TPLM1! trade ideas
Silver set to outperform gold and platinum next yearThe platinum/silver ratio indicates right now that silver will likely be the best precious metal to buy at the start of 2015 if all metals start rallying like in January 2014. Please see my previous ideas on silver and on the silver/gold ratio to see why this metal in particular has caught my eye lately. If you're bullish on precious metals right now, give preference to silver as it has the most to gain if a bullish metals market does set in.
Completed Bat Pattern + Rsi In Oversold Area + DivergenceCompleted Bat Pattern + Rsi In Oversold Area + Bullish Rsi Divergence.
I Always set my TAKE PROFIT at the min Profit on these trade ideas. OF COURSE YOU COULD TAKE THEM FURTHER THAN THAT. Many different trade management strategies could be used. Do i stick to the min PROFIT TARGET on my personal trades, mostly not!!!!!!!!!!
Potential Strength @Platinum yet Fails to Confirm it!Hmmm , the signs of strength fail to unfold in platinum , the high volume at the supportish level, wich holds price
above it , shows some buying activity , as price stays above the level , yet no one is follwoing price any higher
the first rally after the high vol. spike at support , stopped at the middle point of the range at 1540
the second rally failed to make a new high
the third rally attempt ??? well its still on , so we dont know yet where this halts..
but at this supportish level with this buying activity we should think that price should start a rally
but it fails to show the strength ... this pot. strenght wich isnt conformed is actually a sign of weakness!
however we make no significant downward progress too
a buying opportunity would only be present if we take out the upper channel line and make a higher low
however a short woulod be much more interresting if we break support significantly , as all potential longs
would most likely puke the shit out of it.. which will propell platinum , way down till 800ish! as we have enough space to the downside!
will be interresting to see how that situation resolves itself!
