How to trade Commodities - Gold, Silver, Crude Oil, Natural Gas
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Hi....If you go through all the posts in this thread you would notice that my effort has been the same wherever possible. Please refer posts #94, #142, #170, #182, #200, #202, #205, #241, #243, #251, #279, #350, #356.
Gradually, I am going to divulge everything i know about WW and I expect very soon you would do the same for all of us what you are asking from me
. Man!...i am a day jobber 8:30-5:00, a family man, also physician told 'early to bed & early to rise...'...and to refrain from PC screen as much as possible.....some restrictions in office too....i hope you can understand
.Kamlesh Uttam
Diverging lines are never allowed in WW pattern.
Parallel lines also succeed but that success can be attributed to market holding 1-3-5 line, not WW pattern.
I think in this case lines are converging.
Volume spike at point 5 is the most important confirmation of it being WW.
Uploaded with ImageShack.us
Parallel lines also succeed but that success can be attributed to market holding 1-3-5 line, not WW pattern.
I think in this case lines are converging.
Volume spike at point 5 is the most important confirmation of it being WW.
Uploaded with ImageShack.us
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Hi Uttam,
I learnt WW quite sometime back from one of the threads here or in Saint's forum , I dont remember. There was a ppt also for beginners with ratios. ( I wish I could post that , but my old HD crashed and with that went all of that). But what I did realise was that sometimes even if the ratios were right , the W did not work AND there were times when even if the ratios weren't right it worked out. What was needed was a swing high and a swing low , plus the symmetry should look right. In my experience it would then work out.
Not withstanding that I mostly use W to identify an impending move and then look for confirmations through various other oscillators , fundamentals etc.
Which is why I had asked you about the nifty bullish W yesterday. Murtaza is a much more experienced trader and who has a good strike rate with W.
regards
I learnt WW quite sometime back from one of the threads here or in Saint's forum , I dont remember. There was a ppt also for beginners with ratios. ( I wish I could post that , but my old HD crashed and with that went all of that). But what I did realise was that sometimes even if the ratios were right , the W did not work AND there were times when even if the ratios weren't right it worked out. What was needed was a swing high and a swing low , plus the symmetry should look right. In my experience it would then work out.
Not withstanding that I mostly use W to identify an impending move and then look for confirmations through various other oscillators , fundamentals etc.
Which is why I had asked you about the nifty bullish W yesterday. Murtaza is a much more experienced trader and who has a good strike rate with W.
regards
Hi....If you go through all the posts in this thread you would notice that my effort has been the same wherever possible. Please refer posts #94, #142, #170, #182, #200, #202, #205, #241, #243, #251, #279, #350, #356.
Gradually, I am going to divulge everything i know about WW and I expect very soon you would do the same for all of us what you are asking from me.
Man!...i am a day jobber 8:30-5:00, a family man, also physician told 'early to bed & early to rise...'...and to refrain from PC screen as much as possible.....some restrictions in office too....i hope you can understand.
Kamlesh Uttam
Gradually, I am going to divulge everything i know about WW and I expect very soon you would do the same for all of us what you are asking from me
. Man!...i am a day jobber 8:30-5:00, a family man, also physician told 'early to bed & early to rise...'...and to refrain from PC screen as much as possible.....some restrictions in office too....i hope you can understand
.Kamlesh Uttam
I think this was one wave in 5 min Nifty that we could have traded for some 30 odd points.Im not able to get the volume when i save the chart but the volume seems have a nice saucer shape at point 5 and thereafter. And also we had a wave formed on the 3-4 line( but im not sure if thats right). please cheek and guide.
Diverging lines are never allowed in WW pattern.
Parallel lines also succeed but that success can be attributed to market holding 1-3-5 line, not WW pattern.
I think in this case lines are converging.
Volume spike at point 5 is the most important confirmation of it being WW.
Uploaded with ImageShack.us
Parallel lines also succeed but that success can be attributed to market holding 1-3-5 line, not WW pattern.
I think in this case lines are converging.
Volume spike at point 5 is the most important confirmation of it being WW.
Uploaded with ImageShack.us
thanks for ur post. I would like to know does a bigger WW with a smaller WW pattern within it attracts more importance n more of confirmation of getting EPA. About ETA Bill Wolfe himself explained in his course that ETA holds lesser importance when compared to EPA.....is there any other view of urs about WW study regarding ETA.....more light on this will be of more help as "TIME" plays a key role in any trading strategy......bcoz holding period and margin are two most important things while trading in commodities.......hope u will reply................thank u very much....................:thumb:
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