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Palladium (XPDUSD)

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PALLADIUM trade ideas

Palladium - Potential for some more upside action TVC:PALLADIUM After a massive dump, over 6% on the 11th Nov, we are seeing great support at $2300 to $2350. Based on the MACD and the RSI indicators, we can conclude that the downside risk is lowered and the momentum is shifting back to the upside. Great entry points for a potential breakup are between $2330 to $2350. Break up take profits are as follows: TP1 - $2391 TP2 - $2415 TP3 - $2490 (Back to last weeks swing highs Stoploss - $2301 (Just below the dump) If the DXY ( TVC:DXY ) breaks up above $23 and closes (4hr or D1) then this trade will be under pressure and should reconsider.
TVC:PALLADIUMLong
by TraderMagz
50-80% ROI since March Lows for these MetalsTake a look at this comparison chart and see the ROI for these few important Metals performance. The best is COPPER and the worst is Platinum since the March Low. I am investing for the long term and will wait for healthy correction to add more long positions. And I have reiterated the volatility of this PM and personally, I do not take a large positions in each of these PMs. I am often asked how to diversify your portfolio ? The answer is pretty straight forward. It depends on the size of your capital. If you are starting out with a small capital of say 5 to 10,000, then I would say 50% in SPX500 and the rest in growth stocks. If you have 100,000 to 500,000 then it becomes easier to allocate a certain % of your capital to other assets class like PMs. And even then, start with 1 or 2 before adding as this over-concentration can cause some traders/investors sleepless nights like the recent March crash. Imagine you have all 5 of these PMs, a 10% fall in 1 metal is amplified by 5 times if you purchased all though the reverse is true as well. So, how much risks you can stomach has also to do with your capital base and your personality, imo. Also, there are many complicated instruments out there being promoted by various brokers like DLCs, leveraged ETFs, options, etc. Personally, I do not have expertise in these instruments and would not comment if it is worthwhile. Just managing my own portfolio across commodities, stocks, futures, ETFs, currencies IS MORE THAN ENOUGH for me to handle. Then again, to each his own. If you have the bandwidth and knowledge , it is OK to expand your investment reach into these new products. But always start small and gradually inch in as you gain more confidence.
OANDA:XPDUSDLong
by dchua1969
2
XPDUSD, Aroon Indicator entered an Uptrend on Oct 19, 2020Over the last three days, Tickeron A.I.dvisor has detected that XPDUSD's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. Tickeron A.I.dvisor backtested this indicator and found 106 similar cases, 95 of which were successful. Based on this data, the odds of success are 90%. Current price 2347.92 is above 2322.75 the highest resistance line found by Tickeron A.I. Throughout the month of 09/23/20 - 10/23/20, the price experienced a +7% Uptrend. During the week of 10/16/20 - 10/23/20, the FOREX enjoyed a +0.97% Uptrend growth. Bullish Trend Analysis The Momentum Indicator moved above the 0 level on October 23, 2020. You may want to consider a long position or call options on XPDUSD as a result. Tickeron A.I. detected that in 25 of 27 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 90%. The Moving Average Convergence Divergence (MACD) for XPDUSD just turned positive on October 21, 2020. Looking at past instances where XPDUSD's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 18 of 19 cases over the following month. The odds of a continued upward trend are 90%. Following a +2.74% 3-day Advance, the price is estimated to grow further. Considering data from situations where XPDUSD advanced for three days, in 90 of 96 cases, the price rose further within the following month. The odds of a continued upward trend are 90%. The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 98 of 106 cases where XPDUSD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
FX_IDC:XPDUSDLong
by AlTorress
PALLADIUM wait for right priceHi traders on this pair I will be looking at two things. Firstly because I am waiting to take buy setups, I will wait for aggressive break up then correction to buy. I won't take risk on buying the breakout Secondly one more short sell might test the floor before getting upside trade,so I will ignore sell on this case As I see now running flag might be there but that will be confirmed by that aggressive move up and the correction to move up. BUY SETUPS ONLY I WILL BE WAITING FOR thanks for support
OANDA:XPDUSDLong
by Rev_Daily_Traders
Palladium Long set up with nice nearby invalidation to flip biasPalladium seems to have made a nice ascending channel with a few bounces from both sides of the lines. My preferred set up is that support holds (as expected) and makes a move to the upside, with a little bit of choppiness in the mid point which would probably act as a TP signal if it gets too rough. That set up is roughly marked by the blue arrow. Invalidation is a break of the lower trendline which sets us up with a pretty nice risk to reward ratio. I think an alternative scenario could manifest itself which is a breakdown of the lower trendline. In that circumstance the long would be invalidated and I think there is an entry signal to go short if there is a failed retest from the underside of the lower trendline. Showcased terribly by my drawing skills in orange. Horizontal Support/Resistances marked by Green/Orange dashed lines respectively. Interested to hear anyone elses thoughts!
TVC:PALLADIUM
by DT12317