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4 + 1 (Metals) strategy

  • #3,041
  • Jan 23, 2020 11:18am Jan 23, 2020 11:18am
Quoting BiteFX
{quote} 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.
Thanks Sir, I will give it a try.
  • #3,042
  • Jan 23, 2020 11:22am Jan 23, 2020 11:22am
Quoting BiteFX
{quote} 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.
Hotforex seems to be global because it is registered legal in my place.
Did you get an account with a free swap at your place.
  • #3,043
  • Jan 23, 2020 12:35pm Jan 23, 2020 12:35pm
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...
Hey what is your opinion with regards to a 38.2 retracement?
Attached Image (click to enlarge)
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  • #3,044
  • Jan 23, 2020 1:13pm Jan 23, 2020 1:13pm
Quoting Jackal001
{quote} Hey what is your opinion with regards to a 38.2 retracement? {image}
Hey J,


The nice thing about the zones and the emas we use on the H1 and M15 charts is that we can almost be guaranteed that price will revisit them n atleast one session during the trading day as such, for now the upside objectives for the day have been reached with the exception of one intraday upside number, as TD1971 mentioned earlier we are trading in a range but pullbacks remain eminent to get our buy dips going am thinking that the best thing to do becomes to trail the profits as and when your trade moves in your favor......
4&1 All Time Profit: $37,496
  • #3,045
  • Jan 23, 2020 1:15pm Jan 23, 2020 1:15pm
Quoting BiteFX
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!
welcome back bud, was actually wondering what happened with you....


Glad to see youre back....
4&1 All Time Profit: $37,496
  • #3,046
  • Jan 23, 2020 1:16pm Jan 23, 2020 1:16pm
Quoting MzansiObi
{quote} Hey J, The nice thing about the zones and the emas we use on the H1 and M15 charts is that we can almost be guaranteed that price will revisit them n atleast one session during the trading day as such, for now the upside objectives for the day have been reached with the exception of one intraday upside number, as TD1971 mentioned earlier we are trading in a range but pullbacks remain eminent to get our buy dips going am thinking that the best thing to do becomes to trail the profits as and when your trade moves in your favor......
Well noted.....though I twicked the EMAs to suit TP (7 &21)respectively.
  • #3,047
  • Jan 23, 2020 1:27pm Jan 23, 2020 1:27pm
Quoting Jackal001
{quote} Well noted.....though I twicked the EMAs to suit TP (7 &21)respectively.
alright noted...keep us updated and posting around the mods.....I think once we get the daily close in, we will have a better idea of what this thing wants to do in terms of those fibo retracements too...

Im just thinking and looking at current structure, the H1 support seems in place and with the daily buy zone thats creeping higher the next line in the sand/ challenge for the bulls becomes the 68/69 handle above, will we continue this upward trajectory till we get some candles closing in near the previous swing high spike on the daily?
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDDailyPM_LI.jpg Size: 700 KB
4&1 All Time Profit: $37,496
  • #3,048
  • Jan 23, 2020 1:37pm Jan 23, 2020 1:37pm
Quoting farukh
{quote} 1557-59 is now key area for bulls to continue. 1557 may be tested again if day will not close above 1568-70
Agreed Farukh, and that will lie inside the h1 Buy zone as it has flipped back bullish again now, am thinking the high for the day is in and done, new daily numbers in a couple of hours will reveal some upside objectives, remember the original Inverted HnS pattern from last week is still in play and that tyarget is near the upper 1570's so as long as the H1 200 remains supportive, we are well on track to tag that handle id say..
4&1 All Time Profit: $37,496
  • #3,049
  • Jan 23, 2020 1:45pm Jan 23, 2020 1:45pm
Quoting MzansiObi
{quote} alright noted...keep us updated and posting around the mods.....I think once we get the daily close in, we will have a better idea of what this thing wants to do in terms of those fibo retracements too... Im just thinking and looking at current structure, the H1 support seems in place and with the daily buy zone thats creeping higher the next line in the sand/ challenge for the bulls becomes the 68/69 handle above, will we continue this upward trajectory till we get some candles closing in near the previous swing high spike on the daily?...
With regards to the mods on the EMAs the applications still apply (open and close)to a larger extent i use them s dynamic support, complimented with a faster RSI (OB 80 & OS 20 against a 7 period) to time my entries as aplicable to my TP rules....I concur Overall long term PA looks to the top side as you have observed.
  • #3,050
  • Jan 23, 2020 2:27pm Jan 23, 2020 2:27pm
Quoting Jackal001
{quote} With regards to the mods on the EMAs the applications still apply (open and close)to a larger extent i use them s dynamic support, complimented with a faster RSI (OB 80 & OS 20 against a 7 period) to time my entries as aplicable to my TP rules....I concur Overall long term PA looks to the top side as you have observed.
Will sell 1566
TP 1557
SL 1571


slow down in momentum and looking for pullback towards buy zones before northward continuation...


