Post#1 Hi Guys! In this thread i would share some of my Systems and Strategies and free Resources on Commoditiesall to just co-operate and add to the thread constructively because TIME is precious to each one of us.

Just Keep on tracking it for few months and keep practicing analysis and reading good books and you should be bettering your skills each day.

Kamlesh

Post#2

PREPARATION before placing the trade on Daily basis:

I already have Weekly charts, Support/Resistance

1. Read Weekly (on Sunday) and Daily TA on the following link.http://www.oilngold.com/ong-focus/technical/

2. Check economic calender here and note the times when important news can affect my market. Also US markets Open times.http://www.forexfactory.com/calendar.php

3. Determine the 'TREND to trade With' on my time frame 5 min.Dow Theory(HH-HL/LH-LL)/Trendlines/SMA

4. Apply my SYSTEM/Strategies to Crude, Gold, Silver and look for opportunities here.http://quotes.esignal.com/esignalpro...chart.studies=

5. Now i watch live international charts here.http://www.cx-portal.com/wti/oil_en.html

6. Now i wait for the opportunity to satisfy me completely to place the Entry order always along with a Stop Loss order. If iscalping the breakout etc. i would place a profit booking order too.

Kamlesh

Post#4

OPPORTUNITY TYPE - 01 : Trend Reversal.

Tools:

(a) Trend lines any time frame(TF) >=5 min. Higher the TF better.(b) Dow Theory: HH-HL => Uptrend, LH-LL => Downtrend established in the same

Read as much as possible on how to draw valid Trendlines/Channels and Practice them. This is theThinking among traders.

Suggested Book: Edward n Magee's 'Technical Analysis of Stock Trends'

Post#5

In the chart attached (10 min):

Dow Theory LH-LL told me that trend has changed (

that my Risk-Reward ratio becomes brighter.

My Stop Loss: 2-ticks above LH point.

Entry Point: As close as possible to the down-trendline (For closer look i entered on 3 min TF).

Profit booking by Parabolic SAR.

Simpler Trading, Happier Trading!

Systems and Strategies and free Resources on Commoditiesoperate and add to the thread constructively because TIME is precious to each one of us.

on tracking it for few months and keep practicing analysis and reading good books and you should be bettering your

PREPARATION before placing the trade on Daily basis:

I already have Weekly charts, Support/Resistance levels memorized on all 4 commodities and know what it is doing.

1. Read Weekly (on Sunday) and Daily TA on the following link. focus/technical/

conomic calender here and note the times when important news can affect my market. Also US markets Open times.

h' on my time frame 5 min.

4. Apply my SYSTEM/Strategies to Crude, Gold, Silver and look for opportunities here. http://quotes.esignal.com/esignalpro...chart.studies=

5. Now i watch live international charts here.

6. Now i wait for the opportunity to satisfy me completely to place the Entry order always along with a Stop Loss order. If ic. i would place a profit booking order too.

(a) Trend lines any time frame(TF) >=5 min. Higher the TF better. LL => Downtrend established in the same TF.

Read as much as possible on how to draw valid Trendlines/Channels and Practice them. This is the

Suggested Book: Edward n Magee's 'Technical Analysis of Stock Trends'

told me that trend has changed (Self-Sufficient condition for trend reversal).Now I Waited

trendline (For closer look i entered on 3 min TF).

Systems and Strategies and free Resources on Commodities. I would request you operate and add to the thread constructively because TIME is precious to each one of us.

on tracking it for few months and keep practicing analysis and reading good books and you should be bettering your

levels memorized on all 4 commodities and know what it is doing.

conomic calender here and note the times when important news can affect my market. Also US markets Open times.

6. Now i wait for the opportunity to satisfy me completely to place the Entry order always along with a Stop Loss order. If i am

Read as much as possible on how to draw valid Trendlines/Channels and Practice them. This is the Foundation for

Waited for the market to rise further so

Post#7

Hi Guys!....Plz save your TIME and MONEY on charting from data from MCX as any conclusion about support/resistance, candlesticks patterns or trendline, etc. would be WRONG. MCX trades for 13.5 hrs whereas international markets trade for 23.5 hrs a day.

Why? Because MCX trading follows international prices from NYMEX, COMEX, LME, etc.

Follow international charts only and don't ever pay a rupee to anybody either for software or data or trading system. That's not even needed leave being worth it.

For STOCKS best and most accurate charting facility along with all basic TA tools is available on Reuters website(for free). Suppose you want to analyze SBI click on the link: http://in.reuters.com/finance/stocks...?symbol=SBI.NS

For COMMODITIES: Suppose you want Silver at your desktop: http://quotes.esignal.com/esignalpro...chart.studies=

Reuters, eSignal.com, Quote.com all are among the best data vendors in the world. Just their free service is 10-12 min delayed with real time data. Highest accuracy is what i want, which is here, no doubts.

If you want just 30 seconds delayed data for Crude Oil, Gold, Silver go to this link. http://www.cx-portal.com/wti/oil_en.html

'Higher the TF better the profitability' so 10-12 min delay doesn't affect my trade plan. So where is the need for paying a single paisa to any vendor?

For expert technical analysis also on daily basis here are the links: http://www.reuterstechnicals.com/cat...ls/daily-nifty http://www.oilngold.com/ong-focus/technical/

Plz don't ask anybody for tips, check out above links and plan your trade and be self-reliant.

Also you may track my thread and start practicing TA, it's all in the books and out of secret boxes. Anyone can read and learn and trade profitably.

We don't have to discover the Wheel again and again.

Kamlesh Uttam

Post#8

For the New traders let me detail my abbreviations.

TF: Time Frame LH: Lower High HH: Higher High LL: Lower Low HL: Higher Low LME: London Metal Exchange COMEX: Commodity Exchange, Inc., USA NYMEX: NewYork Mercantile Exchange

TA: Technical Analysis. SL: Stop Loss order

For any other query, post it. Any of the fellow brothers would answer it as soon as possible.

Kamlesh Uttam

Post#9

US Markets Open times in IST:

COMEX : 5:50 PM Indian Standard Time (IST) S&P500: 7:00 PM IST NYMEX: 8:00 PM IST

Due to 'day light saving' theses times would get delayed by one hour after last Sunday of October.

All these market open and have effect on Gold, Silver, Crude prices. Later we would discuss how to exploit these times.

Kamlesh Uttam

Post#12 Quote:

Originally Posted by amanfree well kamlesh what commodities are u trading??

Hi Aman, I am trading all 4 in the title of the thread.

Kamlesh Uttam

Post#13 My basic AIM is: To help new guys become winners. I know it pains a lot on loosing money. Also, i have learnt a lot from traderji.com so contributing my bit.

That's why keeping things as simple as possible and talking from basics. I think after few months this thread would be very rich by knowledge and no. of traders contributing to it.

Kamlesh Uttam

Post#16 This is my Trade of the Year!

I waited patiently market kissing the trendline and was rewarded handsomely.

Theorem 01: During a Downtrend Highs/SwingHighs are to be watched first. (Similarly for an Uptrend)

Corollary of Theorem 1: If Highs/SwingHighs have been carefully treaded by the traders, take a note of this weakness in you analysis.

Well...Fibonacci Levels are there in the chart. Note that at the Equillibrium Point of 50% Values matched exactly. That boosted my confidence about my line of thinking.

OABC is my own line of thinking and terminology.

Theorem-02 " Price Momentum can not be killed abruptly where masses are involved. Every MOVE shall have a FOLLOW-UP move"

OA - MOVE BC - FOLLOW-UP

Profit Booking by Heikin-Ashi candles- 1 candle back.

Market Action: Before O : It was BUYING O to B : SELLING for profit Booking on Long Positions B to A : Short SELLING then A to B : Short COVERING, exhausts at B From 'Confirming' to C: Fresh Short SELLING

It is very important to know what the Market's Activity is.

Kamlesh Uttam

Post#17 Favorite Trade Set Up: 02/08/2011 (5 min Crude chart) (a) Fantastic Reward/Risk ratio (b) HH (c) Trendline Support Market made me smile: Volume increased immediately in my direction. Kamlesh Uttam

Post#24

Originally Posted by amanfree

i hope u r enjoying gold and silver bull run

Yup! but time for consolidation is not far as on weekly charts it has already met its upper channel line. So it's time for trailing SL profit booking.

Great news is that S&P 500 has done all the wrong things in the last few daystimeincluding a LH-LL. So, I think Gold still has a lot to go Higher. May be silver too will be dragged UP.

Kamlesh Uttam Post#25

Originally Posted by uttamkamlesh Yup! but time for consolidation is not far as on weekly charts it has already met its upper channel line. So it's time for trailing SL profit booking.

Great news is that S&P 500 has done all the wrong things in time including a LH-LL. So, I think Gold still has a lot to go Higher. May be silver too will be dragged UP.

Kamlesh Uttam

It all happened today..... Post#27 Well....See how without any complex indicators you can make Entry and Exit in Gold. Beauty is that Gold is in well EstablisheBull market, THE GREAT TREND. It would shout like anything before reversing no matter double dip recession or triple dip recession surfaces. Theorem 03: A TREND IS INTACT UNLESS PROVED OTHERWISECorollary: or in other words (Jesse Livermore even says):you from any big trouble.

Yup! but time for consolidation is not far as on weekly charts it has already met its upper channel line. So it's time

has done all the wrong things in the last few days broken 200 DMA for the first time after a long . So, I think Gold still has a lot to go Higher. May be silver too will be dragged UP.

