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4 + 1 (Metals) strategy

  • #3,081
  • Jan 24, 2020 9:00am Jan 24, 2020 9:00am
Still playing inside... Me I don't buy or sell this types o... Until 1st/2nd Buy or Sell as on the chart.
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  • #3,082
  • Jan 24, 2020 9:32am Jan 24, 2020 9:32am
Ouk, 1st sell reached...Let's enjoy the action.
Don't forget, in forex... Anything is possible!
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  • #3,083
  • Jan 24, 2020 11:04am Jan 24, 2020 11:04am
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
It did the same. I've closed my long.
Now need to look price action between 1575-85
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,084
  • Jan 24, 2020 11:56am Jan 24, 2020 11:56am
So far, price is still there...at 1st Sell level.
Support did a very good job shooting price up.
Resistance was broken, but has not been retested after the breakout. So, we may expect a retest of resistance level and then we take profit.
Anything is possible.
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  • #3,085
  • Jan 26, 2020 5:23pm Jan 26, 2020 5:23pm
For today, and this week, a gapping up and at Resistance in this early hours...hmmm
Please, just trace the lines for the prices at those levels.
Thanks.

Let's Stay Alive...
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  • #3,086
  • Jan 27, 2020 12:39am Jan 27, 2020 12:39am
27 January 2020

Well, the chart speaks for itself, Supportive H1 200 handle has kept intact and prices found support from the handle all week, the bigger Inverse H1 Head and Shoulder pattern also reached now with the gap up, All our time frames, H1,H4 and D1 are in bullish mode but now that the target that has been reached there are hints of some bearish RSI divergence will wait for prices to dip back inside the H1 buy zone atleast with a deeper pullback possibly towards the 1566 area, which at the moment is inside the H4 buy zone to look to begin loading longs .....


H1: Bullish and Zone:1575.61 - 1570.76
H4: Bullish and Zone:1566.08 - 1562.47
D1: Bullish and Zone:1554.82 - 1536.78

Intraday Levels
Upside
1598.40
1593.79
1589.52
1587.13
1479.26

Downside
1575.73
1571.47
1567.83
1564.60
1560.46



Green Pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDDaily_LI.jpg Size: 777 KB
Click to Enlarge Name: XAUUSDH1_LI 2.jpg Size: 782 KB
Click to Enlarge Name: XAUUSDH4_LI.jpg Size: 694 KB
4&1 All Time Profit: $37,496
  • #3,087
  • Jan 27, 2020 1:05am Jan 27, 2020 1:05am
Quoting MzansiObi
27 January 2020 Well, the chart speaks for itself, Supportive H1 200 handle has kept intact and prices found support from the handle all week, the bigger Inverse H1 Head and Shoulder pattern also reached now with the gap up, All our time frames, H1,H4 and D1 are in bullish mode but now that the target that has been reached there are hints of some bearish RSI divergence will wait for prices to dip back inside the H1 buy zone atleast with a deeper pullback possibly towards the 1566 area, which at the moment is inside the H4 buy zone to look to begin...
Weekly numbers:

Upside:
1615.10
1610.17
1593.93
1582.66

Downside
1575.70
1568.91
1564.60
1553.17
1550.90
4&1 All Time Profit: $37,496
  • #3,088
  • Jan 27, 2020 1:22am Jan 27, 2020 1:22am
Resistance doing so fine at the moment.
Whilst last week Friday's resistance has turned support... Role reversals. Follow the story on the chart.
This is Forex, anything is possible!

We Stay Alive...
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  • #3,089
  • Jan 27, 2020 1:40am Jan 27, 2020 1:40am
Quoting BiteFX
Resistance doing so fine at the moment. Whilst last week Friday's resistance has turned support... Role reversals. Follow the story on the chart. This is Forex, anything is possible! We Stay Alive... {image}
There may be a retest of that Support level today... And a little dancing around in that area.

Most traders swear by support and resistance. If you are one... You may take on this trade levels, that is, sell resistance, buy support. But, for today only... I DON'T HOLD OVERNIGHTS POSITIONS NO MORE.
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  • #3,090
  • Jan 27, 2020 3:11am Jan 27, 2020 3:11am
update: Bullish H1 close during london hour coming off of the H1 buy ZOne...

We can continue with the buy dip mode leading leading into the NY session but the bearish RSI divergence is still present as such, taking partial profits and trailing becomes preferred bias...


Point A(Bullish buy dip scenario from upper band of H1 Buy ZOne)
Points B( Bearish RSI divergence)
Green Pips
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1LO_LI.jpg Size: 745 KB
4&1 All Time Profit: $37,496
  • #3,091
  • Jan 27, 2020 7:48am Jan 27, 2020 7:48am
CANDLESTICK FORMATIONS AT RESISTANCE.
Pin bar reversal at 1st hour today.
Falling three pattern latter today.
Followed by a dark clowd cover that had a Hanging Man next to it, which has touched 50% of 1st hour pin bar.
All at Resistance today...
This market May go down.
We still have till 23:55 today until trade idea fades.

