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

[nicktrader]

I have an account with motilal securities. They gave a tip to buy crude at 5402 and 10 min back messaged again to exit at CMP 5420. So may be it is heading down.....

 

[sbali1976]

Kamlesh Ji,

Waiting for your input on post #1607 at page 161.

Whether it is a valid WW on crude 5 minute chart?

Regards
Shailender Bali

 

[myamit]

To your idea i would give a thought and then i would comment.

Hello Kamlesh,

I'll await your comments.

BTW, crude inventory is on Thursday & not today? I'm little confused here.. please clarify.

 

[uttamkamlesh]

I am going to describe step by step how i generate my chart.
I would be happy if anyone really succeeds.

S1. Market Watch -> symbol crude oil -> right click -> chart window.

S2. Right click on chart -> click on grid, grid goes off -> click properties -> common -> uncheck 'show period separators' -> Colors -> Bar down(red), bear candle (red)

S3. Press zoom once

S4. Now, right click on chart and go to periodicity-monthly draw all trendlines then weekly TLs then daily TLs then on 4 hr then on 1 hr chart.

(Follow the convention of colors:
monthly TL-white,
Weekly TL yellow,
Daily - Blue,
4 hr red
1 hr green)

S5: Now feel confident and make trading decisions.

 

[uttamkamlesh]

Hello Kamlesh,

I'll await your comments.

BTW, crude inventory is on Thursday & not today? I'm little confused here.. please clarify.

ya dear!...they have rescheduled it.

 

[uttamkamlesh]

Hello Kamlesh Ji,

Please provide input if it is a valid WW set up on Crude Oil. Time frame 5 Minutes.

Regards Shailender Bali

http://imageshack.us/photo/my-images/171/crude5minww.png/

Yes it is WW man!...i think KID posted it in dollar chart that day itself.

 

[parasu47]

Kamleshji,

I am new to this forum but follows trade gurus like you. Who is the broker you are dealing with. Want to know more about your trade which you shorted crude @5370 yesterday night, because I am also holding the same position.

 

[uttamkamlesh]

Kamleshji,

I am new to this forum but follows trade gurus like you. Who is the broker you are dealing with. Want to know more about your trade which you shorted crude @5370 yesterday night, because I am also holding the same position.

Plz call me as your friend only nothing else.
We have a lot to learn.

1. Angel Broking

2. Hold on to the position for 2 weeks. Position should be in profit by Friday.

I have faith in UMS. That's it.

 

[myamit]

ya dear!...they have rescheduled it.

You mean they have rescheduled from tomorrow to today? or otherway...

 

[uttamkamlesh]

Please Note:

Now onwards, I am not going to reply any chart of MCX.