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4 + 1 (Metals) strategy

  • #581
  • Aug 29, 2019 12:00pm Aug 29, 2019 12:00pm
Marking 1545/5 on my charts for future reference.
Another handle that coincides as a key handle is that 1519/20 area we recall what it did earlier on in he month as both Support and Resistance.....

Trade safely
4&1 All Time Profit: $37,496
  • #582
  • Aug 29, 2019 12:03pm Aug 29, 2019 12:03pm
that level !
manage to entered at 1526 but trailed SL to aggressively I think, got stopped out with tiny profit
What do you look for to re-enter ?
  • #583
  • Aug 29, 2019 12:09pm Aug 29, 2019 12:09pm
Quoting Tragruel
that level ! manage to entered at 1526 but trailed SL to aggressively I think, got stopped out with tiny profit What do you look for to re-enter ?
Waiting for green M15 candle alternatively, if price doesn't close below 1525 again...... Did you take partial profits atleast?
4&1 All Time Profit: $37,496
  • #584
  • Aug 29, 2019 12:12pm Aug 29, 2019 12:12pm
Quoting MzansiObi
{quote} Have just taken some partial profits off the buy trade and move SL to BE. If I get stopped out we renter again
I got in a little higher than you - 1527.3 and 1528 - so I am a little underwater at the moment but watching. You are thinking TP in 1533 range, or are you getting out manually earlier? I noticed you mentioned sell stop at 1533. Did I read that wrong?
If in doubt, paddle out!
  • #585
  • Aug 29, 2019 12:15pm Aug 29, 2019 12:15pm
Quoting MzansiObi
{quote} Waiting for green M15 candle alternatively, if price doesn't close below 1525 again...... Did you take partial profits atleast?
ok got it, no that was a mistake, at least was not a lost... yes, taking partial profit + SL to BE make perfect sense
  • #586
  • Aug 29, 2019 12:17pm Aug 29, 2019 12:17pm
Quoting SurfsUp
{quote} I got in a little higher than you - 1527.3 and 1528 - so I am a little underwater at the moment but watching. You are thinking TP in 1533 range, or are you getting out manually earlier? I noticed you mentioned sell stop at 1533. Did I read that wrong?
Remember I sold 1543 before it broke out. My Stops were at 1555 and it didn't get there so I rode price down and as soon as it got to the lower band of he H4 buy area o closed half the position and then moved the SL to 1533.

I'd like to see H4 buyers get involved and challenge that 1533 area but will keep trailing the buy dips


Also just noticed on the hourly chart, the 200 MA sits around 1522.....so may try and test that so buy dips SLs below 1519 should be okay till we get some calm.....
4&1 All Time Profit: $37,496
  • #587
  • Aug 29, 2019 12:19pm Aug 29, 2019 12:19pm
This is what I'm talking about....
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20190829_191846.png Size: 177 KB
4&1 All Time Profit: $37,496
  • #588
  • Aug 29, 2019 12:23pm Aug 29, 2019 12:23pm
Quoting Tragruel
{quote} ok got it, no that was a mistake, at least was not a lost... yes, taking partial profit + SL to BE make perfect sense
Tag so long as you banked profit on it!!!
That's the bottom line.
4&1 All Time Profit: $37,496
  • #589
  • Aug 29, 2019 12:41pm Aug 29, 2019 12:41pm
Quoting MzansiObi
This is what I'm talking about.... {image}

Hi MzansiObi,

Would you please guide me how to set up those EMA in MT4 mobile ? I tried to google but no avail. They show YouTube but I can’t access to it at work.

