20 Apr, 2017 - Trade idea: Long Crude after healthy correction

Crude oil inventories dropped 1mil barels last week according to EIA and are close to the upper band of the average this time of the year. However Gasoline inventories increased 1.5mil barels and are close to upper limit of the average range too. This may offset the expected increase in refinery demand and as a result we saw an intesive market reaction yesterday. Overnight the prices were pushed back to the support zone $50-52 which seems to be a great opportunity to buy. We were waiting for this correction for some time as the technical picture was pointing to the upside. Check Weekly Commodity from previous weeks: http://landoftrading.blogspot.cz/search/label/Weekly%20Commodity

ENTRY 2 units somewhere btw $50.50 - $50.90

Stop 49.35  (risk in the range of $1.15-$1.55)

Unit 1 Profit Target:  $54.80 /RR 3.7- 2.5/  =  if hit move stop to entry

Unit 2 Profit Target:   $56.80 /RR 5.4 – 3.8/

Why to buy? Well medium term there are three main factors you should see fundamentally

1. Still in the middle of the season of increased refinery demand
2. OPEC meeting is scheduled for May25 and where an extention of production cut is expected to be agreed
3. Geopolitical risks in Syria

What is the main risk. The increase in US production could offset production cut. 

Good Luck and remember to watch your risk and be consistent

Mr. Tech Man

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. 

Contact: landoftradingATgmailDOTcom, Blog: landoftrading.blogspot.com

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Jan 16, 2017 - Trade idea UPDATE 1: Corn Wheat buy orders on rebalancing

The corn and wheat prices didn't react much on the index fund rebalancing as we expected but after the bullish WASDE report we could see some buying. Our buy limit order in Wheat was executed and also stoped out quickly while Stop Buy in Corn is still working. 

According to COT report, managed money cut net short ahead of the report in Corn by 36% and Wheat by 30% therefore we decided to keep the Stop buy in corn wroking for one more week. 

The original Trade idea you can find here 

Good Luck and remember to watch your risk and be consistent

Mr. Tech Man

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. 

Contact: landoftradingATgmailDOTcom, Blog: landoftrading.blogspot.com

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Jan 9, 2017 - Trade Idea: Index rebalancing may cause bounce in Corn and Wheat prices

We are ahead of Commodity Index rebalancing next week. During this process Commodity Index funds adjust their portfolios to those indices they follow which often results in buying the worse performing commodities and selling the high performers. Corn and Wheat as they were among the worst performers last year could probably benefit short term from this reweighting exercise despite the gloomy outlook for the coming year. So let’s look at the technical picture.

Corn

After the correction in the uptrend Corn created a higher low last month with an inverse head and shoulder pattern. Breaking above the last high would also mean completing the bullish flag pattern. So how to trade this? I usually trade 2 units of everything, the reason is simple. I like to take partial profits and move my stop loss to my entry minimising risk of loss.

ENTRY

Stop Limit Buy March contract above last high: stop at 363 and stop limit at 363.25

PROTECTIVE STOP

Both units at 352

TIME STOP

1st unit: end of week

2nd unit: 3 weeks

PROFIT TARGETS

1st PT at 383 and moving the second stop to entry

2nd PT at 398  

Wheat

After a really bad year it seems that the prices of wheat bottomed out. But high ending stocks and high yields are indicating that will have the wait for the return of bulls and rather a sideway trend is expected for this year. However short term bounce is still possible and as the double bottom on the chart below shows we have a pretty good chance to catch a part of it.

ENTRY

The entry would be rather conservative and I will wait with the buy until the price retest the neckline of the pattern with 2 units Limit to Buy at 420.75

PROTECTIVE STOP

Initial stop loss will be at 414

TIME STOP

1st unit 1 week

2nd unit 3 weeks

PROFIT TARGET

1st unit 445 (October high and Double bottom distance from neck line) moving stop to entry

2nd unit 455 (Summer consolidation)

Summary:

In both cases the main short term drivers are the Index rebalancing and Technical patterns, both pointing to the same direction. After the first week we close 1 unit from each moving our stop to entry. 

I didn't mention in the article the WASDE report scheduled to be released by USDA on Thursday, 12th January. While this could be a market mover, the expected buying by the index funds will not be affected much by the report as the rebalancing was decided already. Still, keep an eye on it and if you are close to target before the release, you may consider closing position to avoid any bad surprise.

