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 Replies: 154 / Views: 31,270 |
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Rest in Peace
United States
2668 Posts |
Quote:
I love the absolute silence here. apathetic sentiment We're listening, many people here do not like to advertise their moves. Others are, well, coin collectors.  |
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Pillar of the Community
United States
2023 Posts |
I'm listening, too. I just don't like to participate in threads where the prevailing attitude is "see you suckers".
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Pillar of the Community
 United States
3789 Posts |
oh well, growing a thick skin is a good thing.
anyways, putting attention to price-
as we had mentioned here and all of us should be able to easily spot, Palladium is pulling back, again and as it does each time.
I am looking for more downside here, no need to panic however. PALL holders, look to see if it is coming into one trend line around the 75ish area before getting some traction. The pattern as of late on these pull backs is to stay above each pull back, so you will notice thus far, each pull back has not re-tested the previous lows.
SO far, Palladium is the dark horse, even with the pull back this week, its up just shy of 17% on the year. Whereas gold and silver are close to give up their yearly gains, Palladium is hanging tough.
we will continue to monitor this closely.
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Pillar of the Community
United States
5832 Posts |
Got out of it Monday quick!
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Pillar of the Community
United States
3789 Posts |
trendline bounce and moving to HOD, low risk entry point here on Palladium or if you wish PALL.
if you buy today, assign yourself a 1-2 point on your entry.
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Pillar of the Community
United States
5832 Posts |
A lot of volatility makes me just want to stand on the side line. I am a infrequent trader at best, missed the entry early today.
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Pillar of the Community
United States
3789 Posts |
sorry to hear that Mac :( Buying was acceptable yesterday as it bounced off a trend line with the reversal. Maybe next time.
For now, Palladium continues to bounce off a trend line and still exhibiting the same pattern.
When this trend fizzles out, I have no idea no clue,, I have no price target (I never set price targets) and I will continue to do is trade this pattern until it changes its behavior.
Hope to throw a chart up on PALL so I show you what I am seeing and perhaps you can see also.
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Pillar of the Community
Canada
1051 Posts |
"Yup" are you the same cheerleader that started endless threads about Pd ETF trading on a well known gold forum years back? "Kookoo for Kooks" I think you used to always say, as you had a particular penchant for Kookaburras? I can't believe that your A.D.D. posting style and general lack of punctuation/capitalization is coincidental.
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Pillar of the Community
United States
3789 Posts |
nope, not me, I am not a cheerleader of anything, I follow trends and price as a trader, doesn't matter if it goes up or down. As far as grammar issues and the like, hasnt stopped me from being a profitable trader, if you dont like it, dont read and follow what I say.
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Pillar of the Community
United States
3789 Posts |
continues to follow the script here, pulled back into the trend line, 2 day bounce then pulled back. so far, same pattern as before.
price action remains strongest of the PMs
Edited by yup7676
05/08/2017 9:07 pm
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Pillar of the Community
United States
3789 Posts |
note the change in tone here in Palladium, as expressed in price,coming back to the trend line, after 3 times in the past repeatedly bouncing off it and not re-tracing to it,, this time it has.
this could be a subtle warning in price that the trend is starting to change.
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Pillar of the Community
United States
3789 Posts |
Palladium continues to keep testing a trendline it has bounced from. The main issue with that is, while it can hold, the more it keeps touching that area, coming back down into it, it increases the probabilities that price will break downward.
we certainly are seeing a change in tone in palladium which might be signaling the run higher is over for now.
let us see if that trendline can hold.
allow price to show the way.
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Pillar of the Community
United States
3789 Posts |
very ugly reversal in Palladium, you can also see that trend line was punctured today.
Little by little, Palladium is giving signs that its move up from the past few months is starting to stall out.
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Pillar of the Community
United States
3789 Posts |
Palladium has fallen into yet another trend line, this one might be an area for a bounce, trend line goes back to 6/16.
and yes... still in an uptrend despite the pull back we have seen.
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Valued Member
126 Posts |
PPLT is basically in the same formation as Gold GLD and Silver SLV
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Replies: 154 / Views: 31,270 |
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Posted 05/01/2017 2:57 pm
