Adultvish MCX Trading calls

adultvish · #21 31st October 2007, 09:04 PM

An intraday technical break-out took place.
Silver prices are very likely to touch 14.540 $ within next one hour in International Market.

adultvish · #22 31st October 2007, 10:07 PM

Quote:

Originally Posted by adultvish

An intraday technical break-out took place.
Silver prices are very likely to touch 14.540 $ within next one hour in International Market.

Call failed. This is something, which teases me. I very often fails in intraday calls, while short term calls are much positive.
Though, it will be touching 14.540 but outside the given para-meters.

srigooty · #23 1st November 2007, 10:34 AM

Fed rates has come out. Is there any chance of silver bouncing? and also zinc?

adultvish · #24 1st November 2007, 10:51 AM

Quote:

Originally Posted by srigooty

Fed rates has come out. Is there any chance of silver bouncing? and also zinc?

Adultvish MCX Trading calls- Regarding Silver

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Call given on 30.10.2007 at around 7 PM

Silver-Dec contract can be entered for a target of around 20007 with a stop loss of 18684. The stop loss can be trailed to 460 in case of abnormal downward fall.
Try your luck on my call or can check it on paper trade....!!!
Happy Trading
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The call for entering silver Dec Contract has already been given when the silver price was between 18700 - 18850. There is no point entering at this point. Look, there is no surety in any kinda technical analysis or whatever other analysis made on commodities etc. Technical analysis just help us to ascertain our point of entry and exit from the trade. The Risk Reward ratio plays a vital role for any trade made. For example, if one would have entered silver at 18800, then with a stop loss of 116 points he would be expecting 1000 points. Which means that even if silver ceases to cross 19700 then also he would be having sufficient gains. And if, there comes any abnormal fall, he will be allowed to exit at or around cost. But entering here means having a risk of at least 250 points, almost double. You see, Silver is somewhat operator driven trade as per my understanding, so we never know when London or New York will start playing with our Money.

Regarding zinc, it has to be watched for some days to look for a technical break out in either way.

srigooty · #25 1st November 2007, 03:04 PM

inventory position of zinc is plus more. Does it fall further?

adultvish · #26 1st November 2007, 04:31 PM

Quote:

Originally Posted by srigooty

inventory position of zinc is plus more. Does it fall further?

My Dear Srigooty

I only depend upon technical analysis wherein, inventory positions, rate of dollar, fed rates etc. has very little space and can only work as supporting factors. The zinc has a good support at 110, therefore, it has to be watched for a week or so that whether is takes its support at 110 or breaks it with some technical indication and volumes. Till then, I am helpless.

It appears that you have entered long in zinc.

If you feel free, you can share with me your trade.

Or if you are waiting for enterance in a new trade, just wait for 2-3 days, there is very likely hood of good technical calls in nickel and lead.

srigooty · #27 1st November 2007, 06:06 PM

Thanq for ur sugestions. I have bought Nov contract of zinc at 116.40 and after its fall have hedged the position with selling of Dec contract at 114.20.

adultvish · #28 1st November 2007, 08:05 PM

Quote:

Originally Posted by srigooty

Thanq for ur sugestions. I have bought Nov contract of zinc at 116.40 and after its fall have hedged the position with selling of Dec contract at 114.20.

it means, you have to be very careful while disposing the trades because the gap of 2.20 paisa is likely to cost around 12000 rupess. Ok, I will try and find out a solid support for zinc where you can square off your short trade and there after a minimum bump of 2-3 rupees so that you can at least remain equal.

adultvish · #29 1st November 2007, 08:11 PM

Quote:

Originally Posted by adultvish

it means, you have to be very careful while disposing the trades because the gap of 2.20 paisa is likely to cost around 12000 rupess. Ok, I will try and find out a solid support for zinc where you can square off your short trade and there after a minimum bump of 2-3 rupees so that you can at least remain equal.

Well, right now there is no signal. But one thing I can do, whenever there comes any technical break-out, whether for short or for long, I will let you know and you can easily handle the situation. I will try my best to give you a good signal so that not only you come out of your difficult situation but may also be having some profits.

srigooty · #30 1st November 2007, 08:16 PM

I would be thankful to u, if u can suggest me a way out. Now it has come down drastically.