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Attachments: 4 + 1 (Metals) strategy
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4 + 1 (Metals) strategy

  • #161
  • Jul 30, 2019 8:40am Jul 30, 2019 8:40am
Will be adding more shorts incrementally around.
1432.1
And 1434.47

Then will watch. Buy hedge SL will trail uptowards 1423
4&1 All Time Profit: $37,496
  • #162
  • Jul 30, 2019 9:04am Jul 30, 2019 9:04am
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...
I will keep taking profit from 1429 pending shorts that was filled this morning....and adjusting Stops to BE.....if we get taken out simply reenter if not buy hedge from yesterday gets taken out then we start looking for buy setups from lower point..... simple.
4&1 All Time Profit: $37,496
  • #163
  • Jul 30, 2019 11:20pm Jul 30, 2019 11:20pm
Quoting MzansiObi
Will be adding more shorts incrementally around. 1432.1 And 1434.47 Then will watch. Buy hedge SL will trail uptowards 1423
Morning traders
Still outside the framework of this system;
1432.1 short filled last night just ahead of market close.
Partial profits taken on it, SL moved to 1429.5.

Trade safe.
4&1 All Time Profit: $37,496
  • #164
  • Jul 31, 2019 2:10am Jul 31, 2019 2:10am
Quoting MzansiObi
{quote} Morning traders Still outside the framework of this system; 1432.1 short filled last night just ahead of market close. Partial profits taken on it, SL moved to 1429.5. Trade safe.
Stop taken out at 1429.5......still a winning trade.

In terms of the strategy H1, H4 and D1 are in uptrend.
So buying dips as and when price gets to levels set out by system rules could yield returns.

H4 buy area 1426.36
H1 buy area 1429.53
D1 buy area 1420.02.

Just highlighting them for system users.
I won't be looking to buy up until we get close to the D1 area

Gold has remained at these elevated levels leading up to today....won't be buying at these range ceiling levels but remain aware that it could still push higher.

Monday's buy hedge (1416.30) still intact so that gives me more room, to continue looking for shorts.

For now, last weeks high hasn't been broken hence the continued insistence of looking for shorts......... BUT calculations have moved a key level from (1419ish:Monday )(1420/1:Tuesday) up to 1425,8 as such till we break below and close below this level Bulls will remain in control me thinks.....

Levels I will be looking at today (resistance and support levels)

Upside:
1432,8
1437
1442

Downside:
1422.4
1417
1415,7

As such Pending orders are as follows.
Buy order

Buy limit 1422.4
SL 1416

Sell order
Sell limit 1433.5
SL 1447


Trade safe....
4&1 All Time Profit: $37,496
  • #165
  • Jul 31, 2019 12:49pm Jul 31, 2019 12:49pm
MObi, your buying level 1422.4 was spot on man! Salute!
  • #166
  • Jul 31, 2019 9:16pm Jul 31, 2019 9:16pm
Quoting wilson
MObi, your buying level 1422.4 was spot on man! Salute!
The buying level was a good scalp.
The short from above was even sweeter.
And selling ceiling high was justified.
Bit of a market shift now ......we remain patient
4&1 All Time Profit: $37,496
  • #167
  • Jul 31, 2019 10:09pm Jul 31, 2019 10:09pm
Quoting MzansiObi
{quote} The buying level was a good scalp. The short from above was even sweeter. And selling ceiling high was justified. Bit of a market shift now ......we remain patient
Hopefully MzansiObi and wilson got out of those long positions. Challenging fall if you didn't. I bought in at 1409. Hoping to catch a nice reversal.
If in doubt, paddle out!
  • #168
  • Jul 31, 2019 10:44pm Jul 31, 2019 10:44pm
Quoting SurfsUp
{quote} Hopefully MzansiObi and wilson got out of those long positions. Challenging fall if you didn't. I bought in at 1409. Hoping to catch a nice reversal.
Yeah bud, as said...they were scalps.
Our overall bearish sentiment and bearish divergence as per daily chart remained the preference as noted
4&1 All Time Profit: $37,496
  • #169
  • Aug 1, 2019 2:46am Aug 1, 2019 2:46am
Morning traders

As per system rules:

H1 sell zones can be used for shorts, but will adjust my lots sizes as the drop lower was aggressive as such there may be a deeper pullback towards H4 sell zones hence the pending short

Will be looking for opportunities to go short with rallies today.....
Marking key level as 1415,32



Some yet support and resistance levels marked out as
Downside

1405

1398

To the upside
1411
1415.32
1419



As such placing following pending orders:
Sell limit

1415.32
SL 1425

1421.37
SL 1433


Buy limit
1392
SL 1382
4&1 All Time Profit: $37,496
  • #170
  • Aug 1, 2019 5:55am Aug 1, 2019 5:55am
Quoting SurfsUp
{quote} Hopefully MzansiObi and wilson got out of those long positions. Challenging fall if you didn't. I bought in at 1409. Hoping to catch a nice reversal.
I wouldn't dare stand in front of a super train but watched how it respected that level in awe. Waited for the exhaustion of the bounce and sold at 1427 for 1000 pips.
  • #171
  • Aug 1, 2019 11:09am Aug 1, 2019 11:09am
Quoting wilson
{quote} I wouldn't dare stand in front of a super train but watched how it respected that level in awe. Waited for the exhaustion of the bounce and sold at 1427 for 1000 pips.
I admire your discipline bud.



