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4 + 1 (Metals) strategy

  • #3,361
  • Feb 7, 2020 1:59pm Feb 7, 2020 1:59pm
Buy looking very good...
We Stay Alive...Rallying this stuff!
Learn... Work Hard... Trade Alone
  • #3,362
  • Feb 7, 2020 2:43pm Feb 7, 2020 2:43pm
It's weekend... Let's have a nice one dudes.
Learn... Work Hard... Trade Alone
  • #3,363
  • Feb 7, 2020 2:47pm Feb 7, 2020 2:47pm
And please, we need to cross check all our trades for this week... To see possible corrections where we might have made mistakes. Trading journal becomes important here.
Sharpen the trading strategy, and look forward to a profitable next week.

Every serious trader should have a trading journal.
Learn... Work Hard... Trade Alone
  • #3,364
  • Feb 7, 2020 2:48pm Feb 7, 2020 2:48pm
Quoting BiteFX
Buy looking very good... We Stay Alive...Rallying this stuff!
Just closed one, two still running.
Learn... Work Hard... Trade Alone
  • #3,365
  • Feb 8, 2020 3:33am Feb 8, 2020 3:33am
Weekend... Study mode activated.
Learn... Work Hard... Trade Alone
  • #3,366
  • Feb 8, 2020 11:53am Feb 8, 2020 11:53am
This post is dedicated to two people here on this thread.
1. MzansiObi - for inspiring the idea of intra day trading range in me. Thank you for this thread. You're a great trader.
2. Rudrax - for continuously asking about the price on my chart levels. You are a motivation.

Eureka... We Stay Alive
Attached Image (click to enlarge)
Click to Enlarge Name: Text Over Photo1581182594994.jpg Size: 135 KB
Learn... Work Hard... Trade Alone
  • #3,367
  • Feb 9, 2020 5:25pm Feb 9, 2020 5:25pm
Today's Trend
Possible entries...
Limit orders
1. Buy Breakout
2. Buy Support
3. Buy Pivot
Stop orders
4. Buy Resistance
5. Buy Breakout
6. Buy Reversal (needs some guts)

NB: Please cross check with MzansiObi's price levels.

We Stay Alive...
Attached Image (click to enlarge)
Click to Enlarge Name: Text Over Photo1581290174874.jpg Size: 123 KB
Learn... Work Hard... Trade Alone
  • #3,368
  • Feb 9, 2020 6:18pm Feb 9, 2020 6:18pm
Quoting BiteFX
Today's Trend Possible entries... Limit orders 1. Buy Breakout 2. Buy Support 3. Buy Pivot Stop orders 4. Buy Resistance 5. Buy Breakout 6. Buy Reversal (needs some guts) NB: Please cross check with MzansiObi's price levels. We Stay Alive... {image}
After thought :
This is Forex, anything is possible! So, we may wait to convert stop orders to limit orders by allowing price to break past those levels and on retesting those levels we are in.
Learn... Work Hard... Trade Alone
  • #3,369
  • Feb 9, 2020 10:07pm Feb 9, 2020 10:07pm
Quoting BiteFX
This post is dedicated to two people here on this thread. 1. MzansiObi - for inspiring the idea of intra day trading range in me. Thank you for this thread. You're a great trader. 2. Rudrax - for continuously asking about the price on my chart levels. You are a motivation. Eureka... We Stay Alive {image}
Thanks BiteFX...
We will stay alive...
  • #3,370
  • Feb 10, 2020 1:46am Feb 10, 2020 1:46am
10 February 2020



New week, new Possibilities
From a top down approach the Daily chart found supportive price action from the lower band of the D1 buy zone, since finding support at that lower band we have proceeded to make higher daily highs and close which is good to see price behaving like that near support inside the D1 buy area,
The H1 chart is also bullish now and following periods of consolidation and trading below the H1 200, we managed to break above it and stay above it, and as BiteFX pointed out, the continued H1 close above the handle together with the Higher highs on the H1 have validated that outlook for bullish H1 outlook.
Our M15 chart is also bullish in nature with price masking a series of higher highs and also trading above the m15 200 handle...


With that said, if not already long, opportunities exist to go long as the current H1 structure is showing an HnS pattern which will allow price to dip and atleast get a pullback into the H1 buy zone.


