The average true range for palladium is something like 25
points. That is $2,500 on a single contract of palladium futures.
Trading it is not for small accounts, below $50K. One also must be
comfortable with momentum trading by adding contracts as it moves
higher.
Platinum is a lot cheaper and has more upside potential.
again all PPLT did was textbook by breakout over resistance last
week, then pulling back to re-test former resistance turned
support, if you recall I replied to a question early last week said
it would be a good buy PPLT pulled back to re-test that area and it
was
The breakout was also retested yesterday. Yet a break-out is not
strong enough to move higher. PPLT provides no leverage, so one
must have enough capital to buy it and hold it in order to make
some good money on the trade. IMHO, platinum futures are more
attractive although more complicated. I never trade futures only
based on the charts.
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Palladium making new highs, wow
Posted by racerick on 22nd of Jan 2020 at 11:02 am
Palladium making new highs, wow $10k move for if you owned 1 futures contract
The average true range for
Posted by junkie on 22nd of Jan 2020 at 11:41 am
The average true range for palladium is something like 25 points. That is $2,500 on a single contract of palladium futures. Trading it is not for small accounts, below $50K. One also must be comfortable with momentum trading by adding contracts as it moves higher.
Platinum is a lot cheaper and has more upside potential.
again all PPLT did was
Posted by matt on 22nd of Jan 2020 at 11:12 am
again all PPLT did was textbook by breakout over resistance last week, then pulling back to re-test former resistance turned support, if you recall I replied to a question early last week said it would be a good buy PPLT pulled back to re-test that area and it was
The breakout was also retested
Posted by junkie on 22nd of Jan 2020 at 11:51 am
The breakout was also retested yesterday. Yet a break-out is not strong enough to move higher. PPLT provides no leverage, so one must have enough capital to buy it and hold it in order to make some good money on the trade. IMHO, platinum futures are more attractive although more complicated. I never trade futures only based on the charts.