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

[SavantGarde]

Sandi,

Remember every Thursday EIA Inventory levels are released....for more info on this request Hills_5000 he will give the details where you can keep track of the Inventory.

SG

 

[uttamkamlesh]

Hi

Please share your views on this Daily chart of Natural Gas...

Is this a buying opportunity....Winter demand increasing as well as weekly inventories are deepening...

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Sandi....fundamental reason is there....that's is very good but let the price action too support it for an entry....it will not shoot to anywhere without you...if at all it does so...let it go...and then BUY on retracement....

Wait for HH-HL or any other trend change signal......because once a market trends with a fundamental reason it will keep on making new Highs/Lows for quite some time....

 

[uttamkamlesh]

Hello

Can someone help me with the link for the mt4 indicator for TD seq being used in the above chart.

Thanks

google out...it's all there at Forex Factory...

 

[uttamkamlesh]

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VOLUME CONFIRMATION...............UNKNOWN???????????????????????????????????

A. Natural gas liquidity is very poor, which makes it prone to manipulation.
B. It's behavior is very dangerous to Inventory data on Thursday. I have traded this data for few months. Finally left it.

Regarding WW

1. WW is a pattern but TREND is the father of all patterns.
2. There is a particular market psychology behind WW formations. When either of the camp is feeling tired then they form and take everyone by surprise.
3. Often we don't care for volume confirmation, which is a Confirmation, mind it.


(i). Buying needs more force to push markets higher than selling for downside.
(ii). More upside breakouts are false than downside breakouts. Stay Alert it is statistical data.

 

[uttamkamlesh]

Hmmm.... didn't see the earlier failed WW's. Actually started trading NG recently. One thing that I know is there is no point in looking for longs in NG before the winter season starts. Most of the year it is short with commencement of winter season signalling longs. Also it is highly manipulative market. Good example would be for the past two weeks US NG inventory is showing tremendous declines but the prices continued to go down, with spikes during the day of inventory. These spikes are negated same day itself, or the next day. But these spikes are good entry position if the trend has been established as generally these are against the trend.

Thx

Congrats Abhi.....you are going good with NG....i hope you can track it for all of us and post prospective trades.....

 

[uttamkamlesh]

Abhi Sir,

As you predicted...your positional NG Call Rockss.....! Made 3.310 low...

But now at the support range NG shows Long Legged DOJI...its a bullish signal...are you agree that now its a good chance to BUY in BULK Lots..

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Sandy!...it is a signal which needs attention but we need a Confirmation of trend change....Policy: Wait and watch.

But as your fundamental reason is winter season you should not look at 30 min chart at all instead look at monthly, weekly and daily charts...

 

[uttamkamlesh]

Sandi,

Remember every Thursday EIA Inventory levels are released....for more info on this request Hills_5000 he will give the details where you can keep track of the Inventory.

SG

This is the calender.
http://www.forexfactory.com/calendar.php

Crude Oil Inventory.......9:00 PM IST
N Gas Inventory...........9:00 PM IST

Always recheck the schedule with the calender because sometimes they reschedule the release. Day Light Saving also affects it by 1 hr..

 

[mdrafi67]

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cheers!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
MR

 

[mdrafi67]

GOLD VIEW................

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CHEERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
MR

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[sayantan2u9]

@everyone

i read the few initial post where it has been said to follow charts from international markets from site like esignal..

then i read that u can also follow charts on mt4 using broco/gci


can someone please tell where u follow ur charts in MT4 platform
for me following the charts in mt4 is much more convenient than this sites


i want GOLD,COPPER,SILVER,NATURAL GAS N CRUDE OIL


IN BROCO i can only find GOLD,SILVER