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4 + 1 (Metals) strategy

  • #141
  • Jul 27, 2019 5:35am Jul 27, 2019 5:35am
https://www.metalsmine.com/showthrea...5#post12406685

Just FYI for those that may be interested with the relationship between the gold crosses

Happy weekend guys
Weekly forecast will be posted prior to market open.
4&1 All Time Profit: $37,496
  • #142
  • Jul 28, 2019 11:39am Jul 28, 2019 11:39am
FYI.......

https://www.metalsmine.com/showthrea...1#post12407301


Happy trading
4&1 All Time Profit: $37,496
  • #143
  • Jul 28, 2019 12:11pm Jul 28, 2019 12:11pm
This topic looks very interesting, I will follow it with great attention.
  • #144
  • Jul 28, 2019 5:31pm Jul 28, 2019 5:31pm
H4 sell setup 1420.74
Have identified 1422.94 as nearest res point from1418 handle as such stops couple of pips above said handle.....

Trade safe and with caution first trade of the session/week.


Regards
4&1 All Time Profit: $37,496
  • #145
  • Jul 28, 2019 5:59pm Jul 28, 2019 5:59pm
Quoting MzansiObi
H4 sell setup 1420.74 Have identified 1422.94 as nearest res point from1418 handle as such stops couple of pips above said handle..... Trade safe and with caution first trade of the session/week. Regards
Closing half the position, SL adjusted to BE. Will probably re enter again shortly.....
4&1 All Time Profit: $37,496
  • #146
  • Jul 29, 2019 12:21am Jul 29, 2019 12:21am
Today trade? Can you tell me the buy or sell points?
  • #147
  • Jul 29, 2019 1:01am Jul 29, 2019 1:01am
Quoting Zubair06
Today trade? Can you tell me the buy or sell points?
Hi Zubair.

Try get the trying from page one onto your charts.
Then you will see the possible buy and sell levels we are looking for.
On the first post of the week, I marked out some key levels that have a high probability of being reached and assuch we look at PA near them orusethem yoset our stop losses.

We have already had about 3 trades since the market opened off of the charts.

Keep patient
Will post some entry levels after London open......
4&1 All Time Profit: $37,496
  • #148
  • Jul 29, 2019 1:04am Jul 29, 2019 1:04am
Posted this on the Gold thread......

Hey Traders.

Weekly close at 1418.34 is at a key level. One that's held as both Support and Resistance respectively and we have used a couple of times
Momentum wise, I favour a move lower over the medium term. Daily RSI has still maintained its downward slope.
If we just look at the swings on hourly chart we can see we had the high around the 18th/19th July.
Price traded in a range for a bit where the range low was around 1415.84..

We broke out the range(depicted in the rectangle) made a high But lower than previous high and momentum carried us lower than the range low. Plus the divergence on the daily chart is clearly visible. Keep it Simple

For now will keep selling rallies more specifically around the following levels I will be looking at for Monday;


To the upside
1422.94
1427.99
1431.95

To the downside
1411.76
1405.71
1401.

In terms of buying dips PA will guide us as price gets near daily buy zone....... We have seen price bounce aggressively off of that area.

Big week ahead with fed rate announcement so let's trade with caution......

Keep it simple.
Green pips to you all!
Attached Image(s) (click to enlarge)
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4&1 All Time Profit: $37,496
  • #149
  • Jul 29, 2019 1:15am Jul 29, 2019 1:15am
Sellers,
Can look to take partial profits again and lock in some profits if you reentered.

Daily chart showing possible bounce around 1415.48

May look at buying there around, stops below 1411.76.

Alternatively wait for 1411.76 to look long(deeper entry pullback).

H4 still a sell chart with Stops a couple of pips above 1422.94......
4&1 All Time Profit: $37,496
  • #150
  • Jul 29, 2019 2:09am Jul 29, 2019 2:09am
H1
Bearish to neutral while still below 1419.62.
As such will play off oh H4 sell zone and D1 buy zone.

Pending buy order.
D1 SETUP
1416.35
SL 1409
TP open.

