Should I wait until the 8,800/ton LME copper price from last summer is retested before going short? Any opinions would be greatly appreciated? Also, what if copper breaks down technically from current levels? Do I wait for a bounce?
I observe profitable results when modeling long term trend following trading of copper futures. The following results are obtained using 40.16 years of historic price data: Number of trades 100 Total profit $ 4716995 Profit after subtracting $ 10.00 commission, slippage per transaction: $ 4714995 Heat is 1.00 per cent of equity. Greatest drawdown is 0.1336 (13.36 per cent). Cumulative Annual Growth Rate (CAGR) is 117.41 per cent. CAGR / Drawdown is 8.79 Information Ratio is 0.19 Initial capital is $ 100000 Margin 20 % Growth rate is about 117 % and greatest losing streak is about 13 %. You might consider longer term trading of copper futures and simple trend following methods. <img src=http://www.aeraweb.org/Images/photos/artifact_fish_hook_t.jpg \img> An ancient Egyptian copper fish hook.
Gonna go to the bank to buy a couple of bags of pennies? Loooks like upside today where is the roof? Nice pic is it for sale? Akuma