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

[uttamkamlesh]

Hi Kamlesh valuable information you have provided. I use some chart those are free to download. They prices are in dollar. They are on real time chart. So doing any technical study on it help me to take position in local market. Can u provide your contact number so that we can share the things.

Hi Vinod....Please go through all the posts in the thread.
You would love it!....i hope.

Kamlesh Uttam

 

[uttamkamlesh]

Hi i need tips on commodities trading.. i have already into commodities trading for gold and silver... but got huge loss in silver.. please anyone suggest me the technical analysis how to make money in commodities trading please...

Please go through all the posts in the thread and keep a track of it.
I hope in a few months you would do much better with some hard work, of course.


Kamlesh Uttam

 

[srinivas_rao]

Thanks a lot Kamlesh... can i have your number.. please mess me ur number to my mail ID or contact number..
Mail ID [email protected]
Contact no. 9980024689

 

[uttamkamlesh]

CRUDE OIL : 60 min

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[uttamkamlesh]

Guys! This the trade i am presently in today.
Same old fundas.

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CRUDE OIL : 60 min

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[uttamkamlesh]

Guys! this is the trade i would be waiting to take.
Let's hope it does not happen while we are sleeping in India.

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[uttamkamlesh]

Let's see how gold pans out....

This is what i anticipate...as per Wave Theory and Trendlines and Fibonacci Analysis.

Gold became a victim of Hedge fund selling which has a feature 'when they sell they sell at any cost'.

 

[KID_of_MARKET]

CRUDE OIL : 60 min

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In this scenario Where to book profits?
At every lower low ?
or at last when trend line break upside ?
And suppose I have taken position at first kiss when to exit it??.... at next lower low or add in to when next lower high forms and exit all the trades at trend line break?

 

[uttamkamlesh]

In this scenario Where to book profits?
At every lower low ?
or at last when trend line break upside ?
And suppose I have taken position at first kiss when to exit it??.... at next lower low or add in to when next lower high forms and exit all the trades at trend line break?

Best way is to lock profits first by a trailing Stop Loss order.
Initially two candles back then one candle back.

By experience we get a better feel where to exit after we have already locked in some profits.
(a) LL
(b) at Number support like $80, $75, $70 etc.
(c) Bullish Stoch crossover.
(d) HH-HL in immediate lower TF.
(e) Descending channel by BRL and a parallel line passing through LL.
(f) Fibonacci projections

Wherever there is a chance of good support, or market gets bullish news etc. we exit.
I think Stochastics crossover is a better choice for a beginner.

Remember picking the bottom is not what we try.

Finally, i don't do pyramiding in this method. I don't find any place to do so.


Kamlesh Uttam

 

[uttamkamlesh]

Guys! I have two more books to recommend, a must read for a genuine trader.

1. Reminiscences of a Stock Operator - American author Edwin Lefvre
2. Trading for a Living - Dr. Alexander Elder (Classic Book, almost everyone successful has read it)

Kamlesh Uttam