how much return you expect from commodity market

[ashwani chadha]

as a follow up ...It is necessary to know the low and high of the previous day ,and probably the day before too..As I do not have access to eod ,exact data .. It is best to note it down, every day ,before logging of..
The gist' ,of what I have understood so far , Know the high and low of previous day ,and keep track of support and resistance ,while trading each day ..to take note of which ever is broken , to detect the subsequent/follow on , trend , for the next , to contnue with the trade .?

you are right ,but why you don't have access to high low data,they are free at various sights,mcx sight too giver every day.but if you don't have share khan connection

 

[ashwani chadha]

no body can judge,but we follow a specific system of money management,which handle this problem of judgement permanently,will explain on week days

basic money management concept is ,professional has entered at 5 or 10 paisa above 102/95 so around 103/- and are sleeping today with a stop loss of 102/95 ,which is yesterday low,as for them from beginning it is a free trade.
tomorrow morning they will wake up and shift stop loss to today low and after that they will again have a nice sleep for rest of the day-in detail i will explain on week days

 

[ashwani chadha]

basic money management concept is ,professional has entered at 5 or 10 paisa above 102/95 so around 103/- and are sleeping today with a stop loss of 102/95 ,which is yesterday low,as for them from beginning it is a free trade.
tomorrow morning they will wake up and shift stop loss to today low and after that they will again have a nice sleep for rest of the day-in detail i will explain on week days

and from tomorrow onwards ,it will become permanent winning trade for them ,when ever they close it !!!!

 

[ashwani chadha]

and from tomorrow onwards ,it will become permanent winning trade for them ,when ever they close it !!!!

after Feb gold and gold gunia may close on long side on end of day basis today

 

[trade1111]

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

I covered the position at 103.65..I waited for it to break 103.4..it did not seam to..rather than to wait for 104 as stop....decided to exit early..as it was zinc .and not zinc mini"..

 

[ashwani chadha]

I covered the position at 103.65..I waited for it to break 103.4..it did not seam to..rather than to wait for 104 as stop....decided to exit early..as it was zinc .and not zinc mini"..

i think your decision is right,now try to make habit go long from eod support and go short from resistance,you will be comfortable

 

[trade1111]

i think your decision is right,now try to make habit go long from eod support and go short from resistance,you will be comfortable

Am in a quandary here, As zinc closed above the support yesterday ..Would I have done a safe entry , had I bought long' say entered around 103.65 yesterday before close .How is one to be certain, that it may not open gap up the next day?

 

[trade1111]

Am in a quandary here, As zinc closed above the support yesterday ..Would I have done a safe entry , had I bought long' say entered around 103.65 yesterday before close .How is one to be certain, that it may not open gap up the next day?

The reason for this doubt is , because ,it had rallied from the lows of 97.15[feb 17th] .The rally had continued till 106.25 ,but had closed negative at 103.95 on 28th feb .From there ,had slipped to 100.10 [7th march ,and reversed from there to rally on to the levels it is now , to close in red yesterday.Will there be a few more red candles ,before any further rally?
How can one detect this ? Have the RSI and w% ,to be wholly over bought , to turn bearish?

 

[praveen taneja]

after Feb gold and gold gunia may close on long side on end of day basis today

yday was a good trading day for Gold:thumb:

I was long from 27530 and booked in upmove near 28400 and after short covering over it came down and came back to 27650 around and i got back near 27700 its clear uptrend if one observe OI of last three days

 

[ashwani chadha]

yday was a good trading day for Gold:thumb:

I was long from 27530 and booked in upmove near 28400 and after short covering over it came down and came back to 27650 around and i got back near 27700 its clear uptrend if one observe OI of last three days

dear praveen,
i cong you for such a perfect trade in gold,no better handling can be there for gold ,with what perfectness you handled it.
YOU BOUGHT IT FIRST ,FROM ITS END OF DAY SUPPORT OF 27530
AND YOUR DECISION TO GO LONG AGAIN IN IT WAS AT ITS WEEKLY SUPPORT WHICH WAS 27650,AND YOU RE ENTERED IN IT AT 27700,JUST ABOVE WEEKLY SUPPORT.IN THIS TRADE YOU HAVE SECURED TECHNICALLY 100 OUT OF 100 MARKS !!! I AGAIN CONG YOU FOR SUCH A PERFECT TRADE