how much return you expect from commodity market

[hawaisanjay]

Just started studying commodities..I found this..bearish WW ?

 

[ashwani chadha]

Hello Ashwani Sir,

your view on following chart of copper daily for chances of "Triangle Breakout" and possible next direction: UP or Down? When it can happen next 10 days or 20 days or ..?

when we reach at the end of this break out.it can take turn on both side,it is utilized with both side buy and sell trigger,one to be deleted later

 

[ashwani chadha]

Just started studying commodities..I found this..bearish WW ?

in previous post i have given the answer of this triangle wedge.so you can not claim it to be a bearish .but it can move on both side at the end

 

[Klewtar]

@Ashwani, resistance for lead on Monday seems to be 108.23 for April contracts.

If resistance is broken, I go long at 108.4 and if resistance is preserved, I short at 108.05?

 

[ashwani chadha]

@Ashwani, resistance for lead on Monday seems to be 108.23 for April contracts.

If resistance is broken, I go long at 108.4 and if resistance is preserved, I short at 108.05?

resistance for lead April future you gave is app.ok ,as per my system it is 107/95.AND EOD SUPPORT IS 106/65
but use kst at end of day bar and you will find that trend at eod as per kst is clear short
so you should look for opportunity,to go short in lead around 108/-and avoid long or go long with very stick and very small stop loss
SECOND THING YOU HAVE TO KEEP IN MIND
WEEKLY RESISTANCE 110/40
WEEKLY SUPPORT 105/65
FOR SHORT BETTER STRATEGY WILL BE,GO SHORT DURING THE WEEK,WHEN PRICE COME CLOSE TO 110 FOR A TARGET OF 105/65
AND GO LONG AROUND 106 DURING THE WEEK FOR A TARGET OF 110
IF YOU WILL WATCH ALL THE TRADE,WITH THIS POINT OF VIEW ,EVEN THEN ,YOU WILL GET A TRADE
YOU CAN DISCUSS VARIOUS EOD/WEEKLY SUPPORT AND RESISTANCE LEVEL WITH ME WHERE AT DOUBT

 

[ashwani chadha]

resistance for lead april future you gave is app.ok ,as per my system it is 107/95.and eod support is 106/65
but use kst at end of day bar and you will find that trend at eod as per kst is clear short
so you should look for opportunity,to go short in lead around 108/-and avoid long or go long with very stick and very small stop loss
second thing you have to keep in mind
weekly resistance 110/40
weekly support 105/65
for short better strategy will be,go short during the week,when price come close to 110 for a target of 105/65
and go long around 106 during the week for a target of 110
if you will watch all the trade,with this point of view ,even then ,you will get a trade
you can discuss various eod/weekly support and resistance level with me where at doubt

long is initiated when lower resistance is broken
not when upper resistance is broken and 107/95 is upper resistance,not lower resistance

 

[ashwani chadha]

long is initiated when lower resistance is broken
not when upper resistance is broken and 107/95 is upper resistance,not lower resistance

lower resistance in lead april was broken on 16/3 at 106/55 and its stop loss of long is slightly below 106/10
it means if you want to go long then you would have gone on friday or sat it self at 106/55 or 107/10,with a stop loss of 106/10 for first target of 108/-
around 108 if it show strong ness on monday.it can be carried ,if show week ness ,then long would have been closed ,with nominal profit of 1000 approx.

 

[hawaisanjay]

This thread completes 500 pages,congrats!!

 

[ashwani chadha]

this thread completes 500 pages,congrats!!

thank you very much hawaisanjay for keeping such a close track of work done at this thread,even i did not noticed it.i also congratulate to all the contributors of this thread,with the help of all of them ,it became possible !!!!

 

[ashwani chadha]

resistance for lead april future you gave is app.ok ,as per my system it is 107/95.and eod support is 106/65
but use kst at end of day bar and you will find that trend at eod as per kst is clear short
so you should look for opportunity,to go short in lead around 108/-and avoid long or go long with very stick and very small stop loss
second thing you have to keep in mind
weekly resistance 110/40
weekly support 105/65
for short better strategy will be,go short during the week,when price come close to 110 for a target of 105/65
and go long around 106 during the week for a target of 110
if you will watch all the trade,with this point of view ,even then ,you will get a trade
you can discuss various eod/weekly support and resistance level with me where at doubt

on every saturday weekly bar completes,last saturday i gave weekly support and resistance level of base metal pack,but shortly i realized that response to these levels was negligible.
I will try to explain ,what these level mean for us during trading-to be continued