4 + 1 (Metals) strategy

Entered long

For so many days, whether big boys or no big boys, chart has been defiling some common sense.
I am just tired...kai

Im not supprise when daily closed above 161.8 it will jump to 261.8.
penant pattern with maximum profit. Trade safe

Gold wants close the GAP

Stopped out, done for today.

Jip took some heat aswell... thats the name of the game....
It went straight for that m15 200 handle before bouncing....

Think Bite had mentioned he was looking for the 1655 handle and well it went straight for it, kudos.

Lets see what it does today......

25 February 2020

Bears still at it, First retest of the m15 200 handle following multiple rallies across sessions, the H4 buy zone also comes into play now aswell, but with the bearish sentiment we have seen thus far and an H1 zone thats neutral with a bearish bias, it may be wise to wait and follow suit on what the London Open does.
Equity has taken a bit of a hit, but back to basics and the drawing board now, risk management and position size becomes key.


H1: Flat
H4: Bullish and ZOne: 1649.62 - 1633.13.
D1: Bullish and Zone: 1603.10- 1583.40.


Intra day levels
Upside
1674.66
1666.47
1661.13
1652.73
1651.79

Downside
1644.20
1642.71
1628.02
1616.13
1605.16


Green Pips

Im long 1635 the price touched MA 100 on H1 tp open sl 1620

1734 everything possible this week

Got pending short scalp at 1655.4 waiting...... will then let it revisit the lows and buy the right shoulder on the H1

Buy stop at 1658 Psych level.

Drop has materialized... happened a little abruptly but lets see, the head structure invalidation negates the bullish outlook in the near short term

Pending Buy order loaded....

Gold eyeing 1629 to the downside.

It might be, cause H1 zone remains bearish but the H4 bulls are in the picture, as price is currently playing around the upper band of the H4 buy zone.
Hard stop for H4 Buyers at 1627.43


attached chart
On the left we have the H1 and the right its the H4

*PS not the most visually appeasing but hopefully gets the point across

Lets see who will win this tussle between the two zones

Long 1643, sl 1631, tp1 1686, tp2 1704, tp3 1713, tp4 1733

It would be great to see a couple of green m15 and H1 candles near these current levels that will give us further validation

Target reached.
Waiting for the next PA and TL.

M30 divergence RSI and stochastic the bulls still inside

Long 1640 tp 1650 sl 1630

26 February 2020

As things stand we remain within a bullish H4 buyers tussle and bearish H1 sellers tussle, the previous inverse HnS pattern on the H1 chart, as such we look to see whether we get a clear break and close above the 1650.22 handle for further bullish continuation or below the 1632.63 handle for further bearish.
Not much to say really on the pair currently, that long wick on the daily remains first target for bulls as did the previous one invalidated around the 1612/10 handle, for now we seem to be consolidating with the bears regaining some control, the only thing that stands out clearly becomes the need to manage risk and position size accordingly..
H1: Bearish and sell zone: 1646.19 - 1643.07
H4: Bullish and buy zone: 1637.64 - 1644.51
D1: Bullish and buy Zone: 1606.88 - 1583.17

Intra day levels
Upside
1695.73
1679.81
1665.08
1655.99
1652.22
1647.81

Downside
1641.27
1628.44
1626.54
1621.66
1617.45
1602.73



Green Pips