how much return you expect from commodity market

[vishumahajan]

SHORT WAS TAKEN IN NIFTY AT 5143 LEVAL
YESTERDAY CLOSING WAS 4929
5143-4929=214x50=10700
position trader profit in one lot of nifty till yesterday 10700/-short is still open!!!!

Ashwani sir, as of now all the base metals are in short trend ?

 

[ashwani chadha]

ashwani sir, as of now all the base metals are in short trend ?

these days i am just concentrating on five mini lots and i have added one nifty
zink/lead/alumini are short till to day by evening all the three may shift their trend
gold and silver are quite strong

 

[ashwani chadha]

these days i am just concentrating on five mini lots and i have added one nifty
zink/lead/alumini are short till to day by evening all the three may shift their trend
gold and silver are quite strong

dear cotton , i feel our re entry leval in zink to day should be around 98/50 leval which was our entry leval,although at present it looks some what risky

 

[ashwani chadha]

dear cotton , i feel our re entry leval in zink to day should be around 98/50 leval which was our entry leval,although at present it looks some what risky

at present lot of fight is there in between bulls and bears on zink counter

 

[ashwani chadha]

my views on gold
current move in gold started on 25396 on 12/8
it made its previous high on 10/8 at 26314
on 17/8 it tried its first attamp to break this leval,but first attamp failed and reversed from this leval to a leval of 26095
from 26095 it started its second try to break previous high on 17/8
this gave it a clear gap of 26095-25396=700 points
700 point gap in gold was a quite a high gap
on 17/8 it self it was able to close at 26320 above its previous high of 26315
as a result next day i means yesterday straight jump of 730 points(27050-26320=730)
again yesterday late in the evening,just a consolidation of 176 points 27950 to down 26874
and finally it resumed its prime long trend from 26874 to
ultimately closiong at 27136
after a gap of 730 points ,it gave a second consecutive second 26874-26315=559 point gap
it shows that still a very strong up trend in gold is still pending(we can expect this up trend after every gap)
this are just my views not a tip to go long in gold

gold 650 point up !!!!!

 

[ashwani chadha]

MY VIEWS ON GOLD
current move in gold started on 25396 on 12/8
it made its previous high on 10/8 at 26314
on 17/8 it tried its first attamp to break this leval,but first attamp failed and reversed from this leval to a leval of 26095
from 26095 it started its second try to break previous high on 17/8
this gave it a clear gap of 26095-25396=700 points
700 point gap in gold was a quite a high gap
on 17/8 it self it was able to close at 26320 above its previous high of 26315
as a result next day i means yesterday straight jump of 730 points(27050-26320=730)
again yesterday late in the evening,just a consolidation of 176 points 27950 to down 26874
AND FINALLY IT RESUMED ITS PRIME LONG TREND FROM 26874 TO
ULTIMATELY CLOSIONG AT 27136
AFTER A GAP OF 730 POINTS ,IT GAVE A SECOND CONSECUTIVE SECOND 26874-26315=559 POINT GAP
IT SHOWS THAT STILL A VERY STRONG UP TREND IN GOLD IS STILL PENDING(WE CAN EXPECT THIS UP TREND AFTER EVERY GAP)
THIS ARE JUST MY VIEWS NOT A TIP TO GO LONG IN GOLD

dear cotton ,due to high voletility at present i am out of all five mini lots,my position at present is nil,due to at once fall in gold which they gave with in few minuts.i decided to close all my positions,i will re open them on monday around 12 o clock when consolidation will be over

 

[ashwani chadha]

dear cotton ,due to high voletility at present i am out of all five mini lots,my position at present is nil,due to at once fall in gold which they gave with in few minuts.i decided to close all my positions,i will re open them on monday around 12 o clock when consolidation will be over

alumini trend not confirmed-considered week
lead trading at lower support 106/10-considered week
zink support 97/70-trading above support showing strongness---but can become victim of sympathetic fall in support of lead and alumini on monday
rest decision is yours

 

[Klewtar]

alumini trend not confirmed-considered week
lead trading at lower support 106/10-considered week
zink support 97/70-trading above support showing strongness---but can become victim of sympathetic fall in support of lead and alumini on monday
rest decision is yours

I have noticed that there is a possibility that copper's price drops and gold's price rises are both adding to the lower prices of base metals???

