• Home
  • Forums
  • News
  • Calendar
  • Market
  • Login
  • Join
  • User/Email: Password:
  • 4:53pm
Menu
  • Forums
  • News
  • Calendar
  • Market
  • Login
  • Join
  • 4:53pm
Sister Sites
  • Energy EXCH
  • Crypto Craft
  • Forex Factory

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Printable Version

Similar Threads

XPD/USD - Palladium vs US Dollar 0 replies

broker stop-hunted my palladium trade 9 replies

  • Interactive Trading
  • /
  • Reply to Thread
  • Subscribe
  • 42
Attachments: Palladium trading
Exit Attachments

Palladium trading

  • Last Post
  •  
  • 1 Page 23 4
  • 1 Page 23 4
  •  
  • Post #21
  • Quote
  • Jul 14, 2019 4:54am Jul 14, 2019 4:54am
  •  MzansiObi
  • Joined Feb 2016 | Status: Full Time Trader. | 5,255 Posts
Quoting Aleksbuk
Disliked
My previous waiting some deep provocation was loose waiting - the palladium already did target for long. I'm waiting for some rollback and test step on daily chart. if they will give confirmation, i will open short on test 1570. Target 1450. {image}
Ignored
Agreed Alek,
Shorts should do well. Will add onto short around 1556
Thinking there may be further bearish was overall....
Double top on weekly? Downward pointing RSI, so exercising some patient with this one.....
4+1(Gold) Return This Month: 14.6%
  • Post #22
  • Quote
  • Jul 14, 2019 10:40am Jul 14, 2019 10:40am
  •  MzansiObi
  • Joined Feb 2016 | Status: Full Time Trader. | 5,255 Posts
Quoting Aleksbuk
Disliked
My previous waiting some deep provocation was loose waiting - the palladium already did target for long. I'm waiting for some rollback and test step on daily chart. if they will give confirmation, i will open short on test 1570. Target 1450. {image}
Ignored
Agreed Alek,
Shorts should do well. Will add onto short around 1556
Thinking there may be further bearish was overall....
Double top on weekly? Downward pointing RSI, so exercising some patience with this one.....
4+1(Gold) Return This Month: 14.6%
  • Post #23
  • Quote
  • Jul 15, 2019 12:24am Jul 15, 2019 12:24am
  •  MzansiObi
  • Joined Feb 2016 | Status: Full Time Trader. | 5,255 Posts
Quoting MzansiObi
Disliked
{quote} Agreed Alek, Shorts should do well. Will add onto short around 1556 Thinking there may be further bearish was overall.... Double top on weekly? Downward pointing RSI, so exercising some patience with this one.....
Ignored
Have added onto 1555.46.....lets see how it goes ....


Trade safe
4+1(Gold) Return This Month: 14.6%
  • Post #24
  • Quote
  • Jul 16, 2019 3:49pm Jul 16, 2019 3:49pm
  •  EventsTrader
  • Joined May 2019 | Status: iTrade | 1,432 Posts
Palladium tested the March highs and failed to break out. It looks like it's due for a correction back to around the 1500 level. I don't like trading Palladium because of the spreads, but this seems worth it on a small position. I'm short at 1524 with a target closer to 1500. Although I'll take the profits off the table early if I have the chance. I'm not too confident trading against such a strong long-term trend.
Attached Image (click to enlarge)
Click to Enlarge

Name: SNAG-6.png
Size: 12 KB
We must learn who is gold, and who is gold plated
  • Post #25
  • Quote
  • Jul 16, 2019 7:41pm Jul 16, 2019 7:41pm
  •  EventsTrader
  • Joined May 2019 | Status: iTrade | 1,432 Posts
Taking another look at Palladium, I'm feeling more confident in my position. In fact, I just added to my position. Just to reiterate from my previous post, I generally avoid taking positions against a strong long term trend.

Using Scanner on the Market page I'm looking at the net change in the last 1hr, 2hrs, 4hr, 6hrs, 12hrs, 24hrs, and 48hrs. I added another one and set it to the same intervals but to display charts. I'm not sure candles are best. Actually I may change it to line or dotted line. But for now, I'm using candles. It's what I know best.

I'm still playing with it and figuring out the best set up. Check it out.
Attached Image (click to enlarge)
Click to Enlarge

Name: SNAG-5.png
Size: 60 KB
We must learn who is gold, and who is gold plated
  • Post #26
  • Quote
  • Jul 18, 2019 12:08am Jul 18, 2019 12:08am
  •  EventsTrader
  • Joined May 2019 | Status: iTrade | 1,432 Posts
I closed out my Palladium shorts early to take some profit off the table. Now, I'm going long based on a few factors. My target is around 1560 and stops in place tight.

