how much return you expect from commodity market

[ashwani chadha]

case of lead
dear cotton,one:yesterday stop loss was 105/70 it was hit,so technically trade was closed yesterday
two:at eod closing of lead was in confirmed short trend,so at 11.55 trade was required to be closed ,even if stop loss was not hit yesterday
three:to day green bar is irrelevant,it is just correction of yesterday fall
four:after wide range red bar,as it was on yesterday,momentum may again start next day on long side
five:so if one is comfortable over all,then they save these type of long trade ,with historical stop loss of previous support,here we have opened the move on 3 feb with 104/90 historical stop loss,so if you are still in the trade and overall comfortable,you can hold your long with initial stop loss of 104.90.
Your only mistake is ,your entry in the trade was late

dear cotton ,if tomorrow i will go long in lead ,my stop loss will also be 104/90(which is nearest low)

 

[ashwani chadha]

yes i am holding still..and another mistake was i should have closed the long at 109.00 at 11 am bar..

dear cotton ,now your way of thinking is right,but your this decision that you would have closed at 11 at 109 is wrong
rule one:in commodity market you will use two hour time frame but in stock market you will use one hour time frame for taking help for entry or exit.
Logic one:so at 12 ,it is a green bar in lead so it is clear long you will keep your trade open
logic two:at two and four o clock you can not close your trade as you are end of day price action trader,you will stay with your eod stop loss
logic three:exactly at 6 o clock bar at 108/30 level you were supposed to close your long trade,as rsi at two hour gave sell signal,which tells that traders doing indicator bases trading will built short now and you will be caught at once
so at sharp six this trade was a close for you

 

[ashwani chadha]

ashwani ji what will be next entry level for copper.and one more thing i checked rsi 14 for 5 min 1 hr 5 hr 1 day all are different.which one to follow?

protective stop loss of copper has not hit so far so giving 416/15 as stop loss on monday we will go long from some comfortable position,keeping in mind that copper has not opened gap down badly
just follow end of day time frame

 

[Tradejack]

CASE OF LEAD
dear cotton,one:yesterday stop loss was 105/70 it was hit,so technically trade was closed yesterday
two:at eod closing of lead was in confirmed short trend,so at 11.55 trade was required to be closed ,even if stop loss was not hit yesterday
three:to day green bar is irrelevant,it is just correction of yesterday fall
four:after wide range red bar,as it was on yesterday,momentum may again start next day on long side
five:so if one is comfortable over all,then they save these type of long trade ,with historical stop loss of previous support,here we have opened the move on 3 feb with 104/90 historical stop loss,so if you are still in the trade and overall comfortable,you can hold your long with initial stop loss of 104.90.
YOUR ONLY MISTAKE IS ,YOUR ENTRY IN THE TRADE WAS LATE

how can we decide to enter in trade at right time

 

[ashwani chadha]

how can we decide to enter in trade at right time

if i feel that price has come quite close to eod support and for one mini lot or for one micro lot of silver eod stop loss come close to 1000/- then i will take risk of 1000 and will enter in it,as i prefer to take 5 six mini lot positions at a time so normally if one of the positions is against me it hardly matters and over all risk in all the 4 or 5 positions never exceeds more then 5000/- which is a tolerable loss for every body

 

[cotton]

dear cotton ,now your way of thinking is right,but your this decision that you would have closed at 11 at 109 is wrong
rule one:in commodity market you will use two hour time frame but in stock market you will use one hour time frame for taking help for entry or exit.
Logic one:so at 12 ,it is a green bar in lead so it is clear long you will keep your trade open
logic two:at two and four o clock you can not close your trade as you are end of day price action trader,you will stay with your eod stop loss
logic three:exactly at 6 o clock bar at 108/30 level you were supposed to close your long trade,as rsi at two hour gave sell signal,which tells that traders doing indicator bases trading will built short now and you will be caught at once
so at sharp six this trade was a close for you

Thanks Ashwani for such a nice explanation..

