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

[NTrader42]

but i think the price is in INR.. not in dollar..so i got confused.. let me read in this week end.. thanx for ur suggestion..:thumb::thumb:

GCI gives only $ rates, Broco gives both, but may stops rs after Dec contract, for now bfd is giving only rs but this may stop in a month, also few web based solutions are given by kamlesh in the thread, so many things to choose from, select what you are comfortable with.

But analyze with markets that are open for 23 hours, MCX's 14 working hours gives a 9 hours hole in the price action of commodity and we may lose the time symmetry of the patterns and alignments of the Trend lines etc.

Cheers

 

[uttamkamlesh]

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[uttamkamlesh]

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[NTrader42]

Hi

Crude Oil Short from opening bar, today trailing stop on 15 mins.

Thanks

Was expecting either a push down or reversal in the evening session as regular day sessions for other markets open, but nothing much just the steady fall continues, booked 1/2 quantity for 70+ points, no real reason for booking just that holding it for too long for an intraday trade, its like nursing a mocktail in a cocktail party

Stops on rest at 5150

Thanks

 

[NTrader42]

Hi

I tried to place an Andrew's Pitchfork on H4 chart, used the same points OAB that you have done on daily charts, gives a nice channel down, but don't know much about W4 etc.

Thanks

 

[uttamkamlesh]

Was expecting either a push down or reversal in the evening session as regular day sessions for other markets open, but nothing much just the steady fall continues, booked 1/2 quantity for 70+ points, no real reason for booking just that holding it for too long for an intraday trade, its like nursing a mocktail in a cocktail party

Stops on rest at 5150

Thanks

Good going buddy...always protect your profits by being more choosey and not risking too much on any trade now onwards.....

Start reading Market Wizards series.....

 

[joysuryas]

Hi kamlesh,
What is market wizard series?

 

[NTrader42]

Good going buddy...always protect your profits by being more choosey and not risking too much on any trade now onwards.....

Start reading Market Wizards series.....

Done with the rest 1/2 also, placed the order and went out for a while, came back to see it executed, deleting the SL orders as done for the day.
Being a small trader happy with the 2 $s i got from this trade :lol:

Thanks

 

[NTrader42]

For anyone still tracking crude oil stops now at 5125

Thanks

 

[KID_of_MARKET]

Gold is just 3 to 4 % away from weekly and monthly support trend line
will this hold ?