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4 + 1 (Metals) strategy

  • #781
  • Sep 6, 2019 10:41am Sep 6, 2019 10:41am
Quoting SurfsUp
MzansiObi, I see we are hitting a little resistance at 200MA on M15 as you suggested (1524ish). When do you pull trigger on short position? 1 red candle? Or, just set a limit order somewhere close?
Hey bud, it's always worth a whack.
But remember the daily buy zone hadn't been invalidated. That lower band of the daily buy chart is still intact and the bounce from it was just as strong
4&1 All Time Profit: $37,496
  • #782
  • Sep 6, 2019 4:29pm Sep 6, 2019 4:29pm
H1 200 EMA rejected price well and the level wasn't too far off our intra day levels together with H1 Sell Zone...
SO while the past two days have been bearish biased, the daily bull is still intact as price has close within the D1 Buy zone.

All in all, this seems poised to offer a great entry to begin loading longs...
Will begin posting weekly levels ahead of the week, those levels can be used in conjunction with the intra day levels



Trade safe, and have a safe weekend.


Regards
4&1 All Time Profit: $37,496
  • #783
  • Sep 7, 2019 1:49am Sep 7, 2019 1:49am
Happy Weekend Traders.


Just a reflection on the week that was and a bit of an Outlook for the week ahead

PA, tested the upper levels of the weekly and Intra day levels , it did edge Higher in the week to make a new High, and that handle attracted a bid from Sellers, who managed to push price towards key Support before breaking it to the lower intra day and weekly levels and actually challenged the Lower band of the D1 buy zone.

D1 buy Zone still intact but a break and close below that level will see bears trying to push it lower as there is still a lot of room to the downside. First challenge for bears will be that key support that is also near h4 200 ema(Confluence) Attached charts will aid in seeing this outlook. Daily RSI pointing downwards again so we have clear indication that bears will try and push it lower, while lows are favourable we need to sell with caution and pick our levels as we know that whenever price gets into that daily buy zone, Bulls wake up strong and make new highs..... enough rambling....

Will be adding weekly levels to the charts ahead of every week going forward.

Weekly Numbers:
Upside
1595.5
1577.3
1555.4
1542.76

Downside
1501
1487.89
1466.9
1433,09


Intra day levels for Monday
Upside
1546.96
1537.32
1527.88
1521.83

Downside
1502.44
1496.31
1487.76
1470.98


The associated charts clearly outline the Zones on the various time frames.
That 200 EMA across the time frames shows us clearly how price is behaving at certain levels that in most instances coincide with our intra day levels and how we can use it as a guide in managing our trades accordingly.....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSD.rDaily.png Size: 33 KB
Click to Enlarge Name: XAUUSD.rH1_LI.jpg Size: 783 KB
Click to Enlarge Name: XAUUSD.rH4_LI.jpg Size: 758 KB
4&1 All Time Profit: $37,496
  • #784
  • Sep 8, 2019 5:41pm Sep 8, 2019 5:41pm
Long 1504.94
Sl 1496
TP Open


Half my normal lot size.
Will look to but dips up until we have a daily close below the "buy" zone
4&1 All Time Profit: $37,496
  • #785
  • Sep 8, 2019 6:03pm Sep 8, 2019 6:03pm
Quoting MzansiObi
Long 1504.94 Sl 1496 TP Open Half my normal lot size. Will look to but dips up until we have a daily close below the "buy" zone
Thanks
mahn!
so whats your reason for you going long?? is it just price action??
tnx
  • #786
  • Sep 8, 2019 8:33pm Sep 8, 2019 8:33pm
Quoting MzansiObi
Long 1504.94 Sl 1496 TP Open Half my normal lot size. Will look to but dips up until we have a daily close below the "buy" zone
guess u were right all the while
  • #787
  • Sep 8, 2019 8:58pm Sep 8, 2019 8:58pm
Long 1507.68 trailing, risk free now. H1 divergence confluence with D1 buy zone.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20190909-085253_MetaTrader 4.jpg Size: 569 KB
  • #788
  • Sep 8, 2019 10:13pm Sep 8, 2019 10:13pm
Quoting Spirit4eva
{quote} Thanks mahn! so whats your reason for you going long?? is it just price action?? tnx
Remember the area/ handle is a support zone, and the candle stick pattern on that handle on the h4 showed a possible bounce.
Its struggling to break higher now as its met some resistance on the h1 sell zone.
Spoke about that candle stick formation near support with JP1 over the weekend bud, sorry for the late response, just got up, 5 AM this side...
Green pips to you this week
4&1 All Time Profit: $37,496
  • #789
  • Sep 8, 2019 10:20pm Sep 8, 2019 10:20pm
Quoting MzansiObi
{quote} Remember the area/ handle is a support zone, and the candle stick pattern on that handle on the h4 showed a possible bounce. Its struggling to break higher now as its met some resistance on the h1 sell zone. Spoke about that candle stick formation near support with JP1 over the weekend bud, sorry for the late response, just got up, 5 AM this side... Green pips to you this week
Hi MzansiObi,
i see M15 EMA 30 crosses EMA 15. Can I use this signal to buy now even you mentioned about H1 resistance?
  • #790
  • Sep 8, 2019 10:34pm Sep 8, 2019 10:34pm
Quoting PositiveTrad
{quote} Hi MzansiObi, i see M15 EMA 30 crosses EMA 15. Can I use this signal to buy now even you mentioned about H1 resistance?
Im actually looking to lock in some profit and see what it does near London Open, because its in that h1 sell zone, i will be carefull buying here mate.....
4&1 All Time Profit: $37,496
  • #791
  • Sep 8, 2019 11:57pm Sep 8, 2019 11:57pm
Quoting MzansiObi
{quote} Im actually looking to lock in some profit and see what it does near London Open, because its in that h1 sell zone, i will be carefull buying here mate.....
Levels of the day
  • #792
  • Sep 9, 2019 12:19am Sep 9, 2019 12:19am
Quoting MzansiObi
Happy Weekend Traders. Just a reflection on the week that was and a bit of an Outlook for the week ahead PA, tested the upper levels of the weekly and Intra day levels , it did edge Higher in the week to make a new High, and that handle attracted a bid from Sellers, who managed to push price towards key Support before breaking it to the lower intra day and weekly levels and actually challenged the Lower band of the D1 buy zone. D1 buy Zone still intact but a break and close below that level will see bears trying to push it lower as there is still...
The levels for monday are here bud, together with the weekly levels.

