He is day trading, most trades are done within the same day. Not position trading like he previously said. That probably only happens when he gets a very strong one direction trend.
fair enough. HG is not particularly liquid at that time of day though so easy to get stopped at as he was a few minutes later.
I'll add that it is not practical to look for such a rare case as what will occur as a result will be a significant drop in your population of opportunities. You'd rather have a very common, very doable 1:1 with 70% winners which occur with far more frequency than the statistical outlier. It IS where the stats converge on this inverse relationship. [This is why I don't particularly like posting at ET. You get the ever-lovin' sheet nit-picked outta you. You'd have to be a super-egotistical dumba$$ to hold out for a piece of steak in a pig trough]
I'm not talking about singular trades. I'm talking about traders whole stats. There are definitely traders who can average better than 70% and 1:1. You stated no one can do it over the long run.
Analysis of the Month: Copper (HG) I have been ruminating over why I have not been able to position trade in the copper market. I have surmised that the copper market wants the supply-side resolved. In particular, the copper market wants the labor negotiations at the BHP Billiton-operated Escondida mine, the world’s largest copper mine, in Chile and the dispute between Freeport-McMoran Inc. and the Indonesian government over Grasberg, one of the top ten largest copper mines in the world, resolved. On the demand-side, although economic date from China, the world’s largest copper consumer, has weakened, recent consumption data showing that the Chinese demand for copper has aggrandized, albeit at a slow rate, lends support to the copper market. Until the supply-side is resolved, expect copper to trade in a descending triangle with the downward trend line from 3.3220 of 12/28/17 and 3.2720 of 2/16/18 defining the upward boundary and 2.9375 of 3/26/18 defining the lower boundary.