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

Easier to Trade - Commodities or Indexes or Stocks

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tri_vis

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#931
#931
Hi kamlesh

As per post in this thread, Gold has come near to 1745, which was I think low of last week. Is Gold view Bullish in ST/ MT ??

Is it right time to enter long now?

Thnx in advance.

Vishal
 
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abhi_neth

Well-Known Member
#932
#932
uttamkamlesh said:
Hi Abhi....i am just laughing to see the power of a TREND. When IT asserts itself it does so furiously. OMG!!!.....Challenging a trend is a fool's job!!:D
Click to expand...
So true....as the saying goes trend is your friend, The trend on the larger TF is more stronger. Though I entered on the MA touch, which is a bit more dynamic that TL's, but basically just trading the trend. Reason I posted earlier is that people have the habit of running after the trade, when that should be avoided. After such a strong move based just on news, there will be a fall back of prices until a new trend is established, when we can enter again. Similarly, if a trend is broken, as it happened in Gold, no point in taking position after the move got under-way, wait for the pullback to the broken TL, & enter into the trade.

Thx
 
uttamkamlesh

uttamkamlesh

Banned
#934
#934
abhi_neth said:
So true....as the saying goes trend is your friend, The trend on the larger TF is more stronger. Though I entered on the MA touch, which is a bit more dynamic that TL's, but basically just trading the trend. Reason I posted earlier is that people have the habit of running after the trade, when that should be avoided. After such a strong move based just on news, there will be a fall back of prices until a new trend is established, when we can enter again. Similarly, if a trend is broken, as it happened in Gold, no point in taking position after the move got under-way, wait for the pullback to the broken TL, & enter into the trade.

Thx
Click to expand...
You are getting mature man!!!....like it.
 
A

abhi_neth

Well-Known Member
#936
#936
mdrafi67 said:
View attachment 17250

ur view and comments pls...................

MR
Click to expand...
Just building up for tomorrow's Gas inventory. Same thing happened last week. Most likely, there will be a upward break of the channel, considering that it has fallen just below the weekly TL.
 
adityasaraf007

adityasaraf007

Well-Known Member
#937
#937
Guys.... to understand the REAL power of Trend... try doing what I did just now.....

Opened a New Demo Account in MT4.... I have been Shorting Crude on it from 93 level onwards..... And now my account is around 20% down..... I succeeded in my objective.....

When we lose money, we always remember it.... Be it a Real A/c or a Demo A/c.... However, if we make money, we tend to forget it after a short span of time (Unless its a really huge one :))....

Try doing this next time ;)...... This is not my idea.... I learnt it from Raghavji.....
 
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