LOLA trades Platinum FuturesHere we have L.O.L.A. trading platinum futures. This is a blind model run not curve fitting.
XPTUSD1! trade ideas
Platinum (Daily Chart Outlook)
Platinum up against strong dual resistance. What happens here could determine the trend for the medium to long term. A strong close above 23.6 fib level (taken from August highs 2011, and the lows of August 2018) on the weekly time frame, could entice more bulls to board the uptrend which began in August 2018.
If resistance holds here throughout February 2020, a bearish outlook will probably be on the cards for the spring season.
Platinum - Monthly Chart OutlookPlatinum at decision junction.
Let's wait for all viruses clear from the air.
Platinum Breaks Out Strongly, Above $1000Platinum has broken out above $1000, in futures and cash trading
during the last week of trading, and is holding support on a retest above that important big number.
Commercials have been net short according to the Commitment of Traders,
so the move above $1000 has forced some big money traders to start covering their bets.
I am long platinum with PPLT, the Platinum Cash ETF,
and would use any declines back towards $1000,
to accumulate additional long position in this very precious metal.
Keep in mind,Platinum moves very quickly,
when size, or big money is added to the trade, in an otherwise thin market.
A breakout above $1016, from the "Base Pattern: building above $1000
could soon move Platinum back towards the January High near $1040
PLJ20 Last 1012.00
THE_UNWIND
1/24/20
NEW YORK
Platinum Jan entries (new strategy compared to old strategy)Trade 1
Target is 2 x the size of the candle (this strategy already appears to be more successful) = 973.8
entry is 1/3 of the size of the candle =958.2
stop order = 956.8
Trade 2
Target = 999.4
entry 983.5
stop order = 975.2
Trade 3
Target = 988.2
entry = 979.2
stop order =973.5
Although the targets are smaller, they are easier to accumulate over the time period, as they have all succeeded. Using pips will also be easier to analyse when it comes to my monthly profit/loss analysis.
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I stuck to my original strategy. I already appear to be struggling to achieve my target. Perhaps from now on I should stick to a no. of pips based target than a % based target.
Trade 4
Entry = 1002.2
Stop Order =994.1
Target (4%) = 1040.4
The reason why I placed such a high target was that the trend was so bullish, 3% was already achieved by the succeeding candlestick, I therefore increased my target by an extra 1%.
I also indicated other suitable entries. Platinum is certainly an area I will take a great deal of interest in.
COT SHORT PLATINUM. Commercial the shortest in 20y. All metal (gold, platinum, silver) market is pointing short reversal
Brilla il platino sul settimanaleInteressante rottura rialzista per il platino.
Pattern in osservazione
Platinum entriesEntry = 1002.2
Stop Order =994.1
Target (4%) = 1040.4
The reason why I placed such a high target was that the trend was so bullish, 3% was already achieved by the succeeding candlestick, I therefore increased my target by an extra 1%.
I also indicated other suitable entries. Platinum is certainly an area I will take a great deal of interest in.
PLATINUM FUTURES REACHING SELL DECISIONS POINTPlatinum is reaching a selling decision point. Waiting any reversal candlesticks or reversal charts pattern or any divergence of any oscillators indicator.
Platinum struggles with $1000 levelI've been watching the $1000 level in #platinum since the Sept blow-off. This morning we ticked that level, plus the top of the channel, and we are getting a hard rejection (shooting star candle so far). Big supply area. Needs a hard break above $1000 before next big move. $PL
Platinum About to Rock out with its This could be the push I have been waiting for since we last tapped 1000. Platinum is mainly used for catalytic converters in electric cars. My Nio calls doubled so maybe this will too.
What a bottom looks like: PlatinumThe analysis above builds a case for justifying a developing bottom in platinum prices. Based on its price history, platinum prices are likely to breakout in 2020.
#Platinum Daily chart update ! 12/26/19 10:40 ESTPlatinum has a good chance a breaking out here in what would be a 3rd wave , following a leading diagonal in wave 1 and pullback in 2. 1200 zone would be some initial targets.
Platinum At A 30 Year Low vs PalladiumMonthly relative/ratio chart sees Platinum at a 30+ year low vs Palladium.
Platinum buy oportunity?False breakout was made in "premarket". "OPEN" start in a hour and could give us fast move upside like continuation of original uptrend.
Let's see.
PLATINUM, COT ANALYSIS, LONGWe enter if a retracement to 827, target 925
Precious metal market is possibly set for bull run
Lets see what happens with Platinum Commercials were in very heavy short positions. Now we are back to the zone before they got long before. Will this price interest them? Lets see if we can beat them this COT Friday..
IMO.... This is just a small bounce in a longer downtrend. Though this time last year we were very close to 1000. So I am torn.In the meantime- I will surly play the counter trade opportunities.
- SKYLOBSTER
Platinum: Top investment for the coming years.In our search for solid long term investments in the coming years we have decided to share our long term outlook on Platinum.
Technically it recently broke above a 3 year Falling Wedge turning bullish on the monthly chart an effect that has since receded as it pulled back on the 1,000 mark (RSI = 50.285, MACD = -8.660, ADX = 25.926, Highs/Lows = 11.4571).
If the 1W MA50 holds this pull back and another spike prints a Golden Cross, then we may come across a unique multi year buy opportunity on Platinum as most parameters will be similar to the late 90's Golden Cross pattern when the metal entered a hyper strong Bull Cycle. The target will be 2-3 times the initial value.
We wish to add at this point that Platinum has fairly reliable pointers both on the short and long term and thanks to that most of our latest XPTUSD signals have met their target on high quality patterns. You can get an idea of those below:
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