Yup! but time for consolidation is not far as on weekly charts it has already met its upper channel line. So it's time

has done all the wrong things in the last few days broken 200 DMA for the first time after a long . So, I think Gold still has a lot to go Higher. May be silver too will be dragged UP.

Well....See how without any complex indicators you can make Entry and Exit in Gold. Beauty is that Gold is in well EstablisheE GREAT TREND. It would shout like anything before reversing no matter double dip recession or triple dip

A TREND IS INTACT UNLESS PROVED OTHERWISE. : or in other words (Jesse Livermore even says): When in doubt, assume that the trend is intact. TREND would save

Yup! but time for consolidation is not far as on weekly charts it has already met its upper channel line. So it's time

broken 200 DMA for the first time after a long . So, I think Gold still has a lot to go Higher. May be silver too will be dragged UP.

Yup! but time for consolidation is not far as on weekly charts it has already met its upper channel line. So it's time

broken 200 DMA for the first time after a long . So, I think Gold still has a lot to go Higher. May be silver too will be dragged UP.

Well....See how without any complex indicators you can make Entry and Exit in Gold. Beauty is that Gold is in well Established E GREAT TREND. It would shout like anything before reversing no matter double dip recession or triple dip

sume that the trend is intact. TREND would save

Post#28 MY TRADE OF THE YEAR - 02

Hi Guys!....Enjoy the chart.

Note the Reasons of Entry (as usual):

(a) Bearish Trendline (b) LH-LL

Post#30 Hi Guys.... Look at the chart: Why i did not enter the trade.

Post#31 Quote:

Originally Posted by amanfree I m not able to find theorem No. 2

In the same post as Theorem - 01 Kamlesh Uttam

Post#32 Hi Guys, These are the two trades i took in the last week. Second one turned out to be MASSIVE one due to recession fears.

I find trading commodities a lot easier as they TREND too often and keep on trending unless proved otherwise. And there are not daily Gap open/down issues, no CEOs getting arrested. No inquiries for Gold or Silver. No financial results etc. Well it's up to you if you can benefit from the GREAT TREND. Kamlesh Uttam Post#33 Guys....Check out this trade of mine. 27/06/2011 : (05 min)

KEEP on REPEATING THE SAME THING AGAIN and AGAIN and become a winner. Best Wishes! Kamlesh Uttam Post#34 Hi Guys!.....meanwhile let me introduce myself.

I am a day-jobber, an IITian, employed in a PSU, R&D division. Have done teaching too so i try to simplify complicated things. Well.... i heard the word 'Technical Analysis' on TV then googled it and came to know that markets provide information which can be processed to benefit from it. There are tools and a huge experience of legendary traders. I kept on reading and reading. I attacked Dow Theory first and then Elliot Wave theory. Then so many books. I always wanted to be a well-read person as an edge is necessary for long term survival. It's all in the books. Thanks to The Internet. Well... It takes time, hard work and perseverance to become a surgeon, a lawyer, a player, and also a TRADER. But beauty with the trading business is that It is SCALABLE. which inspired me to work hard and harder. That's up for now. Later we 'll talk other things. Kamlesh Uttam Post#36 These are the two trades i took on Crude yesterday. 05/08/2011 - (05 min)

Post#37 Quote:

Originally Posted by vjy_in i really appreciate the efforts that u r takin !!!! thnks...suggest some good books & software to learn TA.....

Well.... I use websites i mentioned earlier for trading plans. I can access live international charts on my mobile and call and trade with the broker. Software is ODIN-Diet provided by AngelBroking when i am trading 5 min charts in the evening. Books...Well....I am going to mention few of them hoping 1. CANDLESTICK CHARTING EXPLAINED - Greg Morris2. High Probability Trading Strategies Robert C. Miner3. High Probability Trading - Marcel Link 4. Street Smarts Linda Raschke and Laurence Connor5. Trade Chart Patterns like the Pros Suri Duddella I would suggest Practice PATIENCE to master TRADING.Believe me market is the Mother of OpportunitiesYour opportunity would too come sooner or later. Kamlesh Uttam

Post#38 This is the TRADE i will be waiting for the next 2

i really appreciate the efforts that u r takin !!!! thnks... suggest some good books & software to learn TA.....

trading plans. I can access live international charts on my mobile and call and trade with

Diet provided by AngelBroking when i am trading 5 min charts in the evening.

Books...Well....I am going to mention few of them hoping that you would read them cover to cover....religiously.

Greg Morris Robert C. Miner

Linda Raschke and Laurence Connors Suri Duddella - Check this man's Bibiliography

Practice PATIENCE to master TRADING. Mother of Opportunities, it would feed you too.

r later.

This is the TRADE i will be waiting for the next 2-3 months.

trading plans. I can access live international charts on my mobile and call and trade with

that you would read them cover to cover....religiously.

I hope it to become another TRADE of THE YEAR. Kamlesh Uttam Post#39 Guys....Check out this LINE of THINKING.

Kamlesh Uttam

Post#40 Theorem - 04: Market follows the 'Path of Least Resistance' just like current. (a) When market is loaded with Short positions (OverSold) and cannot go further down and there are signs of stabilization, stay alert a single trigger can surprise the market to the upside. As today is the status. Similarly for long positions. (b) If market has formed a Resistance/Support line for itself, it pays attention to it in its next visit, It rebounds unless there is a great force (High ADX) to penetrate it successfully. (c) If a market becomes constrained within two opposite type of Trend lines /bull-bear forces, it expands in the direction of least resistance. Driving force may be Risk/Reward ratio or one-sided market positions, HTF trend or whatever. Theorem - 05 More Breakouts to the Upside are False than to the Downside. It is a statistical fact so be cautious and always wait for confirmation. Refer Marcel Link's discussion on this. Theorem - 06 SHORT SELLING is thrice faster in making MONEY than GOING LONG. Just because of Gravity (Mass Mentality) working for it. Check this out.

Post#41 Guys...Let's wait for this one too. Trendlines: Lesser the angle with the Horizontal, Stronger the TRENDLINE is.

Post#47 Hey Guys....I would love to see guys contributing to this thread. That isThose who don't believe in it may plz spare this thread getting strayed away. Idea is not to waste anybody's TIME. I would be posting my trades during the week on this idea. My Weekly trades for Gold, SILVER, NIFTY, Crude Oil are in the waiting.I am confident we can repeat the same success again and again. Kamlesh Uttam

Lesser the angle with the Horizontal, Stronger the TRENDLINE is. and vice versa.

Hey Guys....I would love to see guys contributing to this thread. That is Post the chart where the idea did/did notThose who don't believe in it may plz spare this thread getting strayed away. Idea is not to waste anybody's TIME.

I would be posting my trades during the week on this idea. Also live trades in the making. Keep on tracking this thread.

trades for Gold, SILVER, NIFTY, Crude Oil are in the waiting. I am confident we can repeat the same success again and again.

and vice versa.

Post the chart where the idea did/did not work.. Those who don't believe in it may plz spare this thread getting strayed away. Idea is not to waste anybody's TIME.

. Keep on tracking this thread.

Post#48 Quote:

Originally Posted by pannet1 Hello Utham Kamlesh, How to get charts for other symbols like Zinc Mini from website esignal dot com. I tried various techniques to get it, but failed. Of course the search returns symbol name and exchange. Also which exchange is closely followed by MCX. Please confirm. Thanks.

For Zinc, Copper, etc. i have no idea.

Post#49 Guys! check this one out. If at all Silver touches this red Bullish Support Line i am going to BUY it.

Post#50 Guys! this one was my second big call on NIFTY when it made 5177. I just drew the Bearish Resistance Line somewhere into the future and now i smile that it gave me a great trade and is still making me wait for another great trade.

Note: As per the statistical work done by Greg Morris on candlesticks. It is written that if 'Two Black Crows (CNR)' pattern forms after a run up (Over-bought Market) then there is no need for any further confirmation just Go Short and both the times it worked great. CNR: Confirmation Not Required Kamlesh Uttam Post#51 THE END OF A BULL MARKET (a) A very large IPO comes, masses participate in frenzy and it drags and soaks all the money from weak hands/retailers into the market. (b) People are over-leveraged. If at all Institutional selling starts due to any trigger there is no further supply of losers' money buying this selling. It gets pronounced day by day. And finally people come to believe it after second leg of selling called 'Washout'. Next Time whenever NIFTY approaches 6300, and ADX is not above 30 it's time to close all long positions in the market.

Post#57 Theorem 07: EVERY CLIMAX VOLUME FALL ALMOST ALWAYS RETESTS ITSELF BEFORE RISING. COVER YOUR SHORTS & GO LONG.........Dr. Alexander Elder In this case Crude Retested $89 and and moved to $100. Guys...Check this one out.

Post#58 Quote:

Originally Posted by NANDAMAD I want to read these books.Hope I will get them in Goa. Nanda

I doubt they are available easily in bookshops. Just download them fromwww.4shared.com Kamlesh Uttam Post#59 Quote:

Originally Posted by pannet1 Kamlesh Uttam, 1) Did I miss your discussion on how to exploit this.2) Which of these exchanges is followed by MCX tick by tick (leaving out the currency change).

NYMEX: Crude Oil COMEX: Gold & Silver Discussion is yet to come. But arbitrageurs do the balancing act. All market trend and trade in UNISON. You can follow any one for a trade on more than 3 min chart. Kamlesh Uttam

I want to read these books.Hope I will get them in Goa.

I doubt they are available easily in bookshops. Just download them from

1) Did I miss your discussion on how to exploit this. 2) Which of these exchanges is followed by MCX tick by tick (leaving out the currency change).