What are the fundamentals for lead that seem to be leading to lower prices in lead? Lead was at a 2 year high in February 2011.

I am aware that by next year, copper may start dropping in price, well below the Rs 400 level.

 

[Rajeevji]

dear cotton ,due to high voletility at present i am out of all five mini lots,my position at present is nil,due to at once fall in gold which they gave with in few minuts.i decided to close all my positions,i will re open them on monday around 12 o clock when consolidation will be over

Dear Ashwani,

Often you have said: "due to high volaitlity I out of market."

I trying to backtest some support & reistance lines, I am finding that sometimes the prices mover in a serpentine fashion around these lines. Result is that frequency of trading increases and gains are lower.

Any suggestions on what can be called "high" volatility during which we should keep out?

regards

Rajeev

 

[ashwani chadha]

Dear Ashwani,

Often you have said: "due to high volaitlity I out of market."

I trying to backtest some support & reistance lines, I am finding that sometimes the prices mover in a serpentine fashion around these lines. Result is that frequency of trading increases and gains are lower.

Any suggestions on what can be called "high" volatility during which we should keep out?

regards

Rajeev

dear rajeev,we never fear from voletility,it is a main part of trading game
suppose voletility is there with trending market as it was in last few days,in lead/zink/silver/gold(we earn good amount by holding these moves from lower support AND NOT SQUARING UP FOR SEVERAL DAYS
now suppose voletility is there,coupled with range bound market,as in last few days, it was in aluminium:then we will buy at lower support and sell it at upper resistance ON DAY TO DAY BASIS:in this case profit will be more then first case of trending market,as here we will cash the full voletility both side.
still i closed all the trades,as far as lead /zink/alluminium is concerned,i have given all the detail in my previous posts and my all perdicitions proved right,as they all open gap down on saturday,i was very much sure that all will open gap down.reason of closing i have already given in my previous post.
NOW I WAS HOLDING LONG IN GOLD/SILVER BOTH;MOMENTUM OF BOTH WAS VERY STRONG
THE FIRST FACT IS OUT OF 3K INTRADAY PROFIT , I LAST 2K AND JUST CATCH ONE K AND REST VANISH WITH IN NO TIME IN GOLD
AND IN SILVER OUT OF 2500 POINTS I JUST CATCHED 1000 AND REST ALL VANISH WITH IN NO TIME---THIS EXTRA ORDINARY FALL WAS LESS A PART OF TECHNICALS AND MORE A PART OF MANIPULATION-IT HAPPENED BEFORE SIX WHEN INTERNATIONAL MARKET WAS NOT OPENED-STILL CREATED UNCERTAINTY BY MANIPULATERS AT NATIONAL LEVAL
AND NOW PERFECT ANSWER TO YOUR QUESTION:IT IS NOT THE VOLETILITY FROM WHICH WE FEAR,BUT IT IS UNCERTAINTY OF TREND, THAT ON WHICH SIDE, THE TRADES WILL OPEN NEXT MORNING, FROM WHICH WE FEAR.
IN THAT CASE IF WE WILL STILL CARRY TRADE FOR NEXT DAY,IT MEANS WE ARE NOW NOT TRADING BUT GAMBLING(MAY WIN ARE MAY LOOSE BOTH 50/50 CHANCE)BUT WE ARE NOT GAMBLERS WE ARE JUST TRADERS
WE SHOULD CARRY A TRADE ,FOR NEXT DAY,IF OVER ALL PROBABILTY, IS IN OUR FAVOUR, NOT FIFTY FIFTY, IF FITY FIFTY ,CLOSE THE TRADES, DONT GAMBLE-THAT IS WHY I CLOSED ALL THE FIVE TRADES( i used the world voletilty for high voletility in above post)