PALLADIUM trade ideas
Palladium looking like it wants to Roll OVERTA:
Balance of Power indicator looks like it has made a reversal, when that happens we consequently dump but that is a sign of institutional buying pressure- as the sell pressure is rotated to a small percent of the market buying the cheaper lot.
At an important traditional and Fibonacci level- therefore if we don't break above expect a retracement in the green zone which is marked by Fibonacci sequencing.
-Megalodon (Rahim)
Stay Safe, Trade Safe
You are welcome to share your ideas below :)
FX_IDC:XPDGBP
Palladium potential buyPric Action establihed from the 14th to the 19th May created a new high. Prices since then are accumulating.
GARTLEY PATTERNEntry: now
Stop-loss: 2100
Take-profits: 1064
NOTE: BE VERY CAREFUL WHEN CHOOSING A LOT SIZE FOR THIS PAIR BECAUSE IT'S VOLATILITY IS UNPREDICTABLE AND IT OPERATE WITH HUGE SPREADS. I'LL ADVICE 1.0 ON A 10000£ ACCOUNT.
Palladium looks like it could squeeze against silverI am long BOTH Silver and Palladium, but Palladium may outperform silver if it squeezes higher out of that consolidation.
Notice palladium recently broke out of a very tight triangle
The best way to buy palladium if not the futures contract is through the ETF, PALL
Triangle on palladiumPalladium testing ressistance on 2050 USD. We also see asscendenting triangle. Propably move to 2150 USD after break out.
PALLADIUM 1D TRIANGLE BREAKOUTTriangles are repeatable trading chart patterns.
Triangles are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
Waiting For Palladium To Breakout!Palladium...
After their steep price surge in 2019 and beginning 2020 it is recently stabilizing itself.
I personally believe that this stabilisation isn't sustainable.
So waiting for an breakout is recommended.
I am a bit more bullish than bearish, but i want to wait for the breakout.
Technical:
"Explained above"
-rsi between 50 and 40 over a decent period
Fundamental:
Explained in one phrase: demand will recover fastly.
Best Regards
Christian Georgi
PALLADIUM are we testing 1880?we looking to sell for short term, at the moment we have correction on 30 min to sell to expose 1880
Palladium Short OportunityWait for the breakout
H1 CS Breakout confirmation would be better
Good Luck
Long PalladiumIn 4H chart it's propably invertet head and shoulders. in daily chart we see break out from descending triangle.
XPDUSDFundamentals:
This trade banks on a net global economic recovery, as palladium is used for industrial output.
Technicals:
D1 uptrend, wedge pattern, with price at support
A great 1:10 risk-reward
PALLADIUM do not loose focus!we still looking to buy, but for now we not ready to move up. If we get correction will consider to take sell to expose 1769 for bounce there to look for buy setups. Do not loose this buy, just we need patience
"FED-PIG" PLAY - Metal Strangle - Long Palladium, Silver HedgePalladium is one of the most interesting niche long ideas that I've been following for some time. This rare metal has appreciated 3-4x in a very short period of time. That is pretty wild, given that it is a commodity that has always existed on Earth. While there are certainly gov't related supply controls, demand is skyrocketing due to its extremely limited availability and its rare chemical properties used to manufacture vehicles in the aerospace/automobile industries.
In fact, there seems to be some slight correlation between Tesla's share price and palladium's p/oz. Might just be a coincidence though.
In any case, the FED is likely to drop rates in order to keep in line with their efforts to push the market higher. Any sort of dovishness will be bad for everyone, unless you are somehow still holding a short position from 3 months ago. Otherwise, I think these FED minutes will serve as another catalyst and that it actually has not been fully priced in to the equities markets.
However, one way to play this is to strangle commodities to account for an ambiguous reaction to interest rate guidance. All else equal, silver is the obvious pick to short and gold, long. However, I think palladium can benefit more than gold from decreased rates because it is overlooked. Gold may have already priced the best case scenario in already, which is a fair assumption given recent institutional interest.
Thus, one creative play before 2 pm is to long Palladium forward contracts for next month and buy offsetting puts on silver miner ETFs.
Will be a fully fed pig by end of day, that I am sure of.
TVC:PALLADIUM TVC:GOLD TVC:SILVER
The shining starMore than three-quarters of palladium ends up in hybrid vehicles and in the catalytic converters used in autos to reduce emissions.
Today, many governments, especially China’s, are tightening regulations to crack down on pollution from vehicles, forcing automakers to increase the amount of the metal they use.
However, supply cannot respond to growing demand, resulting in a global shortage and helping palladium prices to hit successive records.
China, the biggest auto market, announced that all cars manufactured from 2020 will be required to contain around 30 per cent more palladium.
Slowing auto sales in China could threaten the outlook for palladium demand. The threat of EVs could further hurt the demand for palladium and platinum.
Gas & diesel Cars
Used in Catalytic converters - (which doesn't exist in EVs )
(used to remove noxious gases from vehicle exhausts).
Platinum
Palladium
Electric vehicles ( EV )
Lithium
Cobalt
Nickel
The scarcity of Palladium & platinum and its associated metals
poses a significant hurdle for global automakers investing heavily in hydrogen fuel-cell technologies and the adoption of FCEV'S.
Fuel Cell Electric vehicles (Metals required as catalysts for the conversion of reactive gases into electric power.)
Palladium
or
Platinum + ruthenium
or
Palladium + SIlver
Alternative to Palladium CFDs:
ETF: PALL
Stock: NLSY (OTC)
