4 + 1 (Metals) strategy | Page 3 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Simple 5 Min Gold (XAUUSD) Strategy 79 replies

Digamber Shankar PATIL's DSP Candle Strategy 349 replies

Strategy Backtesting Platforms 24 replies

5 Min Gold (XAUUSD) Divergence Strategy 176 replies

M5-Two-Way-Confirmation-Strategy 264 replies

Attachments: 4 + 1 (Metals) strategy
Exit Attachments

4 + 1 (Metals) strategy

  • #41
  • Jun 29, 2019 6:08am Jun 29, 2019 6:08am
Quoting MzansiObi
{quote} Hey bud. Wait and see how fundies affect price trajectory and we look at what gets printed in the chart. We should have clarity after LO
What's LO
  • #42
  • Jun 29, 2019 6:17am Jun 29, 2019 6:17am
Quoting Charm7
{quote} What's LO
London Open bud
4&1 All Time Profit: $37,496
  • #43
  • Jun 29, 2019 9:08am Jun 29, 2019 9:08am
Quoting MzansiObi
Hi guys. Just thought I'd share a simply yet effective strategy I have been using for some time trading gold and silver now.
Hey Mzansiobi, I noticed that in your TE you also place NZD/USD trades. Was there a fundamental reason that you also trade this pair in your system or did you see something in the technicals that made you trade it?
careful not to step in a pile of it
  • #44
  • Jun 29, 2019 10:52am Jun 29, 2019 10:52am
Quoting MzansiObi
{quote} London Open bud
Ah thank you
  • #45
  • Jun 29, 2019 11:19am Jun 29, 2019 11:19am
Quoting bulltrap
{quote} Hey Mzansiobi, I noticed that in your TE you also place NZD/USD trades. Was there a fundamental reason that you also trade this pair in your system or did you see something in the technicals that made you trade it?
Hey bud.

It lined up with my rules of entry but that trade should have been a trade on the live account and only realised that when I checked positions hence I closed it and don't trail.
Toggling between the two resulted in a minor mishap on my end.

This TE is specifically for metals.
But as I mentioned to another guy, I plotted the EU chart on it and the results were just as appetising.

Plot it on EURGoLd and palladium charts and give it a whack
4&1 All Time Profit: $37,496
  • #46
  • Jun 29, 2019 11:50am Jun 29, 2019 11:50am
Quoting MzansiObi
{quote} Hey bud. It lined up with my rules of entry but that trade should have been a trade on the live account and only realised that when I checked positions hence I closed it and don't trail. Toggling between the two resulted in a minor mishap on my end. This TE is specifically for metals. But as I mentioned to another guy, I plotted the EU chart on it and the results were just as appetising. Plot it on EURGoLd and palladium charts and give it a whack
Thanks will do. I think we have a good week of trading ahead of us.
careful not to step in a pile of it
  • #47
  • Jul 1, 2019 7:04am Jul 1, 2019 7:04am
Quoting bulltrap
{quote} Thanks will do. I think we have a good week of trading ahead of us.
Hey bud h1 update.

Sell entry confirmed between 1392 and 1393.5
First sell entry for the week

Trade safe
4&1 All Time Profit: $37,496
  • #48
  • Jul 1, 2019 1:39pm Jul 1, 2019 1:39pm
Quoting MzansiObi
{quote} Hey bud h1 update. Sell entry confirmed between 1392 and 1393.5 First sell entry for the week Trade safe
Good move!
If you have faith in our leaders of commerce, don't buy gold.
  • #49
  • Jul 1, 2019 1:54pm Jul 1, 2019 1:54pm
Two short trades both Stops trailing.
We let it run risk free and wait for next setup confirmation...

Marking 1379 as nearest support area for a possible bounce in price again.
So depending on what price does there may close out one and let the other run

Trade safe
4&1 All Time Profit: $37,496
  • #50
  • Jul 1, 2019 3:01pm Jul 1, 2019 3:01pm
Quoting MzansiObi
{quote} It should be at the top of the page of the thread bud.1hour chart gave plenty a signal today with minimal DD. Current trades are first of the day that are under water.....
I've got it loaded and executed my first trade using the method - also my first use of a system at all. To date been all based on news and events trading and getting my a** handed to me. Set up on a demo account. We'll see.
If in doubt, paddle out!
  • #51
  • Jul 1, 2019 3:05pm Jul 1, 2019 3:05pm
Quoting SurfsUp
{quote} I've got it loaded and executed my first trade using the method - also my first use of a system at all. To date been all based on news and events trading and getting my a** handed to me. Set up on a demo account. We'll see.
Oh alright bro. Are you saying the system had been handing you a hiding? I'm confused.....
Have you been entering on the 1hr and 4hrly timeframes?
4&1 All Time Profit: $37,496
  • #52
  • Jul 1, 2019 3:10pm Jul 1, 2019 3:10pm
Quoting MzansiObi
{quote} Oh alright bro. Are you saying the system had been handing you a hiding? I'm confused..... Have you been entering on the 1hr and 4hrly timeframes?
No. My trading without the system was handing me a hiding!!!! I am on the 1 hour time frame and entered. My first trade is on using the system right now.
If in doubt, paddle out!
  • #53
  • Jul 1, 2019 3:11pm Jul 1, 2019 3:11pm
Quoting SurfsUp
{quote} No. My trading without the system was handing me a hiding!!!! I am on the 1 hour time frame and entered. My first trade is on using the system right now.
Lol, I misread your text my bad bud.

Give us a shout if/when you have anything you want clarity on bud.
4&1 All Time Profit: $37,496
  • #54
  • Jul 1, 2019 3:14pm Jul 1, 2019 3:14pm
Quoting MzansiObi
{quote} Lol, I misread your text my bad bud. Give us a shout if/when you have anything you want clarity on bud.
Given it is my first system, I am sure I will have lots of questions.
If in doubt, paddle out!
  • #55
  • Jul 1, 2019 4:04pm Jul 1, 2019 4:04pm
Quoting SurfsUp
{quote} Given it is my first system, I am sure I will have lots of questions.
Will lend a helping hand bro.Regards
4&1 All Time Profit: $37,496
  • #56
  • Jul 1, 2019 10:40pm Jul 1, 2019 10:40pm
H1 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 4h sell area,
Trade safe.
AUD Interest rate decision shortly so monitor and manage position size accordingly.
4&1 All Time Profit: $37,496
  • #57
  • Jul 2, 2019 8:04am Jul 2, 2019 8:04am
Quoting SurfsUp
{quote} Given it is my first system, I am sure I will have lots of questions.
Have you entered any short trade yet?
4&1 All Time Profit: $37,496
  • #58
  • Jul 2, 2019 8:29am Jul 2, 2019 8:29am
Quoting MzansiObi
In line with good money management, close half position and move SL to BE once price has moved in our direction.
MzansiObi, what is BE?
If in doubt, paddle out!
  • #59
  • Jul 2, 2019 9:00am Jul 2, 2019 9:00am
Quoting SurfsUp
{quote} MzansiObi, what is BE?
BE, 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 your stop at 10 then you still going to pay for the spread when price takes you out....
4&1 All Time Profit: $37,496
  • #60
  • Jul 2, 2019 9:00am Jul 2, 2019 9:00am
Quoting MzansiObi
{quote} Have you entered any short trade yet?
I did, but closed it out with small gain. I saw your note about stay out when flat. Seems flat for last while. Looks like we might have a buy opportunity shortly. I am watching chart to determine when to enter.
If in doubt, paddle out!
3 traders viewing now