4 + 1 (Metals) strategy | Page 20 | 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

  • #381
  • Aug 26, 2019 1:02pm Aug 26, 2019 1:02pm
Quoting Spirit4eva
{quote} I mean ranging for 11 hours now....OMG!!!! Can find it easy controlling my emotions though.....
remember what i pointed out earlier my ninja, every time it gets to 1533/32, look to close out/ trail if you entered within the H1 buy zone. Now if we look at the hourly chart, i have entered from hourly setup 3 times. banked profit three times, and yes my trailing stop got taken out three times.....but i didnt watch it get into profit and turn on me again....its ranging yes, and you picked that up, so we milk the range till it gets out the range.......those three trades almost add up to about 80% of what i would have made if it had carried on climbing in one trade, the point am trying to make is that a pip here and a pip there can all add up to a decent amount of pips in the end.......
4&1 All Time Profit: $37,496
  • #382
  • Aug 26, 2019 1:08pm Aug 26, 2019 1:08pm
Quoting Spirit4eva
it seems to me that my EMAs have crossed. if it goes beyond this, i might have to call it a loss {image}
they havent crossed yet, wait for the gap between the two EMA's to widen before you take the H1 as a sell zone....this flattening out of the EMA's confirms what you rightfully pointed out, price has been in a range and the RSI is also pointing downwards, meaning we could possibly expect price to dip lower in the medium term before going further at some point H4 buy zone is going to come into play..... then when that happens we can sell h1 setups and buy H4 buy setups till what happens? till h1 bears overpower h4 bears and turn h4 bearish or h4 bulls overpower h1 bears and flip them back bullish. But the levels you enter at are very important....

your buy entry was alsmost at the top of the h1 range...buying from the h1 buy zone at 1527ish upto 1533 more advisable.....

am thinking you may have an opportunity again tonight to atleast BE
4&1 All Time Profit: $37,496
  • #383
  • Aug 26, 2019 1:29pm Aug 26, 2019 1:29pm
Just went through some dollar pairs and they were ranging...eurusd, usdjpy etc...while dollar index seems to me to be at a resistance.....still anticipating a golden bullish move though
  • #384
  • Aug 26, 2019 1:38pm Aug 26, 2019 1:38pm
Quoting MzansiObi
{quote} remember what i pointed out earlier my ninja, every time it gets to 1533/32, look to close out/ trail if you entered within the H1 buy zone. Now if we look at the hourly chart, i have entered from hourly setup 3 times. banked profit three times, and yes my trailing stop got taken out three times.....but i didnt watch it get into profit and turn on me again....its ranging yes, and you picked that up, so we milk the range till it gets out the range.......those three trades almost add up to about 80% of what i would have made if it had carried...
Really fascinating. how come you bank 3 trades all in profit when ive been watching my pc all day....could u please explain to me in a bit more details if u dont mind...want to learn though...tnx
  • #385
  • Aug 26, 2019 2:39pm Aug 26, 2019 2:39pm
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
Welcome Spirit4eva. Agreed this is an awesome thread and MzansiObi is guiding us well.
If in doubt, paddle out!
  • #386
  • Aug 26, 2019 2:41pm Aug 26, 2019 2:41pm
Ha ha - reminds me of Akim - the midas touch!

No there was a small buying opportunity this afternoon which showed up on my chart - 25/30 pips due to it's being a falsie - you gotta love the way they operate!! Now back in the range - maybe next session (if you're awake!)
  • #387
  • Aug 26, 2019 2:47pm Aug 26, 2019 2:47pm
Quoting Mtinifx
Fascinating thread and some very good posts on trading the real dragon! - subscribed.
Welcome Mtinifx. Always excited for new viewpoints and traders on this thread.
If in doubt, paddle out!
  • #388
  • Aug 26, 2019 2:48pm Aug 26, 2019 2:48pm
Quoting Spirit4eva
{quote} Really fascinating. how come you bank 3 trades all in profit when ive been watching my pc all day....could u please explain to me in a bit more details if u dont mind...want to learn though...tnx
buying off of the 1527/28 handle up towards that the 1532/33 mark bro.
Do you recall me mention those levels. those were buy scalps and i have placed my buy limit lower.....that is still waiting to be filled.
As mentioned earlier so long as 1525 doesnt break and we dont get an hourly close below that, we can keep buying the h1 buy setups....
i might adjust the pending buy order in a couple of hours depending where the numbers lie after NY close...
4&1 All Time Profit: $37,496
  • #389
  • Aug 26, 2019 2:58pm Aug 26, 2019 2:58pm
Quoting Mtinifx
Ha ha - reminds me of Akim - the midas touch! No there was a small buying opportunity this afternoon which showed up on my chart - 25/30 pips due to it's being a falsie - you gotta love the way they operate!! Now back in the range - maybe next session (if you're awake!)
saw that false break out bud, i was also convinced we may ne pushing higher and breaking the range, but then the m5 chart failed to make a higher high and closed below the m5 200MA soon we will break out of this range though......London Bankers are back on the track tomorrow so should get interesting....
4&1 All Time Profit: $37,496
  • #390
  • Aug 26, 2019 3:02pm Aug 26, 2019 3:02pm
Quoting MzansiObi
{quote} saw that false break out bud, i was also convinced we may ne pushing higher and breaking the range, but then the m5 chart failed to make a higher high and closed below the m5 200MA soon we will break out of this range though......London Bankers are back on the track tomorrow so should get interesting....
False break out invalidating the push higher....
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20190826_220049.png Size: 115 KB
4&1 All Time Profit: $37,496
  • #391
  • Aug 26, 2019 11:07pm Aug 26, 2019 11:07pm
Bought that level again Spirit....
4th hit from same level.
But will stop scalping as we see what LO does in abit
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20190827_060439.png Size: 151 KB
4&1 All Time Profit: $37,496
  • #392
  • Aug 27, 2019 12:50am Aug 27, 2019 12:50am
Morning Traders

As things stand,

H1 bullish to flat
H4 Bullish
D1 Bullish

H1 Zone: 1527-88 - 1528.75
H4 Zone:1523.25 - 1515.61
D1 Zone:1501.89 - 1473.96

With this in mind buy dip mode to continue.
Yesterdays tight range ought to break today. As mentioned shortly after london open yesterday, 1525 became key support while 1532/3 became key resistance....as such buying h1 setups was successfull, simple wash, rinse and repeat.


