PL1! trade ideas
Amazed with the climbStaright up jumped to the upper level of the range. Waiting to see if there is any sort of retracement incoming. If the decline starts, I will engage a new set of shorts.
Holding shorts Didn’t realize the newly formed resistance line (drawn in black). So I have to adjust SL a little bit higher to 785, and TP remains at 600.
Still bearish on PLAs shown in the chart. Holding my shorts from 758 and will short more if it jumps to 756. TP is still around $600.
Bearish PlatinumAlthough I am a big fan of platinum, I gotta be honest that future dips are approaching this metal. The negative slope has become a steady resistance level, and platinum is once again rejected from the resistance line. I opened new shorts on that level and is patiently waiting for more dips. My TP for Platinum is $605, the lower end of a big range formed a long time ago(you can move the graph to the left side to see the bigger scope) If you are an aggressive investor, you can place your price at $557. Stop Loss at $775, and good luck!
Platinium is to buy nowHello guys, please support this work with the LIKE
we have a confirmed gowing up level
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Pole/Flag pattern broken thus created the upsideI think this upside is formed by the pole created earlier, and my target price for the short term is $761. Long term could be $835, though I don't think it's too possible. Bullish in the short term, and waiting on the sidelines for the long term movements.
PLATINUM FUTURES (PL1!) DailyDates in the future with the greatest probability for a price high or price low
PLATINUM FUTURES (PL1!) WeeklyDates in the future with the greatest probability for a price high or price low
PLATINUM FUTURES (PL1!) MonthlyDates in the future with the greatest probability for a price high or price low
PL1 !: Descending trianglePL1 !: Descending triangle
continued fall 632 - 469
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PLATINUM FURTURE BULLISH CYPHER POTENTIAL BULLISH CYPHER. WATCH REACTION ON COMPLETION . IF REVERSAL PATTERN FORMS, GO LONG
LOLA trades Platinum FuturesHere we have L.O.L.A. trading platinum futures. This is a blind model run not curve fitting.
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.
