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4 + 1 (Metals) strategy

  • #201
  • Aug 11, 2019 3:58pm Aug 11, 2019 3:58pm
New week new possibilities....

As things stand:

H1 busy making bearish cross ....
Price has charted into H4 buy handle from 1496.2...
D1 buy handle still sitting lower around 1456.36.

Some divergence on the higher time frame so may see some consolidation into H4 buy area as bears and bulls tussle between h1 and H4 handle if H4 bulls don't kick in, daily bulls may provide support for the bulls.

Time will tell.....trade safe, smart and patient.....
Let's go
4&1 All Time Profit: $37,496
  • #202
  • Aug 12, 2019 2:39am Aug 12, 2019 2:39am
Intra day levels worth watching for today:

Upside
1505.5
1510
1517

Downside
1488
1481.8
1470


H1 flipped bearish
H4 and D1 remaining bullish for now.....
D1 bearish close on Friday following bearish divergence so we can expect dips.....
4&1 All Time Profit: $37,496
  • #203
  • Aug 12, 2019 3:45am Aug 12, 2019 3:45am
Quoting MzansiObi
Intra day levels worth watching for today: Upside 1505.5 1510 1517 Downside 1488 1481.8 1470 H1 flipped bearish H4 and D1 remaining bullish for now..... D1 bearish close on Friday following bearish divergence so we can expect dips.....
Bit of a bounce from lower support level.....
Let's see how high this goes....still looking for sell setups around 1505 handle.....
4&1 All Time Profit: $37,496
  • #204
  • Aug 12, 2019 3:49am Aug 12, 2019 3:49am
thanks for your insight. Keep it up
Beginners Luck
  • #205
  • Aug 12, 2019 4:16am Aug 12, 2019 4:16am
H4 buy handle holding up.

But we still aware of possible bearish continuation more so till we get to daily buy handle.
So even though we buy and sell in a clear bull market.
The idea is to avoid selling low and buying high....more aimed at timing our entries.....

Trade safely
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4&1 All Time Profit: $37,496
  • #206
  • Aug 12, 2019 4:18am Aug 12, 2019 4:18am
Quoting goldieboy
thanks for your insight. Keep it up
It's a pleasure bro. We keep at it and try and milk it as much as we can consistently......


Stay green
4&1 All Time Profit: $37,496
  • #207
  • Aug 12, 2019 4:53am Aug 12, 2019 4:53am
https://www.cryptocraft.com/showthread.php?t=939919
Similar threads started for BTCUSD for those interested.....
Trying to see how we can trade this over the long term.....
4&1 All Time Profit: $37,496
  • #208
  • Aug 12, 2019 2:12pm Aug 12, 2019 2:12pm
H4 buyers had a blast.
Congrats. Good start to the week......

Keenly watching for daily close....
1505 sell orders taken out......


Trade safe
4&1 All Time Profit: $37,496
  • #209
  • Aug 12, 2019 2:27pm Aug 12, 2019 2:27pm
Broke through 1510 level. Bought in at 1513 level and watching 1517 closely.
If in doubt, paddle out!
  • #210
  • Aug 12, 2019 9:05pm Aug 12, 2019 9:05pm
Quoting SurfsUp
Broke through 1510 level. Bought in at 1513 level and watching 1517 closely.
Money machines.......taking it you have managed to bag some pips on this recent upswing?
4&1 All Time Profit: $37,496
  • #211
  • Aug 13, 2019 12:50am Aug 13, 2019 12:50am
Morning Traders....


As per system:
H1flipped back into positive gear after h4 Bulls kicked in....
H4 bullish still and so is D1.
Buy zones
H1:1511.52
H4:1504.7
D1:1472.9




Some levels....

Upside:
1518
1526
1532

Downside:
1510.4
1506.2
1498

Sell limit(bit risqué given fundamentals)
1530
SL 1538

Buy limit
1504.2
SL 1485


Trade safe...
Some levels on crypto side also posted here:
https://www.cryptocraft.com/showthre...2#post12437532
4&1 All Time Profit: $37,496
  • #212
  • Aug 13, 2019 1:53am Aug 13, 2019 1:53am
Quoting MzansiObi
Morning Traders.... As per system: H1flipped back into positive gear after h4 Bulls kicked in.... H4 bullish still and so is D1. Buy zones H1:1511.52 H4:1504.7 D1:1472.9 Some levels.... Upside: 1518 1526 1532 Downside: 1510.4 1506.2 1498 Sell limit(bit risqué given fundamentals) 1530 SL 1538 Buy limit 1504.2 SL 1485 Trade safe... Some levels on crypto side also posted here: https://www.cryptocraft.com/showthre...2#post12437532
Adjusting stops to 1542....
4&1 All Time Profit: $37,496
  • #213
  • Aug 13, 2019 5:28am Aug 13, 2019 5:28am
One more calculation


Adding extra level as an extension to the topside;

1538

1555.7.


