How to trade Commodities - Gold, Silver, Crude Oil, Natural Gas

Easier to Trade - Commodities or Indexes or Stocks

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myamit

Well-Known Member
#311
#311
uttamkamlesh said:

I have completed a course on WW by Bill Wolfe himself for which he charges $3000 and
i have traded around 150 Wolfe waves live till now....and have a huge collection of WWs.
Click to expand...


Hello Kamlesh,

Could you please provide more details about WW course? I've been told that we first are provided with study material. After this we are given 10 days fax tutorials by Bill Wolfe. Also do let me know how useful it would be if somebody is strictly trading Indian markets.

Also could you please share your experience about Gartley & Butterfly patterns. These patterns look interesting as they are based on fib retracements.

Thank you.
 
uttamkamlesh

uttamkamlesh

Banned
#313
#313
Uttam's Method of SELLING v1.0


Idea:
Sell Strength in Weakness


Set Up:
1. If market is coming off making a LH-LL (Weakness)
2. Kiss to BRL ( Strength)
3. Time symmetry between LH, LL & Kiss to BRL


Betting on:
Market has to bounce back from BRL, for a while at least, to either make a HL/ LL.


Entry:______ Kiss to BRL
Stop Loss:___ LH
Exit:________ Always with a Trailing Stop Loss


Guidelines:

1. Time symmetry between LH, LL and BRL Kiss is important for the success of the Set-up.
__(Ideally, equal time interval, range 0.5-2.0).

2. Stay cautious if the market is coming off Double/Triple Bottom, Number Support, etc.

3. Ensure that LL happens on a Closing basis.

4. Method excels in Bear markets, Ranging markets, Over-bought markets.

5. Lesser the angle of BRL with the horizontal, stronger it will act.
__Better Reward/Risk ratio for the trade means more market participants would sell with you.

6. Regarding exit/profit booking please read post #261 too.

7. Beauty in this set-up is that you know your approximate entry Price & Time way back.
__This reduces stress of tracking market's each candle.

Finally, it's the practice and experience gained which would better you at it day by day.


Best Wishes!
Kamlesh Uttam
 
Last edited:
M

myamit

Well-Known Member
#315
#315
uttamkamlesh said:
Uttam's Method of SELLING v1.0


Idea:
Sell Strength in Weakness


Set Up:
1. If market is coming off making a LH-LL (Weakness)
2. Kiss to BRL ( Strength)
3. Time symmetry between LH, LL & Kiss to BRL


Betting on:
Market has to bounce back from BRL, for a while at least, to either make a HL/ LL.


Entry:______ Kiss to BRL
Stop Loss:___ LH
Exit:________ Always with a Trailing Stop Loss


Guidelines:

1. Time symmetry between LH, LL and BRL Kiss is important for the success of the Set-up.
__(Ideally, equal time interval, range 0.5-2.0).

2. Stay cautious if the market is coming off Double/Triple Bottom, Number Support, etc.

3. Ensure that LL happens on a Closing basis.

4. Method excels in Bear markets, Ranging markets, Over-bought markets.

5. Lesser the angle of BRL with the horizontal, stronger it will act.
__Better Reward/Risk ratio for the trade means more market participants would sell with you.

6. Regarding exit/profit booking please read post #261 too.

7. Beauty in this set-up is that you know your approximate entry Price & Time way back.
__This reduces stress of tracking market's each candle.

Finally, it's the practice which would better you day by day.


Best Wishes!
Kamlesh Uttam
Click to expand...
Hello Uttam,
(sorry I'm confused whether your first name is Uttam or Kamlesh)

Great initiative!
More than results this method can generate, I like simple approach.

Let me see if I can make an AFL based upon your methodology. Ill keep you updated.

Regards,
 
uttamkamlesh

uttamkamlesh

Banned
#318
#318
myamit said:
Hello Uttam,
(sorry I'm confused whether your first name is Uttam or Kamlesh)

Great initiative!
More than results this method can generate, I like simple approach.

Let me see if I can make an AFL based upon your methodology. I’ll keep you updated.

Regards,
Click to expand...
My first name is Kamlesh....surname is Uttam.....choice is at your convenience....

Plz tell me if you know....How can we add a new indicator in MT4 if we have the program file.

Kamlesh Uttam
 
uttamkamlesh

uttamkamlesh

Banned
#319
#319
myamit said:
Hello Kamlesh,

Could you please provide more details about WW course? I've been told that we first are provided with study material. After this we are given 10 days fax tutorials by Bill Wolfe. Also do let me know how useful it would be if somebody is strictly trading Indian markets.

Also could you please share your experience about Gartley & Butterfly patterns. These patterns look interesting as they are based on fib retracements.

Thank you.
Click to expand...
I think course is costly.....I would help all people who genuinely want to master WW....but i 'll do it gradually.....

WWs happen in all markets.....including commodities.


I have tried butterfly & gartley.....but calculations in Excel spreadsheet seemed of no use. Then i dropped it....This effort was done in bull market in NIFTY...and i was making money with Elliot wave so i left the work there itself....I think you need some software to do the calculations for you.

Please read Suri Duddela's Book - -Trade chart Patterns like the Pros.....
 
uttamkamlesh

uttamkamlesh

Banned
#320
#320
vivek266 said:
Uttam sir Here is 240 min chart of copper i draw a Wolfe wave on it but i have doubt that this a valid Wolfe wave or not please tell me .
Click to expand...
Vivek...This is not a valid WW.....

Convergence of the lines is there....
but point 3 should be below point 1 and
at point 5 volume should have a spike.

Kamlesh Uttam
 
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