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

[coolcorner78]

I think most of the MT4 brokers will have CFD's which reflects the books/volumes traded on their servers and the books might not reflect the right values also, coz, the broker they themself will be on the other side of the trade in an instrument and they can make the books how they want the users to see. Also, in MT4 the volume that we is the number of trades than the volume itself for any instrument (same goes with the data from FxCentral's MT4 platform, even though the data is from NSE, volumes are trades)

Cheers!

 

[SavantGarde]

Precisely the reason why an ECN platform is preferable... where most of the instuitions are trading for VWAP or TVWAP to be effective.

SG

I think most of the MT4 brokers will have CFD's which reflects the books/volumes traded on their servers and the books might not reflect the right values also, coz, the broker they themself will be on the other side of the trade in an instrument and they can make the books how they want the users to see. Also, in MT4 the volume that we is the number of trades than the volume itself for any instrument (same goes with the data from FxCentral's MT4 platform, even though the data is from NSE, volumes are trades)

Cheers!

 

[ayush2020]

I ll send it to you... VWAP = Vol Weighted Avg Price

After 2.30 pm... if the diff between VWAP price and nifty on GCI is more than 25-30 points then be alert.... actions starts after 2.45 pm when the intra day guys have to square off.... the guys who are on the wrong side of the trade ...

The price always moves away from the VWAP price after 2.45 PM... which means if the price is above the VWAP price ( like today ) then it will continue to go up.... stall....then go up again ..with max 10-12 point retracements....

The real action comes after 3.15/3.20 pm..when the price moves away further... when the non auto square brokerage firm guys have to square off ...and are waiting ..hoping to get a better price .... which they never get and you squeeze the maximum out of your profitable position..by squaring it off just before close.... and that means in the last one minute...

This works well a lot...but cannot be standalone indicator...

good one.... thanx hills...

 

[akumar118]

Rupee appreciation...but oil's price decline...Reason...

Nymex crude oil prices gained by 0.7 percent today on the back of
expected decline in US crude oil inventories showing the signs of US
economic recovery. Additionally, a weaker dollar also acted as a positive
factor for the commodity. Oil prices were hovering around $97.92/bbl
after touching an intra-day high of $98.44/bbl till 4:45pm IST. On the
MCX, prices declined around 0.1 percent on account of Rupee
appreciation and were trading around at Rs.5149/bbl till 4:450pm IST
today.


Can anyone enlighten me the reason for oil's decline in MCX because of appreciation of INR

 

[abhi_neth]

Re: Rupee appreciation...but oil's price decline...Reason...

Nymex crude oil prices gained by 0.7 percent today on the back of
expected decline in US crude oil inventories showing the signs of US
economic recovery. Additionally, a weaker dollar also acted as a positive
factor for the commodity. Oil prices were hovering around $97.92/bbl
after touching an intra-day high of $98.44/bbl till 4:45pm IST. On the
MCX, prices declined around 0.1 percent on account of Rupee
appreciation and were trading around at Rs.5149/bbl till 4:450pm IST
today.


Can anyone enlighten me the reason for oil's decline in MCX because of appreciation of INR

Change in price is calculated from close to close. MCX closes at 23:55 ISt while NYMEX closes at 02:30 IST. IF trading in CFD, then depending on the broker the closing is either 0230 IST or 1030 IST. This factor also has to be taken into account while comparing the % change data.

Regarding oil's decline due to appreciation of Rupee, consider the following example.

Suppose the international price is steady at 95 throughout the day & the exchange rate is 52/USD.

So 1 bbl of crude in MCX will cost 95 * 52 = 4940 (+ some MCX premium)

Now the Rupee appreciates & trades at 51/USD, then the same bbl of crude will cost.

95 * 51 = 4845

Thx

 

[avad]

IS it a valid ww pattern?

 

[maxg]

Seniors may kindly confirm. I do not think that this is a valid WW, the lines 1-4 and 1-3-5 are not converging at all

 

[winsomecapital]

Seniors may kindly confirm. I do not think that this is a valid WW, the lines 1-4 and 1-3-5 are not converging at all

It is not WW. In WW 1-3-5 and 2-4 must converge.

 

[jaywings007]

Dear Kamlesh,

Great thread!

Though I am through with first 32 pages only of thread so far. I thought I should start contributing to this thread with my trades and trade systems I follow. Brief intro my self as technical follower, trading book active reader and a active trader, working with engg firm. Trading in Stock F&O, Commodity F since last 3 years.

May be I will write much more in due course, presently I wanted to bring all eyes to natural gas (dont know whether presently group is following NG or not). U may be aware it has broke the big way support of 170-168 (I have decided to follow foreign market as you said since starting. thanks firts!, presently folowing only MCX charts provided by Sharekhan and RKG) and again heading towards 168-170 range where R/R if quite handsome for shorting.

Jay

Why to quit NOW? you can always.

 

[avad]

how about this one...?