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4 + 1 (Metals) strategy

  • #561
  • Aug 29, 2019 1:56am Aug 29, 2019 1:56am
Quoting Boo15
{quote} TP nailed, will wait for LO now, see if we close above 1549
It's always lekker going into trading day having bagged some ain't it.....
4&1 All Time Profit: $37,496
  • #562
  • Aug 29, 2019 1:59am Aug 29, 2019 1:59am
Quoting goldieboy
{quote} Break...reaching 1549 atm
And it seems we will close above it....so buy dips on h1 and target the upside levels will become the plan.
I still holding some shorts taken yesterday so I'm in some Drawdown. Didn't trail. So initial SL around 1555 handles are still intact. Let's see
...
4&1 All Time Profit: $37,496
  • #563
  • Aug 29, 2019 3:07am Aug 29, 2019 3:07am
Quoting MzansiObi
Morning Traders H1...gone from neutral with bearish bias back to Bullish. H4 buyers seem to have flipped it over bullish again. H4 bullish remain bullish and so does H1. H1 zone:1540.54 - 1539.32 H4 zone: 1536.88 - 1529.1 D1 zone: 1519.18 - 1490.73 Levels of interest Upside 1562.97 1555.6 1549.04 1545.8 Downside 1539.3 1533.6 1529.8 1525.05 1519.18 For me to continue buying H1 buy dips, i will wait for first hourly candle to manage to close above 1545.8 Till then i wait for h4 buy dip setups Trade safe and trade green
Levels don't lie!!!!

Some serious rejection from yet again our second upside level......lol and please am in no way suggesting selling the second levels will always play out......London sold.....45/5 breached and while we did have hourly close above it 49 rejected and London sold.....

As such buy dips yes but cautiously. Still advocating for buying deeper pullback a cause lots of bearish interest still exists. Still holding onto those shorts.....


BOO15 may just pump it up again.
4&1 All Time Profit: $37,496
  • #564
  • Aug 29, 2019 3:44am Aug 29, 2019 3:44am
Quoting MzansiObi
{quote} Levels don't lie!!!! Some serious rejection from yet again our second upside level......lol and please am in no way suggesting selling the second levels will always play out......London sold.....45/5 breached and while we did have hourly close above it 49 rejected and London sold..... As such buy dips yes but cautiously. Still advocating for buying deeper pullback a cause lots of bearish interest still exists. Still holding onto those shorts..... BOO15 may just pump it up again.
LOL, will do me best buddy, needs to drop a bit more yet, buy limit in place, 1537.5ish, will see.
From tiny pips mighty oaks grow
  • #565
  • Aug 29, 2019 4:22am Aug 29, 2019 4:22am
Quoting Boo15
{quote} LOL, will do me best buddy, needs to drop a bit more yet, buy limit in place, 1537.5ish, will see.
I'm looking for deeper pullback a to buy mate.
Will maybe just take partial profits and trail my shorts this time around.

I'm long BTC and it just dropped so some DD on my trades at the moment ....
4&1 All Time Profit: $37,496
  • #566
  • Aug 29, 2019 6:06am Aug 29, 2019 6:06am
Price testing upper band of h4 buy area, as mentioned, looking for lower band which sits at 1530 to look long.....1533 will be first obstacle......remain patient.....
4&1 All Time Profit: $37,496
  • #567
  • Aug 29, 2019 6:17am Aug 29, 2019 6:17am
Look at D candle and look left at candle 3 days ago. Tell you anything?
  • #568
  • Aug 29, 2019 6:24am Aug 29, 2019 6:24am
Quoting LouiseZA
Look at D candle and look left at candle 3 days ago. Tell you anything?
Jip, mentioned it a couple of days ago.
That coupled with bearish divergence and momentum off higher TFs is the reason I don't want to buy h1 setups. H4 intra day to produce better bounces......

Do you agree?
4&1 All Time Profit: $37,496
  • #569
  • Aug 29, 2019 6:28am Aug 29, 2019 6:28am
Agree!
  • #570
  • Aug 29, 2019 6:59am Aug 29, 2019 6:59am
Quoting LouiseZA
Agree!
Need some fuel to break 1533.....it was key resistance capping upside move earlier this week. It also won't give way to bears easily......

