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4 + 1 (Metals) strategy

  • #2,621
  • Dec 12, 2019 8:43am Dec 12, 2019 8:43am
thank u Trump
  • #2,622
  • Dec 12, 2019 8:44am Dec 12, 2019 8:44am
Quoting BiteFX
{quote} Everyone gets hit bro...But, want us to stay alive. No blown out account, but growing over time.
Lol but of course bud.... it happens from time to time ....,but that stop level has serious bearish interest.....the sell off from there shows this
4&1 All Time Profit: $37,496
  • #2,623
  • Dec 12, 2019 8:45am Dec 12, 2019 8:45am
Quoting MzansiObi
{quote} Stops got taken out on that short....will wait for the daily close for guidance....above 1485, bad for bears......H1 buyers in the zone and money again.....two stop outs this week....let’s see how it goes
yes me too, difficult week so far, not easy trying to sell into this big Weekly green candle lol..
Last week high is doing the job !
  • #2,624
  • Dec 12, 2019 8:55am Dec 12, 2019 8:55am
Quoting MzansiObi
{quote} Lol but of course bud.... it happens from time to time ....,but that stop level has serious bearish interest.....the sell off from there shows this
Bro, that's my stop for any trade/position I open.
I fight up or down...I don't have sentiments in the war front.

We Stay Alive!
Learn... Work Hard... Trade Alone
  • #2,625
  • Dec 12, 2019 9:05am Dec 12, 2019 9:05am
Man that tweet
  • #2,626
  • Dec 12, 2019 9:16am Dec 12, 2019 9:16am
Quoting Tragruel
{quote} yes me too, difficult week so far, not easy trying to sell into this big Weekly green candle lol.. Last week high is doing the job !
Hang tight bud, we keep on at it.....

We have finally managed to get that m15 200 handle, lets see if price manages to stay below it to add onto the shorts....
D1 sell zone remains intact.....Just a thought....
Look at where price is currently relative to the intra day levels.....
4&1 All Time Profit: $37,496
  • #2,627
  • Dec 12, 2019 9:19am Dec 12, 2019 9:19am
MzansiObi, I studied Gold chart for three months plus night and day.
Here are my findings:
1. Gold respects levels support/resistance
2. Gold respects FIBO levels, drawn on the monthly time frame. They are stronger there. But I trade them on the H4 chart.
3. Position opened at these key levels with good money management hardly hit 2000 points(200pips)
4. If it does hit your stop loss , at that level is another entry that will recover your loss. This is not Martingale.

So, I swing gold up and down, I follow the "Big Money" to Stay Alive.
Learn... Work Hard... Trade Alone
  • #2,628
  • Dec 12, 2019 9:35am Dec 12, 2019 9:35am
Quoting BiteFX
MzansiObi, I studied Gold chart for three months plus night and day. Here are my findings: 1. Gold respects levels support/resistance 2. Gold respects FIBO levels, drawn on the monthly time frame. They are stronger there. But I trade them on the H4 chart. 3. Position opened at these key levels with good money management hardly hit 2000 points(200pips) 4. If it does hit your stop loss , at that level is another entry that will recover your loss. This is not Martingale. So, I swing gold up and down, I follow the "Big Money" to Stay Alive.
Bang on the money bud, agreed, when it comes to levels , one cant go wrong more so if the position size and trade management is in line with sound money management...
4&1 All Time Profit: $37,496
  • #2,629
  • Dec 12, 2019 9:40am Dec 12, 2019 9:40am
Quoting MzansiObi
{quote} Hang tight bud, we keep on at it..... We have finally managed to get that m15 200 handle, lets see if price manages to stay below it to add onto the shorts.... D1 sell zone remains intact.....Just a thought.... Look at where price is currently relative to the intra day levels.....
Trump delivered, pitty US data didn't!
  • #2,630
  • Dec 12, 2019 9:43am Dec 12, 2019 9:43am
Quoting LouiseZA
{quote} Trump delivered, pitty US data didn't!
Will look to load a short now here on the retest of the m15 200 handle(1470.66) Stops above the 1480 mark again


