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

[myamit]

Hello Uttam,

Is this a valid WW formed on nifty 5 min chart?

Regards,

 

[myamit]

Hello Friends,

See below daily chart of Uniphos. Is this valid WW?

Regards,

 

[uttamkamlesh]

Hello Friends,

See below daily chart of Uniphos. Is this valid WW?

Regards,

Yes! it is a valid WW. Its has a mini-WW from 3-4. So, highly likely to hit EPA line.

 

[uttamkamlesh]

Hello Uttam,

Is this a valid WW formed on nifty 5 min chart?

Regards,

No! This is not a WW.

Go through the manual thoroughly.

 

[uttamkamlesh]

Uploaded with ImageShack.us

 

[myamit]

Uploaded with ImageShack.us

See below MCX version of above chart. As I could not draw 150 min, I took 30 min chart.

Uttam: Please see if this is correct.

Regards,

 

[uttamkamlesh]

See below MCX version of above chart. As I could not draw 150 min, I took 30 min chart.

Uttam: Please see if this is correct.

Regards,

Yes!..it is correct.

 

[VJAY]

Dear kamalesh,
Today I got strange problem in my DEMO trading inGold on MT4 of GCI...let me explain it...
I shorted gold 1659.04 @time23.55(GCI terminal time)....then put stop @1661.83(5 tf pivot high+filter of .10)...but my stop hit @ time00.02 ...but that price never came as per chart ...only came after 25 min after my stop hit ...now am confused...how this big stop taken when price never came near it ?
Then how can we put stops if these things happen.....I hope this problem not comes in our commodity market...
Throw some light on this

Also please explain how you came this stoploss of 91.16 for Crude?

 

[uttamkamlesh]

Dear kamalesh,
Today I got strange problem in my DEMO trading inGold on MT4 of GCI...let me explain it...
I shorted gold 1659.04 @time23.55(GCI terminal time)....then put stop @1661.83(5 tf pivot high+filter of .10)...but my stop hit @ time00.02 ...but that price never came as per chart ...only came after 25 min after my stop hit ...now am confused...how this big stop taken when price never came near it ?
Then how can we put stops if these things happen.....I hope this problem not comes in our commodity market...
Throw some light on this

Also please explain how you came this stoploss of 91.16 for Crude?

Stop loss problem is from broker's side, GCI people.
Please post a mail to them. They would reply to that how this happens.

Regarding 91.16.
See on 13-09-2011 crude made a high of $90.52. Now add 0.5 to it as filter = 91.02. since 91 is a number resistance give more filter to it 91.16.

Now if crude hits this SL means we have to turn bullish on it.

 

[uttamkamlesh]

Uploaded with ImageShack.us