your trading style should fit your personal lifestyle... if you have a 9 to 5 and a family you probably shouldn't day trade and find a longer term more suitable strategy. There's many ways to get exposure in the market.
Fear and Greed! But mostly fear...In any market even in life.... Fear of taking losses and fear of taking profits. Fear of taking losses because most people are afraid to take that initial small loss which usually turns into a much bigger loss. Been there, done that... Fear of taking profits...
Higher Copper prices ahead ?
Copper on the daily time frame is breaking out of an inverse head and shoulders pattern off of support 2.49 thru resistance 2.74 with strength and a little momentum. Target price 2.96 Downside exit below the 200 day avg
Crude oil. A strong bounce off of several levels of support (horizontal, trendline, MA) with good volume and momentum. Upside near term target $60 stop loss below 54
I was looking at XAUUSD also looking bearish on a daily frame. I see support at around 1480 and lesser at 1460 which it's already broke thru. The candles are in heiken-ashi. My target at around 1430
I really like the category of Commodities, Stocks, and Indices but I couldn't find too many threads to stick my 2 cents worth so, I started this for anyone and everyone who also may want to stick their 2 cents worth in. I'll start with a stock TWTR. Twitter is not having a good day today...
I'm currently demoing it with my broker, it's free to clients so I'm thinking maybe other brokers offer this too. It is a pretty cool interface for MT5 and the added features. I'm liking my platform a whole much more now.
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