Dear GUNNER24 Traders,

 

The 1:3 Trade: Buy COPX ETF at 40.70

Our 1:3 trades are A) adjusted to a longer term, having a spacious stop-loss for the development not to be endangered and B) have to show a risk-reward ration of more than 1:3.

 

A second long-position!

The Global X Copper Miners ETF (COPX) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Copper Miners Total Return Index.

Within TOTD alert of January 13, I`ve analyzed COPX shares for the last time. Then we jumped the bull wagon at a 39.60$ Buy-Limit for the monthly uptarget of 45.35$ after a stronger GUNNER24 Long Signal was fired on monthly base:

 

At that time we recognized, among other things, the very bullish looking bottoming formation that emerged after the reached bull market highs of May 2021. A Rounded Bottom formed strong yearly support and this energy state should lead to the rapid and serious backtest of 46.96$ bull market highs. Then, forecast was that the monthly 45.35$ shortterm uptarget should be worked off until end of February 2022.

This projection could still work out, although the probability that the target will be finally worked off in course of March is now the most likely outcome.

The actual technical weekly chart shows how the yearly Rounded Bottom support continues to be wonderfully perfect:

 

The very last successful backtest of the yearly Rounded Bottom support from above set the current 2022 low. From there - due to the ongoing bullish energy -, the current daily and weekly uptrend cycle started. The at 2022 lows triggered uptrend made fresh year highs at last week top. A same strong bullish signal is last week close, what is highest weekly close in 2022 and what is highest week close since May 2021.

The weekly MACD and Slow Stokes STRONGLY support uptrend continuation until shortterm uptarget is met, at least. The Rounded Bottom could develop into a typical Cup of a longerlasting classic Cup with Handle bull market continuation formation, couldn`t it?!

Next below is the currently most valid daily GUNNER24 Up Setup. Setup starts at last successful test of the yearly Rounded Bottom support. It begins to measure to the upside at # 1 // 36.29 // so far 2022 Low and is a daily 4 Candle up:

 

There is some strong evidence that the setup may be used for prediction and signaling:

Classic backtest of Blue Arc support from above at blue arrow.

This same day shows a 100% accurate day high at natural resistance uptarget of lower line of 1st double arc what was finally overcome one day later after a massive bullish breakaway gap, by this activating the lower line of 2nd double arc as next important uptrend target.

Confirmation of future importance of the lower line of 2nd double arc uptarget at red resistance arrow and at the very same day.

In the meantime, the 2nd double arc environment morphed to a magnet the price is testing for some time now, but cannot yet overcome. This situation is likely to persist for a few more days.

OR: COPX shares are now working on a high and tight consolidation just shy below cycle highs resp. year highs and influenced by 2nd double arc magnet. This is a very bullish behaviour for much more higher within days. Also, this usually next bullish consolidation offers a relative risk-free long entry point here at current quotations:

==> 1:3-Trade Buy-Limit order at 40.70$! The Buy-Limit order is valid until next week Monday = February, 23!

The 3 dotted dark-green uptrend arrows roughly illustrate a plausible further course of the upward cycle regarding price and time til the upward-target-magnet of the 4th double arc has been met. Such course would be normal & typical, maybe ideal. The combined 45.35$ daily and monthly uptarget magnet could possibly be reached within the course of the next 4 to 5 weeks, hmm!?!

==> The shortterm uptarget of our possibly triggered second COPX long position is the MAJOR resistance upmagnet at 45.35$. Uptarget should be met during March 2022!

==> Please set the SL for such possibly triggered COPX-longs at 39.20$!

Risk = 1.50$. Potential reward = 4.65$. Risk-reward ratio 1.50/4.65 or 1:3.10

GUNNER24 Trade of the Day orders for 02/16/2022:

Market: Global X Copper Miners ETF (COPX)

Orders: Buy-Limit at 40.70. Stop-Loss (SL) at 39.20. Shortterm uptarget at 45.35. Buy-Limit order is valid until 02/23/2022.

 

Eduard

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I will merely analyze the market. There are so many instruments in the world outside our GUNNNER24 Traders use to trade, and hundreds of popular ones among them, often depending on a trader’s time horizons... I don’t consider me able to adjust the market recommendations to all the popular ETFs, different CFD or futures contracts. All I’ll analyze is pure market action - the index, stock or most current contract and forex!

