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4 + 1 (Metals) strategy

  • #2,681
  • Edited 8:49am Dec 17, 2019 8:30am | Edited 8:49am
Quoting TudorIoan
{quote} Still there. Keep low your risk until Powell is gone from the picture! {image}
Technically still there.
I'll see D1 close way above 1475, I'll buy ...not until then.

Don't die. Keep your pants on!
Attached Image (click to enlarge)
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Member
  • #2,682
  • Dec 17, 2019 8:35am Dec 17, 2019 8:35am
Quoting TudorIoan
{quote} Technically still there. I'll see D1 close way above 1475, I'll buy ...not until then. Don't die. Keep your pants on! {image}
Agreed the daily close becomes all too important
Pending Short at that 1480 Upside Level.....the m5 HnS target achieved so to speak as such will look to ride the H1 setup thats still on the cards....price back above the m15 200 handle in line with the H1 buy zone may try push this thing back up again......so far 3 buy setups as per H1 buy zone today.....
4&1 All Time Profit: $37,496
  • #2,683
  • Dec 17, 2019 8:41am Dec 17, 2019 8:41am
Quoting MzansiObi
{quote} Agreed the daily close becomes all too important Pending Short at that 1480 Upside Level.....the m5 HnS target achieved so to speak as such will look to ride the H1 setup thats still on the cards....price back above the m15 200 handle in line with the H1 buy zone may try push this thing back up again......so far 3 buy setups as per H1 buy zone today.....
Yeap, daily close becomes important because 1475 seem pain in the arse resistance! Pretty much steady so far... more than 20 days!
Bull pressure, optimistic bull trend line ...might follow a bull break ...we'll see
Member
  • #2,684
  • Dec 17, 2019 9:15am Dec 17, 2019 9:15am
As a caution!...from November 12th 2019 till date on the H4 time frame, an ascending triangle chart pattern has been formed...Meaning a breakout is about to occur!
But, wait a minute, 1478.10 is a support in July 2011 now turned resistance in December 2019.
A lot of attempts has been made by the bulls to break through this level, but has always resulted in false breakouts.

Wow! Trading is war!

We Stay Alive this time.
Learn... Work Hard... Trade Alone
  • #2,685
  • Dec 17, 2019 10:07am Dec 17, 2019 10:07am
Quoting BiteFX
As a caution!...from November 12th 2019 till date on the H4 time frame, an ascending triangle chart pattern has been formed...Meaning a breakout is about to occur! But, wait a minute, 1478.10 is a support in July 2011 now turned resistance in December 2019. A lot of attempts has been made by the bulls to break through this level, but has always resulted in false breakouts. Wow! Trading is war! We Stay Alive this time.
Visual aid please bud.....
managed to get in long near that desired handle
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4&1 All Time Profit: $37,496
  • #2,686
  • Dec 17, 2019 10:11am Dec 17, 2019 10:11am
Quoting MzansiObi
{quote} Visual aid please bud..... managed to get in long near that desired handle {image}
well played
  • #2,687
  • Dec 17, 2019 10:34am Dec 17, 2019 10:34am
Quoting MzansiObi
{quote} Visual aid please bud..... managed to get in long near that desired handle {image}
Oh o! Here you go my brother. Sorry, I didn't post it before.
And stay Alive!
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Learn... Work Hard... Trade Alone
  • #2,688
  • Dec 17, 2019 10:40am Dec 17, 2019 10:40am
Quoting BiteFX
As a caution!...from November 12th 2019 till date on the H4 time frame, an ascending triangle chart pattern has been formed...Meaning a breakout is about to occur! But, wait a minute, 1478.10 is a support in July 2011 now turned resistance in December 2019. A lot of attempts has been made by the bulls to break through this level, but has always resulted in false breakouts. Wow! Trading is war! We Stay Alive this time.
Back up chart... Analysis only!
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Learn... Work Hard... Trade Alone
  • #2,689
  • Dec 17, 2019 10:48pm Dec 17, 2019 10:48pm
18/12/19


Daily close more or less near the previous daily close, the 1480 and 1473 range has remained intact for a couple of sessions now, as such will look to sell the high and buy the low, more so if they happen to coincide with the intra day levels..we need to remain patient till a clear break out in either direction ensues...

