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MzansiObi replied Jul 2, 2019Oh alright bud. Not a bad idea to stay out too. However if the market does what it has been doing, another alternative is to open a smaller position so given the demo account that we using this strategy for due to the balance, I will look to open a ...
4 + 1 (Metals) strategy
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MzansiObi replied Jul 2, 2019H1 status update, So far selling the highs which correlate with the identified handle has proven to be profitable, all be it limited, dips are failing to break that support, as such we can wash rinse and repeat everytime price gets to our sell zone ...
4 + 1 (Metals) strategy
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MzansiObi replied Jul 2, 2019BE, so that would be price where you entered and less the brokers spread. So for instance if your broker has a spread of 1 and you sold at 10 placing your stop loss at 9 would mean you have covered your costs for being in that trade.if you place ...
4 + 1 (Metals) strategy
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MzansiObi replied Jul 2, 2019Have you bought the latest set of dips on the 15min charts? Once can't help but wonder how long price will keep failing to close below 1391 handle.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 2, 2019Your short preference is in line. Buying dips make sense till we have that clear break and close. Atleast make some sheckles for the day.....
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 2, 2019Marci am just looking at previous hourly bar, That range of indecision is what's holding the next clue. Will 1391.4 hold or break or will 1395 break, We need an hourly close above or below either one of those levels now.....
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 2, 2019Markets are sonehwta flat thus far.....I wouldn't mind a PoTus tweet.....just to get things going you know.....lol
General Trading Chat / Ideas
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MzansiObi replied Jul 2, 2019Yeah Marci. Not really giving us much at the moment is it, Some short scalps here and there till we finally see what it wants to do, till then just being patient....... Palladium dollar cross also been somewhat subdued....
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 2, 2019Hey bro, Been looking around for this, Looking at this pair (palladium gold Cross) and price structure, looking to go short anything near 1560. Just looking at the bearish rejection on the weekly chart around March and how much we dropped, last week ...
Palladium trading
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MzansiObi replied Jul 2, 2019I missed my entries going long and selling that spike. What a snooze fest....but totally agreed, patience is key. Got a pending short @ 1.1332... Pending buy wasn't filled either.... Flat on EU today....
EURUSD only
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MzansiObi replied Jul 2, 2019Lol. Are you crossing the toes aswell? Lol we just be patient and emotionless. If we are short and get taken out, we recalculate and regroup and see where the math didn't work out. If it moves our way, kudos. Trade safe.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 2, 2019H1 status update. Swing high on hourly Chart still not taken out, Entering H4 sell zone, for now will still keep shorts intact and stops just above 1400, should 1393/94 hold, next leg down could see us touch 1377 and lower again....but trade safe ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 1, 2019A little late for this but....... Buy limit at 1.12765. 30 pip SL TP around 1.133ish.....
EURUSD only
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MzansiObi commented Jul 1, 2019Pleasant news for AUD bulls. This should help give rally more steam..... Rate cut and tax relaxations coupled with the u US and China trade truce (albeit temporary) should give this pair some wings....... Watching tentatively
Iron ore price rise builds excitement for Australian exports
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MzansiObi replied Jul 1, 2019H1 systems update. Sell signal given (1388 and 1392) Short at 1389 SL a couple of pips above previous swing hugh. H4 systems update. Sell area is around 1397 and 1400.64 So when on hourly chart let's be aware any spike up may look to head into our ...
4 + 1 (Metals) strategy
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MzansiObi replied Jul 1, 20191388 short closing half SL moved to BE +. Running risk free.woll look to buy around 1379. Stay safe.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 1, 2019U.S. proposes adding more tariffs to $4 billion of EU goods......gotta love the volatility.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 1, 2019New levels for Tuesday. 1401.38 high for gold for sell trades. H1 Outlook 1388 first level to look for a short. Any dip aroundund 1379.6 will look to buy. H4 beginning to form slight bullish divergence
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 1, 2019Nice platform, can we engage on EUR gold cross as well or specifically limited to the gold and dollar cross?
GOLD traders only