So the good news, for the last 2 years i've made great money with my general perception and hypothesis.... Bad News... My entries have been terrible so on several occasions, I'm early. Ride a torturous move the wrong way, but with patience and tactical averaging get my profit eventually (2-4 weeks).... But if i could just tighten up those entries to more optimal timing, my profits would easily be 3x-5x what i've achieved. That is what I'm working on for rest of year.
For Copper, I believe in my downtrend channel. I am NOT an uber-Bear and don't see a return to $2 copper... but i'm comfortable with this chart and have initiated a Small Short... Might get another May1st spike over Channel which i would SHORT more at... My exit is 2.45ish.... OR a confirmed and sustained break of my channel...
I'm short the HGU17 Sept. Contract @ $2.6 so i have plenty of room if this does drift against me in very short-term.
Good Trading All!
For Copper, I believe in my downtrend channel. I am NOT an uber-Bear and don't see a return to $2 copper... but i'm comfortable with this chart and have initiated a Small Short... Might get another May1st spike over Channel which i would SHORT more at... My exit is 2.45ish.... OR a confirmed and sustained break of my channel...
I'm short the HGU17 Sept. Contract @ $2.6 so i have plenty of room if this does drift against me in very short-term.
Good Trading All!
Dagangan aktif
So the day after my short, there was an intra-day spike down that hit the 20day Moving Avg (BB Baseline). To run to that support so quickly, i closed my short for a nice profit. I've re-engaged a smaller short position per my original thesis.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.