 

The trade size you should use depends.

 

A) On your account size:

 

I usually follow the rule of thumb which says, never bet more than 1% of your account size for each trade. So I avoid overtrading...

Let’s say you have got a 30.000US$ account granting you a nominal buying power of 300.000US$ up to 500.000US$ and even more, depending on your broker and instrument. In that case your trade size shouldn’t be more than 3.000US$-5.000US$ taking into account your buying power.

 

Another - more conservative - method is taking into account the available margin. Usually, 30.000US$ account value equals 30.000US$ available for margin trading. So the trade size is 300US$ taking into account the margin.

 

Within Trade of the Day I ask you not to bet more than this 1% per any trade.

 

The other point to consider for determining the trade size is:

 

B) if your trading style is rather active, supposing you regularly have 30-50 open trades, just as I have - CFD/ETF, here some stocks, there a future contract. So I often trade risky somehow, but I split the money/bets. Even in such a nice trend as the stocks are showing currently, I never ever trade too risky. I never load the boat with 70% let 90% of my account size. 50% is the maximum.

 

I trade for my living and for my kids and wife as well. A regular income is important. The big-bang bet isn’t! The market would win such a big-bang bet for sure!! 

 

When I have a lot of open trades, maybe up to this 50% of my account size/available margin I avoid trading more. So if you are an active trader having a lot of trades running at rev limiter (50% account size) please avoid trading even though we/I give you some fresh recommendations, because this would rise YOUR risk!... During the test phase that happened frequently. We had 3-5 open trades sometimes and that’s why it’s elementary important that we/you have to use tight SL. Order management is absolutely crucial for Trade of the Day.

 

You’ll have to place really each and every order accordingly, you know. Forgetting only one time the SL would make this trade getting worse and worse…

 

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Based on the George Douglas Taylor Trading Technique that I’ve been studied and originally traded for years transferring it onto the modern markets by constant observation a five day pattern of the single days of the week has resulted.

 

The crux is not so much that the entire week has to work perfectly. Perhaps it does just at a 50% because the day patterns may shift by one or two days. In the strong upwards trends sometimes you see 4 buy days and only 1 sell day. It’s important to recognize that the day proceeds ideally-typically and to trade accordingly.

My personal trading style has always been the contrary to that of the crowds because the crowds always loose. Especially in gold and silver trading I like to buy the corrections Monday to Wednesday and on Friday if the day patterns correspond with some important GUNNER24 Signals.

I use to go short intraday just on Thursday when the week high is sold off AND provided that the corresponding GUNNER24 Setups signal so covering the shorts when the cycle is resumed.

The ideal five day pattern in an upwards trend – precious metals and US stock market – Do use those patterns for your intraday and swing activities!

 

 

Monday: Buy day. Strong up-day. Low established first. It often ends at the day high. Unthinkingly you may buy all the intraday corrections because the week high comes later in the course of the week.

Tuesday: Buy day. Weaker up-day. A higher high is produced. As early as now the crowds ponder whether the prices mightn’t run too high partially going short already. For me it’s the day when I can cover my Friday and Monday longs. In intraday I try to go long in case of corrections until the Comex opening.

Wednesday: Sell day. Actually the day for covering the longs and for the first short entry. It’s got some different forms. It closes at the same level as it had opened. Frequently at first the high is established because more and more traders short the market. Here the longs fight against the shorts. You recognize that if many teeth, many nicks, many spike candles are to be seen in the chart. On Wednesday I use to do nothing. Only at a 20 to 30% the shorter hearts are pleased because during the whole day there’s only sell-off.

Thursday: The classical sell short day. Because the Wednesdays often close as they had opened the market participants have to cover their shorts because in the beginning the market runs quickly upwards…! And frequently they turn their positions into the high direction being caught on the wrong trail again. Then the market often lays down a beautiful sell-off. In the evening mostly a strong rally follows. That’s where we cover the shorts.

Friday: Classical buy day in the upwards trend. It’s nothing for weak hands. Here’s where you buy the positions near the Thursday lows which you cover again next Tuesday/Wednesday. If you discover that the prices have steadied or even are rising a little bit by closing the five day cycle should continue in the following week.

 

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