Friday 5 January 2018
Stopped out at price, 3.2345
4 Jan – Buy 3.2795
5 Jan – Sell 2.2345
Loss = 450 tics, $1,125 plus $15 commission per contract.
We are bullish copper, and it has been quite strong, of late.
The use of a strong volume rally is less effective at higher
levels. At the time of the recommended long, the correction
had been weak. This morning, it gained momentum. There
will be another opportunity.