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Every time this thing gets above 1.3850 or so, back down it goes. It's like the game "whack-a-mole". It keeps getting whacked down on every jump up. Ominous for the bulls I would say.

Yeah, but remember all of the shadowy things happening in China......there's no transparency. My guess is that they'll pump-up their economy once more with lax lending standards. This is such a crapshoot now down at this low $3.00 level..... I like Handle's idea of selling option premium...

I don't quite "get it".. All metals are down huge this morning......what's the rationale ?

All metals down huge this morning. What's the news ? I could not find anything.:( May Copper down 6 cents.

Weak China Trade Data Indeed....copper still holding above the super-strong $3.00 level. May contract at $3.03 today despite this bad news.

Exactly. And the post about not spending on women is like the trader who never pulls the trigger on a trade. He looks and looks at all of the charts, but can never make a commitment. If you don't spend any money, you'll never get anywhere.

Old Tom himself will help you out here.... Probability Lab

Marty Pring steps forward with some insight and analysis. I like his point about sentiment. Sentiment levels are so low right now, it's hard to be super-bearish. We need a good bounce before a short looks good here. http://www.marketwatch.com/story/should-it-be-dr-copper-or-pinocchio-2014-04-03...

Poof....goes the short-term rally. Copper can't move up with equities tanking. It needs a "crutch" from equities....or the Fed !!!

Talks by the Chinese government about further stimulus to their economy has given copper a short-term boost here. May contract up to $3.05 this morning. (I was expecting this to happen.....copper didn't stay under $3 very long, did it ?)

copper-seen-stuck-at-3-by-chinas-stimulus-dilemma Copper up 4 cents this morning. Check out the above article. The big move down is likely over, but any mini-rallies should be seen as good short-term trades on the short side.

dr-copper-is-waving-a-red-flag Indeed...it's all about China and their Shadow Banking, Shadow Lending, Shadow Inventories. There's no transparency....at all. China is one big shadow.....and copper is now reflecting that fact.

5 cent rally this morning. LME stocks at 263,675 tons, pretty much unchanged from yesterday. Reason for the rally ? Certainly not this news: http://www.amm.com/Article/3322715/Nonferrous/Global-copper-market-logs-34000T-surplus-in-Dec-ICSG.html

LME Stock levels moving up to 265,700 tons. That should keep a lid on prices. Asian equity markets all up nicely. As a result of this "mixed bag", CME Futures are sideways this morning.

Well that mini-rally lasted about a nanosecond. Copper now down 4-5 cents for all contracts.

Huge reversal today - Copper now up 3 cents. Reason: Jinchuan furnace outage will cut copper, nickel output for 3-4 months Mar 19, 2014 - 09:31 GMT Jinchuan’s declaration of force majeure is likely to see the smelter reduce copper output by 100,000 tonnes and nickel output by 30,000...

Copper down 3 cents this morning. A good reason may be the increase in the stock level at the LME. It soared to 271,750 tons....a big jump from the last 2 days.

The red metal up a penny this morning (May contract). LME stock levels may be finally leveling off. 253,375 tons was the report today.

Yes, if you can configure it with parameters to change the average time-in-trade, that would allow you to tune it to trade for larger profits so as to avoid the "death by commissions" effect. I created an S&P system once that had a straight-up equity curve.....until I applied commissions...then...

I am sure that is true. However, the high frequency traders have been quite successful with the opposite approach: risking very little, and staying in the market for seconds. Of course, they place 1000+ trades per day. Big difference in styles.