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4 + 1 (Metals) strategy

  • #741
  • Sep 5, 2019 2:57am Sep 5, 2019 2:57am
Quoting MzansiObi
{quote} Closed half of shoulder short. But not trailing yet. Let it run abit.
Stops at BE.
M15 200 back in the picture....
4&1 All Time Profit: $37,496
  • #742
  • Sep 5, 2019 3:05am Sep 5, 2019 3:05am
Quoting MzansiObi
{quote} Stops at BE. M15 200 back in the picture....
Hi MzansiObi,

Appreciate if you can explain the current situation about H1 zone. Currently the price is at 1542.72 and below 15 & 30 EMA at H1 timeframe. With the current candlestick touch at 15M 200EMA. What is the next course of action? To buy?

Thanks
  • #743
  • Sep 5, 2019 3:48am Sep 5, 2019 3:48am
Quoting PositiveTrad
{quote} Hi MzansiObi, Appreciate if you can explain the current situation about H1 zone. Currently the price is at 1542.72 and below 15 & 30 EMA at H1 timeframe. With the current candlestick touch at 15M 200EMA. What is the next course of action? To buy? Thanks
As somone once told me....u keep wacking the shit out of something until the level or average folds.....so in this case, the m15 200 has been acting as strong support the past few days. So going long again wouldnt be the worse move. Just need to have in the back of ur mind that there was a double top on the daily, and theres a bit of a h&s on h1 - im on the sidelines at the mo
  • #744
  • Sep 5, 2019 5:17am Sep 5, 2019 5:17am
Here u go M - had a crack at a couple of shorts.....mainly due to daily double top and h1 h&s
Attached Image (click to enlarge)
Click to Enlarge Name: C411E0F9-313A-4175-897A-4360E5EA15CC.jpeg Size: 1.0 MB
  • #745
  • Sep 5, 2019 6:11am Sep 5, 2019 6:11am
Quoting MzansiObi
{quote} Stops at BE. M15 200 back in the picture....
Levels of the day
  • #746
  • Sep 5, 2019 7:26am Sep 5, 2019 7:26am
Quoting MzansiObi
{quote} Your trade from this morning right?Saw that....you got a sniper entry......
So far today has been an excellent sniper day!
  • #747
  • Sep 5, 2019 7:32am Sep 5, 2019 7:32am
Sorry guys....
Just got home
Been an up and down rollercoaster here.
Problems with Internet Service Provider etc....
All sorted now.


Upside levels
1561
1557
1553
1549.3
1544

To the downside
1538
1534
1529
1522


As mentioned earlier this morning and as JP rightfully mentioned, we keep smacking it till it no longer works....
That H1 shoulder level I mentioned this morning gave good returns.....

H1 has currently flipping bearish....

H4 is a buy.....upper band 1540 lower band 1536.94....

D1 is bullish.....buy zone sits at upper band 1528 lower band 1505.32.....

H4 lower band provided a bounce but the upside level @1544 kept getting wackes lower.....


So we keep trying a level till it folds..... Price is currently back in H4 buy zone
But the rejection higher means we may have to asses buying this level and rather buy off of the H1 200 EMA.....

As we speak price is below the M15 200 EMA.... if it stays below we may have keep our shorts and wait before we buy.....
4&1 All Time Profit: $37,496
  • #748
  • Sep 5, 2019 7:33am Sep 5, 2019 7:33am
Quoting Jp1
Here u go M - had a crack at a couple of shorts.....mainly due to daily double top and h1 h&s {image}
Good short bud!!!!!
You highlighted that shoulder level nicely.....
Tah
4&1 All Time Profit: $37,496
  • #749
  • Sep 5, 2019 7:45am Sep 5, 2019 7:45am
If this downside level breaks(1534)

Our next target becomes 1531.65 (H1 200EMA).....

