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Wolfe Waves - Commodities |
Arjun20
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Joined: 23 Jun 2011
Posts: 945
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Post: #16  Posted: Fri Nov 18, 2011 11:17 am Post subject: |
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| Rahulsharmaat wrote: | arjun--
what should be the stop loss ??? |
Dear Rahul,
Today's Low was 382.6. It again tested that low at 11.00candle and rebounced.
But if we see copper UTL tgt is around 385.25 approx (IF we take conservative approach and think TL as first target) Cmp is 384.
And target as per WW may come at 388
but if it turns out to be channel play, then Risk reward ratio is not favourable at the moment.
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Rahulsharmaat
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| Post: #17 Posted: Fri Nov 18, 2011 1:33 pm Post subject: |
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Thanks Arjun
first trade i did on your positing-- bought copper when it broke 382.80 high made few times -- bought at 382.90 booked at 385.90---
gain Rs 3000
thanks to u
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Arjun20
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| Post: #18 Posted: Fri Nov 18, 2011 5:29 pm Post subject: |
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| Rahulsharmaat wrote: | Thanks Arjun
first trade i did on your positing-- bought copper when it broke 382.80 high made few times -- bought at 382.90 booked at 385.90---
gain Rs 3000
thanks to u |
Rahul bhai,
Congrats.
Copper achieved target , Clocked high of 388.5 
After y'day failed WW on 30TF, i was doubtful rather scary about this one. BUT
Darr ke aage jeet hain
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Rahulsharmaat
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| Post: #19 Posted: Fri Nov 18, 2011 8:34 pm Post subject: |
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| can u guide me about nickel-- any set up for 903 target there
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ragarwal
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Joined: 16 Nov 2008
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| Post: #20 Posted: Fri Nov 18, 2011 9:52 pm Post subject: |
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hi arjun cn u help me identify a bearish ww on silver mini charts with trget around 54300 on 15 min tf.i spotted it late.
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Arjun20
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| Post: #21 Posted: Sat Nov 19, 2011 9:49 am Post subject: |
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| Rahulsharmaat wrote: | | can u guide me about nickel-- any set up for 903 target there |
Yes Rahulbhai, certainly there was one Bearish WW on 15TF where there was slightly diverging channel.
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Arjun20
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| Post: #22 Posted: Sat Nov 19, 2011 9:57 am Post subject: |
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| ragarwal wrote: | | hi arjun cn u help me identify a bearish ww on silver mini charts with trget around 54300 on 15 min tf.i spotted it late. |
Ragarwal, I saw your post today morning.
It's not the good one,as there's no clear channel. As well if u try to join 1-3-5, they also do not come in a line/ overshoot at 5.
After u posted, see there's new WW forming on 5tf. Currently point 5 yet to be formed.
(Also CMP is in zone of 38.2 to 50 % retracement of fall from 58000 to 53700.)
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ragarwal
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Joined: 16 Nov 2008
Posts: 582
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| Post: #23 Posted: Sat Nov 19, 2011 1:12 pm Post subject: |
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| ok,thnx arjun,wil keep tht in mind mayb v c a bounce frm here then
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Rahulsharmaat
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Joined: 04 Nov 2009
Posts: 2766
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| Post: #24 Posted: Sat Nov 19, 2011 1:24 pm Post subject: |
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i made a long at 53900 the day it fall-- 10 kg--- and booked at 55800 today 75%
the system i am following gives call daily--- up or down-- n usually i book 500--1000 points
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ragarwal
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| Post: #25 Posted: Sat Nov 19, 2011 1:27 pm Post subject: |
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| dear rahul,can u plz explain ur system so that others too may benefit
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Rahulsharmaat
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Joined: 04 Nov 2009
Posts: 2766
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| Post: #26 Posted: Sat Nov 19, 2011 1:39 pm Post subject: |
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set-- 15 min TF--- and 55 sms-- high--low-- n close---
and trade when price close above high---
wait for next 15 min candle -- and see that price dont drop below close line--
if price not going below close line-- buy n hold
book at 500-- n then 1000 points
same way down side also
yesterday buy with this system came at 55225--- now 55825-- so 600 points
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ragarwal
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| Post: #27 Posted: Sat Nov 19, 2011 1:45 pm Post subject: |
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| thnx rahul but which indicator is sms,i cud nt find it
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Rahulsharmaat
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Joined: 04 Nov 2009
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| Post: #28 Posted: Sat Nov 19, 2011 1:49 pm Post subject: |
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| sorry --SMA
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ragarwal
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| Post: #29 Posted: Sat Nov 19, 2011 3:05 pm Post subject: |
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ok rahul got it but wil do a few days paper trade
.but according to which tym frame did u bauy at 53900 and booked today at 55800 coz its not the 55 sma,55 sma was quite up when price was close to 53800.
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Rahulsharmaat
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Joined: 04 Nov 2009
Posts: 2766
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| Post: #30 Posted: Sat Nov 19, 2011 3:15 pm Post subject: |
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that buy was not with 55 SMA----
look even if u have stop loss-- dont leave it--- trade multiple lots-- at least 2 micro-- and book one at 500-- 2nd at 1000
i had 7 stop loss in a line-- still trading
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