MCX Silver Real Time Trading Log - 20% ROI

[marimuthu13]

Place sell order in system at 9.59 AM..

Silver May Fut at 51400.

Not sure we will get in this price..lets try..

 

[marimuthu13]

Place sell order in system at 9.59 AM..

Silver May Fut at 51400.

Not sure we will get in this price..lets try..

Open and High same..51240 ..

No trade..

 

[meherp]

Place sell order in system at 9.59 AM..

Silver May Fut at 51400.

Not sure we will get in this price..lets try..

no luck. Opened at 51240 and gone down

 

[marimuthu13]

Silver Trend is down.

Selling will be good option..but @ which point?

To minimize risk and maximise profit, We need to sell at S/R levels, so that if trade goes wrong, we are out of trade with less loss..if trade goes then we can get reasonble profits.

today Piovt is around 51400 ( didn't get a chance to sell at this place)

Support 1 is at 51090 ( missed to short at this place)

Now if we short, we need to place SL above S1 51090+100 points

but target is only 50730 (support 2) ..

Risk and reward is not much favour right now..

if any one is trading in Mini lot with more than 2 lots at a time..sell 1 lot at 50950 another one at 51050 if you get it there..

i am not entering any trade here..and going office now..will be back in evening..

Happy trading ...

 

[meherp]

Silver Trend is down.

Selling will be good option..but @ which point?

To minimize risk and maximise profit, We need to sell at S/R levels, so that if trade goes wrong, we are out of trade with less loss..if trade goes then we can get reasonble profits.

today Piovt is around 51400 ( didn't get a chance to sell at this place)

Support 1 is at 51090 ( missed to short at this place)

Now if we short, we need to place SL above S1 51090+100 points

but target is only 50730 (support 2) ..

Risk and reward is not much favour right now..

if any one is trading in Mini lot with more than 2 lots at a time..sell 1 lot at 50950 another one at 51050 if you get it there..

i am not entering any trade here..and going office now..will be back in evening..

Happy trading ...

I wld give it a try...selling 1 mini at 50950

 

[meherp]

I wld give it a try...selling 1 mini at 50950

tgt hit. booked at 50730.
220 pts profit in one mini.

Thanks a lot boss.

 

[marimuthu13]

4th trade

Sold silver May Fut at 51050 (phone order) SL 51300..

 

[marimuthu13]

Silver Trend is down.

Selling will be good option..but @ which point?

To minimize risk and maximise profit, We need to sell at S/R levels, so that if trade goes wrong, we are out of trade with less loss..if trade goes then we can get reasonble profits.

today Piovt is around 51400 ( didn't get a chance to sell at this place)

Support 1 is at 51090 ( missed to short at this place)

Now if we short, we need to place SL above S1 51090+100 points

but target is only 50730 (support 2) ..

Risk and reward is not much favour right now..

if any one is trading in Mini lot with more than 2 lots at a time..sell 1 lot at 50950 another one at 51050 if you get it there..

i am not entering any trade here..and going office now..will be back in evening..

Happy trading ...

Has anyody sold at 51090 levels based above msg expect Meherp?.....................

 

[aggy]

it's a very good thread to watch out .. great work guys

 

[meherp]

4th trade

Sold silver May Fut at 51050 (phone order) SL 51300..

sold at 51050.