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4 + 1 (Metals) strategy

  • #261
  • Aug 20, 2019 2:35am Aug 20, 2019 2:35am
Morning Traders
A little late to the party today but here goes....
Zones
H1 sell zone: 1500.50-1497.15
H4 sell zone:1505-1503.33(just flipped bearish as per system rules....
D1 buy zone: 1486-1556.2
Still running yesterday's 1496 buy....closed some profit during Asia session and adjusted SL to entry.....got stopped out made minimal profit on it....entered it again....

Levels to watch
Upside
1503.68
1510.9
1515.45

Downside
1491.8
1485.3
1480.21

Some pending orders
Sell limit
1505
SL 1518
TP open

Buy limit
1485
SL 1470

Happy trading
4&1 All Time Profit: $37,496
  • #262
  • Aug 20, 2019 5:44am Aug 20, 2019 5:44am
Quoting MzansiObi
{quote} Closing half.....stops at BE....chances are if I get stopped out, will look for another entry long again....
SL moved to 1502.
Closed 0.8 remains 20% trailing...
Looking short again
4&1 All Time Profit: $37,496
  • #263
  • Aug 20, 2019 6:09am Aug 20, 2019 6:09am
HI

Gold will move up?
  • #264
  • Aug 20, 2019 6:17am Aug 20, 2019 6:17am
H1 Gold has been moving up for the last 6 hours?

Attached Image (click to enlarge)
Click to Enlarge Name: Capture 1.PNG Size: 61 KB
  • #265
  • Aug 20, 2019 6:25am Aug 20, 2019 6:25am
how much it will go up?

i am short on 1503
  • #266
  • Aug 20, 2019 6:34am Aug 20, 2019 6:34am
Quoting Nanotech
how much it will go up? i am short on 1503
1503 was pivot point if sorts....
Next bull target around 1511.....

But we will see how price behaves when it gets there.... patience
4&1 All Time Profit: $37,496
  • #267
  • Aug 20, 2019 6:52am Aug 20, 2019 6:52am
Quoting derekw
H1 Gold has been moving up for the last 6 hours? {image}
Nice chart. Interesting Indie....price heading towards that top band of yours....let's see what happens in H4 sell zone
4&1 All Time Profit: $37,496
  • #268
  • Aug 20, 2019 7:16am Aug 20, 2019 7:16am
Quoting MzansiObi
Morning Traders A little late to the party today but here goes.... Zones H1 sell zone: 1500.50-1497.15 H4 sell zone:1505-1503.33(just flipped bearish as per system rules.... D1 buy zone: 1486-1556.2 Still running yesterday's 1496 buy....closed some profit during Asia session and adjusted SL to entry.....got stopped out made minimal profit on it....entered it again.... Levels to watch Upside 1503.68 1510.9 1515.45 Downside 1491.8 1485.3 1480.21 Some pending orders Sell limit 1505 SL 1518 TP open Buy limit 1485 SL 1470 Happy trading
1505 filled but looking at volume.....little wary as such closing half but not trailing. SL remains as is..... Let's see
4&1 All Time Profit: $37,496
  • #269
  • Aug 20, 2019 2:11pm Aug 20, 2019 2:11pm
Quoting MzansiObi
{quote} Lol it happens from time to time I guess bud..... But you were eyeing other levels I take it?
By passed, I think I meant slept through it

Quoting MzansiObi
{quote} 1503 was pivot point if sorts.... Next bull target around 1511..... But we will see how price behaves when it gets there.... patience
I'm long @1506. I hope we go to 1511. A little later start today. Missed out on some opportunity so far. Hope we still have some bullish room to run.
If in doubt, paddle out!
  • #270
  • Aug 20, 2019 2:20pm Aug 20, 2019 2:20pm
Quoting SurfsUp
{quote} By passed, I think I meant slept through it {quote} I'm long @1506. I hope we go to 1511. A little later start today. Missed out on some opportunity so far. Hope we still have some bullish room to run.
Yeah it might get there bud....H4 sellers have tried all day to push lower......
4&1 All Time Profit: $37,496
  • #271
  • Aug 20, 2019 6:20pm Aug 20, 2019 6:20pm
Quoting Nanotech
how much it will go up? i am short on 1503
Price Action has played into scalpers hands today.... 1508 seems to be defended.....did you get out of your short or still holding?
4&1 All Time Profit: $37,496
  • #272
  • Aug 20, 2019 9:44pm Aug 20, 2019 9:44pm
Half way through the week......
Hope everyone is bagging some profit and taking green pips....


H1 flipped into buy zone.
H4 is neatral
D1 buy

H1 buy zones: 1504-1503.51
H4 neutral.
D1 buy zone: 1491-1462.... creeped up higher..


