honestly copper looks great, big week of MRN up ahead, from a HTF POV looks like theyre starting to put pressure on monthly breakout traders. were currently in level 2 ofcurrent year's expansion. lets see how the week setups up. if i were you, id save your bullets for friday.
from my experience, the days leading up to NFP are greedy days for insitutional money, if you get in great, but youre not meant to get in in the days leading up to it.
if you struggle trading on NFP weeks, wait til friday. and AFTER NEWS!! the markets arent going anywhere, stop thinking youre gonna miss out.
im guessing we will GAP DOWN below 4.50-4.45. and start trapping volume low.( if we want to continue this bullish momentum that came to a halt mid month ) , might even make it to 3.950-3.710 on the contrary.. which is why ill probably wait til the week unfolds.
theres 3 days of breakout traders short from wednesday. theres also reason to believe they could come back to shake anyone out that had the direction right.
my bias overall is long, just gotta find a setup to confirm my thesis
Stay Sturdy traders!!
thats the thing though. speculation isnt profitable.
actually seeing how the market opens/closes, reacts, (timings , levels, behavior of price) seeing YOUR setup that makes YOU money, sitting on your hands, adding to winners, cutting losers short. just be patient.
youll get a more in depth thesis as the week plays out. if youre not sure DONT TRADE IT
"you cant make a baby in a month by getting 9 women pregnant in a day."
from my experience, the days leading up to NFP are greedy days for insitutional money, if you get in great, but youre not meant to get in in the days leading up to it.
if you struggle trading on NFP weeks, wait til friday. and AFTER NEWS!! the markets arent going anywhere, stop thinking youre gonna miss out.
im guessing we will GAP DOWN below 4.50-4.45. and start trapping volume low.( if we want to continue this bullish momentum that came to a halt mid month ) , might even make it to 3.950-3.710 on the contrary.. which is why ill probably wait til the week unfolds.
theres 3 days of breakout traders short from wednesday. theres also reason to believe they could come back to shake anyone out that had the direction right.
my bias overall is long, just gotta find a setup to confirm my thesis
Stay Sturdy traders!!
thats the thing though. speculation isnt profitable.
actually seeing how the market opens/closes, reacts, (timings , levels, behavior of price) seeing YOUR setup that makes YOU money, sitting on your hands, adding to winners, cutting losers short. just be patient.
youll get a more in depth thesis as the week plays out. if youre not sure DONT TRADE IT
"you cant make a baby in a month by getting 9 women pregnant in a day."
Note
honestly copper looks great still for a buy into PWH
Ferg
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.