Oluwawithin

Copper Long - Small Position

Long
OANDA:XCUUSD   CFDs on Copper (US$ / lb)
Been in this trade since 15th May.
Not been a great trade as struggled to go higher.
Risk is on 0.49% as it is, but even so, not much point giving more away as dont think I want to hold onto trades for too long, if they are not going anywhere or I don't have a strong fundamental bias.
Trade active: I closed half of this position @ 4.49822 of 15 for loss of 0.25%.
Will hold longer but ideally wait for min. 0.25% profit to close out remaining.
Only if the market wants to give it to me.

SL is now at 4.38002, representing a 0.22% risk.
Comment: Big drop in copper and silver due to USD strength.
Strong ADP Payroll and ISM PMIs ahead of tomorrows NFP.
Was stopped out of Silver.
Very very likely to be stopped out of this one, for a loss of 0.22%.

Comment: Was meant to be a long term trade as original SL was 4.18.
Was struggling to get higher throughout the trade, a few times considered getting out when it was in minor profit, but after taking half off @ 4.49822 of 15 for loss of 0.25%, was in HOPE mode to make the 0.25% back.
Trade active: Still in this trade. SL was nearly reached but not hit after less than amazing, but still good NFP.

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