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

Easier to Trade - Commodities or Indexes or Stocks

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uttamkamlesh

uttamkamlesh

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#432
#432
uttamkamlesh said:
Guys! check out this chart of INFY...



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Reasons of Trade:

(a) HH-HL means uptrend established. LH-LL means downtrend established.
(b) BUY or SELL with Stoch crossover.

This week NIFTY has made bullish engulfing pattern. Now, let's wait for SELL signal.

Kamlesh Uttam
Click to expand...
Today's volume action on INFY Daily charts conveys profit booking on longs has already started.

You may SELL it...with SL @ 3051.



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uttamkamlesh

uttamkamlesh

Banned
#433
#433
KID_of_MARKET said:
WW in INR JPY 30 Min (one that is traded in nse)
Kamlesh Sir, Is this volume spike enough?

Click to expand...
1. We want to see spike at the candle which makes point 5...i.e. extreme in that area. Here it's not the case, even if you compress the chart to 60 min.

2. More the convergence of 1-3-5 & 2-4 lines more is the profit potential and faster EPA progress......
 
uttamkamlesh

uttamkamlesh

Banned
#436
#436
KID_of_MARKET said:
Sir It's Your method, which is running in profit.:):thumb:
I am just paper trading, No actual trades in commodities.
Click to expand...
Keep a record of your paper trading in a diary. Include everything even your emotional description just like Jesse Livermore did.

If we stay here in this thread with the same enthusiasm for 6 more months you would be quite ready with a solid base for the long race.
 
uttamkamlesh

uttamkamlesh

Banned
#438
#438
KID_of_MARKET said:
Sir, If we calculate money at risk for one lot from today's close then it will be (2684-3051)*125=45875
Any solution ?:confused:
Click to expand...
See..... INFY has cut its guidance for next quarter.
There is very little chance it would hit SL without making a HL, at least.

(a) Shorting tomorrow will be aggressive trading. You may sell it on Stochastics reversal as well. Also watch open interest for big guys for a relaxed entry.

(a) Now if a Stop Loss is too much....we must leave the trade.
Paper trade it. It only adds to your experience.

There are numerous trades available.
 
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