It takes skill to obeserve the move and time your entry......keep keeping on
4&1 All Time Profit: $37,496
  • #172
  • Aug 1, 2019 11:11am Aug 1, 2019 11:11am
Quoting MzansiObi
Morning traders As per system rules: H1 sell zones can be used for shorts, but will adjust my lots sizes as the drop lower was aggressive as such there may be a deeper pullback towards H4 sell zones hence the pending short Will be looking for opportunities to go short with rallies today..... Marking key level as 1415,32 Some yet support and resistance levels marked out as Downside 1405 1398 To the upside 1411 1415.32 1419 As such placing following pending orders: Sell limit 1415.32 SL 1425 1421.37 SL 1433 Buy limit 1392 SL 1382
H4 sell zone in play now.....confluence of factors supporting continued bearish momentum here. But positing size and Money manege very key
4&1 All Time Profit: $37,496
  • #173
  • Aug 2, 2019 3:38am Aug 2, 2019 3:38am
Morning guys and gals.......
Fundies right around..... levels wise....its more advisable to stick to basics, and try and make sense of the storm....
Some calculations may give false readings due to irrate/wild movements post Trump tweet......enough said......

Looking at the following levels;

To the upside; last month's high becomes area of interest
Anything near that handle will be ripe for the picking to go lower.....

Key support at
1425
1429
1433

Resistance
1443
1449
1451.8

As such will look:
Pending buy order
1424.46
SL 1414
(in line with h1 and h4 setup, but due to aggressive swing position size needs to be considered carefully)

Pending sell order:
1450.4
SL 1462
This sell order is fuelled by key resistance area.....


Trade safe


More fundies today as such trade safe and positon size key
4&1 All Time Profit: $37,496
  • #174
  • Aug 4, 2019 11:41pm Aug 4, 2019 11:41pm
Quoting MzansiObi
Morning guys and gals....... Fundies right around..... levels wise....its more advisable to stick to basics, and try and make sense of the storm.... Some calculations may give false readings due to irrate/wild movements post Trump tweet......enough said...... Looking at the following levels; To the upside; last month's high becomes area of interest Anything near that handle will be ripe for the picking to go lower..... Key support at 1425 1429 1433 Resistance 1443 1449 1451.8 As such will look: Pending buy order 1424.46 SL 1414 (in line with h1...
1450 sellorder has been filled.....
New week, new possibilities....plenty of opportunity
4&1 All Time Profit: $37,496
  • #175
  • Aug 6, 2019 1:58am Aug 6, 2019 1:58am
Morning traders......
So went against the system rules and got smacked yesterday.....position size was also messy....

Took the loss up the chin.
Back to basics....

Call for today is to be cautioussly bullish....
H1 buy area is between 1459-63.
H4 buy area lower from 1452.


Key levels looking at today in terms of support and resistance

Downside
1451.8
1444.6
1437.1

Upside
1474.6
1487.3
1500(psych level)

As such cautiously bullish pending buy order at:

Buy limit:
1451.8
SL 1440

Sell Limit:
1488
SL 1505


Trade safe.....
4&1 All Time Profit: $37,496
  • #176
  • Aug 6, 2019 8:30am Aug 6, 2019 8:30am
Update: h1 buyers should have taken some profits and locked toward BE......
Didn't take h1 buy setup........
Still waiting for a dip lower....
Trade safe
4&1 All Time Profit: $37,496
  • #177
  • Aug 6, 2019 3:21pm Aug 6, 2019 3:21pm
Quoting MzansiObi
Update: h1 buyers should have taken some profits and locked toward BE...... Didn't take h1 buy setup........ Still waiting for a dip lower.... Trade safe
H1 buyers scrapped some pips.
Bit of a lethargic day to be honest......
Will look at new orders going into Asia
4&1 All Time Profit: $37,496
  • #178
  • Aug 6, 2019 7:03pm Aug 6, 2019 7:03pm
Bought in at 1476.68. Looking for TP at 1487 - setting SL at 1470 - hoping to catch some Asia action
If in doubt, paddle out!
  • #179
  • Aug 6, 2019 7:08pm Aug 6, 2019 7:08pm
Quoting SurfsUp
Bought in at 1476.68. Looking for TP at 1487 - setting SL at 1470 - hoping to catch some Asia action
Long at 1474.84, no TP, 20 pip TS
From tiny pips mighty oaks grow
  • #180
  • Aug 6, 2019 7:44pm Aug 6, 2019 7:44pm
Quoting MzansiObi
Update: h1 buyers should have taken some profits and locked toward BE...... Didn't take h1 buy setup........ Still waiting for a dip lower.... Trade safe
H1 buyers may want to trail pa and move Stops to 1475(yesterday's high point) keep safe
4&1 All Time Profit: $37,496
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