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Platinum / U.S. Dollar

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XPTUSD trade ideas

PLATINUM Strong rebound on the 1D MA200.We got a perfect bottom buy entry on Platinum (XPTUSD) last time we analyzed it (August 30, see chart below), with the price already halfway to our 1090 Target: As you can see, the price action is almost a perfect mirror image of September - December 2023. Now that the price has confirmed the new Bullish Leg with a strong rebound on the 1D MA50 - 1D MA200 zone (blue and orange trend-lines respectively), we can expect it to complete the pattern and complete a +20.86% rise, right where our 1090 Target is. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XPTUSDLong
by TradingShot
PLATINUM - Short Term Whipsaw TradeThese upper wicked candles (red arrows) have my attention and notice that they make a slightly higher high whereas the RSI makes a slightly lower high. I have the RSI source set to "high" so that the upper wicks are recorded. And also a slightly higher high is often Wyckoff liquidity tapping. Then check the fib retracement and notice that this is all happening at the 0.786 overshoot ratio. This is an ideal ratio because any higher and then I know the probability of a slump dwindles. So this is quite a nice setup here I think. In higher time frame I am bullish Platinum. But these coiling whipsaws have been going on a very long time so I would be somewhat unlucky if this is leading to a breakout here. And the wicked candles are signalling this is a point of resistance. ... So a very short term trade here. Notice that on the 4 hour chart, every pivot low has been caught by the lower Bollinger Band. That will be my target. I will aim slightly higher than the lower band because it is rising @ $973. Sometimes these trends do move above the 0.786 but anything above around 0.81 generally signals a full retracement will occur ( and so invalidate the trade)... But even with the stop level as high as 0.84 ratio @$1006, this is still a 3:1 RR trade. So this is what I'll go with. A 3:1 trade TP: $973. SL: $1006 👍. Not advice
TVC:PLATINUMShort
by dRends35
Platinum In Neutral AreaHi there In the platinum setup, the price could break above or below the trendlines. If it moves above the daily purple trendline, the outlook will be more bullish; conversely, if it falls below the blue trendline, the sentiment will be more bearish. A break below the weekly trendline would indicate a shift to a bearish trend. This is a nice set-and-forget type of setup/strategy tip. When you receive an alert, you can gauge how market participants may be feeling about the market. However, always apply risk assessment before entering a trade. Happy Trading, K.
CAPITALCOM:PLATINUMShort
by Khiwe
1
Platinum: Little Consolidation (Wave 4); Golden RatioWe can see a very well defined cycle, and wave 1 to 3 already created. This new cycle could be a consolidation, the price can drop to 14,6% or 23,6% level. Or even in the middle between 38,2% and 23,6%, where other wicks has already touched, creating a support, where can also occur the last candle of Wave 4. Open interest in NYMEX:PL1! is falling and the major trend rising, it can occur a reverse, and this reverse will be the Wave 4. RSI left the Overbought level, followed by a failure swing, resulting in continued decline of the indicator. After the peak $1,016.45, ADX is losing strength while DMI+ has a high probability of changing position with DMI-.
CAPITALCOM:PLATINUM
by AFCapital21
XPTAUS Buy PositionAnalysis: - Broke previous high at 980.00 (indicating uptrend) - Broke the (correction) trend line after 4 touches. Trade Setup: - Entry Point: 988.00 - 990.00 (trendline breakout) - Stop Loss: 962.50 and trail the line. - Take Profit: Exit upon candle closing under the trendline / reachs 1060.00 (1.618 Fibo) Disclaimer: This journal is for personal purposes only. Trading involves risk; always do your research and consider your financial situation before making any trades.
OANDA:XPTUSDLong
by Phoenix-Rise-Trade
XPT Sell at trendline rejectionAnalysis: - Trendline: Down trend - Strong resistance at the trendline; Engulfing after touching the trend for 3/4th time. Trade Setup: - Entry Point: 983.700 (waiting for trendline breakout) - Stop Loss: 990.000 - 991.000 - Take Profit: Exit upon break below the trendline / 900.000 ( previous low ) Disclaimer: This journal is for personal educational purposes only. Trading involves risk; always do your own research and consider your financial situation before making any trades.
