Tuesday, 21 June 2016

6 comments:

  1. Hi URD, Got to know your blog from Nifty Nirvana. I am still learning about the 'Decision Points' Trading system. I am commodity trader. I have one question Whether this 'Decision points' system can be applied to MCX commodity market as well?. I have seen you sharing trades with Crude oil, What about other non-agri commodities such as Gold, Silver, Natural Gas, Nickel,Lead, Copper, Zinc and Aluminium, whether this system can be applied to these markets also? Please share your views. Thanks in advance.

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    Replies
    1. CJ

      I feel the range trading system should work on any instrument which is traded by the traders. Since the commodities are traded 24 hours slightly different tactics need to be used than Nifty. I trade MCX crude oil and I will discuss more about the fine tuning in the system to trade crude oil in near future.

      URD

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  2. Yes. Very tight range day.
    Greed for taking break of low of range, whipping.

    So one should wait for range break or trade this tight range too?

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    Replies
    1. Anand

      Rather than breakout, trade what is apparent on the chart. Wait for confirmation and then trade.

      URD

      Delete
  3. Dear Daveji

    Looking for your "fine tuning in the system to trade crude oil in near future"

    Regards,

    Veer

    ReplyDelete