My Scanner set up is showing the trend on the 1hr, 2hrs, 4hr, 6hrs, 12hrs, 24hrs, and 48hrs are all headed higher:
Attached Image


Precious metals in general seem to be under some buying pressure since the open of the US session. There's not a lot of data that will derail the sentiment. Here's the hourly chart showing that a trend reversal could be under way:
Attached Image (click to enlarge)
Click to Enlarge

Name: SNAG-9.png
Size: 12 KB


The overall trend in Palladium is very bullish. I feel more confident in my ability to pick up on a continuing trend, then predict reversals.

Here's Palladium on a daily chart:
Attached Image (click to enlarge)
Click to Enlarge

Name: SNAG-1.png
Size: 12 KB


One last interesting thing that I'm keeping my eye on is a new Scanner I set up showing high and low for the time periods. Palladium continues to make higher lows every time period:
Attached Image
We must learn who is gold, and who is gold plated
  • Post #27
  • Quote
  • Jul 21, 2019 6:14pm Jul 21, 2019 6:14pm
  •  EventsTrader
  • Joined May 2019 | Status: iTrade | 1,432 Posts
Palladium is looking like a good shorting opportunity. I took a small position with a fairly tight stop. Here's how it's looking on an hourly and daily, respectively.
Attached Image (click to enlarge)
Click to Enlarge

Name: SNAG-4.png
Size: 22 KB

Attached Image (click to enlarge)
Click to Enlarge

Name: SNAG-6.png
Size: 16 KB
We must learn who is gold, and who is gold plated
  • Post #28
  • Quote
  • Jul 22, 2019 1:48pm Jul 22, 2019 1:48pm
  •  Aleksbuk
  • Joined Jun 2016 | Status: Member | 2,759 Posts
I think Palladium came to one target. Aftre one more provocation i'm waiting movement to 1460.
Attached Image (click to enlarge)
Click to Enlarge

Name: 23.png
Size: 74 KB
1
  • Post #29
  • Quote
  • Aug 5, 2019 4:08pm Aug 5, 2019 4:08pm
  •  SurfsUp
  • Joined May 2019 | Status: Member | 534 Posts
With Gold going through the wild ride it has had in the last few weeks, took my eye of Palladium market. Looks like levels back down to June trading. Is there a short-term play here?
If in doubt, paddle out!
  • Post #30
  • Quote
  • Aug 6, 2019 7:34am Aug 6, 2019 7:34am
  •  swagtrading
  • | Joined May 2019 | Status: Member | 287 Posts
Palladium looks to have rolled over and is now trading below its 100-DMA. A break below $1382 should lead to a fall towards $1312

Attached Image
Gold/Silver Gold/USD
1
  • Post #31
  • Quote
  • Aug 6, 2019 3:18pm Aug 6, 2019 3:18pm
  •  EventsTrader
  • Joined May 2019 | Status: iTrade | 1,432 Posts
Quoting Aleksbuk
Disliked
I think Palladium came to one target. Aftre one more provocation i'm waiting movement to 1460. {image}
Ignored
Palladium did what you predicted in that post. I thought it was a good shorting opportunity. Unfortunately, I never pulled the trigger. Check out what Palladium has done since our posts:
Attached Image (click to enlarge)
Click to Enlarge

Name: SNAG-8.png
Size: 24 KB
We must learn who is gold, and who is gold plated
2
  • Post #32
  • Quote
  • Aug 8, 2019 12:54pm Aug 8, 2019 12:54pm
  •  bulltrap
  • Joined Aug 2017 | Status: Patient | 358 Posts
Quoting EventsTrader
Disliked
{quote} Palladium did what you predicted in that post. I thought it was a good shorting opportunity. Unfortunately, I never pulled the trigger. Check out what Palladium has done since our posts: {image}
Ignored
I think there is still a short opportunity. Palladium is the only precious metal in a bearish trend right now and I believe it is due to its slightly different fundamentals. If my futures account was setup right now I'd love to experiment with a short palladium and a long platinum hedge.

