Now Live : MCX Commodity Trading from TradingView.com with Dhan Dear TradingView community,
We love building for our users, investors & traders. One of the asks from early users of Dhan was about charting - we took that as a challenge and have continuously improved and built for our super traders.
Starting first with launching a dedicated Trade from Charts console with TradingView ( tv.dhan.co ) and then going further and introducing TradingView Connect with Broker where you can place orders directly from TradingView.com just by choosing Dhan as a broker on the Trading Panel. With that enabled for the first time in India, we now have more than 1,00,000 using Dhan to place orders on TradingView.com.
We enabled you to trade in Equities and Equity Futures via Dhan on TradingView. As always, our commitment to delivering incredible trading experience for India’s Super Traders remains unwavering.
Now to take Dhan’s TradingView experience even further we are introducing Commodity Futures trading directly on TradingView.com.
Best part? You can use all your favorite premium TradingView features to trade commodities with👇
Pine Editor
Community Script
Bar Replay
Multiple indicators
Multi Chart Layout
If you haven’t connected your Dhan account to TradingView yet, this is how you can do it:
Login to TradingView
Choose Dhan on the TradingView Panel
Place trade seamlessly
With this introduction, we are committed to providing you with a comprehensive trading experience right at your fingertips. Note that, Commodity Futures trading is made available across all TradingView platforms, which includes Web and Apps of TradingView.
Let us know your views on this and stay tuned for more updates.
Note: Access to premium features depends on the type of your TradingView subscription.
Happy Trading!
Naman
Natural Gas Mini Futures
NATGASMINI1! trade ideas
Natural Gas- Live How to play Gaps
Gaps play a role of very heavy support or resistance. Please check the gap marked on the chart.
How they Act:
1. If they are naked i.e. no candle has been formed you in front of them. They are very strong.
2. If gaps have been filled up, means candles have been formed in front of them, then more the candles formed in front of them, weaker they become.
Now let us understand with example: Say price last day was 200 and next day it opens at 205 leaving the gap unfilled price progresses further up leaving the gap unaddressed. Usually it happen when there is strong momentum specifically when it is the third wave price usually leaves the gaps.
Now, there could be some person waiting to buy at the last days price but price has gone up without giving them the opportunity to buy. So, they may wait for price to come back to that level and buy. That is why it works as a strong support. Reverse is also true in the case of downward movement.
Smart traders earn a lot of money due to these gaps. Please check and mark the gaps as the first thing while analyzing a chart. They give money more that any thing else. Now check this gap live on the chart of Natural Gas.
Thank you.
possible flag breakout in natural gas Pretty simple chart which shows the flag pattern being formed in the natural gas. It is just breaking out. Looks like there is a lot more to come in this commodity. This is also after forming an inclined head and shoulder reversal on the hourly timeframe. Makes it a high probability setup to trade.
[MCX] Natural Gas Swing BetNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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NATURALGASHi, in this chart i drew a good Deamand and Supply level for Short and Long Positions in NATURALGAS...please Observe this levels and Analysis your own... Don't Take any orders Based on this Chart because this is just Observation purpose only.
I Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM ZONES" ... Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q