Member Info for Roydon1

@ 544

Was in at 513

Not bad profit

Will wait till it go down a bit, then will jump in back again

Letting the other tranch run, just in cas it goes up more.

https://www.investing.com/news/stock-market-news/miners-drive-european-stocks-up-on-trade-war-hopes-renault-falls-1692956

The SP is doing well

On the daily Chart, the SP crossed upward the 50MA

Another important crossing is coming up if the 50MA cross the 200MA upward .

IMHO, I think this will happen in the next few days in anticipation of the meeting between the US and China at the G20, and I think the SP will reach 600 by then.

After that, it depends very much on the outcome of that meeting

If all is good, then I can see 700 before Christmass

Come on Kaza

GLA

What I find really Hilarious is what other fellow posters say about your posts

Have a look yourself LOL

Hi Causal,

The SP at the moment is just at the 50MA on the daily chart, so Monday could be a very important pivot point where the SP can cross the 50MA and carry on upward, or bounce down as it did on 23/9

But I can see the resistance at 550, dont you think so ?
If you look at the daily chart for the last 6 months, you will see that it bounced of the 550 few times.

Hopefully it will cross it this time , because it will be above the all important 50MA.

GLA next week

Thanks for the info,

I will have a look.

Hi Ronin,
Thanks for your post, I will do some research on brokers to see who offer good deals.

Cheers and GL next week.

Thank for the explaining posts, you sound very experience.

May I ask you if you recommend a good broker ?

My current broker (online) seems to charge a higher (bigger spread) price than the market price when I am buying or a much cheaper when I am selling, I don't like it, because it is eating to my profit all the time.

I am also looking for a Broker who can give you a good trading platform, and these things you cant find out untill you open an account and try it, then it is a bit late, so someone with a good experience would be very helpful.

Cheers

Volkswagen to spend $50 billion on electric car 'offensive'

I think this would help in adding confidence to Copper market

http://www.mining.com/volkswagen-spend-50-billion-electric-car-offensive/

Thank you Gentlemen for your answers, may I add what I think happens too.

I think the MM also would buy shares from sellers, and keep them until they find a buyer, or until they find a buyer who pay a better price.

Would that explain the UT (Uncrossed) Transactions at happen every day after the Market close ?

Maybe this is another question to answer.

Good post Ronin, and @hash
I fully agree, I think copper been held back for too long because of the trade war and if good news comes out of Trump meeting with Chi at the G 20 then it will jump big time.
Gla

Hi George,

Well done, a win is a win ! even if it is a Fiver :)

But you still made a good profit, because you were in at 500, so that is a nice one.

I am in with this tranch at 513, and almost sold at the same time you sold for 532, but then I thought maybe I give it another day cosidering that the SP just crossed the 50MA, so hopefuly Monday will go up in the morning.

Thanks, and you too have great weekend, and Good luck next week.

Did you make any thing when you sold at 533 and bought back at 527 ?

If I post things that every one know, If anyone is bored with my posts, then please say so, and I will keep quite.

At the moment on the 15 minute chart, the 50MA is just about to cross the 200MA upward, hence the escalated rise !!

GLA

Why there was that Massive 1.16 M Buy Trade !!

The Answer :

It is right spot on the pivot point that makes the bottom for the Up Trend Swing

Whoever bought there , will make a good 10% profit swing.

Smart !!

On the 15 minute Chart

The SP crossed the 50MA and 200MA

Lets see if the 50MA will cross the 200MA upward

If it does, then there will be more rise

GLA

Copper will Shine

https://www.investing.com/news/forex-news/morgan-stanley-says-dollar-bull-run-has-ended-time-to-sell-1691082

Lets see if it can make it this time and establish an Upward Trend

Fingers Crossed

GLA

Futures up 2.5%
Spot Price Up 1.44

Might breakout !

If it does, then we are in the Money :)

Fingers cross and Good Luck

Thanks Capra for the chart,

I think the problem now is that the SP is driven by day traders, not long term investors !

The moment they make 2% - 3% profit , they will sell or short, so it is just going up and down in a band with a general downtrend .

They really don't care about anything else as long as they cash in 2% to 5% everyday.

This scenario will only change when medium to long term investors start to see a target, and start to put money in.

But at the moment, it is just a Football for day traders to play with.