You can follow any one for a trade on more than 3 min chart.

Post#63 Hi All... I would love to see those who are visiting this thread to mark their presence here. Feeling that my work is benefiting someone would certainly drive me. Kamlesh Uttam Post#64 This one is for S&P 500...

Post#65 Theorem-08: Low Volumes and Volatility are Just because markets are dynamic place and their primary job is Theorem - 09: Every MOVE in the market has ' AT LEAST is a rare word when used in trading just because trading is a game of probability an

I would love to see those who are visiting this thread to mark their presence here.

Feeling that my work is benefiting someone would certainly drive me.

Low Volumes and Volatility are Often precursor to High Volatility in Price Action (PA).

markets are dynamic place and their primary job is To churn money from weak hands to strong hands.

Every MOVE in the market has 'AT LEAST' 3 legs.

AT LEAST is a rare word when used in trading just because trading is a game of probability and markets are a chaotic place. So

precursor to High Volatility in Price Action (PA).

To churn money from weak hands to strong hands.

d markets are a chaotic place. So

take a note of it. This was the most precious fact (Secret) to me analyzing markets. Thanks to Robert Miner! Well....as mentioned earlier it is important to know what the market MOVE is, i.e., what the market is doing basically ....BUYING or SHORT COVERING, ....SELLING or SHORT-SELLING. As in the chart below you can see there are three legs OA-AB-BC. Those guys who don't use this fact just use indicators often get whipsawed and blame it to the markets or operators. What happens is that indicator may be finally right but due to emergence of BC leg they get confused and book losses or enter with wrong timing. Corollary of Theorem - 09: (a) If BC is weaker than OA (weaker means 1. Lower Volume 2. Sharpness (angle with the horizontal), 3. Price distance moved, 4. Not making new Low/High, ) Correction is over and MajorTrend shall resume eventually. BUY/SELL above/below B. (b) If BC is stronger than OA (stronger means 1. Higher volume 2. Sharpness (angle with the horizontal) 3. Price distance moved, 4. Making new Low/High) A short term Trend may be in the making so a further FOLLOW-UP is most likely event. If it again makes a new High/Low or better if it Closes there, a new Trend is born at least in the short term, i.e., immediate TF in the analysis.

Post#67 Quote:

Originally Posted by tradersilver Dear kamlesh thanks a lot for guiding us newcomers in commodity. Is it possible to place pre market opening orders in mcx.I have seen thatone can't place orders between 9.45 am to 9.59 am. In the remaing 1 min even if i place my order and quote the highest on buying side my order will not get thro. Pls . shed some light on this. Once again thanks a lot for starting this thread

Before 10:00:00 AM MCX cannot accept any orders. Any orders you place will be with the broker. Then after 10:00:01 AM broker's terminal transmits it to the exchange. There are market makers whom we retailers cannot compete just because they have better access, better technology, bigger orders, @market orders. @market orders always get preference. Kamlesh Uttam

Post#69 NIFTY50 ANALYSIS:

thanks a lot for guiding us newcomers in commodity. Is it possible to place pre market opening orders in mcx.I have seen thatone can't place orders between 9.45 am to 9.59 am. In the remaing 1 min even if i place my order and quote the highest on

ide my order will not get thro. Pls . shed some light on this. Once again thanks a lot for starting this thread

Before 10:00:00 AM MCX cannot accept any orders. Any orders you place will be with the broker. Then after 10:00:01 AM broker's terminal transmits it to the exchange. There are market makers whom we retailers cannot compete just because they

ess, better technology, bigger orders, @market orders.

thanks a lot for guiding us newcomers in commodity. Is it possible to place pre market opening orders in mcx.I have seen that one can't place orders between 9.45 am to 9.59 am. In the remaing 1 min even if i place my order and quote the highest on

ide my order will not get thro. Pls . shed some light on this. Once again thanks a lot for starting this thread

Before 10:00:00 AM MCX cannot accept any orders. Any orders you place will be with the broker. Then after 10:00:01 AM broker's terminal transmits it to the exchange. There are market makers whom we retailers cannot compete just because they

Guys! TA is not a Rocket Science. We apply the same well-known fundas again and againbecause Markets (crowds) do the same thing again and again. Just apply KISS (Keep It Simple Silly!...).

Post#72 Hi Guys, Today i got this opportunity to trade. Just look what the difference two charts have. (a) One is international chart (from eSignal website) (b) Other one is from MCX, confusing and saying the opposite.

known fundas again and again the same thing again and again.

Just look what the difference two charts have.

(a) One is international chart (from eSignal website) - telling there is a clear Opportunity. (b) Other one is from MCX, confusing and saying the opposite.

That's why i Keep on watching/confirming from eSignal/cxportal.com charts every 2Keep on watching/confirming from eSignal/cxportal.com charts every 2-3 minutes.3 minutes.

Post#74 Today's Trade: Crude Oil....

While i am editing this post after MCX closed at 11:30 PM hourly chartsat $79.25 and finally $77.6 to test B while we were sleeping in India.

Post#75 Quote:

Originally Posted by ashwani chadha dear pav thanks for sending complete details parabolic sar is a complete mechnical trading sistem

Dear Ashwini, There is a very effective system called Wilder's ADX systemalmost always. Kamlesh Uttam

Post#76 WHEN I DO NOT TRADE ANY COMMODITIES: Friday Close (MCX) at 11:30 PM to

post after MCX closed at 11:30 PM hourly charts SELL at C started performing and hit while we were sleeping in India.

dear pav thanks for sending complete details of sar,the information provided was so complete it is a must read for all and parabolic sar is a complete mechnical trading sistem

Wilder's ADX system along with Parabolic SAR. We shall discuss it lat

WHEN I DO NOT TRADE ANY COMMODITIES:

started performing and hit

of sar,the information provided was so complete it is a must read for all and

along with Parabolic SAR. We shall discuss it later on. I use it

Monday 5:50 PM (COMEX OPEN) Volumes must be high for technical trading to succeed and save yourself from any kind of manipulation of markets. Kamlesh Uttam

Post#79 Quote:

Originally Posted by nagarjuna13 Hi Kamlesh, I have couple of questions. 1) What are the time horizons of your trades? Do you day trade or across days. The reason for my question is that some of your charts show multiple days and others show minutes. I think the time horizon depends on your chart and corresponding trend line/signal. I just wanted to confirm with you. 2) How do you choose time frame to draw trend lines and other indicators? tc nag

Hi Nag, I may trade any TF: 03 min, 05 min, 10 min, 15 min, 60 min, 240 min, Daily, Weekly. Basically, Opportunity is the KING wherever i find it i embrace it. I should feel convinced that i can repeat the same old fundas & success again. There are two types of markets: Trending or Ranging. Trending markets are easy to trade and perform faster, less prone to news / manipulation. Theorem 10: A market which is Ranging in one time frame is a Trending market in another TF. So, if i am comfortable with the risk of the trade i would trade that trend, be it weekly or 3 min. That's why i keep on playing with different time frames in the chart, it's fun man!!!.... Kamlesh Uttam Post#83 Quote:

Originally Posted by prst hi friends, please let me know about some sites that provide eod charts on commodities for free, along with some basic indicators (like rsi, stochs)

eSignal.com is my favourite.....All the popular indicators are there, most accurate, international data and free. I can adjust parameters, fine smoothening concept in Stochastics, in all a wonderful experience. Check out 2nd post of the thread to click on the links. Kamlesh Uttam Post#86 Guys! check out the following link for a factory of Trading Systems. Then you can do back-testing and paper-trading and make one of them click for you! These guys in the forum talk a lot of sense. http://www.forexfactory.com/forumdisplay.php?f=71 Kamlesh Uttam Post#87 Guys! Following links you may click for Silver, Gold and Crude SILVER: http://quotes.esignal.com/esignalpro...chart.studies= GOLD: http://quotes.esignal.com/esignalpro...chart.studies= CRUDE: http://quotes.esignal.com/esignalpro...chart.studies= Kamlesh Uttam

Post#90 Quote:

Originally Posted by hills_5000 Guys, Google GCI MT4. Once you select the website then open a demo trading account there. You will have to down load MT4 /MT5 from there. Install it. Choose 50k/100K USD demo trading money in your account. Therefater you will have access to gold , silver , crude , copper live 24 hrs charts. Lots of features. Ask if any query. Youhave nifty , RIL, SBIN , TataMotors , Wipro , etc . Plus US indices and European indices. Good Luck.

Thanks Hills_5000, it is a wonderful free resource..!!!Will it get blocked after 1 month? Kamlesh Uttam Post#93 Guys! today was a huge SHORT COVERING day on NIFTY.Also fresh longs have opened. As predicted NIFTY found support in Band Now let's wait for our opportunity to sell-short. Kamlesh Uttam

Post#94

Monday morning NIFTY should either open at 4940This is Rising Wedge formation. Trade: GO SHORT if market opens +ve/Gap Up.STOP LOSS: 5175 TARGET 4940.

Google GCI MT4. Once you select the website then open a demo trading account there. You will have to down load MT4 /MT5 from there. Install it. Choose 50k/100K USD demo trading money in your account.

Therefater you will have access to gold , silver , crude , copper live 24 hrs charts. Lots of features. Ask if any query. Youhave nifty , RIL, SBIN , TataMotors , Wipro , etc . Plus US indices and European indices.

it is a wonderful free resource..!!!

Guys! today was a huge SHORT COVERING day on NIFTY.

As predicted NIFTY found support in Band-1 @4720

short.

either open at 4940 or should crash to this value later on by Tuesday.

if market opens +ve/Gap Up.