Green Pips
4&1 All Time Profit: $37,496
  • #3,051
  • Jan 23, 2020 4:58pm Jan 23, 2020 4:58pm
24 January 2020


Another bullis daily close for the pair, breakout and close above the 1560 handle on the daily closing basis supports our bias to look for buy dip scenarios, it becomes important to trail as price i currently consolidating just above the D1 buy zone and we would need to look to protect our gains by trying to identify strategic entry points to go long. H1 200 level remains key support and the overall target for the current inverse head and shoulder level lies just below the 1580 mark as such should price dip, will be looking for buy dip scenarios...overhead resistance is at 1568...


H1: Bullish and Zone: 1560.86 - 155930
H4: Bullish and Zone: 1557.52 - 1558.74
D1: Bullish and Zone: 1550.1 - 1531.68




Intra day levels
Upside
1585.90
1578.49
1576.96
1570.81
1567.03

Downside
1561.88
1560.99
1558.80
1554.8
1551
1544.88
1537.81

Green Pips
4&1 All Time Profit: $37,496
  • #3,052
  • Jan 23, 2020 5:13pm Jan 23, 2020 5:13pm
Quoting learninff
{quote} Hotforex seems to be global because it is registered legal in my place. Did you get an account with a free swap at your place.
No Bro... I operate a swap account.
But recently , I changed my trading strategy for better improvement... I swing intraday. No over nights trading for me again.
Learn... Work Hard... Trade Alone
  • #3,053
  • Jan 23, 2020 5:16pm Jan 23, 2020 5:16pm
My post as promised dudes.
Bigger moves today...I love this.

We Stay Alive...
Attached Image (click to enlarge)
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Learn... Work Hard... Trade Alone
  • #3,054
  • Jan 23, 2020 5:19pm Jan 23, 2020 5:19pm
Quoting Rudrax
{quote} Thanks Sir, I will give it a try.
My pleasure.
Learn... Work Hard... Trade Alone
  • #3,055
  • Jan 23, 2020 5:22pm Jan 23, 2020 5:22pm
Quoting MzansiObi
{quote} welcome back bud, was actually wondering what happened with you.... Glad to see youre back....
Thanks man! I see your good work.
I had to rework my trading strategy.
And...Eureka for now.
Learn... Work Hard... Trade Alone
  • #3,056
  • Jan 23, 2020 5:31pm Jan 23, 2020 5:31pm
Quoting BiteFX
My post as promised dudes. Bigger moves today...I love this. We Stay Alive... {image}
Trade idea? Just follow the label on those levels.
For instance, a sell limit at 1st Sell will have 2nd sell as Stop loss.
Vise versa for 1st buy.
Then if price eventually reaches 2nd sell or 2nd buy, your stop loss should be 25/30pips.

If price breaks RESISTANCE UPWARD it is heading to either 1st sell or Take profit.
If price breaks SUPPORT DOWNWARD it is heading to either 1st buy or Take profit.
Today is a bigger move day.
Green pips dudes.

We Stay Alive...
Learn... Work Hard... Trade Alone
  • #3,057
  • Jan 23, 2020 8:46pm Jan 23, 2020 8:46pm
Quoting BiteFX
My post as promised dudes. Bigger moves today...I love this. We Stay Alive... {image}
Good Morning Sir,
As you have shown Pivot Point, Resistance, Support & others Levels on the chart, it had better if you please write them in figures also in the same post.
Thanks in advance Sir.
  • #3,058
  • Jan 23, 2020 10:43pm Jan 23, 2020 10:43pm
Morning traders

Long 1559.26
SL: 1548
TP OPen
4&1 All Time Profit: $37,496
  • #3,059
  • Jan 23, 2020 11:24pm Jan 23, 2020 11:24pm
Quoting MzansiObi
Morning traders Long 1559.26 SL: 1548 TP OPen
Closing Half the trade, Stops at entry. Running Risk Free


Wash , rinse and repeat the level till it fails
4&1 All Time Profit: $37,496
  • #3,060
  • Jan 23, 2020 11:41pm Jan 23, 2020 11:41pm
Quoting BiteFX
{quote} Trade idea? Just follow the label on those levels. For instance, a sell limit at 1st Sell will have 2nd sell as Stop loss. Vise versa for 1st buy. Then if price eventually reaches 2nd sell or 2nd buy, your stop loss should be 25/30pips. If price breaks RESISTANCE UPWARD it is heading to either 1st sell or Take profit. If price breaks SUPPORT DOWNWARD it is heading to either 1st buy or Take profit. Today is a bigger move day. Green pips dudes. We Stay Alive...
Morning Champ.

whats the idea behind taking a the stop loss and then opening another sell trade?

just curious

Mz.
4&1 All Time Profit: $37,496
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