Platinum

Quote from Bitstream:

pl jan futs up .84% now.
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The move might not be over just yet, but if one was to enter here, I would consider it a late entry, money's been made already on ~11% upside, might get a pullback/reversal, IMHO too late.
 
Romik, this was an absolutely incredible call. In the face of the bearishness of the daily, you put your money on the line with the system that you are using and it is paying you huge dividends. Congratulations! What is your plan now for managing the trade. Will you let it ride here, use a stop (if so where), or buy protective puts? Way to go Romik!
 
By the way, I did see some discussion of the fundamentals here earlier. With all due respect to those folks, you have learned that the fundamentals are present in the technicals and so are not necessary for successful trading. Again Way to go!.
 
I will let it run for now, thanks :) Stop will be below reaction low, which I can't see right now, as the move has just occurred. I will attempt not to scale out in this trade, tough decision as weekly seems bearish to me.
 
Platinum Surges to Record ($1,345.50 an ounce) on ETF Speculation

Nov. 21 (Bloomberg) -- Platinum for immediate delivery jumped to a record amid speculation that an exchange-traded fund may be introduced, potentially boosting demand for the commodity...

Full article here
 
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