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Attachments: 4 + 1 (Metals) strategy
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4 + 1 (Metals) strategy

  • #621
  • Aug 30, 2019 1:41am Aug 30, 2019 1:41am
Based on H1. Sell at 1531. This is my first position using this strategy...
  • #622
  • Aug 30, 2019 1:47am Aug 30, 2019 1:47am
Quoting MzansiObi
{quote} Really it depends on what you doing with it. I mean, the levels are as is . Longer time frame levels are good for longer term setups....buy look at what price did in the past two weeks...in terms of levels it's all about whether you wanna sit and trail the bigger move or get your money as we move along bud
I was looking for a short near h1 area yes,
But that m15 200 was near our first upside level to and so was the upper band of the H1.....
Have closed half already and will trail before hour closes
Other trades are already trailing
Attached Image (click to enlarge)
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4&1 All Time Profit: $37,496
  • #623
  • Aug 30, 2019 1:48am Aug 30, 2019 1:48am
Quoting MzansiObi
{quote} Really it depends on what you doing with it. I mean, the levels are as is . Longer time frame levels are good for longer term setups....buy look at what price did in the past two weeks...in terms of levels it's all about whether you wanna sit and trail the bigger move or get your money as we move along bud
Thanks for your explanation, MzansiObi.

I followed you to sell now. May i know what is your TP?

Edit: I have trailing point set up and it is now at BE.
  • #624
  • Edited 2:08am Aug 30, 2019 1:53am | Edited 2:08am
Risk free now, stop Loss set to breakeven.
Update. Trade has stop out with green pips, closed at 1528. Nice trade.. thanks
  • #625
  • Aug 30, 2019 1:54am Aug 30, 2019 1:54am
Quoting PositiveTrad
{quote} Thanks for your explanation, MzansiObi. I followed you to sell now. May i know what is your TP? Edit: I have trailing point set up and it is now at BE.
Wherever it goes bud.....but normally use those daily levels I post as possible levels for targets, be it a TP or SL....but the moment I trailing get over that trade and look for the next setup.....
4&1 All Time Profit: $37,496
  • #626
  • Aug 30, 2019 2:35am Aug 30, 2019 2:35am
Quoting MzansiObi
First rejection at upper band of h1 sell zone....coincides with m15 200. Pleasant sell scalp.....
Nice one, I missed that as work keeps getting in the way of my trading!!! that can't be right surely?? LOL
From tiny pips mighty oaks grow
  • #627
  • Aug 30, 2019 2:40am Aug 30, 2019 2:40am
Quoting Boo15
{quote} Nice one, I missed that as work keeps getting in the way of my trading!!! that can't be right surely?? LOL
LMFAO
Something is amiss.....surely this can't keep going on! Can't accept this
4&1 All Time Profit: $37,496
  • #628
  • Aug 30, 2019 3:08am Aug 30, 2019 3:08am
Update.....
H1 sell orders are actively running and doing well.
M15 rejection from first upside level held as resistance.
London sold so will look to sell rallies till current support structure at h1 EMA is taken out.
H4 turning neutral but not confirmed so trade safe.
If an upside target holds we look for next downside target to break.....@ LousieZA this is similar scenario as per the range yesterday that you pointed out, it just happened at higher level.....so in essence, same old story just at different handle....let's keep it simple....eventually one will break.....trade safe
4&1 All Time Profit: $37,496
  • #629
  • Aug 30, 2019 3:10am Aug 30, 2019 3:10am
Ping pong continues
Attached Image (click to enlarge)
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4&1 All Time Profit: $37,496
  • #630
  • Aug 30, 2019 3:45am Aug 30, 2019 3:45am
Just put the BTCUSD pair onto the chart....interestingly price always seems to retest h1 200ema.

