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4 + 1 (Metals) strategy

  • #301
  • Aug 23, 2019 6:34am Aug 23, 2019 6:34am
Quoting SurfsUp
{quote} 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?
Hey bud.....don't be.
Well it's the crosses, coupled with momentum and then if price drifts into those zones and it's near the support or resistance levels that get printed on a daily basis then I look to pull the trigger there about.....

But you have been getting in and out of the trades well mate......
4&1 All Time Profit: $37,496
  • #302
  • Aug 23, 2019 7:01am Aug 23, 2019 7:01am
Quoting MzansiObi
{quote} Hey bud.....don't be. Well it's the crosses, coupled with momentum and then if price drifts into those zones and it's near the support or resistance levels that get printed on a daily basis then I look to pull the trigger there about..... But you have been getting in and out of the trades well mate......
Thanks for the encouragement and the explanation. I think it is finally starting to click. As a newbie, it is still a lot of trial and error and playing small. So, as we approach this resistance level 1499.85, what are you thinking about?
If in doubt, paddle out!
  • #303
  • Aug 23, 2019 7:07am Aug 23, 2019 7:07am
Quoting SurfsUp
{quote} Thanks for the encouragement and the explanation. I think it is finally starting to click. As a newbie, it is still a lot of trial and error and playing small. So, as we approach this resistance level 1499.85, what are you thinking about?
Keen to see where we close on the hourly but may well be worth a crack at a short as the 4hourly sell area comes into play
4&1 All Time Profit: $37,496
  • #304
  • Aug 23, 2019 7:14am Aug 23, 2019 7:14am
Quoting MzansiObi
{quote} Keen to see where we close on the hourly but may well be worth a crack at a short as the 4hourly sell area comes into play
When I saw it break through the resistance, I bought at 1500.92 with TP at 1503.85.....closed out with profit when it started to retreat from 1503 range. Nice quick hit.
If in doubt, paddle out!
  • #305
  • Aug 23, 2019 7:24am Aug 23, 2019 7:24am
Quoting SurfsUp
{quote} When I saw it break through the resistance, I bought at 1500.92 with TP at 1503.85.....closed out with profit when it started to retreat from 1503 range. Nice quick hit.
You tried catching the breakout?
I expect sellers to come in here....a little high for me to buy
4&1 All Time Profit: $37,496
  • #306
  • Aug 23, 2019 7:49am Aug 23, 2019 7:49am
Quoting MzansiObi
{quote} You tried catching the breakout? I expect sellers to come in here....a little high for me to buy
Yes. Got a little profit, but could have been a little more recently as it briefly hit the 1504.5 resistance. But, was a little skittish and pulled the plug at first sign of retreat.
If in doubt, paddle out!
  • #307
  • Aug 23, 2019 8:22am Aug 23, 2019 8:22am
Quoting SurfsUp
{quote} Yes. Got a little profit, but could have been a little more recently as it briefly hit the 1504.5 resistance. But, was a little skittish and pulled the plug at first sign of retreat.
A little goes a long way bud.

They all add up.

Missed my chance to trail
4&1 All Time Profit: $37,496
  • #308
  • Aug 23, 2019 9:17am Aug 23, 2019 9:17am
If structure doesn't break previous high on hourly close.....selling near upside levels could yield profits....but positing size becomes key....it's Friday don't hold too much or at all over the weekend
4&1 All Time Profit: $37,496
  • #309
  • Aug 23, 2019 9:28am Aug 23, 2019 9:28am
Quoting MzansiObi
If structure doesn't break previous high on hourly close.....selling near upside levels could yield profits....but positing size becomes key....it's Friday don't hold too much or at all over the weekend
Hourly close is NB....
4&1 All Time Profit: $37,496
  • #310
  • Aug 23, 2019 9:39am Aug 23, 2019 9:39am
D1 buy zones don't play around....time and again it has shown us.....H4 and h1 consolidated towards it.....orders/buyers accumulate then boom!!!!!
4&1 All Time Profit: $37,496
  • #311
  • Aug 23, 2019 10:06am Aug 23, 2019 10:06am
Weekly high broken and price closed above it, no selling yet, will let it calm down abit......
Too much politics for now.


Swooosh!!!!
4&1 All Time Profit: $37,496
  • #312
  • Aug 24, 2019 5:28am Aug 24, 2019 5:28am
Just don't short...
Attached Image (click to enlarge)
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  • #313
  • Aug 24, 2019 7:04am Aug 24, 2019 7:04am
Quoting derekw
Just don't short... {image}
Any shorting will be at specific levels bud. But buy dips will continue....
Do you mind explaining your posted chart....what are we looking at?
4&1 All Time Profit: $37,496
  • #314
  • Aug 25, 2019 5:04am Aug 25, 2019 5:04am
Quoting MzansiObi
Happy weekend traders. As things stand H1 has flipped bearish sell zone at :1513.58-1514.94 H4 still bullish for now. Buy zone :1514.37-1509.28 D1. Buy zone : 1451.35-1482.09. Now......RSI divergence from H4 down to H1 seems to be playing out. So while the swings up and down cannot be discarded seems we may head lower to meet the daily bull before going higher. But it's all speculative and we look to prep for some scenarios and follow price action at certain levels.. H4 bearish divergence remains consistent and favoured while the weeks high hasn't...

