4 + 1 (Metals) strategy | Page 15 | 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

  • #281
  • Aug 22, 2019 6:50am Aug 22, 2019 6:50am
Quoting MzansiObi
For now it's the most relevant as the others are somewhat flat..... D1 buy zone:1491.09
Still looking at 1491.09 buy zone?
If in doubt, paddle out!
  • #282
  • Aug 22, 2019 7:26am Aug 22, 2019 7:26am
Quoting SurfsUp
{quote} Still looking at 1491.09 buy zone?
Filled sir.


Price gyrated around our downside levels....so e heldthen flipped now we at inflection point.....glad I'm filled.
4&1 All Time Profit: $37,496
  • #283
  • Aug 22, 2019 7:30am Aug 22, 2019 7:30am
Quoting MzansiObi
{quote} Filled sir. Price gyrated around our downside levels....so e heldthen flipped now we at inflection point.....glad I'm filled.

that means u buy ?
Beginners Luck
  • #284
  • Aug 22, 2019 7:33am Aug 22, 2019 7:33am
Quoting goldieboy
{quote} that means u buy ?
Yes Goldie....
If you look at daily levels outlook I had mentioned I wanted a buy order at these low levels...... I also indicated the SL.
4&1 All Time Profit: $37,496
  • #285
  • Aug 22, 2019 7:35am Aug 22, 2019 7:35am
Bearish momentum is still impressive. So lot size is half.
Will add on if price gets back above 1500.

Patience is key
4&1 All Time Profit: $37,496
  • #286
  • Aug 22, 2019 7:51am Aug 22, 2019 7:51am
Closed 50% just to bank some...... but not trailing!!!.
Will look to see what 1500 does.....
4&1 All Time Profit: $37,496
  • #287
  • Aug 22, 2019 8:28am Aug 22, 2019 8:28am
Quoting MzansiObi
Closed 50% just to bank some...... but not trailing!!!. Will look to see what 1500 does.....
Stops moved upto 1495.......
4&1 All Time Profit: $37,496
  • #288
  • Aug 22, 2019 8:34am Aug 22, 2019 8:34am
Quoting MzansiObi
{quote} Stops moved upto 1495.......

aw..i close it at 1497 ..
Beginners Luck
  • #289
  • Aug 22, 2019 8:39am Aug 22, 2019 8:39am
Quoting goldieboy
{quote} aw..i close it at 1497 ..
Glad!!!
Will hold out and see bud.
Glad you made money!!!
4&1 All Time Profit: $37,496
  • #290
  • Aug 22, 2019 8:50am Aug 22, 2019 8:50am
Quoting MzansiObi
{quote} Glad!!! Will hold out and see bud. Glad you made money!!!
You're killing it on this one. Timed perfectly. I didn't. Tried similar limit order, but never filled and I've watch it go. Missed a lot of the rise. Nice trade bud! I'm waiting for an entry. Probably need to watch for a sell opportunity.
If in doubt, paddle out!
  • #291
  • Aug 22, 2019 8:53am Aug 22, 2019 8:53am
Quoting SurfsUp
{quote} You're killing it on this one. Timed perfectly. I didn't. Tried similar limit order, but never filled and I've watch it go. Missed a lot of the rise. Nice trade bud! I'm waiting for an entry. Probably need to watch for a sell opportunity.
Thanks bud.

Been waiting on the entry level all week. Have scaled out again and banked more.

The daily bull doesn't play.....
4&1 All Time Profit: $37,496
  • #292
  • Aug 22, 2019 8:57am Aug 22, 2019 8:57am
Quoting MzansiObi
{quote} Thanks bud. Been waiting on the entry level all week. Have scaled out again and banked more. The daily bull doesn't play.....
Thinking a limit sell order at 1507.98. I noticed that in one of your resistance levels and see that peak earlier this week. Are you looking any shorts, or going to take your winnings and go home?
If in doubt, paddle out!
  • #293
  • Aug 22, 2019 9:11am Aug 22, 2019 9:11am
Quoting SurfsUp
{quote} Thinking a limit sell order at 1507.98. I noticed that in one of your resistance levels and see that peak earlier this week. Are you looking any shorts, or going to take your winnings and go home?
Lol you k know the drill bud, if we in profit and trailing, I will probably look at a hedge trade in the opposing direction
4&1 All Time Profit: $37,496
  • #294
  • Aug 22, 2019 9:55pm Aug 22, 2019 9:55pm
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...
When you drop down to the 15M, do the EMAs on the 15M have to be crossed in the same direction as the EMAs on the H1/H4/D1?

