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4 + 1 (Metals) strategy

  • #2,741
  • Dec 20, 2019 8:17am Dec 20, 2019 8:17am
Quoting InfinityPip
Im Staying out of gold for now, scary
It's always scary dude
All you need to make your trading setups and follow it
P.S. Trade with the discipline of Money Management and Risk Management.
  • #2,742
  • Dec 20, 2019 8:39am Dec 20, 2019 8:39am
Quoting InfinityPip
Im Staying out of gold for now, scary
WAR IS SCARY!
But, soldiers fight their pants off.
Trading is war, you have just got to fight...Except its a hobby for you, and not a BUSINESS.

Meeeeeeeeeeen, We Stay Alive!
Learn... Work Hard... Trade Alone
  • #2,743
  • Dec 20, 2019 9:27am Dec 20, 2019 9:27am
A sell reentry...No Bear? Trump impeachment party? Afraid? This is what we do for a living!
Common, fundamentals are funnymentals.
Learn... Work Hard... Trade Alone
  • #2,744
  • Dec 20, 2019 10:12am Dec 20, 2019 10:12am
Gold testing that 1478.3 level again
  • #2,745
  • Dec 20, 2019 10:13am Dec 20, 2019 10:13am
Quoting BiteFX
A sell reentry...No Bear? Trump impeachment party? Afraid? This is what we do for a living! Common, fundamentals are funnymentals.
Patience My Friend.
  • #2,746
  • Dec 20, 2019 10:31am Dec 20, 2019 10:31am
Quoting BiteFX
A sell reentry...No Bear? Trump impeachment party? Afraid? This is what we do for a living! Common, fundamentals are funnymentals.
Already close at yellow line, enough pips for me
Attached Image (click to enlarge)
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  • #2,747
  • Dec 20, 2019 11:09am Dec 20, 2019 11:09am
Update: Calling it a day with the buy dips off of the 1477.18 handle...will resume this trading thing on Sunday Evening.

Hope we all managed to bag in a couple and that we dont give it back....

Green Pips right round
4&1 All Time Profit: $37,496
  • #2,748
  • Dec 20, 2019 11:27am Dec 20, 2019 11:27am
Quoting InfinityPip
{quote} Already close at yellow line, enough pips for me {image}
Something like that InfinityPips...Your is Liver strong to go...enjoy yourself bro.
Great weekend, and, a very big and, don't chicken out again!

We Stay Alive
Learn... Work Hard... Trade Alone
  • #2,749
  • Dec 20, 2019 11:28am Dec 20, 2019 11:28am
Quoting MzansiObi
Update: Calling it a day with the buy dips off of the 1477.18 handle...will resume this trading thing on Sunday Evening. Hope we all managed to bag in a couple and that we dont give it back.... Green Pips right round
Ouk ooo
Learn... Work Hard... Trade Alone
  • #2,750
  • Dec 20, 2019 11:30am Dec 20, 2019 11:30am
what a bounce from the weekly open
  • #2,751
  • Dec 20, 2019 11:32am Dec 20, 2019 11:32am
Quoting MzansiObi
Update: Calling it a day with the buy dips off of the 1477.18 handle...will resume this trading thing on Sunday Evening. Hope we all managed to bag in a couple and that we dont give it back.... Green Pips right round
have a good week-end...
Difficult to trade for me in this ranging week but as you said H4 Zone was consistent all week
  • #2,752
  • Dec 20, 2019 11:38am Dec 20, 2019 11:38am
Quoting JunJie94
{quote} Patience My Friend.
Patience? I've been holding my sell positions since last week FRIDAY.
Added reentries yesterday again.
Patience? I am more than patient on this one.
I need the to stay alive.
Learn... Work Hard... Trade Alone
  • #2,753
  • Dec 20, 2019 12:07pm Dec 20, 2019 12:07pm
Merry Christmas in advance friends...from here in
Learn... Work Hard... Trade Alone
  • #2,754
  • Dec 20, 2019 12:10pm Dec 20, 2019 12:10pm
Quoting Tragruel
{quote} have a good week-end... Difficult to trade for me in this ranging week but as you said H4 Zone was consistent all week
Not to worry bud....it will be here next week and the week thereafter...
Have a safe and good one too bud..

Green Pips
4&1 All Time Profit: $37,496
  • #2,755
  • Dec 22, 2019 6:33am Dec 22, 2019 6:33am
22/12/2019


Weekly Close below the 1485 Handle and still inside the falling wedge pattern, as such range bound sentiment continues......


Our Zones remain intact for buys near the range low with the H4 and W1 in buy mode while the H1 and D1 remain neutral with a bearish bias whenever price gets near that range ceiling....

We wait for the weekly open and then London Open hour to close to get sentiment for the week ahead and then look to use the Zones and some key levels to position ourselves.


Side Note: to further support a possible bullish break, the Weekly chart is near the buy zone and weekly chart is setting up a possible bullish flag.....

H1:Neutral
H4: Bullish and Zone:1476.28 - 1477.75
D1: Bearish with a Neutral Bias
Weekly: Bullish and ZOne: 1447.06 - 1471.36

Weekly Levels
Upside
1494.23
1487.96
1483.03
1481.01

Downside
1476.76
1472.99
1471.83
1465.56
1460.63




Intra day levels for Monday
Upside
1485.84
1483.4
1481.68
1480.75
1478.31

Downside
1477.67
1476.83
1474.37
1473.22
1470.57



Green Pips All Around
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDH4_LI.jpg Size: 714 KB
Click to Enlarge Name: XAUUSDWeekly_LI.jpg Size: 683 KB
4&1 All Time Profit: $37,496
  • #2,756
  • Dec 23, 2019 2:25am Dec 23, 2019 2:25am
This Gold, you are so stubborn.
Break past 50% FIBO level, then eyeing 38.2% retracement level? INTERESTING!

This is FOREX... Anything is possible!
I Stay Alive!
Good morning folks.
Attached Image (click to enlarge)
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Learn... Work Hard... Trade Alone
  • #2,757
  • Dec 23, 2019 3:33am Dec 23, 2019 3:33am
Update:
London open candle was bullish and the extremes have been printed on it to either side..both levels to the extremes likely to be revisited.....reasoning: Theres strong overhead resistance ahead as such the bears may attempt to pull the hammer towards that 1482 handle followed by 1479.09.....the weekly numbers always tend to have more weight in terms of a reaction when price gets to the handle.... that said

pending short half my normal lot size
sell:1484.76
Sl 1490.

just looking to sell the range resistance,

pending buy order
1479.50
Sl 1470
tp Open
4&1 All Time Profit: $37,496
  • #2,758
  • Dec 23, 2019 4:18am Dec 23, 2019 4:18am
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1.jpg Size: 137 KB
  • #2,759
  • Dec 23, 2019 4:22am Dec 23, 2019 4:22am
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDDaily.png Size: 35 KB
  • #2,760
  • Dec 23, 2019 7:41am Dec 23, 2019 7:41am
Quoting MzansiObi
Update: London open candle was bullish and the extremes have been printed on it to either side..both levels to the extremes likely to be revisited.....reasoning: Theres strong overhead resistance ahead as such the bears may attempt to pull the hammer towards that 1482 handle followed by 1479.09.....the weekly numbers always tend to have more weight in terms of a reaction when price gets to the handle.... that said pending short half my normal lot size sell:1484.76 Sl 1490. just looking to sell the range resistance, pending buy order 1479.50 Sl 1470...
Managed to close the short for decent change....but order marginally missed....


H1 buy zone still supportive as such buy dip mode continues and selling Overhead resistance remains valid....
4&1 All Time Profit: $37,496
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