IvanLabrie
Long

Palladium: Staging a rally from oversold

NYMEX:PAH2016   PALLADIUM FUTURES
10 months ago
Palladium             has a very interesting setup, I'm looking to enter longs in this instrument very soon.
If you can't trade palladium futures             , you can trade PALL, the etf . Try to keep risk at 1% per trade.
The entry would be a buy stop confirming the rally, for specifics about entry, stop and trade management contact me privately.
You can trade with your own strategy, if your analysis matches mine as well.
Good luck!

Cheers,
Ivan Labrie.
10 months ago
Trade active
10 months ago
Comment: This contract got first day notice yesterday, you'd have to move to April. This is the continuous contract chart:
snapshot

We're retesting the mode support. Take off might take a couple more days.
10 months ago
Comment: Failure to rally is a concern. I'll wait a bit more.
10 months ago
Comment: Good progress here, trail stop to entry, and safe to add on retrace perhaps.
10 months ago
Comment: You can close partially if you bought on retrace today.
Trail stop to the previous daily low.
10 months ago
Comment: Stopped out at our trailing stop location. Overall good profit. Now looks like it could break down.
Stay out until we get more clarity.
9 months ago
Comment: Slow grind up.
9 months ago
Trade closed: target reached: Target hit, I reccomended banking here.
9 months ago
Comment:
snapshot


We can reenter longs here.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
NickCoulby PRO
10 months ago
Very nice.. RgMov is excited!
+1 Reply
moorekapital PRO
10 months ago
What I like is this initial spike setup.
+1 Reply
moorekapital PRO moorekapital
10 months ago
With Swing stop at the very low, one can worry no more. Its either your're taken out on stop =which means, you were wrong. Or it works for you. But, the reward would be small from the start. But That's why we must add, when the trade works. If from this start point, and you begin to talk about putting tight stop and what not, then you're simply one who gets excited being taken out on trades often.
Reply
IvanLabrie TOP moorekapital
10 months ago
I wouldn't use a stop under the low here. The target isn't that big (and it's not the setup I'm looking at)
+1 Reply
moorekapital PRO IvanLabrie
10 months ago
Very well, that's how I would handle it. Im a bit conservative though ;)
Reply
moorekapital PRO moorekapital
10 months ago
Depending.....if the momentum becomes this strong, this seemingly high volume resistance up there, where you have your target could be toppled. I just love conservative stops cos it allows me to give the market a breathing space to do its thing. Tight stops, nice rewards, yes, but could be frustating , seeing losses in chains ;)
Reply
IvanLabrie TOP moorekapital
10 months ago
If I use a different stop I'm not using time at mode, hence, the setup.
Reply
moorekapital PRO IvanLabrie
10 months ago
You are right.
+1 Reply
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