shiv Prasad
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Commodity Trade-Base Metals.

Shiv Prasad at 08:42 AM - Dec 05, 2014 ( ) Views: 334,148

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As per request i have made this thread for only Base metals.

Crude and other items will be updated on other old thread ........

Funda is simple........sheet is given to every one...trade according to it.

I.e.if buys break out  happens.first see if it can clear the first target..........

i..e.if copper gave a buy above 403.60 in our sheet and now its trading at 403.70..........next target being 404.90.........u buy and hold it as per sl given.

But while going up it failed to break first target.......means its false break out...u have to exit there and short with a sl above first target or second target.As per me, it fails to move above first target means ...it is going to fall...if it breaks first target then u can expect it to rise again

Watch atp.....in commodity items atp plays a major role..it keeps on testing atp between the movements.

Try to buy near atp.............on a break out.........so that ur stop loss is minimum.

i.e.if it gave a buy above 403.60 and now trading at 404.70 with atp at 402.90......there are 2 chances it may keep on moving up or come back to test atp.

if its break out...at 403.60 ,,,,,,safe players should wait for buy near atp instead of buying at 404.70 so ur sl is small.

While big traders can use break out levels also to buy otherwise u may lose a chance to ride the rally.U can afford...but not small investors.

Profit area..Dont look at target..make ur mind for profit and get out for next trades if it is necessary.

Happy profit making trades ahead.

All the best.



From: shiv Prasad at 10:41 PM - Jan 14, 2015( )


Guys,

Please do not use the same sl in crude or any other items which i mention.

Always use stop loss above what i have given in all items.Please give 2 point difference more than my sl.

Ie.if i give a call saying short crude at 4525 with sl of 4528 always use sl above 4528..only or 2 points + 4528=4530

Also for other items always use sl above my levels ...not the same even if i mention it.


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Shiv Prasad at 06:35 PM - Jun 15, 2019 ( )

Again commodity exchange at it...increasing size of copper to 2.5 from 1

Even copper is brought to delivery category.....

So increase of margin...increase of loss and profits.....

right now base metals are very weak and sell on...rise..will trade on Monday.

 

Shiv Prasad at 06:35 PM - Apr 25, 2019 ( )

Copper sl is safe..........low 45.40 sl is 45.30

zinc mini sl triggered.......

hold copper it can rise ..........till 453+

Sukhwindersingh Arora at 05:42 PM - Apr 25, 2019 ( )

THAT IS WHY THEY INCREASED ZINC MARGIN TO WHOPPING RS 4.60 LACS TILL EXPIRY...

HERE AT MUDRAA.... MOSTLY ARE SMALL TRADERS.... ANYHOW, THANKS FOR THE INFORMATION

Shiv Prasad at 04:52 PM - Apr 25, 2019 ( )

Can someone please confirm if Futures trading in MCX base metals will be possible going forward ?

Dear u can trade in these commodities...but u must clear buy or sell positions by expiry..i.e. if u have sold zinc or aluminium and failed to cover shorts...then u will be forced to give physical delivery to Mcx exchange/buyer same way if u r long in zinc and could not sell it in mcx before expiry you will have to take delivery of zinc material from ware houses directed by exchange.So dont keep any position opened after expiry

Mohammed Methiwala at 05:31 PM - Apr 25, 2019 ( )

Great thanks a lot Shiv sir for your response!

I’m planning to start positional trading in Mini lots but before that I am doing paper trading to see if a particular strategy works. Im using Bollinger Bands and RSI. Still more research to be done

As always, thanks for your guidance and support

MM

Shiv Prasad at 04:52 PM - Apr 25, 2019 ( )

Can someone please confirm if Futures trading in MCX base metals will be possible going forward ?

Dear u can trade in these commodities...but u must clear buy or sell positions by expiry..i.e. if u have sold zinc or aluminium and failed to cover shorts...then u will be forced to give physical delivery to Mcx exchange/buyer same way if u r long in zinc and could not sell it in mcx before expiry you will have to take delivery of zinc material from ware houses directed by exchange.So dont keep any position opened after expiry

Shiv Prasad at 05:03 PM - Apr 25, 2019 ( )

zinc mini.........risky trade

sell cmp 199.80-75 sl 200.20

target 196.50.......

trade in small qty ........

Shiv Prasad at 04:52 PM - Apr 25, 2019 ( )

Can someone please confirm if Futures trading in MCX base metals will be possible going forward ?

