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4 + 1 (Metals) strategy

  • #3,101
  • Jan 28, 2020 1:24am Jan 28, 2020 1:24am
Support broken and retested. Take profit reached. But, can we see a move to 1st/2nd Buy?
Let's enjoy the ride guys.
While we stay alive.
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  • #3,102
  • Jan 28, 2020 3:18am Jan 28, 2020 3:18am
Resistance retested...The previous candle being a Bullish maribouzo(shaven bottom) at TAKE PROFIT level as per the chart.
If shaven bottom is broken down, we go to 1st/2nd Buy.
If Bulls persist above Resistance, we go to 1st/2nd Sell.

Stay Alive guys.
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  • #3,103
  • Jan 28, 2020 3:48am Jan 28, 2020 3:48am
Update: London hour was bullish.
will be looking for buy dip around the 1576 level
and the second one near 1564.

Hard stop at 1558.
the bearish divergence just busy playing out....
4&1 All Time Profit: $37,496
  • #3,104
  • Jan 28, 2020 6:28am Jan 28, 2020 6:28am
Alright, 1st Buy reached. We are heading to 2nd Buy for today.
Buy limit awaits you there.
Thank you XAUUSD.

We Stay Alive...
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  • #3,105
  • Jan 28, 2020 7:34am Jan 28, 2020 7:34am
Alright, 2nd Buy reached. Sell profit taken. Buy limit on point.
We see until 22:55.
Stay Alive guys.
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  • #3,106
  • Jan 28, 2020 8:42am Jan 28, 2020 8:42am
Quoting MzansiObi
Update: London hour was bullish. will be looking for buy dip around the 1576 level and the second one near 1564. Hard stop at 1558. the bearish divergence just busy playing out....
Remember to take some partial profits and trail as and when this moves into profit....
4&1 All Time Profit: $37,496
  • #3,107
  • Jan 28, 2020 10:05am Jan 28, 2020 10:05am
Banked some in short from 1575. Let's see if day closes below 1575 or not
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,108
  • Jan 28, 2020 1:02pm Jan 28, 2020 1:02pm
Sell delivered some handsome pips, Buy yet to deliver.
By 22:55 today, the trade idea is over, and I will close all positions.
Thank you XAUUSD.
Guys, we Stay alive.
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  • #3,109
  • Jan 28, 2020 1:03pm Jan 28, 2020 1:03pm
Quoting farukh
Banked some in short from 1575. Let's see if day closes below 1575 or not
That’s key.....H4 bulls are hiding clearly.....
marginally missed the 1565 handle(H1 200 handle)
That H1 RSI bearish divergence bottoming out.
May see some supportive price action now....
4&1 All Time Profit: $37,496
  • #3,110
  • Jan 28, 2020 1:15pm Jan 28, 2020 1:15pm
Short gold Tp 1498
Make it Green
  • #3,111
  • Jan 28, 2020 1:20pm Jan 28, 2020 1:20pm
Quoting louisfx
Short gold Tp 1498
Very much possible but a long journey..
What's your anticipated time to reach that target and stop loss?
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,112
  • Jan 28, 2020 2:06pm Jan 28, 2020 2:06pm
Quoting MzansiObi
{quote} That’s key.....H4 bulls are hiding clearly..... marginally missed the 1565 handle(H1 200 handle) That H1 RSI bearish divergence bottoming out. May see some supportive price action now....
Howdy Obi,
I am one of the bull traders that are not participating this week. LOL!
Month end with a Fed rate decision tomorrow made me decide to be short term neutral.
I want to first see some new monthly and weekly pivots.
My disadvantage is that I have a full time job.
Currently price might test the weekly pivot at 1564.29
just below the 200 ema on H1 at 1564.81

Best of luck,
Keep it green
One can live in the shadow of an idea without grasping it.
  • #3,113
  • Jan 28, 2020 8:40pm Jan 28, 2020 8:40pm
Sorry guys didn't wake up in time... Was so tired yesterday.
Alright for today.
Resistance maintaining same position as yesterday. But a new support printed. And price at support currently.
So, let's expect an ebb and flow today. A retest of PIVOT before downward move/continuation.
This is Forex, anything is possible.

