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4 + 1 (Metals) strategy

  • #521
  • Aug 28, 2019 10:43am Aug 28, 2019 10:43am
THIS is H4 bro!!!!!!
wat you think????????
Attached Image (click to enlarge)
Click to Enlarge Name: h4.PNG Size: 26 KB
  • #522
  • Edited 10:56am Aug 28, 2019 10:45am | Edited 10:56am
Quoting Spirit4eva
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 {image}
Main cross that we look for is on h1,H4 and D1 charts they will give a little more clarity....the M15 is just a guideline to be honest bud.


Work your way down in your analysis and approach
From higher chart down to your lower chart....I'm almost tempted to say you need not wait for he cross on M15.....
Eventually you keep watching the setups long enough they will become easier to spot.


Is H4 in a buy zone? M15 making HH and HL? Yes, are we at or close to a level that was posted before London open? When all these this things line up or the majority of them are lining up, then you can be better assured to pull the trigger.
4&1 All Time Profit: $37,496
  • #523
  • Aug 28, 2019 10:47am Aug 28, 2019 10:47am
Recall earlier on.....I posed he chart.
H1 was in a buy zone and there was the inverse head and shoulders pattern.....when price got to the right shoulder it shot up briefly and very rapidly....but the neckline failed to break....I noted I wouldn't be buying that setup as I wasn't comfortable with all the boxes that I wanted to check to enter a setup.....
4&1 All Time Profit: $37,496
  • #524
  • Aug 28, 2019 10:47am Aug 28, 2019 10:47am
Common fibonacci 32.8% retracement......
Please and please dont mind my very poor analysis...just trying to put my mind to work and also learn.
thanks a million for all the love!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: m15.PNG Size: 30 KB
  • #525
  • Aug 28, 2019 10:54am Aug 28, 2019 10:54am
Quoting MzansiObi
Recall earlier on.....I posed he chart. H1 was in a buy zone and there was the inverse head and shoulders pattern.....when price got to the right shoulder it shot up briefly and very rapidly....but the neckline failed to break....I noted I wouldn't be buying that setup as I wasn't comfortable with all the boxes that I wanted to check to enter a setup.....
Yeah! gave it closer look.....i now see it very clearly
  • #526
  • Aug 28, 2019 10:54am Aug 28, 2019 10:54am
Quoting MzansiObi
{quote} Main cross that we look for is on h1,H4 and D1 charts they will give a little more clarity....the M15 is just a guideline to be honest bud. Work your way down in your analysis and approach From higher chart down to your lower chart....I'm almost tempted to say you need not wait for he cross on M15..... Eventually you keep watching the setups long enough they will become easier to spot. Is H4 in a buy zone? M15 making HH and HL? Yes, are we at or close to a level that was posted before London open? When all these this NGS line up or the majority...
Ok! tnx 4 d clarification
  • #527
  • Aug 28, 2019 11:03am Aug 28, 2019 11:03am
Quoting MzansiObi
As things stand, H1 buy zone has pushed even higher and h4 buy zone is pacing along too, all our time frames of interest are bullish..... We continue buying dips. Keeps on laddering up one level at a time, that is, a level holds as resistance while the other as support. All of this until resistance breaks and flips into support. Yesterday we pushed up towards our second upside level and price has been capped there for now. H1 bullish...Buy Zone:1539.51- 1535.29 h4 bullish...Buy Zone:1530.48 - 1521.19 D1 bullish...Buy Zone:1508.53 - 1478.52 Upside...

