4 + 1 (Metals) strategy | Page 170 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Simple 5 Min Gold (XAUUSD) Strategy 79 replies

Digamber Shankar PATIL's DSP Candle Strategy 349 replies

Strategy Backtesting Platforms 24 replies

5 Min Gold (XAUUSD) Divergence Strategy 176 replies

M5-Two-Way-Confirmation-Strategy 264 replies

Attachments: 4 + 1 (Metals) strategy
Exit Attachments

4 + 1 (Metals) strategy

  • #3,381
  • Feb 10, 2020 10:16am Feb 10, 2020 10:16am
Quoting MzansiObi
{quote} 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...... {image}
here is the correct image
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1PM_LI.jpg Size: 923 KB
4&1 All Time Profit: $37,496
  • #3,382
  • Feb 10, 2020 1:17pm Feb 10, 2020 1:17pm
Gooday Fam! this is my forecast on gold. Price has retested broken TL. However, i should pull the sell trigger after it has also broken out of my minor support TL that has been holding it sinc it break from my over all up TL. A further retest should bring me closer to pulling the trigger for a supposed 1:4 or 1:5 trade. lets see hoe it goes though. Remember we trade probabilities
Attached Image (click to enlarge)
Click to Enlarge Name: gold view.PNG Size: 59 KB
  • #3,383
  • Feb 10, 2020 6:01pm Feb 10, 2020 6:01pm
Today's Trend :
Bulls were exhausted yesterday giving a double top formation on the H1 Time Frame. Signals REVERSAL
With levels closer enough, breakout is certain....Sote

Trade idea : SELL
1. Limit Order at 1573.56
2. Stop Order at 1570.08

WE STAY ALIVE TODAY.
Attached Image (click to enlarge)
Click to Enlarge Name: Text Over Photo1581378127896.jpg Size: 126 KB
Learn... Work Hard... Trade Alone
  • #3,384
  • Feb 10, 2020 6:11pm Feb 10, 2020 6:11pm
Quoting BiteFX
Today's Trend : Bulls were exhausted yesterday giving a double top formation on the H1 Time Frame. Signals REVERSAL With levels closer enough, breakout is certain....Sote Trade idea : SELL 1. Limit Order at 1573.56 2. Stop Order at 1570.08 WE STAY ALIVE TODAY. {image}
After thought :
This is Forex, anything is possible!
Looking to buy? Should be around 3B-the more Conservative approach or 2B-the less conservative.
OR
IGNORE BUY ENTIRELY FOR TODAY.

Let's Stay Alive
Learn... Work Hard... Trade Alone
  • #3,385
  • Feb 10, 2020 7:29pm Feb 10, 2020 7:29pm
If we keep bouncing off of the 1570.38 handle then my outlook becomes another shot towards those highs from yesterday to be honest, Have taken a couple of buy dips off of this handle as scalps, so far, will keep recycling till it fails as the stochs and RSI are also pointing upwards again....
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15_LI 2.jpg Size: 876 KB
4&1 All Time Profit: $37,496
  • #3,386
  • Feb 10, 2020 7:54pm Feb 10, 2020 7:54pm
11 February 2020



Supportive price action from the H1 buy zone to begin the week and price managed to continue along the path of making higher highs and higher lows.
We did have a bit of an indecisive daily candle without much to work off of, as such we look towards the Zones for more clarity, across all the time frames, price remains bullish with the H1 seeming to take a bullish to neutral approach(Price has dipped below the lower band of the H1 buy Zone, but there has been no crossover*), which can be expected as price had drifted too high from the rest of the other buy zone areas, as such some pullback was expected.


H1: Bullish to Neutral:1571.88 - 1572.69
H4: Bullish and Zone: 1568.55 - 1569.91
D1: Bullish and Zone: 1554.04 - 1566.01


Intra Day Levels
Upside:
1587.50
1585.77
1581.39
1577.95
1575.82
1573.58

Downside:
1572.51
1570.35
1568.93
1566.80
1563.35
1558.71
1555.53


Green Pips
4&1 All Time Profit: $37,496
  • #3,387
  • Feb 10, 2020 9:26pm Feb 10, 2020 9:26pm
Yes keep buying we are on penant pattern tp 1583.
  • #3,388
  • Feb 10, 2020 10:33pm Feb 10, 2020 10:33pm
Quoting BiteFX
Today's Trend : Bulls were exhausted yesterday giving a double top formation on the H1 Time Frame. Signals REVERSAL With levels closer enough, breakout is certain....Sote Trade idea : SELL 1. Limit Order at 1573.56 2. Stop Order at 1570.08 WE STAY ALIVE TODAY. {image}
1S,2S,3S stand for first second and third Sell vice versa 1B,2B,3B stands for Buy
P stands for Pivot but what do V & B (Breakout Maybe) stand for
green pips to you
  • #3,389
  • Feb 11, 2020 1:46am Feb 11, 2020 1:46am
Update:
back above the H1 200 handle.
London Open in a few, if current hourly candle closes above the H1 200 and LOndon buys, then the H1 200 area becomes a good long entry point as it also falls inside the H4 bullish buy zone...immediate target becomes the upper backs of the H1 sell zone or 1571.55 as the H1 has flipped bearish....


green pips
4&1 All Time Profit: $37,496
  • #3,390
  • Feb 11, 2020 1:51am Feb 11, 2020 1:51am
Quoting BiteFX
Today's Trend : Bulls were exhausted yesterday giving a double top formation on the H1 Time Frame. Signals REVERSAL With levels closer enough, breakout is certain....Sote Trade idea : SELL 1. Limit Order at 1573.56 2. Stop Order at 1570.08 WE STAY ALIVE TODAY. {image}
Price Breakout at 1570.08. And retesting that level is a good Sell Re-entry in case you missed the first action for further down side toward 3B at 1555.30.

