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

[uttamkamlesh]

I was away for few days missed few good trades on crude. Entered this short today @ 5320 based on 5 Minutes MCX charts, booked 1/2 at 50 points gain as i am trading the small time frame. Stops on rest @ 5290.

Thanks

I was missing you and Abhi...

 

[myamit]

trade is based on a theorem i posted earlier.
You may go long....I am long too.....

Could you please specify which theorem you're refering here?

Also do you have target for long? I mean there is a major trendline currently stopping silver advances.

Regards,

 

[NTrader42]

I was missing you and Abhi...

Thanks Kamlesh.

Trading the direction of higher time frame trend has been the most important aspect that I have picked up from this thread, it has helped my trading in a big way.

Waiting for the pull backs without worrying about taking trades in opposite direction or missing out on these moves is what I am learning and practicing with the help of this thread.

 

[uttamkamlesh]

Could you please specify which theorem you're refering here?

Also do you have target for long? I mean there is a major trendline currently stopping silver advances.

Regards,

They are only 16. Let me see if anyone of you can find out.
Otherwise i would reply tomorrow.

Silver is a stronger chart than Gold right now. Tomorrow i would post the analysis. It's a long term bet. I am going to discuss a new idea for bullions soon.

 

[uttamkamlesh]

Thanks Kamlesh.

Trading the direction of higher time frame trend has been the most important aspect that I have picked up from this thread, it has helped my trading in a big way.

Waiting for the pull backs without worrying about taking trades in opposite direction or missing out on these moves is what I am learning and practicing with the help of this thread.

That's the first topic Robert Miner put in his book.

Well....how did you enter today?...

 

[ayush2020]

That's the first topic Robert Miner put in his book.

Well....how did you enter today?...

im studying this book...

 

[nicktrader]

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Silver chart

DO you guys agree with the prediction???

 

[myamit]

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Silver chart

DO you guys agree with the prediction???

Hello Nick,

Rather than prediction, please explain your rational & analysis. Prediction does not help anybody unless backed by solid analysis & confidence.

Regards,

 

[nicktrader]

Hello Myamit,

To be frank im just making an guess on the basis of MSL that the Silver chart has formed 2day. Im still working on how 2 find the target price. well in above chart it was just an estimated guess.

Regards

 

[NTrader42]

Well....how did you enter today?...

I am looking for only short trades on crude, missed couple of good places to enter in the morning. Got this one good trade. Now the pull back did not come above 5300 to upper envelope band, so missed to get back into the short trade, many misses but over all not a bad day so far

Envelope setting is smoothed, 15, 0.25

Thanks