Google GCI MT4. Once you select the website then open a demo trading account there. You will have to down load MT4 /MT5

Therefater you will have access to gold , silver , crude , copper live 24 hrs charts. Lots of features. Ask if any query. You also

later on by Tuesday.

Post#95

This is the Daily Chart: Reasons for the Trade: (a) Bearish Engulfing ...Confirmation for trend change to come on Monday.(b) Over Bought Stochastics(14,3,3) (c) Resistance below equilibrium Fibonacci value of 50%(d) Gap at 5250-5300 as great Resistance NIFTY should either go down or turn choppy. Very limited upside.If at all it goes up in the next leg it will come down eventually. Trade: I have bought few October(to avoid time decay) OTM Puts at 4600 and 4700.I expect by October end markets would give me multifold profits. I would post any adjustments to my trades on this thread on Daily or Intraday (if needed) basis. So you can take the trade if you get the idea. Kamlesh Uttam Post#97

...Confirmation for trend change to come on Monday.

Resistance below equilibrium Fibonacci value of 50% 5300 as great Resistance

NIFTY should either go down or turn choppy. Very limited upside. If at all it goes up in the next leg it will come down eventually.

I have bought few October(to avoid time decay) OTM Puts at 4600 and 4700. I expect by October end markets would give me multifold profits.

I would post any adjustments to my trades on this thread on Daily or Intraday (if needed) basis. So you can take

I would post any adjustments to my trades on this thread on Daily or Intraday (if needed) basis. So you can take

This Trade was on 30 min GOLD. Same funda: (a) One HL and one HH implies Trend got established => BUY on every decline. (b) BUY and Book profits in the channel established with trailing SL order. Kamlesh Uttam Post#102 Quote:

Originally Posted by prst Hi uttam, I have a query regarding the attached chart. It says profit booked at point B. but it is on the verge of breakout of the channel to the upper side. is it wise to hold for higher breakout or book profits in such a stage? thanks prashanth

(a) Unload 50% positions right at B. (b) Rest 50% move with Trailing SL order. Kamlesh Uttam Post#103 Quote:

Originally Posted by kuldipsoni sir many-2 thanks for how to trade commodity.sir sugges any site for mcx commoditis chart rate in form rupee[india]

Please take my words: No use in using MCX charts for analysis, AT ALL. It's wrong to get pivot points etc. from MCX data. Our markets are followers of international markets. Leaders are LME & NYMEX etc. FOLLOW only leaders and they open for 23.5 hrs X 5 days. Reread posts in this thread for resources etc. It's all there already. Regarding conversion of $ price to Rupee. Use proportion logic. Suppose live international price of Gold is $1850 and that of our contract on MCX at the same time(live) is 28000. Then at $Y international price, MCX price would be(28000/1850) x (Y) Kamlesh Uttam

Post#106

Guys! By this time NIFTY has already crossed the target to 4911.2.I have covered my short positions. So you do. Kamlesh Uttam Post#110 Quote:

Originally Posted by kuldipsoni sir i want good tips in mcx commodities like gold,silver etc.please suggas me about it

Plz don't think of making Big money by someone else's Tips unless it is a paid service of a proven (which is rare) organisatiwhich i at least don't know any. Unless you are for Big money no use of so much hard work & stress in trading. Firstly, Try to pick a suitable trading system. Demo trade it, analyse your trades, refine trading rules. Triple your money thrice in a row. Then you are somewhat ready to make some money. Man! It is very difficult to take money out of the markets.Brightest brains work for you to ensure that! Kamlesh Uttam Post#111 Quote:

Originally Posted by chanduanu2007 Please anyone suggest me how to trade in commodities? I

gold MCX in sharekhan site, please advise me

Guys! By this time NIFTY has already crossed the target to 4911.2. I have covered my short positions. So you do.

sir i want good tips in mcx commodities like gold,silver etc.please suggas me about it

Plz don't think of making Big money by someone else's Tips unless it is a paid service of a proven (which is rare) organisati

Unless you are for Big money no use of so much hard work & stress in trading.

Firstly, Try to pick a suitable trading system.

Demo trade it, analyse your trades, refine trading rules.

ready to make some money.

Man! It is very difficult to take money out of the markets. Brightest brains work for you to ensure that!

Please anyone suggest me how to trade in commodities? I have Dmat account with Sharekhan, am I eligible invest my money in

gold MCX in sharekhan site, please advise me

Plz don't think of making Big money by someone else's Tips unless it is a paid service of a proven (which is rare) organisation

have Dmat account with Sharekhan, am I eligible invest my money in

For investing in Gold you need Commodity trading account not demat account. Regarding how to trade - read at least all the posts of this thre Best Wishes! Kamlesh Uttam Post#118 Quote:

Originally Posted by mdrafi67 HI ,

thanks for ur wonderful contribution............can u pls throw some light in detail about the chart u have listed above.......pls be in little bit detail....hope u will post it so that many members here will be benefitted.....waiting for ur

post...........once again thank u..........

Hi Rafi, In this set up: The idea is catching the immediate trend established. For that i just need a HL and a Higher HHtrend line support. It becomes a highly probable trade. Earlier, a news spike has already made it public what the intent of the market isimmediately retraced back.

Post#119 Quote:

Originally Posted by pkamalesh Kamlesh....I thought the res line was a good line to short..added some puts..Unfortunately by the time i edited the pic and posted the market already tanked...

For investing in Gold you need Commodity trading account not demat account.

read at least all the posts of this thread especially previous one.

thanks for ur wonderful contribution............can u pls throw some light in detail about the chart u have listed bit detail....hope u will post it so that many members here will be benefitted.....waiting for ur

The idea is catching the immediate trend established.

a Higher HH then on next pullback i am a buyer. Better are the odds if that swing happens at a

a news spike has already made it public what the intent of the market is: to the upside, becau

Kamlesh....I thought the res line was a good line to short..added some puts..Unfortunately by the time i edited the pic and

thanks for ur wonderful contribution............can u pls throw some light in detail about the chart u have listed bit detail....hope u will post it so that many members here will be benefitted.....waiting for ur

then on next pullback i am a buyer. Better are the odds if that swing happens at a

: to the upside, because price

Kamlesh....I thought the res line was a good line to short..added some puts..Unfortunately by the time i edited the pic and

Uploaded with ImageShack.us

I too went short. Good to see you here! Kamlesh Uttam

Post#120 Quote:

Originally Posted by pkamalesh I think the Honeymoon period is quite over for Nifty.. 1. RSI close to 51 2.Prices almost touching the top BB

3.The Upper Res TL adding up more shorts at the level without convincingly holding the 5100 mark.. Kamlesh Sir: Have been observing the thread for some time and absolutely convincing rules/methods..Plz Guide us through from what we post..Thanks a ton..Seeing a valuable thread after long in TJ..

I am too short on NIFTY with SL at 5176. Kamlesh Uttam Post#121 [QUOTE=pkamalesh;586397]Hi Kamlesh sir..As per your posts tried to check if the following was a okay kind of interpretation..and i think this could happen in the next week itself or probably 10 days...Just have a look and guide plz..

This is incorrect. Actually what i do is Wolfe Wave pattern. Google it out for yourself. Kamlesh Uttam Post#123 Quote:

Originally Posted by KID_of_MARKET Is this Inverted H & S ??? (on eod chart of nifty as on 16/09/2011)

Seniors Pls Guide.

Looks like to me too. But it will confirm itself very soon if NIFTY closes above 5170. Then Target goes to 5550 to 5600. Let's see how it unfolds. Plz check neckline it asks some correction. Kamlesh Uttam

Post#124 Quote:

Originally Posted by myamit Hi Kamlesh, This is little contradicting to your post #30. Trendline kiss is there but there is no LL which you felt to give a miss in example posted at #30. Am I missing something? I very well understand that there are no fixed rule for all situation but am curious if I'm missing something here. Regards,

Hi Amit! No! you are not missing anything. This trade was not as per the system. 1. I was trading the news. RBI came as per market expectation. There was nothing for the market to explode to the upside due to hawkish commentary. So limited upside. 2. It was Friday's second half and last hour. Traders rarely take home long positions on holidays at least in these volatile times. 3. I had SL just above resistance at 5136 and shorted at 5129. Risk was in total 7+3(brokerage). So Reward/Risk ratio made it attractive. Kamlesh Uttam Post#127 Guys! check out this chart of INFY...

Reasons of Trade: (a) HH-HL means uptrend established. LH-LL means downtrend established. (b) BUY or SELL with Stoch crossover. This week NIFTY has made bullish engulfing pattern. Now, let's wait for SELL signal. Kamlesh Uttam Post#128 Quote:

Originally Posted by myamit Thank you, Kamlesh. I really appreciate your frank & straight forward approach. BTW, have you tried making an AFL for this setup? Back-testing such pattern based trading method will be real fun.

No dear! i am a simple chemical engineer, no programming expertise here . Believe me This IDEA works just because it is supported by classical Dow Theory. Kamlesh Uttam

Post#130 Quote:

Originally Posted by KID_of_MARKET

I can't understand statement abt neckline !!! (As I am kid in these concepts pls bare with me. )

Post#131

As per the pattern if at all silver takes away the swing Low then it should see $36 Kamlesh Uttam

As per the pattern if at all silver takes away the swing Low then it should see $36-37 levels.

Post#132

If you want to invest in Gold for few years then $1700 is the right price. I am going to invest. I shall inform the day. I am waiting for time correction. Gold is not a bubble. It is duly supported by central banks.

