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4 + 1 (Metals) strategy

  • #501
  • Aug 28, 2019 7:47am Aug 28, 2019 7:47am
Quoting Spirit4eva
Is anyone selling gold with me??????
You bagged some, I've had some DD. Been holding a short since London session.....H1 chart just gave another buy setup.......Thinking its targeting 1554..... More or less where my sell stops are.....
4&1 All Time Profit: $37,496
  • #502
  • Aug 28, 2019 8:14am Aug 28, 2019 8:14am
Quoting Spirit4eva
{quote} EMA not SMA right????????
This is what I mean by the H1 is up on a buy zone now.....

Also, look at the buy order with the trailing stop. Have closed most of position and left 0.1 on the table....then started selling....so the buy hedge trade is my insurance to minimise my DD incase price rallies......or while I wait for price to drop in my favour.....


That 1560 handle is a stretch....almost end of the month so I don't wanna buy so high.....will rather opt to buy a dip lower.....but h1 is clearly saying BUY......
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20190828_150915.png Size: 125 KB
4&1 All Time Profit: $37,496
  • #503
  • Aug 28, 2019 8:37am Aug 28, 2019 8:37am
Also just picked up a bit of a inverse head and shoulder pattern forming on h1..... If that neckline breaks it validates the H1 buy setup..... So all these things add up/build confluence......the shoulder levels always give an indication aswell....it's the same thing when coming down.......
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20190828_153457.png Size: 191 KB
4&1 All Time Profit: $37,496
  • #504
  • Aug 28, 2019 9:04am Aug 28, 2019 9:04am
Woosh!!!! bagged 36 and 33 pips respectively for my two sells......
picking M15 tops and bottoms
  • #505
  • Aug 28, 2019 9:09am Aug 28, 2019 9:09am
Quoting MzansiObi
Also just picked up a bit of a inverse head and shoulder pattern forming on h1..... If that neckline breaks it validates the H1 buy setup..... So all these things add up/build confluence......the shoulder levels always give an indication aswell....it's the same thing when coming down....... {image}
Yea! very true bro........was almost posting the same....but was kinda seeing a double top on H1......
so fingers crossed for neckline golden break..for now im kinda out waiting for a setup
  • #506
  • Aug 28, 2019 9:14am Aug 28, 2019 9:14am
Quoting Spirit4eva
Woosh!!!! bagged 36 and 33 pips respectively for my two sells...... picking M15 tops and bottoms
That's good.

