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lead-alumini-crude |
mohitshukla2021 White Belt
Joined: 14 Feb 2012 Posts: 275
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Post: #166 Posted: Tue Feb 26, 2013 1:05 pm Post subject: |
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Yes....but look at rupee dollar movement as well.....rupee is weaker by .8% and still Zinc and Aluminium are not higher but lower to flat. It talks about considerable weakness.....which may increase if in evening session western market weakness continues......
Strength in dollar index may cause big downside moves in metals....dont forget these metals have run hard in last couple of months.....and except Aluminium , no other metal has shown considerable downtick
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rohan.sharma Yellow Belt
Joined: 16 Oct 2012 Posts: 856
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Post: #167 Posted: Tue Feb 26, 2013 7:47 pm Post subject: |
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lead current 30 min candle close above 124.30 will trigger buy
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mohitshukla2021 White Belt
Joined: 14 Feb 2012 Posts: 275
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Post: #168 Posted: Tue Feb 26, 2013 7:57 pm Post subject: |
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Rohan,
Can u plz tell ab t Zinc as well...in office .can't see ST values
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rohan.sharma Yellow Belt
Joined: 16 Oct 2012 Posts: 856
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Post: #169 Posted: Tue Feb 26, 2013 8:10 pm Post subject: |
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zinc already gave buy with 8 p.m candle close @ 112.95
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sauraj123 White Belt
Joined: 10 Jan 2012 Posts: 312
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Post: #170 Posted: Tue Feb 26, 2013 8:14 pm Post subject: |
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lead position?
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rohan.sharma Yellow Belt
Joined: 16 Oct 2012 Posts: 856
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Post: #171 Posted: Tue Feb 26, 2013 8:17 pm Post subject: |
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lead shorts booked gave 8500 long got trigerred @ 124.20
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rohan.sharma Yellow Belt
Joined: 16 Oct 2012 Posts: 856
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Post: #172 Posted: Tue Feb 26, 2013 8:22 pm Post subject: |
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sauraj123 wrote: | lead position? |
lead is giving mixed signal... March contract still has not given long, those who have not gone long, please wait for march contract to give buy signal..
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mohitshukla2021 White Belt
Joined: 14 Feb 2012 Posts: 275
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Post: #173 Posted: Tue Feb 26, 2013 8:27 pm Post subject: |
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Thanks Rohan !!
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sanmen White Belt
Joined: 28 Apr 2008 Posts: 88 Location: Delhi
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Post: #174 Posted: Tue Feb 26, 2013 8:29 pm Post subject: |
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Copper, Lead and Zinc..all are long as of now as per this method!!
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meherp White Belt
Joined: 26 Feb 2012 Posts: 67
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Post: #175 Posted: Tue Feb 26, 2013 9:42 pm Post subject: |
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I am using ST 8,2 and EMA 40 in 1 hr chart.
No long indicator yet in lead, Zinc or copper.
Today morning I buy gold mini April series at 29700.
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mohitshukla2021 White Belt
Joined: 14 Feb 2012 Posts: 275
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Post: #176 Posted: Tue Feb 26, 2013 9:46 pm Post subject: |
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MeherP - Yes...in 1 hour chart Aluminium is still short....it is little bit volatile right now.....but Zinc is aboove its 34 EMA...is ST still showing short ??
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lakshmikanth5 White Belt
Joined: 14 Oct 2009 Posts: 91
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Post: #177 Posted: Tue Feb 26, 2013 9:57 pm Post subject: |
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meherp wrote: | I am using ST 8,2 and EMA 40 in 1 hr chart.
No long indicator yet in lead, Zinc or copper.
Today morning I buy gold mini April series at 29700. |
pradeep ji wat is ur experience in gold with ST(8,2) any back test ...
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sanmen White Belt
Joined: 28 Apr 2008 Posts: 88 Location: Delhi
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Post: #178 Posted: Tue Feb 26, 2013 10:13 pm Post subject: |
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meherp
the original method described here is on 30TF chart with ST (8,2) with 40EMA...as per this setting, lead etc are in copper.
pl confirm your understanding
thanx
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meherp White Belt
Joined: 26 Feb 2012 Posts: 67
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Post: #179 Posted: Tue Feb 26, 2013 10:33 pm Post subject: |
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YES, Zinc ST is still short.
mohitshukla2021 wrote: | MeherP - Yes...in 1 hour chart Aluminium is still short....it is little bit volatile right now.....but Zinc is aboove its 34 EMA...is ST still showing short ?? |
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meherp White Belt
Joined: 26 Feb 2012 Posts: 67
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Post: #180 Posted: Tue Feb 26, 2013 10:36 pm Post subject: |
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Back testing for Gold looks fine for me. Silver is much volatile and gave a lot of false signal/quick reversal.
Hence I am long in gold mini only.
lakshmikanth5 wrote: | meherp wrote: | I am using ST 8,2 and EMA 40 in 1 hr chart.
No long indicator yet in lead, Zinc or copper.
Today morning I buy gold mini April series at 29700. |
pradeep ji wat is ur experience in gold with ST(8,2) any back test ... |
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