Keep in mind that however nice a set up looks like, you should always watch your risk. You should never forget to check your money management rules before placing a trade and adjust position size to your maximum acceptable risk. If futures are too big, try to trade CFDs with smaler notional to trade fraction of the futures. Your loss could be higher if the market gaps below your stop, so be careful if you decide to trade these ideas.

Good luck and remember to watch your risk and be consistent

Mr. Tech Man

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. 

Contact: landoftradingATgmailDOTcom, Blog: landoftrading.blogspot.com

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Dec 11, 2016 - (Trade Idea) MXNJPY as our 2017 TOP TRADE

Hi,

For many of us it is the time to start to think about upcoming 2017. I went through few charts (weekly, monthly...etc.) and would like to share a view of more investment than trading view of MXNJPY from long side. There is more to come but let's check this on first.

What is the point?

1. I do believe that MXN sell off (mostly related to Trump victory) is well overdone
2. I think the new US president does not want to destroy neighbours and it is mostly a media case for him to have something to talk about
3. Interest rate differential
4. JPY sell off just started
5. Carry Trade

Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmailDOTcom.


Happy Trading

Mr Price Action




DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmailDOTcom

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Dec 14, 2016 - (Trade Idea) USDPLN higher twds 5 and 5,60 in 2017 ( wait for pullback )

Hi,

When you don't have an idea how to fix the economic problems in your country but desperately hoping for running a government, then populism comes into play. The thing is that you can be seen by general public as "Mr Fix it" but the markets will tell you the true story anyway. And that is what we do expect will happen in Poland in 2017.

The PiS (ruling party in Poland) does not have any idea what to do and how to run the country, so what they can do at best is to make a lot of noise around trying to avoid discussion about the economy. And so far it works...

My conspiracy theory is saying that is the invitation for speculators (sure, then you can blame them for everything lol).

As you know we are sceptical about Polish economy and we correctly predicted PLN weaknes vs CHF here, here and here. As we are only 25% short PLN of the original size (vs CHF) we are patiently waiting for USDPLN correction to have a chance to rebuild PLN short position .

We do expect further PLN weaknes in 2017 (technical analysis support our view as well).

Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmailDOTcom.


Happy Trading

Mr Price Action




DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmailDOTcom

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Nov 21, 2016 - UPDATE: (Trade Idea) EURGBP is testing possible demand on daily....buying some

Nov 22, 2016
Hi,
we took partial profit on EURGBP here @ 8545, stop has been moved to entry level...

Join Us again next week - click here

------------------------------------------------------
Hi,

As you are aware for sometime we were intraday sellers of this cross: above 0.90, as well as on the break of 0.8870/60 and we were doing good ( mostly we informed about our moves via Twitter here or we were discussing it during our Free Live Trading Room please check here ).

Finally we hit possible demand zones based on daily and intraday charts and last week during our Free Live Trading Room we switched to buy dips and we have called first long based on a false break ( again details are available on our Twitter account and YouTube channel).

Again, a little bit earlier today ( via Twitter ) we took another long @ 0.8497 with stop offer @ 0.8467 and open target, risking 0.25% - please check all details below:

Info via Twitter:

EURGBP Daily Chart:

EURGBP 30 min:

Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmailDOTcom.


Happy Trading

Mr Price Action



DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmailDOTcom

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Nov 16, 2016 - UPDATE 2 and 3 (Trade Idea) AUDCAD: Is it time to get back towards parity ? Taking proft here... 1,0045/50

Hi,

another quick update: We are taking proft here... 1,0045/50 because of the reversal from 1,0025 area...

Great Trade !

See you in Trading Room

Hi,

this is short update: AUDCAD short, remaining 50% - stop has been moved lower to 1,0240

Good Luck

From 11th November:

Hi,

this is quick update to our short AUDCAD Trade Idea.

Market hit our entry zone and just few hours later we are able to grab 100+ pips ( partial close via Twitter, please check below ).

This year Santa came earlier :) ( few hours earlier we informed that price of Copper hit our second target :) )

Original Trade Idea from Nov 7, 2016 here or below:

Hi,
AUDCAD today and I think the weekly chart below is telling the whole story.


