But what about copper ?

Quote from oldtime:

You aint gonna make any money just talking about it.
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Of course, but you are saying I cannot or should not post my thoughts about it ?
Since copper is not moving right now, a better bet might be with options. 50-50 chance on that one. This is either reversing to 3.50+ soon or breaking out on the down-side.
 
Quote from syswizard:

Of course, but you are saying I cannot or should not post my thoughts about it ?
Since copper is not moving right now, a better bet might be with options. 50-50 chance on that one. This is either reversing to 3.50+ soon or breaking out on the down-side.
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nah, nobody is a bigger believer in talking instead trading than I am. I have never lost a single penny talking.

But every now and then I have bills to pay, and they don't take into consideration how much talking I have been doing.

If they did, I would be one of the richest men alive.

I like talking. In many cases it can save you a lot of money.

But yes, in the politest way I know how, it is time to put up or shut up. You are drifting dangerously to the analyst side. Next will be you start using the word "if" in all your posts.
 
Quote from FrankSlaughtery:

for the past week HG has been in a 0.10 range - the trade is to either long above 3.50 or short below 3.40.
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Thanks for that Frank. You are aware of course that "stops" won't save you here from a wrong decision.
As a result of this tight range, when this sucker breaks out, it's going to be like a 10 or 20 cent move. 10 contracts and you are down 25k to 50k overnight...if you choose "wrong".
Choose "wisely" and it's time to partay.
Just a warning.
 
Quote from syswizard:

Thanks for that Frank. You are aware of course that "stops" won't save you here from a wrong decision.
As a result of this tight range, when this sucker breaks out, it's going to be like a 10 or 20 cent move. 10 contracts and you are down 25k to 50k overnight...if you choose "wrong".
Choose "wisely" and it's time to partay.
Just a warning.
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options in that case.....?
 
Quote from cdcaveman:

options in that case.....?
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Exactly. Range bound conditions usually correlate with low volatility. This makes long options attractive...especially for the other conditions we mentioned.
 
Quote from syswizard:

Exactly. Range bound conditions usually correlate with low volatility. This makes long options attractive...especially for the other conditions we mentioned.
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i'll check out strangle pricing..
 
Relief rally in effect with December up 5 cents this morning.
Short covering likely to kick-up if this goes north of 3.55

Actually, I think this could be setting up an opportunity to go short.
 
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