how much return you expect from commodity market

[ashwani chadha]

according to me nickel is most volatile and i always feel difficulty to handle .where to enter and exit

one:as per my experience,out of the nine it is easy to handle base metal pack,it trades in momentum through out the year.so copper/nickel/lead/zink/aluminum should be first priority for newbie
twout of base metal aluminum is manipulators favorite, so in base metal most difficult is aluminum
three:most difficult is natural gas:its gap up and gap down opening are uncontrollable
four:most volatile is silver:so difficult to handle
five:minimum volatile is gold,we can handle it with just .5% stop loss,rest all the eight require ne % initial stop loss
SIX:and fastest paying commodity is crude oil if one can handle it
one single lot of crude oil can give more profit then,seven mini lot of base and precious metal
but we will take decision at viewers choice

 

[Tradejack]

ashwani ji,i am a day trader in mcx./ncdex i usually trade in mini lots of metals.cardamom and soyabean .mostly i work on momentum calls those r given by my broker(karvy).my success percentage is 75 percent.i also trade by making position for till the day end.

 

[Tradejack]

ashwani ji,i am a day trader in mcx./ncdex i usually trade in mini lots of metals.cardamom and soyabean .mostly i work on momentum calls those r given by my broker(karvy).my success percentage is 75 percent.i also trade by making position for till the day end.

but day positional trade i do not feel comfortable.i l explain u an example .one day after my study and mybroker and many others recommandation i short zinc at 104 sl 105 for tgt 102 .30.but when price when 103.20 mkg going up again i felt that was the lowest level for zinc.i wait for next 10min.but i close my position @103.60..and sleep but next morning i found price gone to 102.35 .i felt frustrated.

 

[Tradejack]

ashwani ji by above example i want to say that most of the time technical levels support n resistance are seen in day trade. But when i sit in front of screen emotion -fear do not control by me.thats why i always close my position with less profit or with loss. Please suggest me what is wrong with my trading.i rely on technicals. Should everyone rely on technicals?also tell me that support and resistance always seen till eod.

 

[ashwani chadha]

but day positional trade i do not feel comfortable.i l explain u an example .one day after my study and mybroker and many others recommandation i short zinc at 104 sl 105 for tgt 102 .30.but when price when 103.20 mkg going up again i felt that was the lowest level for zinc.i wait for next 10min.but i close my position @103.60..and sleep but next morning i found price gone to 102.35 .i felt frustrated.

in this example you did one mistake,once you have taken a trade at some one recommendation to whom you rely ,normally they don't trail your stop loss,best way is to trail the stop loss till you don't get a perfect exit set up.
BUT IN ABOVE CASE,AS YOU WERE NOT TRAILING YOUR STOP LOSS,BEFORE GOING TO SLEEP,WHEN YOU FEEL FEAR(FEAR IS A COMPULSORY PART OF TRADING,INITIALLY YOU CAN NOT AVOID IT,SO YOU ARE NOT AT FAULT)you were suppose to shift your stop loss to break even,rather then closing the trade,then next morning every thing would have been fine.
RULE IS :ONCE YOU HAVE A FREE TRADE,IT MEANS YOU HAVE SHIFTED YOUR STOP LOSS TO BREAKEVEN AND NOW YOUR TRADING CAPITAL IS SAFE .AFTER THAT YOU SHOULD ALWAYS BE FEARLESS!!!!!

 

[Tradejack]

in this example you did one mistake,once you have taken a trade at some one recommendation to whom you rely ,normally they don't trail your stop loss,best way is to trail the stop loss till you don't get a perfect exit set up.
BUT IN ABOVE CASE,AS YOU WERE NOT TRAILING YOUR STOP LOSS,BEFORE GOING TO SLEEP,WHEN YOU FEEL FEAR(FEAR IS A COMPULSORY PART OF TRADING,INITIALLY YOU CAN NOT AVOID IT,SO YOU ARE NOT AT FAULT)you were suppose to shift your stop loss to break even,rather then closing the trade,then next morning every thing would have been fine.
RULE IS :ONCE YOU HAVE A FREE TRADE,IT MEANS YOU HAVE SHIFTED YOUR STOP LOSS TO BREAKEVEN AND NOW YOUR TRADING CAPITAL IS SAFE .AFTER THAT YOU SHOULD ALWAYS BE FEARLESS!!!!!

aswani ji if u were there rather than me .what was ur trading?

 

[trade1111]

COPPER FAST ACCUMLATION DISTRIBUTION CASE THREE now i am going to tell,how big guys are moving copper currently in a range bound process using mathematical support system, as copper is in long term bull trend, so we will consider only long positions & will not take short positions.8/2 long 453/80 sq up 8/2 458 profit 4200 move two long 9/2 455/60 sq up 9/2 458/30 profit 2700 move three long 9/2 454/00 sq up 10/2 458 profit 4000/-move four 10/2 long 454/30 sq up11/2 458/50 profit 4200/- move five long 11/2 454/30 fifth long move is still open total profit of one to four move 15100/- so copper is being moved in between 454 to 459 & money is being built by big guys.