As seller I'm looking for two possible scenarios:

1. I'm looking to sell rallies itto 1,0350/0400 zone based on measured move visible on the chart with stop bid @ 1,0470 and target @ 1,00 - risking only 0,25%

2. I will sell rallies towards 1,0550 ( and higher ) with stop bid @ 1,0759 and targeting 1,00 and 0,91 - this time I'm going to risk 1%

NOTE: As it's med/long term idea we have to remember that swaps are against Us !

Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmailDOTcom.

Mr Price Action

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice.

All rights reserved ©2016 www.landoftrading.com Contact: landoftradingATgmailDOTcom

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Nov 11, 2016 - UPDATE (Trade Idea) AUDCAD: Is it time to get back towards parity ? Santa came earlier this year :)

Hi,

this is quick update to our short AUDCAD Trade Idea.

Market hit our entry zone and just few hours later we are able to grab 100+ pips ( partial close via Twitter, please check below ).

This year Santa came earlier :) ( few hours earlier we informed that price of Copper hit our second target :) )

Original Trade Idea from Nov 7, 2016 here or below:

Hi,
AUDCAD today and I think the weekly chart below is telling the whole story.


As seller I'm looking for two possible scenarios:

1. I'm looking to sell rallies itto 1,0350/0400 zone based on measured move visible on the chart with stop bid @ 1,0470 and target @ 1,00 - risking only 0,25%

2. I will sell rallies towards 1,0550 ( and higher ) with stop bid @ 1,0759 and targeting 1,00 and 0,91 - this time I'm going to risk 1%

NOTE: As it's med/long term idea we have to remember that swaps are against Us !

Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmailDOTcom.

Mr Price Action

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice.

All rights reserved ©2016 www.landoftrading.com Contact: landoftradingATgmailDOTcom

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Nov 7, 2016 - (Trade Idea) AUDCAD: Is it time to get back towards parity ?

Hi,
AUDCAD today and I think the weekly chart below is telling the whole story.

As seller I'm looking for two possible scenarios:

1. I'm looking to sell rallies itto 1,0350/0400 zone based on measured move visible on the chart with stop bid @ 1,0470 and target @ 1,00 - risking only 0,25%

2. I will sell rallies towards 1,0550 ( and higher ) with stop bid @ 1,0759 and targeting 1,00 and 0,91 - this time I'm going to risk 1%

NOTE: As it's med/long term idea we have to remember that swaps are against Us !

Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmailDOTcom.

Mr Price Action

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice.

All rights reserved ©2016 www.landoftrading.com Contact: landoftradingATgmailDOTcom

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(Update) Sep 30, 2016 - (Forex) Trade Idea - GBPCHF: ... if not here and now, then where and when ?

Hi,
we are long GBPCHF from 1,2520 ( all details available here ) and we are moving our stop loss order  higher to entry level ...

Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmailDOTcom.

Happy Trading

Mr Price Action

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmail.com

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Sep 26, 2016 - (Forex) Trade Idea - GBPCHF: ... if not here and now, then where and when ?

GBPCHF - daily: based on what we see on the chart we do believe that it's accumulation phase and we may see strong rally above 1,30 very soon ( especially that R?R is on our side )

So, we are buying here at 1,2520 ( risk 0,25% ) and we would like to add right below 1,24 ( risk 0,25% ) with stop 1,2290. target is open for now. GL

Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmailDOTcom.

Happy Trading

Mr Price Action

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmail.com

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Aug 30, 2016 - Intraday Trade Idea: GOLD ( XAUUSD ) buying dips...

GOLD ( XAUUSD ) - Intraday: any buyers around ? If yes, I think that's the moment to try longs below 1213 with stop below 1210, targeting 1319/22 area. Tiny risk of 0,25% Good Luck!

Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmail.com.

Happy Trading

Mr Price Action

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmail.com

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Aug 24, 2016 - (Trade Idea) Forex: AUDNZD - we are buying this dip

AUDNZD Daily chart is telling the whole story, please check the note on the chart for entry, stop and target levels as well as risk we want to take...

Good Luck

Mr Price Action

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmail.com

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(Trade Idea) SP500 Futures... Intraday: Looking to sell again (UPDATED)

UPDATE: CANCELLED, missed entry.

SP500 Futures - we saw pre-market rally above 2175 and profit taking since then. Again, we are not trying to catch the top, just following intraday chart ( please check below ). Above today's high 2200 possible.