Been holding onto a short and looking as to wether I should close. Upside and downside levels showing some probability of retest of 10k mark.....but will remain patient....

https://www.cryptocraft.com/showthre...4#post12473474
4&1 All Time Profit: $37,496
  • #631
  • Aug 30, 2019 3:48am Aug 30, 2019 3:48am
Quoting Boo15
{quote} Nice one, I missed that as work keeps getting in the way of my trading!!! that can't be right surely?? LOL

Tentative right shoulder formation around 1528 on the cards, we wait for confirmation on M15
4&1 All Time Profit: $37,496
  • #632
  • Aug 30, 2019 4:32am Aug 30, 2019 4:32am
Hi MzansiObi,

Today is the last trading of the month, I always been told that US dollar will be high as demand is high at the end of the month. Do you take this factor into your gold trading today?
  • #633
  • Aug 30, 2019 4:36am Aug 30, 2019 4:36am
Quoting PositiveTrad
Hi MzansiObi, Today is the last trading of the month, I always been told that US dollar will be high as demand is high at the end of the month. Do you take this factor into your gold trading today?
Lol I didn't and don't bro.
To be honest regarding news etc I wanna know the "high impact stuff, that is, when they being announcements just so that I can be ready for increased volatility, buy o don't trade the outcomes etc....do I find the context of the news interesting? yes. Buy I Soley rely on what charts are printing at that given time....it goes back to the major debate, fundies over techs....I believe we all fit into the market structure or scheme of things but I choose to make my money solely on chart prints.


Regarding days etc ....i try wind down positions towards half way into NY session so as to try avoid holding over the weekend.
4&1 All Time Profit: $37,496
  • #634
  • Aug 30, 2019 8:55am Aug 30, 2019 8:55am
Update: H1 sell zone still valid so long as first upside level holds up.....

But it's Friday so position size and trade management becomes key.
On the road for the weekend today so minimised screen time my end.....

Trade smart
4&1 All Time Profit: $37,496
  • #635
  • Aug 30, 2019 9:16am Aug 30, 2019 9:16am
Some perspective.....
M15 200 been capping further bull action....
Eventually something will give......

We remain patient......
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4&1 All Time Profit: $37,496
  • #636
  • Aug 30, 2019 9:33am Aug 30, 2019 9:33am
Quoting MzansiObi
Some perspective..... M15 200 been capping further bull action.... Eventually something will give...... We remain patient...... {image} {image}
Mehn1 did you sell fall on gold yesterday.it was massive..
wasnt there cos i wanted 2 protect the profits ive had so far......
+200 pips in less than 4 hrs.
ive read about the bearish outside day candle stick that formed yesterday on D1.....
though it might some how mean two things...but it favours a further sell though
  • #637
  • Aug 30, 2019 9:45am Aug 30, 2019 9:45am
Quoting Spirit4eva
{quote} Mehn1 did you sell fall on gold yesterday.it was massive.. wasnt there cos i wanted 2 protect the profits ive had so far...... +200 pips in less than 4 hrs. ive read about the bearish outside day candle stick that formed yesterday on D1..... though it might some how mean two things...but it favours a further sell though
Yeah bud I was in on that. Had been holding some shorts when it dropped.....patience bro.
Even this nothing range seems to require that.....
4&1 All Time Profit: $37,496
  • #638
  • Aug 30, 2019 10:05am Aug 30, 2019 10:05am
Quoting MzansiObi
{quote} Yeah bud I was in on that. Had been holding some shorts when it dropped.....patience bro. Even this nothing range seems to require that.....
Wow! congrats mehn......
so are you watching this consolidation with me?????/
  • #639
  • Aug 30, 2019 10:19am Aug 30, 2019 10:19am
Quoting Spirit4eva
{quote} Wow! congrats mehn...... so are you watching this consolidation with me?????/
Yeah bud.....
EU just hit my behind.
Lol. But it's fine. Had started accumulating positions from lower.....this current drop smacked me .
4&1 All Time Profit: $37,496
  • #640
  • Aug 30, 2019 10:23am Aug 30, 2019 10:23am
Quoting MzansiObi
{quote} Yeah bud..... EU just hit my behind. Lol. But it's fine. Had started accumulating positions from lower.....this current drop smacked me .
so what you doing next??????
kinda seeing an almost cross on H1
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