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XPDUSD trade ideas

Sell the bubble PalladiumAs you might have seen i have not traded for almost 4/5 weeks and there is a good reason behind it. When i saw the markets behaving erratically, every negative news being considered positive , iran issu/risk impact completely neglected ,focus on trade deal phase 1 (which aint even full of promises), tweets from trump and so on, i decided to sit back and just observe until i see a clear direction. Coming back to palladium which i havent traded for almost 5 weeks now. My previous short went well and i took the profits and went out because it seemed like it will continue to go up and again lucky enough for me, i got it right. I could have also bought it , but buying palladium at this price point can be extremely tricky. One thing to look at , is the auto sales which is actually dropping around the world, and palladium is used mainly in the automotive domain as the catalyst. But with advent of EVs (which dont emit gases and thus doesnt need any catalytic convertors) and more more switch to hybrids and also the falling auto industry , i dont think this rally will be quite sustainable. Verdict: I am short on this bubble. TP1 2000 TP2 1800
TVC:PALLADIUM
by arungoten
2
Are there money to be made in Shorting ?The answer is a resounding YES !!!! Like many traders, I learnt to buy stocks, commodities, forex, etc. You hear lunchtime talk like : I am buying Apple today ! I am long on Tencent with a SL of xxx! There are lesser people telling you about shorts or selling. I did not realise it requires a mental shift years back when I was attempting my first short. Psychologically, it was harder to accept now that we have to reverse the principle of "buy low sell high" to "Sell high buy low". So, in this Palladium case, it is now at high. Of course, it can go even higher (go check out the monthly chart and you cannot find a preceding higher point than current price level). Such parabolic moves are great shorting opportunity , think cryptocurrency, how fast it goes up and down it falls in 90 degrees angle. I reckon this will not be the case of Palladium as it's industrial use is still very much relevant in today's market. Though there are talks of Platinum acting as substitute but automakers are slow to make that change. Until that day, Palladium might correct and goes sideway but it is unlikely to have a heavy fall , in my opinion. So watch out for the price level between 2150 - 2175 where I expect the action to come , i.e. breakdown from the ascending wedge pattern. Notice I draw a dotted line showing the possibility of it breaking higher. If it does, then wait for 2275 level and study the price patterns closely. For new traders, please use a demo account to practise but train your mind to feel the profits or losses is REAL. But just because it is a demo account, do not put in a huge position size just to inflate your ego, that would be meaningless. Whether the result is a 5 figure profits or loss, it does not affect you since the capital was easily provided. Use the same amount as you would in your real account except this is for practice. You need to get really comfortable and know the mechanics of sell high buy low, training your eyes to spot the trade opportunity and manage your risk accordingly. There are money to be made in shorting, really. Go do your homework. Trade safely.
TVC:PALLADIUMShort
by dchua1969
4
Gimme a break, PalladiumImagine you had held onto this metal since Nov 2008 till now, you would have made 1200% return on your capital. Go take a look at the weekly chart and you can see its parabolic move, hardly much correction along the way. Again, this is a counter-trend strategy, a short term trading set up at best since nobody can tell you where is the top of Palladium. For now, I see some resistance at 2145 level. 9 & 10 Jan 2020 candles were a signal and the subsequent bullish candles are getting shorter and shorter, signalling the bulls are exhausted. They need a rest or correction. The aggressive sellers can sell now at 2145 or wait for it to break down the support at 2109. You can also wait for it to break down from the bullish channel for a higher safety of margin. Trade safely
OANDA:XPDUSDShort
by dchua1969
4
Palladium Worth Over $2,000!On 17th December 2019, price made an attempt at breaking the $2,000 major round number and failed. From that date through to the end of 2019, it was unclear whether Palladium would exceed $2,000. We prefer to wait for breakouts and avoid trying to guess what price will do next. On 6th January 2020, price broke and closed above $2,000 creating new historical highs and signalling strong momentum in this commodity. If price does continue to rise then we can expect to see deep pullbacks along the way up as this is the nature of this commodity but this is nothing to worry about. Pullbacks are just periods of temporary selling and usually scares off the inexperienced traders. If you are trading and following the trend, then your stops should be kept a distance away from price to allow these pullbacks to occur without stopping you out prematurely. We will be following Palladium and will be looking to add more positions to our profitable trades that are currently still running. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:PALLADIUMLong