H1: Bullish and Buy Zone: 1570.74 - 1569.30
H4: Neutral/Flat.
D1: Bullish and Buy Zone: 1564.27 - 1552.25




Intra Day Levels
Upside
1589.16
1585.85
1581.60
1576.52
1573.37

Downside
1569.13
1567.43
1563.21
1560.06
1558.82

H1: (i) Supportive Hq1 Buy Zone price action above the H1 200

Green Pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDDaily_LI.jpg Size: 943 KB
Click to Enlarge Name: XAUUSDH1_LI.jpg Size: 928 KB
Click to Enlarge Name: XAUUSDM15_LI.jpg Size: 857 KB
4&1 All Time Profit: $37,496
  • #3,371
  • Feb 10, 2020 2:30am Feb 10, 2020 2:30am
Quoting MzansiObi
10 February 2020 New week, new Possibilities From a top down approach the Daily chart found supportive price action from the lower band of the D1 buy zone, since finding support at that lower band we have proceeded to make higher daily highs and close which is good to see price behaving like that near support inside the D1 buy area, The H1 chart is also bullish now and following periods of consolidation and trading below the H1 200, we managed to break above it and stay above it, and as BiteFX pointed out, the continued H1 close above the handle...
There is an inverse hns on m15 which can take it to high directly without pulling back. I m looking for 1585.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,372
  • Feb 10, 2020 2:31am Feb 10, 2020 2:31am
Quoting MzansiObi
10 February 2020 New week, new Possibilities From a top down approach the Daily chart found supportive price action from the lower band of the D1 buy zone, since finding support at that lower band we have proceeded to make higher daily highs and close which is good to see price behaving like that near support inside the D1 buy area, The H1 chart is also bullish now and following periods of consolidation and trading below the H1 200, we managed to break above it and stay above it, and as BiteFX pointed out, the continued H1 close above the handle...
Weekl Levels

Upside
1630.74
1608.32
1604.73
1575.10

Downside
1572.55
1564.53
1558.03
1540.10
1536.57
4&1 All Time Profit: $37,496
  • #3,373
  • Feb 10, 2020 2:33am Feb 10, 2020 2:33am
Quoting farukh
{quote} There is an inverse hns on m15 which can take it to high directly without pulling back. I m looking for 1585.
Nice pick up, more so given the fact that the H1 is also in bullish mode already. Lets see which of the two holds up/ breaks first, cause was looking at a buy dip near the m15 200/ H1 200 handle to load long..
4&1 All Time Profit: $37,496
  • #3,374
  • Feb 10, 2020 3:35am Feb 10, 2020 3:35am
Quoting MzansiObi
10 February 2020 New week, new Possibilities From a top down approach the Daily chart found supportive price action from the lower band of the D1 buy zone, since finding support at that lower band we have proceeded to make higher daily highs and close which is good to see price behaving like that near support inside the D1 buy area, The H1 chart is also bullish now and following periods of consolidation and trading below the H1 200, we managed to break above it and stay above it, and as BiteFX pointed out, the continued H1 close above the handle...
Update: Bullish London Oppening Houras such will look to buy dips.


Pending Order;
Buy Limit
1567.91
SL 1552
TP open
4&1 All Time Profit: $37,496
  • #3,375
  • Feb 10, 2020 7:46am Feb 10, 2020 7:46am
Update:

Some bearish divergence on the cards, looking at 1568.59 as an immediate target now Farukh...Lets see if we get a dip low enough to get next set of longs going
4&1 All Time Profit: $37,496
  • #3,376
  • Feb 10, 2020 8:13am Feb 10, 2020 8:13am
Quoting MzansiObi
Update: Some bearish divergence on the cards, looking at 1568.59 as an immediate target now Farukh...Lets see if we get a dip low enough to get next set of longs going
agreed bud.. dip range has become low but watching PA's aggressiveness lets see if it gets there. it may dip sharply and then reflect back.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,377
  • Feb 10, 2020 8:23am Feb 10, 2020 8:23am
Quoting farukh
{quote} agreed bud.. dip range has become low but watching PA's aggressiveness lets see if it gets there. it may dip sharply and then reflect back.
What price is the PA?
  • #3,378
  • Feb 10, 2020 9:19am Feb 10, 2020 9:19am
Quoting Idunnu
{quote} What price is the PA?
PA stands for Price Action
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,379
  • Feb 10, 2020 9:26am Feb 10, 2020 9:26am
Quoting farukh
{quote} agreed bud.. dip range has become low but watching PA's aggressiveness lets see if it gets there. it may dip sharply and then reflect back.
Thats all im asking for, lol, not asking for much......just a buy dip will do...


Patience is very key at the moment.
4&1 All Time Profit: $37,496
  • #3,380
  • Feb 10, 2020 9:37am Feb 10, 2020 9:37am
Quoting MzansiObi
{quote} Thats all im asking for, lol, not asking for much......just a buy dip will do... Patience is very key at the moment.
Current Upper band of the H1 buy Zone becomes key area for further bullish continuation, price has literally bounced/ revewrsered on every retest of the area for the past couple of hours......
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15_LI.jpg Size: 857 KB
4&1 All Time Profit: $37,496
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