Making a living trading Copper

[Lambuking]

off topic:
@Lambuking.. just a few questions..

1) From where u get the rt data feed for mcx,.. is it from fx central or any other broker.. what are the monthly charges?

2) What time frame u adopt.. in ur trades? While taking entries do u consult higher tf..than the one that you use or you simply stick to the one you use..

3) Could you pls post some of the charts .. the trades that you took..for easy understanding of us..

Thanks and regards
Saivenkat

@Lambuking.. just a few questions..

1) From where u get the rt data feed for mcx,.. is it from fx central or any other broker.. what are the monthly charges?
I am using fxcentral with MCX/NSE feed ... It costs you 3000 rs/month.

2) What time frame u adopt.. in ur trades? While taking entries do u consult higher tf..than the one that you use or you simply stick to the one you use..
I don't use time frames .... I use something called Renko which is purely Price based ... You can google it up ....

3) Could you pls post some of the charts .. the trades that you took..for easy understanding of us..
I will try to .. but if you see the structure of Renko charts you will easily understand .... I Simply take it on change of direction ... Renko does whiplash a lot ... but it is better if you stick with it in my opinion ....

 

[Lambuking]

Copper has bounced off a Resistance level .... INR should also strenghten .... Should be a gap down .... looking to go short ...

 

[Lambuking]

Copper has bounced off a Resistance level .... INR should also strenghten .... Should be a gap down .... looking to go short ...

looking to go short at 428.45 .... S/L 430.50 ... T/P 424.60 ...

 

[Lambuking]

bhai daraa mat...positional long hold kar raha hoon copper mein.

Daraana to nahin chaunga bhai ... lekin charts aisa hin bol rahe the

 

[Lambuking]

what is the USD/INR senario?

usd/inr gapped down .. but is moving upwards now and the copper prices are also slightly firm ... if the trend continues .. u should get a better price to exit

 

[praveen taneja]

usd/inr gapped down .. but is moving upwards now and the copper prices are also slightly firm ... if the trend continues .. u should get a better price to exit

are you short or waiting to short????

chinese bright copper scrap is down 4.1% spot down 1.25% we are only .35% down even usd/inr alsoo down looks good distribution at this level

 

[timepass]

Copper, copper, copper.. abhi iska naam Taneja se badal kar Thambi karna padega

 

[Lambuking]

are you short or waiting to short????

chinese bright copper scrap is down 4.1% spot down 1.25% we are only .35% down even usd/inr alsoo down looks good distribution at this level

I am short from 428.45 ... Same levels as mentioned earlier .... International markets are more or less stable .... USD/INR is jumping .... It's what is holding MCX Copper up most probably .....

 

[Lambuking]

I am short from 428.45 ... Same levels as mentioned earlier .... International markets are more or less stable .... USD/INR is jumping .... It's what is holding MCX Copper up most probably .....

Copper market more or less dead .. All volatility brought about by INR movement ... let see how it pans out after currency market closes ....

 

[Lambuking]

looking to go short at 428.45 .... S/L 430.50 ... T/P 424.60 ...

S/L moved to 428.00 ... T/P Still same ... International copper market more or less camotose in a range .... if it continues to do so might take profits ...