iCharts Discussions

[rainbow]

I have opened this thread, since I trade only Nickel on commodities,
partly owing to margin requirements and my level of comfort with this
counter.

I use Spec's 15tf 34 ema rejection strategy for my trading. Confession: I
am yet to fully make myself familiar with the strategy in its entirety, and do keep Spec 'busy' with my repeated questions on the subject.

On 9th Feb, on SB, Spec pointed out a possible rejection around 5:15 pm. Sure enough, the next candle was the confirmation candle and took the trade.
entry long at 1284.7. exited at 1303.

Now, I have noticed resistance at 1310 levels for nickel earlier, and went short around the same level. exited +10 points.

Request comments about resistance at 1310 levels, its behaviour, if it is advised to do the same action in future, along with TA.

Now no position in Nickel.

btw, am short on NF. saw a rejection on the 2:30 candle (15 min). Nifty rallied on the last 15 min candle and ate at my profits. still holding short.

I have not subscribed to Icharts for commodities charts yet, and hence no charts have been attached for nickel.