palladium : test 2500 last week was very bullish for palladium despite bad cars sail numbers in usa and confinement , next week we can see small retrace before new pump to 2700
XPDUSD trade ideas
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.
XPD ready for pullback after slight dropHello traders on daily chart as we can see XPD has dropped a lot in past few days. Now it is about to reach a strong support level and 50% fib level too. I expect price to test this support level around 2156 or maybe break it bit then reverse. Wait for price to test support level then go for long.
Traders if you liked this idea please let me know in the comment section below and follow for more ideas.
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%.
Wedge Pattern Long/Short PotentialDue to my experience with this candlestick pattern I believe that this pair will go up or down once it breaks out of the wedge pattern. There may be potentially be no retest of structure and it could just shoot in either direction, be on lookout for a breakout.
PALLADIUM BUY OPPORTUNITYPalladium is on an uptrend which should last until end of Feb 2021.
Buy from current level or upon retracement above 2270.
#Palladium - 5-wave complete though impulse is very strongHi guys!
Palladium has touched the dynamic resistance and might retrace from here though the impulse is very strong, hence it might retrace just a bit and continue the uptrend backed by the weak US Dollar due to the Stimulus bill.
PalladiumPalladium continues to trend higher technically, supported by it's 50-day EMA. Currently trading at a six-month high, we note the upside break of a rounding/bowl formation with the $2369/2425 level being the most recent resistance level as per the daily chart.
PALLADIUM more up sideHi traders
nice price action we got on this pair. so now what we looking for is a big correction then we look for buy to complete C wave
thanks for support
Palladium Targeting a short.Shorting based on fundamentals.
Thanks for viewing ! This is not financial advice , please consider your own Due Diligence and Risk Management.
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
XPD USD SELL (PALLADIUM - US DOLLAR)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
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!
XPD gained +5.88% relative to the USD last weekCurrent price 2329.50 is above 2287.99 the highest resistance line found by Tickeron A.I. Throughout the month of 08/17/20 - 09/16/20, the price experienced a +10% Uptrend. During the week of 09/09/20 - 09/16/20, the FOREX enjoyed a +6% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on August 31, 2020. You may want to consider a long position or call options on XPDUSD as a result. Tickeron A.I. shows that in 17 of 20 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 85%.
Following a +4.96% 3-day Advance, the price is estimated to grow further. Considering data from situations where XPDUSD advanced for three days, in 80 of 86 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. shows that in 92 of 103 cases where XPDUSD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 89%.
