4 + 1 (Metals) strategy | Page 37 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Simple 5 Min Gold (XAUUSD) Strategy 79 replies

Digamber Shankar PATIL's DSP Candle Strategy 349 replies

Strategy Backtesting Platforms 24 replies

5 Min Gold (XAUUSD) Divergence Strategy 176 replies

M5-Two-Way-Confirmation-Strategy 264 replies

Attachments: 4 + 1 (Metals) strategy
Exit Attachments

4 + 1 (Metals) strategy

  • #721
  • Sep 4, 2019 10:09am Sep 4, 2019 10:09am
Quoting MzansiObi
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....
Hi MzansiObi,

You bought at H4 buy zone without 15 EMA crosses 30 EMA?
  • #722
  • Sep 4, 2019 10:40am Sep 4, 2019 10:40am
Quoting PositiveTrad
{quote} Hi MzansiObi, You bought at H4 buy zone without 15 EMA crosses 30 EMA?
Yeah i clarified that the actual h4 itself is confirmation, therefore, so long as price is within that area between the two Ema's we are good to go. Dropping down onto the m15 chart is additional confirmation..But i used the lower band h4 support zone together with the m15 200 ema as confirmation to go long bud...
4&1 All Time Profit: $37,496
  • #723
  • Sep 4, 2019 10:41am Sep 4, 2019 10:41am
Quoting LouiseZA
TP hit on gold, short again. SL. at BE. SL hit!https://cdn-resources.faireconomy.me....png?v=1.0.0.1
Your trade from this morning right?Saw that....you got a sniper entry......
4&1 All Time Profit: $37,496
  • #724
  • Sep 4, 2019 10:43am Sep 4, 2019 10:43am
Quoting Spirit4eva
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....
So long as you banked profit my brother. That's all
4&1 All Time Profit: $37,496
  • #725
  • Sep 4, 2019 10:44am Sep 4, 2019 10:44am
Quoting MzansiObi
{quote} Yeah i clarified that the actual h4 itself is confirmation, therefore, so long as price is within that area between the two Ema's we are good to go. Dropping down onto the m15 chart is additional confirmation..But i used the lower band h4 support zone together with the m15 200 ema as confirmation to go long bud...
Theres that awesome m15 200 - best ema on my h1 (50 ema).....had nice longs from there today, tp at 1544. Lovely jubbly!
  • #726
  • Sep 4, 2019 10:48am Sep 4, 2019 10:48am
Quoting Jp1
{quote} Theres that awesome m15 200 - best ema on my h1 (50 ema).....had nice longs from there today, tp at 1544. Lovely jubbly! https://cdn-resources.faireconomy.me....png?v=1.0.0.1
Lol, jip. I Enjoyed the confluence of factors around that handle, the lower band on h4 buy zone(the 30ema) together with that m15 200 were there.....
4&1 All Time Profit: $37,496
  • #727
  • Sep 4, 2019 10:55am Sep 4, 2019 10:55am
PT that red line on the chart is the 30 EMA, that's the lower band of the H4 buy zone....the buy zone is the area between the blue and red EMA's.
The blue is the 15EMA.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20190904_175339.png Size: 180 KB
4&1 All Time Profit: $37,496
  • #728
  • Sep 4, 2019 11:47am Sep 4, 2019 11:47am
Quoting MzansiObi
{quote} Yeah i clarified that the actual h4 itself is confirmation, therefore, so long as price is within that area between the two Ema's we are good to go. Dropping down onto the m15 chart is additional confirmation..But i used the lower band h4 support zone together with the m15 200 ema as confirmation to go long bud...
Thanks MzansiObi,

I think i get it now. Based on my understanding, it also mean not to buy at H1 zone because M15 200 EMA was not in that H1 zone as confirmation, am i right?
  • #729
  • Sep 4, 2019 12:11pm Sep 4, 2019 12:11pm
Quoting PositiveTrad
{quote} Thanks MzansiObi, I think i get it now. Based on my understanding, it also mean not to buy at H1 zone because M15 200 EMA was not in that H1 zone as confirmation, am i right?
The M15 200 EMA doesn't necessarily have to be there,but zoom out your chart see how price often reacts on or near that m15 200 when we are in a buy zone and also when we are looking for sell setups.....
4&1 All Time Profit: $37,496
  • #730
  • Sep 4, 2019 12:41pm Sep 4, 2019 12:41pm
Quoting MzansiObi
{quote} Lol, jip. I Enjoyed the confluence of factors around that handle, the lower band on h4 buy zone(the 30ema) together with that m15 200 were there.....
Jp looking a bit sheepish now, with his 1544 target from earlier! Should have kept that runner alive!
  • #731
  • Sep 4, 2019 1:11pm Sep 4, 2019 1:11pm
Quoting Jp1
{quote} Jp looking a bit sheepish now, with his 1544 target from earlier! Should have kept that runner alive!
Lol next one 1559/60.....

