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4 + 1 (Metals) strategy

  • #3,321
  • Feb 6, 2020 8:50pm Feb 6, 2020 8:50pm
Quoting BiteFX
{quote} I'm with you... Let's see if it plays out Bro. Welcome back. {image}
sure! lets see...as you know, we trade probabilities
  • #3,322
  • Feb 6, 2020 8:51pm Feb 6, 2020 8:51pm
Quoting likeasunrise
Hi all, another perspective. I'm new and still learning, just sharing my analysis and thoughts. {image}
You're in the right place mahn!!! I learnt alot from here too
  • #3,323
  • Feb 6, 2020 8:58pm Feb 6, 2020 8:58pm
Quoting BiteFX
{quote} There is no new soldier on the battle ground. We are all traders. We Stay Alive. You may be new, but may have acquired the experience of 20 years in trading by devouring the materials of a successful 20 years trader. *But can you please explain you perspective from the chart?* Thanks a lot bro
Nevertheless, One still has to experience a number of things for him/herself though
  • #3,324
  • Feb 6, 2020 10:28pm Feb 6, 2020 10:28pm
Quoting Tragruel
guys, can you please read post #1, this thread is dedicated to a specific strategy Obi is sharing with us and daily talking about it.... Now, his posts are buried with non related to the original strategy... that is fine and greatly appreciated that you share your calls, strategies. I think everyone agree with this and its good to have different point of view even on a specific strategy.. But I guess it only make sense to : - create your own thread - post in a more generic Gold related thread, like this...
Yeah... But afa i have seen both Mzansi Sir and BiteFX Sir both sing from the same page.... Thats why its a advantage for newbie traders like me to go through many perspectives in the same chart...
  • #3,325
  • Feb 6, 2020 11:03pm Feb 6, 2020 11:03pm
Quoting BiteFX
FOR TODAY Trend- We have a new resistance and a new support. Trade idea 1. Buy RESISTANCE 2. Buy PIVOT Until...Breakout or Reversal. Follow the chart. {image}
Sir,, I am a bit confused... Buy Resistance???
  • #3,326
  • Feb 7, 2020 1:33am Feb 7, 2020 1:33am
Quoting Spirit4eva
{quote} sure! lets see...as you know, we trade probabilities
Exactly bro...
Learn... Work Hard... Trade Alone
  • #3,327
  • Feb 7, 2020 1:35am Feb 7, 2020 1:35am
07 February 2020


Bit of an ionverse HnS pattern on the H1 that formed yesterday and pushed prices up towards the H1 200..
As things stand we have been capped at that H1 200 despite the H1 having turned bullish...

For now, the outlook becomes to buy the H1 dips towards the H1 200, take some profit and see if we will manage to get back above the H1 200, as mentioned prior to the breakout lower, the H1 200 acted as support for weeks on end and now we can expect it to act as resistance going forward, we will also need to make use of what the London open does in that first hour of trading when they open..


H1: Bullish and Buy Zone: 1563.86 - 1565.30
H4 Bearish and Sell ZOne: 1565.51 - 1563.05
D1: Bullish and Buy Zone: 1550.53 - 156341

Intra day Levels
Upside:
1588.17
1581.71
1578.23
1572.21
1568.50
1566.81

Downside:

1563.10
1560.41
1558.55
1556.47
1552.76
1550.86
1540.95


Green Pips..
4&1 All Time Profit: $37,496
  • #3,328
  • Feb 7, 2020 1:37am Feb 7, 2020 1:37am
Quoting Spirit4eva
{quote} Nevertheless, One still has to experience a number of things for him/herself though
You're very correct bro...
After knowledge. Professional knowledge... Then, You follow imagination. Your own imagination.
Albert Einstein...Imagination is better than knowledge.
Learn... Work Hard... Trade Alone
  • #3,329
  • Feb 7, 2020 1:39am Feb 7, 2020 1:39am
Quoting Rudrax
{quote} Sir,, I am a bit confused... Buy Resistance???
Please, zoom in the chart, trace the resistance to price.
Cross check with MzansiObi's price levels.
Then pick your entry.
Learn... Work Hard... Trade Alone
  • #3,330
  • Feb 7, 2020 1:41am Feb 7, 2020 1:41am
Quoting Rudrax
{quote} Sir,, I am a bit confused... Buy Resistance???
More so, no Sir(s) thing...
Just BiteFX.

