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

[vikrit]

.

@uttamkamlesh this is crude weekly chart, is this a valid WW? and if not then plz explain why.



.

 

[vikrit]

oh rite...

See CME copper is around 392.. target is about 28 dollars away.. i would assume then that a approx target for MCX copper should be 28 dollars away from current price.. but the thing is rupee movement, decay in premium, rollover to a new contract will all play a part. But in short there is quite a bit of upmove coming .. though it wont be a straight move.. slow and with chop...

CME COPPER 392 or 3.92??? if 392, then what is unit size?

 

[piyush08]

arre ek hi baat hai bhai.. the same used to be quoted in 392.xx
now it quotes in 3.92xx i think...

 

[vikrit]

arre ek hi baat hai bhai.. the same used to be quoted in 392.xx
now it quotes in 3.92xx i think...

ya its same if taking unit size in consideration. that's why asked unit size.

 

[poortrader]

@ WW experts

How should an ideal SL be determined if the sweet zone is very wide,
and yr comments on above chart

 

[piyush08]

As an aside dear "poortrader", what does your nick imply?

a. That you are a poor trader, ie a bad trader
b. That you are a poor trader, ie one with little money to start with
c. Or that you are a poor trader, one who has lost so much he's become poor.

~Nom - no offences meant.
~Jus in the mood for a lill joke.

 

[murthyavr]

As an aside dear "poortrader", what does your nick imply?

a. That you are a poor trader, ie a bad trader
b. That you are a poor trader, ie one with little money to start with
c. Or that you are a poor trader, one who has lost so much he's become poor.

~Nom - no offences meant.
~Jus in the mood for a lill joke.

d. Or, he wants to keep aside his ego and remain humble before the markets.

 

[vinst]

.

@uttamkamlesh this is crude weekly chart, is this a valid WW? and if not then plz explain why.



.

have a doubt about point 4 which is not the lowest point of downleg in the selection shown.

 

[uttamkamlesh]

.

@uttamkamlesh this is crude weekly chart, is this a valid WW? and if not then plz explain why.



.

There is too much of approximation for points 2 and 4....Compare with the standard diagram...and trade only simple WW, i mean easily visible to many...

 

[uttamkamlesh]

@ WW experts

How should an ideal SL be determined if the sweet zone is very wide,
and yr comments on above chart

This is not a WW as point 4 must be below 1.
I will reply about SL when you will post a better WW