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4 + 1 (Metals) strategy

  • #3,701
  • Feb 27, 2020 12:48am Feb 27, 2020 12:48am
27 February 2020

H1 Hard Stop for sell orders has been invalidated, and the Current structure has got the H1 beginning to point upwards, as such, the H4 bulls seem to have won the tussle between the H1 and H4 setups, so we will be looking at buying dips. Will be looking at getting a breakout from this previous range that the market has been trading within during the past 24hours. A look at the H4 chart shows a flat bullish zone signalling the previous sideways range the market has been, as such the outlook becomes for the H1 to beginning sloping upwards as the sell orders stop has been taken out.

H1: Buy Zone: 1646.95 - 1645.75 Hard Stop handle:1645
H4: Buy Zone: 1646.30 - 1639.83 Hard Stop Handle:1636
D1: Buy Zone: 1612.74 - 1588.82 Hard Stop Handle: 1581.13

Any H1 close below the H1 hard stop handle can be used to limit risk and get out of the H1 buy setup
Any H4 close below the H4 hard stop handle can be used to limit risk and get out of the H4 buy setup
Any D1 close below the D1 hard stop handle can be used to limit risk and get out of the D1 buy Setup.

Including these hard stops handle as a means to limit risks given the current market uncertainty and the whipsaw PA we have been seeing of late...



Intra day levels
Upside
1685.52
1670.27
1657.02
1655.48
1651.70
Downside
1646.43
1640.23
1634
1626.87
1625.44
1621.66


Green Pips
4&1 All Time Profit: $37,496
  • #3,702
  • Feb 27, 2020 1:41am Feb 27, 2020 1:41am
ouk... another buy opportunity.
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  • #3,703
  • Feb 27, 2020 1:49am Feb 27, 2020 1:49am
Quoting BiteFX
ouk... another buy opportunity.
Lets first see how this H1 closes and what the next H1 candle does.... a close below the 1645 means better waiting on the lower band of the H4 buy Zone retest
4&1 All Time Profit: $37,496
  • #3,704
  • Feb 27, 2020 2:05am Feb 27, 2020 2:05am
Quoting BiteFX
ouk... another buy opportunity.
Woooooooow!
who caught that?
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  • #3,705
  • Feb 27, 2020 2:11am Feb 27, 2020 2:11am
Lower price channel acting a dynamic support function correctly so far... Looking good.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200227_090655_898.jpg Size: 96 KB
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  • #3,706
  • Feb 27, 2020 5:47am Feb 27, 2020 5:47am
Update: The H1 hard stop handle is yet to get an H1 candle breaking and most importantly closing below it, and has continued to give some pips to the upside, the lack of volume and momentum to the topside is cause for concern, as such locking some profits on the buy dips and trailing becomes my bias,


Will wait for a retest of the lower band of the H4 buy ZOne to load long again....


Lets see
4&1 All Time Profit: $37,496
  • #3,707
  • Feb 27, 2020 6:29am Feb 27, 2020 6:29am
Quoting BiteFX
Today's trade idea... Yesterday had a false breakout. Support held. Looking to buy today. S, P, R {image} {image}
If you bought R, you should be smiling right about now.
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  • #3,708
  • Feb 27, 2020 8:43am Feb 27, 2020 8:43am
Quoting BiteFX
{quote} If you bought R, you should be smiling right about now.
If B. 1655.28 is broken, we move straight to V. 1668.66
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  • #3,709
  • Feb 27, 2020 9:20am Feb 27, 2020 9:20am
Hope we see 1680 again Double bottom broken on H1.
Attached Image (click to enlarge)
Click to Enlarge Name: 2CC28B77-C10C-40A6-83B1-1D75D07BC6C9.jpeg Size: 1.0 MB
  • #3,710
  • Feb 27, 2020 12:31pm Feb 27, 2020 12:31pm
Bears sent price back to Pivot. 1640.33
Price channel widened compared to early hours of today.
Price may head to S. 1633.64 before any further upside move.