Happy weekend Traders.
Last week of the month to go.
Weekly review for the week ahead stands as follows......

Weekly recap....
Last weeks forecasted upside and downside levels played out...
market opened and H1 sell zone held up, it confirmed the bearish divergence as per H4 and Daily charts as sellers pushed the prices lower...

Downside level of 1509 held briefly as support then broke and flipped the rest of the week to become Resistance on an intra day basis.
Next downside level of 1497.58 became a pivot of sorts with prices gyrating there about on an intra day basis. low of the week was capped at 1492.38 as such confirming our third downside level of 1488.05 as key support.

We marked out our daily buy area ahead of the week and the above price action played out well towards that handle on an intra day basis up until the D1 buy area crept up towards 1491 .57 and when price pushed towards the low 1490's D1 bulls kicked in and price kept on pushing higher whenever it got to 1493ish handle.

D1 Bull strength broke through 1509(initially Support turned Resistance) , stalled near 1522.8 then broke through the level,broke through 1527.94 was eventually capped at 1530.16 and our high was set at 1530.21....price then came back and closed off the week at 1525.93....below the 1527.94 upside level......... so while we still trade intra day levels, the weekly forecast helps us look at what PA is doing at certain levels and assists in trying to get our entries in synch with market probability.....these levels were posted ahead of the week and there is no hindsight here...simple backtest/post check will show this.....(received an email from a guy that got pissed cause he got caught selling when the market flipped long again...intra day posts and levels were clear indicators of what we were looking at and where, and for the better part PA acted accordingly.....enough said).

Levels of interest this week are as follows

H1 flipped bullish...buy zone:1515.12-1507.31
H4 flipped bullish...buy zone:1507.01-1503.31
D1 buy Zone: from 1495.2 -1465


To the Upside
1530.58
1534.58
1539.45
1553.92
1578.10( Extended level)

To the downside
1516.15
1501.72
1492.81
1478.38
1465,32(Extended Level)



Happy Trading
Cheers to another Good trading week.
4&1 All Time Profit: $37,496
  • #315
  • Aug 25, 2019 5:19am Aug 25, 2019 5:19am
Clear dipiction of the week that was in terms of levels ahead of the week and PA....and and also showing the H1, H4 and D1 zones ahead of the week.


Happy trading and trade well
Attached Image(s) (click to enlarge)
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4&1 All Time Profit: $37,496
  • #316
  • Aug 25, 2019 7:36am Aug 25, 2019 7:36am
Some BTCUSD levels also posted here for those that may be intrested and keen on trading BTCUSD cross....

https://www.cryptocraft.com/showthre...4#post12462744
4&1 All Time Profit: $37,496
  • #317
  • Aug 25, 2019 10:04am Aug 25, 2019 10:04am
4+1 with Goldeuro Cross.


High correlation coefficient.....
Just an FYI post....
XAUSD on the right XAUEUR on the left.....
Attached Image (click to enlarge)
Click to Enlarge Name: image (30).png Size: 243 KB
4&1 All Time Profit: $37,496
  • #318
  • Aug 25, 2019 12:20pm Aug 25, 2019 12:20pm
Wow! @MzansiObi i must say that you really doing a nice job outta here. Also glad that the blue pips accompanies you. been trying, testing and backtesting a strategy like this although with slight similarities. Thank God i stumbled on your thread and im more encouraged to give it a bigger shot i must say, would also be part of posting what comes up as a gold miner!!
Kudos
  • #319
  • Aug 25, 2019 4:14pm Aug 25, 2019 4:14pm
Quoting Spirit4eva
Wow! @MzansiObi i must say that you really doing a nice job outta here. Also glad that the blue pips accompanies you. been trying, testing and backtesting a strategy like this although with slight similarities. Thank God i stumbled on your thread and im more encouraged to give it a bigger shot i must say, would also be part of posting what comes up as a gold miner!! Kudos
Hey Bud. Green pips to you too. Glad you stumbled across the thread. Just trying to assist and grow as I go along. Looking forward to hearing more about your backtesting and strategy....back yourself!!!! At all costs......
4&1 All Time Profit: $37,496
  • #320
  • Aug 25, 2019 4:49pm Aug 25, 2019 4:49pm
Good morning Mzansi

Can you please explain? what the above chart mean?
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