My System - My trades.

[Vipul_84]

Removed...

 

[VJAY]

Got some good inputs from saving-ideas.com website

COMMODITY TRADING IN INDIA:

1. What are commodities?
Commodities are naturally occuring things.Well known commodities are Gold and Silver.Commodity trading involves buying and selling activities of physical things electronically.

2.What is commodity Trading?
Like Share trading we can do Commodity trading and can earn a good income.Basic principles are similar to share trading. Commodity Future Trading is cyclic Buy – Sell process. Trade can be initiated with either Buy or Sell position and square off with opposite position. Initiate Buy position for uptrend and sell position for downtrend.

3.What is the procedure to trade in commodity market?
There are different commodity exchanges in India like Multicommodity exchange(MCX),ICEX,NCDEX NSEL. MCX is the most preferred market for base metals,precious metals and Energy.It is a FUTURE market and traded based on Lot system. While NCDEX is preffered to trade in Agri commodities. One need to open a trading account with broker or sub broker registered at Exchange. We can not trade commodities in share trading- Demat account. For more details also visit MCX official website: www.mcxindia.com

4.Which commodities are available for trading purpose?
Precious metals : Gold,Silver.
Base Metals : Copper,Lead,Zinc,Nickel,Aluminium.
Energy : Crude oil, Natural Gas.

5.What is difference between Share trading & commodity trading?
Share market is much more about domestic events,share market will grow as per nations GDP growth. While commodity market is Gobal market.Commodity prices are needed to be same all over the world.Pices moves based on demand – Supply ratio. Also in India equity markets closed at 3:30 PM while Commodity markets are closed at 11:30 PM. (10 AM to 11:30 PM)

6.How can low risk traders trade in commodity market?
For low risk traders Mini and Guine Lots are available.Within few days trading in 1 Gram will also possible. E.g.Leadmini(1000 Kg),Zincmini(1000 Kg),Silvermini(5 Kg),SilverMicro(1 Kg),GoldMini(100 gram),GoldGuine(8 Gram), 1 Gram of Gold Petal contract.

7.What is the advantage of Future Market Trading?
In future Market,one needs to keep prescribed margin at MCX through your broker.Its not necessory to keep full amount in account. E.g. Consider Mr.”A” purchsed 5 Kg Silver in Physical market and Mr. “B” purchased it in Future Market. As Mr “A” have purchased in physical market he have to pay Rs.60,000 x 5 = 3Lakh to the jeweller.Also now he have a headche of safekeeping of the same. Mr.”B” have purchased 5 Kg of silver in future Market.. MCX will ask to keep a margin of around 6% in your account.i.e MCX want you to keep balance of Rs. 18,000 at a time. 8.What is differnce in Silver,,SilverMini and SilverMicro Lot? Silver is a Lot of 30 Kg.i.e. we are purchasing silver of 18Lakh and margin required is apprx. 80,000 at current rate of 62,000/kg and margin rate. Silvermini is a lot of 5 Kg. Silvermicro is a lot of 1 Kg,Here we can purchse 1 Kg of silver by keeping a margin of apprx Rs 3500/- in trading account as per current price of 62000 and rate of margin.

8.What is MTM?
Profit and loss in traders account reflected DAILY in account as per closing rate. E.g One trader kept margin of 20000/- in trading account.He purchased 1 Lot of silvermini (5 Kg)at rate of 60000. Suppose silver rates closed at 62,000/-.i.e.trader is in profit of Rs 2000/- per kg.so for 5 Kg profit is 10,000.and next day balance will be reflected as 30,000 which was 20,000 for preceeding day.

9.Is physical delivery possible in Gold?
Yes.It is possible.Gold is certified and 99.99% pure. For 1 Gram Gold petal trade,delivery possible in multiples of 8 gram.

Dear vipul,
Why you posting it here!!?IMO this thread is for advanced trading...all here know what they trading ...so keep this type of posts in beginners thread i think its better to newbies who starting trading ...

 

[Happy_Singh]

Dear Happy bro.
I think some mistake in code...its showing xero line as todays open OBV ...we need ydays OBV close.....or I miss something?

Hello Vijay

Please explain to me, in your understanding what is the difference in today's open versus yesterday's closing of OBV . . .

Please don't quote the values of OBV but what do you exactly mean by Open/Close of OBV

Thanks

Happy

 

[VJAY]

Hello Vijay

Please explain to me, in your understanding what is the difference in today's open versus yesterday's closing of OBV . . .

Please don't quote the values of OBV but what do you exactly mean by Open/Close of OBV

Thanks

Happy

Yes not much difference ...but this image itself tell what I meant...
in this image and what we want to look is if abv OBV close we look for long bias vice versa...so actual opening is abv ydays close level ...but if we go as per afl its trading blw obv hope you got what I seeing

 

[Happy_Singh]

Yes not much difference ...but this image itself tell what I meant...
in this image and what we want to look is if abv OBV close we look for long bias vice versa...so actual opening is abv ydays close level ...but if we go as per afl its trading blw obv hope you got what I seeing

In the above image you have marked it wrongly . . . so all your analysis is wrong . . .

On top of that you not answered my question . . . so I will ask again

Hello Vijay

Please explain to me, in your understanding what is the difference in today's open versus yesterday's closing of OBV . . .

Please don't quote the values of OBV but what do you exactly mean by Open/Close of OBV

Thanks

Happy

Now can you answer that ?

Happy

 

[VJAY]

In the above image you have marked it wrongly . . . so all your analysis is wrong . . .

On top of that you not answered my question . . . so I will ask again



Now can you answer that ?

Happy

Ok you are saying not to use figures as what I use to look for OBV ...But when I looking OBV lines I see difference above all I dont know what are the diferences...If you dont mind explain

 

[Happy_Singh]

Ok you are saying not to use figures as what I use to look for OBV ...But when I looking OBV lines I see difference above all I dont know what are the diferences...If you dont mind explain

To my mind yesterday close should be the today's open . . .

is it not so ?? or do we add volume when the markets are closed ???

Maybe someone who know better will come along and explain . . .


Happy

 

[VJAY]

To my mind yesterday close should be the today's open . . .

is it not so ?? or do we add volume when the markets are closed ???

Maybe someone who know better will come along and explain . . .


Happy

varun bhai know betterso hope we get some info to clear this confussion

 

[vivektrader]

Vivek bhai,
copy pasted using formula editor

Did exactly that, don't know what went wrong?

Vivek

 

[VJAY]

Did exactly that, don't know what went wrong?

Vivek

This is my afl looks like...

GraphXSpace=10;
_SECTION_BEGIN("On Balance Volume");
Ob = OBV(); e36 = EMA(Ob,36); e200 = EMA(Ob,200);
Plot(Ob,"",colorWhite,styleNoTitle|styleThick);
Plot(0,"",colorWhite,styleNoLabel|styleNoRescale|styleDashed,0,0,5,-5);
Plot(e200,"",colorBrightGreen,styleNoLabel|styleNoRescale);
Plot(e36, "",colorGold,styleNoLabel|styleNoRescale|styleDashed);
_SECTION_END();
ND = Day()!=Ref(Day(),-1);
LB = Ref(ND,-1);
Ob = OBV();
Zero = ValueWhen(LB,Ob);
Plot(Zero,"",colorWhite,styleNoLabel|styleNoRescale|styleStaircase|styleDashed);