how much return you expect from commodity market

[Tradejack]

Quote:
Originally Posted by ashwani chadha
your first step don't use macd
second step don't mix price action with indicator based trading,remove moving averages just use rsi and at this level do indicator based trading only
now again tell what your chart are saying




ok ashwani ji ,
in daily chart-ma(10) is above ema(20) means bullish,but rsi14 is below than ma(9) means bearish.
in 5 hrs chart-ma(10) is below means bearish,but rsi14 yet to cross ma(9) means price may go up.

rsi 14-41.8827 means oversold in 5 hrs chart,rsi 14-46.0271 means may go down little further

plaese correct me if were wrong. actully i feel that both pattern contradict each other ,please explain what exactly mean

 

[trade1111]

zink five hr expect to close long
range 96/60 ---97/50

Does this message mean that it will close high or ,does it mean we should close if holding long ...?want to enter long ...but not a good day today..before close?

 

[ashwani chadha]

Quote:
Originally Posted by ashwani chadha
your first step don't use macd
second step don't mix price action with indicator based trading,remove moving averages just use rsi and at this level do indicator based trading only
now again tell what your chart are saying




ok ashwani ji ,
in daily chart-ma(10) is above ema(20) means bullish,but rsi14 is below than ma(9) means bearish.
in 5 hrs chart-ma(10) is below means bearish,but rsi14 yet to cross ma(9) means price may go up.

rsi 14-41.8827 means oversold in 5 hrs chart,rsi 14-46.0271 means may go down little further

plaese correct me if were wrong. actully i feel that both pattern contradict each other ,please explain what exactly mean

for going long at eod .we can just take help of 5 hour rsi
at five hour signal will come before eod but to take trade at right time this cont trade is taken at five hour although little bit risky

 

[ashwani chadha]

Does this message mean that it will close high or ,does it mean we should close if holding long ...?want to enter long ...but not a good day today..before close?

this message say in this range we can go long but may be to day or tomorrow or day after tomorrow,when we feel that now consolidation is over and trend is appp long

 

[trade1111]

this message say in this range we can go long but may be to day or tomorrow or day after tomorrow,when we feel that now consolidation is over and trend is appp long

THANKS A LOT .. even the price action [along with rsi] appears to suggest so.. been noticing it is in this range for 2 days now..THANK YOU SO VERY MUCH , for the clarification .

 

[trade1111]

zink five hr expect to close long
range 96/60 ---97/50

One doubt .. for not having taken long today was .. because the spot price of zinc had closed at 96...not necessary trade in same line ..it can vary ?Thank you

 

[ashwani chadha]

THANKS A LOT .. even the price action [along with rsi] appears to suggest so.. been noticing it is in this range for 2 days now..THANK YOU SO VERY MUCH , for the clarification .

now you are perfect !!!!
rsi is indicator based trading
and range mean one is five hour support and other is five hour resistance-this is part of price action

 

[ashwani chadha]

One doubt .. for not having taken long today was .. because the spot price of zinc had closed at 96...not necessary trade in same line ..it can vary ?Thank you

normally it takes five days before the end of day reversal is complete.
now we are in the mid of base metal pack reversal on long side
most difficult part is to open and then to save these positions,till the reversal is not over.AFTER THAT WE JUST LOCK SOME PROFIT EVERY DAY,TILL RE -REVERSAL DON'T COME
THIS REVERSAL IS HAPPENING OF 10TH FEB LONG TRADES OF BASE METAL PACK

 

[ashwani chadha]

nifty feb fut support----------------------------------------------5513
value of one momentum-------------------------------------------58
trailing stop loss for today-----------------------------------------5455
their was some fault in opening data of nifty,but system has increases the
momentum automatically ,to handle that fictitious data due to some single small trade in the morning

 

[ashwani chadha]

nifty feb fut support----------------------------------------------5513
value of one momentum-------------------------------------------58
trailing stop loss for today-----------------------------------------5455
their was some fault in opening data of nifty,but system has increases the
momentum automatically ,to handle that fictitious data due to some single small trade in the morning

nifty swing support,if fall in nifty come then from 5560 nifty feb future should take again reversal on long side,this buying level can also be used for intraday trading in nifty Feb fut