mcx commodity trading

[k.raaja]

any one traded with me.. if traded then share your trade experience also

 

[k.raaja]

now reenter in coper longs only above 451.70 lvls by keeping sl at 450.20 lvls for tgt 452.80..454.20 cmp 451

 

[vpukken]

great going buddy.

 

[k.raaja]

i had given crude sell call below 4589 bleaaaaaaad made low 4569 lvls book full and close your trade or trail with stoploss

 

[k.raaja]

now reenter in coper longs only above 451.70 lvls by keeping sl at 450.20 lvls for tgt 452.80..454.20 cmp 451

first tgt done now cmp 453.. now trail ur profits. if your r safe trader book full profits.. if sustained above 453 lvls watch next tgt 454.20 and then 456 + :clap:

so again we are in gain of 1100 ++

 

[mehtaka]

Hello Raja,
Nice to see your calls, though i have few queries.
1) AS you tgt is 400-1000rs per day, how much is your max. loss of the day 400-1000 rs or you wait for the s/l to get hit.

2) Sometimes you exit, if you get 400/1000 rs, and sometimes you wait for the tgts, how u decide on this?

3) Do you follow any technical patterns, indicators. If yes, do tell us rather than giving calls.

Regs
Mehtaka

 

[k.raaja]

copper on fire now new high 453.95

 

[k.raaja]

Hello Raja,
Nice to see your calls, though i have few queries.
1) AS you tgt is 400-1000rs per day, how much is your max. loss of the day 400-1000 rs or you wait for the s/l to get hit.

2) Sometimes you exit, if you get 400/1000 rs, and sometimes you wait for the tgts, how u decide on this?

3) Do you follow any technical patterns, indicators. If yes, do tell us rather than giving calls.

Regs
Mehtaka

ok mehtaka, here the answers to your queries :

1 . i only trade when my trading strategy double confirmed.. so that there are less chance to get sl hit.. and more over i will keep stoploss maximum 1.5 k per one trade.. and once i have written here that i only take risk when i have previous profits.. here i am taking risk because previously i have gained from other trades.. and regarding my daily tgt i specified earlier that my minimal tgt is 400 to 1000.. so first of all i will keep this in mind and after booking nearly 1k profit only i will take risk to do more trades. the profit above 1000 is lottery to me... which will help me to take some riskier decisions while trading.. hope u get clear answer...

2. my first and main intention for daily before starting trading is to make atleast 400 to 1k on that day.. and i said that i only open fresh trade when my trading system double confirmes about the trade so if my trading systm changes it's direction then i will pick my minimal tgt amount and i will come get out from that trade.. gaining some thing is better than losing every thing right !

and one more thing regarding exiting from trade, it depends on charts/indicators.. if trend is changing i will manage my trades like exiting / trailing..

3. yes i purely take trades based on technical analysis..and by considering
some fundamentals( like current economy news, and current mkt trend ). and i trade mostly on H&s patterns, double top/bottom patterns, rounding bottom patterns and finaly 123-up/down patterns.. and indicators are stochastic, moving averages.. and i trade on 15 mts/30 mts charts

thats it.. hope ur doubts get cleared..

if you still having doubts, you can raise your doubts here.. i am ready to clear ur doubts:thumb:

 

[k.raaja]

copper high 454....... zoooooooooom i covered at 453.3 lvls completely.. if chance gets next time i will reenter

 

[k.raaja]

so todays trade history :

1. nicekl first time exited cost ---- brokerage lost
2. copper short from 450.20 to 447 lvls ( low 446.35 but covered at 447) --- 3.2 points * 1000 = 3200 ( by reducing brokerage)
3. coppre buy from 448 lvls ( some bought near 449 i think) and covred at 452 lvls ------- 4 points * 1000 = 4000

4. copper exited cost to cost once --- brokerage lost

5. crude buy call given and nickel sell call given risk players nickel short at 1305 lvls .. and for safe traders have to short below 1300 ... disclaimer: i didn't traded crude call but it made high 4605 lvls near first tgt 4607

so total 2 succesful trades with high profitability

so total is === -130 + 3200 + 4000 - 150 = 6700 gain after reducing all charges.. not bad i think

6. from copper longs ( from 451.70 to 453.30 ) gain of 1600 - 150(brkg) = 1450 profit again