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

[uttamkamlesh]

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[VJAY]

Missed it on 4hr chart

now on 5 ww

 

[avad]

Uttam,

i was waing for ths trade but the pric never touched the trendline but then went upwards. how to buy if the price has not touched the trendline as in the above image?

 

[Kaboooooom]

Uttam,

i was waing for ths trade but the pric never touched the trendline but then went upwards. how to buy if the price has not touched the trendline as in the above image?

While Uttam answers, here is my view - You zoom to a smaller Time Frame, You draw a Fibo over last Hi-Low candles, You observe the retraction and closing prices of the candles, and take the decision.

 

[avad]

what happened was that i put a buy order at 401.66 but as price never went down my order never got executed. as i write this the missed trade has given good profits

 

[avad]

can you plz edit the chart at your free time and re post it with th fibo?

i am not able to get what i should be doing.

thanks.

 

[coolcorner78]

Uttam,

i was waing for ths trade but the pric never touched the trendline but then went upwards. how to buy if the price has not touched the trendline as in the above image?

You are looking at the charts of MCX - Copper, I would suggest do not do that. Either look at HG copper or LME copper (same with other dollar based commodities), with the volatility of Rupees and we trade only from 10 AM till 11:55 PM (where as Comex HG gets traded almost round the clock), lot of things doesnt get priced in properly and so the charts. In Broco itself you can have HG charts for the latest month of copper.

 

[avad]

also if i switch back to hourly tf the trendline and price have met.

 

[avad]

there issome error in the hg charts i am not able to view the hg charts clearly.lots of dat is missing

 

[Kaboooooom]

Here ...

By kaboooooom_in at 2012-01-10

By kaboooooom_in at 2012-01-10

Although, as suggested it is better to do your TA on the international charts.