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4 + 1 (Metals) strategy

  • #3,181
  • Jan 31, 2020 11:15am Jan 31, 2020 11:15am
Bears where have you been hiding? Ahhhhhggggrhhhhh!
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  • #3,182
  • Jan 31, 2020 2:46pm Jan 31, 2020 2:46pm
Bulls have refused to let go the run.
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  • #3,183
  • Feb 2, 2020 4:21am Feb 2, 2020 4:21am
This is my view on gold with fibonacci my tp on 78.6 or 88.6 level Maximum 1610 area
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  • #3,184
  • Feb 2, 2020 2:12pm Feb 2, 2020 2:12pm
02 February 2020

Last week saw us continue the path of making higher highs and higher lows, as such the bullish uptrend remains intact, with that said, the weekly close below 1590 shows that bears are defending the handle and that we may continue getting buy dips in order to load long, There were Hints of bearish RSI and Stochs Divergence on the lower timeframes leading into Thursday but the bullish D1 candle on Friday has seen them become neutral as such its easier to make money and remain profitable being long as opposed to shorting this rally, if we do go short, then we need to pick specific levels and also manage our position sizes and stops accordingly...

As things stand, the H1, H4 and D1 are all in bullish mode, and depending on how we open, going long from dips in those areas remains the favorable bias...

H1: Bullish and Buy Zone:1580.46 - 1582.91.
H4: Bullish and Buy Zone:1575.72 - 1578.90.
D1: Bullish and Buy Zone:1545.88 - 1564.25.


Weekly Levels
Upside
1622.10
1618
1607.98
1597.65
1591.27

Downside
1579.14
1575.7
1570.61
1564.23
1553.90
1541.18


Monday

Upside
1602.93
1598.51
1595.50
1593
1590.90

Downside
1582.84
1579.07
1576.04
1571.04
1564.01


H1 Chart
(i) Bearish divergence from Thursday before PA pushing higher towards resistance
(ii) Buy Zone

H4 Chart

(i) Bearish RSI divergence on the H4
(ii) Buy Zone
Point A represents all the upside potential wich may still get tested and filled on the breakout of current structural resistance, NB the longer time frame patterns tend to take a little longer toi play out, as such patience becomes key...


Green Pips
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4&1 All Time Profit: $37,496
  • #3,185
  • Feb 2, 2020 5:14pm Feb 2, 2020 5:14pm
Quoting MzansiObi
02 February 2020 Last week saw us continue the path of making higher highs and higher lows, as such the bullish uptrend remains intact, with that said, the weekly close below 1590 shows that bears are defending the handle and that we may continue getting buy dips in order to load long, There were Hints of bearish RSI and Stochs Divergence on the lower timeframes leading into Thursday but the bullish D1 candle on Friday has seen them become neutral as such its easier to make money and remain profitable being long as opposed to shorting this rally,...
Thanks MzansiObi... Great job you're doing man!
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  • #3,186
  • Feb 2, 2020 5:18pm Feb 2, 2020 5:18pm
Happy New Month folks...
A kind of a wider screen today.
Support, Resistance and even PIVOT (these Key Levels) have got a lot of work to do today.

