Gold Up Today; Copper Falls.........

We made money.

There are a number of technicalities that I wish to explain for today's BLOG. 

First, we went short copper last night.  Happily, Copper gradually fell and fell.  The final stop published by the BLOG last night was 407.85, which would have locked in over $500 per contract on copper.  However, intra-session copper fell even further, hence the much bigger profit shown below.  My computer runs 24 hours per day, 5 days per week, and continuously produces stops.  I got out of my own position at the lower value.  I hope someday to be able to link continuous order updates in such a way as to be useful, but not too voluminous.  I say this, because it is not uncommon for me to get over 500 updates per day.

Second,  our signal was to short cocoa, not go long.  If you did go long, you made money today.  If you didn't go long, you can go short at a better price in the next session.  "Food" for thought.

If you strictly followed the exact BLOG stops on Gold, you wouldn't have been stopped out.  However, as alluded to above, the system calculates stops continuously.  So, the gold stop moved up while I slept, took out the position with a profit.  A new signal re-validates gold for today.  If you simply followed the BLOG stops on gold, you would be happy, for you would still be in Gold at much higher prices.  The ETF is still long as well.  For completeness, I showed the BLOG entering and exiting, but you would have been better off just staying put.





Best of luck; see you tomorrow!



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