remember my comments from before, always on a reversion to mean
bounce setup like that your main target is the 9 EMA, which has
already been tagged, one should take ample profits there. Obviously
could keep some with a stop on the reset. Next targets would be
16.5 and the 20 day MA. Since there was no base, the bounce
is prone to pullback some again. Remember the reversion to
mean setup achieved it's goal
nice bounce back today in Copper as expected
Posted by matt on 5th of Feb 2020 at 03:56 pm
CPER - Chart Link - again after being down 14 days in a row, not surprising, probably one of the easiest reversion to mean long trades in a while
CPER - Chart Link - 60 min view
Where would you place a
Posted by shecar on 5th of Feb 2020 at 05:46 pm
Where would you place a stop loss as well as where will you target to take profits?
remember my comments from before,
Posted by matt on 5th of Feb 2020 at 06:15 pm
remember my comments from before, always on a reversion to mean bounce setup like that your main target is the 9 EMA, which has already been tagged, one should take ample profits there. Obviously could keep some with a stop on the reset. Next targets would be 16.5 and the 20 day MA. Since there was no base, the bounce is prone to pullback some again. Remember the reversion to mean setup achieved it's goal
thank you.
Posted by shecar on 5th of Feb 2020 at 06:20 pm
thank you.