Intraday Trade Idea ( VALID ONLY AFTER US OPEN ): Limit to sell 2174, stop 2179, TP1 2159, TP2 Open, Risk:0,25%

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmail.com

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(Trade Idea) SP500 Futures... selling some (UPDATE)

UPDATE:
FOMC, BOJ and US GDP + end of the month flow, we would like to avoid any rallies...

Scenario 1: move stop to entry

Scenario 2: close short from the lowest level, for second position move stop to entry, for third secure 2poits with stop profit...

Good Luck


SP500 FUT - we are looking to sell intraday: there are few possible scenarios, please check below:

SCENARIO 1: selling at current market price with a bit wider stop above 2176, once we hit 2147 we would move stop to entry level, first target 2134/2132

SCENARIO 2: will divide original size by 3 and will sell: first one at market, second one on rally above todays pre-market high and with third one will wait for rally above 2170 and if done will sell return below that level, stop again above 2176

RISK: 0,25%, we are trading against overall trend !



DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading       teams view on past and current economic and capital market environment. It is not and shouldn´t been viewed   as an investment advice and the creator of this material shouldn´t been hold liable for any loss resulting from       action where despite this disclaimer someone would consider this  material  as an investment advice. 

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(Trade Idea) SP500 Futures... selling some

SP500 FUT - we are looking to sell intraday: there are few possible scenarios, please check below:

SCENARIO 1: selling at current market price with a bit wider stop above 2176, once we hit 2147 we would move stop to entry level, first target 2134/2132

SCENARIO 2: will divide original size by 3 and will sell: first one at market, second one on rally above todays pre-market high and with third one will wait for rally above 2170 and if done will sell return below that level, stop again above 2176

RISK: 0,25%, we are trading against overall trend !

SP 500 FUT 1h chart:

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading       teams view on past and current economic and capital market environment. It is not and shouldn´t been viewed   as an investment advice and the creator of this material shouldn´t been hold liable for any loss resulting from       action where despite this disclaimer someone would consider this  material  as an investment advice. 

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Trade Idea - TESLA short

There were several rather negative stories around Tesla recently and despite I´m a big fan of the company and its founder Elon Musk, currently the Technical picture also looks to the downside. The stock formed lower high (H2) on the weekly charts last summer followed by a lower low this February. From this low it recovered pretty rapidly after the release of the Model 3 however the momentum was enough to form another lower high (H3) in April from where it started to fall again. So the big picture says the downtrend was confirmed and last week a shooting star doji was completed which is a very powerful pattern especially if we check where it happened to appear - at the top of the descending trend channel on the daily chart. Let`s catch the wave!

The daily chart shows very similar picture as the weekly. The lower highs were followed by lower lows. Last week was full of signals the minor uptrend from the beginning of July is ready to make a U-turn however we waited until the weekly pattern is finished. Here is the overview:

Tuesday – Doji Shooting Star

Wednesday – Engulfing pattern with a low 220.29

Friday – retested low of the engulfing pattern and event the shares couldn`t close below the Wednesday min., it created a lower low at 219.64

Our bearish view  could be strengthened strengthened by the fact that while the shares closed lower the last three days, the US stockmarket closed higher making all time highs during the day. A potential overall correction of the overbought stocks may help to push the negative monentum further on Tesla. Given these facts our call is to short Tesla on Monday with the following parameters:

Entry:

Sell Stop Limit – stop 219.60 limit 219.45

Protective stop – exactly at the high of the last week 227.50, the market shouldn`t go so high again but if then be prepared to reentering the position. We will post an update if conditions allow repeated entry.

Target 1 -  at $190 just above the last low which will be likely tested if we are right with this call

Target 2 - at $170 which is $6 above the lower channel line.

The company will release earnings beginnignof August. If the figures would be worse than expected, the shares may retest also the lows from february around $142.

Few words about risk management:

Trading stocks means you may face huge gap risk (20-30%). Therefore you need to adjust your position size to this kind of reality: no leverage, the notional amount of the  trade shouldn`t be higher than 20% of your equity. Even the situation may look like a great opportunity, don`t be gready!

Watch your risk and be consistent!

Mr. TechMan

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading       teams view on past and current economic and capital market environment. It is not and shouldn´t been viewed   as an investment advice and the creator of this material shouldn´t been hold liable for any loss resulting from       action where despite this disclaimer someone would consider this  material  as an investment advice. 

