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

[uttamkamlesh]

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?

Of course! and we should do ONLY that.

 

[NTrader42]

Whats happening with crude ... ?

Its a price ticker, either goes up or down or sometimes even nowhere. Did you have any specific expectations from it?

Thanks

 

[Kaboooooom]

I meant to ask, what do you experienced guys make of it expected movement as I am not able to make much sense of its movement and I didnt completely comprehend Kamlesh's post. Are you guys waiting for it to touch 101 or something since it already crossed 100 earlier. Have you guys taken any positions or waiting for it. In short, what are the experienced lot doing or going to do?

What is BRL btw? There really should be a FAQ for this thread .... Shall I set it up on a separate site, or perhaps since Kamlesh ji started this thread, he can also start another thread as FAQ for this one and mention the previously frequently asked questions on that thread along with regularly used terms and phrases and references. I dont mind setting up a page, wiki for it ... if you guys are okay with that.

 

[uttamkamlesh]

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[uttamkamlesh]

I meant to ask, what do you experienced guys make of it expected movement as I am not able to make much sense of its movement and I didnt completely comprehend Kamlesh's post. Are you guys waiting for it to touch 101 or something since it already crossed 100 earlier. Have you guys taken any positions or waiting for it. In short, what are the experienced lot doing or going to do?

What is BRL btw? There really should be a FAQ for this thread .... Shall I set it up on a separate site, or perhaps since Kamlesh ji started this thread, he can also start another thread as FAQ for this one and mention the previously frequently asked questions on that thread along with regularly used terms and phrases and references. I dont mind setting up a page, wiki for it ... if you guys are okay with that.

Plz download all the material that has been compiled and posted and go through the thread from post1, I am sure you would be better trader.
Everything has been stated. BRL => Bearish Resistance Line.

 

[sandipromade]

Hi

For Crude i found some news articles and storage charts pdf from DOW JONES NEWSWIRES & BMO Capital..by today and yesterday...hope make some help you guys..

Storage Charts PDF

Crude Prices Flirt 100 barrel

Leading Indicators Advance

 

[NTrader42]

Hello K

Kamlesh already answered your questions.

On crude we had a steep fall from 14-19 Dec, then a gradual rise from 19th which continues till date.

Everyone trades differently, few waiting for it to get into supply areas and short it (BRLs), some already short and want to add more, some would wait for it to turn and then short, some even carrying few longs (although must have booked major portion). On smaller TFs like 5/15 long trades can be still taken.

But one thing is sure, when the real big move comes, everybody (all the systems) will come at a point of confluence and move together that creates the momentum, if your system is not catching those big trend trades, something seriously wrong with your system and it needs to be taken back to the design board.

So whats happening really depends on the goggles we wear, the color we see :thumb:

Cheers

 

[uttamkamlesh]

Assignment:

Take any two markets one index, one spot of your liking and track both of them and analyse in the evening, what happened and why it happened intraday, technical reasons or fundamental reasons what dominated, which patterns formed, mood of the market, OI, volume and finally how could have traded it.

I did this exercise with Nifty for one year and mastered WW.

 

[Kaboooooom]

Hello K

Kamlesh already answered your questions.

On crude we had a steep fall from 14-19 Dec, then a gradual rise from 19th which continues till date.

Everyone trades differently, few waiting for it to get into supply areas and short it (BRLs), some already short and want to add more, some would wait for it to turn and then short, some even carrying few longs (although must have booked major portion). On smaller TFs like 5/15 long trades can be still taken.

But one thing is sure, when the real big move comes, everybody (all the systems) will come at a point of confluence and move together that creates the momentum, if your system is not catching those big trend trades, something seriously wrong with your system and it needs to be taken back to the design board.

So whats happening really depends on the goggles we wear, the color we see :thumb:

Cheers

Thanks all you guys. If you notice, Kamlesh's post was within 3 minutes of my posts, perhaps he was composing it when I posted my followup regarding Crude update.

I dont really have a system for Crude yet but I am watching it intimately these days.

I really hope it doesnt go out and conquers 102 for now

 

[Kaboooooom]

Assignment:

Take any two markets one index, one spot of your liking and track both of them and analyse in the evening, what happened and why it happened intraday, technical reasons or fundamental reasons what dominated, which patterns formed, mood of the market, OI, volume and finally how could have traded it.

I did this exercise with Nifty for one year and mastered WW.

Another awesome piece of clear cut advice, which I simply love. The markets are such a confusing mess for newbies that its even difficult to form a clear cut exercise to follow since all the news flow, contradicting views from so called experts etc just overwhelms and confuses people. I will take on this assignment, thanks for highlighting it.