Copper for everyone

so why hasn't copper been my friend of late? confusing signals on the 4hr chart is making it hard to trade shorter term. so having thought about it, copper is slow decline and now i can see that.

copper is in a regressive channel down and i now reckon that the long term sweet spot for buying is around 3.95 to 3.80 ish. probably making a triple tap of some sort.

trade accordlingly.

"Are Gold Prices Losing their Luster? What is Copper Telling Traders?"
Was written long ago, Copper is a good indicator of the Precious Metal's (GLD) future direction, over 2 decades ago I first read about it, and have mentioned the fact. Believe in it or not, the equation holds up in the current cycle.
"Easing & Stimulus – Good for Metals
Across the world, governments are spending in order to prop up fallen economies which in some areas are exciting growth. And with vaccines around the corner, this may be the beginning of the end with regard to the pandemic which has prompted unexpected changes within metals markets.
Gold should theoretically rise in a world with low interest rates and high deficits. It may not be the leader, in fact when we look at some of the internal workings within the metals market as a whole we can see that there are certain shifts within asset classes that suggests that traders are expecting a more favorable growth environment.
One such asset is copper. Copper can be used as a proxy for growth and is extremely responsive to global economic activity as the metal is used in many industrial processes. In risk-off environments, copper tends to be the worst performing metal due to its growth sensitivity while in risk-on conditions; the opposite.
Copper can be coupled with gold resulting in the copper/gold ratio. The copper/gold ratio is simply the price of copper per pound divided by the price of gold per troy ounce and can provide some key insights into other markets as well."
Courtesy: https://ww%.dailyfx.com/forex/techni...g-traders.html

when you think copper is dead, it come back you and kick your sleepy ass. sigh.

3 taps are in and copper is rocking again.

just can't see how to get long just yet.

dollar retracement looks done. i'm long from 16.17 ish

copper has been on a rip since i posted this. i've been out and back numerous times (especially on thursday) but when it moved in friday afternoon, i didn't touch it.

today cummulative delta suggests it is being bought with both hands again, suggesting the move isn't done yet.

i reckon copper is heading to oval portion of the trendline.

as ever we'll see. my buy order is in at 4.3555

asian session will tell us more if my tp is going to be reached.

stopped out. could have predicted the retrace.

now looking to where i could get long again. still looks ok for doing so.

closed my eyes and went long @ 4.3655

still looking for 4.485

appears copper is waiting for dxy to soften and then it'll move north with pace imo.

as ever let's see.

could i? should i? dream?

why yes please do.

every dip is being bought imo. just waiting for the dollar now. is it done? me thinks.... yes.

normally on the third tap i'd be looking for exits but copper looks supportive (nice W structure, can you see it?) and i'm going to hold.

still looking for 4.516 min.

i'm going to take some profits in the bubble.

charts are delayed and i didn't post fast enough. price is @ target now.

completely missed the mark, thought price would drift until fomoc, instead just kept on rising.

channel target met.

hit important poc, so i should hope some sort of retrace should happen now.

taken a short on this, poc is the sl.

price move held overnight. have to rethink what is happening now.

sailed past my median term target. supper bullish. i might be waiting a while before i can get in.