We Stay Alive today.
Learn... Work Hard... Trade Alone
  • #3,331
  • Feb 7, 2020 1:42am Feb 7, 2020 1:42am
With regards to the posts, i think the primary focus remains around us posting on Gold, and the content that we are putting across must be detailed enough to ensure that we all understand what you are trying to say...

As Trag mentioned, we look at Page one, post one as guidance for the content but if there are similarities in terms of the setup you are identifying and your outlook, then please feel free to share, at the end of the day we should all look to learn/assist each other towards making some pips...
4&1 All Time Profit: $37,496
  • #3,332
  • Feb 7, 2020 2:19am Feb 7, 2020 2:19am
very indecisive day..
for me, h1 close above 1570 is buy or close below 1560 is sell. a fight between sma50 and sma200 on h1 chart
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,333
  • Feb 7, 2020 2:34am Feb 7, 2020 2:34am
Quoting farukh
very indecisive day.. for me, h1 close above 1570 is buy or close below 1560 is sell. a fight between sma50 and sma200 on h1 chart
agreed, but the m15 has got a bit of a HnS building up, although it is a little flat i am thinking we will retest the 1562.27 handle before we do go up atleast,


Have got a short running here from the right shoulder of the HnS as per the m15 chart...
4&1 All Time Profit: $37,496
  • #3,334
  • Feb 7, 2020 3:06am Feb 7, 2020 3:06am
Update: Bearish LO hourly candle close below the H1 200 handle, as such will look to short towards the M15 200 and have a look at what price does when it gets there
4&1 All Time Profit: $37,496
  • #3,335
  • Feb 7, 2020 3:09am Feb 7, 2020 3:09am
Quoting MzansiObi
{quote} agreed, but the m15 has got a bit of a HnS building up, although it is a little flat i am thinking we will retest the 1562.27 handle before we do go up atleast, Have got a short running here from the right shoulder of the HnS as per the m15 chart...
HnS on h1 too
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200207-1404152.png Size: 112 KB
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,336
  • Feb 7, 2020 3:09am Feb 7, 2020 3:09am
Quoting Spirit4eva
{quote} You're in the right place mahn!!! I learnt alot from here too
Welcome back Spirit.


Been wondering where youre hiding.
Agreed, we all learn from one another...
4&1 All Time Profit: $37,496
  • #3,337
  • Feb 7, 2020 3:26am Feb 7, 2020 3:26am
Should been looking forward to going short buh its few hours before NFP and Unemployment and Average hourly earnings reports.
dont want to gamble as im not certain of the big boys reaction to the report's release.
Safe trading y'all!!!
Attached Image (click to enlarge)
Click to Enlarge Name: Gold down TL view.PNG Size: 53 KB
  • #3,338
  • Feb 7, 2020 3:33am Feb 7, 2020 3:33am
Quoting MzansiObi
{quote} Welcome back Spirit. Been wondering where you're hiding. Agreed, we all learn from one another...
Lol! you know it takes ages for these H4 candles to form not to talk of placing a trade...Lol!!!
  • #3,339
  • Feb 7, 2020 3:55am Feb 7, 2020 3:55am
Buy looking good...
Learn... Work Hard... Trade Alone
  • #3,340
  • Feb 7, 2020 4:00am Feb 7, 2020 4:00am
Quoting Spirit4eva
{quote} Lol! you know it takes ages for these H4 candles to form not to talk of placing a trade...Lol!!!
That was the very reason I ran to H1 chart around January this year.
We just have to Stay Alive bro.
Learn... Work Hard... Trade Alone
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