Thread for experienced professional commodity traders

[NCDEX Boss]

This is a thread for serious and experienced swing, intraday, positional commodity traders to discuss strategies on energy, base metals and bullions.

 

[NCDEX Boss]

Traders can discuss strategies and their trading style here along with their preferred commodities they like to trade. And also discuss how they manage risk and keep themselves focus and calm. And also how they coup with losses. So traders it's a great thread for you to learn and improve. Thank you!

 

[NCDEX Boss]

List of liquid actively traded contracts on MCX-
Aluminium
Copper
Crude Oil
Gold
Lead
Natural Gas
Nickel
Silver
Zinc

Mentha Oil is also active but is comparatively less liquid.
I would advise against trading in any other commodities like CPO, Kapas, Cotton as these have very thin volumes and can cause heavy slippage and impact loss.
Also if you are big trader avoid trading in mini contracts of Commodities, because if you enter big orders in mini contracts there will be big slippage and impact loss so be careful.
Best of luck
Regards
NCDEX Boss

 

[NCDEX Boss]

Most of the Non-Agri Commodities take prices from international exchanges like London Mercantile Exchange, Chicago Mercantile Exchange and New York Mercantile exchange. The Indian ruppee value against the dollar also affects the prices of commodities. The most volume on Non-Agri scrips like Crude Oil, Natural Gas and Copper can be seen in the evening time when the US market opens.

 

[hir0406]

Can I post charts ??

Sent from my MI 4W using Tapatalk

 

[natjay]

Can I post charts ??

Sent from my MI 4W using Tapatalk

I think we should be able to do so.

Trading is about visual confirmation.

Here's a 40 paise scalping trade on Zinc Mini today

Long at 125.25
Exit at 125.65

 

[natjay]

NCDEX Boss,

Can you clarify these two questions:

1. Is there a free or low-cost commodity trading platform with real-time data? I'm using investing.com to track but the quotes are delayed by 15 mins or so. Even MCX real time is actually delayed by 10 mins or so. Do you know any other platform where we can monitor almost in real time? I know about Amibroker, Tradingview and NinjaTrader, but I want to know if there is something else.
   
2. What are your views on positional trading in Cardamom MCX contracts? Is there liquidity?

Thanks in advance.

 

[NCDEX Boss]

natjay ji, I advice you open an account with Zerodha and use their Pi charting software. It's a powerful, advance and user-friendly charting software. And the quotes are real-time tick-by-tick, no delay. It'll serve as a good starting point with no costs. After you get well versed with analysis, you can move to Amibroker for more advanced analysis and backtesting.

Answer to 2nd question
Cardamom unfortunately is a very illiquid contract. I would not advise trading in Cardamom. As it can be easily manipulated by operators. Due to low volumes.

Keep posting your questions without any hesitation, I'll be more than happy to help.

Regards
NCDEX Boss

 

[NCDEX Boss]

I am sorry to say, but I would like it if this thread is not used a trading journal or chart posting. The purpose of this thread is to help the new traders to learn strategies and improve their trading psychology and also provide information on what moves the commodity market like news. As far as charts are concerned it'll be of little use for the novices to see someone's trade as they have little understanding of the setups.
Regards
NCDEX Boss

 

[toingpoing]

For real time data feed to be used in Amibroker,there are vendors who provide services for as low as Rs.500 per month. Better to subscribe to them rather than getting delayed quote from free providers.