Adultvish MCX Trading calls

adultvish · #31 1st November 2007, 09:13 PM

Quote:

Originally Posted by srigooty

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

There is a simple way for dealing with it. Let us look for a technical break-out within next 2 weeks. If the technical break out is on upside then you sqaure off both your trades, which may loose around 12000-13000 rupees and enter the new trade for a minimum of 3-4 rupees target. And in case the technical break-out is of down trend, you just need to square off your long position and wait for the bearish target to be achieved. Yes, it is a bit typical but we have to find a way.

Best wishes and good luck.

srigooty · #32 2nd November 2007, 06:49 PM

I think zinc may move up now. is it right?

adultvish · #33 4th November 2007, 04:23 PM

There is one Ass-hole who is deliberately putting adverse comments without any reason.
First, it was on my silver call wherein no stop loss was hit while the Shame-less F***ing ass-hole deliberately and knowingly put the adverse comment, "your stop loss hit"
God knows, how these people have so much time.

Now, the same idiot can see the rates of silver and compare my silver call wherein the stop loss has never been triggered.

adultvish · #34 4th November 2007, 04:28 PM

Quote:

Originally Posted by srigooty

I think zinc may move up now. is it right?

Yes. Though there is still no positive technical break-out, but it appears to have taken support over here.

YOu can either square off your short trade and look for a rise of 3-5 rupees to equal your losses; Or you can wait for a technical break out.

The oversold range shown in Stochastic Osc and RSI, are likely to built up some good support but even then the positive technical break-out is only expected while actually it has not taken place, therefore, just take your time and decide.

srigooty · #35 5th November 2007, 06:15 PM

I covered my short position at 112.15. But again it showed weakness and upon falling further, in order to stop loss further, again I sold at 109.80.( Dec contract). Has the weakness not yet over?

adultvish · #36 6th November 2007, 11:20 AM

Quote:

Originally Posted by srigooty

I covered my short position at 112.15. But again it showed weakness and upon falling further, in order to stop loss further, again I sold at 109.80.( Dec contract). Has the weakness not yet over?

Hello Dear Srigooty,

It seems that you covered your short position much before my message. and making another mistake you again gone short-hedging.

First of all, please keep as much cool as possible while trading in commodities. Being heavy leaverage involved, the intra-day trade can befool even the best of technical analysis. Under the situation, you are making the hedging difference more like you covered your short position of 114 at 112 and again gone short on 109.80. Had you been cool and calm, there is no need for such attempts.

Now please read carefully.

As I have explained earlier, it takes around 5-7 working days to show consolidation and support at any level and making any judgement within this phase may invite havoc.

Just think as an outsider; the prices of any commodity will never remain stable and are definitely going to move in either direction. Zinc prices are going down and till it gives a clear cut signal of uptrend, nothing can be done. The signal has to appear either in one week or in one month. This actually doesn't matter much, in case you are serious about saving your money. Whenever, it starts its bullish trend, you may easily expect a rise of 10-15 rupees within 2-3 weeks. So just keep your trade as it is. Hedging a cotract actually saves you from margin money required in case the trade fails to show immediate positive results.

The point is the profit should be more than the loss. So whenever, the technical break-out appears in either direction you can easily come out of it either with profit or at average.

Such trades are to be afforded, despite the pain and tension, till one can use the market moves. Just do not try to get rid of it immediately, it may take time and in your case, it will take time. apparently zinc november has got some good support at 106 - 105. But the fact has to be confirmed during 4-5 trading days.

srigooty · #37 6th November 2007, 02:15 PM

Thanq for ur detailed suggestion. I will wait for upward trend.

adultvish · #38 7th November 2007, 09:28 AM

Quote:

Originally Posted by srigooty

Thanq for ur detailed suggestion. I will wait for upward trend.

Hello Srigooty,

Hope this finds you in good health and spirits. And I also hope that you may be reading the message early in this morning.

The zinc perhaps taken strong support and consolidating reasonably. For confirmation of its support and bullish trend, Nov zinc contract,

should not trade at or below 109.20 on 7th Nov 2007
should not trade at or below 110.20 on 8th Nov 2007

There should be good volumes

If it trades and closes above 114, it will be giving 80 percent confirmation of the bullish trend. But remember, it will only be appropriate to decide after todays trading i.e. the closing point of today is very likely to decide whether it will be continuing in the bullish zone or otherwise.

Happy trading.

You can watch for Lead Nov Contract. As such the Risk is equal to Reward, I have neither entered the contract nor given any call, but there are 90 percent chances of Lead Nov going at/around 151-153 by the end of this week. Please do not enter it, just watch for fun.

Nickel is going to provide a good technical break-out within next couple of days.

Happy trading.....

adultvish · #39 7th November 2007, 09:33 AM

MCX metal index is likely to achieve 2725 - 2750 within next couple of weeks.

It closed at 2674.99 on 6 Nov 2007.

There is likely hood of strong upside rally in all base metals.

Enjoy...!!!!

srigooty · #40 7th November 2007, 01:28 PM

I covered short position of Dec zinc at Rs.110.8 for a loss at Rs.1/- and holding long position of nov zinc at net price of Rs.115.40. Bought copper nov contract at Rs.291.8. Hope to trade positively in this week as per ur analysis.