how much return you expect from commodity market

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ashwani chadha

Well-Known Member
#641
#641
cotton said:
Ashwani Pls check the attached image..

Analysis:

A support level usually occurs when two moving averages cross / intersects each other.
When the shorter (faster changing) moving average crosses above the longer (slower changing) one, it usually means a rising trend of the prices.
When the shorter (faster changing) moving average crosses below the longer (slower changing) one, it usually means a declining trend of the prices.
Moving average is actually a mean of the price, thus when the actual price deviates too far from its moving average, it will typically start moving back (tends) towards the moving average.
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(1)the four points,which you have given above are absolutly perfect,but here you are mixing two things,here we are going to use,10 sma as a short term support,whose help we will take at one hour chart,for going long or short, for the time being you dont mix it with 20 ema also (2)the four points which you have written are connected with break out strategy(not support or resistance)regarding this strategy i will explain later,first thing first (3)NOW REMOVE 20 EMA FROM YOUR MTS AND THEN CONCENTRATE ON YOUR CHART ,WHAT RESULT IT IS GIVING YOU AND THEN TELL ME THE RESULTS.
 
C

cotton

Well-Known Member
#642
#642
ashwani chadha said:
(1)the four points,which you have given above are absolutly perfect,but here you are mixing two things,here we are going to use,10 sma as a short term support,whose help we will take at one hour chart,for going long or short, for the time being you dont mix it with 20 ema also (2)the four points which you have written are connected with break out strategy(not support or resistance)regarding this strategy i will explain later,first thing first (3)NOW REMOVE 20 EMA FROM YOUR MTS AND THEN CONCENTRATE ON YOUR CHART ,WHAT RESULT IT IS GIVING YOU AND THEN TELL ME THE RESULTS.
Click to expand...
Okay..Chart is based on 4 Hours..Major Support is at Level 20653...We can say it has completed 1 full swing..so IF the same does not break the swing support..it will be major support for the same..

For Today :
Support : 20620
Resistance : 20710

Thanks
 
Last edited:
A

ashwani chadha

Well-Known Member
#645
#645
cotton said:
Okay..Chart is based on 4 Hours..Major Support is at Level 20653...We can say it has completed 1 full swing..so IF the same does not break the swing support..it will be major support for the same..

For Today :
Support : 20620
Resistance : 20710

Thanks
Click to expand...
lot of new facilities are available in trade tiger 2,yesterday i have adjusted my swing mechnical trading system, according to new trade tiger, to day i am checking what extra benifits ,i am going to get ,with this new version,but shortly i will be in touch with you
 
A

ashwani chadha

Well-Known Member
#648
#648
cotton said:
Okay..Chart is based on 4 Hours..Major Support is at Level 20653...We can say it has completed 1 full swing..so IF the same does not break the swing support..it will be major support for the same..

For Today :
Support : 20620
Resistance : 20710

Thanks
Click to expand...
i advised 1 hour you are using 4 hour,10 sma will match with i hour,first try to handle one hour
 
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