Just looking at PA and bull strength....adding those two levels onto my charts.....
4&1 All Time Profit: $37,496
  • #214
  • Aug 13, 2019 6:09am Aug 13, 2019 6:09am
Quoting MzansiObi
Morning Traders.... As per system: H1flipped back into positive gear after h4 Bulls kicked in.... H4 bullish still and so is D1. Buy zones H1:1511.52 H4:1504.7 D1:1472.9 Some levels.... Upside: 1518 1526 1532 Downside: 1510.4 1506.2 1498 Sell limit(bit risqué given fundamentals) 1530 SL 1538 Buy limit 1504.2 SL 1485 Trade safe... Some levels on crypto side also posted here: https://www.cryptocraft.com/showthre...2#post12437532

Closed half of sell trade (stops atBE)

Yes I'm playing it safe....if I get taken out will look to short again.....maybe even from higher level. Bit for now.....no buying for me simple mean reversion logic...
4&1 All Time Profit: $37,496
  • #215
  • Aug 13, 2019 6:17am Aug 13, 2019 6:17am
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. This system has proven to be effective when looking at trending markets, we should always exercise some risk and money management principles. The idea is not to have the strategy overly complicated. Do with it as you please, modify it or even look at back testing. The idea though is to keep it as simplified. Play with it on the demo for some time and go live when when you are ready and happy with it within the confines and...
Out of curiosity (I'm very much a beginner at this point), what's the logic behind applying the 15 EMA to the close and the 30 to the open? Why not both to the close or both to the open?
  • #216
  • Aug 13, 2019 7:37am Aug 13, 2019 7:37am
Quoting MzansiObi
{quote} Closed half of sell trade (stops atBE) Yes I'm playing it safe....if I get taken out will look to short again.....maybe even from higher level. Bit for now.....no buying for me simple mean reversion logic...
Stops at 1522
4&1 All Time Profit: $37,496
  • #217
  • Aug 13, 2019 7:38am Aug 13, 2019 7:38am
Quoting roleks
{quote} Out of curiosity (I'm very much a beginner at this point), what's the logic behind applying the 15 EMA to the close and the 30 to the open? Why not both to the close or both to the open?
The one is a faster moving average and by using the close on it,allows better entry
4&1 All Time Profit: $37,496
  • #218
  • Aug 13, 2019 9:18am Aug 13, 2019 9:18am
Quoting MzansiObi
Morning Traders.... As per system: H1flipped back into positive gear after h4 Bulls kicked in.... H4 bullish still and so is D1. Buy zones H1:1511.52 H4:1504.7 D1:1472.9 Some levels.... Upside: 1518 1526 1532 Downside: 1510.4 1506.2 1498 Sell limit(bit risqué given fundamentals) 1530 SL 1538 Buy limit 1504.2 SL 1485 Trade safe... Some levels on crypto side also posted here: https://www.cryptocraft.com/showthre...2#post12437532
Pleasant bear move lower....made some from bear wave........
Buy order reduced overall gain. Buy interesting to note hourly close of 1486.07 was above our stop of 1485....so math and calculations not far off. We will win most and loose some.....



Waiting for things to simmer down
4&1 All Time Profit: $37,496
  • #219
  • Aug 14, 2019 12:40am Aug 14, 2019 12:40am
Morning traders.....

H4 bulls turned up to the party following the selloff...
D1 still bullish...
H1 has flipped bearish again so for now will begin selling any rally into h1 sell zone so long as 1514.9 holds as resistance

Zones.
H1:sell(1502-1505
D1:buy 1470.48

Will ignore H4 buy zone for now will sell h1 zone and target toward daily buy zone.


Levels

Upside;
1515
1522
1530

Downside;
1484.3
1478
1463


Pending orders;
Sell limit
1st 1505
2nd 1514
SL 1523
Will split the orders half normal lot size as splitting allocation on two trades.

Buy limit.
1460
SL 1445

Trade safe, trade smart....
4&1 All Time Profit: $37,496
  • #220
  • Aug 14, 2019 4:22am Aug 14, 2019 4:22am
Jut took a third sell of of m5 chart very tight SL and position size .. let's see if it works....again ...but thibk upside break is on the cards
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4&1 All Time Profit: $37,496
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