Post#135 Guys! may be you know it or not but i am now a days keeping S&P500 live open before me while trading Crude Oil. Just because now a days Gold, Silver are taking a lot of cues from there.

Post#136 Quote:

Originally Posted by KID_of_MARKET Ok. Got It. Sir !!! (Correction means continuation of upward rally (i.e. towards 5150-5170) in overall downtrend, I hope I

understand the right thing. )

No man! i meant your neckline should have passed from the point i have arrowed. Post#140 Quote:

Originally Posted by v_karthikk Hi Kamlesh , what charting software is this ??

This is free reuters chart for INFOSYS. http://in.reuters.com/finance/stocks...symbol=INFY.NS Kamlesh Uttam

Post#141

Rules: Always draw both lines: one on closing basis at LH another with the peak point at LH. Kamlesh Uttam

Post#142

Guys! after a long wait finally our Trade on Crude has come. You may SELL crude with SL at $91.12 Potential is at least up to $83 then to $79. I am going to short it if S&P500 on Monday gives red candle as further confirmation. Kamlesh Uttam Quote:

Originally Posted by uttamkamlesh Guys...Let's wait for this one too. Trendlines: Lesser the angle with the Horizontal, Stronger the TRENDLINE is. and vice versa.

Weekly chart

Daily Chart

Post#144 Quote:

Originally Posted by priceaction what time frame you use for crude

High probability opportunity decides my TF. It may be 3 min to Weekly. Same fundas on different TFs.

Post#145

Post#147

Post#148 Quote:

Originally Posted by mdrafi67 --------------------------------------------------------------HI kamalesh sir, gud observation and wonderful analysis considering the S&other. have u back tested it on any strategy............i hope to do paper trading on these two correlations and will come upsoftware with an integration of S&P500 and crude oil....these and provide with further observation and comments ...........which will provide help me in building a correlation syste

thanks ton...........fr8 work sir...............chee

Watch daily charts for both and you will see the correlation more visibly...

Post#149

--------------------------------------------------------------

gud observation and wonderful analysis considering the S&P500 market.............how long are they in correlation with each other. have u back tested it on any strategy............i hope to do paper trading on these two correlations and will come upsoftware with an integration of S&P500 and crude oil.............if it works gud under stable market conditions just have a look at these and provide with further observation and comments ...........which will provide help me in building a correlation syste

thanks ton...........fr8 work sir...............cheers!!!!!!!!!!

Watch daily charts for both and you will see the correlation more visibly...

P500 market.............how long are they in correlation with each other. have u back tested it on any strategy............i hope to do paper trading on these two correlations and will come up with a

.........if it works gud under stable market conditions just have a look at these and provide with further observation and comments ...........which will provide help me in building a correlation system.

Another instance of correlation between Crude Oil and S&P500.(This Friday Closing session: 05 min chart) Post#151 Quote:

Originally Posted by vol-trader Dear Uttam Kamlesh Sir, This is an amazing thread with lots of learning opportunities. I do not know much about about technical analysis but I will lbefore entering into markets. On previous instances I have lost money only.This time I shall learn about commodities markets and participate in the market. There is lot to learn from your thread. Do keep posting learning articles about technical analysis and commodities trading. I have 2 queries: Are there any sites which offer dummy commoCan u suggest brokers which charge lower brokerages. Thanking You for amazing contribution.

Check out http://www.traderji.com/commodities/...ral- .............Post number 88.... I would suggest you go through all the posts in this thread. Many requisites are already there. Before trading live triple your money thrice in a row on Demo Account. Kamlesh Uttam Post#154 Quote:

Originally Posted by KID_of_MARKET

Sir, How $1700 is right price ?? Plz elborate

I think It is 50% retracement of last upswing.(1477

Yup!..Price has immediately retraced from 1703.1 once already.

Post#156 Quote:

Another instance of correlation between Crude Oil and S&P500.

This is an amazing thread with lots of learning opportunities. I do not know much about about technical analysis but I will lbefore entering into markets. On previous instances I have lost money only.

shall learn about commodities markets and participate in the market. There is lot to learn from your thread. Do keep posting learning articles about technical analysis and commodities trading.

Are there any sites which offer dummy commodities trading opportunities. Can u suggest brokers which charge lower brokerages.

-gas-9.html

posts in this thread. Many requisites are already there.

Before trading live triple your money thrice in a row on Demo Account.

It is 50% retracement of last upswing.(1477-1921)

Yup!..Price has immediately retraced from 1703.1 once already.

This is an amazing thread with lots of learning opportunities. I do not know much about about technical analysis but I will learn

shall learn about commodities markets and participate in the market. There is lot to learn from your thread. Do keep

Originally Posted by mdrafi67 ---------------------------------------------------------------------- hi sir, thank u for ur wonderful posts...............i would like to know how do u write in side the chart ur comments before posting ...i'm using mt5 right now................pls share this................thank u very much....................

I am using MT4. There are tool buttons for that as [A] and [T] just below [New Order]. By the way from where you got MT5?....which broker sends data on it. Kamlesh Uttam Post#160 Quote:

Originally Posted by calic Sir Where can I get these charts?

Please read all the posts of this thread. It's already been discussed.

Post#163 Guys! ......Crude trade is already in profits.. You can also enter if $85 breaks!.... Kamlesh Uttam

Post#166 Quote:

Originally Posted by maxg shorted at 4162. Do I get out today or hold on ?

Hold On....it is an ideal breakdown...just sit tight!..... I shall update daily about any untoward signals.....stay cool....it shall hit at least $83 then ahead...that we have to trail with SL order.....

Post#170

Guys! You may take the trade.

Post#171 Quote:

Originally Posted by vivek266 thanks for what you are sharing its a good thread and i am tracking from the starting.i want to ask about breakouts means when we can say it is holdig a certain level or it is breaking down that level is there any rules for that .bcos i can draw the support and Resistance line on chart but cant say wheather it is holding breaking that level thanks

Breakout is to the upside. Breakdown is to the downside. 1. If market bounces off the trend line implies it is respecting and recognizing it. 2. If it penetrates it again and gain or it trades nearby for more time means trend line is likely to be broken. 3. Lesser the angle with the horizontal stronger the trend line is. 4. On first kiss market almost always responds to a trendline/level. But how much that only market would tell. Only market confirms everything. Kamlesh Uttam Post#173 Quote:

Originally Posted by mdrafi67 ----------------------------------------------------------------- hi Mr.kamlesh, Thanks for ur suggestions. i would like to know that how much fall can be expected before its back on the retracement path. sir will there be any correction about 50 per of fibonacci or just a minor correction is expected.sir do u use just trendline or any other strategy. i'm paper trading SH-315, SH -534........along with trendlines. if u hv any idea regarding these strategies being traded on commodities then pls let me know. can u pls post the crude oil and gold,silver charts with the valid trendline

indicators.......hope u will reply soon. thank u.............

Theorem 11: After a breakout/breakdown market is very likely to retrace back and get bounced off the Trendline/Level which it broke/conquered. That is the confirmation action for surer move ahead. Trade any method but know it fully. Frame the rules and follow them religiously when you go live.. That's it. Kamlesh Uttam Post#174 Quote:

Originally Posted by myamit You mean short crude with a target of $78 or so. I could not understand this chart... could you please elaborate?

Yes! Target is $83 first then $78. Please Google out Wolfe Waves and read and practice as much as you can. Post#176 Quote:

Originally Posted by myamit Dear Kamlesh, It may be too early to say but would you consider this as failed trade. As it seems most SL at 88 may have hit. Or you suggest to keep SL little wider. Regards,

SL is still at $91.12 to negate the trade. Trade should close in the coming week. Crude would sink with S&P500 and faster. Post#182 Quote:

Originally Posted by uttamkamlesh SL is still at $91.12 to negate the trade. Trade should close in the coming week.

Crude would sink with S&P500 and faster.

Guys!...by now a Low of $82.63 has been made. SL comes to $85.12.

Those who want to exit may do so now . I have exited 2/3 of my positions. Cleaned the table!!!

Post#183 Quote:

Originally Posted by pkamalesh Looked like more of a Channel BD than anything else...

Not a good one. Trade only the best ones which are obvious to other traders even if you don't speak to them.

Post#184 Quote:

Originally Posted by prate40 Hi Kamlesh, I have not touched commodities so far. But now i want to have some gold in my portfolio, and book some profits at Diwali. Will it be a safer bet and how much amount should i put in and would i be able to make some decent profits...???

Buy Gold at $1700 to $1710 if you can get. Buy December contract. Then renew it later on. You will make money. If you can buy two contracts of Gold-M then buy 1 right now. You know it's bull market in Gold it may not go to $1700 levels. Post#188 Quote:

Originally Posted by myamit Kamlesh, Why have you exited this so early? I understood that second target is 78. Sorry if this question is too personal. I'm just curious that after all your prediction are going right, why have you exited so soon and that too 100%. Regards,

I still have 1/3rd of my positions that i shall target $78. Let's see. Well...sometimes trading events do occur at night when we are sleeping in India. Then reactions may come so locked partial profits. No issues! many such opportunities come. Let's wait n trade.

Post#189 Quote:

Originally Posted by uttamkamlesh I still have 1/3rd of my positions that i shall target $78. Let's see. Well...sometimes trading events do occur at night when we are sleeping in India. Then reactions may come so locked partial profits. No issues! many such opportunities come. Let's wait n trade.

