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4 + 1 (Metals) strategy

  • #641
  • Aug 30, 2019 10:35am Aug 30, 2019 10:35am
For the now on H1
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  • #642
  • Aug 30, 2019 12:14pm Aug 30, 2019 12:14pm
Quoting Spirit4eva
For the now on H1 {image}
That m15 moving average bud!!!!!
4&1 All Time Profit: $37,496
  • #643
  • Aug 30, 2019 12:15pm Aug 30, 2019 12:15pm
Quoting MzansiObi
{quote} That m15 moving average bud!!!!!
Yeah! mahn
  • #644
  • Aug 30, 2019 1:29pm Aug 30, 2019 1:29pm
Quoting MzansiObi
{quote} That m15 moving average bud!!!!!
Trump shows little sign that he’s going to back down from new tariffs on more than $110 billion in Chinese imports set to take effect Sunday
  • #645
  • Aug 30, 2019 2:58pm Aug 30, 2019 2:58pm
Quoting Unitedgold
{quote} Trump shows little sign that he’s going to back down from new tariffs on more than $110 billion in Chinese imports set to take effect Sunday
Wow! so whats the implication of this??????? does it make the dollar stronger or weaker??????
thanks for the timely information Mahn!!!!
  • #646
  • Aug 30, 2019 3:14pm Aug 30, 2019 3:14pm
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  • #647
  • Aug 30, 2019 3:20pm Aug 30, 2019 3:20pm
I guess this is how i would have to wrap up d weekend.
did a short sell after the bearish cross below resistance on M15 and bagged 22 pips.......
Have a happy weekend y'all.....
  • #648
  • Aug 30, 2019 3:32pm Aug 30, 2019 3:32pm
Quoting Spirit4eva
I guess this is how i would have to wrap up d weekend. did a short sell after the bearish cross below resistance on M15 and bagged 22 pips....... Have a happy weekend y'all.....
great Job, have a nice one !
  • #649
  • Aug 30, 2019 3:41pm Aug 30, 2019 3:41pm
Quoting Spirit4eva
{quote} Wow! so whats the implication of this??????? does it make the dollar stronger or weaker?????? thanks for the timely information Mahn!!!!
Dollar up
  • #650
  • Aug 30, 2019 10:12pm Aug 30, 2019 10:12pm
Heres what im thinking....

H1 sellers are close to daily buy zone.......again, as such price may begin to consolidate again before choosing a path.

If we have a top down approach, we can see that in the past, whenever price has consolidated around the D1 buy area, with h1 sellers hovering around the handle trying to push price lower, this move has been followed up by strong bullish move from d1 buy zone.......Sooooooo

Bears will need to breach the 3rd consolidation phase as depicted by the green arrow, failing which, daily bulls will look to tick higher, a breach of that 3rd consolidation area isnt the only obstacle for bears as we approach key support, they will also contend with that 200 ma......

Mentioned the D1 area thats crept up and the need to manage positions accordingly as we get close to it.
All in all we wait for Market to open and see how it all plays out....
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4&1 All Time Profit: $37,496
  • #651
  • Sep 1, 2019 11:07am Sep 1, 2019 11:07am
Hey Traders.

Hope the weekend has been good to us all.
Spring is finally here( Well in South Africa).....time to enjoy the sunny beaches and warmer weather.....
Back to XAUUSD.

As things stand,
H1 has flipped bearish....Zone: 1525.83 - 1527.91
H4 Bullish to Neutral.....Zone: 1528.91 - 1529.84
D1 Bullish....................Zone:1494.91 - 1517.12


H1 sellers are trying to sell into the D1 buy zone, Clear break and close below D1 buy zone will be good for bearish continuation, failing which, D1 buy orders seem valid more so looking at what price did on Friday when Price got into the D1 upper band zone..... Interim Support at 1522/23 while resistance is it 1530.87, these levels coincides with some key intra day levels identified last week.

Levels of interest this week.


Upside
1530.6
1534.93
1539.98
1546.1

Downside
1518.52
1514.8
1507.57
1498.06


That said, new week, new month, new possibilities.....

Waiting for weekly open to see where price opens, all im all we remain patient and wait for our levels etc.
Trade safe and green pips to everyone..


