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4 + 1 (Metals) strategy

  • #3,461
  • Feb 12, 2020 3:49pm Feb 12, 2020 3:49pm
Quoting BiteFX
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...
Thanks BiteFX and Mzansi...
Your observations are guidance for me...
56 $ Profit made and 90+ is floating...
We Stay Alive...
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  • #3,462
  • Feb 12, 2020 5:32pm Feb 12, 2020 5:32pm
Today's Trend :
Trade Idea : SELL, SELL, & SELL
Possible entries:
Limit orders:
1. 1569.21
2. 1567.98
3. 1566.99
Stop orders:
4. 1565.99
5. 1564.76
6. 1562.77
Set and forget until...
1. 1554.34 or
2. 1545.91

We Stay Alive...
Learn... Work Hard... Trade Alone
  • #3,463
  • Feb 12, 2020 5:42pm Feb 12, 2020 5:42pm
Quoting BiteFX
Today's Trend : Trade Idea : SELL, SELL, & SELL Possible entries: Limit orders: 1. 1569.21 2. 1567.98 3. 1566.99 Stop orders: 4. 1565.99 5. 1564.76 6. 1562.77 Set and forget until... 1. 1554.34 or 2. 1545.91 We Stay Alive...
After thought :
This is Forex, anything is possible!
Levels are very close, and all price levels are showing up on a single chart space.
Hence, we expect a strong downward move today.
And for Counter-trend buying, I will be looking at 3B the more conservative. Or 2B, less Conservative.

We Stay Alive dudes...
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  • #3,464
  • Feb 12, 2020 5:56pm Feb 12, 2020 5:56pm
Penant pattern still completed.
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  • #3,465
  • Feb 12, 2020 6:07pm Feb 12, 2020 6:07pm
Quoting BiteFX
Today's Trend : Trade Idea : SELL, SELL, & SELL Possible entries: Limit orders: 1. 1569.21 2. 1567.98 3. 1566.99 Stop orders: 4. 1565.99 5. 1564.76 6. 1562.77 Set and forget until... 1. 1554.34 or 2. 1545.91 We Stay Alive...
Since price is currently trading above all limit orders, they can be converted to stop orders.
Thank you.
And... Stay Alive
Learn... Work Hard... Trade Alone
  • #3,466
  • Feb 12, 2020 6:18pm Feb 12, 2020 6:18pm
Quoting b_hand
Penant pattern still completed. {image}
Bro, it took you two (2days) to send your pennant chart. I asked after it some days back, may be Monday.
But, I'm happy you have sent it.

Thank you, and Stay Alive dude.
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  • #3,467
  • Feb 12, 2020 7:07pm Feb 12, 2020 7:07pm
Price traded above my bearish price channel at 1571.20 and then a reversal started.
Implication : Price Thrust
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  • #3,468
  • Feb 12, 2020 7:10pm Feb 12, 2020 7:10pm
Quoting BiteFX
Price traded above my bearish price channel at 1571.20 and then a reversal started. Implication : Price Thrust
That may have trapped some stubborn bulls.
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  • #3,469
  • Feb 12, 2020 9:27pm Feb 12, 2020 9:27pm
13 February 2020


Traded below the H1 200 MA level for the better part of the day yesterday and most retests of the handle brought in some bearish action, and as a result, as mentioned by Bitefx, we had a bearish sentiment throughout the day, we did mentiuon though that an inability to get above the handle will result in bears taking some control but also stressed that the D1 bulls were lying a couple of pips below that level and as such looking for some buy dip setups from the lows would yield some, Farukh also pointed out a possible right shoulder for the inverse HnS as per the H4 chart which was also later validated buy the H1 forming a similar pattern with targets just below the 1580 handle, as such, while we trade above the H1 and m15 200 handles, our objectives to the top are to challenge the weekly high and look to break it, if we trade below them then the target goes towards the lower band of the D1 buy ZOne

