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4 + 1 (Metals) strategy

  • #801
  • Sep 9, 2019 5:13am Sep 9, 2019 5:13am
Quoting Spirit4eva
{quote} 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!!!...
It depends on you my ninja.
The reality is if you do trail like this you will get stopped out a couple of times but you won't be getting stopped out for a loss.....you will make minimal profit....but you're going to have to spend some time infront of the PC to do this.....if you don't have time, simply set your trade and levels and monitor as and when you can till either it moves in your favour or you get stopped out....
4&1 All Time Profit: $37,496
  • #802
  • Sep 9, 2019 5:22am Sep 9, 2019 5:22am
Quoting MzansiObi
{quote} It depends on you my ninja. The reality is if you do trail like this you will get stopped out a couple of times but you won't be getting stopped out for a loss.....you will make minimal profit....but you're going to have to spend some time infront of the PC to do this.....if you don't have time, simply set your trade and levels and monitor as and when you can till either it moves in your favour or you get stopped out....
Yea! thanks mahn!!!
it seems 1511 is forming hard to break...what you think mahn??
  • #803
  • Sep 9, 2019 5:28am Sep 9, 2019 5:28am
Quoting MzansiObi
{quote} 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...
Wow! Thanks for your big time hint mahn!!!
  • #804
  • Sep 9, 2019 5:46am Sep 9, 2019 5:46am
Quoting Spirit4eva
{quote} Yea! thanks mahn!!! it seems 1511 is forming hard to break...what you think mahn??
1511ish sits near that upper band of the H1 sell zone now.... We can see how the daily bulls keep pushing and trying to break.....eventually something has to give ...we keep watching and trying to be as reactive as possible.....either way it seems those that are comfortable selling the H1 and H4 levels should also trail same thing with D1 buyers.....
4&1 All Time Profit: $37,496
  • #805
  • Sep 9, 2019 6:50am Sep 9, 2019 6:50am
Quoting MzansiObi
{quote} 1511ish sits near that upper band of the H1 sell zone now.... We can see how the daily bulls keep pushing and trying to break.....eventually something has to give ...we keep watching and trying to be as reactive as possible.....either way it seems those that are comfortable selling the H1 and H4 levels should also trail same thing with D1 buyers.....
Thanks Mahn!!
After a long wait, i'd to collect the profit since i'd been on DD since morning....

however set a buy stop order @1513 with TP @1517, SL 1508...

seems ive been triggered already

  • #806
  • Sep 9, 2019 7:10am Sep 9, 2019 7:10am
Quoting Spirit4eva
{quote} Thanks Mahn!! After a long wait, i'd to collect the profit since i'd been on DD since morning.... however set a buy stop order @1513 with TP @1517, SL 1508... seems ive been triggered already
If u dont mind me asking, how come u set a buy order there?
  • #807
  • Sep 9, 2019 8:26am Sep 9, 2019 8:26am
Quoting Jp1
{quote} If u dont mind me asking, how come u set a buy order there?
Price capped at m15 200 EMA.
Bit of a break out out from the top of the range but it remains a flase breakout to trap buyers, we need to start breaking and closing above m15 200 ema to push on higher. Stops on Buy orders are at BE......price behaviour at range base needs to be monitored now too...
4&1 All Time Profit: $37,496
  • #808
  • Sep 9, 2019 8:35am Sep 9, 2019 8:35am
Quoting MzansiObi
{quote} Price capped at m15 200 EMA. Bit of a break out out from the top of the range but it remains a flase breakout to trap buyers, we need to start breaking and closing above m15 200 ema to push on higher. Stops on Buy orders are at BE......price behaviour at range base needs to be monitored now too...
yeh, did put a great big arrow at it on my earlier charts! hope it helped some - gotta love the 50ema!
  • #809
  • Sep 9, 2019 8:43am Sep 9, 2019 8:43am
Quoting MzansiObi
{quote} Price capped at m15 200 EMA. Bit of a break out out from the top of the range but it remains a flase breakout to trap buyers, we need to start breaking and closing above m15 200 ema to push on higher. Stops on Buy orders are at BE......price behaviour at range base needs to be monitored now too...
mehn! this ranging is like taking forever...indeed they are kinda trapping buyers cos that was a false breakout..i was even thinking it was going to be a retracement......
i think i would have locked in some profits though......
  • #810
  • Sep 9, 2019 8:45am Sep 9, 2019 8:45am
Earlier today, i backtested ranging market probabilities on mondays and it showed that on most occassions about half of mondays are usually ranging......looking forward to the upcoming hours before end of New York for more energy though.
  • #811
  • Sep 9, 2019 9:25am Sep 9, 2019 9:25am
SL hit..
now picking tops and bottoms in this forever lasting golden range.....
simple price action though with further confirmation of EMA crossover
shorted a profit of 33 pips for today
  • #812
  • Sep 9, 2019 9:46am Sep 9, 2019 9:46am
1502 break....
  • #813
  • Sep 9, 2019 9:59am Sep 9, 2019 9:59am
Quoting Jp1
{quote} yeh, did put a great big arrow at it on my earlier charts! hope it helped some - gotta love the 50ema!
It doesn't lie. It either breaks or holds. We touched some Upside levels but failed to close and break above it.
Next level to print becomes 1496.31 now if we manage to stay below 1502.44.... on an hourly closing basis
4&1 All Time Profit: $37,496
  • #814
  • Sep 9, 2019 11:21am Sep 9, 2019 11:21am
Quoting anilamil
1502 break....
Jip, and 1496 got challenged and it caught a bit of a bid....the daily close becomes interesting now.....
patience......
4&1 All Time Profit: $37,496
  • #815
  • Sep 9, 2019 11:48am Sep 9, 2019 11:48am
Quoting MzansiObi
{quote} Jip, and 1496 got challenged and it caught a bit of a bid....the daily close becomes interesting now..... patience......
yeah, i closed all my positions in 1499 , and looking tomorrow opportunity. it's my habit to not let my positions floating profit too long and cut loss when the candle is changed before floating loss too huge. i use MA, SO , candle memorized and ur levels indeed helping too , thanks
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  • #816
  • Sep 9, 2019 12:02pm Sep 9, 2019 12:02pm
Quoting anilamil
{quote} yeah, i closed all my positions in 1499 , and looking tomorrow opportunity. it's my habit to not let my positions floating profit too long and cut loss when the candle is changed before floating loss too huge. i use MA, SO , candle memorized and ur levels indeed helping too , thanks {image}
Glad i can help Anilamil.......Bank that profit bud.
I am looking at this daily buy zone with keen interest now....
4&1 All Time Profit: $37,496
  • #817
  • Sep 10, 2019 12:02am Sep 10, 2019 12:02am
Morning Traders,