We Stay Alive dudes.
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  • #3,114
  • Jan 28, 2020 8:53pm Jan 28, 2020 8:53pm
Quoting BiteFX
Sorry guys didn't wake up in time... Was so tired yesterday. Alright for today. Resistance maintaining same position as yesterday. But a new support printed. And price at support currently. So, let's expect an ebb and flow today. A retest of PIVOT before downward move/continuation. This is Forex, anything is possible. We Stay Alive dudes. {image} {image}
Some traders swear by Resistance and Support. That is, sell resistance and buy support... Today is their day.
So, if you are one of them, you may want to enjoy the day too.

But, Stay Alive.
Learn... Work Hard... Trade Alone
  • #3,115
  • Jan 28, 2020 10:48pm Jan 28, 2020 10:48pm
Quoting Trader1971
{quote} Howdy Obi, I am one of the bull traders that are not participating this week. LOL! Month end with a Fed rate decision tomorrow made me decide to be short term neutral. I want to first see some new monthly and weekly pivots. My disadvantage is that I have a full time job. Currently price might test the weekly pivot at 1564.29 just below the 200 ema on H1 at 1564.81 Best of luck, Keep it green
Morning TD

You were correct above the revisit to that weekly pivot, i am under water with some buy orders at the moment, most recent one taken off of the H1 200 level.

However keeping in mind the FED event later on in the US session, the outlook remains to buy the dips near the H1 200 and the Daily buy zone and sell near the H1 sell zone as the H1 has flipped bearish , the H4 is still bullish but is in the process of turning neutral, as such, i may end up holding onto some trades a little longer than id like to...

Green Pips
4&1 All Time Profit: $37,496
  • #3,116
  • Jan 28, 2020 11:01pm Jan 28, 2020 11:01pm
29 January 2020


Bit of a corrective pullback towards some key weekly levels and also the D1 buy zone(NB to note that since we havent reached it yet, there may be further weakness till we get into that zone, At the moment the lower daily close means bulls will have their work cut out for them, as the bearish RSI divergence we mentioned on monday has been in play for the past couple of sessions, but there is hints of bullish divergence on the lower time frames and this is taking place near crucial support areas, as such coupled with the fact that there is a FED meeting, caution becomes necessary as we look to build the next wave of orders, Lets see what that London opening hour brings...


H1: Bearish and Sell Zone:1569.01 - 1572.13
H4: Bullish and with Neutral Bias:
D1: Bullish and Buy Zone:1559.12 - 1541.08


Intra day Levels
Upside
1580.04
1578.57
1576.38
1572.25
1565.22

Downside
1561.09
1554.41
1552.99
1543.26
1539.33
1537.24
4&1 All Time Profit: $37,496
  • #3,117
  • Jan 29, 2020 1:08am Jan 29, 2020 1:08am
Update: Partial profits taken off of H1 200 buy dip.
stops at entry
4&1 All Time Profit: $37,496
  • #3,118
  • Jan 29, 2020 1:21am Jan 29, 2020 1:21am
Quoting MzansiObi
Update: Partial profits taken off of H1 200 buy dip. stops at entry
Let's see what h1 selling area will show. 1575 has become key for further bulls. If it 1569-75 area resists we may find 1557 or even 1550
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,119
  • Jan 29, 2020 2:06am Jan 29, 2020 2:06am
Quoting farukh
{quote} Let's see what h1 selling area will show. 1575 has become key for further bulls. If it 1569-75 area resists we may find 1557 or even 1550
Agreed Farukh....But will also sell the 1571.9 handle with stops above at 1576......

Just in line with the H1 sell zone and the m15 200 handle....


Green Pips
4&1 All Time Profit: $37,496
  • #3,120
  • Jan 29, 2020 7:06am Jan 29, 2020 7:06am
PIVOT yet to be reached.
Resistance looks stronger since Monday.
No trade entries for now except a sell limit order at Resistance if price goes there first before retesting support during these last sessions of today's trading war.

Let's Stay Alive.
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