Our zones are as follows

H1: Flat to Bullish:1568.24 - 1568.75
H4: Neutral
D1: Bullish & Zone:1555.92 - 1566.87



Intra day levels:
Upside
1580.35
1578.88
1574.67
1571.40
1569.38

Downside
1568
1567.17
1532.83
1560.81
1557.83
1553.17



Green Pips
4&1 All Time Profit: $37,496
  • #3,470
  • Feb 12, 2020 9:46pm Feb 12, 2020 9:46pm
Quoting BiteFX
{quote} After thought : This is Forex, anything is possible! Levels are very close, and all price levels are showing up on a single chart space. Hence, we expect a strong downward move today. And for Counter-trend buying, I will be looking at 3B the more conservative. Or 2B, less Conservative. We Stay Alive dudes... {image}
Which time frame are you referring to when referencing the trend? It becomes NB to clarify that as the overall market sentiment on Gold remains bullish on the longer time frames bud...
4&1 All Time Profit: $37,496
  • #3,471
  • Feb 12, 2020 10:23pm Feb 12, 2020 10:23pm
Quoting MzansiObi
{quote} Which time frame are you referring to when referencing the trend? It becomes NB to clarify that as the overall market sentiment on Gold remains bullish on the longer time frames bud...
H1
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  • #3,472
  • Feb 12, 2020 10:38pm Feb 12, 2020 10:38pm
Quoting MzansiObi
{quote} Which time frame are you referring to when referencing the trend? It becomes NB to clarify that as the overall market sentiment on Gold remains bullish on the longer time frames bud...
Sir,, what does NB stand for...
Thanks before
  • #3,473
  • Feb 12, 2020 11:46pm Feb 12, 2020 11:46pm
Quoting Rudrax
{quote} Sir,, what does NB stand for... Thanks before
Stands for important bud.....
I see you making decent returns Rud.
keep it up.
4&1 All Time Profit: $37,496
  • #3,474
  • Feb 13, 2020 12:37am Feb 13, 2020 12:37am
Quoting MzansiObi
{quote} Stands for important bud..... I see you making decent returns Rud. keep it up.
Thanks bud,,,, Trying to learn from you.
  • #3,475
  • Feb 13, 2020 12:50am Feb 13, 2020 12:50am
Price...
*Currently at 1st Sell...
*Above my price channel...
*Above my trend line...
Hmmm...Bullish
But,
*Monthly candle is Red-Bearish.
*Price channel points downwards...
*Trend line points downwards...
*At 1st Sell, selling things.
Hmmm...Bearish

I Stay Alive...Anti-Trend
Learn... Work Hard... Trade Alone
  • #3,476
  • Feb 13, 2020 12:59am Feb 13, 2020 12:59am
Update: buy Limit. 1569.26
Sl 1558
TP:Open.


H1 buy zone has an inclined slope up.
we are currently above m15 200 and H1 200 and weekly open. As such by dip mode continues, let’s also out attention to what London Open does.
4&1 All Time Profit: $37,496
  • #3,477
  • Feb 13, 2020 1:45am Feb 13, 2020 1:45am
Hot water pepper soup ...today
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  • #3,478
  • Feb 13, 2020 3:59am Feb 13, 2020 3:59am
Lets see how this forecast plays out. Still waiting and moreover in Forex we wait most of the times for either price to come to us or for out trade to give us all it has to offer. Remember we trade probablities.
Safe trading y'all. Good day!!
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  • #3,479
  • Feb 13, 2020 4:09am Feb 13, 2020 4:09am
Quoting Spirit4eva
Lets see how this forecast plays out. Still waiting and moreover in Forex we wait most of the times for either price to come to us or for out trade to give us all it has to offer. Remember we trade probablities. Safe trading y'all. Good day!! {image} {image}
Spirit4eva, I am already in this...I stay alive
Learn... Work Hard... Trade Alone
  • #3,480
  • Feb 13, 2020 4:13am Feb 13, 2020 4:13am
I don't like SMAs because of their lagging nature. But, I use them occasionally. Occasions like today.
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