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Today MCX had made a breakout of the resistance zone and turned to buy mode on the 90 min charts with supports coming around 27595.
Rajandran R Follow
Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)
MCX Gold 90 min chart update for 17 Jan 2012 Trading
5 sec read
Good help for new traders
sir help me to trade in nse/mcx i am new to this marcket
1. FOLLOW YOUR OWN ANALYSIS DO NOT LISTEN OR ALLOW ANY ONE TO DISTURB WHILE YOU TRADE
2. DO NOT TRADE WITHOUT (SL) & TARGET
3. TRADE ALWAYS WITH LESS THAN 50 % OF YOUR TOTAL DEPOSITED AMOUNT. THIS AMOUNT WILL KEEP YOU ALIVE IN THIS TRADING MARKET OR ELSE YOU WILL END UP WITH MULTIPLE LOSSES
Hi Sir if i sell from 30050 today target is come around 29970 or i will exit or hold the position….
Hi Sir i am waiting foryour reply
I normally dont advice on others position