Anything is possible... this is Forex!
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200227_192709_101.jpg Size: 104 KB
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  • #3,711
  • Feb 27, 2020 12:40pm Feb 27, 2020 12:40pm
Quoting BiteFX
Bears sent price back to Pivot. 1640.33 Price channel widened compared to early hours of today. Price may head to S. 1633.64 before any further upside move. Anything is possible... this is Forex! {image}
Seems like it may Pop back up again.
H4 Hard stops area providing some supportive PA
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH4HardStops_LI.jpg Size: 838 KB
4&1 All Time Profit: $37,496
  • #3,712
  • Feb 27, 2020 3:30pm Feb 27, 2020 3:30pm
Quoting BiteFX
Bears sent price back to Pivot. 1640.33 Price channel widened compared to early hours of today. Price may head to S. 1633.64 before any further upside move. Anything is possible... this is Forex! {image}
Whatever happens, bears seem to be having the upper hand so far...We watch and see what happens.
As usual, We Stay Alive dudes.
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  • #3,713
  • Feb 27, 2020 4:05pm Feb 27, 2020 4:05pm
Bulls are so so stubborn...Considering tomorrow as the last trading day of the month.
Caution is the keyword here.
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  • #3,714
  • Feb 27, 2020 5:37pm Feb 27, 2020 5:37pm
My Today's Trade Idea...
Last Trading day of the month...BIG CAUTION! Something will happen. Either up or down.
But, with my price channel facing down, I am only looking for short opportunities.
We are always wrong until the market says we are right.
Limit order at R stop loss at B
Stop order at P stop loss at R

We Stay Alive dudes...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: IMG_20200228_002653_331.jpg Size: 97 KB
Click to Enlarge Name: IMG_20200228_002725_685.jpg Size: 87 KB
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  • #3,715
  • Feb 27, 2020 9:03pm Feb 27, 2020 9:03pm
28 February 2020
Last one for the week following the bearish daily close, market has continued rejecting price action to the top, although we did have a bullish D1 candle, price remains rejected to the topside. So much so that the H4 buy zone remains bullish with a neutral bias as it slopes sideways......
Will be looking to see how the weekly closes and also how much longer the H4 buy zone can remain intact.
lets see what London does when they open open

H1:Bearish and Zone: 1645 - 1646.02
H4: Bullish and Zone: 1645.81 - 1641.27
D1: Bullish and Zone: 1616.7 - 1590.84
Upside
1662.63
1658.2
1655.2
1650.79
1647.26

Downside
1637.30
1631.74
1629.65
1621.2
1614.12


Green Pips
4&1 All Time Profit: $37,496
  • #3,716
  • Feb 27, 2020 10:37pm Feb 27, 2020 10:37pm
Hi Mzansi, thanks for your consistent posting, it is very appreciated.
Fundamentals are clearly playing havoc with technicals at the moment but I note there is a potential h and s on H1 and if validated the extension down could be to 1615 or thereabouts by my calculations.
Anyone else have any thoughts on this?
Safe trading all
  • #3,717
  • Feb 27, 2020 10:59pm Feb 27, 2020 10:59pm
Quoting likeasunrise
Hi Mzansi, thanks for your consistent posting, it is very appreciated. Fundamentals are clearly playing havoc with technicals at the moment but I note there is a potential h and s on H1 and if validated the extension down could be to 1615 or thereabouts by my calculations. Anyone else have any thoughts on this? Safe trading all
Agreed!!!! They do have the upper hand currently with lots more swings and aggressive spikes. But we need to try and maintain a form of consistency in the technical analysis to see how our strategy and outlook works during such periods. The HnS pattern do you mind maybe giveing the levels of the head and the right shoulder at least?
4&1 All Time Profit: $37,496
  • #3,718
  • Feb 28, 2020 12:14am Feb 28, 2020 12:14am
Quoting likeasunrise
Hi Mzansi, thanks for your consistent posting, it is very appreciated. Fundamentals are clearly playing havoc with technicals at the moment but I note there is a potential h and s on H1 and if validated the extension down could be to 1615 or thereabouts by my calculations. Anyone else have any thoughts on this? Safe trading all
update:

Have taken a buy Dip off of the H1 200 MA handle, first proper tag and retest of the handle since breaking out,the retest of the H1 sell zone has given a dip, hard stop handle for the H1 sellers lies at 1643.83 now....lets see
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1_LI.jpg Size: 203 KB
4&1 All Time Profit: $37,496
  • #3,719
  • Feb 28, 2020 12:22am Feb 28, 2020 12:22am
Quoting MzansiObi
{quote} Agreed!!!! They do have the upper hand currently with lots more swings and aggressive spikes. But we need to try and maintain a form of consistency in the technical analysis to see how our strategy and outlook works during such periods. The HnS pattern do you mind maybe giveing the levels of the head and the right shoulder at least?
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-02-28 at 4.19.09 pm.png Size: 376 KB
  • #3,720
  • Feb 28, 2020 1:14am Feb 28, 2020 1:14am
Quoting BiteFX
My Today's Trade Idea... Last Trading day of the month...BIG CAUTION! Something will happen. Either up or down. But, with my price channel facing down wn, I am only looking for short opportunities. We are always wrong until the market says we are right. Limit order at R stop loss at B Stop order at P stop loss at R We Stay Alive dudes... {image} {image}
Profit Target B to the down side reached at 1631.58.
Thank you.
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