Comments on: /PA PALL Palladium Sell Signal Triggered

By: Heli G.

Heli G. — Fri, 20 Dec 2019 20:28:18 +0000

Hi Randy … sure i went out early today and missed the trad on PA got new levels to work from please ? now i’m down 3 % from my earlier stops

By: MattChartier

MattChartier — Fri, 20 Dec 2019 17:43:27 +0000

I dont have a full contract since i’m trading CFD. but oh man 5% in a day. It’s gonna pay my holiday flight to mexico.

By: rsotc

rsotc — Fri, 20 Dec 2019 17:27:52 +0000

In reply to ds2000. No hard bounce target at this time. I just raised my stop to entry & will periodically ratchet it up for the time being. I doubt /PA will get back to 1885 soon (support, once broken, becomes resistance) but I will definitely close the long & most likely reverse back to a short again just below that level if it were to get there soon.

By: ds2000

ds2000 — Fri, 20 Dec 2019 17:20:31 +0000

In reply to rsotc. What's your target on PALL on your bounce long? Never mind, I see your post below indicating you're trailing stops up.

By: ds2000

ds2000 — Fri, 20 Dec 2019 17:17:51 +0000

In reply to rsotc. Noooooooo! Don't say that Randy!

By: rsotc

rsotc — Fri, 20 Dec 2019 17:13:22 +0000

In reply to ds2000. Well, I've switched teams... long now as I've reversed the trade at 1807.90 (short to long), looking to game a bounce off the initial tag of the 1800 support (I always cover short trades slightly above the actual support level in which a reaction is likely). Congrats on the trade so far.

By: rsotc

rsotc — Fri, 20 Dec 2019 17:08:31 +0000

/PA 1800 target effectively hit (I always cover just above the actual support). Reversed short to long for a bounce trade. No hard target at this time, will just trail up a stop starting at 1794.

By: rsotc

rsotc — Fri, 20 Dec 2019 17:04:51 +0000

In reply to rsotc. Oh well, 1807.90 BTC +1 order just filled to cover short & reverse to a long to game a bounce.

By: rsotc

rsotc — Fri, 20 Dec 2019 17:01:39 +0000

Daily gain on just one contract of /PA just ticked from 4 to 5 digits. FWIW, I have a limit order to cover at 1807.90, about 8 pts above the 1800 support for a little margin of error, should the buyers step in early. Will most likely re-enter on a bounce.

By: rsotc

rsotc — Fri, 20 Dec 2019 16:59:30 +0000

In reply to lalitb2288. I've checked recently & I'm pretty sure that there is not an inverse ETF for palladium. It appears there was one before (IPAL, 2x inverse) but the ticker doesn't load on any of my charts when I enter it so it must have been retired.