Thursday, April 26, 2007

Copper Futures Trade


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The line drawn at 3.53 is derived from the daily chart. First two trades seemed like a good setup at the time I took them, but once I remembered to refer to my notebook for the daily chart numbers, I realized that the setup was not that good.
Third trade was the best trade of the day - a breakdown of the number from the daily chart.
In the fourth trade, I did not have the courage to hold on longer - I kept thinking that the sellers would come back at any minute.
In the last trade, I was just mucking around, and thought the ascending triangle pattern was worth a shot. Note that the red volume bar was green at the time I took the trade.

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