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

[adityasaraf007]

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?

Vjay ji... In all the MT4 Demo Accounts... Stop Loss works on Bid-Ask... Since you had shorted and put a Buy SL... as soon as the Ask Line touches your SL level, your trade would be triggered and closed.... Reverse for putting a Sell SL...

Hope this helps...

 

[myamit]

See attached.. Maruti Daily chart...

Any views? Can this be termed as WW? I guess not...

 

[VJAY]

See attached.. Maruti Daily chart...

Any views? Can this be termed as WW? I guess not...

Dear amit,
IMO its not WW...just channel....

 

[mdrafi67]

SPOT SILVER HAS FORMED A WW PATTERN...............NEED MORE VALIDATION FROM PRACTIONERS...........................

Uploaded with ImageShack.us

CHEERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

MR
--------------------------------------------------------------
"IF I FALL MAY NOT BOUNCE BACK BUT MARKET ALWAYS DOES"

 

[uttamkamlesh]

SPOT SILVER HAS FORMED A WW PATTERN...............NEED MORE VALIDATION FROM PRACTIONERS...........................

CHEERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

MR
--------------------------------------------------------------
"IF I FALL MAY NOT BOUNCE BACK BUT MARKET ALWAYS DOES"

WW Rule: Rafi...Out of EPA line and 1-3-5 line one should be making +ve angle with the horizontal and the other one negative.

Check red line. poor drawing!....Though trade is correct and it's success is supported by a double bottom on HTF.

 

[mdrafi67]

WW Rule: Rafi...Out of EPA line and 1-3-5 line one should be making +ve angle with the horizontal and the other one negative.

Check red line. poor drawing!....Though trade is correct and it's success is supported by a double bottom on HTF.

------------------------------------------------------------------------
HI,
KAMLESH BHAI.......DINT GET THE SENTENCE.....Out of EPA line and 1-3-5 line one should be making +ve angle with the horizontal and the other one negative..........AND OF COURSE I'M NOT GOOD AT DRAWING but just thought to implement my learnings on live trades........:thumb:

 

[hills_5000]

the EPA line should be an upslope and never less than tha...IMO...but on 5 min silver EPA done... waiting for fall after booking out... gold EPA on 5 min almost there..

SPOT SILVER HAS FORMED A WW PATTERN...............NEED MORE VALIDATION FROM PRACTIONERS...........................

Uploaded with ImageShack.us

CHEERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

MR
--------------------------------------------------------------
"IF I FALL MAY NOT BOUNCE BACK BUT MARKET ALWAYS DOES"

 

[mdrafi67]

SILVER EPA NAILED@ 31.25$.............................

Uploaded with ImageShack.us

CHEERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

MR

 

[uttamkamlesh]

Uploaded with ImageShack.us

 

[hills_5000]

Hi Uttam.. I hope you didnt mind replying to a question posed to you about the EPA line query...

Next...do explain the magic bit.. how much of a target should we expect..

Uploaded with ImageShack.us