OANDA:XPTUSDShort
by Phoenix-Rise-Trade
Learning Tory's Trade Trading Plan: XPTUSD Trendline BreakoutCurrent Status: - Trendline Touches: 4 touches confirmed - Analysis: Strong resistance at the trendline; monitoring for trendline breakout. Trade Setup: - Entry Point: 975.250 (waiting for trendline breakout) - Stop Loss: 993.800 - Take Profit: Exit upon break below the trendline Disclaimer: This journal is for personal educational purposes only. Trading involves risk; always do your own research and consider your financial situation before making any trades.
OANDA:XPTUSDShort
by Phoenix-Rise-Trade
Platinum 1D 23.09.20241. Platinum is for months in symetrical triangle pattern (red) There was one atempt of getting out of the pattern but the price got back to the old trend (dashed red) 2. There are 2 support zones in blue. As the lower one is below the red line i am expecting that price will respect the upper blue support zone 3.The price currently broke the upper trendline and is getting closer to the blue support zone 4. There is also a lower thick trendline from which the price broke couple days ago - also expecting the price to get back to this trendline and use it a a support 5. the blue channel is being slowly created Entry: The yellow rectangle is my enty zone TP: TP i am setting at the intersection of ted trendline and blue channel - also the price has a round number 1050 SL: SL I am setting under the red trendline and resistance zone (the resistance zone coould be even bigger but I want to minimalise the loss, so at the moment when the red trendline will not be respected, after giving some small margin below, I am willling to close the postition
TVC:PLATINUMLong
by WiolaTrades
2
PLATINUM — Major Wave Up Can Start SoonWhile the dollar is rapidly losing its value and all other markets are going crazy, platinum, a wonderful precious metal with unique properties, one of the rarest elements on Earth, is still trading at 2004-2005 price levels. Is it a good buying opportunity right now? Let's see. The move from 1998 to 2008 is clearly a major impulse wave. Judging from gold's perspective it can actually be a wave III, but I'll label it as I for now as it doesn't matter at the moment. Here's a price history chart starting at the end of the 19th century if you want to see the big picture: sdbullion.com . The period from 2008 to 2020 is an ABC correction and the COVID crash was the end of the macro corrective wave touching price levels between 0.618 and 0.786 retracements from 2008 highs. Monthly candle close was just above 0.618 in fact. EDIT: forgot to include fibs, see here: The next move in 2021 looks like a typical wave 1 and can be the first subwave of the next higher degree wave. A wave 2 correction then followed and price action confirmed support at the $900 zone. Which means the next wave up can be just around the corner! Platinum is also hugely underpriced when compared to gold and the GOLD/PLATINUM ratio is showing bearish signs as I discussed in this idea: And with prices still so low considering inflation it is likely that downside potential for platinum is quite limited. This all makes platinum a low-risk investment and in my opinion it's a good idea to dedicate some portion of capital to this great metal. One way to get exposure is to buy ETFs like PPLT and PLTM. These are not very liquid instruments and not very suitable for short-term trading but will work for longer term investments. If you want some additional confirmation, you can wait for breakout of this trend line:
TVC:PLATINUMLong
by function_mechanic
Coping Strategies for Dealing with Losing TradesIn trading, one of the greatest challenges isn't just the technical analysis, financial expertise, or market knowledge—it's psychology. Loss aversion, a well-known concept in behavioral economics, can distort decision-making and lead to poor trading outcomes. This psychological bias, where the pain of losses or being wrong weighs more heavily than the joy of equivalent gains, can lead traders to hold onto losing trades longer than necessary, refuse to cut losses or execute damage control, or even double down in an attempt to recover. 1️⃣ Understanding Loss Aversion as a Bias The first step to overcoming loss aversion is recognizing it as a psychological bias. Loss aversion is the tendency to fear losses more than we value equivalent gains. Daniel Kahneman and Amos Tversky’s prospect theory demonstrated this powerful force, where losses impact our emotional state more than potential rewards. For traders, this means the agony of a $100 loss feels much worse than the thrill of a $100 gain. I always remind myself that this bias isn't about market logic—it's about human emotion. Knowing that loss aversion clouds judgment helps me avoid irrational decisions, such as holding onto a bad trade with the hope of recovery. It’s not about ignoring the emotional side of trading but recognizing it as part of the process. 