PALL - Chart Link - on weekend I
highlighted that Palladium was parabolic and to look for a short.
It started weak this morning and if you jumped on that it quickly
moved down -20 to the 9 EMA, where so far it has found support at
it's 9 EMA
Posted by racerick on 21st of Jan 2020 at 11:01 am
Matt, knowing you trade the futures, you'll appreciate this.
LOL, After reading the newsletter Sunday, I was up trading futures
Sunday night, had decent trades going on in the ES and GC and
figured I'd take a look at PA futures. So about 12:30 in the
morning found a R point at 2276 to short. Now I've been trading
futures mainly for 10+ years but have never even looked at
palladium. Was doing ok, went down to get some coffee, came
back up in 10 min and was way upside down. Look at the one min tick
charts from about 3ish when Europe came online. There were some
$700 1 min candles. Holy cow. Stayed up till 6am scalping my way
back to small profit. I was not thinking good things about you for
even mentioning it. I was like a moth drawn to a light when I saw
that chart. My last short was at 2308.50 around 4:15. As soon as I
got back to a semblance of profit, I covered. Haven't looked at it
again till you posted this. Obviously I should have held, but I was
worn out. You had a great call, but wow, the futures make trading
gold, oil or ES like trading a utility stock in comparison. Figured
you'd appreciate the story.
even though PALL bounced off the 9 EMA today, I think that move
might be a warning sign. I would continue to monitor
it, especially on an intra day chart, you might get a second
opportunity.
NICE call by me on weekend shorting Palladium!
Posted by matt on 21st of Jan 2020 at 10:37 am
PALL - Chart Link - on weekend I highlighted that Palladium was parabolic and to look for a short. It started weak this morning and if you jumped on that it quickly moved down -20 to the 9 EMA, where so far it has found support at it's 9 EMA
PALL - Chart Link - ETF daily
$PALL - Chart Link - weekly and daily had fractal parabolic curves
$PALL - Chart Link
Matt, knowing you trade the
Posted by racerick on 21st of Jan 2020 at 11:01 am
Matt, knowing you trade the futures, you'll appreciate this. LOL, After reading the newsletter Sunday, I was up trading futures Sunday night, had decent trades going on in the ES and GC and figured I'd take a look at PA futures. So about 12:30 in the morning found a R point at 2276 to short. Now I've been trading futures mainly for 10+ years but have never even looked at palladium. Was doing ok, went down to get some coffee, came back up in 10 min and was way upside down. Look at the one min tick charts from about 3ish when Europe came online. There were some $700 1 min candles. Holy cow. Stayed up till 6am scalping my way back to small profit. I was not thinking good things about you for even mentioning it. I was like a moth drawn to a light when I saw that chart. My last short was at 2308.50 around 4:15. As soon as I got back to a semblance of profit, I covered. Haven't looked at it again till you posted this. Obviously I should have held, but I was worn out. You had a great call, but wow, the futures make trading gold, oil or ES like trading a utility stock in comparison. Figured you'd appreciate the story.
even though PALL bounced off
Posted by matt on 21st of Jan 2020 at 10:40 am
even though PALL bounced off the 9 EMA today, I think that move might be a warning sign. I would continue to monitor it, especially on an intra day chart, you might get a second opportunity.
below I said be on
Posted by matt on 21st of Jan 2020 at 12:23 pm
below I said be on the look out for a lower high on PALL, here's a 5 min, when I posted that it was around 225, fell to 221,