by Sublime_Trading
2
Palladium: Remaining Bullish in 2020 before 2021 ConsolidationPalladium has quietly ran up as much as 65% YTD at one point with a likely 'finish' around +53-54%. In my forecast, I believe Palladium will reach roughly 2400-2500 by the end of 2020 with a more aggressive short coming sometime in Q1 in 2020 (Jan, Feb or March) and one later in the year in Q4 of 2020 (October, November or December). Production relative to demand remains considerably unmatched and this trend will continue through 2020. Because equities will remain at-least modestly bullish in 2020, there is no reason for the automotive sector to drastically deteriorate, and as such, Palladium demand will remain strong despite random bears trying to say otherwise. Moreover, the strong demand from international markets like China and India will push Palladium higher than most people think in 2020. The overall 'bull run' of Palladium will end once the price falls BELOW $1650. Note: The dips may be slightly more aggressive than what I have drawn here, however, the overall prediction, trend and timing remain accurate. - zSplit
OANDA:XPDUSDLong
by PaulDeep19131
6
Is Palladium tumbling down ?I certainly hope so as selling at this high price to the desired target would yield a great amount of profits to any traders. A very bearish candle has just taken place in the 4H chart, let's be patient and see the strength of pull back and then place our sell bet. For all you know, this commodity which has been generating more than 350% return since 2016 (parabolic move) is in need of a serious correction. watch this like a vulture and not let it off your sight........
OANDA:XPDUSDShort
by dchua1969
1
Palladium Slowing Down at $2,000!If price can climb another 60 points and go beyond the $2,000 mark then it would be creating new record highs for this commodity, which in 2016 was only priced as low as $454. It has travelled some way since then to where it is now and that journey has not been the smoothest. After the smooth linear trend from August 2018 to March 2019, price took a turn and went into consolidation. The sideways movement continued like that for 6 months before the trend resumed. What traders have to realise is that a period of consolidation does not write off a trade and quite often just indicates exhaustion in the market before momentum kicks back in and we see a trend continuation. The last pullback was held and pushed back up by the 50sma, which also pushed price through the previous resistance at $1,823. We will have to see if that same momentum will push price through the $2,000 psychological round number and beyond. We will share updates if and when we see new all-time highs created. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:PALLADIUMLong
by Sublime_Trading
2
Palladium: 2400 before 2021; Strong Bull Throughout 2020Palladium has soared over the last little while especially, but even so, over the past 12 months. My hypothesis has remained correct and will continue to remain correct: as long as equities are bullish, so too, will Palladium. I believe there will be a 5-10% correction sometime in Q1 of 2020 (impossible to know exactly how much), and perhaps another correction late 2020, however, i believe before the end of 2020 Palladium will reach about 2400 which I am predicting as the top for now. The long-term future of Palladium remains strong, but with any precious metal, you can expect at-least a 30% consolidation level before the next run-up. Long until Q1 2020 Watch for a short in Q1 2020 (for Palladium and equities) Long from Q2 2020 Prepare for short and consolidation as 2020 ends *Note: Chart is not 100% exact but present to show the general trend. - zSplit
OANDA:XPDUSDLong
by PaulDeep19131
5
Palladium When Does The Ride Stop?Palladium has had a massive drive up in price. Previously below platinum, it's come into it's own. The market is tightly controlled by a few major players, and possible supply interruptions helping fan the bull flame. $2000 Rejection most likely profit taking, and an outlook over $2K imminent. I am waiting to take a short position though, as a rally like this has the potential to unwind quickly, and the upside at some point will be capped. Key points of support sit at $1835, $1700, then $1600 in the short term. Will also be watching RSI for a short on any overbought rallys over $2K mark in the next few weeks. Whilst keeping an eye on news of the current supply/demand fundamentals in the case of a continued rally to future gains.
OANDA:XPDUSDShort
by KevinOrchard