On a separate note, I noticed the spike in your graph on Aug 1. It is even more pronounced in my graph below. I wonder if that is due to contracts rolling off and on. Maybe a good opportunity for Sep 1?
Attached Image (click to enlarge)
Click to Enlarge

Name: capture.png
Size: 141 KB
careful not to step in a pile of it
1
  • Post #33
  • Quote
  • Aug 8, 2019 3:04pm Aug 8, 2019 3:04pm
  •  EventsTrader
  • Joined May 2019 | Status: iTrade | 1,432 Posts
Quoting bulltrap
Disliked
{quote} I think there is still a short opportunity. Palladium is the only precious metal in a bearish trend right now
Ignored
I agree that there looks to be some further downside potential. Since I last posted, it's gone sideways. Palladium is vastly underperforming in the precious metals space.
Attached Image (click to enlarge)
Click to Enlarge

Name: SNAG-6.png
Size: 21 KB
We must learn who is gold, and who is gold plated
1
  • Post #34
  • Quote
  • Aug 9, 2019 2:36am Aug 9, 2019 2:36am
  •  MzansiObi
  • Joined Feb 2016 | Status: Full Time Trader. | 5,255 Posts
Quoting EventsTrader
Disliked
{quote} I agree that there looks to be some further downside potential. Since I last posted, it's gone sideways. Palladium is vastly underperforming in the precious metals space. {image}
Ignored
Had some long term shorts on it last month....
Cashed out on it to release some leverage.
Will wait for rallies to get in short again....
Monthly just moved out OB zone on RSi.....lots of real estate to the bottom.....
4+1(Gold) Return This Month: 14.6%
2
  • Post #35
  • Quote
  • Aug 12, 2019 7:43pm Aug 12, 2019 7:43pm
  •  bulltrap
  • Joined Aug 2017 | Status: Patient | 358 Posts
Quoting MzansiObi
Disliked
{quote} Had some long term shorts on it last month.... Cashed out on it to release some leverage. Will wait for rallies to get in short again.... Monthly just moved out OB zone on RSi.....lots of real estate to the bottom.....
Ignored
Don't wait too long, I have a feeling there will be a decent sized move sometime this week. Just not sure which direction. Palladium is tricky..
careful not to step in a pile of it
1
  • Post #36
  • Quote
  • Aug 12, 2019 9:52pm Aug 12, 2019 9:52pm
  •  MzansiObi
  • Joined Feb 2016 | Status: Full Time Trader. | 5,255 Posts
Quoting bulltrap
Disliked
{quote} Don't wait too long, I have a feeling there will be a decent sized move sometime this week. Just not sure which direction. Palladium is tricky..
Ignored
Lol for that very fact that it's tricky, im going to wait for my level or just stay out of it period......
4+1(Gold) Return This Month: 14.6%
1
  • Post #37
  • Quote
  • Aug 13, 2019 9:27am Aug 13, 2019 9:27am
  •  bulltrap
  • Joined Aug 2017 | Status: Patient | 358 Posts
Quoting MzansiObi
Disliked
{quote} Lol for that very fact that it's tricky, im going to wait for my level or just stay out of it period......
Ignored
Good point lol.
careful not to step in a pile of it
1
  • Post #38
  • Quote
  • Aug 13, 2019 5:08pm Aug 13, 2019 5:08pm
  •  Aleksbuk
  • Joined Jun 2016 | Status: Member | 2,759 Posts
Quoting Aleksbuk
Disliked
I think Palladium came to one target. Aftre one more provocation i'm waiting movement to 1460. {image}
Ignored
On target!
  • Post #39
  • Quote
  • Sep 16, 2019 5:35pm Sep 16, 2019 5:35pm
  •  EventsTrader
  • Joined May 2019 | Status: iTrade | 1,432 Posts
Palladium hit an all time high today of $1619.80
Attached Image (click to enlarge)
Click to Enlarge

Name: SNAG-4 5.35.36 PM.png
Size: 16 KB
We must learn who is gold, and who is gold plated
  • Post #40
  • Quote
  • Oct 2, 2019 3:47pm Oct 2, 2019 3:47pm
  •  auricforecas
  • Joined Sep 2017 | Status: Still a total mystery | 3,575 Posts
Quoting EventsTrader
Disliked
Palladium hit an all time high today of $1619.80 {image}
Ignored
Yeah, some impressive chart... Seems it the only thing one would have to be careful is the swings (if trading with leverage)...
It sure does seem BUY atm... Not so "at home" with it.. but changed relations to other markets... Would like to explore it further.. in time...
Not want to lose my focus to other markets but would like to hear some insights from anyone that is trading this...
Can you afford to take that chance?
CHEETAH LIVE TE Return This Year: na
  • Interactive Trading
  • /
  • Palladium trading
  • Reply to Thread
    • 1 Page 23 4
    • 1 Page 23 4
0 traders viewing now
  • More
Top of Page
  • Facebook
  • Twitter
About MM
  • Mission
  • Products
  • User Guide
  • Blog
  • Contact
MM Products
  • Forums
  • Calendar
  • News
  • Market
MM Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow MM
  • Facebook
  • Twitter

MM Sister Sites:

  • Energy EXCH
  • Crypto Craft
  • Forex Factory

Metals Mine™ is a brand of Fair Economy, Inc.

Terms of Service / ©2021