Silver short term downtrendMarket structure show that Silver could be selling off further in the short term.
XPTUSD trade ideas
PLATINUM Technical Analysis.Weekly - Bullish - Price is above the trend-line (Grey)
Daily - Bullish - Price is above the trend-line (Blue)
4 hour - Bearish - Price is below the trend-line (Red)
30 mins - Bullish - Price is above the trend-line (Yellow)
I have opened one trade to the upside risking 2%.
This is not a financial advice just the way I trade and on how I’m see the markets.
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
ANTICIPATING TRADEAnalyzed XPTUSD by applying following trading strategy steps:-
1. Bearish trend
2. Bearish divergence
3. Double top bearish reversal pattern found in the end of bullish trend and before start of bearish trend
4. Anticipates a bearish trend, and initiated two trades with 1 % risk thru sell stop
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:
Lst wave down on Platinum?Hey it made a perfectly formed head an shoulder pattern and its going to its target. I still think we will go to the 850 level before we will enter the macro wave 3 heading to the 3000 level. Relax and see what will happen
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.
Platinum is about to skyrocket and soar by 20%!Platinum's insider was discovered!
He was last seen at it on March 7th of this year, and platinum prices have jumped by 20% since then!
Now, his target price is between $1100 and $1200 , representing a greater than 20% increase. There's some significant momentum going on there.
We are keeping a close eye on it.
XPTUSD: Bullish Bias with a 62% Probability of TP SuccessThe platinum market is showing promising signs for bullish traders. Several key fundamentals are aligning with a positive outlook for platinum prices:
1. Industrial Demand: As the global economy continues to recover, the demand for platinum in various industries, including automotive catalytic converters and electronics, is expected to increase.
2. Green Energy Push: The growing focus on clean energy solutions, particularly hydrogen fuel cells, could boost platinum demand as it's a crucial component in these technologies.
3. Supply Constraints: Recent production issues in major platinum-producing countries may lead to tighter supply, potentially supporting higher prices.
4. Investment Appeal: With ongoing economic uncertainties, platinum's status as a precious metal makes it an attractive alternative investment option.
Given these bullish factors, I'm looking to enter long positions in XPTUSD. However, rather than rushing in, I'll be using probability-based strategies to time my entries.
Let’s dive into the charts and analyze the best entry points for this trade!
3M:
2W:
12H:
Feel free to let me know if you need any further changes or additions!
XPTUSD Analysis by NEOWave WayXPTUSD Analysis: A Deep Dive into Platinum's Price Dynamics
XPTUSD is the ticker symbol for platinum priced in US dollars. Platinum, like gold and silver, is a precious metal often used in jewelry, industrial applications, and investments. Its price is influenced by a complex interplay of factors, including supply and demand dynamics, economic conditions, and geopolitical events.
PLATINUM Strong buy opportunity at the bottom of the Channel Up.Platinum (XPTUSD) has been trading within a 1-year Channel Up pattern and on August 05 it priced the latest Higher Low on the pattern's bottom. Having already recovered the 1D MA50 (blue trend-line), we have a confirmed signal of the start of the new Bullish Leg.
The last two major rallies rose by at least +20.86% and as such, our long-term Target is 1090.
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Waiting for setup and signal to Short-Patinum
This is coming up guys. A short in platinum. It won't be a long trade, this will be a Short.
Plz read my Friday commentary below first to get a feel 4 today!
Precious metals particularly Gold are very strong today.
XPTUSD is bucking the trend and bearish as it wants to trigger this bearish H&S. It may play out very soon. I will send out an alert. It has already retested so a break of the neckline could mean a swift move down before it's price will snap back bullish and play catch up with Gold. So you could ride it both ways....down and up.
XPTUSD Strong buy on this 1W MA50 rebound.Our April 24 analysis (see chart below) on Platinum (XPTUSD) saw us struck Gold as we caught the exact Bullish Megaphone bottom which hit our 1060 Target:
The situation isn't all that different now as Platinum got close to those April levels, with last week's Low marginally breaking below the 1W MA50 (blue trend-line), managing however to close the candle above it.
This has been followed with a strong green 1W candle this week, which we expect to be the technical rebound towards at least Resistance 1 if not a new Higher High. Our Target is slightly lower than this at 1095.00.
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Platinum A Complex Equilibrium - Unraveling Market DynamicsThe platinum market is currently navigating a complex equilibrium shaped by a confluence of factors. A persistent supply deficit, driven largely by robust industrial demand, particularly from the automotive sector, has exerted upward pressure on prices. However, the specter of electric vehicle adoption, a long-term threat to platinum demand in the automotive catalyst market, introduces a countervailing force. This dynamic interplay between supply-demand fundamentals and technological disruption creates a challenging environment for market participants.
Moreover, the geopolitical landscape, particularly in South Africa, the dominant platinum producer, adds an additional layer of complexity. Labor unrest, infrastructure challenges, and broader political instability in the region can significantly impact supply and, consequently, prices. The broader global geopolitical environment also plays a role, as tensions between major world powers can create uncertainty and market volatility.
Despite these headwinds, the potential for inventory depletion and ongoing industrial demand suggest that the market may continue to exhibit bullish tendencies. Yet, the magnitude and timing of these bullish impulses will be contingent upon the evolving dynamics of supply, demand, and geopolitical risks. As such, market participants must adopt a nuanced perspective, carefully considering both the short-term and long-term implications of these interconnected factors.
Essentially, the platinum market is a complex system characterized by non-linear relationships and feedback loops. Understanding these intricacies is crucial for developing effective investment and trading strategies.
Final 5th wave???Well, if we just hold the last low there is a possible bullrun to finish the 5th wave. Lets see.
platinum to dump for a bit short termHello traders, I'm looking at platinum, and I see prices to melt down to $841 before we see the next big pump. Drop a like if you agree. Also follow for more ideas. Thanks
buy 1000 Pips !!!! Platinum to 1080Dear Trader,
i expect price from 930-950 will start upward movement to 1080
Dont Forget like Comment please !
Regards,
Alireza!
buying $platinum here $XPTUSD reasons:
61.8 fib retracement
look at Platinum/Silver chart
diverging on 4h and 1h
something that can be bought and forgot
Fatty Platty PattyPlatinum
Is it time, Sir?
bodl and hodl thx
Look, Sir, chart description must be satisfying some certain minimum character limit. Therefore I tell you, buy Sir, buy. Based on this one descending line, Sir. We are in breakout mode, Sir, with confluence of averages most beautiful, Sir. The time for acquiring shiney metal is coming, Sir. This is not financial advice, Sir.
First head and shoulders the cup and handleLooks like a head and shoulders is going to play out for the first wave. Then we shoud see a handle formed like a abc pattern touching the 0.5 fib. From here im all in. Trade save and use stoploss
Platinum In a Bearish BAT PatternPlatinum In a Bearish BAT Pattern
The price completed a big bearish BAT Pattern signaling a bigger correlation
during the coming days.
The Bat pattern is a harmonic pattern which indicates the possibility for a correction after the bullish trend.
The first support zone is found near 1006 and the second zone near 940
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Platinum analysisPlatinum update
We have to possible scenarios, first rebound from first supply zone, and go bearish to the target, or breakout upward and rebound from the second supply zone which considered an golden fibo zone between 50 and 61.8 percent to take short.
