How to trade Commodities - Gold, Silver, Crude Oil, Natural Gas

[hills_5000]

It gets blocked only if your demo money finishes. Else it does'nt.

Good Luck.

Thanks Hills_5000, it is a wonderful free resource..!!!

Will it get blocked after 1 month?

Kamlesh Uttam

 

[pannet1]

Thanks Hills_5000, it is a wonderful free resource..!!!

Will it get blocked after 1 month?

Kamlesh Uttam

None of the MT4 or MT5 platforms I used so far has any form of time limit for using the demo account. The idea is to lure you in making profitable business trading with the demo account and kill you with the brokerage, while trading in the real account

 

[uttamkamlesh]

NIFTY50 ANALYSIS:

Guys! TA is not a Rocket Science.
We apply the same well-known fundas again and again
because Markets (crowds) do the same thing again and again.

Just apply KISS (Keep It Simple Silly!...).

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Kamlesh Uttam

Guys! today was a huge SHORT COVERING day on NIFTY.
Also fresh longs have opened.

As predicted NIFTY found support in Band-1 @4720

Now let's wait for our opportunity to sell-short.


Kamlesh Uttam

 

[uttamkamlesh]

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Monday morning NIFTY should either open at 4940 or should crash to this value later on by Tuesday.
This is Rising Wedge formation.

Trade: GO SHORT if market opens +ve/Gap Up.
STOP LOSS: 5175
TARGET 4940.

 

[uttamkamlesh]

This is the Daily Chart:

Reasons for the Trade:
(a) Bearish Engulfing ...Confirmation for trend change to come on Monday.
(b) Over Bought Stochastics(14,3,3)
(c) Resistance below equilibrium Fibonacci value of 50%
(d) Gap at 5250-5300 as great Resistance

NIFTY should either go down or turn choppy. Very limited upside.
If at all it goes up in the next leg it will come down eventually.

Trade:
I have bought few October(to avoid time decay) OTM Puts at 4600 and 4700.
I expect by October end markets would give me multifold profits.

I would post any adjustments to my trades on this thread on Daily or Intraday (if needed) basis. So you can take the trade if you get the idea.

Kamlesh Uttam

 

[comworld]

Good work keep it up!!!!!!

 

[uttamkamlesh]

This Trade was on 30 min GOLD.

Same funda:
(a) One HL and one HH implies Trend got established => BUY on every decline.
(b) BUY and Book profits in the channel established with trailing SL order.

Kamlesh Uttam

 

[prst]

Hi Guys!....I just learn't how to upload nice images from ImageShack (choose do not resize option)......Thank You Savant Sir!

Well....See how without any complex indicators you can make Entry and Exit in Gold. Beauty is that Gold is in well Established Bull market, THE GREAT TREND. It would shout like anything before reversing no matter double dip recession or triple dip recession surfaces.

Theorem 03: A TREND IS INTACT UNLESS PROVED OTHERWISE.

Corollary: or in other words (Jesse Livermore even says): When in doubt, assume that the trend is intact. TREND would save you from any big trouble.

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Hi uttam,
I have a query regarding the attached chart.
It says profit booked at point B.
but it is on the verge of breakout of the channel to the upper side.
is it wise to hold for higher breakout or book profits in such a stage?

thanks
prashanth

 

[prst]

US Markets Open times in IST:

COMEX : 5:50 PM Indian Standard Time (IST)
S&P500: 7:00 PM IST
NYMEX: 8:00 PM IST

Due to 'day light saving' theses times would get delayed by one hour after last Sunday of October.

All these market open and have effect on Gold, Silver, Crude prices.
Later we would discuss how to exploit these times.


Kamlesh Uttam

Dear Kamlesh,

heartiest thanks for introducing us to the commodity trading basics.
Please let us know as to how can we exploit the time difference between US commodity mkts and indian mkts.

 

[prst]

Pl. tell me what is PARABOLIC SAR

P SAR is an indicator, which signals when a trend is set to reverse.
it stands for parabolic stop and reversal.
typically it is used to close trades.