how much return you expect from commodity market

[hills_5000]

Thanks sir...just came in. Price already at 51250 levels after making a high of 51507. Sir , pivot resistance is the pivot point or the first resistance ?

Thanks

51750-pivot resi/50950-lower support for 3/10 tentative approx

 

[Niranjana]

Bulls have steadily progressed so far.2 hour chart.

Stoch making higher lows showing a bit of strength.If the friday is not repeated then I will be very happy.

 

[Niranjana]

Remote action.Area "A" is consolidation.Area "B" is where beers have spoiled the party.

Now again area "C" is consolidation. No idea as to what beers are planning now?

 

[ravinder0509]

Niranjana...are you in position in silver or what level you are watching to take position.

 

[Niranjana]

Niranjana...are you in position in silver or what level you are watching to take position.

Hi Ravinder,

I am long since 52300 .I was bit late as today again I have faced issues with my net connectivity.

I am trying to trade at Ashwani Sir's pivot levels .However due to one or the other reason I am missing it.

 

[ravinder0509]

and what is your stop

 

[Niranjana]

and what is your stop

Naturally just below 51750 as Pivot Res specified by Ashwani sir now becomes support.Since silver has not yet broken its range I am not taking any high risk trade. I.e:Not risking anything above 800 points.

 

[Niranjana]

The bar I have marked is called "momentum bar".The bar which has volume showing strength of a party and the bar having wide range.

The event in this case is breaking the range.Now bulls have created momentum in their favour. For the bears to turn momentum in their favour they have to break the low o this bar.

This is what I learnt how pro's trade this.They wait for momentum.They wait for the opposite party to react.If opposite party fails to react they go with the party who created momentum in this case bulldozers.In case the opposite party breaks the low of momentum bar they o short..

Vice versa in case of beers creating momentum bar.

Now bulldozers have to follow up.that is they need to have consecutive volumes to maintain this momentum.

Sir please advice whether my understanding is correct.The above is 15 Min chart.

 

[ashwani chadha]

Thanks sir...just came in. Price already at 51250 levels after making a high of 51507. Sir , pivot resistance is the pivot point or the first resistance ?

Thanks

pivot support or resi can not be more then one,but support can be several and resi can be several

 

[ashwani chadha]

Bulls have steadily progressed so far.2 hour chart.

Stoch making higher lows showing a bit of strength.If the friday is not repeated then I will be very happy.

on sat closing at one hour silver was long but now after six looks week let us see what happen