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4 + 1 (Metals) strategy

  • #3,581
  • Feb 18, 2020 2:49am Feb 18, 2020 2:49am
Quoting MzansiObi
{quote} Look at yesterdays daily close and todays daily open, should be able to pick it up
Okay Boss... I thoght there was something in last hour which i was unable to see....
  • #3,582
  • Feb 18, 2020 3:50am Feb 18, 2020 3:50am
Quoting Rudrax
{quote} Okay Boss... I thoght there was something in last hour which i was unable to see....
I explicitly stated that
Gaps happen once in few weeks.
  • #3,583
  • Feb 18, 2020 4:41am Feb 18, 2020 4:41am
Quoting Idunnu
{quote} When Market opened.
Ah ah! Idunu, encourage the young man who is just joining the journey.
Thank you...We're all learning by all means
Learn... Work Hard... Trade Alone
  • #3,584
  • Feb 18, 2020 4:43am Feb 18, 2020 4:43am
Exit tp3 now at 1587 as upside is loosing strength. Big resistance at 1590.
  • #3,585
  • Feb 18, 2020 4:46am Feb 18, 2020 4:46am
If I am not toasted by the end of today...I'll Be Alive for Tomorrow
Learn... Work Hard... Trade Alone
  • #3,586
  • Feb 18, 2020 5:01am Feb 18, 2020 5:01am
Quoting goldgirl
Exit tp3 now at 1587 as upside is loosing strength. Big resistance at 1590.
In
Learn... Work Hard... Trade Alone
  • #3,587
  • Feb 18, 2020 5:18am Feb 18, 2020 5:18am
Quoting BiteFX
If I am not toasted by the end of today...I'll Be Alive for Tomorrow
lets see what it does once it get to 1585.83, the H1 buy zone has also pulled up higher but that bearish H4 close near key overhead resistance at 1590 as GoldGirl mentioned has me thinking our H1 and M15 200 handles may get tagged.....
4&1 All Time Profit: $37,496
  • #3,588
  • Feb 18, 2020 7:07am Feb 18, 2020 7:07am
Quoting MzansiObi
{quote} lets see what it does once it get to 1585.83, the H1 buy zone has also pulled up higher but that bearish H4 close near key overhead resistance at 1590 as GoldGirl mentioned has me thinking our H1 and M15 200 handles may get tagged.....
My H30 parabolic sar shows trend change. Divergence at stochastic shown too.
  • #3,589
  • Feb 18, 2020 7:44am Feb 18, 2020 7:44am
Quoting goldgirl
{quote} My H30 parabolic sar shows trend change. Divergence at stochastic shown too.
Couple of minutes for H1 close, lets see if it does manage to close above the 1590 handle, its bounced off of that upper band of the H1 buy ZOne,
Nest in line is the weekly level at 1591.21 then the Daily number at 96.....provided it remains so high on an hourly closing basis
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1NYopen_LI.jpg Size: 202 KB
4&1 All Time Profit: $37,496
  • #3,590
  • Feb 18, 2020 7:46am Feb 18, 2020 7:46am
Toasted!
Learn... Work Hard... Trade Alone
  • #3,591
  • Feb 18, 2020 7:49am Feb 18, 2020 7:49am
Quoting BiteFX
Toasted!
lol, stay alive bud...
4&1 All Time Profit: $37,496
  • #3,592
  • Feb 18, 2020 7:51am Feb 18, 2020 7:51am
Quoting goldgirl
{quote} My H30 parabolic sar shows trend change. Divergence at stochastic shown too.
goldgirl, please can we have a chart?
Thank youuu.
Learn... Work Hard... Trade Alone
  • #3,593
  • Feb 18, 2020 8:26am Feb 18, 2020 8:26am
Trend change upwards again. 1590 broken. Strength boosted. Long now and aim 1611. Sl 1580
  • #3,594
  • Feb 18, 2020 10:12am Feb 18, 2020 10:12am
Hello all,
Currently broke weekly R2 pivot level - 1599.98
RSI above 70
Gold very bullish.
I am currently not in a trade, missed it.
Will be looking to buy dips only.

Here is a indicator that can show RSI Divergence with alert.
Attached File(s)
File Type: ex4 RSI Divergence.ex4   44 KB | 330 downloads

Attached File(s)
File Type: mq4 RSI Divergence.mq4   27 KB | 359 downloads


Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 21 KB
One can live in the shadow of an idea without grasping it.
  • #3,595
  • Feb 18, 2020 11:01am Feb 18, 2020 11:01am
Exit 50% now at 1604
  • #3,596
  • Feb 18, 2020 11:15am Feb 18, 2020 11:15am
Does anybody use AB=CD? I think it's forming on daily chart.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,597
  • Feb 18, 2020 10:42pm Feb 18, 2020 10:42pm
19 February 2020

The first retest of the H1 buy zone got the bullish rally going, the bearish divergence at the time coupled with bearish H4 close had me thinking we would tag the m15 200 before pushing up, that proved not to be the case and as such, the bullish H1 close above 1590 carried the momentum through and broke the 1600 mark and also gave us a daily close above that, as mentioned couple of weeks ago, this bullish daily close now exposes that upper most wick price made when it first broke the 1600 mark, with the highs near 1612, which is almost in line with GoldGirls bullish target, although price rallied without getting our buy dip orders, we remained on the right side of the bias despite having tried to sell the bearish divergence, the bullish bias and outlook remains intact for today as well as we have had

  1. Bullish daily close above the 1600 handle
  2. Continued H1 candle closes above key resistance at 1590
  3. Upward sloping H1 buy Zone
  4. Bullish H4 and D1 buy Zones
  5. price remains above the h1 and m15 200 handles


H1: Bullish and Zone: 1599.22 - 1594.41
H4: Bullish and Zone: 1589.88 - 1583.16
D1: Bullish and Zone: 1576.23 - 1562.88
Intra day levels
Upside
1619.04
1614.14
1610.37
1605.01

Downside
1598.36
1596.44
1593.78
15904
1587.67
1582.31


Green Pips

4&1 All Time Profit: $37,496
  • #3,598
  • Feb 18, 2020 10:43pm Feb 18, 2020 10:43pm
Quoting farukh
Does anybody use AB=CD? I think it's forming on daily chart.
Care to share the associated chart for reference please bud
4&1 All Time Profit: $37,496
  • #3,599
  • Feb 19, 2020 1:54am Feb 19, 2020 1:54am
Quoting MzansiObi
{quote} Care to share the associated chart for reference please bud
I don't practice it but wants to learn. I was going through old posts from Nitsan Levi if you ever have come across this posts, he was Master. I have learnt a lot from him. I just saw again his successful calls with AB=CD and I saw similar pattern currently getting on daily chart so wanted to confirm if anyone practices it.

Attached Image (click to enlarge)
Click to Enlarge Name: InkedXAUUSDDaily_LI.jpg Size: 713 KB


Well, I am sharing Nitsan's old posts link below.

https://www.forexfactory.com/showthr...55#post8968355
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,600
  • Edited 2:09am Feb 19, 2020 1:58am | Edited 2:09am
Quoting farukh
{quote} I don't practice it but wants to learn. I was going through old posts from Nitsan Levi if you ever have come across this posts, he was Master. I have learnt a lot from him. I just saw again his successful calls with AB=CD and I saw similar pattern currently getting on daily chart so wanted to confirm if anyone practices it. {image} Well, I am sharing Nitsan's old posts link below. https://www.forexfactory.com/showthr...55#post8968355
Haven’t heard of him. Will look it up.....

London open in a couple of minutes. Bulls are adamant to defend that 1600 handle....there is some bearish RDI divergence so let’s see if we can get some H1 buy dips going. Will not be waiting on the tag of the m15 or H1 200 handles...half normal position size will be taken inside H1 buy zone and remaining half should we get to the 200 MA handles on the H1 and M15 charts
4&1 All Time Profit: $37,496
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