How to trade Commodities - Gold, Silver, Crude Oil, Natural Gas

[kuldipsoni]

sir many-2 thanks for how to trade commodity.sir sugges any site for mcx commoditis chart rate in form rupee[india]

 

[uttamkamlesh]

Hi uttam,
I have a query regarding the attached chart.
It says profit booked at point B.
but it is on the verge of breakout of the channel to the upper side.
is it wise to hold for higher breakout or book profits in such a stage?

thanks
prashanth

(a) Unload 50% positions right at B.
(b) Rest 50% move with Trailing SL order.

Kamlesh Uttam

 

[uttamkamlesh]

sir many-2 thanks for how to trade commodity.sir sugges any site for mcx commoditis chart rate in form rupee[india]

Please take my words:

No use in using MCX charts for analysis, AT ALL. It's wrong to get pivot points etc. from MCX data.

Our markets are followers of international markets. Leaders are LME & NYMEX etc. FOLLOW only leaders and they open for 23.5 hrs X 5 days.
Reread posts in this thread for resources etc. It's all there already.

Regarding conversion of $ price to Rupee. Use proportion logic.

Suppose live international price of Gold is $1850 and that of our contract on MCX at the same time(live) is 28000.
Then at $Y international price, MCX price would be(28000/1850) x (Y)

Kamlesh Uttam

 

[prst]

Please take my words:

No use in using MCX charts for analysis, AT ALL. It's wrong to get pivot points etc. from MCX data.

Our markets are followers of international markets. Leaders are LME & NYMEX etc. FOLLOW only leaders and they open for 23.5 hrs X 5 days.
Reread posts in this thread for resources etc. It's all there already.

Regarding conversion of $ price to Rupee. Use proportion logic.

Suppose live international price of Gold is $1850 and that of our contract on MCX at the same time(live) is 28000.
Then at $Y international price, MCX price would be(28000/1850) x (Y)

Kamlesh Uttam

Thanks Kamlesh..
That means, we should follow the nymex charts and place order at current mcx price rite..

 

[kuldipsoni]

thanks kamlesh ji i understand we should follow the nymex,comex

 

[uttamkamlesh]

Uploaded with ImageShack.us

Monday morning NIFTY should either open at 4940 or should crash to this value later on by Tuesday.
This is Rising Wedge formation.

Trade: GO SHORT if market opens +ve/Gap Up.
STOP LOSS: 5175
TARGET 4940.

Guys! By this time NIFTY has already crossed the target to 4911.2.
I have covered my short positions. So you do.

Kamlesh Uttam

 

[fxgood]

i am using www.cbloomnews.net

 

[kuldipsoni]

sir i want good tips in mcx commodities like gold,silver etc.please suggas me about it

 

[chanduanu2007]

Please anyone suggest me how to trade in commodities? I have Dmat account with Sharekhan, am I eligible invest my money in gold MCX in sharekhan site, please advise me

 

[uttamkamlesh]

sir i want good tips in mcx commodities like gold,silver etc.please suggas me about it

Plz don't think of making Big money by someone else's Tips unless it is a paid service of a proven (which is rare) organisation which i at least don't know any.
Unless you are for Big money no use of so much hard work & stress in trading.

Firstly, Try to pick a suitable trading system.

Demo trade it, analyse your trades, refine trading rules.

Triple your money thrice in a row.

Then you are somewhat ready to make some money.

Man! It is very difficult to take money out of the markets.
Brightest brains work for you to ensure that!

Kamlesh Uttam