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4 + 1 (Metals) strategy

  • #701
  • Edited 1:44am Sep 4, 2019 12:54am | Edited 1:44am
Morning Traders


So Yesterday had a couple of positions getting stopped out.
The shorts to be specific. As always, we dont just analyse for a winning trade, we also analyse the looser too to see where and why it went agaisnt us.

Couple of basic things stand out.
H1 was flat. H4 was flat and the only chart with a clear signal was the Daily. And it said buy,this we had already identified over the weekend and on Monday.
Why were we shorting? We were shorting the Range. and it worked well up until it broke....I got stopped out for a loss mainly due to the fact that when presented with the opportunity to trail the shorts, i didnt. Had i taken partial profits and trailed trades would have been stopped out at break even. price kept getting rejected soo much, at he range ceiling, i relaxed....other than that, the guys that held onto the buys from or near the D1 area that we mentioned enjoyed the rally up, i know Boo15 did...welldone mate.


Back to Levels
H1 is in Buy Mode again: Zone: 1538.2 - 1542.71
H4 Buy Mode again: Zone: 1531.6 - 1535.64
D1 Remains in Buy Zone: 1502.9 - 1524.9



Intra Day Levels

Upside
1564.5
1559.8
1555.7
1545


Downside
1538.78
1534.09
1529.43
1525.8



Trade Safe and stay profitable...
4&1 All Time Profit: $37,496
  • #702
  • Sep 4, 2019 12:56am Sep 4, 2019 12:56am
Associated charts showing the current situation and also highlighting the flattened zones.....
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: XAUUSD.D.4.9.19.png Size: 82 KB
Click to Enlarge Name: XAUUSD.rH4.9.4.19 (2).png Size: 61 KB
4&1 All Time Profit: $37,496
  • #703
  • Sep 4, 2019 1:40am Sep 4, 2019 1:40am
Price stalling around M15 200 MA yet again......
Waiting on said levels.....
4&1 All Time Profit: $37,496
  • #704
  • Sep 4, 2019 1:45am Sep 4, 2019 1:45am
Quoting MzansiObi
Morning Traders So Yesterday had a couple of positions getting stopped out. The shorts to be specific. As always, we dont just analyse for a winning trade, we also analyse the looser too to see where and why it went agaisnt us. Couple of basic things stand out. H1 was flat. H4 was flat and the only chart with a clear signal was the Daily. And it said buy,this we had already identified over the weekend and on Monday. Why were we shorting? We were shorting the Range. and it worked well up until it broke....I got stopped out for a loss mainly due to...
Hi MzansiObi,

How to get the Intraday Level? and how it works?

Thanks
  • #705
  • Sep 4, 2019 1:52am Sep 4, 2019 1:52am
Hi MzansiObi,

May i know when do you start to set up trailing? I normally set up mine when i enter the trade. However, sometimes the trade is being taken out far too early due to trailing. Any advice on how to set up the trailing effectively with maximization of profit?

Thanks
  • #706
  • Sep 4, 2019 1:55am Sep 4, 2019 1:55am
Quoting PositiveTrad
{quote} Hi MzansiObi, How to get the Intraday Level? and how it works? Thanks
Hey PT.

It's a combination of horizontal support and resistance levels and some pivot levels bud.
Use the previous day's PA to calculate them.

I look at h1, H4 and D1 zones for the bias.....so if Price gets there we look to buy or sell depending on if they are in buy or sell zone.
The intra day levels are used as possible turning points or take profits points.....
Right now the second downside level 1534.09 lies in/bear H4 buy zone....so that would be a good area to go long as he H4 has bullish bias.

