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

[sandipromade]

Thanks to UMB...:clapping::clapping::clapping:

I know its not the perfect setup but managed to earn from deep ocean.... through UMB technique by Kamlesh Sirji...:thumb:

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[sandipromade]

I found on Google..

In Wolfe Wave e Gartley theory the target is $4.05 for the end of January.

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[sandipromade]

Yeah, observing it but still no longs as of now. The was again a gap down on Monday. The down move is showing signs of weakness. Yesterday was a hammer, but still not seeing any volume confirmation. Still wait & watch.

Abhi

You mean to we are again seeing a gap down opening on upcoming Monday (i.e. 26th Dec)....?

Yeah it could be cause :- as NYMEX is closed on Monday in ave of Christmas (Many factories close over the Christmas and New Year's holidays), as well as recent Inventory Report which drawdown not as predicted....

any other reasons by your view..

 

[akumar118]

@Kamlesh

I am new to commodity market.I just downloaded the WW from the link that is in this thread.Can u help me with the chart reading,trendline setting etc.

 

[uttamkamlesh]

Thanks Kamlesh Sir,

What about the earlier positions that were entered short on BRL kiss... are they covered or holded on to be added further on next level BRL kiss.

Depends on your risk appetite. Stop Loss is 102.66.

 

[uttamkamlesh]

@Kamlesh

I am new to commodity market.I just downloaded the WW from the link that is in this thread.Can u help me with the chart reading,trendline setting etc.

Whatever maximum possible....we are here in the thread.
We all learn't from internet, forums, books, manuals.

 

[uttamkamlesh]

Thanks to UMB...:clapping::clapping::clapping:

I know its not the perfect setup but managed to earn from deep ocean.... through UMB technique by Kamlesh Sirji...:thumb:

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Sandy...Now protect your money....For that don't risk more than 25% of 30k on any trade. Market should not be able to take it back from you.

Money management is 50% of the trading business.

 

[avad]

Kamlesh sir,

Can we make use of patterns formed on international markets when our markets are close and use them to our advantage when our markets open?

 

[sandipromade]

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Sandy...Now protect your money....For that don't risk more than 25% of 30k on any trade. Market should not be able to take it back from you.

Money management is 50% of the trading business.

I Agree Sirji..MM is the half soul in this business..Thanks.

Now as predicted NG is on short side...till the next Inventory (Which might be Deeper than earliest one cause Christmas/New Year buying..around 125 to 140 BCF Draw) while we can expect Gap Down opening on Monday..

:thumb:Sell on Rise..:thumb:

 

[Kaboooooom]

Whats happening with crude ... ?