Dear u can trade in these commodities...but u must clear buy or sell positions by expiry..i.e. if u have sold zinc or aluminium and failed to cover shorts...then u will be forced to give physical delivery to Mcx exchange/buyer same way if u r long in zinc and could not sell it in mcx before expiry you will have to take delivery of zinc material from ware houses directed by exchange.So dont keep any position opened after expiry

Shiv Prasad at 04:48 PM - Apr 25, 2019 ( )

Copper.............cmp 46.50-55.......low 46.10

I have a doubt copper has made its low today......

If it doesnt break it today, or does not fall below 445.30......its on the way to 453-456 once again. So shorts shold be out in short dare devils can go long in copper with sl of 445.30 for 453+

Mohammed Methiwala at 04:02 PM - Apr 21, 2019 ( )

Hi All !

Can someone please confirm if Futures trading in MCX base metals will be possible going forward ?

As per recent directive from SEBI, MCX has made "Delivery" mandatory for Aluminium (5MT) and Zinc (5MT). And going forward there are plans to do the same for other metals alongwith the "Mini" variants.

Shiv Prasad at 06:13 PM - Apr 18, 2019 ( )

There is some positive data from us for base metals..

But they are already in good downtrend...so dont expect any trouble..still u have ur sl in system with manageble positions..

Even Lead will fall towards 132.15 all of sudden.......

So is copper..........

all the best......bye

Shiv Prasad at 06:08 PM - Apr 18, 2019 ( )

The following message is not to show that I am superior and smart trader, or chest pumping just sharing some mistakes we traders doing while trading..thats all.

No one is free from emotions...emotions play a big role in trading...it panics.....even I am losing and earning money like every trader........but my small stop losses and managable positions help me in trading better.....

Shiv Prasad at 06:02 PM - Apr 18, 2019 ( )

Do u not short a fallen stock/item just because it has fallen too much and scared to short it , rather go for one item which has not fallen....but u think it may fall later.......and short it?

U r wrong mostly...because if one item did not fall because its finding buyers and if oneis falling more and more its just because it finds no buyers...so u should short fallen item without getting scared...

this is the traders mantra.......like copper and zinc are tend to fall more than others..

Just c this example...while i was posting this message......I had shorted zinc lead copper and alu.....

Copper and zinc were most fallen items..from the level of 197+ zinc made a low of 196.30 where i have covered some good profit.......keeping some for next fall towards 195.80 and lower

copper fell 1 points or so from 448...

Alu which was not falling rose to 148.40 from 148.25

lead which was quoting at 133.75 still quoting same.

It means .........

Shiv Prasad at 05:28 PM - Apr 18, 2019 ( )

Do u not short a fallen stock/item just because it has fallen too much and scared to short it , rather go for one item which has not fallen....but u think it may fall later.......and short it?

U r wrong mostly...because if one item did not fall because its finding buyers and if oneis falling more and more its just because it finds no buyers...so u should short fallen item without getting scared...

this is the traders mantra.......like copper and zinc are tend to fall more than others..

Shiv Prasad at 05:23 PM - Apr 18, 2019 ( )

Already zinc is bleeding and it can test 222 mostly today..........if 225.15 is safe..

all base metals are moving down...so general public tend to short them more and it looks like big money coming in shorts........any time market can run opposite direction also when no one thinks..so dont do a mistake of not putting ur sl in system and ride ur profits.

all the best.This has happened to me many times and so caution......otherwise technically all base metals looking weak and further redy to fall....

Even Aluminium 148.30-45 if 148.90 is safe it can fall up to 145........

all the best

Shiv Prasad at 05:19 PM - Apr 18, 2019 ( )

Lead 133.70-85 ..........cmp

if 134.85 is safe...........to day u get 132.15

 

Shiv Prasad at 05:18 PM - Apr 18, 2019 ( )

Today i m later

copper cmp 448

if 449.95 is safe...........u will get 443.10 today

Shiv Prasad at 10:10 PM - Apr 17, 2019 ( )

copper cmp 454.40...agai. When it comes to 456.00/456.20 sell WD sl of 458.30 target 448...mind it it has not completed target of 463/464 above 458...so if it again moves above 458 30...it will go for 65... otherwise 48 waiting...do trade tomorrow

Shiv Prasad at 10:00 PM - Apr 17, 2019 ( )

Sorry guys copper bad timing n calculation...could not find rally till 59...WD HV been a super call...zinc not triggered....high only 227 25...

Shiv Prasad at 06:04 PM - Apr 17, 2019 ( )

Bye...................trade wd sl........

Shiv Prasad at 06:03 PM - Apr 17, 2019 ( )

Zinc..............cmp 226.70

risky players sell only at 227.50-65 with sl above 228.20........target 225.30/224.10

trade when comes.

Shiv Prasad at 05:52 PM - Apr 17, 2019 ( )

Dnt buy copper...

sell it near 457 wd sl of 458.30 for target of 451.20.......450.80..

 

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