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.
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Matt, knowing you trade the
NICE call by me on weekend shorting Palladium!
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.