PLATINUM - LONG

Platinum is approaching a 1.68 ext and a double bottom.
Time to begin looking for a long.....

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Here is our first attmpt at the LONG...

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Stop below the 1.272 ext

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Platinum has held it's own and we are in profit. As with silver and gold the daily reversed however not as aggressive in this case as we can keep the trade alive and monitor closely. Put your alerts on....

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I believe Gold and Silver is going lower before it finds buyers. If this is so Platinum would normally follow suit...
Monitor this market carefully... we may need to get out.
If it does continue to fall look for a bear flag and a double bottom before we look to go LONG again...

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We get out with small profits now. Look for the next opportunity.

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Perhaps we made a mistake and got out too early, being spooked out of the market!
Having said that we did not lose money and we are on the right side of the market.
The rest is dealing with our psychology....

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Well we found the right location.
One thing to keep in mind now. If this thing reverses there is now support back down!
If you stayed in the trade take your money and run!

enzenator

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enzenator