11 March 2014

Copper : Finally ...

  • Much excitement in the Copper market right now. Looks like neckline of massive 6 year SHS top is finally being put to the test.
  • If one believes in Dr Copper, then a serious examination of the message from this chart is called for (eg implications for health of equity and bond markets, do I really want to be short bonds?, etc).
  • Short Copper is by far the biggest risk I am running now. Overwhelms everything else so perhaps I should just square up the others and focus on managing this one big pot of a single ingredient.

13 comments:

Taichiseal said...

Round 3 trades :=

-3X @ 303.80
-1x @ 299.50

+2X @ 291.75

Left with balance 2x, trailing stop not too far away from current 291.55

Taichiseal said...

-1X @ 295.50

Net : Short 3X

Taichiseal said...

+297.25 (3X)

All square for now.

Taichiseal said...

NEW : -295.90

Forget what's been locked in. Start afresh. New stop levels too.

Taichiseal said...

-293.35

Taichiseal said...

Taken profit on 1/3 at +288.80

Taichiseal said...

-293 (1X)

Taichiseal said...

+292.00 (2X)

Balance short 2X

Taichiseal said...

-297.40 (1X)

Taichiseal said...

-294.90 (1X)

NET position now : -2X

Taichiseal said...

-296.30

Taichiseal said...

Outstanding short position stopped out at +300.05

Taichiseal said...

Start again ... new round ...

-HGK4 @ 304.10