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4 + 1 (Metals) strategy

  • #441
  • Aug 27, 2019 1:39pm Aug 27, 2019 1:39pm
Quoting MzansiObi
{quote} Lols Auri, just a bit of banter mate. Was saying you're probably one of the Market makers.... Give IC markets a check.... Won't say anything else about them as I'm not one of their IBs...... Been assessing XAUEUR but haven't traded it as yet.....as you rightfully said last week, I'm waiting for a sense of normalcy......don't want to expose myself too much....will probably resume trading it's correlation mid September......
Tnx man;D Yeah, I hear you... I have been "promoting" here about the xaueur advantages... also promised dedicated LIVE te for it... but guess picked the wrong week Not much difference however, just additional edge.. which would be very helpful... Glad the broker I am testing now.. is allowing all things that I am looking for...
good lev, metals (even xauer to my surprise), is listed here on FF, so no promo or anything and! can be connected with TE.. since I would like to have it published...
BTW had this problem with crpyto with some brokers... can't connect it here... We all know about etoro.. etc... And LIVE trades are valuable, I think..

So will wait for rebound of USD.. to rather lower level.. not much.. just that it kinda levels somewhat... because I love slower dropping instead of nasty spikes
Will see what happens this week.. I would bet we would be looking for a rebound to about to market open.. this week... after that.. it should be nice to bet on the slowly stronger USD by the day, for the next 2 months at least... which I have been saying for quite some time.. But hey, that's markets! Surprise can happen the next second

Some people here are already doing LIVE TE tests (some competition threads for this), right? I want to be ready by the time it gets under the option at top menu

Also tnx for the IC markets tip, I opened account here but had some issue with them not offering neg balance protection... directly... hey they say according to "good practice" they do offer to level but would much prefer to have that as a guarantee in advance instead of relying on hope or past experience (of others.
Can you afford to take that chance?
  • #442
  • Aug 27, 2019 1:45pm Aug 27, 2019 1:45pm
Quoting auricforecas
{quote} Tnx man;D Yeah, I hear you... I have been "promoting" here about the xaueur advantages... also promised dedicated LIVE te for it... but guess picked the wrong week Not much difference however, just additional edge.. which would be very helpful... Glad the broker I am testing now.. is allowing all things that I am looking for... good lev, metals (even xauer to my surprise), is listed here on FF, so no promo or anything and! can be connected with TE.. since I would like to have it published... BTW had this problem with crpyto...
Jip I hear you.
Normally I trade a reduce lot size on XAUEUR when I find the setup on XAUUSD.....both will be in the same direction ofcourse but given the dynabjcs of late have opted to only focus on XAUUSD cross just incase it goes ape on me.

I suppose in due time....I have still been on that aim to try and get a quantified unit in terms of net gain over a longer period of time on that cross. Will get onto it in due course....


Back to this.....
Targeting 1535.8 for current relief rally.....
Thinking Asia might push it higher.....
Will be watching....
4&1 All Time Profit: $37,496
  • #443
  • Aug 27, 2019 1:52pm Aug 27, 2019 1:52pm
Quoting MzansiObi
{quote} Jip I hear you. Normally I trade a reduce lot size on XAUEUR when I find the setup on XAUUSD.....both will be in the same direction ofcourse but given the dynabjcs of late have opted to only focus on XAUUSD cross just incase it goes ape on me. I suppose in due time....I have still been on that aim to try and get a quantified unit in terms of net gain over a longer period of time on that cross. Will get onto it in due course.... Back to this..... Targeting 1535.8 for current relief rally..... Thinking Asia might push it higher..... Will be...
Hah, just noticed I clicked on different thread that I intended in the beginning But was glad I did, for your response alone, about the brokerage
I might tell you that I almost regretted posting something here.. but happily not many people noticed or took it seriously Even if I quoted to my previous posts.. that made some "predictions" That is why I love BIG markets btw... very low chances of someone thinking someone has the advantage... unlike stocks... that are pain in the... always have to have "research" to back up larger orders... BTW, I have a friend that knows how to trade some stocks... won't even mention which.. but is afraid of being too good and to have some problems hah... Ok I glad I stopped, tnx man! Will be in sister threads, not to pollute this thread since I do not know how to reply to this strategy you are having... won't talk something I might not be "expert" in

