mcx commodity trading

[ajoydc]

kamlesh,

1. i use trendline to finding out levels

2. for eod i use amibroker, for realtime i use mcxactmini and broco trader

3. don't depend on single and small time frame... use multiple time frames, like 5 -15, 15-60, 60-240 minutes time frames..

Raajaji,

I am new to commodity trading, Please advice me the books/site that is helping me for better understanding the Chart/software/data ect.

Thank you

Ajoy

 

[ramant]

Which technical indicators u r using for making trades???

 

[sumeetsj]

Important read before you take any trades in Silver

http://en.wikipedia.org/wiki/Silver_Thursday

http://en.wikipedia.org/wiki/Nelson_Bunker_Hunt

 

[shrigsm]

silver 72000 target almost achieved
now if cross 50.45
then silver gone 300000 rs. in this year

 

[k.raaja]

Hi Raaja,

Is it safe that MCX follows international prices, at least in metals?
I believe so right now. What do you say?

Check out this site for international real time Gold, Silver, Crude data.
http://www.cx-portal.com/wti/oil_en.html

Kamlesh

yea kamlesh, mcx prices follows the international mkt prices. for example

GOLD : $ 1 In Comex = Rs 10 - 15 Price Movement in MCX Gold

SILVER :$ 00.01 In Comex = Rs 10- 15 Price Movement In MCX Silver

Crude Oil :$ 00.01 In Comex = 1 Points Price Movement in MCX Crude :thumb:

 

[k.raaja]

Raajaji,

I am new to commodity trading, Please advice me the books/site that is helping me for better understanding the Chart/software/data ect.

Thank you

Ajoy

first of all learn about candle stick patterns...

books on candle stick patterns by steve nison are very good...
1. candlestick patterns
2. beyond the candle sticks

above both books are good for candle sticks trading

3. Trading for living - by alexander elder
4. come in to my trading room - by alexander elder

above both books for indicators info and to overcome psychological problems
in trading

5. High probabilty trading strategies by miner robert

good book for to take practical trading decisions

videos on candle sticks

Forex Trading System - Candlestick Trading Series 1

http://www.youtube.com/watch?v=vVaSRwaqfwE&feature=channel
Forex Trading System - Candlestick Trading Series 2

http://www.youtube.com/watch?v=0Z6HVGHkq50&feature=channel
Forex Trading System - Candlestick Trading Series 3

http://www.youtube.com/watch?v=T8vi-JcdyH0&feature=channel
Forex Trading System - Candlestick Trading Series 4

http://www.youtube.com/watch?v=BylwPypxCac&feature=channel
Forex Trading System - Candlestick Trading Series 5

http://www.youtube.com/watch?v=hkJK71kD-zc&feature=channel
Forex Trading System - Candlestick Trading Series 6

http://www.youtube.com/watch?v=LEu0p00f3YI&feature=channel

videos on candle stick patterns

Candlesticks Vol 1 - Candlestick Design

http://www.youtube.com/watch?v=k9AlAvYa6MA&feature=related

Candlesticks Vol 2 - Candlestick Sentiment

http://www.youtube.com/watch?v=v2TkJDseG8I&feature=related

Candlesticks Vol 3 - Candle Development

http://www.youtube.com/watch?v=enPN5pIeGMo&feature=related

Candlesticks - Vol 4 - Candle Pattern Stages

http://www.youtube.com/watch?v=r8HRouyRKsg&feature=related

Candlesticks - Vol 5 - Shooting Star

http://www.youtube.com/watch?v=mt2_bm2Xy-4&feature=related

Candlesticks - Vol 6 - Hanging Man

http://www.youtube.com/watch?v=_wg_NjFj1gk&feature=related

Candlesticks - Vol 7 Hammer

http://www.youtube.com/watch?v=wHDgt2HYpnk&feature=related

Candlesticks - Vol 8 - Inverted Hammer

http://www.youtube.com/watch?v=xTP9gQ_6Sjg&feature=related

Candlesticks - Vol 9 Doji

http://www.youtube.com/watch?v=dWkSRpkU_Os&feature=related

Candlesticks - Vol 10 Harami

http://www.youtube.com/watch?v=WMwIHgV_FnU&feature=related

Candlesticks - Vol 11 - Dark Cloud Cover

http://www.youtube.com/watch?v=9fJyoez8j7c&feature=related

Candlesticks - Vol 12 - Piercing Pattern

http://www.youtube.com/watch?v=oaZ-BUoSu1s&feature=related

Candlestick Charting - Vol 13 - Bearish Engulfing Pattern

http://www.youtube.com/watch?v=q77CUI8AeHk&feature=related

Candlestick Charting - Vol 14 - Bullish Engulfing Pattern

http://www.youtube.com/watch?v=17V_5Y2rweA&feature=related

Candlestick Charting - Vol 15 - Evening Star

http://www.youtube.com/watch?v=bkfg7icb6J4&feature=related

Candlestick Charting - Volume 16 - Morning Star

http://www.youtube.com/watch?v=hoieLD74QTQ&feature=related

Trading strategies with candle stick patterns
Trading Strategy Part 1

http://www.youtube.com/watch?v=JoBrQ-D6xmw&feature=related


Trading Strategy Part 2

http://www.youtube.com/watch?v=VbyifVYQdxA&feature=related

Videos on Trendlines

How to Use, Construct and Interpret Trendlines

http://www.youtube.com/watch?v=0OcHUngNYP4&feature=related
Learn how to use trend lines as an exit...

http://www.youtube.com/watch?v=F7x9m6XbUZg&feature=related
How To Identify the Support and Resistance on your Charts

http://www.youtube.com/watch?v=_o1G1-98CrA&NR=1
How to draw trendlines

http://www.youtube.com/watch?v=lDBwJ3jCvaQ&feature=related
TradingCoach - How to draw Tendlines

http://www.youtube.com/watch?v=E3wBaZ5Iwa0&feature=related
How to draw trend lines

http://www.youtube.com/watch?v=5v72zMtO3Mk&feature=related

videos on technical analysis

http://www.youtube.com/watch?v=1SKY-hY-Ytc&feature=player_embedded#!

Joe Duffy: Spotting Short Term Opportunities

http://www.youtube.com/watch?v=xxjT1J2y6rw

Don Fishback: Four Steps to Options Trading Success

http://www.youtube.com/watch?v=lyw937Oink4&feature=related

http://en.wikipedia.org/wiki/Jesse_Lauriston_Livermore
:clap::clap::clap:



Hope Mods, don't delete the links...

 

[k.raaja]

Which technical indicators u r using for making trades???

i use rsi, macd, stoch and emas :clap:

 

[k.raaja]

http://www.candlecharts.com/GRE/summit_gary/

 

[uttamkamlesh]

many thanx Raaja for the links and guiding new guys.

Your success inspire me. I now think after a fight of 2-3 years i should also make good trades.

Kamlesh

 

[comm4300]

thank you for the amazing links....!:thumb: