how much return you expect from commodity market

[ashwani chadha]

zink resistance 104/40

lead resistancec106/60

 

[sanjivdhir]

Chadha saab.......what are UR views on gold.....short term and long term

 

[ashwani chadha]

Chadha saab.......what are UR views on gold.....short term and long term

trend in gold is long,you can go long in gold as and when you get chance to go long in gold near to day low,with a very stick stop loss of to day low.
even if your stop loss hit, you will again go long at what level you will enter ,i will give these level once market will open tomorrow

 

[ashwani chadha]

trend in gold is long,you can go long in gold as and when you get chance to go long in gold near to day low,with a very stick stop loss of to day low.
even if your stop loss hit, you will again go long at what level you will enter ,i will give these level once market will open tomorrow

gold end of day support 27720
gold intraday support 27760
value of one momentum 140 point
so with stop loss of one momentum below end of day support,one can go long from some where in between end of day and intraday support

 

[trade1111]

very very important rule of end of day trading
--------------------------------------------
suppose end of day indicator based trader are short,(by indicator i just mean RSI)
AND EOD PRICE ACTION BASED TRADER ARE LONG(BY PRICE ACTION BASED TRADER I MEAN ,WHO TRADE ON THE BASIS OF JUST SUPPORT AND RESISTANCE)THEN POWER OF PRICE ACTION TRADER,TO CARRY A TRADE ON LONG SIDE IS LIMITED UP TO END OF DAY UPPER RESISTANCE.
AT THIS LEVEL PRICE ACTION BASED TRADER,WILL BE STOPPED BY INDICATOR BASED TRADER NINE OUT OF TEN TIME.
IN LAST 15 DAYS,INTRADAY MOVEMENT IN NIFTY in three days WAS OF 100 TO 300 POINT,INCLUDING BUDGET DAY,
AND ALL THE THREE TIME NIFTY REVERSED FROM END OF DAY RESISTANCE,IN A 200 POINT MOVEMENT,WITH AN ACCURACY OF JUST THREE POINT
WHEN IT HAPPENED SECOND TIME ,I SHARED ALL THE LEVEL OF REVERSAL
ON 6TH MARCH,WHEN I TOLD IT SHOULD REVERSE FROM 5425 AND IT REVERSED FROM 5428 !!!!
ON 29TH FEB,IT WAS FIRST TIME
THEN AGAIN ON 16TH MARCH THIRD TIME ,BUDGET DAY ,IT REVERSED FROM 5482 AND ITS RESISTANCE WAS 5479 AGAIN 3 POINT ACCURACY,ALTHOUGH THE LEVEL WERE NOT SHARED THIS TIME AT THE THREAD BY ME ,REASON WAS THIS THREAD IS BASICALLY FOR COMMODITY AND RESPONSE IN NIFTY OF VIEWERS IS QUITE POOR,SO SOME TIME I HESITATE TO SHARE ,CONSIDERING ,VIEWERS OF THIS THREAD ARE NOT TRADING NIFTY-NOW I AM LEAVING FOR MOVIE

Today zinc has made a low of 102.4 ..and is currently trading at 102.7..At this juncture now a lay trader like me , may want to short , thinking it will fall further .What is the right thing to do ..go long at this price with sl at 102.4 or wait for it to go higher to 103.2 and short there ?

 

[trade1111]

its conservative stop loss for long today was 103/40
this stop loss was hit today
so once re entry is taken from lower support of 103/25
then for today conservative stop loss will be to day low less 10 to 20 paisa,below today low .today low is 103/20,so stop loss should be some where in between 103/00 to 103/10
as per eod kst trend is short,so we can not take more risk then above even as price action trader
zink eod pivot resistance is 103/80
as eod rsi is also short,so eod trader will try to stop it at 103/80
if zink show strongeness ,even then we should close long trade at 104/20 positively as and when it reach this level during the day

A few more sessions ,from now , I hope ,to make better decisions .Rather than to buy in a hurry as it moves up and sell as well with equal hurry.I have to learn to wait for support and resistance , to enter a trade. Thank you Ashwani ji.

 

[ashwani chadha]

A few more sessions ,from now , I hope ,to make better decisions .Rather than to buy in a hurry as it moves up and sell as well with equal hurry.I have to learn to wait for support and resistance , to enter a trade. Thank you Ashwani ji.

zink and lead were short at eod,that what i was explaining again and again that even if we go long in these two stop loss should be very stick.
ultimately indicator based eod trader has beaten,price action trader in lead and zink.who so ever has not closed his long at eod resistance ,as i advised he would have been caught.
my internet was not working through out day.it has started working just now

 

[braj1112]

:thumb:thanks this answer

Dear Ashwani_Chadha

I am aware about the mini lots and margins. Point here i want o make is even if the first or second trade fails your capital erodes and you cannot trade further.
This does not mean that its not possible. Its very much possible.
But calculations need to be revised. You should at least have margin for 3 mini lots to trade and then 15-20 K extra, just in case. Thats what I feel.
Kindly elaborate more on the Pull-Back strategy you have mentioned if possible

Thanks

 

[ashwani chadha]

gold end of day support 27720
gold intraday support 27760
value of one momentum 140 point
so with stop loss of one momentum below end of day support,one can go long from some where in between end of day and intraday support

TREND IS YOUR FRIEND:AS THE EOD TREND WAS LONG IN GOLD YESTERDAY
-----------------------
so i advised yesterday that during the day if gold falls,we have to go long in gold in between 27720 to 27760
GOLD GAVE US CHANCE TO ENTER AT THESE LEVELS,AS IT MADE A LOW OF 27752 YESTERDAY.
AND TODAY NOW IT IS TRADING AT 27860 APP
AS NOW CONSERVATIVE TRADER CAN KEEP STOP LOSS OF 27752,WHICH IS YESTERDAY LOW,SO FOR THEM WHO GONE LONG ,TO DAY IT IS A FREE TRADE!!!!

 

[ashwani chadha]

TREND IS YOUR FRIEND:AS THE EOD TREND WAS LONG IN GOLD YESTERDAY
-----------------------
so i advised yesterday that during the day if gold falls,we have to go long in gold in between 27720 to 27760
GOLD GAVE US CHANCE TO ENTER AT THESE LEVELS,AS IT MADE A LOW OF 27752 YESTERDAY.
AND TODAY NOW IT IS TRADING AT 27860 APP
AS NOW CONSERVATIVE TRADER CAN KEEP STOP LOSS OF 27752,WHICH IS YESTERDAY LOW,SO FOR THEM WHO GONE LONG ,TO DAY IT IS A FREE TRADE!!!!

trend in gold and gold gunia still long
trend in silver is still short
trend in all base metal is short