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Attachments: 4 + 1 (Metals) strategy
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4 + 1 (Metals) strategy

  • #3,241
  • Feb 4, 2020 9:16pm Feb 4, 2020 9:16pm
Buy looking good at the moment
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  • #3,242
  • Feb 4, 2020 9:30pm Feb 4, 2020 9:30pm
Quoting MzansiObi
{quote} Morning Bite, Would you mind to elaborate a little on this for clarity?
Great morning MzansiObi!
With pleasure.

As on the chart, my chart in above post for today.
1. Support may be a good by entry. Because it sits above yesterday's reversal.
2. If support is broken downward today, breakout is next, and may be a false one leading to a good buy entry.
3. Price may spike to Resistance, I don't trust that my PIVOT to conduct any reversal that price may want to do. Hence, the sell Resistance.
4. If resistance is broken upward today, the next is breakout and may be a false one, leading to a good sell entry. Thinking bulls might have exhausted themselves to get there.

But, you and I know that two traders can be looking at the same chart, but seeing two different things. So, I post all possibilities to the best of my imagination.
Imagination is more powerful than knowledge- Albert Einstein
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  • #3,243
  • Feb 4, 2020 9:33pm Feb 4, 2020 9:33pm
Quoting BiteFX
{quote} Great morning MzansiObi! With pleasure. As on the chart, my chart in above post for today. 1. Support may be a good by entry. Because it sits above yesterday's reversal. 2. If support is broken downward today, breakout is next, and may be a false one leading to a good buy entry. 3. Price may spike to Resistance, I don't trust that my PIVOT to conduct any reversal that price may want to do. Hence, the sell Resistance. 4. If resistance is broken upward today, the next is breakout and may be a false one, leading to a good sell entry....
Just my thoughts though bro.
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  • #3,244
  • Feb 4, 2020 9:35pm Feb 4, 2020 9:35pm
Quoting BiteFX
{quote} Great morning MzansiObi! With pleasure. As on the chart, my chart in above post for today. 1. Support may be a good by entry. Because it sits above yesterday's reversal. 2. If support is broken downward today, breakout is next, and may be a false one leading to a good buy entry. 3. Price may spike to Resistance, I don't trust that my PIVOT to conduct any reversal that price may want to do. Hence, the sell Resistance. 4. If resistance is broken upward today, the next is breakout and may be a false one, leading to a good sell entry....
Got you...


Just wanted clarity as it helps some of our other co traders on the forum to get a better understanding.

I have a pending buy order at

1545.68
SL 1530
TP OPen



Green Pips
4&1 All Time Profit: $37,496
  • #3,245
  • Feb 4, 2020 9:41pm Feb 4, 2020 9:41pm
Quoting MzansiObi
{quote} Got you... Just wanted clarity as it helps some of our other co traders on the forum to get a better understanding. I have a pending buy order at 1545.68 SL 1530 TP OPen Green Pips
Yeah...Great bro. Just some few pips below Jan 21st 2020 rejection. Kai...MzansiObi!

I know you are a great trader.
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  • #3,246
  • Feb 4, 2020 9:47pm Feb 4, 2020 9:47pm
MzansiObi,
I figured that you are doing a great job posting those price levels.
I just can't be posting price at those levels again. Sincerely for me it is tiring.
If the chart is taken apart by tracing the grid lines, it should assist our fellow traders to find your price levels.
And then make informed decisions.
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  • #3,247
  • Feb 5, 2020 1:13am Feb 5, 2020 1:13am
Buy still going good... Hmmm! Nice!
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  • #3,248
  • Feb 5, 2020 1:23am Feb 5, 2020 1:23am
1563-68 has become key for further bears. Downside 1544-46 can play strong support for bulls. Watch out price action to response accordingly.

Final acquittal decision of Trump is also scheduled today which is likely in favor of Trump.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,249
  • Feb 5, 2020 1:34am Feb 5, 2020 1:34am
Bullish Triangle acting as hidden resistance.
But, we choose to go UP.
Thank you.
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  • #3,250
  • Feb 5, 2020 1:36am Feb 5, 2020 1:36am
Quoting farukh
1563-68 has become key for further bears. Downside 1544-46 can play strong support for bulls. Watch out price action to response accordingly. Final acquittal decision of Trump is also scheduled today which is likely in favor of Trump.
Hmmm... Nice
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  • #3,251
  • Feb 5, 2020 2:10am Feb 5, 2020 2:10am
A lot of trouble today for USD.
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  • #3,252
  • Feb 5, 2020 2:16am Feb 5, 2020 2:16am
Guys do not be deceived... Before the news gets to the average floor trader, it has already been discounted by price on the chart.

*THE TRUE WEIGHT OF ANY NEWS UPDATE IS DISPLAYED ON THE CHART, NOT THE FIGURE THAT IS PUBLISHED FOR THE PUBLIC*

Hence, fundamentals are funnymentals.
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  • #3,253
  • Feb 5, 2020 2:38am Feb 5, 2020 2:38am
Update: Some decent rejection from inside the H1 sell Zones Upper band.

Very NB to note, we take sentiment from what the current Hourly close does...


Green Pips
4&1 All Time Profit: $37,496
  • #3,254
  • Feb 5, 2020 2:52am Feb 5, 2020 2:52am
Hidden resistance well done job.
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  • #3,255
  • Feb 5, 2020 3:10am Feb 5, 2020 3:10am
Quoting MzansiObi
Update: Some decent rejection from inside the H1 sell Zones Upper band. Very NB to note, we take sentiment from what the current Hourly close does... Green Pips
Bearish LO candle inside the H1 Sell Zone, As such will be looking to go:
short: 1565.46 Handle
Stops: 1572
Target would be at 1539.36

Buy Limit at
1545.68 split in half 0.5 of trade here,
SL 1530
TP OPen


Remaining 0.5 at
1535.57

Similar Stop Loss

Green Pips
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4&1 All Time Profit: $37,496
  • #3,256
  • Feb 5, 2020 3:24am Feb 5, 2020 3:24am
Quoting BiteFX
Hidden resistance well done job. {image}
Support to be retested by the bears... Interesting!
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  • #3,257
  • Feb 5, 2020 3:31am Feb 5, 2020 3:31am
Another buy opportunity in case you missed the first one.
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  • #3,258
  • Feb 5, 2020 3:32am Feb 5, 2020 3:32am
These bears are resilient and relentless.
Wheeew!
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  • #3,259
  • Feb 5, 2020 3:38am Feb 5, 2020 3:38am
Buy limit activated. Brokers with wide spread be careful!
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  • #3,260
  • Feb 5, 2020 3:49am Feb 5, 2020 3:49am
Support broken... We are headed to breakout... Anything is possible!
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