4 + 1 (Metals) strategy

Quoting MzansiObi

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{quote} Nah Bud, no rule of thumb, if the market is jittery and somewhat indecisive like its been past couple of days, i just try and bag some profit from it....and move on... I have had two loosing trades today so the primary prerogative becomes trying to recover those losses and then begin bagging some profit for the day,

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Quoting Junibifon

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{quote} Still waiting signals to Short. At least M15 rejection bar Update : Sell 1501

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Quoting SurfsUp

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{quote} Well, sold 50% for a win and moved SL on remainder to BE+. So, in positive zone today. Thanks for the feedback. Agreed, felt I should just bag some and keep going.

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Quoting ChopinTrader

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Goldhas taken off! Will it continue? It has broke out on good volume . Reverting back to to the averages again, if price holds support, my short term upside target is around 1630. If MACD turns around near zero it would help in propelling the price of gold to that next level. Look for confirmation of support and averages holding! Downside target would be around 1400 - 1360 if thesis is wrong. {image}

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Quoting MzansiObi

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Just zoomed out to see what larger time frames and bigger picture are showing, these take some time but i suppose its always good to get a guage of the bigger picture....shows impact of break lower on current Daily support at mid 1480's {image}

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Quoting Spirit4eva

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Who is in this current fall??

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Quoting MzansiObi

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{quote} Been pulling the hammer on all the rallies today.... close below 1498 would be very good for bears, couple of hours to go....

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Quoting Tragruel

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please allow me to share this, be gentle... haha Some triangles, RSI divergences and pattern on H4 Line graph (well because RSI is on close also) if this well formed triangle (right Shoulder) is a continuation pattern, it give strengh to your H&S pattern All the best... {image}

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Quoting Spirit4eva

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seems previous resistance holds after all

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Quoting Spirit4eva

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{quote} and that was actually D1 resistance turned support

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Quoting MzansiObi

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{quote} Agreed brother. Eventually it will need to take a direction.....do you recall the calm before the storm a few weeks months back before this rally.....that consolidation within a nothingness range finally gave way.....and when it did move, it moved.....

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