Trade Smart
4&1 All Time Profit: $37,496
  • #793
  • Sep 9, 2019 2:28am Sep 9, 2019 2:28am
Just a bit of an update....

H1 sell zone has drifted lower: 1509.55-1513.09
H4 Sell Zone also drifted lower: 1515.55 - 1521.81



The M15 200 EMA sits at 1517.96 thus any rally towards that will well worth be a crack at a short more so if that ema lies within the sell zone.
Trade Safe
4&1 All Time Profit: $37,496
  • #794
  • Sep 9, 2019 4:13am Sep 9, 2019 4:13am
yo, morning! Here's what im looking at now the new week has ticked in! holding above daily, weekly open at the moment, with d pp (1512) just above and then the weekly pp (1521) the next target possibly. Also the m15 200 in the mix. On the short side, weekly low and ws 1 down below (1486). Im still on the side of shorts while under m15 200 and w pp, but need to see what happens around some of the levels i mentioned before i dive in!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSD 190909 H1.JPG Size: 357 KB
Click to Enlarge Name: XAUUSD 190909 M15.JPG Size: 319 KB
  • #795
  • Sep 9, 2019 4:54am Sep 9, 2019 4:54am
Quoting Junibifon
Long 1507.68 trailing, risk free now. H1 divergence confluence with D1 buy zone. {image}
Pls mahn!! i saw your SL above your buy trade....how come??
Thanks!!
  • #796
  • Sep 9, 2019 4:57am Sep 9, 2019 4:57am
Quoting Spirit4eva
{quote} Pls mahn!! i saw your SL above your buy trade....how come?? Thanks!!
He is trailing my man.

So after buying the support zone he changed his stop loss to a position higher than his entry point. Thus locking in Profits
4&1 All Time Profit: $37,496
  • #797
  • Sep 9, 2019 4:57am Sep 9, 2019 4:57am
Quoting MzansiObi
{quote} Remember the area/ handle is a support zone, and the candle stick pattern on that handle on the h4 showed a possible bounce. Its struggling to break higher now as its met some resistance on the h1 sell zone. Spoke about that candle stick formation near support with JP1 over the weekend bud, sorry for the late response, just got up, 5 AM this side... Green pips to you this week
Wow! Which of the candles bro???
Attached Image (click to enlarge)
Click to Enlarge Name: which one.PNG Size: 36 KB
  • #798
  • Sep 9, 2019 4:58am Sep 9, 2019 4:58am
Quoting Junibifon
Long 1507.68 trailing, risk free now. H1 divergence confluence with D1 buy zone. {image}
And you keep buying it till it doesn't work no more mate......
4&1 All Time Profit: $37,496
  • #799
  • Sep 9, 2019 5:05am Sep 9, 2019 5:05am
Quoting MzansiObi
{quote} He is trailing my man. So after buying the support zone he changed his stop loss to a position higher than his entry point. Thus locking in Profits
Ok! i think i would have to start considering this moving of my SL.
why i havent given it a go is that i dont neccesarily want to be stopped often as i want to give market breathing space...you know how it is for you to be stopped out afterwards the market goes in your intended direction...
But since you more experienced than me bro, what do you suggest??
like this morning i place a buy trade, it went in profit, but i watch it give me a draw down though im not out of the trade and Gold is been ranging???
Thanks for all your help so far Brov!!!
  • #800
  • Sep 9, 2019 5:10am Sep 9, 2019 5:10am
Quoting Spirit4eva
{quote} Wow! Which of the candles bro??? {image}
It's the two green candles bud.
That first major green candle: showed buyers interest around the handle....the next candle although red, still failed to close lower than that massive green candle as such further validation....then look at what happens, the next green candle sort of eengulfs the previous red candle....all of this is happening near a support zone.....so given the general big picture....ie(were in an uptrend) and price is behaving like this near a critical support area, we can look at buying off of support till it either breaks lower or price does indeed move higher.......just zooming out your daily chart you can also see how price struggled with the level before as such it won't give it up easily.......
4&1 All Time Profit: $37,496
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