how much return you expect from commodity market

[nicktrader]

Hello Ashwaniji,

I was going through 5H charts on Silver,Gold and copper and simultaneusly looking at the RSI, So wanted to ask do u base ur trade on RSI alone or support and resistance also. I was backtesting dis trade based on RSI on 5H charts for d base metals and found it quite profitable.

Your views...

 

[Tradejack]

ashwani ji ,
i am following your 5 hr,eod chart indicator based trading and happy to see profit is coming. thank you very much for giving me such idea that works.

i want to ask you that when i am watching diffferent TF live charts of silver on forex pro . rsi reading in 5hr and eod is around 63-64,but in 1 hr chart it is around 77, i am seeing it last 3 hrs .when reading goes to 78 and more silver come down little upto rsi 74- 73-72 and after again pick up and goes to up when rsi will be around again 77-78 .

my question is this is happening bcoz silver goes to overbought zone then little selling comes . and after that again buying comes. bcoz 5hr /eod are not in overbought zone? please clarify

 

[ashwani chadha]

hello ashwaniji,

i was going through 5h charts on silver,gold and copper and simultaneusly looking at the rsi, so wanted to ask do u base ur trade on rsi alone or support and resistance also. I was backtesting dis trade based on rsi on 5h charts for d base metals and found it quite profitable.

Your views...

first five hour time frame with rsi is best time frame to trade indian market,which run for 14 hour and first one hour carry eleven hour data.keeping this thing in mind .i have finalised 5 hour time frame
i use this time frame with the help of ,rsi as indicator just for entry at end of day time frame.
At end of day time frame i am taking position with the help of support and resistance.but independently for swing trading five hour will work much better then four hour

 

[trade1111]

it means to day you are having zink,tomorrow,we will add say lead and trail zink also with trailing stop loss
day after tomorrow we will add gold and will trail zink lead also with trailing stop loss
in this way ultimately with in month ,of various problems ,which we will face day to day ,we will be holding all the eight positions9you can not repeat zink but you will add other lots)
TO DAY YOU CAN GO A HEAD FOR GOLD GUNIA 2/3 LOTS OR ONE SILVER MICRO AT CURRENT PRICE-AS STOP LOSSES ARE STILL TOLERABLE AND YOUR POSITION IS IN GOOD PROFIT

Thank you so very much. This manner of trading ,in a methodical way , sounds very exiting. I have placed a buy order for gold gunea march at a lower level.. of 22500 ..As the price i entered in zinc march was 100.10 .. am being careful.if it goes thr' fine if not there is always another trade for tomorrow.

 

[ashwani chadha]

ashwani ji ,
i am following your 5 hr,eod chart indicator based trading and happy to see profit is coming. Thank you very much for giving me such idea that works.

I want to ask you that when i am watching diffferent tf live charts of silver on forex pro . Rsi reading in 5hr and eod is around 63-64,but in 1 hr chart it is around 77, i am seeing it last 3 hrs .when reading goes to 78 and more silver come down little upto rsi 74- 73-72 and after again pick up and goes to up when rsi will be around again 77-78 .

My question is this is happening bcoz silver goes to overbought zone then little selling comes . And after that again buying comes. Bcoz 5hr /eod are not in overbought zone? Please clarify

your thinking is right,rule is small time frame will always be beaten by large time frame.that is why we use eod time frame and takes help of five hour time frame,for entry only

 

[ashwani chadha]

thank you so very much. This manner of trading ,in a methodical way , sounds very exiting. I have placed a buy order for gold gunea march at a lower level.. Of 22500 ..as the price i entered in zinc march was 100.10 .. Am being careful.if it goes thr' fine if not there is always another trade for tomorrow.

now your thinking is in right direction !!!

 

[nicktrader]

first five hour time frame with rsi is best time frame to trade indian market,which run for 14 hour and first one hour carry eleven hour data.keeping this thing in mind .i have finalised 5 hour time frame
i use this time frame with the help of ,rsi as indicator just for entry at end of day time frame.
At end of day time frame i am taking position with the help of support and resistance.but independently for swing trading five hour will work much better then four hour

At end of day TF means daily right??? and i rather look at internationl 5H rate than indian 5h market rate is it wise to do???

 

[trade1111]

now your thinking is in right direction !!!

THANK YOU . For the kind encouragement. I am watching zinc ..in 4hr TF the stoch is about to cross over and will% is at days high .. May be i would have to cover from zinc for now ..to be on the safer side and enter again tomorrow noon as morning hours am away..

 

[ashwani chadha]

now your thinking is in right direction !!!

now try to under stand ,what i am going to explain
to day i added four positions one after the other
when my first position was in 1000 profit then i added second
when first+second jointly were in profit of 2000/-then i added third
and when first+second+third jointly were in profit of 3000/- then i added the fourth
in stead of adding four positions, through out day risk of loosing capital ,was never more then 1000/-
this is the right way of money management
(cost accountants are paid just for their money management skills)

 

[ashwani chadha]

at end of day tf means daily right??? And i rather look at internationl 5h rate than indian 5h market rate is it wise to do???

technically at international charts 4-hour will also work