Trailing stop for h1 shoulder short at 1540.....
4&1 All Time Profit: $37,496
  • #750
  • Sep 5, 2019 9:10am Sep 5, 2019 9:10am
Quoting Jp1
Here u go M - had a crack at a couple of shorts.....mainly due to daily double top and h1 h&s {image}
So that was pretty perfectly drawn out in the end!
  • #751
  • Sep 5, 2019 9:20am Sep 5, 2019 9:20am
Gold going through levels like butter, fundamentals doing all the work, great ADP, china news plus trump hinting on a good NFP tomorrow it feels like this is a long needed correction, RSI divergence on the daily, 1522 seems to be barely holding, my final target by tomorrow still is 1495 level! Shorting since 1555 so really hope my TP hits
  • #752
  • Sep 5, 2019 9:21am Sep 5, 2019 9:21am
Quoting MzansiObi
If this downside level breaks(1534) Our next target becomes 1531.65 (H1 200EMA)......
Bye bye birdie. That level is in our rear view mirror. "And I'm Free.....Free Fallin"
If in doubt, paddle out!
  • #753
  • Sep 5, 2019 9:22am Sep 5, 2019 9:22am
My target hit 1517 Done for the day.
  • #754
  • Sep 5, 2019 9:48am Sep 5, 2019 9:48am
Quoting LouiseZA
My target hit 1517 Done for the day.
Nice. I am just getting started and looking for a nice entry point to go long. Might we be there at 1515-1516 level? Hands hovering over keyboard..........

Quoting chasinpips
Gold going through levels like butter, fundamentals doing all the work, great ADP, china news plus trump hinting on a good NFP tomorrow it feels like this is a long needed correction, RSI divergence on the daily, 1522 seems to be barely holding, my final target by tomorrow still is 1495 level! Shorting since 1555 so really hope my TP hits
Make it happen Chasin'
If in doubt, paddle out!
  • #755
  • Sep 5, 2019 12:53pm Sep 5, 2019 12:53pm
Quoting chasinpips
Gold going through levels like butter, fundamentals doing all the work, great ADP, china news plus trump hinting on a good NFP tomorrow it feels like this is a long needed correction, RSI divergence on the daily, 1522 seems to be barely holding, my final target by tomorrow still is 1495 level! Shorting since 1555 so really hope my TP hits
Been experiencing some down time on my end. Bloody ISP!!!!
Tech finally came out and fixed the issue.

Jip once 1533 broke it was smooth sailing....
Weekly numbers in play now.
JP mention d that 1509/10 handle......
It reacted......now what was key support has become Resistance.....daily close is NB
4&1 All Time Profit: $37,496
  • #756
  • Sep 5, 2019 12:54pm Sep 5, 2019 12:54pm
Quoting LouiseZA
My target hit 1517 Done for the day.
Swish!!!!!!!
Levels galore
4&1 All Time Profit: $37,496
  • #757
  • Sep 5, 2019 12:54pm Sep 5, 2019 12:54pm
Quoting SurfsUp
{quote} Nice. I am just getting started and looking for a nice entry point to go long. Might we be there at 1515-1516 level? Hands hovering over keyboard.......... {quote} Make it happen Chasin'
I'd say wait to see how it closes bud.
4&1 All Time Profit: $37,496
  • #758
  • Sep 5, 2019 12:59pm Sep 5, 2019 12:59pm
Quoting SurfsUp
{quote} Nice. I am just getting started and looking for a nice entry point to go long. Might we be there at 1515-1516 level? Hands hovering over keyboard.......... {quote} Make it happen Chasin'
I'd be careful with making any position entries now, NFP is tomorrow and personally i'm still short waiting for a test of that 1495 area, seems like 1520's is a support turned resistance. if you zoom out you'll see gold still needs a further correction down, possibly even to 1450 levels
  • #759
  • Sep 5, 2019 1:17pm Sep 5, 2019 1:17pm
Quoting MzansiObi
{quote} I'd say wait to see how it closes bud.

Hi Mz,

One personal request, Please share your position once you place either long or short each time. I mean price only not quantity. It will really help all of our friends specially new trader.
  • #760
  • Sep 5, 2019 1:38pm Sep 5, 2019 1:38pm
Quoting Nanotech
{quote} Hi Mz, One personal request, Please share your position once you place either long or short each time. I mean price only not quantity. It will really help all of our friends specially new trader.
Will do bud.
Today has been hectic. Changing internet service providers and the transition has been a nightmare.....but we all good now....


Everything back to normal.
Levels and setups to be posted as per normal Nano....
4&1 All Time Profit: $37,496
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