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4 + 1 (Metals) strategy

  • #3,021
  • Edited 11:16am Jan 22, 2020 10:59am | Edited 11:16am
Quoting Trader1971
I'm for now in scalp mode. Gold is currently just coiling sideways. {image} {image}
Granted but we keep making higher lows structurally... on the H1....
So am thinking the breakout higher is eminent....
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1_LI.jpg Size: 506 KB
4&1 All Time Profit: $37,496
  • #3,022
  • Jan 22, 2020 11:19am Jan 22, 2020 11:19am
Quoting MzansiObi
{quote} The H1 is also printing it out now too...and guess which level we have got near the right shoulder? the H1 200....have got a pending buiy order there..... Pending Buy 1554 SL 1544 TP Open Green Pips
noticed bud.. thanks
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,023
  • Jan 22, 2020 11:22am Jan 22, 2020 11:22am
Quoting MzansiObi
{quote} Granted but we keep making higher lows structurally... on the H1.... So am thinking the breakout higher is eminent.... {image}
Agree, I would like to see price above 1564.08 to place longer term trades.
One can live in the shadow of an idea without grasping it.
  • #3,024
  • Jan 22, 2020 1:51pm Jan 22, 2020 1:51pm
Quoting Trader1971
{quote} Agree, I would like to see price above 1564.08 to place longer term trades.
Price is struggling to break the daily pivot level at 1557.68 on H1 time frame
And also price is struggling to break the 50% level between current weekly high and low @ 1557.36
Weekly current candle look like a doji
Anything can still happen, reason I try to play it safe for now.
Sitting on my hands and waiting for opportunities.
One can live in the shadow of an idea without grasping it.
  • #3,025
  • Jan 23, 2020 12:51am Jan 23, 2020 12:51am
23 January 2019


Top of the morning traders,
Another daily close and open above the 1555.89 handle with prices giving off long wicks to the downside on the daily chart showing that bulls keep on defending certain prices as support , our initial target of 1562 has been reached following the breakout... H1 200 MA still supportive in nature and it keeps tracking higher, keeping our original H1 inverted HnS pattern intact.... as such a breakout from current range becomes inevitable.... given market structure i am favoring a break out to the top, but bulls need to pick their entry level wisely as the previous H4 candle closed net bearish and as such a buy dip from the H1 200 handle may prove to be a better level as it will reduce the overall DD should the H4 bears push us lower slightly....The the zones are in bullish territory with the exception of the H1 which keeps chopping about due to the range bound trading the pair is printing.

H1: Bullish and Zone: 1557.72 - 1558
H4: Bullish and Zone: 1556.55 - 1557.1
D1: Bullish and Zone: 1531.41 - 1547.96


Intra day Levels
1571.99
1565.1
1561.69
1559.55
1556.09

Downside
1555.81
1554.74
1550.49
1548.17
1547.03
1543.81



Green Pips
4&1 All Time Profit: $37,496
  • #3,026
  • Jan 23, 2020 1:01am Jan 23, 2020 1:01am
Quoting MzansiObi
23 January 2019 Top of the morning traders, Another daily close and open above the 1555.89 handle with prices giving off long wicks to the downside on the daily chart showing that bulls keep on defending certain prices as support , our initial target of 1562 has been reached following the breakout... H1 200 MA still supportive in nature and it keeps tracking higher, keeping our original H1 inverted HnS pattern intact.... as such a breakout from current range becomes inevitable.... given market structure i am favoring a break out to the top, but...
Have you noticed h1 is also printing HnS? Short term selling is expected
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,027
  • Jan 23, 2020 1:22am Jan 23, 2020 1:22am
Quoting farukh
{quote} Have you noticed h1 is also printing HnS? Short term selling is expected
Yes i see its doing that bud, great pick up, in line with that bearish H4 candle...the bugger structure remains intact and we can always expect a couple of these inside patterns to begin forming....we are under the m15 200 aswell so im thinking buy order around the H1 200 MA level will get filled..... and if it doesnt hold, thinking then we see price challenge the 1549/48 handle before continuing....that daily buy zone becomes all too important again....
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDDaily_LI.jpg Size: 841 KB
4&1 All Time Profit: $37,496
  • #3,028
  • Jan 23, 2020 2:40am Jan 23, 2020 2:40am
update:

Taking partial profits form the H1 200 Buy order
Stops at entry...


Wash rinse and repeat till it fails....


Green Pips
4&1 All Time Profit: $37,496
  • #3,029
  • Jan 23, 2020 3:10am Jan 23, 2020 3:10am
Update: Bullish London open Hourly candle near the H1 200 level.

