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4 + 1 (Metals) strategy

  • #3,441
  • Feb 12, 2020 7:54am Feb 12, 2020 7:54am
Quoting BiteFX
{quote} I have one sell entry from that very same level.
Its beginning to suggest something on the M15 chart, Lets see what it does when iit gets there, does it close above that level or below it....
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15PM_LI.jpg Size: 780 KB
4&1 All Time Profit: $37,496
  • #3,442
  • Feb 12, 2020 7:56am Feb 12, 2020 7:56am
Quoting MzansiObi
{quote} Its beginning to suggest something on the M15 chart, Lets see what it does when iit gets there, does it close above that level or below it.... {image}
Inverse head and shoulder? Hmmm... Anything is possible!
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  • #3,443
  • Feb 12, 2020 7:59am Feb 12, 2020 7:59am
Quoting BiteFX
{quote} 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 {image}
In an hour
Wheeew!
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  • #3,444
  • Feb 12, 2020 8:25am Feb 12, 2020 8:25am
No doubts about the direction of today's market bias.
My prediction: it will be a run away market.
Wicked brokers will requote traders' market orders.
Stop losses will be cut with speed.
So, take profits will be taken with speed too.

We Stay Alive...
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  • #3,445
  • Feb 12, 2020 8:40am Feb 12, 2020 8:40am
Price Thrust...
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  • #3,446
  • Feb 12, 2020 8:51am Feb 12, 2020 8:51am
Quoting BiteFX
Price Thrust...
There is long term trend line support along with h4 sma200 @1559
I'll close half of my short there and leave half with zero SL.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,447
  • Feb 12, 2020 9:03am Feb 12, 2020 9:03am
For the Funnymentalists, has Powell spoken yet?
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  • #3,448
  • Feb 12, 2020 10:02am Feb 12, 2020 10:02am
The battle is not over until 23:00 today... Range for all I care!
I need.
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  • #3,449
  • Feb 12, 2020 10:35am Feb 12, 2020 10:35am
Quoting BiteFX
{quote} Trade idea still valid.
Still playing out... is the essence.
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  • #3,450
  • Feb 12, 2020 10:39am Feb 12, 2020 10:39am
It's not possible for two traders to look at the same chart and see the same thing all the time.
One will be a corrective wave, while the other will be an impulse wave. You make money either way.

But,

I Stay Alive...
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  • #3,451
  • Feb 12, 2020 10:39am Feb 12, 2020 10:39am
Quoting farukh
{quote} There is long term trend line support along with h4 sma200 @1559 I'll close half of my short there and leave half with zero SL.
Inverse HnS target at 1578....
4&1 All Time Profit: $37,496
  • #3,452
  • Feb 12, 2020 10:46am Feb 12, 2020 10:46am
Sell Limit 1569.96 activated.
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  • #3,453
  • Feb 12, 2020 10:50am Feb 12, 2020 10:50am
Quoting BiteFX
Sell Limit 1569.96 activated.
Good Level Intra Day wise,
Previous days 61 fib lies there about i think....
4&1 All Time Profit: $37,496
  • #3,454
  • Feb 12, 2020 10:54am Feb 12, 2020 10:54am
Quoting MzansiObi
{quote} Inverse HnS target at 1578....
Head and Shoulder BOSS!
Three knuckles for you...
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  • #3,455
  • Feb 12, 2020 10:56am Feb 12, 2020 10:56am
Quoting BiteFX
{quote} Head and Shoulder BOSS! Three knuckles for you...
He said inverse HnS
  • #3,456
  • Feb 12, 2020 10:58am Feb 12, 2020 10:58am
Short at 1569.63 with stop at 1574.6
Target open.
One can live in the shadow of an idea without grasping it.
  • #3,457
  • Feb 12, 2020 11:06am Feb 12, 2020 11:06am
Quoting Idunnu
{quote} He said inverse HnS
My dear, Inverse Head and Shoulder pattern is a Head and Shoulder pattern variation according to Mr candlestick himself ~Steve Nison.

Inverse is an English word used in Mathematics(my love), and other fields.

More common place to use should be "Flipped".
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  • #3,458
  • Feb 12, 2020 12:56pm Feb 12, 2020 12:56pm
All trade ideas for today FULLY ACTIVATED.
Let's take a ride...
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  • #3,459
  • Feb 12, 2020 2:46pm Feb 12, 2020 2:46pm
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
well played
  • #3,460
  • Feb 12, 2020 3:29pm Feb 12, 2020 3:29pm
All sell going well.
Thank you.
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