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4 + 1 (Metals) strategy

  • #3,121
  • Jan 29, 2020 7:11am Jan 29, 2020 7:11am
Quoting BiteFX
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. {image}
I HAD TO CHANGE SOME LABELS.
Somethings happen, and then you check for the possible cause and fix it so that it doesn't repeat itself again. So, you progress at what you do.
Just follow the story on the chart.
Learn... Work Hard... Trade Alone
  • #3,122
  • Jan 29, 2020 8:31am Jan 29, 2020 8:31am
taken short with sl @1580
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,123
  • Jan 29, 2020 8:34am Jan 29, 2020 8:34am
If you missed the buy opportunity before, this is another.
Stay Alive!
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  • #3,124
  • Jan 29, 2020 8:36am Jan 29, 2020 8:36am
Quoting farukh
taken short with sl @1580
WOW! Nice one bro.
This is Forex, anything is possible.
Learn... Work Hard... Trade Alone
  • #3,125
  • Jan 29, 2020 9:05am Jan 29, 2020 9:05am
Update:

hope you managed to see the m15 inverse HnS pattern....
have recycled the m15 200 short level one last time, interested to see if we get back below it, but the target now for this inverse HnS sits at 1579/80.....

stay green
4&1 All Time Profit: $37,496
  • #3,126
  • Jan 29, 2020 9:06am Jan 29, 2020 9:06am
Quoting MzansiObi
Update: hope you managed to see the m15 inverse HnS pattern.... have recycled the m15 200 short level one last time, interested to see if we get back below it, but the target now for this inverse HnS sits at 1579/80..... stay green
associated image
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4&1 All Time Profit: $37,496
  • #3,127
  • Jan 29, 2020 9:44am Jan 29, 2020 9:44am
Quoting BiteFX
If you missed the buy opportunity before, this is another. Stay Alive! {image}
The bears closed the window yesterday, but today are struggling to breakdown support.
If they can't breakdown support, then, Japanese says "go in the direction of the gap".

We Stay Alive...
Learn... Work Hard... Trade Alone
  • #3,128
  • Jan 29, 2020 1:30pm Jan 29, 2020 1:30pm
Update:Limiting bullish continuance to the 1578ish handle and then followed by yet another dip were will be looking to load long on retest of the m15 200...


We need to be patient with it now....
4&1 All Time Profit: $37,496
  • #3,129
  • Jan 29, 2020 1:56pm Jan 29, 2020 1:56pm
Quoting MzansiObi
Update:Limiting bullish continuance to the 1578ish handle and then followed by yet another dip were will be looking to load long on retest of the m15 200... We need to be patient with it now....
Yip, PATIENCE is key!
Busy tinkering around with some range bar charts.
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One can live in the shadow of an idea without grasping it.
  • #3,130
  • Jan 29, 2020 2:07pm Jan 29, 2020 2:07pm
PIVOT broken upwards.
Thank you support. Thank you XAUUSD.
We Stay Alive until 22:55
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  • #3,131
  • Jan 29, 2020 5:58pm Jan 29, 2020 5:58pm
Alright guys for today.
Support still holding ground same as yesterday. A new lower resistance than yesterday. And breakout is currently occupying it's position.
Hmmm....Anything is possible!
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  • #3,132
  • Edited 6:38pm Jan 29, 2020 6:02pm | Edited 6:38pm
Quoting BiteFX
Alright guys for today. Support still holding ground same as yesterday. A new lower resistance than yesterday. And breakout is currently occupying it's position. Hmmm....Anything is possible! {image}
TRADE IDEA...
I think support is Stronger than resistance today... And a retest of PIVOT(for the impatients), Or a retest of support( for the more conservative-savvy types) should do the trick.
While we rally through BREAKOUT.
Just follow the story on the chart...
After thoughts: if support is broken downwards, we thrust to 1st Buy.

