iCharts Discussions

[rocky1980]

Hi traders,

Nickel looking strong in weekly and EOD charts - good upside possible -
charts attached for reference.

nickel - buy on dips at 1119. sl 1104 tgt 1145-1157
aluminium - buy on dips @ 105.5 sl 104 tgt 107.8-108.2
copper - buy on dips @ 416 sl 413 tgt 422-424-432
crude - buy on dips @ 4035 sl 4012 tgt 4082-4105
gold - buy on dips @ 19776 sl 19580 tgt 20166-20361
silver - buy on dips @ 43890 sl 43430 tgt 44795-45247
lead - buy on dips @ 109.2 sl 107.8 tgt 113-114
zinc - buy on dips @ 102.30 sl 100.9 tgt 105.2-106.9
natural gas - buy on dips @ 179 sl 172 tgt 193-202

my pick is nickel -
all posiotional -
happy trading

regards
rocky1980

[rainbow]

thanks, Rocky, for the chart and analyses. i trade only nickel, and exited at 1133 on sat. will look to re-enter at lower levels. btw, is is advisable to do a scalp short on the way down too?

Cheers
DJ

[rocky1980]

hi traders,

Some Golden Rules to be followed ... in any trending market

1) never short in bull run - for eg : silver - gold - copper (those who have entered long short are still in soup - i remember my client is still holding 25 lots copper short from 360 levels)

2) never short dull market - sideways trend

3) sentiments never change overnight in any stock or commodity or any financial instrument unless some major reason

4) must watch weekly chart before going long or short on any security - and wait for dips to enter -

I have noticed that you never get your price or entry back if u are short - longs can be carried for years - not shorts -- many examples are still alive

Dharmaraj - do not short nickel - u may long and hold -

regards
rocky1980

[ragarwal]

http://4.bp.blogspot.com/_widuo_Z0hes/TQxcipgHjJI/AAAAAAAAAEU/PI86tenCvIs/s1600/NICKEL%2BTGTS%2B1465.JPG.
hi all, copy paste this link and c where nickel cn land upto

[ragarwal]

hello rocky,can u plz tell me where natural gas can go from here.i hav a long position at 201.wat can b d best course of action at this point.it seems to hv formed an M formation,which is bearish.precviously it has formed a W though not a proper one.plz giv ur views.

[casper]

[ragarwal]

nahi bhai,i dont hv as much brains,i saw this on a blog i frequent n thot that it mayb helpful to ppl here.btw the site is [CONTENT REMOVED BY ADMIN]

[rainbow]

thanks, Rocky. will keep it top of mind. btw, i have a few queries on my trading strategy - learning - can i mail them to you, it is quite descriptive- thanks Dharmaraj

[rocky1980]

Hi ragarwal

natural gas looks weak in weekly chart and its unable to break the 210 levels - see fibbo 61.8% is stiff resistance - and its in bearish trend, making multiple tops at similar levels - nice short opportunity there but - remember technical charting in commodity are mere 50% chance of success as major fundamental news can change the momentum -
chart attached for quick view
seems to be target of 176-172 in natural gas - rest god knows abt NG

(one request to traders trading in NG - this is very tricky commodity better not to trade - my personal view) rest everyone in free to do so.

regards
rocky1980

[SwingTrader]

ragarwal,

Blog links are not allowed here, make sure you do not post again (we have removed the link you posted below).

[amitkbaid1008]

[ragarwal]

dear swing trader,oops,im sorry.i dint kno tht posting links are nt allowed here.sorry to hv broken d rule.will take care in future.

[SwingTrader]