The daily close as per yesterdays chart has broken and closed below the daily buy zone.
H1 and H4 sellers still in control.

Currently
H1 sell zone: 1496.23 - 1501.76
H4 sell Zone: 1505.78 - 1513.90

Intra Day Levels
Upside
1526.3(Extreme)
1521.97
1514.88
1510.47
1503.64

1496.82(Was a downside level, flipped into a resistance level)
1492.61(was a downside level, flipped int a resistance level)

Downside
1487.38(weekly)
1485.75
1473.98
1467.36(weekly)



As such selling rallies around h1 and h4 is order of the day but special caution to be given to PA around these lower levels


Trade Safe




Yesterdays intra day numbers held somewhat before being broken to the donwside on that test of the m15 ema.
The weekly levels have also come into play now with the first level being broken and now price testing and bouncing off of the second weekly number at that 1487.38
4&1 All Time Profit: $37,496
  • #818
  • Sep 10, 2019 1:53am Sep 10, 2019 1:53am
Hello SA friends and others. I'm from Malawi, anyway been t I have been following you and your unique system. It's awesome good. And want to understand, learn and master it. I find so interest for it's simplicity and straight forward rules. Ps let me know.

I'm 5 months old in Forex, but I got it how you spot a buy area and sell area on H1,H4, and D1.

But I don't understand something about upside and downside. How can I go about it?

Mzansiobi, I love your system
  • #819
  • Sep 10, 2019 3:01am Sep 10, 2019 3:01am
Quoting MzansiObi
Morning Traders, The daily close as per yesterdays chart has broken and closed below the daily buy zone. H1 and H4 sellers still in control. Currently H1 sell zone: 1496.23 - 1501.76 H4 sell Zone: 1505.78 - 1513.90 Intra Day Levels Upside 1526.3(Extreme) 1521.97 1514.88 1510.47 1503.64 1496.82(Was a downside level, flipped into a resistance level) 1492.61(was a downside level, flipped int a resistance level) Downside 1487.38(weekly) 1485.75 1473.98 1467.36(weekly) As such selling rallies around h1 and h4 is order of the day but special caution to...

1485 has held and has found a bit of resistance around 1496 again....
we take it one level at a time....it becomes very NB to monitor PA around these intra day/weekly levels....

Short
1494.54
SL 1508
TP Open


Buy Limit
1485.75
SL 1470


Trade Safe
4&1 All Time Profit: $37,496
  • #820
  • Sep 10, 2019 4:18am Sep 10, 2019 4:18am
Quoting MzansiObi
{quote} 1485 has held and has found a bit of resistance around 1496 again.... we take it one level at a time....it becomes very NB to monitor PA around these intra day/weekly levels.... Short 1494.54 SL 1508 TP Open Buy Limit 1485.75 SL 1470 Trade Safe
Lol! your stop is wider than the ocean
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