A view on commodities

Hi DSM,

I am not able to see charts, could you please provide direct links?


Copper is bullish in 240M and Daily Chart. Don't hold short position, unless intraday, the chart turns bearish. Ideally one should trade in direction of the bigger TF.

Copper : 240M



Copper : Daily

 
Thank you guys,

I closed my position.

shorted CopperM 2 lots @ 382.80 and closed 2 lots @ 386.95, loss 2075 aprox

this is the first position I kept it for overnight and it ate all my profits from other scripts :mad:
 

DSM

Well-Known Member
Oh sorry,

actually my office network blocking the site you posted, thats why I am unable to see the charts.


Hi Karun,

Which browser do you use? The chart is visible to me, and also other traders. I guess you need to sort out either your browser, cache settings... Not a technical guy, but think this could be the reason.

Am posting links.... for you. Trust this helps.

http://tinypic.com/r/npj4ug/8

http://tinypic.com/r/21lu2ox/8
 

DSM

Well-Known Member
Narangji, Preferably a good breakout is done in many candles. Here it is done in two... It looks like a breakout, but I will be patient and wait for a pullback - though not sure if I will get it.

DSM is this a good break out for crude?
 

DSM

Well-Known Member
Narangji,

Who is to say? 25-50-62% It can be anything... just watching the price action to enter at a good level - if I can. Basically, the RR ratio should justify.

How would you calculate how much retractment at this stage DSM? 25%?
 

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