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Palladium

Metals, upWhilst looking up at my trades -- and the technical outlooks -- of the market beforehand the NFP, several of them suggested a further decline on the Dollar. Meaning, bad NFP number; an increase on the annual wage growth would then be the only data that could save data. But no... NFP sealed the fate of Dollar. Beforehand the actual release of the data, I entered an order for this metal. I was not able to update my trade analysis as it was not on schedule and this is my first time trading other metals aside from gold and silver. I am now broadening my market.
FX_IDC:XPDUSDLong
by bearvsbullmarket
Palladium Ideal Entry (November)Entry plan is based on the palladium head and shoulder pattern . I'm waiting and watching for price action to signal a top near the dashed line (drawn from left shoulder's high). Ideally we get some deceleration with a doji candle followed by a high test candle to form the right shoulder and signal a reversal to the downside. The bull cycle counts are pointing towards Q4 as a ideal time for a high and the monthly counts confirm that with their November target. Ideally I'd be able to hop in around $800-$850 if/when that confirmation comes with my stop above the high we form. The market still has quite a bit of chart to fill over the next 5~ months so things wont become clear until we get closer to that November target. Reward:risk ratio target would be around 10-12:1 for the first entry. I'll publish a more detailed plan as well as my entry if/when that time comes. For more in depth analysis on this trade and others checkout my site, PatsTrades. Link is in my profile status box. Thanks!
NYMEX:PA1!Short
by patrick186
Still Long on Palladium, some decent movement today Looks like a pretty good confirmation on Palladium it went up and bounced off the 805 level again, that seems to be a pretty tough barrier to cross. However, it went up and came back down to rest still above the 9 day MA and I am still bullish on Palladium unless it decides to break and close under the 760 level. The RSI is above 50 and though pointed down looks like she'll bounce again. Stochastic has movement up, and the MACD - well, I'd like to see more angle upwards on it, hopefully we will see that next week.
TVC:PALLADIUMLong
by ChrisAbdey