Hi, I came across your thread in traderji and came to know about this blog..
I have one question, How do you trade commodities when international prices are say in uptrend making UH and UH while the currency is making LH and LL.
The MCX prices are not showing exact Support and resistance levels because of the currency fluctuations, so not 100% suitable for trading. On the other hand if we trade international prices, the international prices could still with be within our levels, while MCX prices would have gone with the currency fluctuations to say 3% down while our SL was 1% down.
what do you practise , I didnt find this in ur thread in traderji. awaiting your response
You have got a very good question, we are going to do an eye-opener in the TJ thread why TV channels/brokerages are wrong in giving/planning trades at MCX in Rupee terms.
Though i have a lesson exclusively for my mentees on Currency Volatility Hedging but i will reply you suitably.
Please post this question at uttamsmethodofselling@gmail.com.
2 comments:
Hi, I came across your thread in traderji and came to know about this blog..
I have one question, How do you trade commodities when international prices are say in uptrend making UH and UH while the currency is making LH and LL.
The MCX prices are not showing exact Support and resistance levels because of the currency fluctuations, so not 100% suitable for trading. On the other hand if we trade international prices, the international prices could still with be within our levels, while MCX prices would have gone with the currency fluctuations to say 3% down while our SL was 1% down.
what do you practise , I didnt find this in ur thread in traderji. awaiting your response
Dear Ravi,
You have got a very good question, we are going to do an eye-opener in the TJ thread why TV channels/brokerages are wrong in giving/planning trades at MCX in Rupee terms.
Though i have a lesson exclusively for my mentees on Currency Volatility Hedging but i will reply you suitably.
Please post this question at uttamsmethodofselling@gmail.com.
Kamlesh Uttam
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