trade commodities in a simple way

[null]

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

Thanks Manish for the update. Pl. dont "Sir" me . Trade only after 5pm is a good advice considering the volatility in $/Rs and the commodity prices itself.

That link is very helpful. Is it near real time? or delayed? Let me check it today evening to see if the movement is in par with the Indian market charts to understand if it is real-time or delayed.

Also, can you pl. elaborate on your support/resistance pivots analysis for everyone's benefit along with your charts (instead of just the outcome of your analysis - in terms of numbers?). It will be helpful for everyone who want to learn to analyse the charts technically.

PS: Gurmy, sorry for hijacking your thread.

 

[TraderRavi]

trading before 5pm is useless, commodities move only after LME opens......
all the international charts are in USD and in different quantities like 'oz' etc.......so we have to multiply by Ex. rate x grams/oz etc...

 

[gurmy.]

GM friends

sl for long trade which opened at 121.75 is below 125.60

thanks

 

[latha_1980]

gurmy,
GM, whts ur level on copper today as i didnt watch two days high and low

 

[MANISH_DAMANI]

Thanks Manish for the update. Pl. dont "Sir" me . Trade only after 5pm is a good advice considering the volatility in $/Rs and the commodity prices itself.

That link is very helpful. Is it near real time? or delayed? Let me check it today evening to see if the movement is in par with the Indian market charts to understand if it is real-time or delayed.

Also, can you pl. elaborate on your support/resistance pivots analysis for everyone's benefit along with your charts (instead of just the outcome of your analysis - in terms of numbers?). It will be helpful for everyone who want to learn to analyse the charts technically.

PS: Gurmy, sorry for hijacking your thread.

I am telling my view by watching charts in mt4. There I have some written programs by some expert. If you use mt4 alpari.uk I can give you these programs. its free in demo.I use amibroker for MCX, I also use link which I have given you and net dania for U.S. data real time news. Secondly pivot study is just a part lots of thing required.I dont use single study- I use macd, stochastic,ema, bollinger band, ichimoku kinko hyo system, pivot support resistance, normal support resistance,heiken ashi candle stick which are important part of my analysis and my sixth sense too.Along with it w pattern, cup and handle pattern, triangles pattern, trendlines, head and shoulder pattren, wedges etc. many things.Because if I give you sword if you dont know when to strike and where to strike then it will injure you. Its experience that will teach you. My personal strategies are different and it can only be practiced in real market and with sixth sense and experience. So dont get excited. Use your brain you will definitely success. Its need lots of hard work too.

And yes it is 99% correlation after 5 pm in crude, silver, gold, copper specially. I do scalping based on Nymex chart of crude not mcx. I use mcx chart just for reference specially for lead, zinc.
Good luck.

 

[null]

..Because if I give you sword if you dont know when to strike and where to strike then it will injure you. Its experience that will teach you. My personal strategies are different and it can only be practiced in real market and with sixth sense and experience. So dont get excited. Use your brain you will definitely success. Its need lots of hard work too..

Request you to share more details on your approach please. The reason to ask is to understand how you are coming up with your strike prices based on the analysis. Thanks

 

[MANISH_DAMANI]

Crude has made bearish gartley in 4 hr chart of comex . One can sell with stoploss $89 positional for the target of $86 or more . Keep trailling losses.http://i.imgur.com/ISFUh.gif

 

[MANISH_DAMANI]

Re: trade commodities in a simple wayr

take care.

 

[gurmy.]

gurmy,
GM, whts ur level on copper today as i didnt watch two days high and low

hi,

last two days cont copper gave buy, and both days it ended in loss

moreover,as per rules we should not trade on cont third day

that is why i did not post the levels

will post tomorrow

thanks

 

[latha_1980]

hi,

last two days cont copper gave buy, and both days it ended in loss

moreover,as per rules we should not trade on cont third day

that is why i did not post the levels

will post tomorrow

thanks

txs for your reply gurmy!!!!