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

North Korea: China’s decoy for its maritime operations.

[I'm adding a new line to all my post.  An update on my trading balance] Journeyman updated Equity Run: $12,020.99.   Many continue to scratch their heads at the North Korean problem and provide many plausible reasons for why it has gone on to develop a nuclear arsenal and insists on provoking a potential conflict … Continue reading North Korea: China’s decoy for its maritime operations.