Meanwhile the price got hit... TP... nice test...
Can you afford to take that chance?
  • #444
  • Edited 2:08pm Aug 27, 2019 1:54pm | Edited 2:08pm
Quoting auricforecas
{quote} Ok, I do not want to be greedy for this kinda trade... just put TP at 1540.57
Ok, just to quote "myself" since I love giving feedback, I take my posts (too) seriously maybe...
Ok I published TE now, was kinda risky... at 200:1.... You can see the trade there.. that I posted in this thread, in advance... Just a test to see the whole trade/cost picture... Will now review the whole picture and total/hidden costs.. to get some estimate what kinda return can be realistically expected.. should (trading) plan give milk that is

And yeah, I am aware of massively underharvest this trade/signal.. but at 200:1... wasn't sure about playing too long price went opposite already, before it went where it "should go" atm
Can you afford to take that chance?
  • #445
  • Aug 27, 2019 2:15pm Aug 27, 2019 2:15pm
Quoting auricforecas
{quote} Ok, shorting now XAUUSD (as said in previous post), to see how this (new/testing) broker is going... Will use as a trade feedback of course, but also to test the whole picture of the broker/trade... to see the whole picture deposit->trade->withdrawal... and trading at certain % at certain LEV.. then analyse in retrospect how much it costed me vs theoretical (pure) profits Will be trading XAUUSD, just because I believe USD will get a slight drop vs (eur etc...) this week... but after that I might prefer xaueur as I said many times......
Dont know bout u though, buh there was once i traded both XAUUSD and EURUSD. buh had to stop and concentrate more on XAUUSD cos they are almost the same, i mean like very high positive correlation....
just suggesting though
  • #446
  • Aug 27, 2019 2:18pm Aug 27, 2019 2:18pm
Quoting Spirit4eva
{quote} Dont know bout u though, buh there was once i traded both XAUUSD and EURUSD. buh had to stop and concentrate more on XAUUSD cos they are almost the same, i mean like very high positive correlation.... just suggesting though
Yeah tnx man..I would normally.. due but since I "come" from EURUSD "specialisation.. and I have been predicting (slow) decline since 22JUN19... was thinking why
not take this additional edge... out of it See here for example... https://www.metalsmine.com/showthrea...5#post12433295 (many similar posts I made, tracking at good times, bad times, rebounds etc Will track it some further, after this week... should it continue to go as predicted, will seriously, at least think, check the XAUEUR trading option (considering the maybe different costs, spreads etc.. also)... TBC, maybe
Can you afford to take that chance?
  • #447
  • Aug 27, 2019 2:21pm Aug 27, 2019 2:21pm
Quoting MzansiObi
{quote} I'm glad you have joined the party looking for the south bound levels.
me too
  • #448
  • Aug 27, 2019 2:24pm Aug 27, 2019 2:24pm
Quoting auricforecas
{quote} Not sure I understand your question? What broker would you recommend? I am looking (same story as with BTC) a good reliable broker with "decent" leverage and low spreads... and as a bonus.. the one that can be connected to TE? (since I promissed I will publish live dedicated TE.. for gold - xaueur to be exact so additional "problem" xaueur trading must be possible) As you know my main market/broker is/was FX/Oanda... Testing some other brokers now.. because they do allow better flexibility.. I was talking about that before......
Yea! One market....since ive started doing this. ive began to understand forex more than before
  • #449
  • Aug 27, 2019 2:25pm Aug 27, 2019 2:25pm
Quoting MzansiObi
{quote} Alright, let's say I have 4 traded open. One trade at 1 lot and the other two at .5 each.....I will Waite to take partial profits on one of the trades and move my SL to BE before I open a fith trade. Say I close .25 on one of the 0.5 trades I will then open the fith trade with maximum .25 lot size or less. In essence every level or trade will vary in relation to my risk appetite at that point in time or the possible risk associated at a specific level....does that make sense
