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

[NANDAMAD]

@ vijay

what is EPA often referred to by Uttam sir

 

[VJAY]

@ vijay

what is EPA often referred to by Uttam sir

EPA=expected achievable price......dioganal line shows on WW pattern is EPA line

one more is there but not using it ...
ETA=expected achievable time......

 

[mdrafi67]

Ex-Post Analysis of WW on Copper:

Although we would have been Stopped out earlier.... But still for academic purposes... WW achieved the Target within a reasonable Time...

For someone who didn't trail his stops.... this WW made him richer by a whooping 10% in a span of just 4 days..

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HI,
ADITHYAJI good post analysis.........will there be any correction possible after achieving WW EPA target........once it breaks the TL then again a new WW pattern can be seen on the same charts..........hope to post those charts..........good work keep going.......CHEERS!!!!!!!!!!!!!!!!!!!!!:thumb:

 

[Kenn6eth78]

I don't trade any of these commodities as of now but it is really heartening when you see someone put up a post like this explaining their system instead of the "Buy XXX at 1234" posts you usually see on the commodities section.

 

[adityasaraf007]

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HI,
ADITHYAJI good post analysis.........will there be any correction possible after achieving WW EPA target........once it breaks the TL then again a new WW pattern can be seen on the same charts..........hope to post those charts..........good work keep going.......CHEERS!!!!!!!!!!!!!!!!!!!!!:thumb:

Rafi Sahab..... we cannot say anything about what would happen after the Target of WW is achieved... I have seen some of the Trades which have continued in the direction of the Trend even after the Target is achieved.... So, nothing can be said for certainty if there would be Short Term Correction or not.... However, in some the recent WWs I have observed that price tends to reverse after hitting the Target.... Anyways, Kamleshji is in a better position to discuss his observation about this....

Regarding a new WW after the break of TL.... I cannot see it.... Can you please post the Chart with markings...

 

[adityasaraf007]

Kamleshji... in the recent past we have seen the action of Wolfe Waves and now I guess everyone following this Thread would appreciate its power....

However, I would like you to please discuss about where to place the Initial Stops and how should we trail it.... You had earlier posted this about trailing SL...

 

[sredhar]

Hi Uttam,

Attached Nifty 60m chart. The formation seems to exist in all time frames of 30m, 10m etc. Is this WW correct??

 

[adityasaraf007]

@Sredhar

For a Bullish Wolfe Wave, both the lines 1-3-5 & 2-4 must be falling.... They must look like a falling Wedge....

This is a Triangle Formation...

 

[vivek266]

Copper 60 min shows inverse Head & shoulders pattern

 

[luckycharm]

Hi UttamKamlesh. your inputs have been very helpful and encouraging for traders like me. thanks for all the time you are taking in passing on your knowledge to all of us. also please let me know the links for international live charts for metals like aluminium, nickel and zinc. thanks again.

Hi Guys!....Plz save your TIME and MONEY on charting from data from MCX as any conclusion about support/resistance, candlesticks patterns or trendline, etc. would be WRONG. MCX trades for 13.5 hrs whereas international markets trade for 23.5 hrs a day.

Why? Because MCX trading follows international prices from NYMEX, COMEX, LME, etc.

Follow international charts only and don't ever pay a rupee to anybody either for software or data or trading system. That's not even needed leave being worth it.

For STOCKS best and most accurate charting facility along with all basic TA tools is available on Reuters website(for free). Suppose you want to analyze SBI click on the link:
http://in.reuters.com/finance/stocks...?symbol=SBI.NS

For COMMODITIES: Suppose you want Silver at your desktop:
http://quotes.esignal.com/esignalpr...&chart.bardensity=LOW&x=29&y=9&chart.studies=

Reuters, eSignal.com, Quote.com all are among the best data vendors in the world. Just their free service is 10-12 min delayed with real time data. Highest accuracy is what i want, which is here, no doubts.

If you want just 30 seconds delayed data for Crude Oil, Gold, Silver go to this link.
http://www.cx-portal.com/wti/oil_en.html

'Higher the TF better the profitability' so 10-12 min delay doesn't affect my trade plan. So where is the need for paying a single paisa to any vendor?

For expert technical analysis also on daily basis here are the links:
http://www.reuterstechnicals.com/cat...ls/daily-nifty
http://www.oilngold.com/ong-focus/technical/

Plz don't ask anybody for tips, check out above links and plan your trade and be self-reliant.

Also you may track my thread and start practicing TA, it's all in the books and out of secret boxes. Anyone can read and learn and trade profitably.

We don't have to discover the Wheel again and again.

Kamlesh Uttam