A Low of 78.36 has been made in crude. Now is the time to close the short positions. Congratulations to all those who participated. Let me know who cleaned the table nicely. Kamlesh Uttam Post#195 Quote:

Originally Posted by amanfree

Well i dont agree here no point catching a falling knife

But i agree with you! ... Post#196 Quote:

Originally Posted by NANDAMAD Uttam Kamlesh sir, I had entered @4192 and exited @3935. But I went short 2 times and covered. I earned Rs.23k in 2 trades. since I am working cd not make most of the opportunity. Thank you for your guidance. Regards Nanda

Congrats Nanda!.....Next time we 'll make it better. Post#197 Guys! My name is Kamlesh...surname is Uttam....just for your convenience of choice.....just wanted to inform.... Post#199 Guys! plz post here your returns from the trades. It would help new guys a lot in many ways.

Well i made 68k for 3 contracts in this crude trade equal to one month salary in hand. . Cheers!.... Kamlesh Uttam Post#200

Silver Future: Bullish view: It should consolidate for along time first before moving up. Bearish view: It may touch lower levels. Suggestion: no fresh trades on daily/weekly charts. Kamlesh Uttam

Post#201 Quote:

Originally Posted by myamit Kmalesh, I have rarely seen such precision (that too as you have said in 2000 mins). I was really missing your posts for last 20+ hours ;-) By the way, could you please share your outlook on Gold & Silver? Regards,

Hi Amit.... I am happy that you read my posts so minutely. I liked it. I expect everyone here to go through the posts, theorems, rules and line of thinking, when, why, etc. of the analysis at least twice. It would help becoming independent. Kamlesh Uttam

Post#202

Guys! This is today's Wolfe Wave on NIFTY on 05 min chart. ....a Perfect one....i loved it...

Post#203

Post#205

Post-Martem of CRUDE OIL: WW nailed $77.55

Post#207 Quote:

Originally Posted by amardeep singh Dear Kamlesh ji I seek your valuable advise for mid term (3-6 months)investment in the commodities. Thanks in advance.

Soon i shall post when to enter Gold....wait for a week or two...

Post#209 Quote:

Originally Posted by prst kamlesh, need ur view on entering long/short positions on gold with a far contract ( for will it be helpful , or will its price move at a very slow rate ( just like our nifty call options of next month) ? thanks prashanth

Gold would whisper in a week or two for a long position.I will buy Gold contract of December.

Post#216

6 months)

Soon i shall post when to enter Gold....wait for a week or two...

need ur view on entering long/short positions on gold with a far contract ( for ex, buying nov or dec contract now)will it be helpful , or will its price move at a very slow rate ( just like our nifty call options of next month) ?

Gold would whisper in a week or two for a long position.

ex, buying nov or dec contract now) will it be helpful , or will its price move at a very slow rate ( just like our nifty call options of next month) ?

Trade: Short LnT if it closes below 1380. Target: Sub-1000 levels are possible. Stop Loss: Above neckline (1550 around) Kamlesh Uttam

Post#219 Quote:

Originally Posted by KID_of_MARKET Thanks for your valuable opinion. But..

Sir, How 1380 ???

I think it has already broke down its neckline.

1390 is Lower point of Neckline let that be taken with a filter of 10. Then go bearish on LnT and short it....That's the idea. You can short it today itself but 1390 may provide support to it. Ya! neckline has been broken but i would like to wait for NIFTY to crack with it. Then LnT would be on perfect downhill....

Post#220 Quote:

Originally Posted by cpt.rajesh14 kamalesh je, How to find out the target for trend line based trading? Advanced thanks Regards, M.R.K

It's case by case, nothing in general....

Post#221

Let's see how gold pans out.... This is what i anticipate...as per Wave Theory and Trendlines and Fibonacci Analysis. Post#222

Post#223

Post#224 Guys! Gold has broken all support lines. Right now @1545. So we have to wait n watch for our entry. Let's see how it responds to 1478.3

Post#224 Quote:

Originally Posted by uttamkamlesh Guys! Gold has broken all support lines. Right now @1545. So we have to wait n watch for our entry. Let's see how it responds to 1478.3

In this Gold Weekly chart, i think it's Hammer forming up. Good! Let us wait on closing basis. Post#226 http://stocata.org/sp500analysis_en/daily.html Guys you may short S&P500 on NSE @1130 around. Post#229 Quote:

Originally Posted by myamit Are you thinking for target of 4980+ for Nifty (maybe by EOD today) Btw... how would calculate time to reach the target? Like last crude trade, you mentioned 2000 mins. Regards,

No! NIFTY has rejected 5000 levels already in the morning by making Open=High before expiry tomorrow. So very feeble chances for 4980+ levels again. Well....This is a very poor WW, untradable. Time is a difficult variable to predict. For crude i told on a funda that i read in Jeffrey Kennedy's classroom lectures for Elliot Wave Theory. Kamlesh Uttam

Post#231 Guys! Who are new to Wolfe Waves to first paper trade at least 100 such waves. Then only put your hard earned money at risk.Making money from Wolfe Waves is fast but needs expert's touch. Please paper trade first. Google out, read everything about them available and frame your rules. Before a trade ensure that you are following the rules exactly without compromise. ================================================ To earn 1-2% in commodities daily just master Pride's Intraday Strategy. It has a great combination of settings, dual TF, momentum. The idea originates from Robert C Miner. http://www.traderji.com/day-trading/...-everyday.html Tweaks i suggest:

1. Just Go with the trend because 'trend is your friend' as they say 2. Commodities trend a lot. 3. Check economic calender first for any forthcoming 4. Take [240 min - 30 min - 5 min] all momentums together for intraday trade on 05 min chart. 5. Look for and draw valid trendlines on all TF. Paper trade first at least 30 such trades. That you can finish in 2 weeks.Then analyse the results. Frame rules and then trade with them. Kamlesh Uttam Post#235 ...no take dear. Post#236 Quote:

Originally Posted by VJAY Dear Uttam, Nice thread today only checked your thread....feeling sad about missing this thread from

this thread give new arsenal to me ...thanks a lot.....

I want to know is your all trading activities in 5 min trf ?if no please explain little bit.....

Welcome Vijay....Please go through all posts. You would love it. Well...Opportunity and Risk decide my TF. From 03 min to Weekly. Post#240 Quote:

Originally Posted by KID_of_MARKET Is it right time to short L&T ?

As already discussed best price was 1380 to short LnT.I think you missed it. Look for another opportunity now. Today LnT fell on strong volumes in a rising market.That shows its weakness. Post#241 Guys! This is Today's WW on 10 min chart. Only point 5 was needed today.Yesterday i thought in office to post it in the evening but forgot at home.

Post#243 Guys! You may take this trade tomorrow. It is wellI shall take it..................Kamlesh Uttam

because 'trend is your friend' as they say but only if you are with it

first for any forthcoming NEWS. Systems perform well in the absence of news.

all momentums together for intraday trade on 05 min chart.

5. Look for and draw valid trendlines on all TF.

Paper trade first at least 30 such trades. That you can finish in 2 weeks. analyse the results. Frame rules and then trade with them.

Nice thread today only checked your thread....feeling sad about missing this thread from begining...as am trade price actions

...thanks a lot.....

I want to know is your all trading activities in 5 min trf ?if no please explain little bit.....

Welcome Vijay....Please go through all posts. You would love it.

Well...Opportunity and Risk decide my TF. From 03 min to Weekly.

As already discussed best price was 1380 to short LnT. opportunity now.

Today LnT fell on strong volumes in a rising market.

Guys! This is Today's WW on 10 min chart. Only point 5 was needed today. Yesterday i thought in office to post it in the evening but forgot at home. Sorry!

Guys! You may take this trade tomorrow. It is well-structured Wolfe Wave.

but only if you are with it.

Systems perform well in the absence of news..

all momentums together for intraday trade on 05 min chart. Highly probable trade.

begining...as am trade price actions

Post#244 Guys! This the trade i am presently in today.Same old fundas.

Guys! This the trade i am presently in today.

Post#246 Quote:

Originally Posted by uttamkamlesh Guys! You may take this trade tomorrow. It is well-structured Wolfe Wave. I shall take it..................Kamlesh Uttam

Follow-up of the above trade: Nifty spot has by now made a low of 4952.75I will be closing my trade at around 4903 Kamlesh Uttam

Post#247 Quote:

Originally Posted by myamit hello... could you please let me know how to draw trendline at esignal charts? Thanks.

Hi Amit: Open the chart on eSignal --> Print Screen by Key Board Select the chart area ---> Cut it ----> Open new window on Paint sketching at your will....and save. Post#248 Guys! Please assume all the trades that i post here are for illustration on how Don't open any trade unless i say so specifically in the posttake the trade) i would able to provide the followanalysis but please take due care of your funds yourself. I hope you all would cooperate. Kamlesh Uttam Post#251 Quote:

Originally Posted by uttamkamlesh Follow-up of the above trade: Nifty spot has by now made a low of 4952.75I will be closing my trade at around 4903 Kamlesh Uttam

4952.75. 4903.

could you please let me know how to draw trendline at esignal charts? Thanks.

> Print Screen by Key Board ---> Open Paint Window ---> Paste the > Open new window on Paint ---> Paste the selected chart

Guys! Please assume all the trades that i post here are for illustration on how to apply the techniques.

unless i say so specifically in the post because for only those trades (where i suggest you to take the trade) i would able to provide the follow-up. Finally, though i am making money for myself with my

is but please take due care of your funds yourself.

4952.75. 4903.

