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4 + 1 (Metals) strategy

  • #3,401
  • Feb 11, 2020 6:46am Feb 11, 2020 6:46am
Quoting Rudrax
{quote} 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
And green pips to you too.
Learn... Work Hard... Trade Alone
  • #3,402
  • Edited 11:47am Feb 11, 2020 6:57am | Edited 11:47am
This is Fibonacci Arc.
It is derived mathematically using PRICE.
A breakout below the arc signals bearishness. And a breakout above the arc signals bullishness as with the last week's head and shoulder pattern. It was there too.

And as with yesterday's double top, it is here again.

But, this is Forex, anything is possible!

So, we stay alive...
Attached Image (click to enlarge)
Click to Enlarge Name: Text Over Photo1581425556585.jpg Size: 84 KB
Learn... Work Hard... Trade Alone
  • #3,403
  • Feb 11, 2020 7:04am Feb 11, 2020 7:04am
Quoting BiteFX
This is Fibonacci Arc. It is derived mathematically using PRICE. A breakout below the arc signals bearishness. And a breakout above the arc signal bullishness as with the last week's head and shoulder pattern. It was there too. And as with yesterday's double top, it is here again. But, this is Forex, anything is possible! So, we stay alive... {image}
Oh! I forgot to add... Mr Fibonacci Arc, he doesn't show up everyday until when Mr Price invites him for dinner.
Learn... Work Hard... Trade Alone
  • #3,404
  • Feb 11, 2020 7:13am Feb 11, 2020 7:13am
Pending buy order.
normal lot size:
1568.39
Sl 1558
TP Open.


lets go.
4&1 All Time Profit: $37,496
  • #3,405
  • Feb 11, 2020 7:39am Feb 11, 2020 7:39am
Another good sell re-entry, in case you missed the first action. 1572.60
Stay Alive...
Learn... Work Hard... Trade Alone
  • #3,406
  • Feb 11, 2020 8:03am Feb 11, 2020 8:03am
Our bearish flight is about to take off... More space if you want to go along.
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  • #3,407
  • Feb 11, 2020 9:04am Feb 11, 2020 9:04am
Double Top... My typical Castle Pattern-Two Heads and Two Shoulders.

Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200211_160158_960.jpg Size: 107 KB
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  • #3,408
  • Feb 11, 2020 9:33am Feb 11, 2020 9:33am
Bulls were were eventually trapped at 1573.56-false breakout...Sote
Thank you Mr Fibonacci Arc.

I am alive...
Learn... Work Hard... Trade Alone
  • #3,409
  • Edited 10:13am Feb 11, 2020 10:02am | Edited 10:13am
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}
First profit(s) target almost reached at 1561.91
Thank you.
Learn... Work Hard... Trade Alone
  • #3,410
  • Feb 11, 2020 12:06pm Feb 11, 2020 12:06pm
Quoting BiteFX
{quote} First profit(s) target almost reached at 1561.91 Thank you.
That rally up towards 1574 brings in a target near 1557ish give or take.... H1 created a HnS Setup and the leg lower brought us back below the H1 200 abd we have stayed below it.....lets see...
Attached Image (click to enlarge)
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4&1 All Time Profit: $37,496
  • #3,411
  • Feb 11, 2020 1:35pm Feb 11, 2020 1:35pm
Quoting MzansiObi
Pending buy order. normal lot size: 1568.39 Sl 1558 TP Open. lets go.
Closed this at BE.
leaving a short running from same level reduced lot size. See you guys during Asia Session


