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4 + 1 (Metals) strategy

  • #401
  • Aug 27, 2019 3:55am Aug 27, 2019 3:55am
I like simple strategies, thanks for sharing !!!
  • #402
  • Aug 27, 2019 3:58am Aug 27, 2019 3:58am
Not really a fan of RSI, bjut with what i see i think RSI is kinda cool in ranging markets.....
  • #403
  • Aug 27, 2019 4:10am Aug 27, 2019 4:10am
On M15, RSI shows price under equilibrium level......anticipating an upsurge......
wat u think @Mzansiobi??????
  • #404
  • Aug 27, 2019 5:23am Aug 27, 2019 5:23am
Apologies for delayed responses.
Been abit busy with little man and some admin.

Glad you bagged some profits on that trade bud, i felt your frustration yesterday....if the h1 is in a buy setup but failing to break higher as it was yesterday, dropping to that m15 and buying the range base looking for the range ceiling will work, but reduce the lot size incase price does try and break out of that range....ie, you decide to sell the range top and then the market doesnt pull back and continues through with the h1 bull setup...
4&1 All Time Profit: $37,496
  • #405
  • Aug 27, 2019 5:25am Aug 27, 2019 5:25am
Quoting kimkimfx
I like simple strategies, thanks for sharing !!!
Hey K, you are welcome, we often over complicate things unnecessarily trying to seem sophisticated and what not, so long as it generates money for me, im fine.....welcome to the family
4&1 All Time Profit: $37,496
  • #406
  • Aug 27, 2019 6:53am Aug 27, 2019 6:53am
Quoting MzansiObi
Apologies for delayed responses. Been abit busy with little man and some admin. Glad you bagged some profits on that trade bud, i felt your frustration yesterday....if the h1 is in a buy setup but failing to break higher as it was yesterday, dropping to that m15 and buying the range base looking for the range ceiling will work, but reduce the lot size incase price does try and break out of that range....ie, you decide to sell the range top and then the market doesnt pull back and continues through with the h1 bull setup...
thanks bud....#Noted
  • #407
  • Aug 27, 2019 6:53am Aug 27, 2019 6:53am
Hi Guys

Sorry my attention is divided between two threads! I posted this post earlier (6.18am GMT):

Gold bulls are back although wary at 1535
GJ needs to break 129.00

I was concerned by the early breakout late Asian session which often signals a fizzle out! We got to 1535 which at least gives us a fairly nice range now. My prognosis (what do I know!) is now for an upside breakout as price action since yesterday morning has formed a bullish flag. Let's see but seems more likely IMHO
  • #408
  • Aug 27, 2019 7:00am Aug 27, 2019 7:00am
Quoting kimkimfx
I like simple strategies, thanks for sharing !!!
Simple but tactical though.. you know nothing neccessarily comes without due diligence and hard work......
you welcome......due give it a try and tell us what you think.........
  • #409
  • Aug 27, 2019 7:22am Aug 27, 2019 7:22am
Quoting Mtinifx
Hi Guys Sorry my attention is divided between two threads! I posted this post earlier (6.18am GMT): Gold bulls are back although wary at 1535 GJ needs to break 129.00 I was concerned by the early breakout late Asian session which often signals a fizzle out! We got to 1535 which at least gives us a fairly nice range now. My prognosis (what do I know!) is now for an upside breakout as price action since yesterday morning has formed a bullish flag. Let's see but seems more likely IMHO
Hey MT.
Thanks for the contribution.
You are correct when you say you favour the upside breakout, but with every failed attempt I wonder when they will give up steam.
It seems someone has some serious orders around the range high and low and may close the one hedge and open the floodgates soon.....till then we wash rinse and repeat this cycle.


For so long as it works
4&1 All Time Profit: $37,496
  • #410
  • Aug 27, 2019 7:23am Aug 27, 2019 7:23am
Quoting Spirit4eva
{quote} Simple but tactical though.. you know nothing neccessarily comes without due diligence and hard work...... you welcome......due give it a try and tell us what you think.........
Have you taken any positions yet today?
Avoid getting trapped you have been watching it and have analysed it well as to what it's been Doig for almost 48hours now......
4&1 All Time Profit: $37,496
  • #411
  • Aug 27, 2019 8:53am Aug 27, 2019 8:53am
Yes patience is the virtue here and as always in this tough game

Bullish activity at the moment but I would like to see a clean break of 1535 resistance before getting excited
  • #412
  • Aug 27, 2019 9:38am Aug 27, 2019 9:38am
Woosh!!!!!!
Just bagged 100 grand.
bad money management though.....
was almost scared to death.......
for now, i'll just cross my heart, cross my fingers, cross my hands then cross my legs waiting for gold to tell me where he is headed....lol
  • #413
  • Aug 27, 2019 9:42am Aug 27, 2019 9:42am
Quoting Mtinifx
Yes patience is the virtue here and as always in this tough game Bullish activity at the moment but I would like to see a clean break of 1535 resistance before getting excited
i'll suggest bro that you should kinda keep watching your chart closely......so that as soon your pips turn blue you quickly close the trade..cos the chances are kinda getting slimmer as we sit at this golden support.moreover, a pinbar is at D1 already......
just suggesting though.....
  • #414
  • Aug 27, 2019 10:01am Aug 27, 2019 10:01am
Hi Mzansiobi!!
i still kinda have issues fitting into that 1-3% money management cos of my acct size though.......so wat do u do or wat do u like to do as regards this???
tnx brov
  • #415
  • Aug 27, 2019 10:14am Aug 27, 2019 10:14am
Quoting Spirit4eva
Hi Mzansiobi!! i still kinda have issues fitting into that 1-3% money management cos of my acct size though.......so wat do u do or wat do u like to do as regards this??? tnx brov
Clarify your question please bros....or rephrase rather please
4&1 All Time Profit: $37,496
  • #416
  • Aug 27, 2019 10:18am Aug 27, 2019 10:18am
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...
Where will we close ......above or below first upside tick level?

If we do close above that level, what lies next 1543.6....trailing stops for h1 buyers can come to play.....

I sold the range top and as such bit of DD.
4&1 All Time Profit: $37,496
  • #417
  • Aug 27, 2019 10:36am Aug 27, 2019 10:36am
Oops! how i wish i was in this trade.......lol
Attached Image (click to enlarge)
Click to Enlarge Name: bull gold.PNG Size: 37 KB
  • #418
  • Aug 27, 2019 10:37am Aug 27, 2019 10:37am
Quoting MzansiObi
{quote} Clarify your question please bros....or rephrase rather please
I mean how many percent of your account do you risk on your trade
  • #419
  • Aug 27, 2019 11:02am Aug 27, 2019 11:02am
@Mzansiobi..........wats your take if todays candle on D1 closes above the close yesterdays candle???? 5 hrs to end of New york session
  • #420
  • Aug 27, 2019 11:23am Aug 27, 2019 11:23am
Noticed a break above the 1543.61 R, so bought with TP 1548.50 and SL at 1542. A little opportunity. Wondering about a retrenchment, or will we push through and into the 1550s territory. I hate buying this high, but obviously a tight window setup.
If in doubt, paddle out!
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