mcx commodity trading

[ajoydc]

Raajaji

We are looking for your advice.

Thank you.

 

[k.raaja]

Intraday trading advices... On april 19 2011

buy copper above 415.30 sl 413.70 tgt 416.30/417.50/418.80
sell copper below 413.70 sl 415.30 tgt 412.70/411.40/410.20/408.90 --

buy zincmini above 104.60 sl 103.60 tgt 105/105.70/106.25
sell zincmini below 103.60 sl 104.60 tgt 101.80 /102.55/103.20

buy crudeoil above 4753 sl 4742 tgt 4760/4768/4777 ++
sell crudeoil below 4742 sl 4753 tgt 4736/4727/4719--

wait for 10 to 15 mts after mkt opening to trade in this lvls...

 

[k.raaja]

Quick Fundamentals on Silver:

In 1900 there were 12 billion oz of silver in the world. By 1990, estimates say that figure had been reduced to around 2.2 billion ounces of silver. Today, that figure has fallen to less than 1 billion ounces in above ground refined silver. It is estimated more than 90% of all the silver that has ever been mined has been consumed by the global photography, technology, medical, defence and electronic industries.

On current supply/demand trends, the amount of above ground refined silver is projected to shrink to even lower levels in the coming years. Industrial demand has been outstripping mining supply for most of the last 20 years, driving above ground supply to historically low levels. Few in the investment world are aware of this important fact.

Silver production has been flat in recent years while demand has been increasing. This hasn’t resulted in significantly higher prices yet because the world has been able to fill the gap from inventories and official government stockpiles.

However, today the U.S. government’s stockpile is all but gone, and sales from other official sources, such as China, Russia and India, are declining, too. The decline in refined silver stocks, from around 2.2 billion ounces in 1990 to around 300 million ounces today means that silver stocks are near an all time low.

Silver is unusual as its supply is inelastic.

This means that silver production will not ramp up significantly if the silver price goes up. Supply didn’t increase significantly in the 1970′s when silver rose more than 35 fold in price – from $1.40/oz in 1971 to a high of nearly $50/oz in 1980. Importantly, silver is a byproduct metal and some 80% of mined silver is a byproduct of base metals. Higher prices for silver will not cause copper, nickel, zinc, lead or other base metal miners to increase their production. In the event of a global stagflationary or deflationary slowdown, demand for base metals would likely fall thus further decreasing the supply of mined silver.

source : email

 

[k.raaja]

copper first time sell sidee made low of 411.95 almost first tgt done...

copper buy side hits all tgts and made high of 419.60

overall gain is 1000 + 3500 = 4500 per one lot

zincmini sell side first tgt done
and buy side sl hit loss of one point total loss of 600 per one lot

 

[uttamkamlesh]

Hi Raaja,

I am observing your calls since you started this thread. Quite amazed!
May you plz recommend some material to read so that i too learn this technique and improve my trading. Due to office i can trade after 7 PM only (when u r already done). Thanx!

Kamlesh Uttam

 

[k.raaja]

dear kamalesh, try to read " high probability trading strategies by robert c miner " book for quick reference. very good book in my list according to trading prospective

 

[uttamkamlesh]

Thanx!...I have read R C Miner's book 1.5 times and found it extremely good, in fact, the best material till now. But i have still not been able to fix any method to trade in commodities.

I would be great for everyone here if you can discuss your system, settings, and line of thought process.

Kamlesh

 

[k.raaja]

dear kamalesh, i dont use any miscellaneous settings.. i use

1. candle stick patterns

2. stochastic ( and >5bar overbought/sold concept)

3. macd

4. rsi

5. multiple time frame techniques

6. clubbing pivot point lvls by chart lvls

thats it.. :thumb:

 

[k.raaja]

trading advices on april 21 2011



buy copper above 425.50 sl 423.90 tgt 426.50/427.80/429.10/430.40/431.70 +

sell copper below 423.90 sl 425.50 tgt 422.90 / 421.70/420.30/419 --

buy zincmini above 104.50 sl 103.70 tgt 105/105.60/106.30/106.90 +

sell zincmini below 103.70 sl 104.50 tgt 103.20/102.60/102/101.30 --

buy crudeoil above 4953 sl 4942 tgt 4960/4969/4978/4986/4995 ++

sell crudeoil below 4942 sl 4953 tgt 4936/4928/4918/4909 --



wait for 5 to 10mts after mkt opening to trade as per above lvls...

Meanwhile i update dynamic levels...

All the best...

 

[k.raaja]

buy and hold crude oil in every dips with sl 4880 tgt 5110 ++ now trading around 4950 lvls

pick in dips