Green Pips
4&1 All Time Profit: $37,496
  • #3,412
  • Feb 11, 2020 2:38pm Feb 11, 2020 2:38pm
Gold, why have you refused to take my profit(s) target until now?
I have said no position(s) over night, but twice now I have exceptions.
Ouk... I stay alive.
Learn... Work Hard... Trade Alone
  • #3,413
  • Feb 11, 2020 2:41pm Feb 11, 2020 2:41pm
Quoting BiteFX
Gold, why have you refused to take my profit(s) target until now? I have said no position(s) over night, but twice now I have exceptions. Ouk... I stay alive.
Trading is not an exact science. It has a blend of it together with other inputs to guarantee success over time.
Learn... Work Hard... Trade Alone
  • #3,414
  • Edited 5:44pm Feb 11, 2020 5:26pm | Edited 5:44pm
Today's Trend :
So, we look to Sell, Sell, & Sell.
Possible trade entries...
Limit order:
1. 1569.96
2. 1567.48
Stop order
3. 1564.41
Learn... Work Hard... Trade Alone
  • #3,415
  • Feb 11, 2020 5:35pm Feb 11, 2020 5:35pm
Quoting BiteFX
Today's Trend : So, we look to Sell, Sell, & Sell. Possible trade entries... Limit order: 1. 1569.96 2. 1567.48 Stop order 3. 1564.41
After thought :
I'm not a fundamentals man but, these guys too rock!
Although, this is Forex and anything is possible, yet, buying is not encouraged for today.
Fed Chair Powell continues testimony part II
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200212_003048_981.jpg Size: 12 KB
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  • #3,416
  • Feb 11, 2020 5:43pm Feb 11, 2020 5:43pm
Quoting BiteFX
{quote} First profit(s) target almost reached at 1561.91 Thank you.
Profits Target adjusted downwards to be exactly at 1559.45
Gold, I need this today.
Thank you.
Learn... Work Hard... Trade Alone
  • #3,417
  • Feb 11, 2020 5:45pm Feb 11, 2020 5:45pm
Quoting BiteFX
{quote} Profits Target adjusted downwards to be exactly at 1559.45 Gold, I need this today. Thank you.
First profits target off course.
Learn... Work Hard... Trade Alone
  • #3,418
  • Feb 11, 2020 8:43pm Feb 11, 2020 8:43pm
12 February 2020


Price still playing around the H1 200 handle, not much has changed in terms of the zones where would be looking to open positions, for now, the best thing becomes to wait for more clarity and see what price does as it gets near the H1 200 handle, will it close above it or below it on an hourly basis, if it does, what will it do on the m15 200, so we will take it one step at a time and look to follow market sentiment/ direction. As mentioned yesterday and much to Bitefx's delight, the sell off from the H1 right hand shoulder has an immediate target around the 1556/7 handle which is also near one of our weekly downside levels, as such, should we fail to get back above the H1 200, will be marking that area as the low and looking to see if the Daily bulls can kick on, for now though, we take it one pip at a time and let the market give us more clarity...

H1: Bearish and Sell Zone: 1568 - 1568.73
H4: Bullish to Neutral: 1568.35 - 1569.1
D1: Bullish and Buy Zone: 1554.58 - 1566.04


Upside

1581.08
1579.85
1575.30
1572.5
1569.51
1568.90

Downside

1563.41
1560.87
1556.07
1553.07
1549.98

Green Pips
4&1 All Time Profit: $37,496
  • #3,419
  • Feb 11, 2020 8:51pm Feb 11, 2020 8:51pm
Quoting MzansiObi
12 February 2020 Price still playing around the H1 200 handle, not much has changed in terms of the zones where would be looking to open positions, for now, the best thing becomes to wait for more clarity and see what price does as it gets near the H1 200 handle, will it close above it or below it on an hourly basis, if it does, what will it do on the m15 200, so we will take it one step at a time and look to follow market sentiment/ direction. As mentioned yesterday and much to Bitefx's delight, the sell off from the H1 right hand shoulder has...
I am currently having short position but looking h1 200sma to keep it or not. H4 is printing inverse hns around 1560-63 if it holds as right shoulder.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,420
  • Feb 11, 2020 8:51pm Feb 11, 2020 8:51pm
Quoting BiteFX
Today's Trend : So, we look to Sell, Sell, & Sell. Possible trade entries... Limit order: 1. 1569.96 2. 1567.48 Stop order 3. 1564.41
Not too sure about this daily trend, for now thinking we still neutral as we have challenged the daily open and the fact that the Stochs and RSi still have plenty of room to go to the top is good sign for bulls, remember we are trading just above the D1 buy Zone
4&1 All Time Profit: $37,496
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