on M15 right????
  • #450
  • Aug 27, 2019 2:27pm Aug 27, 2019 2:27pm
Quoting auricforecas
{quote} TradeExplorer.. It is rather popular thing in SISTER forums (top bottom)... as a way to "measure" traders performance aka putting money where the mouth is I belieive TradeExplorers will be listed under "Trades" menu in the (near? future, here on metalsmine... so we would be able to compare the results...
Ok! now i get...buh i dont understand why i have to make my trade results visible for all and all to see....
just saying,,,,,,
  • #451
  • Aug 27, 2019 2:28pm Aug 27, 2019 2:28pm
Quoting Spirit4eva
{quote} on M15 right????
Nope. Analysis is done on the 1hour,4hour and daily chart.
Once I have an idea as to where I should be looking to enter, I can drop down to the M15 for he entry
4&1 All Time Profit: $37,496
  • #452
  • Aug 27, 2019 2:33pm Aug 27, 2019 2:33pm
Quoting Spirit4eva
{quote} Ok! now i get...buh i dont understand why i have to make my trade results visible for all and all to see.... just saying,,,,,,
You don't have to, I do no like that part either... specially since TradeList is visible and can not be disabled... so to display just return etc... I have other (reroute) accounts for this, to scramble my trades a bit or randomise... Would just like to show some of what might be possible... in PROCESS, not anything glorious ready for that atm... but maybe It will be, we will see.. It also help, for some test trade for example.. to show some people what the overall trade (cost) picture is.. because there are some surprises at different brokers... Noticed Oanda is much different, had quite some time adjusting to environments... Everything optional though... But yeah, I wonder if TEs (sometimes) help with credibility anyway, because if you are not pulling at least 100% per... (insert), not much interest, if you are surpassing, people suspect it is fake, etc etc
Can you afford to take that chance?
  • #453
  • Aug 27, 2019 2:34pm Aug 27, 2019 2:34pm
Quoting MzansiObi
{quote} Nope. Analysis is done on the 1hour,4hour and daily chart. Once I have an idea as to where I should be looking to enter, I can drop down to the M15 for he entry
Ok! so what bout your trade??? have u closed anyone??? or are u placing any one soon????
so that i could join u.
tnx
  • #454
  • Aug 27, 2019 2:36pm Aug 27, 2019 2:36pm
Quoting Spirit4eva
{quote} Ok! so what bout your trade??? have u closed anyone??? or are u placing any one soon???? so that i could join u. tnx
I posted over here bro. Shorted that second upside level have already taken partial profits on it. Will leave the rest to run till asia session.
4&1 All Time Profit: $37,496
  • #455
  • Aug 27, 2019 2:40pm Aug 27, 2019 2:40pm
Quoting MzansiObi
{quote} I posted over here bro. Shorted that second upside level have already taken partial profits on it. Will leave the rest to run till asia session.
OOps!sorry wasnt online then..
placed a sell at 1541
  • #456
  • Aug 27, 2019 2:42pm Aug 27, 2019 2:42pm
Quoting Spirit4eva
{quote} OOps!sorry wasnt online then.. placed a sell at 1541
eyeing 40 pips though
  • #457
  • Aug 27, 2019 3:02pm Aug 27, 2019 3:02pm
Thank you for accepting me, greetings from Chile
  • #458
  • Aug 27, 2019 3:05pm Aug 27, 2019 3:05pm
Quoting MzansiObi
{quote} I posted over here bro. Shorted that second upside level have already taken partial profits on it. Will leave the rest to run till asia session.
would you be paying spread on any of your trades??????
  • #459
  • Aug 27, 2019 3:09pm Aug 27, 2019 3:09pm
shorted two trades.....one already in profit
  • #460
  • Aug 27, 2019 3:10pm Aug 27, 2019 3:10pm
Quoting Spirit4eva
{quote} would you be paying spread on any of your trades??????
Since we selling gold to buy dollar, spread should be positive right??????
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