trade commodities in a simple way

[gurmy.]

GM friends,

update on copper for today

buy above 447.2

sl is 443

thanks

copper trade triggered @447.2

entered 3 mini @447.3

thanks

 

[subashps]

dear subash

i hope u r talking about copper

in this case buy is above 446.2

target is rs 4,s/l is rs 4 or pr day low,if target not met,square at close

no sell position in this

thanks

hi gurmy..,

thanks for ur immediate reply..sorry to interrupt u again and again..i am a beginner... you told me that no sell position in this... what do u mean by this.?whether selling is not advisible in this system ..? or we should not carry sell position for next day.....?

thank u.....

 

[gurmy.]

hi gurmy..,

thanks for ur immediate reply..sorry to interrupt u again and again..i am a beginner... you told me that no sell position in this... what do u mean by this.?whether selling is not advisible in this system ..? or we should not carry sell position for next day.....?

thank u.....

dear

i have backtested this strategy for last one year

and in that the sell position does not give positive results

that is why i do not recommend sell position

thanks

 

[gurmy.]

copper trade triggered @447.2

entered 3 mini @447.3

thanks

GM friends

closed copper 3 mini yesterday at 446.8

loss =447.3-446.8=0.50*3=1.50

for today buy above 448.9

thanks

 

[gurmy.]

update on lead:

long already open @ 121.75

added 1 mini @ 124.6

sl for added lot trrigered @ 124.15 ,loss=0.45

for today sl for remaining lot is below 123.7

thanks

 

[MANISH_DAMANI]

Sell crude near $88.41 stoploss $88.87 target $87.70 which is pivot point if that breaks $87.24/$86.53/86.07 keep trailling stoploss of $87.70 if that breaks. Strictly follow stoploss.

 

[null]

Sell crude near $88.41 stoploss $88.87 target $87.70 which is pivot point if that breaks $87.24/$86.53/86.07 keep trailling stoploss of $87.70 if that breaks. Strictly follow stoploss.

Does the Indian market (MCX) really trend the US markets soo accurately? Based on my observation, the corelation can be found only during India evening hours when the US market has opened and trades are happening at a brisk pace. I find the time from 5pm IST to 9pm IST ideal for any crude trading (including intra day swings or to get a direction for positional trades).

Manish: Can you pl. provide these numbers in rupees? so it is clear & easy for anyone to track it (if not trade).

Thanks.

 

[MANISH_DAMANI]

Does the Indian market (MCX) really trend the US markets soo accurately? Based on my observation, the corelation can be found only during India evening hours when the US market has opened and trades are happening at a brisk pace. I find the time from 5pm IST to 9pm IST ideal for any crude trading (including intra day swings or to get a direction for positional trades).

Manish: Can you pl. provide these numbers in rupees? so it is clear & easy for anyone to track it (if not trade).

Thanks.

Sir RS/$ cannot permit me to do so reason you your self explain in evening pure correlation after 5 pm because Indain currency market close that time. So you can multiply Rs/$ that time after 5pm adjustment. After 5 pm also something going on in Rs/$ which is not in my knowledge but still it is negligible. Sir better trade in evening. Secondly I have given the call on the basis of support resistence pivot point study along with stochastic and macd of hourly chart.As crude is overbought in nymex in 5 hr and 1 hrs chart when I have given my view.

You can easily track it go using this link : http://www.investing.com/commodities/crude-oil-advanced-chart
Thanz

 

[latha_1980]

GM friends

closed copper 3 mini yesterday at 446.8

loss =447.3-446.8=0.50*3=1.50

for today buy above 448.9

thanks

Gurmy,

Will you pls pls send me ur backtested file. I wanted to see just to get an idea abt trading in copper.........Txs!!!!

 

[MANISH_DAMANI]

Sell crude near $88.41 stoploss $88.87 target $87.70 which is pivot point if that breaks $87.24/$86.53/86.07 keep trailling stoploss of $87.70 if that breaks. Strictly follow stoploss.

Crude hit the 1st target yesterday after breaching just few cents its again bonce from there but still there is room but target revised at current level sell again but stoploss this time is $88.80 for today.if Breaks $88.23 pivot point and hit first target of $87.85 then keep trailling stoploss of $88.23.Target for the day are $87.85/87.29/86.91.On breach of every target make that target as trailling stoploss.