2️⃣ Set Pre-Defined Risk Limits One of the most effective ways to handle loss aversion is through setting pre-defined risk limits. Before entering any trade, I always determine the maximum amount I’m willing to sustain in drawdown. By setting these boundaries in advance, it ensures that I don’t make emotional decisions once I’m in the heat of a trade. Knowing the exact risk exposure before entering a position helps balance rational decision-making and prevents the emotional spiral of “hoping” the market will turn. 3️⃣ Reframe Losses as Learning Experiences Reframing is a mental strategy that can turn loss aversion into an advantage. Instead of focusing purely on the financial loss, I always saw closing out of the money positions as learning opportunities. Each close provided valuable insight into my damage control strategy, market conditions, or my own psychology. For example, when I went through a very rough damage control cycle early in my career, instead of simply being discouraged, I asked myself: What could I have done better? Was I trading against the market trend? Was I over trading? By reframing, I’m able to evaluate mistakes constructively rather than emotionally, making me a better trader in the long run. 4️⃣ Focus on Long-Term Performance, Not Single Trades Loss aversion often arises when traders zoom in on individual trades rather than seeing their performance over time. The reality is that not every trade will be profitable when using stop losses, and accepting this fact is crucial. You should aim to focus on your long-term performance and overall risk management instead of dwelling on short-term losses. For instance, I’ve had days when nothing seemed to go right, with nothing moving in my prefered direction. However, by taking a step back and reviewing my entire portfolio over a period of months, I was able to see a consistent upward trend, even with occasional lulls. This long-term view shifts my mindset from obsessing over individual positions to managing an overall edge-based winning strategy. 5️⃣ Use a Journaling Process to Document Emotional Reactions Keeping a trading journal has been one of my most effective tools for managing the psychological challenges of trading, especially at the beiginning of my journey. In this journal, I didn't just record the technical details of each trade; I also document my emotions. Did I feel fear, anxiety, or frustration during the trade? Did I act out of emotion rather than analysis? Reflecting on these emotional reactions helped me pinpoint when and how loss aversion influenced my decisions. Over time, I’ve been able to identify patterns, such as when I’m more prone to emotional decisions. Acknowledging these triggers helped me manage them more effectively, improving both my emotional regulation and trading performance. 6️⃣ Develop a “Letting Go” Mindset One of the hardest lessons I’ve had to learn as a trader is how to let go of a bad trade. Loss aversion makes us want to “win” back what we lost, but in the world of trading, this mindset can lead to even more devastating losses. Instead of letting the emotional toll of the setback dictate my next move, I practiced the art of detachment. One strategy I use is to treat each trade as an isolated event. Whether the outcome is positive or less desirable, it’s essential to accept it and move on without carrying the emotional baggage into the next trade. This doesn’t mean ignoring my losses or drawdown but instead recognizing them as part of the journey and not defining my success as a trader. Letting go allows me to maintain a clear head and stick to my trading plan without being swayed by emotions. 7️⃣ Diversify Your Portfolio to Spread Risk A diversified portfolio is a great way to mitigate the emotional impact of loss aversion. By spreading investments across different asset classes—such as forex, commodities, and indices—I can minimize the potential for any single trade or market to ruin my portfolio. For example, in the recent market turmoil, having exposure to multiple currencies and commodities helped balance drawdown in one area with gains in another. This diversification ensures that my overall risk exposure is lower, reducing the psychological pressure of individual losses. It allows me to approach each trade with a more objective mindset, as the stakes of any single position are less impactful on my overall financial well-being. The psychology of loss aversion can be a significant hurdle for traders, but by employing these strategies, it’s possible to mitigate its effects and make better, more rational decisions. Losses and drawdown are part of trading, but how we respond to them is what separates successful traders from the rest.
TVC:PLATINUMEducation
by AlexSoro
1