But we should begin seeing opportunity to short this darn thing soon.....


Trade safe.
4&1 All Time Profit: $37,496
  • #732
  • Sep 4, 2019 8:59pm Sep 4, 2019 8:59pm
Quoting MzansiObi
{quote} Lol next one 1559/60..... But we should begin seeing opportunity to short this darn thing soon..... Trade safe.
A level either holds or folds......
Back on the ride down South.....
That m15 200 is nearby ..... It's 4AM here.
Calling it a night....
See you all in a couple
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2019-09-05-03-56-55.png Size: 169 KB
4&1 All Time Profit: $37,496
  • #733
  • Sep 4, 2019 9:08pm Sep 4, 2019 9:08pm
Just off the bat, price drifting into H4 buy zone.
Lower band lies at 1539.3
Just got up off the couch......will post intra day levels in a couple.......
Trade safe.
4&1 All Time Profit: $37,496
  • #734
  • Sep 5, 2019 1:47am Sep 5, 2019 1:47am
Will be infront of the PC in an hour or so....
But just looking at chart, 1548/49 resisted previously, would be good shoulder level h1 to pull a short.....
Stops above previous swing high...
Will enter half my normal lot size....
4&1 All Time Profit: $37,496
  • #735
  • Sep 5, 2019 2:16am Sep 5, 2019 2:16am
Took a long off the 50 h1 (m15 200).....took profit at 49.50....runner at BE+30. On ur trading rules on here, i guess thats the equivalent of going long off the 15 on h4
  • #736
  • Sep 5, 2019 2:18am Sep 5, 2019 2:18am
Quoting Jp1
Took a long off the 50 h1 (m15 200).....took profit at 49.50....runner at BE+30. On ur trading rules on here, i guess thats the equivalent of going long off the 15 on h4
Bingo!!!! You have nailed that entry....but looking at price action, why don't you bump up that SL a little and look for shorts?

JP if you don't mind mate, upload a chart or two every now and again just so that some of the other guys can see what you're referring to.....visuals simplify
4&1 All Time Profit: $37,496
  • #737
  • Sep 5, 2019 2:21am Sep 5, 2019 2:21am
Quoting MzansiObi
{quote} Bingo!!!! You have nailed that entry....but looking at price action, why don't you bump up that SL a little and look for shorts? JP if you don't mind mate, upload a chart or two every now and again just so that some of the other guys can see what you're referring to.....visuals simplify
Yep will do mate - im usually off my phone but if i get my tablet out (hiding in an office at work! ) i can post a proper chart....

agree with potential shorts.......could be a nice h&s forming on h1
  • #738
  • Sep 5, 2019 2:22am Sep 5, 2019 2:22am
Hey guys, at which price do you think theres a potential sell
  • #739
  • Sep 5, 2019 2:32am Sep 5, 2019 2:32am
Quoting Jp1
{quote} Yep will do mate - im usually off my phone but if i get my tablet out (hiding in an office at work! ) i can post a proper chart.... agree with potential shorts.......could be a nice h&s forming on h1
Lol no worries bud. Don't be shy even on the phone it's fine, I also load charts from phone from time to time.
I'm out doing some admin....

Will post intra day levels shortly......
4&1 All Time Profit: $37,496
  • #740
  • Sep 5, 2019 2:38am Sep 5, 2019 2:38am
Quoting MzansiObi
Will be infront of the PC in an hour or so.... But just looking at chart, 1548/49 resisted previously, would be good shoulder level h1 to pull a short..... Stops above previous swing high... Will enter half my normal lot size....
Closed half of shoulder short.
But not trailing yet. Let it run abit.
4&1 All Time Profit: $37,496
15 traders viewing now