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

[uttamkamlesh]

Coming Trade:

Theorem 15 is going to be applicable on NIFTY at 5150 approx.

SELL 5100 Call Buy 5200 Call when NIFTY crosses 5100 and Relax.

 

[maxg]

Hi uttamji,

Saw your post at around 7:30 and sold at 99.28 and covered early at 98.64. Just learning the ropes so am a little cautious having burnt my fingers several times.

 

[abhi_neth]

Hi Abhi & Vivek, did you took this trade?....

Had taken it earlier & then saw your post as was expecting resistance at 61.8% retracement. Your post just confirmed my belief. Thanks

 

[abhi_neth]

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Crude 1 hr. Here is how I took the trade. Haven't squared off as stoch has still some steam left. Most likely will exit at 100 SMA.

 

[abhi_neth]

Kamleshbhai, As per Eeliot wave, should A correction be within wave 4-5 or can it extend downwards?

 

[uttamkamlesh]

Kamleshbhai, As per Eeliot wave, should A correction be within wave 4-5 or can it extend downwards?

No such rule for Point A.

e.g. In fact when Wave 5 forms a diagonal triangle it is a very well known fact that market would crash to point 4.

 

[uttamkamlesh]

Crude 1 hr. Here is how I took the trade. Haven't squared off as stoch has still some steam left. Most likely will exit at 100 SMA.

Liked your trade. Best Wishes!

 

[uttamkamlesh]

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[abhi_neth]

No such rule for Point A.

e.g. In fact when Wave 5 forms a diagonal triangle it is a very well known fact that market would crash to point 4.

So as per that, we hv completed A correction at 97.13 & presently we are in B correction wave. Is that correct?

 

[Kaboooooom]

Hi All,
Thanks Kamlesh for this thread. Its most informative. I have only recently started getting to know more about commodity trading. Have been into stock futures so far. I am still reading this post (around page 28 for now, hope to complete it soon). In the mean while, I wish to ask a couple of questions, I hope you guys dont mind (if they are already answered somewhere in the replies).

1. This trade as shown in the last reply by you Kamlesh, suggests a short around $100 I believe, I see, that may very well happen before the market closes but it looks like the target may be achieved while our MCX is closed. So, do you guys take such trades where targets may be reached or situation might change while MCX is closed?

2. I got Broco Trader working for me but I am not able to get COMEX and NYMEX data in MT4, how are you guys getting data feed in MT4 (software provided by the MT4 site).

Thanks in advance, I am a regular to this thread now.