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

[hills_5000]

there is a wolfe formed on nifty from sep todate ..with target at 6200+ ?...just eye balling ..

Uploaded with ImageShack.us

 

[uttamkamlesh]

Hi ,

I have a very basic question kamlesh..I have never used MT4 and custom indicators. I just added the wolfe indicator and by checking the chart of silver i see a few wolfe waves in the historical data.Now my question is in real time data if i add the indicator..as soon as the wave is formed will it be shown in MT4 or will it be shown only after the full wave is formed?

I am also new to this indicator ....Let's see how it does it.

I expect as soon as point 4 has been made and price is going to make point 5 it should appear....to be traded....because we enter at point 5....

 

[uttamkamlesh]

there is a wolfe formed on nifty from sep todate ..with target at 6200+ ?...just eye balling ..

I have seen that but point 2, 4 can not be located.....correctly.

Kamlesh Uttam

 

[uttamkamlesh]

Gold WW has nailed it's EPA line with pin-point accuracy.

Uploaded with ImageShack.us

 

[uttamkamlesh]

Kamleshji... have a look at it.... I don't trade Commodities... just trying to follow you... Paper trading it...

Here's the Crude 240 mins Chart... Sold at 82.48... SL at 84 (previous LH was 83.98).... Inserted a Take Profit level at 80.08 (good support around that area)..

Hi Aditya!....your trade is also showing profit......
Crude has made a Low of $81.36 by now....

But had your BRL been better you could have sold even higher.

 

[hills_5000]

Hi Uttam... it would be nice if you post the charts when point 5 is reached and not after the wolfe is complete... lots of times in hindsight wolfe patterns look perfect but its diff when one has to take a call on them with real money.

thanks

Gold WW has nailed it's EPA line with pin-point accuracy.

Uploaded with ImageShack.us

 

[myamit]

I have seen that but point 2, 4 can not be located.....correctly.

Kamlesh Uttam

Guys,

Could you please upload chart for this WW? I could not find mentioned WW.... certainly like to see any faint hope that tells us that Nifty can go beyond 6000 in near future

Regards,

 

[adityasaraf007]

Hi Amit ji... this is the WW, they are talking about...

@Kamlesh ji
The WW that you had drawn is not a valid one.... as the lines 1-3-5 & 2-4 are parallel & so would not converge with each other.... Please clear the doubt, as the same scenario was there in the chart of Nifty which I had posted on 4th Oct...

Regards

 

[adityasaraf007]

Hi Aditya!....your trade is also showing profit......
Crude has made a Low of $81.36 by now....

But had your BRL been better you could have sold even higher.

Yes... but the SL of 84 was saved by a whisker... the high was 83.99 :lol:....

Closed this trade in profit.... BTW, MetaTrader is a lovely platform....

 

[mdrafi67]

Hi Amit ji... this is the WW, they are talking about...

@Kamlesh ji
The WW that you had drawn is not a valid one.... as the lines 1-3-5 & 2-4 are parallel & so would not converge with each other.... Please clear the doubt, as the same scenario was there in the chart of Nifty which I had posted on 4th Oct...

Regards

@ Adityaji,
may i know how do u write\draw on the charts downloaded from esignals. it is saved in png format. how do u do so on such charts....pls help out...i can draw n write on MT5 charts but not on esignal chaarts........thank u...:thumb: