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4 + 1 (Metals) strategy

  • #3,481
  • Feb 13, 2020 5:16am Feb 13, 2020 5:16am
Quoting MzansiObi
{quote} Inverse HnS target at 1578....
Id say the previous H1 candle wick just about completed this setup, thats not to see way dont look for buy dips, Buying off of the H1 buy zone still remains profitable...
4&1 All Time Profit: $37,496
  • #3,482
  • Feb 13, 2020 6:12am Feb 13, 2020 6:12am
Quoting MzansiObi
{quote} Id say the previous H1 candle wick just about completed this setup, thats not to see way dont look for buy dips, Buying off of the H1 buy zone still remains profitable...
You mean there is less chance to cross 1578?
I think price may touch 1582-84 before resuming bears
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,483
  • Feb 13, 2020 7:17am Feb 13, 2020 7:17am
Quoting farukh
{quote} You mean there is less chance to cross 1578? I think price may touch 1582-84 before resuming bears
I mean we will dip towards inside the H1 buy zone and possibly tag the m15 200 before continuing up,

The target to the topside for the inverse H1 pattern has been reached but the H4 target still intact.....
4&1 All Time Profit: $37,496
  • #3,484
  • Feb 13, 2020 7:20am Feb 13, 2020 7:20am
Quoting BiteFX
I don't like SMAs because of their lagging nature. But, I use them occasionally. Occasions like today.
H1 200sma points downwards in addition to the above observations I raised.
Price has left 1S.
Oh boy! Forex na wa o.
Learn... Work Hard... Trade Alone
  • #3,485
  • Feb 13, 2020 7:22am Feb 13, 2020 7:22am
MzansiObi, Farukh!
What do you guys see?
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  • #3,486
  • Feb 13, 2020 7:26am Feb 13, 2020 7:26am
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
Took my tp1 @ 1576 , reload at 1572+
  • #3,487
  • Feb 13, 2020 7:28am Feb 13, 2020 7:28am
Quoting goldgirl
{quote} Took my tp1 @ 1576 , reload at 1572+
Long reload?
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  • #3,488
  • Feb 13, 2020 7:28am Feb 13, 2020 7:28am
Quoting Tragruel
{quote} well played
Thank you. Once the resistance of 1586 is cleared, next up will be quite fast and quick.
  • #3,489
  • Feb 13, 2020 7:30am Feb 13, 2020 7:30am
Quoting BiteFX
{quote} Long reload?
Yes . Only one direction before ultimate 1626 is reached.
  • #3,490
  • Feb 13, 2020 7:31am Feb 13, 2020 7:31am
goldgirl, you're in money.
Learn... Work Hard... Trade Alone
  • #3,491
  • Feb 13, 2020 7:32am Feb 13, 2020 7:32am
CPI cut by half. That's very bad figure. Gold will up more. It is on downwards trend.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2020-02-13-21-35-06-145_com.android.chrome.jpg Size: 304 KB
  • #3,492
  • Feb 13, 2020 7:37am Feb 13, 2020 7:37am
Quoting BiteFX
MzansiObi, Farukh! What do you guys see?
1576-78 is fib61.8 of last drop from 1591-92. If it is cleared today then we may have 1582-84 touching trend line on daily chart before any further drop.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,493
  • Feb 13, 2020 7:39am Feb 13, 2020 7:39am
Quoting BiteFX
goldgirl, you're in money.
Thank you. Better take your profit on next tp2. Nothing with 100% win in forex.
  • #3,494
  • Feb 13, 2020 7:44am Feb 13, 2020 7:44am
Quoting goldgirl
{quote} Thank you. Better take your profit on next tp2. Nothing with 100% win in forex.
You are right... but, I'm still working on my greed level.
Learn... Work Hard... Trade Alone
  • #3,495
  • Feb 13, 2020 7:53am Feb 13, 2020 7:53am
Quoting goldgirl
CPI cut by half. That's very bad figure. Gold will up more. It is on downwards trend. {image}
Bit of a Bounce off that H1 Buy Zone upper band....


Lets keep tracking it, there will be another opportunity to join long, as there is a bit of Bearish RSI divergence creeping in on the H1.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1PM_LI.jpg Size: 869 KB
4&1 All Time Profit: $37,496
  • #3,496
  • Feb 13, 2020 7:59am Feb 13, 2020 7:59am
Quoting BiteFX
{quote} You are right... but, I'm still working on my greed level.
Green pips.
  • #3,497
  • Feb 13, 2020 8:53am Feb 13, 2020 8:53am
Quoting MzansiObi
{quote} Bit of a Bounce off that H1 Buy Zone upper band.... Lets keep tracking it, there will be another opportunity to join long, as there is a bit of Bearish RSI divergence creeping in on the H1. {image}
This should drive the market to 1554.34
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  • #3,498
  • Feb 13, 2020 8:59am Feb 13, 2020 8:59am
Quoting BiteFX
{quote} This should drive the market to 1554.34
Not yet bud.....there’s plenty of real estate to the top that needs to be addressed....
4&1 All Time Profit: $37,496
  • #3,499
  • Feb 13, 2020 9:05am Feb 13, 2020 9:05am
Quoting MzansiObi
{quote} Not yet bud.....there’s plenty of real estate to the top that needs to be addressed....
I see.
Learn... Work Hard... Trade Alone
  • #3,500
  • Feb 13, 2020 10:33am Feb 13, 2020 10:33am
I just observed a very big divergence on daily chart, now where is the trigger price I think Obi can tell better, I am not very good in intraday levels and intraday reversals.

Furthermore, trendline on daily chart from 1445 is broken mentioned by circle and is not being retested. lets see if it holds and just above it there is bearish trendline.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDDaily.png Size: 37 KB
P.S. Trade with the discipline of Money Management and Risk Management.
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