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

[prabit]

UMS on Gold 15 min?

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Stochastic has turned bearish and Gold on downtrend in higher TF's (60 min and Daily)

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Dear Donmuthu, can you explain in short what is UMS

 

[prst]

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Today, this WW did not cross the 1-3 line, so I have a few queries for advanced users of WW
1. How can we fix the entry point in such cases?
2. What about the sl in such cases?

Thanx in Advance

does this mean that nifty on a support now ?

 

[Donmuthu]

UMS - Uttam's Method of Selling. Please read this thread from the start at least twice. You will really benefit.

 

[vinst]

Gold Daily.

target lower red line was indicated with a downward arrow in recent past. Thereafter gold has drifted sideways-to-downward. There is still scope for Gold to head lower.

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<a href="http://www.imagebam.com/image/ef4f4d189238248" target="_blank"><img src="http://thumbnails31.imagebam.com/18924/ef4f4d189238248.jpg" alt="imagebam.com"></a>

regards,

 

[adityasaraf007]

Minifty 5min WW:

Now-a-days I don't try to spot WWs on TF lower than 60min.... But still considering all-bearish scenario... it's good idea to know that Bullish WWs are being formed in lower TFs.... However, probability of them playing out is doubtful....

 

[timepass]

Minifty 5min WW:

Now-a-days I don't try to spot WWs on TF lower than 60min.... But still considering all-bearish scenario... it's good idea to know that Bullish WWs are being formed in lower TFs.... However, probability of them playing out is doubtful....

Looks more like a channel than WW.

 

[adityasaraf007]

Looks more like a channel than WW.

There's a Red one as well...

 

[murthyavr]

There's a Red one as well...

The smaller WW aims at a bigger target..

 

[adityasaraf007]

Minifty 5min WW Update:

Red one worked out pretty well.... Yellow one did play it's part.... But couldn't reach the target.... It played out almost as per my imagination....

 

[timepass]

Minifty 5min WW Update:

Red one worked out pretty well.... Yellow one did play it's part.... But couldn't reach the target.... It played out almost as per my imagination....

That's because the yellow one is not a WW, it's a channel ...

See how it works as a magnet for the price !! Some anti-gravity kind of force will be needed to break this channel, maybe the IIP data, as PT mentioned in his thread.