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4 + 1 (Metals) strategy

  • #341
  • Aug 26, 2019 4:14am Aug 26, 2019 4:14am
Holla! every one......the golden gap successfully closed.....
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  • #342
  • Aug 26, 2019 4:20am Aug 26, 2019 4:20am
still patiently waiting for a cross
  • #343
  • Aug 26, 2019 4:28am Aug 26, 2019 4:28am
30 minutes to the close of the candle...........reporting from H1.
fingers crossed for a soonest cross.
  • #344
  • Aug 26, 2019 5:16am Aug 26, 2019 5:16am
Yeah you can exercise patience if you're looking to buy from a deeper area, ie the H4 setup....but the H1 buy setups are valid for now more so so long as that 1525 handle keeps holding as support. With it may just do considering how previous hourly candle closed green

Will take the next retest of 1528.31

H1 stop loss at 1517...
4&1 All Time Profit: $37,496
  • #345
  • Aug 26, 2019 5:22am Aug 26, 2019 5:22am
Quoting MzansiObi
Yeah you can exercise patience if you're looking to buy from a deeper area, ie the H4 setup....but the H1 buy setups are valid for now more so so long as that 1525 handle keeps holding as support. With it may just do considering how previous hourly candle closed green Will take the next retest of 1528.31 H1 stop loss at 1517...
yea! thats true and thats exatly 32.8%. Have u pulled the buy trigger???
  • #346
  • Aug 26, 2019 5:24am Aug 26, 2019 5:24am
Are u kidding me.......100 pips stop loss????
  • #347
  • Aug 26, 2019 5:32am Aug 26, 2019 5:32am
Quoting MzansiObi
Yeah you can exercise patience if you're looking to buy from a deeper area, ie the H4 setup....but the H1 buy setups are valid for now more so so long as that 1525 handle keeps holding as support. With it may just do considering how previous hourly candle closed green Will take the next retest of 1528.31 H1 stop loss at 1517...
Okay bro! Invariably you didnt wait for the cross over right??
  • #348
  • Aug 26, 2019 5:42am Aug 26, 2019 5:42am
Quoting MzansiObi
Yeah you can exercise patience if you're looking to buy from a deeper area, ie the H4 setup....but the H1 buy setups are valid for now more so so long as that 1525 handle keeps holding as support. With it may just do considering how previous hourly candle closed green Will take the next retest of 1528.31 H1 stop loss at 1517...
Dont know if you've thought about that Gold has been at its highest high so far in a number of years??? so what was gusto in pulling that trigger??
just asking and learning
  • #349
  • Aug 26, 2019 5:48am Aug 26, 2019 5:48am
Quoting Spirit4eva
{quote} Dont know if you've thought about that Gold has been at its highest high so far in a number of years??? so what was gusto in pulling that trigger?? just asking and learning
Are you referring to the h1 buy setup?
4&1 All Time Profit: $37,496
  • #350
  • Aug 26, 2019 5:53am Aug 26, 2019 5:53am
Quoting Spirit4eva
Are u kidding me.......100 pips stop loss????
Lols don't stress about that.
Look at the where it's come from if we continue in our northward direction much more. True I wouldn't wanna be buying so high lot size is a little smaller as such widened SL for volatile swings....
4&1 All Time Profit: $37,496
  • #351
  • Aug 26, 2019 5:57am Aug 26, 2019 5:57am
Quoting Spirit4eva
{quote} Dont know if you've thought about that Gold has been at its highest high so far in a number of years??? so what was gusto in pulling that trigger?? just asking and learning
Price moved back into our buy zone on H1 and 1525 kept holding as support.....have already scaled out and taken partial profits. If price comes back to my entry I don't loose anything and I have already taken partial profits ..if it rallies I keep trailing ...
4&1 All Time Profit: $37,496
  • #352
  • Aug 26, 2019 6:03am Aug 26, 2019 6:03am
Quoting MzansiObi
Yeah you can exercise patience if you're looking to buy from a deeper area, ie the H4 setup....but the H1 buy setups are valid for now more so so long as that 1525 handle keeps holding as support. With it may just do considering how previous hourly candle closed green Will take the next retest of 1528.31 H1 stop loss at 1517...
OoopS! i guess i've joined you in placing the trade...gold should be eyeing the previous high for the 1st TP supposedly......
Trail stop 20 pips.....fingers crossed
Not sure though!
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  • #353
  • Aug 26, 2019 6:10am Aug 26, 2019 6:10am
Quoting MzansiObi
{quote} Price moved back into our buy zone on H1 and 1525 kept holding as support.....have already scaled out and taken partial profits. If price comes back to my entry I don't loose anything and I have already taken partial profits ..if it rallies I keep trailing ...
that was so smart of you
  • #354
  • Aug 26, 2019 6:17am Aug 26, 2019 6:17am
If we get stopped out the H4 setup will provide us with another opportunity to buy....to be honest I'd prefer buying around 1516.68...but we take what it's giving now.....
4&1 All Time Profit: $37,496
  • #355
  • Aug 26, 2019 6:28am Aug 26, 2019 6:28am
Oops! gold is really consolidating on 1525 for too long i must say.......im kinda having a draw down...........
  • #356
  • Aug 26, 2019 6:39am Aug 26, 2019 6:39am
Quoting Spirit4eva
Oops! gold is really consolidating on 1525 for too long i must say.......im kinda having a draw down...........
My trailing stop has been taken out. Still a profitable trade. Remember this handle is more or less where the market closed ahead of the weekend....let's see how much longer it holds but for now so long as it does hold, h1 buyers are good....
4&1 All Time Profit: $37,496
  • #357
  • Aug 26, 2019 6:47am Aug 26, 2019 6:47am
Fascinating thread and some very good posts on trading the real dragon! - subscribed.
  • #358
  • Aug 26, 2019 7:15am Aug 26, 2019 7:15am
Quoting Mtinifx
Fascinating thread and some very good posts on trading the real dragon! - subscribed.
You're welcome!!! Hommie!!!
  • #359
  • Aug 26, 2019 7:21am Aug 26, 2019 7:21am
We welcome you with arms wide open bud.....


Update: 1533 needs to break for us to push higher.....


Just placed a pending buy order at

1519.23
SL 1510.
TP Open.
4&1 All Time Profit: $37,496
  • #360
  • Aug 26, 2019 7:27am Aug 26, 2019 7:27am
Quoting MzansiObi
We welcome you with arms wide open bud..... Update: 1533 needs to break for us to push higher..... Just placed a pending buy order at 1519.23 SL 1510. TP Open.
Oooops! did you say pending buy order @ 1513...was that a buy limit...
so how come you eyeing 1533???
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