how much return you expect from commodity market

[cotton]

Ashwani for Consolidation we do this...right?
We get the range from low to high of a swing...it should retreat approx 100% or more of that range...

 

[cotton]

For Copper EOD Support is 432.80 and can we say consolidation is over or if the bar closes at 3 above the 2pm...

 

[cotton]

support 1207/30 closing 1207/70 if 3 0 clock closing dont come below 1207/- you can hold long.but till then keep stick stop loss of 1200/-

Now Bar Closing at 1211.30...Support 1209.70.
Now can we increase the SL to 1207...

 

[ashwani chadha]

For Copper EOD Support is 432.80 and can we say consolidation is over or if the bar closes at 3 above the 2pm...

copper trading above its support432.8 at present its one hour support,eod 433.3

 

[ashwani chadha]

Now Bar Closing at 1211.30...Support 1209.70.
Now can we increase the SL to 1207...

if 4 o clock closing is below 1208/-then you can close long, but till then shift your stop loss to break even{at no profit no loss}

 

[ashwani chadha]

if 4 o clock closing is below 1208/-then you can close long, but till then shift your stop loss to break even{at no profit no loss}

but target profit can be taken any time

 

[ashwani chadha]

Ashwani for Consolidation we do this...right?
We get the range from low to high of a swing...it should retreat approx 100% or more of that range...

what you are talking ,it is basically connected with atr,which is used for trailing stop loss,for consolidation we dont see this,you can under stand now,when i warned you in the morning,that consolidation is not yet over,and you have gone long, your decision was early,you might have earned some amount,but it was basically wrong,that is why i gave you a clue to think regarding target profit

 

[cotton]

what you are talking ,it is basically connected with atr,which is used for trailing stop loss,for consolidation we dont see this,you can under stand now,when i warned you in the morning,that consolidation is not yet over,and you have gone long, your decision was early,you might have earned some amount,but it was basically wrong,that is why i gave you a clue to think regarding target profit

Yes I got your point and had squared it early before SL was hit...

 

[cotton]

what you are talking ,it is basically connected with atr,which is used for trailing stop loss,for consolidation we dont see this,you can under stand now,when i warned you in the morning,that consolidation is not yet over,and you have gone long, your decision was early,you might have earned some amount,but it was basically wrong,that is why i gave you a clue to think regarding target profit

Thanks for Explanation..I will study the ATR stuff...also can we say now that consolidation is over in Nickel...

 

[cotton]

Some Question:
ATR is calculated over a period of 14 Days..But we can use it from 21 days also...What is the best time period for Commodities?
ATR is used on EOD basis..
ATR for Yesterday was 23.53...
We compare the ATR from the previous Day...and if the same is above it means the Consolidation is still left...
Can ATR be used on a 60 Min chart and then compare the same with EOD ATR?

Thanks