Dear ashwani chada ,Was 453 the target for going long?? Because , I short copper yesterday at 406[ feb]..Thinking it is in downtrend ..I will place sl at 407 ..Is this alright?Kindly advise me ,on how to go about and Is copper weak or not .??Thank you

 

[ashwani chadha]

Dear ashwani chada ,Was 453 the target for going long?? Because , I short copper yesterday at 406[ feb]..Thinking it is in downtrend ..I will place sl at 407 ..Is this alright?Kindly advise me ,on how to go about and Is copper weak or not .??Thank you

TRADING CAN BE DONE IN TWO WAYS
ONE:INDICATOR BASED TRADING(MOST POPULAR INDICATOR IS RSI FOR INDICATOR BASED TRADING-i use it for taking second view
TWORICE ACTION BASED TRADING
IN MOMENTUM--INDICATOR BASED TRADING IS MORE SUCCESSFUL
IN RANGE BOUND MARKET---PRICE ACTION BASED TRADING IS MORE SUCCESSFUL
I AM A PRICE ACTION TRADER NOW-basic tool of price action trading is support and resistance
IF EOD LOWER RESISTANCE WILL BREAK WE WILL GO LONG EVEN IF INDICATOR BASED TRADER OR ON SHORT SIDE
ON 16 FEB IN COPPER PRICE CLOSED ABOVE SHORT AROUND 414 SO I WAS GONE LONG.BUT NEXT DAY I CLOSED LONG AT PAR(IT WAS A PART OF PRICE ACTION TRADING)
TILL SATURDAY COPPER IS IN CLEAR SHORT TREND
BUT STOP LOSS OF PRICE ACTION BASED TRADER IS 419/80 HIGH OF SATURDAY EOD BAR
AND PROTECTIVE STOP LOSS OF INDICATOR BASED TRADER IS UPPER RESISTANCE 419/80+VALUE OF ONE MOMENTUM WHICH IS 6/20 SO THERE EOD STOP LOSS IS 419/80+6/20=426 RS-
IF SHORT YOU ARE IN TREND BUT YOU ARE TOO LATE THAT YOU CAPITAL IS AT RISK
IN COPPER EOD SHORT WAS OPENED AT 432/10
AND COPPER MAY TAKE REVERSAL ANY TIME,TOMORROW REVERSAL AT FOUR HOUR IS EXPECTED(for end of day trader,this four hour long tradei,may be correction of the long eod move)

 

[trade1111]

TRADING CAN BE DONE IN TWO WAYS
ONE:INDICATOR BASED TRADING(MOST POPULAR INDICATOR IS RSI FOR INDICATOR BASED TRADING-i use it for taking second view
TWORICE ACTION BASED TRADING
IN MOMENTUM--INDICATOR BASED TRADING IS MORE SUCCESSFUL
IN RANGE BOUND MARKET---PRICE ACTION BASED TRADING IS MORE SUCCESSFUL
I AM A PRICE ACTION TRADER NOW-basic tool of price action trading is support and resistance
IF EOD LOWER RESISTANCE WILL BREAK WE WILL GO LONG EVEN IF INDICATOR BASED TRADER OR ON SHORT SIDE
ON 16 FEB IN COPPER PRICE CLOSED ABOVE SHORT AROUND 414 SO I WAS GONE LONG.BUT NEXT DAY I CLOSED LONG AT PAR(IT WAS A PART OF PRICE ACTION TRADING)
TILL SATURDAY COPPER IS IN CLEAR SHORT TREND
BUT STOP LOSS OF PRICE ACTION BASED TRADER IS 419/80 HIGH OF SATURDAY EOD BAR
AND PROTECTIVE STOP LOSS OF INDICATOR BASED TRADER IS UPPER RESISTANCE 419/80+VALUE OF ONE MOMENTUM WHICH IS 6/20 SO THERE EOD STOP LOSS IS 419/80+6/20=426 RS-
IF SHORT YOU ARE IN TREND BUT YOU ARE TOO LATE THAT YOU CAPITAL IS AT RISK
IN COPPER EOD SHORT WAS OPENED AT 432/10
AND COPPER MAY TAKE REVERSAL ANY TIME,TOMORROW REVERSAL AT FOUR HOUR IS EXPECTED(for end of day trader,this four hour long tradei,may be correction of the long eod move)

Thank you ashwani chadha ,From your kind reply, i understand ,my action to take short in copper was price action based ..and also understand , i may have four hours initially ,to cover the short ,as end of it may be reversal..
I would like proceed further , if i may..with one more question,..That is Can i go long in zinc ..How to know the reversal of trend ,in advance ,is it possible ?
Thank you

 

[ashwani chadha]

but day positional trade i do not feel comfortable.i l explain u an example .one day after my study and mybroker and many others recommandation i short zinc at 104 sl 105 for tgt 102 .30.but when price when 103.20 mkg going up again i felt that was the lowest level for zinc.i wait for next 10min.but i close my position @103.60..and sleep but next morning i found price gone to 102.35 .i felt frustrated.

i am giving detail of FEB Zink LAST SHORT OPTIMUM TRADE WHICH IS STILL OPEN FOR YOUR REFERENCE
DATE 10TH FEB---TIME 12 AM--SHORT OPEN WITH THE HELP OF ONE HOUR TIME FRAME AT 105/85-INDICATOR USED FOR HELP FOR TAKING END OF DAY TRADE WAS RSI
DATE 17TH FEB--SATURDAY LAST TRADING DAY-AS THERE WAS NO WHIPSAW EVEN AT SWING TIME FRAME TO CLOSE SHORT-SO SHORT IS STILL OPEN TILL SATURDAY-WHEN ZINK CLOSED AT 96/85
ONCE YOU WERE IN TRADE YOU WERE SUPPOSED TO SHIFT AT FOUR HOUR TIME FRAME
IN THAT CASE JUST WITH THE HELP OF FOUR TIME FRAME WITH RSI AS YOUR INDICATOR,YOU WERE GOING TO CLOSE YOUR TRADE AT 98/40 AT 11.55 PM ON 16TH FEB WITH A GAIN OF FEW THOUSAND RS!!!!