Levels for today

Upside:

1535.68
1543.61
1548.79
1558.01

Downside:

1525.10
1517.95
1508.89
1504.71



Buy Limit

Buy 1523.82
SL 1513
4&1 All Time Profit: $37,496
  • #393
  • Aug 27, 2019 1:08am Aug 27, 2019 1:08am
Quoting MzansiObi
Morning Traders As things stand, H1 bullish to flat H4 Bullish D1 Bullish H1 Zone: 1527-88 - 1528.75 H4 Zone:1523.25 - 1515.61 D1 Zone:1501.89 - 1473.96 With this in mind buy dip mode to continue. Yesterdays tight range ought to break today. As mentioned shortly after london open yesterday, 1525 became key support while 1532/3 became key resistance....as such buying h1 setups was successfull, simple wash, rinse and repeat. Levels for today Upside: 1535.68 1543.61 1548.79 1558.01 Downside: 1525.10 1517.95 1508.89 1504.71 Buy Limit Buy 1523.82 SL...
Associated charts.
H1 clear support structure and flattened buy zone.
H4 buy zone drifted higher associated level shown.
D1 buy zone clearly depicted
Attached Image(s) (click to enlarge)
Click to Enlarge Name: IMG_20190827_080358.png Size: 98 KB
Click to Enlarge Name: IMG_20190827_080314.png Size: 106 KB
Click to Enlarge Name: IMG_20190827_080228.png Size: 120 KB
4&1 All Time Profit: $37,496
  • #394
  • Aug 27, 2019 1:59am Aug 27, 2019 1:59am
Quoting MzansiObi
Bought that level again Spirit.... 4th hit from same level. But will stop scalping as we see what LO does in abit {image}
Closed out again. Lets see where and how LO hourly candle closes.



@ Spirit4ever, mentioned you may get a chance to scale out of your trade and wait for a better entry....hope you looking at the charts
4&1 All Time Profit: $37,496
  • #395
  • Aug 27, 2019 3:29am Aug 27, 2019 3:29am
Quoting MzansiObi
Morning Traders As things stand, H1 bullish to flat H4 Bullish D1 Bullish H1 Zone: 1527-88 - 1528.75 H4 Zone:1523.25 - 1515.61 D1 Zone:1501.89 - 1473.96 With this in mind buy dip mode to continue. Yesterdays tight range ought to break today. As mentioned shortly after london open yesterday, 1525 became key support while 1532/3 became key resistance....as such buying h1 setups was successfull, simple wash, rinse and repeat. Levels for today Upside: 1535.68 1543.61 1548.79 1558.01 Downside: 1525.10 1517.95 1508.89 1504.71 Buy Limit Buy 1523.82 SL...
1535 has held up to the upside....
lets see what price does as it challenges the lower band.....sub 1530 close on hourly chart key for further downside
4&1 All Time Profit: $37,496
  • #396
  • Aug 27, 2019 3:44am Aug 27, 2019 3:44am
Quoting MzansiObi
Bought that level again Spirit.... 4th hit from same level. But will stop scalping as we see what LO does in abit {image}
Ok! i now get. Thanks! i guess my mistake was that i bought at 1533 on H1 at exactly 1300 GMT candle,,,was thinking it would move up directly........just seeing that u kinda waited for price to pick u up at around 1526 or therabouts.....
  • #397
  • Aug 27, 2019 3:45am Aug 27, 2019 3:45am
Quoting MzansiObi
{quote} Closed out again. Lets see where and how LO hourly candle closes. @ Spirit4ever, mentioned you may get a chance to scale out of your trade and wait for a better entry....hope you looking at the charts
By scaling out do you mean i should also view lower time frames.......e.g 15minutes??????
  • #398
  • Aug 27, 2019 3:47am Aug 27, 2019 3:47am
Quoting MzansiObi
{quote} 1535 has held up to the upside.... lets see what price does as it challenges the lower band.....sub 1530 close on hourly chart key for further downside
collected my profit at 1535 though....
its really been like a forever trade mehn!!!!
  • #399
  • Aug 27, 2019 3:50am Aug 27, 2019 3:50am
What ive also learnt from @MzansiObi is that whenever market is kinda ranging on a higher time frame, instead of sitting there being glued to your pc, you could go to lower time frames and bag profits a number of times.
Great lesson learnt for me. Tnx bud!!!
  • #400
  • Aug 27, 2019 3:53am Aug 27, 2019 3:53am
Quoting MzansiObi
{quote} Closed out again. Lets see where and how LO hourly candle closes. @ Spirit4ever, mentioned you may get a chance to scale out of your trade and wait for a better entry....hope you looking at the charts
Yea mahn! so where exactly would u be placing your order or pulling ur trigger?????
are u waiting for when it gets to 1526/1527 region????????
6 traders viewing now