Let's see in about 30 minutes where it ends up
4&1 All Time Profit: $37,496
  • #571
  • Aug 29, 2019 8:02am Aug 29, 2019 8:02am
H4 bulls not giving up without a fight!
Second downside level held up as support....
What id like to see is 1544/5 hold now and see if we can't break lower.

Short 1543
SL 1555
TP Open


Let's see...
4&1 All Time Profit: $37,496
  • #572
  • Aug 29, 2019 8:03am Aug 29, 2019 8:03am
Quoting LouiseZA
Agree!
H4 zone produced bounce higher bud....let's see if it's capped by previous res now
4&1 All Time Profit: $37,496
  • #573
  • Aug 29, 2019 8:22am Aug 29, 2019 8:22am
Quoting MzansiObi
{quote} H4 zone produced bounce higher bud....let's see if it's capped by previous res now
For now it's stuck in range. As you said...patience !
  • #574
  • Aug 29, 2019 8:42am Aug 29, 2019 8:42am
Quoting LouiseZA
{quote} For now it's stuck in range. As you said...patience !
Take advantage of it....... cautiously.
4&1 All Time Profit: $37,496
  • #575
  • Aug 29, 2019 8:50am Aug 29, 2019 8:50am
Quoting MzansiObi
H4 bulls not giving up without a fight! Second downside level held up as support.... What id like to see is 1544/5 hold now and see if we can't break lower. Short 1543 SL 1555 TP Open Let's see...
50% closed. Stops trailing
4&1 All Time Profit: $37,496
  • #576
  • Aug 29, 2019 11:05am Aug 29, 2019 11:05am
Gooday fam.happy to see that many of y'all are seeing the blue pips........
since gold has been ranging for a while now on H1, H4...
i resulted to M15 to be able to pick tops and bottoms......though our MA cross is a bit slower when telling direction especially in a ranging market.....im basically using my price action knowledge to basicaly pick tops and bottoms.....
Still gat to thank @MzansiObi..for kinda putting me through the use of M15 to some extent cos b4 now i personally never wanted to trade lower time frames....
......my point is ive almost doubled my account in 2 days.....
from $2960 to $5400......
(and im still on anoda trade)
thanks fam..........
glad God made me come across this thread.....
happy pippin y'all
  • #577
  • Aug 29, 2019 11:48am Aug 29, 2019 11:48am
And we have that drop we have been waiting for .15 Min to do before hourly close.
Just bought 1526. Sell stops at 1533 now!
Let's see what it does....patience and levels will yield....time and time and again
4&1 All Time Profit: $37,496
  • #578
  • Aug 29, 2019 11:53am Aug 29, 2019 11:53am
Quoting Spirit4eva
Gooday fam.happy to see that many of y'all are seeing the blue pips........ since gold has been ranging for a while now on H1, H4... i resulted to M15 to be able to pick tops and bottoms......though our MA cross is a bit slower when telling direction especially in a ranging market.....im basically using my price action knowledge to basicaly pick tops and bottoms..... Still gat to thank @MzansiObi..for kinda putting me through the use of M15 to some extent cos b4 now i personally never wanted to trade lower time frames.... ......my point is ive almost...
Glad you are banking profits bud!!!!! Keep it up!
It all adds up and begins to make sense when one simplifies it
4&1 All Time Profit: $37,496
  • #579
  • Aug 29, 2019 11:55am Aug 29, 2019 11:55am
Quoting MzansiObi
And we have that drop we have been waiting for .15 Min to do before hourly close. Just bought 1526. Sell stops at 1533 now! Let's see what it does....patience and levels will yield....time and time and again
Let's see. In there with you my man!!!
If in doubt, paddle out!
  • #580
  • Aug 29, 2019 11:57am Aug 29, 2019 11:57am
Quoting SurfsUp
{quote} Let's see. In there with you my man!!!
Have just taken some partial profits off the buy trade and move SL to BE.
If I get stopped out we renter again
4&1 All Time Profit: $37,496
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