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Platinum

Platinum trade idea, for the trade war ($XPT)The idea is that platinum would move between the two-blue line (these are recent daily support and resistance lines). It looks like Platinum founds its bottom and is ready to move up, to the price level of 1020 (which might be a recent resistance line of the weekly) , even do the RSI has not yet curved up it is clearly oversold on the daily. But last Friday candle shows a bullish sign. When the situation comes that coming week, the price will fall, there is are strong resistance zone between 893.7 (the weekly support line) and 901,37 (the daily support line). (If this break, it hits my stop loss). I assume, because of the coming trade war, commodities like gold and platinum will be a save heaven for investors. My targets are: 1: 1020 2: 1092 3: 1159 Stop loss, below the 890 ****This is not an investment advice, this is just a random thought and want to test my own hypothesis of the coming trade war, feel free to comment and join this trade, but remember never invest more than you can lose*****
OANDA:XPTUSDLong
by duckduckwhale
2
Platinum is weakI could see a good trading opportunity in selling some Platinum today. Large spec were buying a lot and it seems today that bull period is over (for some time) and they would liquidate their longs. Price has broken 2 important trend lines and came back a little, giving us the last chance for selling. I opened short position with target on 50 MA. If you have enough capital supply you could also consider lower targets, I mark them with flags. If 2017 trend line will be broken again form the bottom, I exit my position. However, in a good case I'll use trailing to insure my profits.
PShort
by ArtKon
1
Everyone is buying cryptos, while PL looks "precious"Pun intended. All I hear from the post office guy or my friend's aunt or whomever wants to talk about finance is, what's going on with these cryptos. There's decent coin to be made on the precious metals here. Let me quarterback this out. Initial Margin in PL: $1925 A 25 handle move = $50/handle x 25 = $1250 profit, less commissions. ROI = 65% For any investor/trader to make 65% on a crypto from here would mean. Now if I go on bitmex and trade a perpetual inverse swap, now we're talking! BTC from 7800 to 12,870 ETH from 330 to 544.50 I love trading all assets and don't have biases toward any particular one. Important factors remain the same: liquidity, volatility, slippage, flow and hours and feel for it watching the tape. One isn't better than the other. It's the one that suits your trading style, personality, risk tolerance, sleep-like-a-rock-ness, and obviously, profit potential. Point being trade it all, learn it all. Try it all. Then figure out which one you can get really really good at and focus on that.
NYMEX:PL1!Long
by kinetictrading