Lets see
4&1 All Time Profit: $37,496
  • #2,631
  • Dec 12, 2019 9:55am Dec 12, 2019 9:55am
Quoting MzansiObi
{quote} Will look to load a short now here on the retest of the m15 200 handle(1470.66) Stops above the 1480 mark again Lets see
That is the spirit of a fighter bro!
Never stay down!
Good on you.
Learn... Work Hard... Trade Alone
  • #2,632
  • Dec 12, 2019 10:02am Dec 12, 2019 10:02am
Quoting MzansiObi
{quote} Will look to load a short now here on the retest of the m15 200 handle(1470.66) Stops above the 1480 mark again Lets see
Not quite there but the continued close below the handle positive for bears, taken some off the table will adjust stops to Entry shortly , back to BE on the previous loss
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.rM15_LI.jpg Size: 726 KB
4&1 All Time Profit: $37,496
  • #2,633
  • Dec 12, 2019 10:03am Dec 12, 2019 10:03am
Quoting MzansiObi
{quote} Bang on the money bud, agreed, when it comes to levels , one cant go wrong more so if the position size and trade management is in line with sound money management...
From MR CANDLESTICK himself...Steve Nison
This summarizes my trading system.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20190928-082255.png Size: 529 KB
Learn... Work Hard... Trade Alone
  • #2,634
  • Dec 12, 2019 10:05am Dec 12, 2019 10:05am
Quoting BiteFX
{quote} That is the spirit of a fighter bro! Never stay down! Good on you.
Lol, Thanks bud.... i never take a loss personally Simply dust it off and re-evaluate and get back to it.....
4&1 All Time Profit: $37,496
  • #2,635
  • Dec 12, 2019 10:10am Dec 12, 2019 10:10am
Quoting BiteFX
MzansiObi, I studied Gold chart for three months plus night and day. Here are my findings: 1. Gold respects levels support/resistance 2. Gold respects FIBO levels, drawn on the monthly time frame. They are stronger there. But I trade them on the H4 chart. 3. Position opened at these key levels with good money management hardly hit 2000 points(200pips) 4. If it does hit your stop loss , at that level is another entry that will recover your loss. This is not Martingale. So, I swing gold up and down, I follow the "Big Money" to Stay Alive.
Same here for eight months but was not quite sure about the findings...thanks BiteFX for sharing your ideas...
  • #2,636
  • Dec 12, 2019 10:12am Dec 12, 2019 10:12am
Quoting MzansiObi
{quote} Not quite there but the continued close below the handle positive for bears, taken some off the table will adjust stops to Entry shortly , back to BE on the previous loss {image}
perfect entry, I must say I made some mistakes lately, not being enough confident in the system and myself and using market orders instead of limit orders at levels, I ended up buying high and selling low.... just printed a sticker to put on my monitor to remind me that lol
  • #2,637
  • Dec 12, 2019 10:29am Dec 12, 2019 10:29am
Quoting Rudrax
{quote} Same here for eight months but was not quite sure about the findings...thanks BiteFX for sharing your ideas...
You're welcome Rudrax...

We Stay Alive!
Learn... Work Hard... Trade Alone
  • #2,638
  • Dec 12, 2019 10:32am Dec 12, 2019 10:32am
Quoting Tragruel
{quote} perfect entry, I must say I made some mistakes lately, not being enough confident in the system and myself and using market orders instead of limit orders at levels, I ended up buying high and selling low.... just printed a sticker to put on my monitor to remind me that lol
Bro, may I suggest you a reading?
Trading in the zone by Mark Douglas.
If yes, PM me. If no, Stay Alive.
Learn... Work Hard... Trade Alone
  • #2,639
  • Dec 12, 2019 10:39am Dec 12, 2019 10:39am
Quoting BiteFX
{quote} Bro, may I suggest you a reading? Trading in the zone by Mark Douglas. If yes, PM me. If no, Stay Alive.
thx Bro, I have the pdf opened actually, just started but will continue reading it.
  • #2,640
  • Dec 12, 2019 10:43am Dec 12, 2019 10:43am
Quoting Tragruel
{quote} thx Bro, I have the pdf opened actually, just started but will continue reading it.
Oh o! Good on you...
Take it apart, Devour it...Your confidence in your trading system is needed during battle.
Not necessarily what the fundamentals says.
Learn... Work Hard... Trade Alone
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