Copper at an interesting position
The chart preparatory. I do no predictions. If the situation with CUUUSD unfolds I will assess it carefully to decide at that point whether I go long or short.
At the moment CUUUSD is weakening on the daily charts having reached a key inflexion point on the weekly time frame. This is not surprising.
Some traders want to know in advance whether price is going to go up or down. Trading is not that simple. I've learned from my own long experience that such thoughts/wishes are the enemy.
In the last year I've done more stalking of charts than trades. Yes - many of those that I've stalked, I would have missed. Not a problem. I now avoid FOMO. If I've missed, I've missed - next chart/instrument - as there are thousands.
When CUUUSD gets into my kill zone, I'll be even more attentive.
At the moment CUUUSD is weakening on the daily charts having reached a key inflexion point on the weekly time frame. This is not surprising.
Some traders want to know in advance whether price is going to go up or down. Trading is not that simple. I've learned from my own long experience that such thoughts/wishes are the enemy.
In the last year I've done more stalking of charts than trades. Yes - many of those that I've stalked, I would have missed. Not a problem. I now avoid FOMO. If I've missed, I've missed - next chart/instrument - as there are thousands.
When CUUUSD gets into my kill zone, I'll be even more attentive.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
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