how much return you expect from commodity market

[ashwani chadha]

Sir,

Even I felt bears have taken over .Tweezer top at fridays momentum bar opening.Gone short with just one micro lot at 52850.Very low risk trade.

This trade is apart from my system trade. Nothing to do with 2 hour TF system trade.

at eod bulls are in upper hand,they will stop at 52250-300 zone and if fail then 51400-500 zone
eod resi is 53088,where bear will take action

 

[Niranjana]

eod tentative pivot support will come around 52250

Both ground umpire and 3rd umpires are against me

 

[Niranjana]

I have observed that 50% retracement is very common in commodities.This may be another case.

Last weekly inside green bar also will be a good sin for bulls. Now the key for bulls is to break the top of friday's momentum bar.Thats where beers will come with another round of sell orders.

 

[Niranjana]

As per hourly chart bulls are strong as told by sir.

3 EMA is on top of 15 EMA and the price is touching 3ema and bouncing.Beers can be considered as strong once they close hourly candle below 3 and 15 EMA.

Now both the parties are firing at each other in no mans land. I am stuck in between them at 52850:lol:

 

[Niranjana]

5 MIN TF trarding needs highly flexible attitude and quickness.Hence everyone cannot trade it. New traders should never try 5 Min trading.In this TF we lose some we win some. The only factor that favours us is RISK REWARD.

Here is how I gauge support. 3 times price bouncing from same level. Its applicable only for 5 Min TF.

 

[Niranjana]

same time look at 2 hour chart. 0-12 o clock bar closed above 3 & 15 .Now next candle is getting support by touching 3

 

[ashwani chadha]

5 MIN TF trarding needs highly flexible attitude and quickness.Hence everyone cannot trade it. New traders should never try 5 Min trading.In this TF we lose some we win some. The only factor that favours us is RISK REWARD.

Here is how I gauge support. 3 times price bouncing from same level. Its applicable only for 5 Min TF.

very good reading!!!

 

[ashwani chadha]

same time look at 2 hour chart. 0-12 o clock bar closed above 3 & 15 .Now next candle is getting support by touching 3

for the time being looking strong and once successfull in breaking eod resistance 53195

 

[ashwani chadha]

for the time being looking strong and once successfull in breaking eod resistance 53195

bears are trying to stop price at these levels

 

[apradhan]

As per hourly chart bulls are strong as told by sir.

3 EMA is on top of 15 EMA and the price is touching 3ema and bouncing.Beers can be considered as strong once they close hourly candle below 3 and 15 EMA.

Now both the parties are firing at each other in no mans land. I am stuck in between them at 52850:lol:

Ashwani sir or Niranjanji pls explain how to use EMA and RSI as a indicator in taking entry and exit decisions and detecting the change in trend.