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Platinum Futures

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PL1! trade ideas

PL NeutralShortern Trade : SHORT PL reaching the Weekly Down Trend Line Resistance and Daily Topping Pattern. (yet to confirm) It might have many Hourly Short Trade to Capture quick retracement. Such as Head is forming in Level 880 but yet to confirmed. Longer Term Trade : LONG However High Cautious Need to be watch out for as Daily : MACD is making fresh new high -- More up side can be expected with MACD divergence in coming days to week Stoch above 80 dead cross in super strong uptrend, possibly is to find LONG point not Short POINT.
NYMEX:PL1!
by TraderWorkFlow
Pl1! Platinum Futures Monthly Currently at a long term inflection point, but I don't think it is that strong where it is... mainly due to the number of touches it has had over the years However, looking out from here there is one KEY level worth noting, and this is the 640 level I will be looking for positions long on platinum related assets when platinum gets down to 640, as this is both a major demand level on the monthly chart, but also a major support and resistance level going back 22 years.. This will be a major level of support in my opinion and I will be buying, we are still at 791 right now but if it gets anywhere near 640 I will be scouring for position long opportunities on anything related to Platinum
NYMEX:PL1!
by dionvuletich
PLATINUM FUTURES (APR 2019), 1D, NYMEXTrading Signal Short Position (EP) : 814.5 Stop Loss (SL) : 828.5 Take Profit (TP) : 786.5 Description PLJ2019 formed Double Repo Failure Sell at 1d time frame. Trade setup with Sell Stop at 0.382 Level (814.5) and place stop after 0.618 level (828.5). Once the position was hit, place take profit before an agreement (786.5) Money Management Money in portfolio : $280,000 Risk Management (1%) : $2,800 Position Sizing $0.1 = +-$5/std-contract Commission fee = -$2.37/std-contract EP to SL = $14 = -$700 Contract size to open = 4 standard contracts EP to TP = $28 = +$1,400 Expected Result Commission Fee = -$18.96 Loss = -$2,800 Gain = +$5,600 Risk/Reward Ratio = 1.99
NYMEX:PLJ2019Short
by SuppasitWechprasit
Platinum - Hit Demand Zone & IHS FormationPlatinum, also known by the nickname "Rich's Man Gold" hit strong support level that caused major trend reversal in 2008 (demand zone) as well as 1.618 Fibonacci extension based on prior wave down below the crucial support. On the daily TF it can be seen that potential inverted head and shoulders pattern has formed or is in the process of forming - aka bullish set up / trend reversal. The way I see it - price has just completed a 5th sub wave of major wave 1 so will likely retrace a bit / form right shoulder (where one could consider opening a long position) then continue higher. ATM I am targeting the top of the channel but break above it will result in trend becoming even more bullish. Currently bear div can be observed on RSI 1D TF and the MACD has crossed bearish. I have placed my buy limit orders in 795 - 814 range - marked green. Expectations for metals are bullish. But can metals and dollar move together? You bet your bottom dollar they can. :)
NYMEX:PL1!Long
by SECCommission
1
Platinum future (PL) Platinum price can reach 1000 level sooner according to my analysis. All we need to get profit is to buy with good money management and hold it. ... 30% of platinum is used for Jewelry. 43% of platinum is used for automotive. And other 27% is used for several purpose. ... South African miners are the biggest source of platinum. .. 70% - South Africa 11% - Russia 7% - Zimbabwe 12% - other countries .... the rise of electric cars reduce the demand of diesel engines, so platinum miners in South Africa cuts thousands of jobs. As a result. the platinum price fall. ... But , new source for demand of platinum will be found sooner so the price can reach normal level in this year. I stand for up trend. ... Thanks.
NYMEX:PL1!Long
by LapyaelinnIcarus
1
Platinum Futures PLV2018 , D1Trading Signal Long Position (EP) : 827.9 Stop Loss (SL) : 815.2 Take Profit (TP) : 863.3, 899.6 Description PLV2018 formed Double Repo Buy at 1d time frame. Trade setup with Buy Stop at 0.382 Level (827.9) and place stop after 0.618 level (815.2). Once the position was hit, place take profit before an agreement (863.3) and 899.6 Money Management Money in portfolio : $48486 Risk Management (1%) : $484.86 Position Sizing $0.1 = +-$5 (Standard) Commission fee = -$2.37/contract (Standard) EP to SL = $12.7 = -$635/contract (STD) Contract size to open = 1 standard contracts EP to TP#1 = $35.4 = +$1770 (STD) EP to TP#2 = $71.7 = +$3585 (STD) Expected Result Commission Fee = -$4.74 Loss = -$635 Gain#1 = +$1770 Gain#2 = +$3585 Total Gain = +$5355 Risk/Reward Ratio = 8.37
NYMEX:PLV2018Long
by Fast9