how much return you expect from commodity market

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trade1111

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#4,951
#4,951
ashwani chadha said:
you wrote gone short in natural gas at 105/20
i am not getting price of 105/20 in last one month in march future ,please mention date of entry and month of contract,so that we can discuss ,natural gas furthur
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Sorry..for the mistake ,while typing the number.It was 115.20.
I have covered positions in NG yesterday . It was very volatile yesterday,and fear got the better of me. However overall have made a gain of rs650 !Which is lot better than ,how i would trade previously.Reading discussions here has helped a lot ,to smother down the anxiety spells!Thank you so very much.
 
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ashwani chadha

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#4,954
#4,954
trade1111 said:
Would kindly like to know,if the trend is still ,negative in zinc .Do the trends change from day to day..?How to know the trend ,on a day to day basis ?I fail miserably ,in detecting the trend.
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one:to day support is 103/40 eod and resistance is 104/75 (end of day)
two:yesterday support was 102/95,so once price touched its support at 102/95,and it reverses from that it became from short to long.
three:eek:nce it became long ,now conservative trader will hold long today with 102/95 as stop loss
four:tomorrow they will hold long with to day low as stop loss
just tell if these four point are clear to you ,then we will discuss further and you can raise further inquiry .once i will receive your reply i will give balance answer
 
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ashwani chadha

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#4,955
#4,955
cotton said:
Ashwani I don't see any clear trend at EOD in any of the base metal..can we shift all our analysis using 4 hr charts...what you say ?
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dear cotton,
not at all four hour,to day i will provide end of day support and resistance of five base metal.
make it a habit,that just take your initial entry from eod support only and then hold it with conservative stop loss of previous day low,you will always be safe .in four hour now,in this volatility you will be caught on wrong side
 
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ashwani chadha

Well-Known Member
#4,957
#4,957
trade1111 said:
Would kindly like to know,if the trend is still ,negative in zinc .Do the trends change from day to day..?How to know the trend ,on a day to day basis ?I fail miserably ,in detecting the trend.
Click to expand...
for the time being zink march future has failed to break its upper resistance of 104/70,if it will fail to break this level again and again ,it will come towards 103/40 which is its support,you have to get rid of it at some,comfortable position
but as you are short now your stop loss for short will be for today--some where around 104/80 which is yesterday high-as price action trader you are on wrong side of the trend
 
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ashwani chadha

Well-Known Member
#4,958
#4,958
ashwani chadha said:
for the time being zink march future has failed to break its upper resistance of 104/70,if it will fail to break this level again and again ,it will come towards 103/40 which is its support,you have to get rid of it at some,comfortable position
but as you are short now your stop loss for short will be for today--some where around 104/80 which is yesterday high-as price action trader you are on wrong side of the trend
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nifty march future
to day support was 5376
long was required to be taken,from 5376 with a stop loss of 5362 which is today low
 
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