A view on commodities

NG falling now by 1.54% ...any strong reason? On Intl market.

Likely to go up after European mrkt?

Copperman,

NG opened up about .35% - but that was a weak open and not as per expectations. So instinctively, I closed my long position and took some profits. One thing I have learnt is that our analysis or opinions do not matter. Charts and rules for capital preservation and taking profit does.

For NG, 143.20 was the previous day low (a level from which longs were formed) So after weak open, expected price to retrace at that level, which it did. Am long again now with a close SL of 142.70 Let's see what happens....

NG Chart attached.....

Unless US does something in the evening...its RED ,I think...

As u rightly said..UP...

Hi where can I download suppertrend indicators...?

Dhanasekar,

Supertrend is available with Tradetiger by default. However, if you want code for Amibroker, here is the link :

http://www.marketcalls.in/amibroker/supertrend-v4-0-amibroker-afl-code.html

Good luck

On request of a member, am posting some crude charts to be followed up by charts....


I believe in simplicity.... and trading in direction with trend... Have learnt over time that best trades are those aligned to the main trend.... This will mean waiting for the right time... having patience, and fewer, but trades with more RR on our side.... This is just a line chart for Crude in Daily Time Frame...





Same chart, Crude Daily - But with Candlesticks....






Here is Crude chart 5Day, 60M.... Trading pure price action can be quite profitable... I don't use indicators...





Will update later.....

On request of a member, am posting some crude charts to be followed up by charts....
Daily charts are of Copper right

Thanks for pointing out... Wrong chart (Copper) posted...