Thanks
  • #590
  • Aug 29, 2019 12:47pm Aug 29, 2019 12:47pm
Quoting PositiveTrad
{quote} Hi MzansiObi, Would you please guide me how to set up those EMA in MT4 mobile ? I tried to google but no avail. They show YouTube but I can’t access to it at work. Thanks
When on the actual chart, click on the centre of the chart, a radial pop up menu will appear, click on the f sign, then just click f+ then select the ema's etc that you wanna add bud. Hope that clarifies it
4&1 All Time Profit: $37,496
  • #591
  • Aug 29, 2019 12:48pm Aug 29, 2019 12:48pm
Quoting MzansiObi
{quote} Glad you are banking profits bud!!!!! Keep it up! It all adds up and begins to make sense when one simplifies it
Yea! tnx mahn you are the best
  • #592
  • Aug 29, 2019 12:50pm Aug 29, 2019 12:50pm
Quoting MzansiObi
{quote} When on the actual chart, click on the centre of the chart, a radial pop up menu will appear, click on the f sign, then just click f+ then select the ema's etc that you wanna add bud. Hope that clarifies it
It can only add one EMA. How to add multiple EMAs?
  • #593
  • Aug 29, 2019 12:50pm Aug 29, 2019 12:50pm
Quoting PositiveTrad
{quote} It can only add one EMA. How to add multiple EMAs?
repeat the process, it can add multiple bro.....after adding the first one you follow the exact same process
4&1 All Time Profit: $37,496
  • #594
  • Aug 29, 2019 12:55pm Aug 29, 2019 12:55pm
Quoting MzansiObi
{quote} repeat the process, it can add multiple bro.....after adding the first one you follow the exact same process
Thanks, I manage to do it now.

There are 4 EMAs in your chart if I am not mistaken.May I know the settings for these EMAs please? In your first post, there are only 15 and 30 EMA

thanks again
  • #595
  • Aug 29, 2019 12:55pm Aug 29, 2019 12:55pm
Oil and Natural gas also followed levels nicely today.
bit of DD on XBRUSD though....

The daily levels and setups were posted here incase anyone missed it....

https://www.energyexch.com/showthrea...6#post12471256


About 3 hours till new daily close.....
See you all then, got to change babies diapers.....

Trade safe guys.
4&1 All Time Profit: $37,496
  • #596
  • Aug 29, 2019 12:57pm Aug 29, 2019 12:57pm
Quoting PositiveTrad
{quote} Thanks, I manage to do it now. There are 4 EMAs in your chart if I am not mistaken.May I know the settings for these EMAs please? In your first post, there are only 15 and 30 EMA thanks again
Stick to the ones on the first page, they are the ones in line with this thread, the only exception is the ema200.

The ones on my mobile phone im busy trying something out and will post around it once the quirks and results are as consistent as this current strategy bud....
4&1 All Time Profit: $37,496
  • #597
  • Aug 29, 2019 12:58pm Aug 29, 2019 12:58pm
Quoting Spirit4eva
{quote} Yea! tnx mahn you are the best
Buy two beers have one on my behalf....cheers bud, keep pushing
4&1 All Time Profit: $37,496
  • #598
  • Aug 29, 2019 1:14pm Aug 29, 2019 1:14pm
Quoting MzansiObi
Hi guys. Just thought I'd share a simply yet effective strategy I have been using for some time trading gold and silver now. This system has proven to be effective when looking at trending markets, we should always exercise some risk and money management principles. The idea is not to have the strategy overly complicated. Do with it as you please, modify it or even look at back testing. The idea though is to keep it as simplified. Play with it on the demo for some time and go live when when you are ready and happy with it within the confines and...
Sorry bro I want to find out what is the meaning of the DD? And I love trading mental and oil so is the strategy going to work in oil? To your explanation, we are looking for setups on the h1 and h4 time frame to enter on the m15 time frame when the price is close to the 15ema right?
  • #599
  • Aug 29, 2019 1:24pm Aug 29, 2019 1:24pm
would that make sense to put a Sell Limit below 1525 ?
  • #600
  • Aug 29, 2019 2:44pm Aug 29, 2019 2:44pm
That h1 EMA bounced up nicely for us
...calling it a day guys and gals
4&1 All Time Profit: $37,496
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