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Coppersetup

Copper Long SetupCopper Long Setup Entry: $3.4989 TP & RR: $3.6094 (3.47) Stop Loss: $3.4671 REASONS FOR THE TRADE Opening a long order at a support level. As simple as that. The Stop Loss is set below the previous low and the Take Profit is at the lower trendline from the triangle that we broke down from. The market Flow indicator is printing a divergence on the 4h chart, so I believe the price should start trending up. I will be quick to trial the stop loss if the price indeed goes up. This is one of those trades that can go wrong very quickly and I don't want to give up profits.
FX:COPPER
by Quant_
COPPER - Approaching our first Take Profit LevelI like to set at least 4 take profit levels). Trading becomes really difficult unless you can have the power of patience and the power of taking profits gradually. This way: - you don't close in profit too early (oh fuck, i mad 200$ but if i had kept i could had made 2,000$) - you do take profits along the way ensuring you make something (best trading habit) - you can change the stop loss at entry (zero risk, you can also calculate the spreads and swaps and do it perfectly) - if the market reverses against you after at least 1 of the 4 take profit levels has been checked you are guaranteed some profit. Which is still a winner - you manage to finally create those long-lasting good trades that you opened 2 months ago but they still making you money Patience is key, Planning is essential, Taking Profit gradually is the Winning Recipe. ps. there is another element here. To correct your trades early and follow what the chart says. I had to change from sell to buy and I did that efficiently, which makes me happy.
COMEX:HG1!Long
by FX_Professor
$5: Copper Aiming for New ATH One of the best looking and yet under-rated commodities chart has to be of COPPER. I know Gold and Silver bugs don't usually get strayed with non-precious metals but technicals are surely juicy if you are able to take a multi year position. My guess is it will be early 2023 when we break through the new ATH. Notice the divergence of price and OBV + a successful 'price action' breakout in the last 3 months. Wait for another 3 months to absolutely confirm the pattern and then off you go. Even the last two volume candles are strong (>=MA) which shows consolidation under place.
COMEX:HG1!Long
by BitcoinWiser
2
Copper = Industry (also a hedging opportunity)There is a direct correlation between the S&P 500 and copper performance and they generally move in the same direction. Copper is much more closely aligned with global growth and demand, so if the global economy is expanding then demand for copper should increase. In other words, if the stock markets correct or crash the price should drop (now at resistance) If the stock markets rise more, then very simply Copper will follow. Hedging idea : 60% Platinum buy (over it's resistance), 40% copper sell (under it's support). Compound the winner gradually and follow the indices movement. ps. the indices are most likely correcting, not crashing at this stage
COMEX:HG1!
by FX_Professor
#Copper - Higher High - Position yourself long term #XCUUSDToday, August 19, 2020, the 2019 April high within wave 1 of wave III was taken out of the market. Whoever wants to earn real money in the next few years, as with gold and silver stocks, can now also position himself with copper or its producers. I introduced a few in the last YT video. In my opinion, price setbacks should be used for strategic entry or position building. Greetings to yesterday's participants from Hayek-Club Hannover Stefan Bode
OANDA:XCUUSDLong
by StefanBode
3