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

[myamit]

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Guys! You may take the trade.

You mean short crude with a target of $78 or so (what would be SL in $$ terms). I could not understand this chart... could you please elaborate?

Also if you can specify price at MCX terms & preferred SL?

 

[uttamkamlesh]

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hi Mr.kamlesh,
Thanks for ur suggestions. i would like to know that how much fall can be expected before its back on the retracement path. sir will there be any correction about 50 per of fibonacci or just a minor correction is expected.sir do u use just trendline or any other strategy. i'm paper trading SH-315, SH -534........along with trendlines. if u hv any idea regarding these strategies being traded on commodities then pls let me know. can u pls post the crude oil and gold,silver charts with the valid trendline indicators.......hope u will reply soon. thank u.............:thumb:

Theorem 11: After a breakout/breakdown market is very likely to retrace back and get bounced off the Trendline/Level which it broke/conquered. That is the confirmation action for surer move ahead.

Trade any method but know it fully. Frame the rules and follow them religiously when you go live.. That's it.


Kamlesh Uttam

 

[uttamkamlesh]

You mean short crude with a target of $78 or so. I could not understand this chart... could you please elaborate?

Yes! Target is $83 first then $78.
Please Google out Wolfe Waves and read and practice as much as you can.

 

[myamit]

Yes! Target is $83 first then $78.
Please Google out Wolfe Waves and read and practice as much as you can.

Dear Kamlesh,

It may be too early to say but would you consider this as failed trade. As it seems most SL at 88 may have hit. Or you suggest to keep SL little wider.

Regards,

 

[uttamkamlesh]

Dear Kamlesh,

It may be too early to say but would you consider this as failed trade. As it seems most SL at 88 may have hit. Or you suggest to keep SL little wider.

Regards,

SL is still at $91.12 to negate the trade.
Trade should close in the coming week.
Crude would sink with S&P500 and faster.

 

[vivek266]

Thanks for your reply with points . your prediction downfall in crude is well predicted crude is now around 84.30.today gold has a breakdown of a trend line supported by around 5 times in hourly chart (red Line) and below closed in 4 hour chart also so can we predict the target and time to reach there if it confirms the breakdown

thanks
http://img21.imageshack.us/img21/3222/goldk.gif

 

[pkamalesh]

Hi kamlesh sir..Just wanted to check if this is valid..i think the symmetry is not good but thought will post it and check if we could consider it to be valid..

 

[pkamalesh]

Hi kamlesh sir..Just wanted to check if this is valid..i think the symmetry is not good but thought will post it and check if we could consider it to be valid..

Looked like more of a Channel BD than anything else...

 

[amanfree]

You mean short crude with a target of $78 or so (what would be SL in $$ terms). I could not understand this chart... could you please elaborate?

Also if you can specify price at MCX terms & preferred SL?

Basically crude was forming wolf wave with targets as indicated

 

[uttamkamlesh]

SL is still at $91.12 to negate the trade.
Trade should close in the coming week.
Crude would sink with S&P500 and faster.

Guys!...by now a Low of $82.63 has been made.
SL comes to $85.12.
Those who want to exit may do so now.
I have exited 2/3 of my positions. Cleaned the table!!!

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