E.g. the EMAs are crossed to go long on the H4, but the EMAs are crossed short on the M15, do you wait for the M15 EMAs to cross long and price to retrace to the 15 EMA? Or do you enter on the 15M when price passes upwards through the 15 EMA which is crossed short?

Hope that makes sense...
  • #295
  • Aug 22, 2019 10:19pm Aug 22, 2019 10:19pm
Quoting 00PIP
{quote} When you drop down to the 15M, do the EMAs on the 15M have to be crossed in the same direction as the EMAs on the H1/H4/D1? E.g. the EMAs are crossed to go long on the H4, but the EMAs are crossed short on the M15, do you wait for the M15 EMAs to cross long and price to retrace to the 15 EMA? Or do you enter on the 15M when price passes upwards through the 15 EMA which is crossed short? Hope that makes sense...
I think I get what you are saying....
It would be favourable if there is that confluence in terms of the crosses but in most instances we can use discretion

Sometimes H4 will print something that contradicts h1 or vice versa....we then adapt to what's happening given what the chart is printing....


First half of the week, h1 turned bearish then flat while H4 was flat heading bearish....right now both have flipped bearish..... So we can tell there's a shift in momentum but we are aware of the fact that the daily bull is still bullish and price seems to be heading towards bulls buy area....


Will h1 and H4 push lower or will bulls kick in....?

Strategy then becomes to buy the D1 and sell h1 and H4 and position our trades accordingly...
4&1 All Time Profit: $37,496
  • #296
  • Aug 22, 2019 10:24pm Aug 22, 2019 10:24pm
Quoting 00PIP
{quote} When you drop down to the 15M, do the EMAs on the 15M have to be crossed in the same direction as the EMAs on the H1/H4/D1? E.g. the EMAs are crossed to go long on the H4, but the EMAs are crossed short on the M15, do you wait for the M15 EMAs to cross long and price to retrace to the 15 EMA? Or do you enter on the 15M when price passes upwards through the 15 EMA which is crossed short? Hope that makes sense...
Mark out the levels where price moves into buy or sell areas...then drop down to M15 to have a look.... But that m15 entry point is a mere guideline to enter with a bit more precision to reduce DD. But in essence once we are in the buy zone we can look to buy while also taking other factors into consideration IE....where are we in relation to the upside/downside levels.....
4&1 All Time Profit: $37,496
  • #297
  • Aug 23, 2019 12:31am Aug 23, 2019 12:31am
TGIF......


H1: bearish
H4 bearish
D1:bullish.

H1 sell zone: 1496.88- 1498.37
H4 sell zone: 1500.07-1502.48
D1 buy zone: from 1491.42


Levels of interest

Upside
1499.85
1504.5
1508.9

Downside
1492.5
1487
1480

Buy limit
1489
SL 1478


Still interested in buying off of daily bull zone....
1498/99 handle will most likely play a key role and look to cap any rally and support.... Bearish momentum has taken centre stage as prices have struggled staying above the handle...



Yesterday's buy order yielded good returns off of the daily buy area. Let's see today....

Green pips to all....
4&1 All Time Profit: $37,496
  • #298
  • Aug 23, 2019 12:36am Aug 23, 2019 12:36am
Depiction of zones.....
Self explanatory......
Attached Image(s) (click to enlarge)
Click to Enlarge Name: image (25).png Size: 197 KB
Click to Enlarge Name: image (24).png Size: 205 KB
Click to Enlarge Name: image (23).png Size: 234 KB
4&1 All Time Profit: $37,496
  • #299
  • Aug 23, 2019 6:19am Aug 23, 2019 6:19am
Quoting MzansiObi
{quote} Mark out the levels where price moves into buy or sell areas...then drop down to M15 to have a look....
MzansiObi, I am embarrassed to ask as I have been following this thread since the beginning, but specifically what are you looking at to identify "price moves into buy and sell areas"? Just crosses of the EMA 30 and 15 lines looking back over time? Are you looking at some other volume indicators?
If in doubt, paddle out!
  • #300
  • Aug 23, 2019 6:20am Aug 23, 2019 6:20am
Quoting 00PIP
{quote} When you drop down to the 15M, do the EMAs on the 15M have to be crossed in the same direction as the EMAs on the H1/H4/D1? E.g. the EMAs are crossed to go long on the H4, but the EMAs are crossed short on the M15, do you wait for the M15 EMAs to cross long and price to retrace to the 15 EMA? Or do you enter on the 15M when price passes upwards through the 15 EMA which is crossed short? Hope that makes sense...
Not much to post about other than h1 is printing
H1 sell signal........
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20190823_131302.png Size: 118 KB
4&1 All Time Profit: $37,496
1 trader viewing now