These are mere guidelines to assist in our entry and exits
4&1 All Time Profit: $37,496
  • #707
  • Sep 4, 2019 1:59am Sep 4, 2019 1:59am
Quoting PositiveTrad
Hi MzansiObi, May i know when do you start to set up trailing? I normally set up mine when i enter the trade. However, sometimes the trade is being taken out far too early due to trailing. Any advice on how to set up the trailing effectively with maximization of profit? Thanks
I don't have a rule of thumb on that bud......it all depends on the volatility.....the issue relating to traling stop being taken out is why I will take partial profits by closing some of the position and then trailing.....think of it this way, if the stop is taken out at BE, you have another chance to reenter
4&1 All Time Profit: $37,496
  • #708
  • Sep 4, 2019 4:11am Sep 4, 2019 4:11am
Quoting PositiveTrad
Hi MzansiObi, May i know when do you start to set up trailing? I normally set up mine when i enter the trade. However, sometimes the trade is being taken out far too early due to trailing. Any advice on how to set up the trailing effectively with maximization of profit? Thanks
Yea! thats one of the short comings of trailing your stop......
im trying out a strategy i think its popularly known as "scaling in" or "pyramiding" to be able to keep following the trend till when it haults
  • #709
  • Sep 4, 2019 4:13am Sep 4, 2019 4:13am
Quoting MzansiObi
Morning Traders So Yesterday had a couple of positions getting stopped out. The shorts to be specific. As always, we dont just analyse for a winning trade, we also analyse the looser too to see where and why it went agaisnt us. Couple of basic things stand out. H1 was flat. H4 was flat and the only chart with a clear signal was the Daily. And it said buy,this we had already identified over the weekend and on Monday. Why were we shorting? We were shorting the Range. and it worked well up until it broke....I got stopped out for a loss mainly due to...
Inspired by your honesty..i was stopped out thrice yesterday too
  • #710
  • Sep 4, 2019 4:42am Sep 4, 2019 4:42am
Currently, gold is still consolidating...patiently waiting for a cross on M15 to follow suit.
  • #711
  • Sep 4, 2019 4:50am Sep 4, 2019 4:50am
Quoting Spirit4eva
{quote} Yea! thats one of the short comings of trailing your stop...... im trying out a strategy i think its popularly known as "scaling in" or "pyramiding" to be able to keep following the trend till when it haults
I agree bud.....it does help preserve equity and keep risk low bud. So you may enter a couple of times.....
4&1 All Time Profit: $37,496
  • #712
  • Sep 4, 2019 5:50am Sep 4, 2019 5:50am
Quoting MzansiObi
{quote} I agree bud.....it does help preserve equity and keep risk low bud. So you may enter a couple of times.....
still kinda testing it on my demo though.....
whatsup??? are you in any trade on gold yet??
  • #713
  • Sep 4, 2019 6:52am Sep 4, 2019 6:52am
Been taking some calls here and there....
Trailing a short from 1544

Just bought H4 buy zone...
Half normal position size.....
Let's see how it goes...

SL on the H4 buy sits at 1525.

Pending buy limit order

1527.8
SL 1517....
4&1 All Time Profit: $37,496
  • #714
  • Sep 4, 2019 7:25am Sep 4, 2019 7:25am
Positive trader.....
It always helps when things are near one another....(confluence)

The M15 200 is near the H4 lower band.....

Surf's up.
I have trailed on this and closed partials....this allows us to re enter if bears still push lower. But if it rallies we in on the money....if not we out for some sheckles risk free...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_2019-09-04-14-22-48.png Size: 174 KB
Click to Enlarge Name: Screenshot_2019-09-04-14-11-13.png Size: 183 KB
4&1 All Time Profit: $37,496
  • #715
  • Sep 4, 2019 7:35am Sep 4, 2019 7:35am
Quoting PositiveTrad
{quote} Hi MzansiObi, How to get the Intraday Level? and how it works? Thanks
Do you see how current PA is now using that first downside level as resistance....what was identified as minor support initially acting as resistance now....

One level at a time....and that's where we try and enter and or get out.....
4&1 All Time Profit: $37,496
  • #716
  • Sep 4, 2019 8:10am Sep 4, 2019 8:10am
Quoting MzansiObi
Just bought H4 buy zone... Half normal position size..... Let's see how it goes... SL on the H4 buy sits at 1525.
Looks like you are doing pretty well!!!

Quoting MzansiObi
Surf's up. I have trailed on this and closed partials....this allows us to re enter if bears still push lower. But if it rallies we in on the money....if not we out for some sheckles risk free...
Great MM. Seems that 1545 level providing some resistance. Where are we going from here?
If in doubt, paddle out!
  • #717
  • Sep 4, 2019 8:18am Sep 4, 2019 8:18am
The where I can't tell bud.....
We just look at what price does at our levels.....1438 has flipped again but let's see how the hourly chart closes.....above or below 1545.....if it does close above it then we begin challenging those higher levels bud.
I loaded a short at 38 handle again.....stops just above second upside level.
We watch again ....buy hedge will act as a great buffer to reduce DD.
4&1 All Time Profit: $37,496
  • #718
  • Sep 4, 2019 8:24am Sep 4, 2019 8:24am
TP hit on gold, short again. SL. at BE.

SL hit!
  • #719
  • Sep 4, 2019 9:17am Sep 4, 2019 9:17am
Hope y'all have been buying since the bullish cross....entered bout 3 times....got stopped out cos of tight stop loss....made a total of 45 pips profit fam....
  • #720
  • Sep 4, 2019 9:20am Sep 4, 2019 9:20am
Quoting LouiseZA
TP hit on gold, short again. SL. at BE. SL hit!
sorry mahn!! buh what was your reason for selling ........i mean what was strategy for shorting it???
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