Manish Damani

[MANISH_DAMANI]

Crude as per MCX-
Pv-5113.3 R1/2-5134.37/5163.33. S1/2-5084.67/5063.33.

 

[MANISH_DAMANI]

Dear ST Sir,
I am very new to commodity trading . I am planning to start trading in energy. please let me know the platform which is better in terms of service and brokerage. Also, please let me know the minimum margin required for starting the trade.

Thanx/Subratdas

Welcome to commodity trading. Platform I have used is odin diet, trade tiger. All are good but 100 % perfect is no body. Odin I prefer much for trading fast as good experience till now. Rest take suggestion with other member too. Brokerage in single lot RK global. But it is good for day trader who continuous trading because every month you have to pay for software rs 300 approx(please check). Margin if you request them 2x-3x service then indraday half margin required depending on market volatility. Generally crude margin varies from 21000-30000. depending on brokers, level at which traded and market volatility.All the best.:thumb:

 

[MANISH_DAMANI]

changing my strategy on crude a ascending triangle is appearing in 4 hr chart breakout upside possible above $93.75 in intraday so wait will be better strategy I would like to out of trade.http://imgur.com/FFAGO

 

[MANISH_DAMANI]

Crude has break has given break out of triangle upside now $94 those want to play for break outs give $93.75 as stoploss and continue the trade.

 

[MANISH_DAMANI]

sell crude for 10 points 5159target for 10-15 points stoploss 5165

 

[MANISH_DAMANI]

stoploss triggered.

 

[MANISH_DAMANI]

again sell at 5172 for 10 points 5175stoploss for 10-15 points

 

[MANISH_DAMANI]

those who buy near $94 means bought near 5134 could exit as they get more than 30 points

 

[MANISH_DAMANI]

those who sold at 5172 exit at 5164. so that no loss for them

 

[MANISH_DAMANI]

now watch and wait for evening market as 30 points in our pocket.