> Paste the content ----> > Paste the selected chart ---> Now do all the

to apply the techniques.

because for only those trades (where i suggest you to up. Finally, though i am making money for myself with my

Finally, 4924.3 has been made on NIFTY Spot. Time is 2:46 PM now. Now trail your SL order on one 15 min candle back. Make sure that you close the positions before markets close. Congrats! to those who made profits. I made 4999 - 4931 - 3 = 65 points per lot Kamlesh Uttam Post#253 Quote:

Originally Posted by vinodjaiswal Hi Kamlesh valuable information you have provided. I use some chart those are free to download. They prices are in dollar. They are on real time chart. So doing any technical study on it help me to take position in local market. Can u provide your contact number so that we can share the things.

Hi Vinod....Please go through all the posts in the thread. You would love it!....i hope. Kamlesh Uttam Post#254 Quote:

Originally Posted by srinivas_rao Hi i need tips on commodities trading.. i have already into commodities trading for gold and silver... but got huge loss in silver.. please anyone suggest me the technical analysis how to make money in commodities trading please...

Please go through all the posts in the thread and keep a track of it. I hope in a few months you would do much better with some hard work, of course. Kamlesh Uttam Post#256

Post#257 CRUDE OIL : 60 min

Post#258 Guys! this is the trade i would be waiting to take.

Let's hope it does not happen while we are sleeping

Guys! this is the trade i would be waiting to take.

Let's hope it does not happen while we are sleeping in India.

Post#259

Gold became a victim of Hedge fund selling which has a feature 'when they sell they sell at any cost'.Post#261 Quote:

Originally Posted by KID_of_MARKET In this scenario Where to book profits? At every lower low ? or at last when trend line break upside ? And suppose I have taken position at first kiss when to exit it??.... at next lower low or add in to when next lower high for

exit all the trades at trend line break?

Best way is to lock profits first by a trailing Stop LossInitially two candles back then one candle back.By experience we get a better feel where to exit after we have already locked in some profits.(a) LL (b) at Number support like $80, $75, $70 etc.(c) Bullish Stoch crossover. (d) HH-HL in immediate lower TF. (e) Descending channel by BRL and a parallel line passing through LL.(f) Fibonacci projections Wherever there is a chance of good support, or market gets bullish news etc. we exit.I think Stochastics crossover is a better choice for a beginner.Remember picking the bottom is not what we try.Finally, i don't do pyramiding in this method. I don't find any place to do so. Kamlesh Uttam Post#262 Guys! I have two more books to recommend, a must read for a genuine trader. 1. Reminiscences of a Stock Operator - American author Edwin Lefvre2. Trading for a Living - Dr. Alexander Elder (Classic Book, almost everyone successful has read it) Kamlesh Uttam Post#265 Guys! Yesterday i thought of summarizing my system ofpreparing a .pdf booklet with all the rules, exceptions & numerous examplesat www.4shared.com so that it can be disseminated to traders commun This method is my brainchild (Bearish Resistance Line is free of copyrights, LHbut hybridizing the two for simple trading decisions is solely my idea) and hence i reserve all the copyrights and name it as "Uttam's Method of SELLING" Kamlesh Uttam Post#266 Quote:

Originally Posted by kk82 Hi kamlesh, I really appreciate you sharing all your knowledge..Great stuff and i hope you continue doing so as i am sure a lot of peoplegetting benefited by this !! I read all the posts in this thread and they were very informative..I have subscribed to this thread ..Thanks again Friend..

Gold became a victim of Hedge fund selling which has a feature 'when they sell they sell at any cost'.

And suppose I have taken position at first kiss when to exit it??.... at next lower low or add in to when next lower high for

trailing Stop Loss order. Initially two candles back then one candle back. By experience we get a better feel where to exit after we have already locked in some profits.

(b) at Number support like $80, $75, $70 etc.

(e) Descending channel by BRL and a parallel line passing through LL.

Wherever there is a chance of good support, or market gets bullish news etc. we exit. oice for a beginner.

Remember picking the bottom is not what we try. Finally, i don't do pyramiding in this method. I don't find any place to do so.

Guys! I have two more books to recommend, a must read for a genuine trader.

American author Edwin Lefvre Dr. Alexander Elder (Classic Book, almost everyone successful has read it)

Guys! Yesterday i thought of summarizing my system of BRL-[LH-LL] in the thread itself first and then later on .pdf booklet with all the rules, exceptions & numerous examples and uploading it

so that it can be disseminated to traders community.

This method is my brainchild (Bearish Resistance Line is free of copyrights, LH-LL of course belongs to Dow Theory, but hybridizing the two for simple trading decisions is solely my idea) and hence i reserve all the copyrights and

"

I really appreciate you sharing all your knowledge..Great stuff and i hope you continue doing so as i am sure a lot of people

read all the posts in this thread and they were very informative..I have subscribed to this thread ..Thanks again Friend..

Gold became a victim of Hedge fund selling which has a feature 'when they sell they sell at any cost'.

And suppose I have taken position at first kiss when to exit it??.... at next lower low or add in to when next lower high forms and

Dr. Alexander Elder (Classic Book, almost everyone successful has read it)

in the thread itself first and then later on and uploading it

LL of course belongs to Dow Theory, but hybridizing the two for simple trading decisions is solely my idea) and hence i reserve all the copyrights and

I really appreciate you sharing all your knowledge..Great stuff and i hope you continue doing so as i am sure a lot of people are

read all the posts in this thread and they were very informative..I have subscribed to this thread ..Thanks again Friend..

Kiran

Welcome to the thread Kiran. I am happy to hear that you read all the posts, which is what i want from all the new joinees to this thread. That ensures smooth continuity in the discussions. Kamlesh Uttam Post#267 Guys! In this post i am going to discuss something very important about Stop Loss orders. There are two usage of Stop Loss orders: 1. To Enter into the trade 2. To Exit out of the trade. Stop Loss orders may be with Limit Price/@Market Price while Entering into the trade but must be @Market Price while Exiting -- Richard Donchian ...............Just because while exiting, the reason for being into the trade vanishes. For example, if you have entered into the trade to profit from momentum with a bullish stochastic crossover. Now trade goes into profit and Stochastics finally makes bearish crossover. Now you MUST exit the trade without your order being skipped by the market as bullish momentum has already vanished from the market. Now look at the two cases: (a) Suppose you have a limit price in the Stop Loss order and there comes a big order at your limit price or market has low liquidity at that price your order may get skipped and your profits may disappear and if it is a losing trade losses may swell. You never know how much damage market can do to you. I have once suffered a big loss due to skip of SL order in the very liquid market of NIFTY where my gap between Limit price and Trigger price was 1 point. I was in office and had opened a trade over phone and put a SL order and was relaxed that if i am proved wrong my losses would be limited to my SL Limit price. (b) Now if you have Stop Loss order as: Trigger price: (value) and Limit Price as '0' (zero). Then you don't have to worry about liquidity etc. your order will get executed @market price and there is no danger of it being skipped which is a must while EXIT. When you SHOULD exit (either with profit or loss) you MUST exit at any cost just because the reason of the trade has vanished by then. Kamlesh Uttam Post#273 Quote:

Originally Posted by sanblue

Commodity Trading is not the easy Task, when we are constantly keep watch on market Trends, Market Trend Prices on that

basis we can start trading. for that we have to check market watch reports of commodities. visit here Crude Oil Market Watch Report to find the best Place for finding Latest Market Watch report for Crude oil, Gold, silver and many more.

Dear Member, 1. I think trading itself it not easy task. 2. What you want to say is trading with fundamental analysis (FA). 3. We are making money from technical analysis (TA) here in this thread. Just go through all the posts if you have that much patience. I am sure you will feel better about TA. If not now, please revisit this thread after 6 months. Kamlesh Uttam Post#274 Quote:

Originally Posted by kk82 Hi kamlesh, I am just starting with commodities..And i had a basic question that i hope you would help me with..My account is in sharekhan and they provide mcx charts for the various contracts in the commodities..Somewhere along this thread you had mentioned that the data from mcx is not reliable..So do you recommend to follow international charts from esignal etc..? If that's the case then aren't those prices spot prices..So how do you decide on the entry price ? Can you please help me understand this...Thanks a lot..

Download MT4 from GCI Financials, open a demo account. Use MT4 live quotes charts along with eSignal charts for your analysis. That much only i use now a days. Since you are new to trading, i would suggest you to go slow and open a small account and paper trade for 3-4 months.

Much of the stuff that is required for a beginner has been already included in the thread, be it resources or suggestions or books etc.... You may re-look at the posts whenever needed. It takes around 3-5 years at least for a newbie to be ready for the long race in this business.....Marcel Link Kamlesh Uttam Post#277 Quote:

Originally Posted by NANDAMAD uttam kamlesh sir, waiting for a trade like last you gave in crude. regards

Well......i think we both should have carried that short till today and our margin money would have again doubled

by now .

But i got Rs. 4000/- per lot within an hour so i said thank you to crude and forgot about it. Next day you said you also had opened the trade. I could not recall which trade.. That's why i immediately told you to square it off. I don't want you to lose any money because of me at least. Kamlesh Uttam Post#278 Quote:

Originally Posted by kk82 Thanks a lot Kamlesh..do you check mcx prices too and then convert the international prices to mcx before entry....

I keep on making observations on real time MT4 prices and some drawing etc on eSignal.com then when i am satisfied with the opportunity i place the order in MCX. No conversion etc. Just market price. For Stop Loss order i would find corresponding place (swing Low etc.) in the MCX live chart. Kamlesh Uttam Post#279 Guys! Today NIFTY has nailed this EPA line too. Cheers!