Levels wise recap of what's transpired shows upside continuation was capped.....
But the 1545 handle mentioned aswell kept us bearish as there was no hourly close above it.... Downside levels also supported.....I'm in favour of a break lower or atleast a retest of our lower levels....we remain patient though....
4&1 All Time Profit: $37,496
  • #528
  • Aug 28, 2019 11:07am Aug 28, 2019 11:07am
it seems to me that gold is consolidating on M15.....at former resistance....
please do pardon me for my very poor analysis.
your correction is accepted.
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: consolidate.PNG Size: 23 KB
  • #529
  • Edited 12:02pm Aug 28, 2019 11:32am | Edited 12:02pm
Quoting Spirit4eva
it seems to me that gold is consolidating on M15.....at former resistance.... please do pardon me for my very poor analysis. your correction is accepted. thanks {image}
H4 buyers are gonna start trying to push it higher....the previous candle was a bearish engulfing candle hence why I favour further weakness. I'm thinking price will push towards the lower band of our H4 buy zone Wich currently lies at 1525/6 before they kick in properly....we first need to see a close below the M15 200.....
4&1 All Time Profit: $37,496
  • #530
  • Aug 28, 2019 11:48am Aug 28, 2019 11:48am
Quoting MzansiObi
{quote} H4 buyers are gonna start trying to push it lower....the previous candle was a bearish engulfing candle hence why I favour further weakness. I'm thinking price will push towards the lower band of our H4 buy zone Wich currently lies at 1525/6 before they kick in properly....we first need to see a close below the M15 200.....
Yea! just checked it myself.very true
  • #531
  • Aug 28, 2019 11:49am Aug 28, 2019 11:49am
Quoting MzansiObi
{quote} H4 buyers are gonna start trying to push it lower....the previous candle was a bearish engulfing candle hence why I favour further weakness. I'm thinking price will push towards the lower band of our H4 buy zone Wich currently lies at 1525/6 before they kick in properly....we first need to see a close below the M15 200.....
Thanks again bro....todays trade have been worthwhile with you in the picture
  • #532
  • Aug 28, 2019 11:51am Aug 28, 2019 11:51am
Quoting MzansiObi
H4 buyers are gonna start trying to push it lower...
What makes you say that they are going to push lower? So, I assume you have no buy limit orders pending in the 1535 range at this point?
If in doubt, paddle out!
  • #533
  • Aug 28, 2019 12:00pm Aug 28, 2019 12:00pm
Quoting SurfsUp
{quote} What makes you say that they are going to push lower? So, I assume you have no buy limit orders pending in the 1535 range at this point?
Just looking at bear momentum bro. Coupled with that bearish engulfing 4 hour candle I'm thinking we may get a little lower and retest those lows....
4&1 All Time Profit: $37,496
  • #534
  • Aug 28, 2019 12:08pm Aug 28, 2019 12:08pm
Quoting MzansiObi
{quote} Just looking at bear momentum bro. Coupled with that bearish engulfing 4 hour candle I'm thinking we may get a little lower and retest those lows....
Thanks for clarifying. So, looking at 1 hour chart, it looks like we are moving towards a MA cross to sell soon. Plus, momentum trending south as well. So where do you expect is an ideal target to short? Once it is clearly heading south of 1,534/5?
If in doubt, paddle out!
  • #535
  • Aug 28, 2019 12:12pm Aug 28, 2019 12:12pm
Quoting SurfsUp
{quote} Thanks for clarifying. So, looking at 1 hour chart, it looks like we are moving towards a MA cross to sell soon. Plus, momentum trending south as well. So where do you expect is an ideal target to short? Once it is clearly heading south of 1,534/5?
You get it!!! I'm thinking h1 sellers will try push lower, and will use the momentum that's built up with the bears....this tussle continues till H4 bulls kick on....
In terms of the level, let the cross happen first and then the chart will show us but an earlier entry can be once price stops using M15 200 ma as support and flips it into resistance....so then selling retests of that m15 200 as resistance wherever it lies can be profitable.....
4&1 All Time Profit: $37,496
  • #536
  • Aug 28, 2019 12:16pm Aug 28, 2019 12:16pm
Those oil and natural gas trades have been filled....
Just an update....
Outlook etc
https://www.energyexch.com/showthrea...=943541&page=2
4&1 All Time Profit: $37,496
  • #537
  • Aug 28, 2019 12:21pm Aug 28, 2019 12:21pm
Quoting MzansiObi
{quote} Just looking at bear momentum bro. Coupled with that bearish engulfing 4 hour candle I'm thinking we may get a little lower and retest those lows....
but, going the other way.............isn't that nice......hitting 1540.
If in doubt, paddle out!
  • #538
  • Aug 28, 2019 12:34pm Aug 28, 2019 12:34pm
Quoting SurfsUp
{quote} but, going the other way.............isn't that nice......hitting 1540.
That's fine and expected to a degree. Remember H4 buyers zone/range has been identified. But I have been explaining what I'm looking at/looking for.....to sum it up....I don't wanna buy here.....
4&1 All Time Profit: $37,496
  • #539
  • Aug 28, 2019 12:36pm Aug 28, 2019 12:36pm
Quoting MzansiObi
{quote} That's fine and expected to a degree. Remember H4 buyers zone/range has been identified. But I have been explaining what I'm looking at/looking for.....to sum it up....I don't wanna buy here.....
Agreed. Feels like a dip is in the cards.
If in doubt, paddle out!
  • #540
  • Aug 28, 2019 12:47pm Aug 28, 2019 12:47pm
Hello All,
thank you very much for sharing this strategy MzansiObi.
I reviewed my past trades on Gold and some horrible mistake would have been avoided with those MA crossover.
I tend to complicate things too much... Its great that its a mix of clearly defined rules with an obvious sense of how market moves.

Looking to learn a lot from here.
thank you again
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