Top 2 Biggest Industrial Contraction Ever? Methinks YesJust an idea, haven't shorted it. If there's a fundamental reason you think Palladium should be higher, please let me know.
XPDUSD 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.
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-
XPDUSD /PALLADIUM OUTLOOK. LONG AND SHORTNO DOUBT PALLADIUM HAD A GOOD YEAR IN 2020 COMPARED TO ITS COUSIN (PLATINUM)
EVIDENTLY REFER TO SILVER CHARTS FOR THIS PALLADIUM FORMATION AS IT UNFOLD.
Palladium Undervalued To Gold & Volaility ExtremePalladium on the weekly is undervalued compared to gold. Volatility is also at extreme point & declining. Expecting a move to upside.
Break Triangle on palladium.Palladium break triangle. Next stop about 1500-1600 USD, in high level support?
Palladium Long IdeaWe should expect the price to break out from resistance to make a strong move upwards. I have based this outcome on the continuation pattern (the falling wedge) that I have marked out.
This is not trading advise. This is for educational purposes only.
If you do decide to trade please risk wisely
Palladium: SellSticll stuck at the same palce buy we should expect a sharp move that continues to the downside. Also note that the fractals(market structure repetitions) highligted in the orange circles.
Palladium: SellPalladium is struggling to break out of the minor trendline and should it fail to break, look to add to the sell position.
Note the fractals in yellow circles.
XPDUSD Preparing to go Back to 2800?!Fundamentals point toward new all time highs this year despite the pandemic, Lets see how the technicals respond.
Possible Long (Inverse SHS; Divergence 4H)We have a potential Inverse SHS pattern, which is not completed yet (wait for completion). The head is support by an double bottom.
If we move above the neckline, we can open the trade, which would be around 2,065. Potential target is 2.370.
We should not move below the low of the right shoulder once completed.
Good luck.
Level 2 RisePeak formation W has presented as per my previous chart, Level 1 in new cycle has presented looking for price to move up to Level 2
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.
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As always, please use sound money and risk management in all your trades.
Now I am bearish in palladiumWhile the price is below 2115. The momentum is strong enough to suggest that the downward pressure will continue.
Happy days ahead with PalladiumA great buying opportunity! From 2800 , it has fallen to 1800 before moving to current price of 1914.
expecting a bump back to 2600 before the bubble deflatesThe pattern continues, just like the top of every other bubble the rebound shows the return to normal reaching what could be misconstrued as a higher high but in fact, shows the top is most likely reached for the next couple of years.
short term long into longer term short
PALLADIUM: NEUTRALMy bias is to the downside based on a number of considerations. What do you guys think?
Palladium LongWir haben eine sehr starke Unterstützungslinie seit 2018, ausserdem ein großes Dreieck im Tageschart.
Edelmetalle sind in der Corona Krise gefallen, nun hat sich ein Ausbrechen nach oben auch in anderen Edelmetallen (wie zum Beispiel Silber diese Woche) bestätigt.
Der Commitment of Traders Report von gestern sagt aus, dass die großen Firmen, die mit dem Edelmetall arbeiten, alle groß investiert sind. Das ist geschenktes Insiderwissen - bestätigt auch das Ausbrechen nach unten. Bei Edelmetallen kann uns auch nicht die FED oder EZB einen Strich durch die Rechnung machen. Ich sehe hier alles bullish.
Ich setze den Stop Loss bei knapp unter allen Unterstützungen bei 1760 - Happy Trading!