We Stay Alive
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  • #3,187
  • Feb 2, 2020 9:33pm Feb 2, 2020 9:33pm
Quoting MzansiObi
02 February 2020 Last week saw us continue the path of making higher highs and higher lows, as such the bullish uptrend remains intact, with that said, the weekly close below 1590 shows that bears are defending the handle and that we may continue getting buy dips in order to load long, There were Hints of bearish RSI and Stochs Divergence on the lower timeframes leading into Thursday but the bullish D1 candle on Friday has seen them become neutral as such its easier to make money and remain profitable being long as opposed to shorting this rally,...
long
1580.05
sl 1568
TP Open....
4&1 All Time Profit: $37,496
  • #3,188
  • Feb 3, 2020 1:39am Feb 3, 2020 1:39am
Buy limit order at support.
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  • #3,189
  • Feb 3, 2020 2:54am Feb 3, 2020 2:54am
Quoting BiteFX
Buy limit order at support. {image}
Recycled previous buy order for a few shekels but looking at PA, let’s see how current hourly candle closes. If it’s not bullish then bears will wait for some bullish divergence to continue long.....
I will buy another at 1472.10
similar SL.
currently underwater
4&1 All Time Profit: $37,496
  • #3,190
  • Feb 3, 2020 2:59am Feb 3, 2020 2:59am
Buy limit activated.
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  • #3,191
  • Feb 3, 2020 3:00am Feb 3, 2020 3:00am
Quoting MzansiObi
{quote} Recycled previous buy order for a few shekels but looking at PA, let’s see how current hourly candle closes. If it’s not bullish then bears will wait for some bullish divergence to continue long..... I will buy another at 1472.10 similar SL. currently underwater
That's true Bro...PA will do some work here too.
Let's Stay Alive bro
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  • #3,192
  • Feb 3, 2020 3:04am Feb 3, 2020 3:04am
After thought:
The buy may pull back to 1584.90 to complete a head and shoulder pattern in H1, so that bears can resume selling pressure.
May not be today... Anything is possible!
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  • #3,193
  • Feb 3, 2020 3:12am Feb 3, 2020 3:12am
Update: Plenty of indecision in LO hour as such the next clue lies in what PA does if/when it reaches that 1472 handle, do we get below it or do we continue closing above it, the momentum ion the past couple of hours still faVOURS BEARS, SO BULLS NEED TO WAIT LONGER BEFORE LOOKING LONG


Green pips
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4&1 All Time Profit: $37,496
  • #3,194
  • Feb 3, 2020 3:23am Feb 3, 2020 3:23am
Buy looking good at the moment... Looks like these London guys want to buy some more
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  • #3,195
  • Feb 3, 2020 3:24am Feb 3, 2020 3:24am
Quoting MzansiObi
Update: Plenty of indecision in LO hour as such the next clue lies in what PA does if/when it reaches that 1472 handle, do we get below it or do we continue closing above it, the momentum ion the past couple of hours still faVOURS BEARS, SO BULLS NEED TO WAIT LONGER BEFORE LOOKING LONG Green pips {image}
I will certainly keep that in mind.
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  • #3,196
  • Feb 3, 2020 3:26am Feb 3, 2020 3:26am
Quoting MzansiObi
Update: Plenty of indecision in LO hour as such the next clue lies in what PA does if/when it reaches that 1472 handle, do we get below it or do we continue closing above it, the momentum ion the past couple of hours still faVOURS BEARS, SO BULLS NEED TO WAIT LONGER BEFORE LOOKING LONG Green pips {image}
Monthly pivot is also @1572
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,197
  • Feb 3, 2020 3:56am Feb 3, 2020 3:56am
Quoting farukh
{quote} Monthly pivot is also @1572
lol its a good thing you keep on reminding me about that monthly pivot...... will add onto charts for analysis...

Quoting BiteFX
Buy looking good at the moment... Looks like these London guys want to buy some more {image}

agreed, lets break that high and get back above the 1580 mark and stay above it for bullish confidence.....



you guys are well on the money
4&1 All Time Profit: $37,496
  • #3,198
  • Feb 3, 2020 7:02am Feb 3, 2020 7:02am
Buy still looking good at the moment... But, I don't trust that PIVOT by any means.
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  • #3,199
  • Feb 3, 2020 7:25am Feb 3, 2020 7:25am
Quoting BiteFX
Buy still looking good at the moment... But, I don't trust that PIVOT by any means. {image}
The RSI and stoch beginning to show some bullish divergence, will be a slow and steady race id say....

But that m15 200 handle is the first point of resistance now, so long as we keep dipping back below it then the bulls aren’t really kicking on yet, it sums up the session of indecision following the LOndon Open hour....

thinking of scaling out and leaving pending orders at 1570 and actually waiting on it to tag and bounce higher.....
4&1 All Time Profit: $37,496
  • #3,200
  • Feb 3, 2020 8:48am Feb 3, 2020 8:48am
Quoting MzansiObi
{quote} The RSI and stoch beginning to show some bullish divergence, will be a slow and steady race id say.... But that m15 200 handle is the first point of resistance now, so long as we keep dipping back below it then the bulls aren’t really kicking on yet, it sums up the session of indecision following the LOndon Open hour.... thinking of scaling out and leaving pending orders at 1570 and actually waiting on it to tag and bounce higher.....
Hmmm... I see
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