 

[ashwani chadha]

Thanks Ashwani for such a nice explanation..

i would like to clear that Saturday is considered,basically a non trading day.
very rarely major move develop on Saturday
normally Saturday move are part of Friday correction on either side
or if some extraordinary development regarding price HAPPENS in international market , FRIDAY night ,then its impact come on Saturday.
so we don't change our trailing stop loss on the basis of Saturday closed eod candle
SO FOR MONDAY THE TRAILING STOP LOSS WHICH I WORKED OUT ON FRIDAY
CLOSING BASIS ,WILL BE USED AND WE WILL NOT REVISE THEM ON SATURDAY

 

[ashwani chadha]

good morning to every body,
nifty support yesterday ----------------------------------------------5316
less value of one momentum--------------------------------------------38
trailing stop loss for to day--------------------------------------------5278
as trade is going against us so value of momentum has increased from 23 to 38 points
since 5278 is just protective stop loss ,although it is below previous day stop loss,still we will use it
OUR REAL TRAILING STOP LOSS IS, LAST END OF DAY BAR CLOSING BELOW SUPPORT.HENCE PRICE SHIFTED TO CONFIRMED SHORT TREND AND IN THAT CASE THIS SUPPORT WILL BECOME RESISTANCE FOR US.AND WE WILL CLOSE OUR LONG TRADE AT 3.25 PM TO DAY.BUT JUST TRADE WILL CLOSE AND WE WILL NOT GO SHORT.BUT WE WILL WAIT TO GO SHORT AT THE NEXT TRADE SET UP TO GO SHORT IN NIFTY
HAPPY TRADING TO DAY

ASHWANI CHADHAEPTH OF TECHNICAL:NIFTY FEB FUTURE:CONCEPT OF SAR(stop and reverse)
this post which i am giving may not be useful for newbie,but it will be useful for those at least who are regular viewer of my thread since long and who are also aware that i am also having one thread in FOREX SECTION
(HOW MUCH RETURN YOU EXPECT FROM FOREX MARKET)-TO BE CONTINUED

 

[ashwani chadha]

ASHWANI CHADHAEPTH OF TECHNICAL:NIFTY FEB FUTURE:CONCEPT OF SAR(stop and reverse)
this post which i am giving may not be useful for newbie,but it will be useful for those at least who are regular viewer of my thread since long and who are also aware that i am also having one thread in FOREX SECTION
(HOW MUCH RETURN YOU EXPECT FROM FOREX MARKET)-TO BE CONTINUED

TECHNICAL WHICH I USE ,TO ANALISE FOREX PAIR ARE DIFFERENT FROM TECHNICAL WHICH I USE TO ANALYZE STOCK AND COMMODITY MARKET
BASIC REASON FOR THIS DISTINCTION IS ,DIFFERENCE IN LEVEL OF VOLUME
AS NO BODY CAN MANIPULATE PRICE OF FOREX PAIRS,SIMILARLY NIFTY IS THE ONLY ONE TRADING INSTRUMENT,FROM INDIAN MARKETS TO WHICH, NO BODY CAN MANIPULATE.
SO TO DAY I WILL ANALISE NIFTY CURRENT STATUS,AT GCI PLATE FORM,AS PER TECHNICAL PERIMETERS ,WHICH I USE FOR FOREX-to be continued

 

[ashwani chadha]

technical which i use ,to analise forex pair are different from technical which i use to analyze stock and commodity market
basic reason for this distinction is ,difference in level of volume
as no body can manipulate price of forex pairs,similarly nifty is the only one trading instrument,from indian markets to which, no body can manipulate.
So to day i will analise nifty current status,at gci plate form,as per technical perimeters ,which i use for forex-to be continued

viewers of this thread are aware that i reduce one momentum from lower support,to reach at my trailing stop loss.
Reason of just giving one momentum below lower support,which is app equal to .35 atr (quite small in value)is ,any body can manipulate value of commodity during day,so i am using this small trailing stop loss to protect the position from manipulators-to be continued