1508 has been well defended as such bullish continuation needs a clear break and close above 1508...

1498 acted as great support for the bulls yesterday as Such will mark it out as key level too for the day.....

Some levels to watch for the day ...

Upside
1508.92
1512.06
1518.1
1525.78

Downside
1503.13
1497.95
1495.2
1488.9
1483.7


Given price action and a neatral to bearish H4 have closed yesterday's 1505 trade. Minimal profit made off of it as I had taken partial profits and left the rest......

Have flipped long as per h1 buy setups.

Long 1504.83(half my lot size)
SL 1488.

Will use remaining half of position later to most probably look at buying dips near daily buy zone......




Happy trading
4&1 All Time Profit: $37,496
  • #273
  • Aug 20, 2019 10:07pm Aug 20, 2019 10:07pm
Visual.....

Flattening H4 showing possible weakness for bears but not confirmed yet....it's the first warning sign.
H1 has flipped bullish again....
Daily buy zone has crept up.

As such given the proximity of the daily buy area ....it's not surprising H4 is flattening out ......

Will look to manage lot sizes accordingly
Attached Image(s) (click to enlarge)
Click to Enlarge Name: IMG_20190821_050223.png Size: 111 KB
Click to Enlarge Name: IMG_20190821_050136.png Size: 110 KB
Click to Enlarge Name: IMG_20190821_050051.png Size: 114 KB
4&1 All Time Profit: $37,496
  • #274
  • Aug 21, 2019 2:41am Aug 21, 2019 2:41am
Pending limit order:
buy 1491.5
SL 1480
Second half of the first but trade from earlier .....
Let's see
4&1 All Time Profit: $37,496
  • #275
  • Aug 21, 2019 8:41am Aug 21, 2019 8:41am
Quoting MzansiObi
{quote} Yeah it might get there bud....H4 sellers have tried all day to push lower......
It didn't. Took a beating yesterday In long today at 1503. TP 1507.5 and SL at 1496. Not going my way out of the gate, but monitoring.
If in doubt, paddle out!
  • #276
  • Aug 21, 2019 8:58am Aug 21, 2019 8:58am
Quoting SurfsUp
{quote} It didn't. Took a beating yesterday In long today at 1503. TP 1507.5 and SL at 1496. Not going my way out of the gate, but monitoring.
H4 sellers defended 1508 like crazy!!!!
Why didn't you buy from a little lower.....I'm thinking your SL is a little tight if you look at where we have been ranging today bro.....
4&1 All Time Profit: $37,496
  • #277
  • Aug 21, 2019 1:24pm Aug 21, 2019 1:24pm
Not much to write home about....levels remain intact.....will wait to get next buy order filled or sell order on the sidelines for now...
4&1 All Time Profit: $37,496
  • #278
  • Aug 21, 2019 11:47pm Aug 21, 2019 11:47pm
Morning traders....

Given tight range....opted to sleep in and not wake up for Asian session. Glad I did cause not much has happened really....


As the range continues nothing much changed level wise.
Past two days tried pushing higher but still confined/limited by sellers.


As things stand:
H1: flat
H4 :flat to bearish
D1: bullish......

For now it's the most relevant as the others are somewhat flat.....
D1 buy zone:1491.09

All we can do is look to follow PA.


Upside levels
1502.67
1507.98
1512.89
1519.54

Downside levels
1498.50
1497
1495.79
1492.10
1486.90


Tight range is yielding tight objectives to the upside and downside....

Will be interested in buying

1493
(coincides with bulls buy area on daily chart...buy area crept up)
SL 1483

Marking 1498 as key level for bulls to try push higher

Will stay put on selling for now.....
4&1 All Time Profit: $37,496
  • #279
  • Aug 22, 2019 2:59am Aug 22, 2019 2:59am
1498ish holding on a hourly claiming bases. Yes we have spiked down etc but am more concerned with the close..... As such outlook on the day remains.
London sold but buyers are turning up to the party. Buy dips remains intact...... Let's see if we see a break of weekly high or a challenge of it....
4&1 All Time Profit: $37,496
  • #280
  • Aug 22, 2019 4:18am Aug 22, 2019 4:18am
Update: 1498ish is proving it's relevance.
Position size and patience very key.
H1 sellers and H4 sellers are trying to beat that daily bull zone.
Zooming out of the daily hartcan show how we had similar consolidation before prices broke 1430 after catching a bid at our daily buy zone.

Now nothing is guaranteed, we simply trying to better position and understand what the chart is saying and look at probability so patience is key....all will be revealed soonest.....

Will try upload a chart of this...but simply zooming out will make it clear!!!
4&1 All Time Profit: $37,496
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