Please note: Trade idea expires 22:55
We Stay Alive dudes
Learn... Work Hard... Trade Alone
  • #3,133
  • Jan 29, 2020 6:29pm Jan 29, 2020 6:29pm
Quoting MzansiObi
{quote}associated image {image}
Agree but my tp 1594
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  • #3,134
  • Jan 29, 2020 7:57pm Jan 29, 2020 7:57pm
Quoting b_hand
{quote} Agree but my tp 1594{image}
Will look to load more on the dip, still of the view we move towards 1574/5 again and then continue....
4&1 All Time Profit: $37,496
  • #3,135
  • Jan 29, 2020 10:04pm Jan 29, 2020 10:04pm
30 January 2020

Following in line of the supportive nature the H1 200 MA has shown us, yesterdays price action found support at that very same handle and the result has seen price track back higher and above the m15 200 and also pull the H1 back into buy zone territory, and the H$ buy Zone is also sloping up again, with that said, the outlook and bias becomes to buy the dips into the H1 buy zone with hard stops just below the H1 200 handle, the weekly open is currently acting as resistance....
Very NB to note, with each and every passing day that price stays at these elevated levels, the Daily buy zone keeps pushing higher too and we have seen how that supportive D1 buy zone follows through with a breakout after periods of consolidation, so we need to remain patient and take what it gives us while it does its thing....

H1: Bullish and Buy Zone: 1575.48 - 1573.64
H4: Bullish and Buy Zone: 1571.44 - 1574.2
D1: Bullish and Buy Zone: 1562 - 1543.35

Upside
1596.74
1592.34
1587.38
1581.79

Downside
1578.34
1572..45
1573.24
1570.72
1567.15

Zoomed out H1 chart point (i) illustrating supportive nature of that h1 200 handle that has been acting supportive for intra day setups given the bullish structure....

Green Pips
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4&1 All Time Profit: $37,496
  • #3,136
  • Jan 29, 2020 10:41pm Jan 29, 2020 10:41pm
Quoting MzansiObi
30 January 2020 Following in line of the supportive nature the H1 200 MA has shown us, yesterdays price action found support at that very same handle and the result has seen price track back higher and above the m15 200 and also pull the H1 back into buy zone territory, and the H$ buy Zone is also sloping up again, with that said, the outlook and bias becomes to buy the dips into the H1 buy zone with hard stops just below the H1 200 handle, the weekly open is currently acting as resistance.... Very NB to note, with each and every passing day that...
It looks like the W and D tfs are showing some exhaustion.... However, scalping long is still a opportunity. Time will tell...
Stay green!!!
  • #3,137
  • Jan 29, 2020 10:52pm Jan 29, 2020 10:52pm
Quoting Froggy
{quote} It looks like the W and D tfs are showing some exhaustion.... However, scalping long is still a opportunity. Time will tell...
Agreed, thats why im of the outlook that there may be more buy dip scenarios with price dipping lower inside the D1 zone and possibly weekly buy zone which is also now above the 1515 mark(Upper band)...but the weekly buy zone only comes into play once the daily buy zone support area gets broken, the first time frame that will also begin showing the exhaustion will be the H1 zone remaining in a sell zone and below the H1 200 handle which we will then use as resistance...basically flipping the current chart upside down where we are currently using it as support....
4&1 All Time Profit: $37,496
  • #3,138
  • Jan 30, 2020 2:40am Jan 30, 2020 2:40am
If price is unable to breakout, there will be a reversal down into support. But if it does, I am waiting for you at 1st Sell.
Either way, you must pay me.
We Stay Alive today o.
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Learn... Work Hard... Trade Alone
  • #3,139
  • Jan 30, 2020 3:12am Jan 30, 2020 3:12am
Quoting BiteFX
If price is unable to breakout, there will be a reversal down into support. But if it does, I am waiting for you at 1st Sell. Either way, you must pay me. We Stay Alive today o. {image}
After thought: Breakout has been resistance for three days... Monday through yesterday-Wednesday.
This is Forex anything is possible.
Learn... Work Hard... Trade Alone
  • #3,140
  • Jan 30, 2020 4:03am Jan 30, 2020 4:03am
Quoting BiteFX
{quote} After thought: Breakout has been resistance for three days... Monday through yesterday-Wednesday. This is Forex anything is possible.
True....but we have had two tags of the upper band of the H1 buy zone today....and they have both resulted in upward trajectory of price.
unless the H1 is forming a Head and shoulders pattern then it’s only a matter of time before it breaks higher


just my 2cents worth
4&1 All Time Profit: $37,496
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