As such buy dip mode continues hard stops for todays buy orders are all at 1544.32( One of our downside levels for the day).

Bullish close also above the H1 200 handle, but the downward pointing RSI showing us that bears may still keep trying to push lower
as such protecting the gains becomes important by trailing and or taking partial profits.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1_LI.jpg Size: 691 KB
4&1 All Time Profit: $37,496
  • #3,030
  • Jan 23, 2020 7:23am Jan 23, 2020 7:23am
Update: H1 has flipped bearish as we had mentioned earlier on, that bullish H4 candle drove the bearish sentiment but the bulls are defending that H1 support zone near the 1554 mark, as such next key for sentiment lies in whether the 1557 level acts as resistance or breaks, as wee have had another H1 candle close bullish around the H1 200 ema....

Green Pips
4&1 All Time Profit: $37,496
  • #3,031
  • Jan 23, 2020 7:44am Jan 23, 2020 7:44am
Update:

Buy Limit

1554.58
SL 1543
TP Open



Green Pips
4&1 All Time Profit: $37,496
  • #3,032
  • Jan 23, 2020 7:55am Jan 23, 2020 7:55am
Hey Guys, BiteFX was seriously wounded in the last trade war in December. But he managed to STAY ALIVE.

Here's my very late Happy New Year's compliment.

Thank God you guys made it into the new year alive and healthy.
Great job mate! @MzansiObi.

Sote...We Stay Alive!
Learn... Work Hard... Trade Alone
  • #3,033
  • Jan 23, 2020 8:27am Jan 23, 2020 8:27am
Sir, What is a Forex Rebate Program ?
  • #3,034
  • Jan 23, 2020 8:49am Jan 23, 2020 8:49am
Bullish breakout realized....
we need to monitor and see if we can remain above 1562 handle now......

lock in some profit from buy dip scenario and look for next setup....


Strong H1 support at 1554 handle...
4&1 All Time Profit: $37,496
  • #3,035
  • Jan 23, 2020 9:20am Jan 23, 2020 9:20am
Quoting Rudrax
Sir, What is a Forex Rebate Program ?
If I am right Bro... It should be what most of these forex "introducing brokers" present to their client whom they brought to a forex broker.

They give you some rebates/earnings on your profitable trades. That is if they were the ones who introduced you to the broker you are currently using.
You may also request an IB ID change from your current broker if you want to be using an Introducing Broker.

They pay you for your profitable trades.
But, personally I don't do them.
Learn... Work Hard... Trade Alone
  • #3,036
  • Jan 23, 2020 9:53am Jan 23, 2020 9:53am
Today has been a very tight range market for XAUUSD.
This, I will be sharing everyday as early as possible say 1 or 2AM.
Sorry it's late today. But, tomorrow won't.

We Stay Alive dudes!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200123-164646.png Size: 113 KB
Learn... Work Hard... Trade Alone
  • #3,037
  • Jan 23, 2020 9:55am Jan 23, 2020 9:55am
Quoting BiteFX
{quote} If I am right Bro... It should be what most of these forex "introducing brokers" present to their client whom they brought to a forex broker. They give you some rebates/earnings on your profitable trades. That is if they were the ones who introduced you to the broker you are currently using. You may also request an IB ID change from your current broker if you want to be using an Introducing Broker. They pay you for your profitable trades. But, personally I don't do them.
Thanx Sir,
As I am a newbie trader, would it be beneficial for me to get introduced with such broker?
  • #3,038
  • Jan 23, 2020 10:03am Jan 23, 2020 10:03am
Quoting MzansiObi
Bullish breakout realized.... we need to monitor and see if we can remain above 1562 handle now...... lock in some profit from buy dip scenario and look for next setup.... Strong H1 support at 1554 handle...
1557-59 is now key area for bulls to continue. 1557 may be tested again if day will not close above 1568-70
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,039
  • Jan 23, 2020 10:13am Jan 23, 2020 10:13am
Quoting Rudrax
{quote} Thanx Sir, As I am a newbie trader, would it be beneficial for me to get introduced with such broker?
Kai... Just register with the broker of your choice, for me HOTFOREX. because their Spread is very tight. And then, a monthly DEMO CONTEST for you to jumpstart your trading career if you should come 1st, 2nd or 3rd.

If you are good, you don't need no rebates from them... Because, they get rebates too for introducing you to the broker.
Just my thoughts.
Learn... Work Hard... Trade Alone
  • #3,040
  • Jan 23, 2020 11:15am Jan 23, 2020 11:15am
It seems like the top of our pages is starting to look better, in my opinion
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