Copper Futures: Forecast and Trade Idea October 19th

As you know we entered a LONG trade on Copper Futures and generated a good profit.

COPPER Futures Trade Idea Sept 18th Update: Hits TP5 21.000 pips

As we have mentioned in our trade idea, the Copper Futures price has dropped towards 3.16500.

One of the main reasons for this decline was the Dollar Index. Copper is being priced 3.1741 currently and we believe this is a good level to add a small LONG position.If the price continues to drop, next level will be 3.13500 and we will add LONG position from this level as well.

Our Additional Trades :

TRADE: LONG

ENTRY:3.1741

TP1: 3.2100

TP2: 3.3200

STOP: 3.0800 ( SAME WITH PREVIOUS TRADES )

UPDATE: OCTOBER 24TH. TRADE HITS THE FIRST TARGET WITH 350 PIPS. WE MOVE STOP LOSS TO 3.13 AND CLOSE 40% OF THE POSITIONS.

AND

TRADE 2: LONG PENDING ORDER AT 3.31500 ( EXECUTED OCTOBER 19TH)

TP1: 3.20000

TP2: 3.32000

STOP: 3.0800 ( SAME WITH PREVIOUS TRADES )

UPDATE: Trade 2 Has Reached the first target. I close this trade with 650 pips profit. Keep the first trade open.

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Warning: All markets trade in different phases; bull and bear markets don’t start overnight. Markets build through three major phases and depending on the time frame you are trading, you will see different phases.

If you enter a trade by analysing the H4 chart frame, this is just a day trading, your stop loss and take profit levels must be set up accordingly.

WARNING ABOUT TRADE IDEAS

  1. We enter trades on different pairs and we look for other trade opportunities. So we recommend you to enter trades with the smaller size.
  2. Do not exceed 10% margin.
  3. Stop Loss and Take Profit Levels are +/- 15 pips minimum.
  4. If we do not publish an update close the 40% of your position on the TP1 level and move your stop loss to entry level.
  5. Some trades ( especially with 300-500 pips profit target) can take 5-6 days to hit the targets. If you do not have patience, do not enter the trade.
  6. Our aim is to close each with week 2500-3000 pips profit minimum.
  7. If we mention as “pullbacks are buying/selling “ opportunities and we publish pullback levels, you do not need to wait for a signal from us. Use these opportunities at the mentioned levels.
  8. All markets trade in different phases; bull and bear markets don’t start overnight. Markets build through three major phases and depending on the time frame you are trading, you will see different phases. If you enter a trade by analysing the H4 chart frame, this is just a day trading, your stop loss and take profit levels must be set up accordingly.
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