Pending Sell order
H4 setup
1422
SL1426
4&1 All Time Profit: $37,496
  • #151
  • Jul 29, 2019 2:32am Jul 29, 2019 2:32am
Edit Sell limit SL @ 1428.5*
4&1 All Time Profit: $37,496
  • #152
  • Jul 29, 2019 8:00am Jul 29, 2019 8:00am
Quoting MzansiObi
H1 Bearish to neutral while still below 1419.62. As such will play off oh H4 sell zone and D1 buy zone. Pending buy order. D1 SETUP 1416.35 SL 1409 TP open. Pending Sell order H4 setup 1422 SL1426
Outlook still remains the same in general.
But 1419.62 level flipped on hourly as such giving great opportunity to look for those shorts soon near the 4hourly sell zone. If we close below 1419.64 before getting filled, will look for manual short entry
4&1 All Time Profit: $37,496
  • #153
  • Jul 29, 2019 8:06am Jul 29, 2019 8:06am
Will look for manual short entry near high of NY open candle.
Will enter half position size and let the other half be triggered with the pending order should price get there....
4&1 All Time Profit: $37,496
  • #154
  • Jul 29, 2019 8:49am Jul 29, 2019 8:49am
Quoting MzansiObi
Will look for manual short entry near high of NY open candle. Will enter half position size and let the other half be triggered with the pending order should price get there....
Short played out well.

Long orders also filled for the day!

Trade smart
4&1 All Time Profit: $37,496
  • #155
  • Jul 29, 2019 8:56am Jul 29, 2019 8:56am
Quoting MzansiObi
H1 Bearish to neutral while still below 1419.62. As such will play off oh H4 sell zone and D1 buy zone. Pending buy order. D1 SETUP 1416.35 SL 1409 TP open. Pending Sell order H4 setup 1422 SL1426
Closed half of buy setup order from daily chart. Rest moved to BE.

Daily buy zone still means business.....very apparent from long wick from buy zone. Next hourly close pivotal....
So bears need to remain vigilant.

Will however STILL look to sell rallies.
pending H4 sell order still waiting.
Will revert back to normal lot size as we now have a buy hedge in place so it will help reduce risk if spike up.

Trade safe
4&1 All Time Profit: $37,496
  • #156
  • Jul 29, 2019 1:32pm Jul 29, 2019 1:32pm
Quoting MzansiObi
H1 Bearish to neutral while still below 1419.62. As such will play off oh H4 sell zone and D1 buy zone. Pending buy order. D1 SETUP 1416.35 SL 1409 TP open. Pending Sell order H4 setup 1422 SL1426
Final sell order for the day has been filled.
Trade safe.......
4&1 All Time Profit: $37,496
  • #157
  • Jul 29, 2019 5:24pm Jul 29, 2019 5:24pm
https://www.metalsmine.com/showthrea...7#post12409817

H1 has flipped over but carefully buying so high as we seem to be within a range....,
Still opting for H4 and D1 setups right now....
Trade safe
4&1 All Time Profit: $37,496
  • #158
  • Jul 30, 2019 2:00am Jul 30, 2019 2:00am
Update

As per parameters of trade strategy the following stands out:

 

  1. H1 has flipped bullish. Buying dips from h1 buy area has presented about three setups thus far for a few sheckles around that 1423 handle. I won't and didn't take these as we are close to the range high.
  2. H4has flipped from bearish to neutral as a result of this range trading. As such no clear H4 opportunity just yet
  3. D1is providing the best opportunity thus far as it allows us to buy deep and near the range floor.

Structurally H4 swing high hasn't been broken and as such selling near range ceiling for the day prompts my interest in selling high.

Pending D1order
Buy: 1414.8
SL 1409.

Pending short order
Sell 1429
SL 1436


Trade safe.

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4&1 All Time Profit: $37,496
  • #159
  • Jul 30, 2019 5:11am Jul 30, 2019 5:11am
Quoting MzansiObi
Update As per parameters of trade strategy the following stands out: H1 has flipped bullish. Buying dips from h1 buy area has presented about three setups thus far for a few sheckles around that 1423 handle. I won't and didn't take these as we are close to the range high. H4has flipped from bearish to neutral as a result of this range trading. As such no clear H4 opportunity just yet D1is providing the best opportunity thus far as it allows us to buy deep and near the range floor. Structurally H4 swing high hasn't been broken and as such selling...
Pending short order filled.
Buy hedge from yesterday SL moved up to 1423.


Trade safely
4&1 All Time Profit: $37,496
  • #160
  • Jul 30, 2019 5:59am Jul 30, 2019 5:59am
Clarity;

Just cause I didn't buy hourly 1423 signals it doesn't mean it wasn't a valid signal and those that bought should also manage their trade setups accordingly in terms of trade management and money management....

I highlighted my reasoning as to why I opted out of buying that h1 setup......

Stay green
4&1 All Time Profit: $37,496
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