H1 is flat with a bearish bias while the D1 sell zone still intact but has also begun flattening out...will look to see what London open brings about and follow leading up to the NY open....
H4 Buy Zone is the only zone that is clearly intact(1474.03 - 1475.79)

Intra day levels
Upside
1487.22
1485.93
1483.22
1479.67
Downside
1475.83
1473.41
1471.65
1470.70
1467.15
Attached Image(s) (click to enlarge)
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4&1 All Time Profit: $37,496
  • #2,690
  • Dec 18, 2019 5:43am Dec 18, 2019 5:43am
Quoting MzansiObi
18/12/19 Daily close more or less near the previous daily close, the 1480 and 1473 range has remained intact for a couple of sessions now, as such will look to sell the high and buy the low, more so if they happen to coincide with the intra day levels..we need to remain patient till a clear break out in either direction ensues... H1 is flat with a bearish bias while the D1 sell zone still intact but has also begun flattening out...will look to see what London open brings about and follow leading up to the NY open.... H4 Buy Zone is the only zone...
SOme serious rejection yet again from that first intra day level, wash rinse and repeat till it fails....


Buying the H4 buy Zone selling the interim range ceiling....

Green Pips
4&1 All Time Profit: $37,496
  • #2,691
  • Dec 18, 2019 6:24am Dec 18, 2019 6:24am
The most delicate continuation pattern... H4 has completed its FALLING THREE candlestick formation and then the right side of its castle pattern at this same level 1478.10
Selling resumes. We've waited for so long.

Stay Alive!
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  • #2,692
  • Dec 18, 2019 7:30am Dec 18, 2019 7:30am
Hi
gold By 1472
sl 1470
tp open
  • #2,693
  • Dec 18, 2019 7:35am Dec 18, 2019 7:35am
It's a long fall to 1462/1459 psych level.
This is a very wide range market.

Bears Stay Alive...

Ouk, Ouk, I will become a bull again later at those levels mentioned above.
Learn... Work Hard... Trade Alone
  • #2,694
  • Dec 18, 2019 9:13am Dec 18, 2019 9:13am
Quoting BiteFX
The most delicate continuation pattern... H4 has completed its FALLING THREE candlestick formation and then the right side of its castle pattern at this same level 1478.10 Selling resumes. We've waited for so long. Stay Alive! {image}
Hi, what is this castle pattern? I could not find it in internet Thank you.
  • #2,695
  • Dec 18, 2019 9:53am Dec 18, 2019 9:53am
Quoting needtolearn
{quote} Hi, what is this castle pattern? I could not find it in internet Thank you.
It is not there!
I coined it out myself from a lot of screen time...
It has two tops(heads) and two shoulders on each side to the tops...
It is a head and shoulder pattern variation.
Learn... Work Hard... Trade Alone
  • #2,696
  • Dec 18, 2019 10:02am Dec 18, 2019 10:02am
Meeeeeeeen...scalpers are really having fun this week so far!
GOLD, whats up nau?
Learn... Work Hard... Trade Alone
  • #2,697
  • Dec 18, 2019 10:17am Dec 18, 2019 10:17am
Quoting BiteFX
Meeeeeeeen...scalpers are really having fun this week so far! GOLD, whats up nau?
up movement may be due to impeachment. now expecting downward movement again
P.S. Trade with the discipline of Money Management and Risk Management.
  • #2,698
  • Dec 18, 2019 10:58am Dec 18, 2019 10:58am
Quoting mylife
Hi gold By 1472 sl 1470 tp open
Price has used the lower band of the daily buy zone as support, both the fast and slow emas on the daily are upward sloping with the RSI on the daily also pointing up.... not suggesting that bears are done and dusted for now it’s clear where to short from....that 1480/79 handle....as fontu mentioned, the daily close becomes important now....green pips

That said.....
as per H4 buy zone...
long 1475
Sl 1469
TP Open
4&1 All Time Profit: $37,496
  • #2,699
  • Dec 18, 2019 1:42pm Dec 18, 2019 1:42pm
Quoting farukh
{quote} up movement may be due to impeachment. now expecting downward movement again
Hmmm, Thanks for the consolation...We Stay Alive until 1462/1459 psych level
Learn... Work Hard... Trade Alone
  • #2,700
  • Dec 18, 2019 8:00pm Dec 18, 2019 8:00pm
Quoting MzansiObi
{quote} Price has used the lower band of the daily buy zone as support, both the fast and slow emas on the daily are upward sloping with the RSI on the daily also pointing up.... not suggesting that bears are done and dusted for now it’s clear where to short from....that 1480/79 handle....as fontu mentioned, the daily close becomes important now....green pips That said..... as per H4 buy zone... long 1475 Sl 1469 TP Open
closing 50%
stops at entry.....


pending short at 1479
Sl @ 1487
TP open.....
4&1 All Time Profit: $37,496
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