Look at the M15 and have a look where that 200 ema is.....once you have marked that, look at the 4hour Hart and what do you see? Price drifted into H4 buy setups
4&1 All Time Profit: $37,496
  • #507
  • Aug 28, 2019 9:25am Aug 28, 2019 9:25am
Quoting MzansiObi
{quote} The Charts are suggesting further upside. But am thinking if it does drop, it will be a significant drop just looking at the higher time frame divergence. Will look to trail most of my positions quickly
Great advice. Thanks.
If in doubt, paddle out!
  • #508
  • Aug 28, 2019 9:59am Aug 28, 2019 9:59am
@Mzansiobi, you know at the beginning of the thread you talked about moving your stop loss to break even when you already in profit.......so wanted to ask if you've been doing it....cos in many of ur screen shots i have been "stop loss".....
  • #509
  • Aug 28, 2019 10:02am Aug 28, 2019 10:02am
@Mzansiobi, been back testing though.and so far ive discovered that with the present of a static stop loss, it allows/gives price a breathing space to do whatever it wants to do and later go in the intended direction.......though in some cases i had few losses.
so which one are you suing now...
thanks brov!!!!
  • #510
  • Aug 28, 2019 10:04am Aug 28, 2019 10:04am
Who is on a golden trade already??????
what was ur setup like????
  • #511
  • Aug 28, 2019 10:04am Aug 28, 2019 10:04am
Quoting SurfsUp
{quote} Great advice. Thanks.
sure....
  • #512
  • Aug 28, 2019 10:09am Aug 28, 2019 10:09am
Im kinda looking at buy "if" i see a bullish candle close above the 1537 area, then might aim 1542 for a TP on M15..
not sure though cos the setup is not yet clear to me...
so wat do you guys think???
  • #513
  • Aug 28, 2019 10:15am Aug 28, 2019 10:15am
Quoting Spirit4eva
@Mzansiobi, been back testing though.and so far ive discovered that with the present of a static stop loss, it allows/gives price a breathing space to do whatever it wants to do and later go in the intended direction.......though in some cases i had few losses. so which one are you suing now... thanks brov!!!!
rather in short, what is your sentiment as regards moving stop loss to Be when in profit and static stop loss???????
tnx
  • #514
  • Aug 28, 2019 10:15am Aug 28, 2019 10:15am
Quoting Spirit4eva
@Mzansiobi, you know at the beginning of the thread you talked about moving your stop loss to break even when you already in profit.......so wanted to ask if you've been doing it....cos in many of ur screen shots i have been "stop loss".....
Yeah I have. Those posts where the SL gets hit is the trailing stop.
Take the previous screen shot. The buy trade was around 1534 if am not mistaken and SL was moved up to 1537.....so you see the SL is moved to BE+... Then I opened sell trades and when they moved into profit I do the same thing. The buy trade gets stopped out in profit and sell trade runs. Before adjusting the SL in most instances I will look to take partial profits...that is.....a position of 0.5 I will close 0.25 and leave 0.25 on the table for example.....
4&1 All Time Profit: $37,496
  • #515
  • Aug 28, 2019 10:18am Aug 28, 2019 10:18am
Quoting Spirit4eva
{quote} rather in short, what is your sentiment as regards moving stop loss to Be when in profit and static stop loss??????? tnx
It's all subjective bro.
Think of it this way......on Monday I kept buying 1527/28 and kept taking partial profits before adjusted SL gets hit. Still made profit.....on three occasions. But last week Friday, I'd been adjusting SL after buying and eventually when he market did take off, my stops had been taken out and while I was waiting for the pullback to enter again it rallied without me......so it all depends really...

Some guys don't wanna/cant sit infront of PC all day....as such the static stop may work....now if you do what I do, by adjusting quickly. You end up opening and closing more traded intra day.......each to their own....
4&1 All Time Profit: $37,496
  • #516
  • Aug 28, 2019 10:25am Aug 28, 2019 10:25am
Quoting Spirit4eva
Im kinda looking at buy "if" i see a bullish candle close above the 1537 area, then might aim 1542 for a TP on M15.. not sure though cos the setup is not yet clear to me... so wat do you guys think???
It's still good.
H4 buy zone in the mix bros. And M15 200 held up
4&1 All Time Profit: $37,496
  • #517
  • Aug 28, 2019 10:30am Aug 28, 2019 10:30am
Just found out bro.......that entering at M15 gives me earlier entries than H1..
so my question is how do i/u cope with the false MA cross overs like this??????
tnx brov.
you are the best
Attached Image
  • #518
  • Aug 28, 2019 10:33am Aug 28, 2019 10:33am
Quoting MzansiObi
{quote} Yeah I have. Those posts where the SL gets hit is the trailing stop. Take the previous screen shot. The buy trade was around 1534 if am not mistaken and SL was moved up to 1537.....so you see the SL is moved to BE+... Then I opened sell trades and when they moved into profit I do the same thing. The buy trade gets stopped out in profit and sell trade runs. Before adjusting the SL in most instances I will look to take partial profits...that is.....a position of 0.5 I will close 0.25 and leave 0.25 on the table for example.....
Ok.now i get ...
thanks a million
  • #519
  • Aug 28, 2019 10:35am Aug 28, 2019 10:35am
Quoting MzansiObi
{quote} It's all subjective bro. Think of it this way......on Monday I kept buying 1527/28 and kept taking partial profits before adjusted SL gets hit. Still made profit.....on three occasions. But last week Friday, I'd been adjusting SL after buying and eventually when he market did take off, my stops had been taken out and while I was waiting for the pullback to enter again it rallied without me......so it all depends really... Some guys don't wanna/cant sit infront of PC all day....as such the static stop may work....now if you do what I do,...
and paying a lot of spread right????
  • #520
  • Aug 28, 2019 10:40am Aug 28, 2019 10:40am
Do you consider this as double top????????
im not a pattern trader though......but i do have some knowledge??????
Attached Image (click to enlarge)
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