We Stay Alive dudes...
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  • #3,092
  • Jan 27, 2020 8:16am Jan 27, 2020 8:16am
Quoting MzansiObi
update: Bullish H1 close during london hour coming off of the H1 buy ZOne... We can continue with the buy dip mode leading leading into the NY session but the bearish RSI divergence is still present as such, taking partial profits and trailing becomes preferred bias... Point A(Bullish buy dip scenario from upper band of H1 Buy ZOne) Points B( Bearish RSI divergence) Green Pips {image}
Really mixed up..
Close above 1583-85 may bring it to 1595. Then divergence may come to play it's role.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,093
  • Jan 27, 2020 10:18am Jan 27, 2020 10:18am
Quoting farukh
{quote} Really mixed up.. Close above 1583-85 may bring it to 1595. Then divergence may come to play it's role.
Agreed, regarding the crazy PA, but looking at the current structure, the m15 has begun the series of Lower Highs and lower lows, so just becomes a patience thing now, but am thinkin that the DIP wont be sustained, it will drop radically abd bounce back, first line in the sabd is the m15 200 handle, lets what and see what it does there
4&1 All Time Profit: $37,496
  • #3,094
  • Jan 27, 2020 12:42pm Jan 27, 2020 12:42pm
Update: Price back inside the H1 buy ZOne, currently testing the lower band of the buy zone.
Looking to open a long here and look to open one more near that m15 200 handle...
Green Pips
4&1 All Time Profit: $37,496
  • #3,095
  • Jan 27, 2020 3:55pm Jan 27, 2020 3:55pm
Funny market today... No clear directional bias for today.
Just busy dancing around resistance.
Tommorrow we meet again.
Good night folks, and Stay Alive.
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  • #3,096
  • Jan 27, 2020 4:25pm Jan 27, 2020 4:25pm
28 January 2020


Daily close higher than the weekly open as such buyers still in control, price has ffered two buy dip setups off of the H1 buy zone yesterday and while momentum seems to be slowing down, this doesnt mean that the bulls have given up, infact f anything, price was trading sideways woth a hint of a bearish bias while the H1 buy ZOne was creeping higher....Nothing much has changed other than that the current H1 structure is suggestive of a H1 HnS setup with targets at 1567-1570 handle, with that said price would need to break and close below the M15 200 and should that happen it would also result in the gap being filled.....worth noting Gaps do not necessarily have to be filled, so a gap doesnt mean we automatically sell, we still need to look for confirmation signals that suggest shorting may be profitable.

H1: Bullish and Zone: 1580.71 - 1577.54
H4: Bullish and Zone: 1572.51 - 1567.29
D1: Bullish and Zone: 1553.96 - 1535.92

Upside
1601
1594.69
1589.88
1586.91
1582.

Downside
1577.28
1574.31
1569.49
1567.20
1563.20
1560


Green Pips
Points marked (i) showing the bearish RSI divergence while the Stochastic indicator is crossing over higher signalling that prices may look to bounce up off of the H1 buy zone therefore interim bear strength needs to see the head structure at 1586.5/4587 Hold and that right shoulder reject price from, rallying faoling which the bulls will continue the rally closer towards the psychological 1600 level...
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1_LI.jpg Size: 659 KB
4&1 All Time Profit: $37,496
  • #3,097
  • Jan 27, 2020 4:26pm Jan 27, 2020 4:26pm
Quoting BiteFX
Funny market today... No clear directional bias for today. Just busy dancing around resistance. Tommorrow we meet again. Good night folks, and Stay Alive. {image}
Agreed, see you in a bit Bud.



Come back refreshed with plenty of energy for these Pips
4&1 All Time Profit: $37,496
  • #3,098
  • Jan 27, 2020 7:17pm Jan 27, 2020 7:17pm
Today is a good day... My ideal Pips Day. Is there an ideal market? I'd rather not believe.
We expect 1st/2nd Sell or Buy to be activated for the green pips today.

We Stay Alive dudes...
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  • #3,099
  • Edited 7:34pm Jan 27, 2020 7:21pm | Edited 7:34pm
Quoting MzansiObi
{quote} Agreed, see you in a bit Bud. Come back refreshed with plenty of energy for these Pips
Thanks man...That's right bud...You are an inspiration you know.
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  • #3,100
  • Jan 27, 2020 7:31pm Jan 27, 2020 7:31pm
Quoting BiteFX
Today is a good day... My ideal Pips Day. Is there an ideal market? I'd rather not believe. We expect 1st/2nd Sell or Buy to be activated for the green pips today. We Stay Alive dudes... {image}
Trade idea, yesterday's gap up MAY BE closed today. The Japanese calls it closing the window. And then, a Rally.
Check yesterday's last image, the gap acted as a support yesterday, and may be broken downward today.
Resistance still maintaining position as yesterday, but PIVOT has become today's 2nd Buy...Hmmm

Read the story on the chart.
Let's Stay Alive...
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