Post#280 Guys! Check this out ...........NIFTY Today

Post#284 Quote:

Originally Posted by VJAY Dear uttam, Here you took nf short trade ...how you trail s/l using 5 min trf?or you

Hi Vijay,....pl. visit post number 261. Everyone who wants to know how to book profits with BRL Kamlesh Uttam Post#285 Quote:

Originally Posted by shekharinvest

But the Nifty futures had gone in the opposite direction. To hit an SL here is not the

issue. Would it not be prudent to follow the charts for what we intends to trade. In the instant case NF instead of NS. SHEKHAR

I find it better to assume NIFTY Spot as primary chart....Futures as secondary..... Post#286 Quote:

Originally Posted by kk82 Kamlesh, are the prices in gci real time ie without any delay? Thanks again for all the help..

Prices in GCI MT$ are perfectly real time...no delay....for free Post#288 Guys! This is the post-martem of NIFTY Sell Yesterday.I had sold NF at 4870 and at open itself covered at 4832.Net Gain 38 -3 points. Covered due to a support at 4800-4810.

Here you took nf short trade ...how you trail s/l using 5 min trf?or you stick to your inetial s/l?

Everyone who wants to know how to book profits with BRL-[LH-LL] should re-look at 261st post.

But the Nifty futures had gone in the opposite direction. To hit an SL here is not the

Would it not be prudent to follow the charts for what we intends to trade. In the instant

as primary chart....Futures as secondary.....

Kamlesh, are the prices in gci real time ie without any delay? Thanks again for all the help..

Prices in GCI MT$ are perfectly real time...no delay....for free

martem of NIFTY Sell Yesterday. I had sold NF at 4870 and at open itself covered at 4832.

4810.

look at 261st post.

But the Nifty futures had gone in the opposite direction. To hit an SL here is not the

Would it not be prudent to follow the charts for what we intends to trade. In the instant

Post#289 Quote:

Originally Posted by shekharinvest Thanks for response. In that case how do you manage SL's. One has to trade NF. It was in 18 pts premium yesterday and considering 10-15 pts SL on NS aprox. 30 pts isn't a too large a SL for 5 min TF. SHEKHAR

Dear Shekhar, take decision with NS (Entry & Exit both).....and place the order in NF @market.....place SL a little wide for run away cases. If NIFTY spot holds LH then square off the trade. You can paper trade for 10 times then you will feel comfortable with it. This is what i am doing..... Post#290 Guys! This is the WW which achieved target in the morning session.

Post#292 Quote:

Originally Posted by shekharinvest

Your BRL seems to hold yet again. NS made a LL in the morning. I believe it is a Sell now @ 4860 NS.

SHEKHAR

You got it Shekhar.....BRL as well as LH-LL. Opportunity should always be just perfect. no junk Trades.There are so many opportunities out there. Believe me. kamlesh Uttam Post#296 Quote:

Originally Posted by rajgreenpeace M not commodity trader but i will join soon..........can v trade with out chart...........like eqity 30 mnt high low method.........

I cannot do that. Post#297 Quote:

Originally Posted by adityasaraf007 Kamlesh ji... please look at it.... is it a valid Wolfe Wave never converge....

Regards Aditya

Hi Aditya, This is not a valid WW. Convergence of the two lines is the secret of success of any WW.Price compression is exhibited as convergence of t Try to work for six months on WW. You would not regret your time.

Opportunity should always be just perfect. no junk Trades. Let's be Royal.... There are so many opportunities out there. Believe me.

trader but i will join soon..........can v trade with out chart...........like eqity 30 mnt high low method.........

Kamlesh ji... please look at it.... is it a valid Wolfe Wave (Gap based).... but the problem is that the lines 1

Convergence of the two lines is the secret of success of any WW. Price compression is exhibited as convergence of two lines.

Try to work for six months on WW. You would not regret your time.

trader but i will join soon..........can v trade with out chart...........like eqity 30 mnt high low method.........

(Gap based).... but the problem is that the lines 1-3-5 & 2-4 would

Kamlesh Uttam Post#298 Quote:

Originally Posted by srinivas_rao Hi Kamlesh, I need to speak to you directly can you please give me your contact number.... i need ur help. Srinivas

Hi Srinivas, i can understand you need help, but i too can not afford to give my phone number to any body. I can help only through this thread right now. Kamlesh Uttam Post#300

This was a not an easy trade as market was coming off a Number Support of $75.But i bet on at least a retracement to make a HLPost#302 Quote:

Originally Posted by Bigbear Dear Kamlesh Uttam, I am a believer of S&R's & Dow Theory(HH-HL/LH I have one basic question, Why do you say Trendlines & patterns like WW work? because you saidRead as much as possible on how to draw valid Trendlines/Channels and Practice them. This is the Foundation for Thinking among traders I'm not against your method. I want to know your view as a beginner .

My research of one year on WW in NIFTY as well as S&P500 says so.I have completed a course on WW by Bill Wolfe himself for which he charges $3000 andi have traded around 150 Wolfe waves live till now....and For Trend-lines - no need to comment. Please go through all the posts in the thread.You may find something new and useful.

I need to speak to you directly can you please give me your contact number.... i need ur help. Thank you in advance.

but i too can not afford to give my phone number to any body.

I can help only through this thread right now.

was coming off a Number Support of $75. But i bet on at least a retracement to make a HL and captured sufficient money.

HL/LH-LL)

I have one basic question, Why do you say Trendlines & patterns like WW work? because you saidRead as much as possible on how to draw valid Trendlines/Channels and Practice them. This is the Foundation for

d. I want to know your view as a beginner .

My research of one year on WW in NIFTY as well as S&P500 says so. I have completed a course on WW by Bill Wolfe himself for which he charges $3000 andi have traded around 150 Wolfe waves live till now....and have a huge collection of WWs.

Please go through all the posts in the thread.

Thank you in advance.

I have one basic question, Why do you say Trendlines & patterns like WW work? because you said Read as much as possible on how to draw valid Trendlines/Channels and Practice them. This is the Foundation for

I have completed a course on WW by Bill Wolfe himself for which he charges $3000 and have a huge collection of WWs.

Kamlesh Uttam Post#305 Quote:

Originally Posted by winsomecapital Dear Uttam You are really doing very good work for new traders. could you please tell me that pride strategy work on commodities or not because I am applying this strategy in Gold. But did not get any trade. many thanks for your thread

It works and and gives more trades than NIFTY. Be patient and apply it on Crude, Silver, Gold, NIFTY simultaneously..... I keep open all windows in MT4........5 min 30 min for each scrip..... Include the tweaks i have suggested along with LH-LL..... Kamlesh Uttam Post#307 Guys! This is today's trade in Crude with BRL-[LH-LL]

Post#309 Quote:

Originally Posted by kk82 Hi Kamlesh ji, Is this a 5 min chart?

Each chart has this info at....Bottom right Post#311 Quote:

Originally Posted by kk82 oh sorry had missed that.. Also kamlesh ji will the gci guys block the application after the demo trading money is over? or is there a time limit like 1 month..

I have been using it since more than 1 month...........Don't lose all your money in demo account...i think then they may block

it..... Post#314 Happy Dussera to all of you!!! Today i am going to publish my first major contribution to Traderji.com Uttam's Method of SELLING v1.0 Kamlesh Uttam Post#315

Uttam's Method of SELLING v1.0 Idea: Sell Strength in Weakness

Set Up: 1. If market is coming off making a LH-LL (Weakness) 2. Kiss to BRL ( Strength) 3. Time symmetry between LH, LL & Kiss to BRL Betting on: Market has to bounce back from BRL, for a while at least, to either make a HL/ LL. Entry:______ Kiss to BRL Stop Loss:___ LH Exit:________ Always with a Trailing Stop Loss Guidelines: 1. Time symmetry between LH, LL and BRL Kiss is important for the success of the Set-up. __(Ideally, equal time interval, range 0.5-2.0). 2. Stay cautious if the market is coming off Double/Triple Bottom, Number Support, etc. 3. Ensure that LL happens on a Closing basis. 4. Method excels in Bear markets, Ranging markets, Over-bought markets. 5. Lesser the angle of BRL with the horizontal, stronger it will act. __Better Reward/Risk ratio for the trade means more market participants would sell with you. 6. Regarding exit/profit booking please read post #261 too. 7. Beauty in this set-up is that you know your approximate entry Price & Time way back. __This reduces stress of tracking market's each candle. Finally, it's the practice and experience gained which would better you at it day by day. Best Wishes! Kamlesh Uttam Post#319 Quote:

Originally Posted by kuldipsoni sir i want detail about techenical indicator please sugges me any site or book

Hi Kuldip...Plz go through all the posts in the thread....Everything you need has been discussed already. Post#320 Quote:

Originally Posted by myamit Hello Uttam, (sorry I'm confused whether your first name is Uttam or Kamlesh) Great initiative!

More than results this method can generate, I like simple approach. Let me see if I can make an AFL based upon your methodology. Ill keep you updated.

Regards,

My first name is Kamlesh....surname is Uttam.....choice is at your convenience.... Plz tell me if you know....How can we add a new indicator in MT4 if we have the program file. Kamlesh Uttam Post#321 Quote:

Originally Posted by myamit Hello Kamlesh, Could you please provide more details about WW course? I've been told that we first are provided with study material. After this we are given 10 days fax tutorials by Bill Wolfe. Also do let me know how useful it would be if somebody is strictly trading Indian markets. Also could you please share your experience about Gartley & Butterfly patterns. These patterns look interesting as they are based on fib retracements. Thank you.

I think course is costly.....I would help all people who genuinely want to master WW....but i 'll do it