Trading picks for 11 october 2012

Gold:

Buy gold around 31400-420 with stop loss below 31360 for target of 31510-600 for the day. Sell gold below 31360 with stop loss above 31425 for target of 31310-270-220.

Silver
buy silver on declines around 61900-61800 with stop loss below 61400 for targeting 62500-630. Rise around 63400-63600 sell silver with stop loss above 63900 for targeting around 62900-62600 for the day
Crude Oil:
 sell  crude below 4864 with stop loss above 4912 for target of 4845-4825 . Buy crude on decline around 4815-4790 with stop loss below 4740 for target of 4860-4905.

Natural Gas:
  sell natural gas on rise around 189-193 with stop loss above 196 for targeting 184-176.

Aluminium:
  buy aluminium on decline around 105.50-104.50 with stop loss below 104 for target of around 106.50-107.50

Zinc:
buy zinc on decline around 103.50-102.90 zones with stop loss below 102.40 on closing basis for target of around 106.30-108.70-111 in short term
Lead:
sell  lead around 117-117.50 with stop loss above 118.60 for targeting 115.80-114.60 . Positional traders can  buy between 115.70-114.80 for targeting around 119-123-125.

Nickel:
sell nickel . around 945-947 zones with stop loss above 956 for targeting 936-92

Copper:
  consolidation takes place  between ranges of 431-443. Stability above 443 would lead to 450 zones. While failure below 431 may take it towards 428-424 zones

Trading picks for 17 September 2012

Gold:

Sell gold below 31816 with stop loss above 31930 for targeting 31720-630-530.for the day and 2-3days. If metal manage to spend some time above 31970 then a buying trade can be taken with stop loss of below 31830 for targeting around 32.070-32160 for the day

Silver
 Buy silver on decline around 63200-63300 for targeting 64000-65000 with stop loss below 63000.

Crude Oil:
Sell crude on rise around 5370-5390 with stop loss above 5425 on closing basis for targeting 5250 for the day and short term.  sell crude below 5310 with stop loss above 5345 for targeting 5265-525.

Natural Gas:

 Buying on decline around 152-153 zones with stop loss below 147 for targeting 161-169.

Aluminium:
Selling aluminium around 116.90-117 with stop loss above 117.50 for targeting 116.20-115.60 . Buy above 117.40 for targeting 118.10-119 with stop loss below 116.85.

Nickel:

Buying nickel above 964 for targeting 972-978 with stop loss below 953. Sell nickel below 953 with stop loss above 964 for targeting 944-937.

Copper:
Sell copper below 456 with stop loss above 458.50 for targeting 453.50-451.50. Buy around 448.50-449 with stop loss below 445 for targeting 456-466.

TRADING RULES

ALWAYS USE STOP LOSS TO PROTECT YOUR CAPTIAL

•Never over-trade and adhere to your risk management rules.


◦Never turn a profit into a loss. If you are using a stop-loss order, then raise your stop-loss so as to lock in a profit.


◦Remember, "the trend is your friend," and never buy and sell if you are not sure of the trend according to the fundamentals and technicals.


◦When in doubt, get out. Only trade when you feel confident about your trading strategies.


◦Trade in the most active markets, and refrain from the slow, inactive markets. Also, trade the most liquid contract months.


◦Your risk should be equally distributed. Trade in 2 or 3 different commodity products so as to avoid tying up all your capital in any one commodity.


◦Trade "at the market" whenever possible and try to avoid using orders with a fixed buying and selling price (except a stop-loss).


◦Establish a "surplus account" after you have a series of successful or winning trades. Your goal is to retain the "surplus account" in times of emergency or panic.


◦Never get into the market because you are anxious from waiting, and never get out of the market just because you have lost your patience.


◦Never buy just because the price of the commodity is "low", or sell just because the price is "high."


◦Never change your position in the market without a good reason. If you execute a trade, base it on a fundamental reason or technical rule. And then do not get out without a definite indication of a change in trend.


◦Do not guess where the top and bottom of the market is, but let the market prove its top and bottom.


◦Reduce your trading after your first loss; never increase or "double-up."


◦Perception is not reality. Only trade on "quality" advice.


◦Avoid the natural tendency toward increasing your trading after a long period of success or a period of profitable trades.


◦Use self-discipline as your guide when the market goes against your position. Take your loss and wait for another opportunity.


◦Never average a trading loss.


◦Avoid getting in and out of the market wrong, and getting in right and out wrong. This only leads to doubling your mistakes.


◦Avoid taking small profits and big losses.


◦Strategize according to market consensus. When too many market participants are moving the market in any one direction, the market becomes very vulnerable. Determine the make-up of open interest, utilizing such tools as the CFTC "Commitment of Traders Report.".


◦Only trade with genuine risk capital, and be aware of the risk of losing.


◦Do not trade when you do not understand the market. Trade with confidence and conviction.


◦Find your personal trading niche, and remain focused. Be cautious to not over extend your attention span.


◦Do not treat all markets the same. Learn to adjust the size of your positions and the frequency of your trades for different markets.


◦Look at all sides of the market. Try to understand why a buyer would buy, and why a seller would sell. This will enable you to be more flexible, and less resistant to change.


◦Ignore the minor price fluctuations and place positions with the basic trend of the market. Remember, the odds are on your side when you trade with the trend rather than try to pick trend reversal points.


◦Guessing key reversal points can be risky. Therefore, let the market tell you when it is over by a patterned reverse in direction.


◦Always remain true to your trading plan, and follow the trading style that works best for you. This may be accomplished through the help of a broker or done independently.


◦Never make a mistake without asking yourself why. Learn from your trading mistakes. If possible, keep a log of your trades - why you maded them, what happened and why, etc.


◦Do not establish your trading size based solely on margin requirements.


◦Always trade within your capabilities, financial and otherwise.


◦Put your trust in the markets, and do not be afraid when they reach historic highs or lows.


◦Never underestimate the makeup and volume of the market’s participants. There's a lot of money out there!


◦Remember, the key to any plan is how well it performs over time.


◦Never let greed or fear take control over your winning positions.


◦It is very difficult to make and keep profits by becoming addicted to either the action in minor fluctuations, or to opposing the majority just to be a contrarian.


◦Declining volume usually indicates the market is not accepting higher or lower prices, and could indicate a turn.


◦A market that is topping or bottoming out does not spend much time at the extremes, so there will be little volume at these points.


◦Be flexible with your trading. This will promote your growth as a trader. Alter your plan as it suits your increasing knowledge of the markets.


◦Finally, have confidence and believe in yourself!

Commodity Trading

Friends this is a blogsite which can advise you how to trade in commodities in India.Everyday levels will be published and you can trade accordingly
Commodity trading can make person rich sooner than equity markets.Any how both of them needs good mind control and you not trade according to your thought about the market.

Two simple way/RULE to trade in commodity is
1. TRADE ACCORDING TO THE OF THE MARKET AND
2. SHOULD FOLLOW STRICT STOP LOSS