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

Easier to Trade - Commodities or Indexes or Stocks

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uttamkamlesh

uttamkamlesh

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#51
#51
THE END OF A BULL MARKET

(a) A very large IPO comes, masses participate in frenzy and it drags and soaks all the money from weak hands/retailers into the market.
(b) People are over-leveraged.

If at all Institutional selling starts due to any trigger there is no further supply of losers' money buying this selling.
It gets pronounced day by day. And finally people come to believe it after second leg of selling called 'Washout'.

Next Time whenever NIFTY approaches 6300, and ADX is not above 30 it's time to close all long positions in the market.



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pannet1

pannet1

Well-Known Member
#52
#52
MCX V/S Other U.S. Exchanges

uttamkamlesh said:
US Markets Open times in IST:

COMEX : 5:50 PM Indian Standard Time (IST)
S&P500: 7:00 PM IST
NYMEX: 8:00 PM IST

Due to 'day light saving' theses times would get delayed by one hour after last Sunday of October.

All these market open and have effect on Gold, Silver, Crude prices.
Later we would discuss how to exploit these times.


Kamlesh Uttam
Click to expand...

Kamlesh Uttam,

1) Did I miss your discussion on how to exploit this.
2) Which of these exchanges is followed by MCX tick by tick (leaving out the currency change).
 
N

NANDAMAD

Well-Known Member
#53
#53
uttamkamlesh said:
For the New traders let me detail my abbreviations.

TF: Time Frame
LH: Lower High
HH: Higher High
LL: Lower Low
HL: Higher Low

LME: London Metal Exchange
COMEX: Commodity Exchange, Inc., USA
NYMEX: NewYork Mercantile Exchange


TA: Technical Analysis.
SL: Stop Loss order

For any other query, post it. Any of the fellow brothers would answer it as soon as possible.

Kamlesh Uttam
Click to expand...
Pl. tell me what is PARABOLIC SAR
 
N

NANDAMAD

Well-Known Member
#54
#54
uttamkamlesh said:
My basic AIM is: To help new guys become winners. I know it pains a lot on loosing money. Also, i have learnt a lot from traderji.com so contributing my bit.

That's why keeping things as simple as possible and talking from basics. I think after few months this thread would be very rich by knowledge and no. of traders contributing to it.

Kamlesh Uttam
Click to expand...
I do not find words to thank your simple soul.
 
N

NANDAMAD

Well-Known Member
#56
#56
uttamkamlesh said:
Well....

I use websites i mentioned earlier for trading plans. I can access live international charts on my mobile and call and trade with the broker.

Software is ODIN-Diet provided by AngelBroking when i am trading 5 min charts in the evening.

Books...Well....I am going to mention few of them hoping that you would read them cover to cover....religiously.

1. CANDLESTICK CHARTING EXPLAINED - Greg Morris
2. High Probability Trading Strategies Robert C. Miner
3. High Probability Trading - Marcel Link
4. Street Smarts Linda Raschke and Laurence Connors
5. Trade Chart Patterns like the Pros Suri Duddella - Check this man's Bibiliography

I would suggest Practice PATIENCE to master TRADING.
Believe me market is the Mother of Opportunities, it would feed you too.
Your opportunity would too come sooner or later.

Kamlesh Uttam
Click to expand...
I want to read these books.Hope I will get them in Goa.

Nanda
 
uttamkamlesh

uttamkamlesh

Banned
#59
#59
Re: MCX V/S Other U.S. Exchanges

pannet1 said:
Kamlesh Uttam,

1) Did I miss your discussion on how to exploit this.
2) Which of these exchanges is followed by MCX tick by tick (leaving out the currency change).
Click to expand...
NYMEX: Crude Oil
COMEX: Gold & Silver

Discussion is yet to come.

But arbitrageurs do the balancing act.
All market trend and trade in UNISON.
You can follow any one for a trade on more than 3 min chart.

Kamlesh Uttam
 
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