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MzansiObi replied Mar 19, 2020Will begin posting the new session(days) levesl shortly after the daily close in an effort to try and work on getting a clear outlook for the session closed and also where market sentiment is to better time our entries.... As such here goes 20 March ...
4 + 1 (Metals) strategy
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MzansiObi replied Mar 19, 2020Trying hard to identify reversal points due to the erratic behaviour of markets off late, so the best thing becomes to use our intra day levels as gradual targets when we in positions, the H1 was a sell zone all day as such targets to the downside ...
4 + 1 (Metals) strategy
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MzansiObi replied Mar 19, 2020All things considered, seeming more likely we may dip and break lower now, HnS structure has held up and daily close below the 200 MA again plus the H1had mainated it's zone throughout the day..... Wich time frame are you referring to when looking ...
4 + 1 (Metals) strategy
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MzansiObi replied Mar 19, 2020Let's have a look at the Daily Close. Bullish and above 25 would be great however the reality is that the daily range almost reached for now...
WTI Crude Oil Trading
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MzansiObi replied Mar 19, 2020Have begun loading some long term buys.. Couple of bullish H1 candles to get us going.... But thoughts are the bottom isn't in place yet till we get a bullish daily close..... But let's see....
WTI Crude Oil Trading
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MzansiObi replied Mar 19, 2020Update
ending short at 1496. SL at 1508. TP open let's see if we get that dip lower again.....4 + 1 (Metals) strategy
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MzansiObi replied Mar 19, 2020Magic!!!!! Let's see if it will play out, this range bound trading is forming multiple inside patterns the H1/has another inverse on the cards....looks like we may have to play it safe and wait for a breakout....
4 + 1 (Metals) strategy
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MzansiObi replied Mar 19, 202019 March 2020 The last post for the day highlighted gr importance of 1497 and how we needed to see price stay above it for bullish bounce, it rejected price and we gotour first daily close below the D1 200/MA handle, also the h1 has flippd bearish ...
4 + 1 (Metals) strategy
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MzansiObi replied Mar 18, 20201497 next challenge for current bullish attampt, above 1500 daily close becomes another check for bullish continuation ....let's see
4 + 1 (Metals) strategy
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MzansiObi replied Mar 18, 2020No worries bud here is that pattern was referring too, and as mentioned price failed to get above our m15 handle at point A, as such current price action has got prices retesting the lows again we did revise one if the downside levels and we can see ...
4 + 1 (Metals) strategy
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MzansiObi replied Mar 18, 2020The newly added on downside level has been tagged looking to see of there will be a bullish m15 candles around current levels.....
4 + 1 (Metals) strategy
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MzansiObi replied Mar 18, 2020Well spotted mate, and price is respecting that rejection remember we are already bearish as we have remained below the m15 200 handle so those lows may just get into the equation.
4 + 1 (Metals) strategy
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MzansiObi replied Mar 18, 2020Agreed as mentioned previously these intra day moves aren't of particular interest to me at the moment as the daily will be more telling in terms of where they will let it park off, let's wait for a bullish daily close and the begin adding me ...
WTI Crude Oil Trading
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MzansiObi replied Mar 18, 2020M15 200 rejecting the bull run. Adding 1486,75 as another downside level for today.... Price currently makin an inverse HnS on m15 if we get above the m15 200 and the 1486,7 handle holds as support we expose 1549 as an upside target..... Patience ...
4 + 1 (Metals) strategy
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MzansiObi replied Mar 18, 2020There was one more rejection level/target to the downside, H1 zone currently a mess in a sideways pattern currently crossing bullish and bearish but the H4 bears from this morning did get decent return from that push lower Les see if it can climb ...
4 + 1 (Metals) strategy
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MzansiObi replied Mar 18, 2020Lol, @ "nervous bear" Kwame, it has been consolidating for a fair bit just keep an eye on the daily open and closing levels.....I am not thinking of selling this thing at current levels if it does close below the $25 mark will just stay out and ...
WTI Crude Oil Trading
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MzansiObi replied Mar 18, 2020Agreed, Have currently got a buy trade running(in the red) hard stops on it sit at $25 mark..... So let's see......Even if we do spike lower than it, for me so long as the daily close remains above the $25 mark then I remain looking for bullish ...
WTI Crude Oil Trading
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MzansiObi replied Mar 18, 2020Maybe, let's see, the H1 pattern also forming new inverse HnS pattern.Widened range makes it NB to time our entries......
4 + 1 (Metals) strategy