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4 + 1 (Metals) strategy

  • #3,421
  • Feb 12, 2020 12:25am Feb 12, 2020 12:25am
Quoting farukh
{quote} 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.
Nice pick up. There are a confluence of factora around that level to support buying dips, so even if there is some Drawdown, it will be momentary
4&1 All Time Profit: $37,496
  • #3,422
  • Feb 12, 2020 12:51am Feb 12, 2020 12:51am
Quoting farukh
{quote} 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.
Intact let’s see if we can get a decent Bullish H1 candle close around current levels and then look to that London opening hour
4&1 All Time Profit: $37,496
  • #3,423
  • Feb 12, 2020 1:18am Feb 12, 2020 1:18am
Quoting MzansiObi
{quote} 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
Down Trend continuation dude
Attached Image (click to enlarge)
Click to Enlarge Name: Text Over Photo1581463144489.jpg Size: 125 KB
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  • #3,424
  • Feb 12, 2020 1:26am Feb 12, 2020 1:26am
Quoting farukh
{quote} 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.
Farukh, Sell, Sell, Sell...
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  • #3,425
  • Feb 12, 2020 1:26am Feb 12, 2020 1:26am
Quoting BiteFX
{quote} Down Trend continuation dude {image}
BiteFX today 1st Buy and 1st Sell both are too far away from other levels?
We Stay Alive
  • #3,426
  • Feb 12, 2020 1:41am Feb 12, 2020 1:41am
Quoting Rudrax
{quote} BiteFX today 1st Buy and 1st Sell both are too far away from other levels? We Stay Alive
Yes they are.
My thoughts :
Price may break past that last week's head and shoulder pattern downward, V may not reverse price upward. Therefore, giving us a quick counter trend buying from either 1B, or 2B.
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  • #3,427
  • Feb 12, 2020 1:48am Feb 12, 2020 1:48am
Quoting Rudrax
{quote} BiteFX today 1st Buy and 1st Sell both are too far away from other levels? We Stay Alive
And off course...
We Stay Alive today...
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  • #3,428
  • Feb 12, 2020 2:41am Feb 12, 2020 2:41am
Quoting BiteFX
{quote} Down Trend continuation dude {image}
Almost at my first profit(s) target...1559.45
I Stay Alive...
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  • #3,429
  • Feb 12, 2020 3:09am Feb 12, 2020 3:09am
1560-1562 appears to be like a solid support after price hit 1550 area on previous wave. It seems act like a bounce off area for next wave. Long 1562 sl 1559. Tp 1576, 1586, 1596, 1616, 1626
  • #3,430
  • Feb 12, 2020 3:43am Feb 12, 2020 3:43am
Quoting BiteFX
{quote} Farukh, Sell, Sell, Sell...
It bounced off the same area. I couldn't close my short @1562
Let's see where current hourly candle gets closed..
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,431
  • Feb 12, 2020 3:57am Feb 12, 2020 3:57am
Quoting farukh
{quote} It bounced off the same area. I couldn't close my short @1562 Let's see where current hourly candle gets closed..
Yesterday's low... It will be broken
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  • #3,432
  • Feb 12, 2020 3:58am Feb 12, 2020 3:58am
Quoting goldgirl
1560-1562 appears to be like a solid support after price hit 1550 area on previous wave. It seems act like a bounce off area for next wave. Long 1562 sl 1559. Tp 1576, 1586, 1596, 1616, 1626
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  • #3,433
  • Feb 12, 2020 4:01am Feb 12, 2020 4:01am
Quoting farukh
{quote} It bounced off the same area. I couldn't close my short @1562 Let's see where current hourly candle gets closed..
It will get to 1559.45 my calculation. That is where I shifted my yesterday's and today sell orders' profit to.
Still according to calculation.
But, this is Forex, anything is possible!

We Stay Alive bro...
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  • #3,434
  • Feb 12, 2020 4:02am Feb 12, 2020 4:02am
Quoting BiteFX
{quote} Yesterday's low... It will be broken
May it be
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,435
  • Feb 12, 2020 4:02am Feb 12, 2020 4:02am
Another sell opportunity for those who missed the first action...1564.41 still very valid
Thank you.
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  • #3,436
  • Feb 12, 2020 4:06am Feb 12, 2020 4:06am
Quoting farukh
{quote} May it be
Look at the chart again bro.
Looks too good to be true.
Gold in a down trend? NEVER!
But, that's it bro... We're going today.
Attached Image (click to enlarge)
Click to Enlarge Name: Text Over Photo1581463144489.jpg Size: 125 KB
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  • #3,437
  • Feb 12, 2020 4:52am Feb 12, 2020 4:52am
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
Trade idea still valid.
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  • #3,438
  • Feb 12, 2020 6:16am Feb 12, 2020 6:16am
Update:
Daily bulls are still present albeit in a rather slow and somber manner, looking to see if we can get another bullish daily close here to get us going, may require some patience from the onset....

1568.11 becomes first obstacle....
4&1 All Time Profit: $37,496
  • #3,439
  • Feb 12, 2020 6:51am Feb 12, 2020 6:51am
Quoting MzansiObi
Update: Daily bulls are still present albeit in a rather slow and somber manner, looking to see if we can get another bullish daily close here to get us going, may require some patience from the onset.... 1568.11 becomes first obstacle....
I have one sell entry from that very same level.
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  • #3,440
  • Feb 12, 2020 7:45am Feb 12, 2020 7:45am
Price still speaking... If it looks like it's going to rain, then it will.
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