We Stay Alive... Fed Chair Powell Speaks today
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200211_085957_428.jpg Size: 12 KB
Learn... Work Hard... Trade Alone
  • #3,391
  • Feb 11, 2020 1:54am Feb 11, 2020 1:54am
Quoting b_hand
Yes keep buying we are on penant pattern tp 1583.
Please, may I see the chart representation for the pennant pattern? Thank you.
Learn... Work Hard... Trade Alone
  • #3,392
  • Feb 11, 2020 2:20am Feb 11, 2020 2:20am
Quoting MzansiObi
Update: back above the H1 200 handle. London Open in a few, if current hourly candle closes above the H1 200 and LOndon buys, then the H1 200 area becomes a good long entry point as it also falls inside the H4 bullish buy zone...immediate target becomes the upper backs of the H1 sell zone or 1571.55 as the H1 has flipped bearish.... green pips
I am expecting price to reach 1556 sma200 on h4 confluences with trend line and daily buy zone.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,393
  • Feb 11, 2020 3:09am Feb 11, 2020 3:09am
Quoting farukh
{quote} I am expecting price to reach 1556 sma200 on h4 confluences with trend line and daily buy zone.
Anything is possible bro! I'm all in.
Learn... Work Hard... Trade Alone
  • #3,394
  • Feb 11, 2020 3:13am Feb 11, 2020 3:13am
Quoting farukh
{quote} I am expecting price to reach 1556 sma200 on h4 confluences with trend line and daily buy zone.
Definately wont rull it out considering the fact that the H1 has flipped bearish, but now there is a serious battle between the m15 200 handle and the H1 200 Battle, price busy ranging between the two.... But Just remember we are in a long term bullish phase and the daily bulls are relentless plus these continued rejection wicks cant be ignored, the H1 keeps pulling back back up towards and above the 200 MA handle... lets see what it does
4&1 All Time Profit: $37,496
  • #3,395
  • Feb 11, 2020 3:24am Feb 11, 2020 3:24am
Quoting MzansiObi
{quote} Definately wont rull it out considering the fact that the H1 has flipped bearish, but now there is a serious battle between the m15 200 handle and the H1 200 Battle, price busy ranging between the two.... But Just remember we are in a long term bullish phase and the daily bulls are relentless plus these continued rejection wicks cant be ignored, the H1 keeps pulling back back up towards and above the 200 MA handle... lets see what it does
The first bullish support candle on the H1 came about our key level, then it was followed by an indecisive candle that still managed to close above our key level followed by a pin, now the only thing thats of concern before i go full on bullish with a bigger lot size is that the H1 has got a sell zone just above i woul;d like to see it flip bullish aswell abd get the first H1 close above the 1571.14 handle first.....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDH1LO_LI 2.jpg Size: 852 KB
Click to Enlarge Name: XAUUSDM15LO_LI.jpg Size: 821 KB
4&1 All Time Profit: $37,496
  • #3,396
  • Feb 11, 2020 6:02am Feb 11, 2020 6:02am
Bulls will be trapped above 1568.52.
Today's market is really deceptive. I am really beginning to enjoy this rhythm...

We go down Alive until 1555.30
Learn... Work Hard... Trade Alone
  • #3,397
  • Feb 11, 2020 6:10am Feb 11, 2020 6:10am
Every trading day has a winner... Bears or Bulls. This is depicted by the colour and size of the daily candle.

Bulls were exhausted yesterday, that's a subtle little signal to go short today.
Learn... Work Hard... Trade Alone
  • #3,398
  • Feb 11, 2020 6:35am Feb 11, 2020 6:35am
Quoting BiteFX
Every trading day has a winner... Bears or Bulls. This is depicted by the colour and size of the daily candle. Bulls were exhausted yesterday, that's a subtle little signal to go short today.
While I agree with you to a degree....H1 RSI and stochs pointing up, and keep on being rejected below the 200 MA, the moment we close above the m15 200 bears may be in some hot water.....sentiment has changed since the daily open.....we were bearish(correction from previous rally) followed buy bullish impulse from key supportive, area on the H1.....would t write off the bulls just yet mate.
4&1 All Time Profit: $37,496
  • #3,399
  • Feb 11, 2020 6:38am Feb 11, 2020 6:38am
Quoting Rudrax
{qu
ote} 1S,2S,3S stand for first second and third Sell vice versa 1B,2B,3B stands for Buy P stands for Pivot but what do V & B (Breakout Maybe) stand for green pips to you
Yes Rudrax, you are right.
V=reversal
B=breakout
We Stay Alive bro
Learn... Work Hard... Trade Alone
  • #3,400
  • Feb 11, 2020 6:43am Feb 11, 2020 6:43am
Quoting MzansiObi
{quote} While I agree with you to a degree....H1 RSI and stochs pointing up, and keep on being rejected below the 200 MA, the moment we close above the m15 200 bears may be in some hot water.....sentiment has changed since the daily open.....we were bearish(correction from previous rally) followed buy bullish impulse from key supportive, area on the H1.....would t write off the bulls just yet mate.
Hot water pepper soup...
Ouk...I like your analysis bro.
Learn... Work Hard... Trade Alone
1 trader viewing now