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Platinum

Everyone is buying cryptos, while PL looks "precious"Pun intended. All I hear from the post office guy or my friend's aunt or whomever wants to talk about finance is, what's going on with these cryptos. There's decent coin to be made on the precious metals here. Let me quarterback this out. Initial Margin in PL: $1925 A 25 handle move = $50/handle x 25 = $1250 profit, less commissions. ROI = 65% For any investor/trader to make 65% on a crypto from here would mean. Now if I go on bitmex and trade a perpetual inverse swap, now we're talking! BTC from 7800 to 12,870 ETH from 330 to 544.50 I love trading all assets and don't have biases toward any particular one. Important factors remain the same: liquidity, volatility, slippage, flow and hours and feel for it watching the tape. One isn't better than the other. It's the one that suits your trading style, personality, risk tolerance, sleep-like-a-rock-ness, and obviously, profit potential. Point being trade it all, learn it all. Try it all. Then figure out which one you can get really really good at and focus on that.
NYMEX:PL1!Long
by kinetictrading
Long Opportunity - Platinum - WeeklyDo not trade based on my ideas. I am a novice and post this for interest's sake only. 1. Long descending triangle coming to an end. Enter long after a weekly break and close above the trendline. 2. Potential inverse Head and Shoulders down there as well - the left shoulder is VERY close to the head - not sure if this is valid. Also wait to enter long above break and close. I will probably wait for a break above both lines...with any luck the same week will do both for me :) Trade carefully everyone SH
TVC:PLATINUMLong
by CoinSparrow
Platinum Futures. Watching and Waiting to go LongPlatinum, along with gold and silver, have been in a decline for the past month (20 bars) with no reprieve in sight. We will be looking at previous S/R zone of 890-900 for entry points. Bottoming is usually a process and we never look to "pick the bottom". We've learned over the decades that that's a losing game with a negative ROI. We are merely examining which spots give us the highest probability and then use prudent risk/reward management to entry and exit trades with predefined stops and targets. Let's keep it simple.
NYMEX:PL1!Long
by kinetictrading
Silver, Gold and platinum part IIIAs we can see platinum is little bit too late to realize that his brother gold and silver already break channel, and still confortable at resistance area. This is great moment for seller to enter short with target at support channel and if this channel break down this week destination for silver at 939 as classic support and reistance level. So we get 3 analysis complete with only look at silver as main analysis Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level. or if there is any question about this analysis/need new update. Because im not monitoring this chart all time
TVC:PLATINUMShort
by AzrulAzir
6
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
Platinum @ 800As the price has tried to push upwards this year but has met resistance at fib levels and so forming a descending triangle pattern this year (or at least a descending channel, not drawn here). The price has been performing in a bearish KUMO area since march and I do believe that we wont be seeing any higher prices going much over 950-960 in near future (KUMO and FIB resistance), but rather a price closer to 800, especially if it breaks below 900 in a few weeks, breaking out down of the triangle pattern. Any thoughts?
TVC:PLATINUMShort
by SpaceCock