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

[Sunny1]

Dont want to go off topic a lot but now I am curious. As far as I know, unless we have some kind of Residency in the US (H1, Green card etc), we cant really trade directly in the US markets legally. SSN, Bank Account, W2 (tax) etc needs to be there, so are you holding some kind of residency in the US and living in India?

And what all do you trade? US stocks, commodities? Indian instruments also?

His GF is US resident.....

 

[ayush2020]

Hello Ayush

I will not be able to comment on the "chart formations" you have referred to. I don't know what they are or what code/options you are using. For trading use only the things you understand thoroughly. If you are confused about something don't use it or make efforts to learn more.

As for using / referring to multi-time frame charts, it is really very simple. Always go with the trend direction shown by the higher time frame charts.

Suppose you want to trade the H1 time frame and are referring to daily for trend direction, then take only the trades on H1 that are in the direction of Daily trend.

For intraday trades I am basing my entries on H1 charts and trailing stops using 15 Mins charts, effectively it is trade in the direction of H1 using 15 Mins charts. For scalping types of trades I use the trend direction from 15 min charts and manage the trades based on 5 min charts.

Thanks

dear Ntrader ..what i want to know is let us say that now in crude daily chart we can see gartley bullish formation.. and it has came up from $92 to almost $97.. but we can see right hand side there some fibo levels .. can we take any positions according to it??

 

[uttamkamlesh]

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[timepass]

Kamleshbhai, volume confirmation was not there, so is the Point 5 fully formed for WW ??

 

[uttamkamlesh]

Kamleshbhai, volume confirmation was not there, so is the Point 5 fully formed for WW ??

Actually price has crossed point 3, which shows short-covering has to start and finally by day close it got confirmed.

 

[timepass]

Actually price has crossed point 3, which shows short-covering has to start and finally by day close it got confirmed.

Ok. Year end rally and all that, but I am not convinced. I think one more jhatka remains. No technical reasons, just gut feeling that it's too early to call

 

[uttamkamlesh]

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[uttamkamlesh]

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[premlara]

very insightful!!

 

[uttamkamlesh]

Ok. Year end rally and all that, but I am not convinced. I think one more jhatka remains. No technical reasons, just gut feeling that it's too early to call

I have just gone through what is year-end rally on google. I think that would start after Christmas. http://financial-dictionary.thefreedictionary.com/Year-End+Rally

I think fundamentally there is nothing to be bullish on NIFTY but we are 600 points below the recent top and near 15000 and 4500 which makes markets oversold TO THE LEVEL where no astute sellers would further sell the market, which makes is prone to reverse. Also, price compression of WW.

Actually markets don't bottom out due to smart money buying but due to last dumbseller's selling - DeMark believes so.

Today markets just followed S&P 500 which would meet it's BRL in a day or two.

Bullish WW in a downtrend is a bingo tough trade that's why i have taken little risk if it shows further strength i would add. Let's see.