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Live Market Coverage - Trade idea - Selling GBPUSD at market ( UPDATE 3 )

UPDATE 3:
23:10 GMT - market reached our final target at 1,3108, in total we booked +0,833 %


UPDATE 2:
15:31 GMT - close 50% here at 1,3188 and lower the target for remaining 50% 1,3108

UPDATE:
14:14 GMT - bulls are trying to keep 1,3220 alive, stop has been moved lower to entry


GBPUSD selling in market ( 1,3298 ), stop bid 1,3343, target 1,3165, risk 0,25% ( intraday trade, based on idea and chart from ydy Live Market Coverage ) GL

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading       teams view on past and current economic and capital market environment. It is not and shouldn´t been viewed   as an investment advice and the creator of this material shouldn´t been hold liable for any loss resulting from       action where despite this disclaimer someone would consider this  material  as an investment advice. 

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Live Market Coverage - Trade idea - Selling AUDUSD at market (UPDATE 3)

UPDATE 3:
01:32 GMT - short has been closed at entry level  0%

UPDATE 2:
0,7563 as first target ( going to close 50% if seen )

UPDATE:
19:44 GMT - stop has been moved lower to entry level

AUDUSD selling some here at market ( 0,7628 ), stop bid 0,7658, target open , risk 0,25%  ( that is intraday trade ) GL

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading       teams view on past and current economic and capital market environment. It is not and shouldn´t been viewed   as an investment advice and the creator of this material shouldn´t been hold liable for any loss resulting from       action where despite this disclaimer someone would consider this  material  as an investment advice. 

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Trade idea: Buy Platinum Gold Spread

The spread between Platinum and Gold closed the second consequent week tighter (max was 351$ now around $260)  and this was accompanied with increasing open interest in Platinum futures in NYMEX. It´s time to act as like we mentioned in our article last week there are fundamental reason to expect this spread to tighten or even Platinum to become more expensive than Gold. 

BUY 10 oz Platinum XPTUSD at market (currently @ 1,096.70$/oz)

SELL 10 oz Gold XAUUSD at market (Currently @ 1,355$/oz)

SPREAD is 1,355.00-1,096.70=$258.30

RISK: Partially your risk is hedge by the fact that you have long and short positions the same time. Therefore we don´t use stop orders however we need to follow manually the difference between the two metals. If it reached the all time high at 351 and closes 2 days above, we get out from the position and close it with a loss off app 940$. Position sizing is key to risk management in this point. Don´t get over leveraged. Remember you may need to hold the position for months maybe more than a year, to reach the last target and during this time you need space to trade something else.

PROFIT TARGET: We have 3 profit targets

For 5 oz: spread reaches 0$ (we move the stop to Entry

For next 3 oz: spread reached long time average at $184 (we move the stop to 0$ for the remaining 2 oz)

For the last 2oz: the target is the 2011 spread high 500$/oz

What else can you do:

• If you have +$100k or bigger account you , you may consider to buy 2 lots of Platinum futures (1lot=50oz) and sell 1 lot of Gold futures (1lot=100oz)
• If you have smaller account, you can use CFDs or FX crosses to buy few ounces of Platinum and simultaneously sell the same amount of Gold
• If you don’t have margin account you can buy Long Platinum ETFs and Short Gold ETFs, more on this you can find here

Technically Platinum showed strong momentum on Friday closing above $1100/oz while Gold bulls showed hesitation the second day even managed to close the week above 1358. Monday Gold chart indicated a possible change in trend momentum (engulfing pattern after an outside day) after reaching 2014 highs. 

Platinum is however far away from these levels. The Difference in momentum should be the key between these two metals. While we expect the Gold go more choppy, potenciall reaching $1,400/oz , Platinum still has a plenty of room to strengthen as its 2014 highs are at around $1,500/oz levels.

The risk is that the hesitation from gold market will be transferred to other precious metals and / or that the global uncertainty will not allow to Platinum to catch up with Golds momentum

I hope this helps, please let us know how did you applied the strategy and how did it work if you decided to trade it. Please like us on FB.

Don´t forget to watch you risk and be consistent

Mr. TechMan

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading       teams view on past and current economic and capital market environment. It is not and shouldn´t been viewed   as an investment advice and the creator of this material shouldn´t been hold liable for any loss resulting from       action where despite this disclaimer someone would consider this  material  as an investment advice. 

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