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PALLADIUM (US$/OZ)PALLADIUM (US$/OZ)PALLADIUM (US$/OZ)

PALLADIUM (US$/OZ)

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PALLADIUM trade ideas

PALLLADIUM is ready to popPrice is coiling inside the asymmetrical triangle. Historically, this pattern is prone to volatility once price reaches the apex. The next two daily candles will put price outside the pattern. If there is continued risk taking and positive market sentiment across all financial markets, then there is increased probability that Palladium will develop a new bullish trend. However, it worth noting that the S&P 500 has traded higher over the last several days/weeks while Palladium has been stuck in a no trend scenario. Pay attention to risk and potential fake outs.
TVC:PALLADIUMLong
by tradingwithyg
1
PalladiumLesson 1 “All warfare is based on deception. Hence, when we are able to attack, we must seem unable; when using our forces, we must appear inactive; when we are near, we must make the enemy believe we are far away; when far away, we must make him believe we are near.” ― Sun tzu, The Art of War It is in the nature of the market and best interest of the smart money for the market to deceive the majority of market participants into losing their capital. This becomes a double tragedy for the common retail trader who has to contend with the unsavoury practises of Market Making Forex Brokers . Having said that, this Palladium chart illustrates that almost perfectly and I will explain; We have been looking looking for a drop in this commodity for more than a week (check related ideas) and when it finally drops it decides to do a whiplash (house cleaning) thus frustrating both sellers and buyers (mostly retail traders). This whiplash also served as a stop hunt for flashing out the weak hands who had tight SLs on either sides of the market. Add in the wide spread that characterises Palladium and the typical Broker shenanigans, disaster in the air for retail traders. You will find that it is during such chaotic moves that a majority of short term strategies start to fall apart (which capital lost). What we need is a longterm strategy that allows us to factor in the possibility of such deception, enabling us to not flinch in the face of obvious deception (poker face). It is unwise to doubt your own analysis and keep re-routng your course, at the end you wont even know where you are going or why. It will serve your far better in your trading journey to be thorough in your analysis and resolute in its projections. Even if it turns to a lose, it is an intelligent loss which teaches you better than a dumb win. Detour: Keep a journal of whatever form that suits your lifestyle, study it like your life depends on it. If you have spent as much time, effort, study and emotional currency as some of us have, you would concur with my previous statement. We will update the analysis should the price action change, but so far, the sell position stands. -May this coming trading week be better than your last-
TVC:PALLADIUMShort
by Nash-88
Short opportunity Palladium 25 May, 2020The value of Palladium has been declining for several months and I see now another good opportunity to short as price seems on the verge of breaking through the support at 1947 area. I am interested in taking a short, with stop above 1983 to target just above 1780. The R/R justifies this "with trend" trade. The memorial day holiday in the US will mean rather thin markets on 25/05, so please be watchful. If you like my analysis please give it a "thumbs up" and follow me to get immediate notification about my posts. As always, please use sound money and risk management in all your trades.
FX_IDC:XPDUSDShort
by Trading_Vista