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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#751
#751
hills_5000 said:
HI Uttam,

The last W. you would have shorted at point 5 , right ? it then went down and retraced all the way to point 7. Would have been a failed W right since SL would have been hit seeing the price reverse and head towards point 7.......YES! this is a loss making trade. But volume spike at Point 7 would again give a trade and when WW forms with 1-3-5-7 it has higher chances of hitting EPA, very common in commodities (e.g. latest WW on Crude, overnight trade.)

So with real money I dont think it would have worked for sure. It would have been a losing trade.

Next. Isnt there a W formed ( bullish one) and as of today the price is on its way upto the EPA?

just my observations:)
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Kavima

Well-Known Member
#753
#753
hi Uttam

Since I use median lines,trendlines as my main tool in my analysis , the similar thought process in yr charts makes reading yr thread very interesting.:)
Thanks for sharing yr experience.
Adding a chart below of Banknifty 30 min chart with the Wolfe wave drawn.Is the formation right ? appreciate yr comments.
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uttamkamlesh

uttamkamlesh

Banned
#754
#754
@Kavima,
Welcome to the thread.
In one post i have provided a link to download the original Wolfe Wave manual. Please download it and go through it. That would make things very clear.

Well this is not correct WW as 1-3-5 and 2-4 lines are not converging.
Your point 1 should be swing Low.
 
mdrafi67

mdrafi67

Well-Known Member
#758
#758
CRUDE VIEW..........
CRUDE ON M-63 CHARTS HAS FORMED FLAG-POLE PATTERN AND A RISING COMPRESSION CHANNEL AND ANY BREAK OF THIS WILL TAKE CRUDE IN FURTHER DIRECTION.......MOST LIKELY IT MAY HEAD TOWARDS NORTH...........SO KEEP WATCHING....



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MR
 
mdrafi67

mdrafi67

Well-Known Member
#760
#760
mdrafi67 said:
GOLD ON M-15 CHARTS HAS FORMED A SMALL WW PATTERN.........



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MR
Click to expand...
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GOLD VIEW..................
GOLD FORMED A SMALL WW PATTERN ON M-15 CHARTS...........OUR EPA GOT NAILED @1710$..........WHILE WE WERE SLEEPING IN INDIA..........COOL.......





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CHEERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:thumb:
MR
 
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