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

Easier to Trade - Commodities or Indexes or Stocks


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Hi Kamlesh,

I came across your thread few weeks back and from the very first post, it seemed that it would be very useful post for people who want to trade commodity or want to learn TA.

I went on reading and finished all the posts ( only once..but i will read again ). i thank you from the bottom of my heart for such a wonderful and self less job you have been doing.

THANKS AGAIN....
 
Hi

Daily View on Crude through Candlestick Pattern.

A Bearish Engulfing Candle: Major Reversal signal. Factors increasing patterns importance are: The Pattern appears after a protracted or very fast move.
 
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abhi_neth

Well-Known Member
Hi

Daily View on Crude through Candlestick Pattern.

A Bearish Engulfing Candle: Major Reversal signal. Factors increasing patterns importance are: The Pattern appears after a protracted or very fast move.
Hi Sandi,

That is not an engulfing pattern. For an engulf the previous candlestick has to be conpletely covered i.e; engulfed by the next candle. In this case the wick of the candle can be seen above the candle marked engulfing. Although the previous candle can be called shooting star, but even then a lower close would have been ideal.

Thx
 
Hi

Daily View on Crude through Candlestick Pattern.

A Bearish Engulfing Candle: Major Reversal signal. Factors increasing patterns importance are: The Pattern appears after a protracted or very fast move.
Sandy, please avoid MCX charts. They are incomplete and misleading.

NYMEX charts should be followed. either from MT4 or eSignal.com as master charts.

http://quotes.esignal.com/esignalpr...chart.bardensity=LOW&x=37&y=10&chart.studies=

Now you see the difference in charts.

You should focus on the 'line of thinking' of global analysts and traders.
 

SavantGarde

Well-Known Member
Hi Uttam,

Noticed your comments... on crude....I have the hourly on the MT4 with stochastic......my settings are 9,3,4...ok

Now....the 6th Candle from the current candle..... & immediately below that we have a small dip in the stochastic almost or touching the 80 Line... and if the current stochastic point...where the blue & red although have not crossed over each other.... but is looking well placed to crossover in the next couple of candles.... then we could see the price on Monday @ almost 101.00 and perhaps a little above too....

Once the Crossover happens on the stochastic.... then EPA is about the same number of candles in between the crossover...and the higher dip which I mentioned above.....Your comments please....!!!


SG
 
Hi Uttam,

Noticed your comments... on crude....I have the hourly on the MT4 with stochastic......my settings are 9,3,4...ok

Now....the 6th Candle from the current candle..... & immediately below that we have a small dip in the stochastic almost or touching the 80 Line... and if the current stochastic point...where the blue & red although have not crossed over each other.... but is looking well placed to crossover in the next couple of candles.... then we could see the price on Monday @ almost 101.00 and perhaps a little above too....

Once the Crossover happens on the stochastic.... then EPA is about the same number of candles in between the crossover...and the higher dip which I mentioned above.....Your comments please....!!!


SG

Sir, your analysis is correct i think for intraday trade of Monday but my analysis is bearish for next week.
My comment 'penetration of yellow line' is just a wild guess:). No trade signal right now.
 
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Hi Friends, This is the Diagram of Demark's rules about Trendline Breakout Qualifiers. They are very very useful to know which Trendline breakouts are real or fake.

These are equally applicable to any Trendlines be it Demark Trendlines or classic ones.

Take Printout and keep it handy with you.

As i am using so much of Trendlines i must know which breakouts are real or fake. This part of Demark is remarkable as well as simple. Cheers!



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