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Platinum Futures

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PL1! trade ideas

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
Median Line Platinum DailyMonitoring this level for a move north, we are monitoring something similar to Press play to see how it worked with AUDUSD This content is purely informative in nature and does not constitute any offer, inducement, recommendation, or legal or tax advice. In particular, the published information is not to be understood to be an offer of sale of any registered or unregistered securities or an investment proposal of any kind. It is general information provided purely for information purposes and is based on proprietary knowledge. The information is not intended to replace personal advice. In particular, we recommend obtaining independent professional advice concerning possible financial risks and potential legal, supervisory, credit, tax, or accounting consequences before using any of the content. No liability is accepted for any possible injury or loss resulting from use of the information or content provided
NYMEX:PL1!
by locatellicharts
2