XPDUSD1! trade ideas
Palladium at confluence resistance areaA bearish close will probably trigger the momo divergence $PA_F, $XPDUSD
The Problem with the Djinn Predictive IndicatorsAfter discovery (In Long Beach, CA, Downtown, on Ocean, Public Library, I am pretty sure I was high at the time, I could have even been high off nothing but exercise . . . I can't remember. What I do remember is that is when I saw the equation to the future.
What I didn't know then, that I know now, is that time is written in soft stone! But human free will also exist. When the Djinn predicts a swing date that date is written in soft stone. Human Will is what moves the bar off of the predicted swing date.
These adjustments to the soft stone future date accumulate and have to be discharged before time "resets". I know this sounds crazy as hell! That is why I have, and will, post so many simple to understand charts from all asset classes.
The FUTURE belongs to the Djinn . . .
Palladium swing highBased on fundamental analysis more than AT. We should go higher next couple months. I'll try to catch this trend
The FUTURE High / Low price swing dates for PA1!These are the FUTURE dates for PA1! with the highest probability for experiencing a price
swing high or low. Apply your own indicator(s) to determine the price swing direction.
Palladium negative divergenceSeeing a large negative divergence on RSI for Palladium. Would look for a pull back soon. #Palladium
Palladium Future SEP18 (1d)Trading Signal
Short Position (EP) : 938
Stop Loss (SL) : 945.8
Take Profit (TP) : 900.6, 0
Description
GC formed Double Repo Failure Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (938) and place stop after 0.618 level (945.8). Once the position was hit, place take profit before an agreement (900.6)
Money Management
Money in portfolio : $133,000
Risk Management (1%) : $1,330
Position Sizing
$0.1 = +-$10 (Standard)
Commission fee = -$2.37/contract (Standard)
EP to SL = $7.8 = -$780/contract (STD)
Contract size to open = 2 standard contracts
EP to TP = $37.4 = +$3,740 (STD)
Expected Result
Commission Fee = -$9.48
Loss = -$1,560
Gain = +$7,480
Risk/Reward Ratio = 4.77
Palladium Futures SEP 2018 (1d)Trading Signal
Long Position (EP) : 945.8
Stop Loss (SL) : 938
Take Profit (TP) : 965.5, 988.2
Description
PA formed Double Repo Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (945.8) and place stop after 0.618 level (938). Once the position was hit, place take profit before an agreement (965.5) and 988.2
Money Management
Money in portfolio : $133,000
Risk Management (1%) : $1,330
Position Sizing
$0.1 = +-$10 (Standard)
Commission fee = -$2.37/contract (Standard)
EP to SL = $7.8 = -$780/contract (STD)
Contract size to open = 2 standard contracts
EP to TP#1 = $19.7 = +$1,970 (STD)
EP to TP#2 = $42.4 = +$4,240 (STD)
Expected Result
Commission Fee = -$9.48
Loss = -$1,560
Gain#1 = +$1,970
Gain#2 = +$4,240
Total Gain = +$6,210
Risk/Reward Ratio = 3.96
Buy during the soaking let it rideLong here while MM are accumulating and forcing the long who bought bad positions out. This should rise. If it closes below zone get out or switch sides. Minimal risk tons of potential.
Slightly updated chart on /PASame like the chart I posted before I would have put the projection of lowered prices in /PA the next couple of months
Resistance holding so far at the 0.50% fib level.
The cycle low violation and the newly formed expected negatively configured cycle (and possible L-H translation) indicates that we will see a lower low than 890's in the coming future .
Bearish all the way into July/August in /PA/PA is in a bad shape at this point.
We had VTL Break , cycle low violation making lower lows and all it has achieved so far in this rally phase is rally sending it backs to the 38.2-50% fibs resistance levels.
We are creating a left-hand translation in this cycle , and it all projects to lower lows into July/August period.
It could potentially be forming a right shoulder of a H&S reversal pattern the next few weeks .
I don't like it at all.
Palladium FUTURES - D1 LONGClear uptrend channel has formed, indicators support upward movement.
Currently monitoring
December PalladiumDec Palladium creating a bearish flag. Possible pattern bullish Gartley. Downside target S1 at 880.80. Palladium is also under the 20 day moving average and now using it as resistance. Until a break and hold back across the 20 day, this is bearish. Overall this market continues to trend up.
Palladium with breakoutThe picture in the palladium is bullish.
Applications:
The largest use of palladium today is in catalytic converters. Palladium is also used in jewelry, dentistry, watch making, blood sugar test strips, aircraft spark plugs, surgical instruments, and electrical contacts. Palladium is also used to make professional transverse (concert or classical) flutes. As a commodity, palladium bullion has ISO currency codes of XPD and 964. Palladium is one of only four metals to have such codes, the others being gold, silver and platinum. Because it absorbs hydrogen, palladium is a key component of the controversial cold fusion experiments that began in 1989.
With the break of the last high at 930, there is a lot of space to the up site. At the same time, the now available support can be used as a stop loss level. This results in a trade with a risk-reward-ratio of 1:4.
Impressive parallel channel close to ATHRSI divergence here is quite long term but it suggests to me that a pull back is due so that we may see a further fail of the ATH level. If this is the case I'd expect to see a return to the bottom of the channel & bounce back higher from there.
PALLADIUM: STILL UPTREND BUT EXPECTING A STRONG BREAKDOWNPALLADIUM is in a strong uptrend on daily but it's reaching a potential topping level. I'm expecting a strong breakdown for this rising wedge.
Palladium Bullish CypherSeptember Palladium is showing some signs of more upside in a turn around at 839.4 rejecting a fall to 820. Upside target is 878.05 if bulls can put Palladium above the 20 day moving average at 853.2. Looking for a double top outcome at 897.8.
Palladium is getting higher Palladium reaches the former resistance at 830 USD. As long as price stay above 820 USD we have a good chance to reach 910-930 USD, the next resistance area.
Palladium hat im Mai deutlich Gas gegeben und ist über das April-Hoch gestiegen. Der alte Widerstand ist nun Unterstützung. Solange das Edelmetall über 820 USD per Tagesschlusskurs bleibt, stehen die Chancen auf einen Anstieg bis 910-913 USD gut!
Good Trades
Mario
