Crude Oil Trading

[kuldeep72]

my opinion is the bias will be negative for few days. You have pointed out the resistance zone very rightly. Looking at the global daily charts, I think we can see formation of second shoulder.

Weekly chart ending tomorrow is likely to complete inverted H&S formation...

 

[vijkris]

Why this thread is dormant?

Where are the crude oil traders ???

 

[Champion]

For Copper Traders.:thumb:

 

[vagar11]

@Champion.

How do u trail the Stop loss and where did u book the profit?

 

[Champion]

For Copper Traders.:thumb:

Entry Triggered within a few minutes of Posting the above chart.

Copper Moved from 400 to 403.

 

[dreammerchant]

I'd like to see this thread go active again

DM

 

[Champion]

@Champion.

How do u trail the Stop loss and where did u book the profit?

I had Put SL at 398.55 in the system for today's Trade. If not hit, this trade shall be carried.

For Buy Trade taken on 23.11.2016, bought at 385.30 and booked within an hour at 394.85. Later proved to be a wrong decision as it went upto 405 next morning. I buy 4 Minis and never more than that.

Normally Trails SL at the lowest low of last 3 Hourly Candles.

As Copper is less volatile commodity, SLs are rarely hit if put at proper areas.

Comments for improvement will be appreciated.

 

[Champion]

I had Put SL at 398.55 in the system for today's Trade. If not hit, this trade shall be carried.

For Buy Trade taken on 23.11.2016, bought at 385.30 and booked within an hour at 394.85. Later proved to be a wrong decision as it went upto 405 next morning. I buy 4 Minis and never more than that.

Normally Trails SL at the lowest low of last 3 Hourly Candles.

As Copper is less volatile commodity, SLs are rarely hit if put at proper areas.

Comments for improvement will be appreciated.

http://invst.ly/2u763

Trade still Held

 

[vijkris]

I thought tonight is Inventory day, but now after seeing Investing.com, came to know that it is tomorrow.
Timing also changed to 21:30

 

[pannet1]

I have a general question here. May be slightly off topic. I don't want to start another thread and make it dead after few pages. I hope its OK with Ravi, the thread starter.

Which commodity do you think is easy to trade (works without hitting your SL) when compared to others. ?
Which commodity do you trade because of less margin requirement. How much will be required for 1 lot.
What is the important piece of advise you wish you knew when you started trading commodities.
Which brokerage you recommend for trading 5 lots / day to begin with.


Seniors, Thanks for your reply.