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PL1! trade ideas

Platinum nearing resistance on the 4H?I sold my puny amount of platinum on the 4th when we approached the orange trendline, which is a resistance line from the previous rally before the pandemic. Recently we've had 4 reactions with this trendline acting as resistance and you'll notice we failed to reach the top of the channel (blue) in the last three upward swings. So is this the moment this resistance is breached? I don't know. Is this the moment platinum is rejected around 1267 and starts to form a pattern resembling an ascending wedge? I don't know that either. I'm super new to this so I don't know anything. But just in case I took some money off the table while I hold in SLV and pick up more IAU, at least until we have a break above this line, and confirmation of the uptrend. Looks like divergence of MACD on the 4H chart but the 1D looks good! Advice welcome!
NYMEX:PL1!
by UnknownUnicorn15780997
Traditional|PL1!|Long and shortLong and short PL1! Activation of the transaction only when the blue zone is fixed/broken. The author recommends the use of anchoring fixed the blue zone, this variation is less risky. If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone. Working out the support and resistance levels of the consolidation zone. * Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author. + ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction. The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %. The breakdown of the upper blue zone - long. Breakdown of the lower blue zone - short. Working out the stop when the price returns to the level after activation + fixing in the red zone. Blue zones - activation zones. Green zone - take zone. Red zone - stop zone. Orange arrows indicate the direction of the take. Red arrows indicate the direction of the stop. Priority - The value of the priority parameter implies the author's subjective opinion about the more likely activation zone on this idea, this does not mean that this idea will be 80% activated by this parameter, the purpose of the parameter is to provide for the risk of the inverse of the zone parameter. Example: "Priority Long: So the author inclines more in the direction of the activation zone open long trades, in this case, when reaching the activation zone in short you should be very careful, because this area may be highly likely to be punched about the breakdown/do not get to take/activate transaction from go to stop." Please consider this parameter if you use my ideas. SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take. P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
NYMEX:PL1!
by Henry_Ross
16
Platinum ready to breakout from it's bull flagPlatinum took a pause after hitting the 1300s. Since then it has been moving in a triangular wedge. But it seems that the bull penant is almost done. and its ready to breakout. Fundamentally, the news that the BIden administration is going to reduce carbon emissions by 50% indicates a lot of electrodes, storage devices, infrastructure spend are on the way. That can only mean, that platinum is in for a massive breakout over the next few trading sessions. Is today the Day? might be. I am buying platinum.
NYMEX:PL1!Long
by The_Rational_Investor
Platinum - 2nd Target achieved ✔️✔️This was our FIRST VIDEO of the year , maybe watch it now if you haven't already. Trading 101 paid profits and dividends twice. Now let's go for more - 2 target profits left: here My friend Kaush says that: It’s 8% away from its 20 ema it’s pullbacks have been roughly 13% in the past max it’s gone is 10% away from its 20 ema before doing a pullback What does that mean? Well, it is basically a train going 300 miles per hour. Hard to get on it, happy to be on it. The secret is to buy the dips at the right price (that's why we share with you here). what's next? #platinumlongterm 👈
NYMEX:PL1!Long
by FX_Professor
1