Regards
4&1 All Time Profit: $37,496
  • #652
  • Sep 1, 2019 3:52pm Sep 1, 2019 3:52pm
Quoting MzansiObi
Hey Traders. Hope the weekend has been good to us all. Spring is finally here( Well in South Africa).....time to enjoy the sunny beaches and warmer weather..... Back to XAUUSD. As things stand, H1 has flipped bearish....Zone: 1525.83 - 1527.91 H4 Bullish to Neutral.....Zone: 1528.91 - 1529.84 D1 Bullish....................Zone:1494.91 - 1517.12 H1 sellers are trying to sell into the D1 buy zone, Clear break and close below D1 buy zone will be good for bearish continuation, failing which, D1 buy orders seem valid more so looking at what price did...
Thanks Mahn!!!!!!! fingers crossed as Asian session begin in few minutes....hoping to catch alot of blue pips this week as well as this month
  • #653
  • Sep 1, 2019 5:01pm Sep 1, 2019 5:01pm
Quoting MzansiObi
Hey Traders. Hope the weekend has been good to us all. Spring is finally here( Well in South Africa).....time to enjoy the sunny beaches and warmer weather..... Back to XAUUSD. As things stand, H1 has flipped bearish....Zone: 1525.83 - 1527.91 H4 Bullish to Neutral.....Zone: 1528.91 - 1529.84 D1 Bullish....................Zone:1494.91 - 1517.12 H1 sellers are trying to sell into the D1 buy zone, Clear break and close below D1 buy zone will be good for bearish continuation, failing which, D1 buy orders seem valid more so looking at what price did...
Spring time here in New Zealand too.

Looks like another gap up to start the week.
  • #654
  • Sep 1, 2019 5:05pm Sep 1, 2019 5:05pm
Quoting 00PIP
{quote} Spring time here in New Zealand too. Looks like another gap up to start the week.
Yeah Bud.....Great country that!!!
Spent some time in Tauranga there around the BOP.
Very lush and some similarities to SA climatewise......
UJ gapped down, so the XAUUSD gap lower was abit expected...
Look at where its turned lower?

That first upside level, lets wait and see how it settles down.
We Keep monitoring...
4&1 All Time Profit: $37,496
  • #655
  • Sep 1, 2019 5:21pm Sep 1, 2019 5:21pm
Quoting Spirit4eva
{quote} Thanks Mahn!!!!!!! fingers crossed as Asian session begin in few minutes....hoping to catch alot of blue pips this week as well as this month
If we stay Above the M15 chart 200 MA we will revisit last week high levels, but we wait on the H1 to clearly outline the buy areas, 1525/26 becomes key area again. Will add that onto the charts too now.....
4&1 All Time Profit: $37,496
  • #656
  • Sep 1, 2019 11:26pm Sep 1, 2019 11:26pm
Quoting MzansiObi
{quote} If we stay Above the M15 chart 200 MA we will revisit last week high levels, but we wait on the H1 to clearly outline the buy areas, 1525/26 becomes key area again. Will add that onto the charts too now.....
Morning everyone.....

So we couldn't stay above it and the drop below retested that l vel as resistance, what did it do? Rejected it....so we look at what? Next level on our daily levels....1525 wasn't initially on the list but was added shortly after market open.....so we look to see how Price behaves there now....
One step at a time.......we not in a rush!!!!!
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4&1 All Time Profit: $37,496
  • #657
  • Sep 1, 2019 11:38pm Sep 1, 2019 11:38pm
Thx Obi for the updates,
that level is also Fib 0.5 from last move up I think.
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  • #658
  • Sep 1, 2019 11:46pm Sep 1, 2019 11:46pm
Quoting 00PIP
{quote} Spring time here in New Zealand too. Looks like another gap up to start the week.
Had to sleep up mahn!!!! mistook 10pm GMT for 10 GMT (+1)........
  • #659
  • Sep 1, 2019 11:52pm Sep 1, 2019 11:52pm
Quoting MzansiObi
{quote} Morning everyone..... So we couldn't stay above it and the drop below retested that l vel as resistance, what did it do? Rejected it....so we look at what? Next level on our daily levels....1525 wasn't initially on the list but was added shortly after market open.....so we look to see how Price behaves there now.... One step at a time.......we not in a rush!!!!! {image}
Morning mahn!
Just thinking that since price has found support at the 1525 level....maybe still on the M15 chart it might still wanna test around the 1531/1532 area,, since this is still a resistance level....what you think???
  • #660
  • Sep 2, 2019 12:16am Sep 2, 2019 12:16am
Quoting Tragruel
Thx Obi for the updates, that level is also Fib 0.5 from last move up I think. {image}
Yeah its a key inflection point....where does your 61% fib sit at the moment?

Dip towards the first downside level, will have me buying again.....more so if London buys during their first hour of trade....
4&1 All Time Profit: $37,496
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