Copper’s falling wedge, 10-to-1 reward-to-risk potential

Potential setup in Copper, March 2018 contract. If it breaks $3.12, depending on the today's low, it can be a 10-to-1 reward-to-risk trade, if it hits $3.28, the next level of significant resistance.   Reward = $4,000/contract. The chart pattern is called a falling wedge and it is typically a bullish continuation pattern, following a strong … Continue reading Copper’s falling wedge, 10-to-1 reward-to-risk potential

Inside the ATR = gambling

EQUITY RUN UPDATE = $14,984  |  +49.86%  |   There are some who have developed good day-trading strategies that are successful.  For the rest of us, trading within a day's price range is the equivalent of gambling, guessing, hoping and finger-crossing. The ATR is the  average trading range which can be measured by averaging the … Continue reading Inside the ATR = gambling