MCX Daily Levels by Tamil Trader with highest accuracy

[Tamil trader]

Date : 21.11.2013
Product : LEAD
Good Level to go LONG : 129.70
Good Level to go SHORT : 130.40
Today Long Breakout Point (Strong Resistance): 130.90
Today Short Breakout Point (Strong Support): 129.25

 

[Tamil trader]

Date : 21.11.2013
Product : ALUMINIUM
Good Level to go LONG : 108.60
Good Level to go SHORT : 109.60
Today Long Breakout Point (Strong Resistance): 110.10
Today Short Breakout Point (Strong Support): 107.90

 

[Tamil trader]

Long and Short breakout seems confusing.. Long Breakout should be Resistance right?

Yes.. Spelling Mistake....

I changed... Long breakout means resistance

Short breakout means support

 

[ursenix]

Before entering the trade, whether the levels given here is traded for 15 minutes or more . then , start your trading

Could u explain this point little detail, please..?

Thanks in advance :thumb:

 

[Tamil trader]

Could u explain this point little detail, please..?

Thanks in advance :thumb:

If the market trades above the long breakout point for 15 minutes, you can buy

if the market trades below the short breakout point for 15 minutes, you can sell

for example,

yesterday crude short breakout point is 5862

but yesterday low is 5861

if you place the order below 5862, it will trigger. but after touching 5861, market came upto 5960... so, if you place the order , you will make loss

So, you should watch carefully whether market trades above or below the levels given here for 15 minutes.. and then, you can start trading

 

[ursenix]

If the market trades above the long breakout point for 15 minutes, you can buy

if the market trades below the short breakout point for 15 minutes, you can sell

for example,

yesterday crude short breakout point is 5862

but yesterday low is 5861

if you place the order below 5862, it will trigger. but after touching 5861, market came upto 5960... so, if you place the order , you will make loss

So, you should watch carefully whether market trades above or below the levels given here for 15 minutes.. and then, you can start trading

Thanks for explaining

Now watching Crude and it was touched today's Good Level for Short (5938) and its trading below the same for more than 10 mins (looking in 15mins chart)

 

[ursenix]

Thanks for explaining

Now watching Crude and it was touched today's Good Level for Short (5938) and its trading below the same for more than 10 mins (looking in 15mins chart)

Okay! it growing upwards now..

So can we consider like this, the price should trading below/above the given levels for 15 mins and it should not cross the level for the same time period..?

 

[Tamil trader]

Thanks for explaining

Now watching Crude and it was touched today's Good Level for Short (5938) and its trading below the same for more than 10 mins (looking in 15mins chart)

No. you are wrong.

Short was already done at morning near 5935 and it went down till 5916...

if once trades completes, dont use the same level again

 

[Tamil trader]

Date : 22.11.2013
Product : GOLD
Good Level to go LONG : 30162
Good Level to go SHORT : 30388
Today Long Breakout Point (Strong Resistance): 30502
Today Short Breakout Point (Strong Support): 30039

 

[Tamil trader]

Date : 22.11.2013
Product : SILVER
Good Level to go LONG : 44924
Good Level to go SHORT : 45348
Today Long Breakout Point (Strong Resistance): 45572
Today Short Breakout Point (Strong Support): 44698