How to trade with an oscillator

[SavantGarde]

Hi Paul,

It is because of the system...!!!

Let me answer it with a question to you...

Commodity Trading closes here at about 11.30 pm which is 2.00 pm U.S. (EST)

Copper will close here in Line with International Prices prevailing at that point of time.... once we have closed and International copper moves on either side by let's assume 1-2% .....What according to you should be the opening price when we open here at 10.00 am next day which is 12.30 am (U.S. EST)...???

SG

Savant, why would the timing of when the market opens have any bearing on your trading decision?

 

[4xpipcounter]

You've answered my question. In other words, current price is 3.4315. So, if international prices have moved 2% up, then the price will be 3.5001, so when your market reopens, there would be a spike in line with the international price hike while your market was closed.

I just learned something through my question and your response. Metal prices in the US do not sleep except on the weekend. In lieu of that, I thought maybe you had a gauge, such as for forex when different times of the day it is more voluminous than other times. So prices are going to move faster at different times.

Thank-you.

Hi Paul,

It is because of the system...!!!

Let me answer it with a question to you...

Commodity Trading closes here at about 11.30 pm which is 2.00 pm U.S. (EST)

Copper will close here in Line with International Prices prevailing at that point of time.... once we have closed and International copper moves on either side by let's assume 1-2% .....What according to you should be the opening price when we open here at 10.00 am next day which is 12.30 am (U.S. EST)...???

SG

 

[SavantGarde]

Exactly....Most markets that run 24/5 always have what I call 'Dead Periods' & 'Business As Usual'... it is quite obvious on a smaller TF Charts....!!!

SG

You've answered my question. In other words, current price is 3.4315. So, if international prices have moved 2% up, then the price will be 3.5001, so when your market reopens, there would be a spike in line with the international price hike while your market was closed.

I just learned something through my question and your response. Metal prices in the US do not sleep except on the weekend. In lieu of that, I thought maybe you had a gauge, such as for forex when different times of the day it is more voluminous than other times. So prices are going to move faster at different times.

Thank-you.

 

[rangarajan]

Savant strategy ?from 4750 to 4763 in no time

 

[rangarajan]

Exactly....Most markets that run 24/5 always have what I call 'Dead Periods' & 'Business As Usual'... it is quite obvious on a smaller TF Charts....!!!

SG

So,for metals U S mkts are leaders which one should keep in mind while trading.
Then,why people give more relevance to London metal exchange.:!

 

[SavantGarde]

LME is important for metals because warehouse inventory is released....but U.S. markets decide where they close...

SG

So,for metals U S mkts are leaders which one should keep in mind while trading.
Then,why people give more relevance to London metal exchange.:!

 

[SavantGarde]

There was a nice entry on Strategy 2 as well for an earlier entry...

...But your marking on this is perfect...Rangarajan... getting 3 humps to connect is usually very strong...!!!

SG

Savant strategy ?from 4750 to 4763 in no time

 

[4xpipcounter]

There is a nice thing about those "dead periods". It's clear in forex how many of the markets go east on the hourly. After they run east and then the volume picks up again at key times during the day, then the journey will continue in the same direction it was moving before it went east.
Those movements cannot be discerned in a market that is closed during those dead periods. I noticed no the Nifty charts that even though a chart is still a chart, and price direction can still be discerned, the charts still reflect what I call "constant action".

Exactly....Most markets that run 24/5 always have what I call 'Dead Periods' & 'Business As Usual'... it is quite obvious on a smaller TF Charts....!!!

SG

 

[rangarajan]

copper at 9.10pm.negative divergence.In this metal,one should wait VERY patiently for max Two diver & Min one.

Also,for Tgt Fibonacci levels works very well.
I have back tested for the past 10 days.

 

[rangarajan]

LME is important for metals because warehouse inventory is released....but U.S. markets decide where they close...

SG

dear Savant,
Pl explain ,how to exploit this information & where & when to see it.