Non Ferrous metas : Cu Al Pb Sn Zn Ni

Can anyone guide on trading the non ferrous metals on MCX :

Copper
Aluminium
Lead
Tin
Zinc
Nickel

Is there anything like inventory as in Crude?
What is optimum profit one should aim at in day trading these?
Anyone trading any of these metals? What is experience like?
What system/strategy is good?
What TF is good for intraday trades?

Thanks
-Gautam

Non ferrous metals are good for intraday like lead and zinc, copper is good for positional(just personal view) yes there are inventories for all the non ferrous metals, you can find them at kitcometals.com.
My experience is good, for intraday in metal minis one can easily make good money in 15-20 paise move which is good and achievable.
Inventory data comes daily in afternoon at London open, LME data you can get on terminal, most of the vendors/brokers give that straight on terminal, but it doesnt impact much for intraday but will surely help you for positional.
Check contract specification and with 20-40K in account you can trade positional also with ease.
All the best.

Thanks for your detailed input ashu! :thumb:
For 15 to 20p profit in mini lots, what is your favourite strategy: MA cross, BB as being done by rh6996 in crude or anything else.
What Time frame suits best for this purpose ashu ?
Thanks again for your reply.

Hi,
honestly speaking for 15-20 paise in base metal doesn't require much, pull out the chart and you will see lead and zinc trading in 15-25 points all the time.
I mostly use price action, just follow the range, pick some good support or resistance and just trade. If you spend enough screen time and try to figure out which is the best time as per your method, i'm sure you'll be able to do that.

btw i saw you were trying a system based on metastock, my personal advice is dont look for ready made system, it will make you machine into chasing price. No system is perfect, you need to fine tune it. Some will work in particular market conditions and will fail when conditions change.

Instead of exploring systems, better spend time on learning about price action and identifying market structure, which is range bound, uptrend and down trend, and learn about volatility. Once you understand all these, you'll be able to apply any system according to your trading style.
All the best.

Do we have tradable volume in mini contracts of Lead etc? Are you trading them presently Ashu? Please share your experience.

Yer RH, current month is perfectly tradable, zinc is trending these days, lead and aluminium are a bit slow - good for late entry if you see good trend in other metals they follow the suit. and copper is ever green. Nickel i avoid trading for no particular reason. Personally I feel 200 rs in Zinc or Lead(which is 20 paise) is easier then 200rs(20 points in crude mini) of crude. Also net value is less, so one will be charged less brokerage then crude, only thing is that metals have their own move, not trending and reacting to news everytime. But if you have eyes for rangebound movements it will surely suit you.