to enter would be at 104....
 
Traded at 10 Min chart...at 9:50 the candle closed as red with a long upper shadow and next one closed with a green candle..so made that was the best time to enter would be at 104....
9.50 upper shaowed in red bar says bears are controlling move not bull , if this short trend is cofirmed by next red bar go short , if green it was fake short signal,here green bar has no validity,then again red bar told you go short not long,its mistake of reading chart
 

cotton

Well-Known Member
9.50 upper shaowed in red bar says bears are controlling move not bull , if this short trend is cofirmed by next red bar go short , if green it was fake short signal,here green bar has no validity,then again red bar told you go short not long,its mistake of reading chart
mistake...thanks...1 doubt..does it mean we need to wait for next candle to close to derive at a particular trend...Now had the 10.10pm got a full body green candle...we would have gone long..right??
 
mistake...thanks...1 doubt..does it mean we need to wait for next candle to close to derive at a particular trend...Now had the 10.10pm got a full body green candle...we would have gone long..right??
no again you are wrong,their are 100 pattern on candle stick bar if one pattern is not supported by next bar chapter is closed wait for the second signal but here the red bar was so wide it covered the green bar fully . that third bar indepently was sufficient to tell us that trend is short,third red bar was supported by fourth red bar
 
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