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4 + 1 (Metals) strategy

  • #861
  • Sep 11, 2019 8:14am Sep 11, 2019 8:14am
this is it... the test of inverse head and shoulder.... right in this candle
  • #862
  • Sep 11, 2019 8:26am Sep 11, 2019 8:26am
Quoting MzansiObi
{quote} Check the intra day levels for possible target points......we will take them one at a time....also the first downside level comes in at 1483.48 so it may spike there but remember the base of our inverted head and shoulders lies there...so I'd consider it invalid if an hourly candle closes below that level mate
Mehn! how you coping with this cold market??
Is it tradeable for you??
ONly got 30 pips yesterday?
so hows gold for you mahn??
I think gold is waiting for thursday news.
how do you see it??
  • #863
  • Sep 11, 2019 8:28am Sep 11, 2019 8:28am
yeah its cold, thats why its ranging betweemn 1483 - 1500 for moment , i think.....
  • #864
  • Sep 11, 2019 8:34am Sep 11, 2019 8:34am
Quoting anilamil
yeah its cold, thats why its ranging betweemn 1483 - 1500 for moment , i think.....
yeah! but for some hours 1494 has been forming resistance.
Gold is kinda seeming to me like a scalpers world...
as for me, im no scalper at all!!!!
  • #865
  • Sep 11, 2019 8:37am Sep 11, 2019 8:37am
from what i see, since the trend line break, i believe 1494 will also break and make the resistance in 1500
  • #866
  • Sep 11, 2019 8:46am Sep 11, 2019 8:46am
1487 filled....... H1 shorts trailed
Let's see.....
4&1 All Time Profit: $37,496
  • #867
  • Sep 11, 2019 9:08am Sep 11, 2019 9:08am
Quoting anilamil
from what i see, since the trend line break, i believe 1494 will also break and make the resistance in 1500
ok
  • #868
  • Sep 11, 2019 9:09am Sep 11, 2019 9:09am
Quoting MzansiObi
1487 filled....... H1 shorts trailed Let's see.....
Ok! you mean you bought at 1487 right??
  • #869
  • Sep 11, 2019 9:13am Sep 11, 2019 9:13am
Quoting Spirit4eva
{quote} Ok! you mean you bought at 1487 right??
i also confuse with this, because short means sell , long means buy. but he said shorts H1 ? but long at 1487 on previous post?
  • #870
  • Sep 11, 2019 9:15am Sep 11, 2019 9:15am
i changed my SL to 1490.15 , TP 1504.15 , i think if this inverse head and shoulder, it will gain more power bull in 1 candle soon, if it fail , just get little SL. and honestly, i am freakin panic when it almost hit my SL before... because i use little money in this account lol
  • #871
  • Sep 11, 2019 9:24am Sep 11, 2019 9:24am
Quoting anilamil
{quote} i also confuse with this, because short means sell , long means buy. but he said shorts H1 ? but long at 1487 on previous post?
he do both way guy, a short is in profit trailing does not stop you to open a long... I will say : well play sir... .dont try this at home until you consistent with one order at a time lol
  • #872
  • Sep 11, 2019 9:25am Sep 11, 2019 9:25am
Quoting anilamil
{quote} i also confuse with this, because short means sell , long means buy. but he said shorts H1 ? but long at 1487 on previous post?
he means he had shorts from the H1 sell zone that he was trailing his stops.......he had a buy order waiting down at 1487
  • #873
  • Sep 11, 2019 9:31am Sep 11, 2019 9:31am
Quoting Spirit4eva
{quote} Ok! you mean you bought at 1487 right??
Yeah champ.
Bought off of it.
We mentioned the level earlier this morning around LO.
Have taken partial profits on it and stops are at BE too.lets watch and see what it does.....

But as we said earlier. If the head doesn't get invalidated, we wash, rinse and repeat the orders till it fails or rallies.
4&1 All Time Profit: $37,496
  • #874
  • Sep 11, 2019 9:37am Sep 11, 2019 9:37am
crap... it didn't broke the neck line...inverse head n shoulder still on progress until the neck line break.... or fail.. edited my SL into 1487
  • #875
  • Sep 11, 2019 9:41am Sep 11, 2019 9:41am
Quoting anilamil
crap... it didn't broke the neck line...inverse head n shoulder still on progress until the neck line break.... or fail.. edited my SL into 1487
that neckline is conveniently located at a major support turned resistance 1492-1494 levels so honestly it could go either way imo, my best guess is it stays in a tight range until ECB tomorrow when it makes a sharp move up or down.
  • #876
  • Sep 11, 2019 9:42am Sep 11, 2019 9:42am
Quoting anilamil
crap... it didn't broke the neck line...inverse head n shoulder still on progress until the neck line break.... or fail.. edited my SL into 1487
Yes, plan is just scalping up and down between those two levels at the mo. Earlier trade i posted i got taken out - shit entry so was expecting it! made some back with longs and shorts from the levels discussed
  • #877
  • Sep 11, 2019 9:44am Sep 11, 2019 9:44am
Activated bearish DV with RSI confirmed by Macd
good news about war trade
all good news for Usa
gravity of fibo 38.2

all of these make buy very risky right now
breaking down 1380 lead to free fall
Attached Image (click to enlarge)
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  • #878
  • Sep 11, 2019 9:57am Sep 11, 2019 9:57am
Quoting peyman
Activated bearish DV with RSI confirmed by Macd good news about war trade all good news for Usa gravity of fibo 38.2 all of these make buy very risky right now breaking down 1380 lead to free fall {image}
Peyman, I'll agree with you when you say that the break of the 1480 handle will expose further weakness. But there are a couple of levels that would need to be taken out. The weekly levels are still in play mate.....we remain patient around them and we wait to act when price gets to specific handles
4&1 All Time Profit: $37,496
  • #879
  • Sep 11, 2019 10:00am Sep 11, 2019 10:00am
neckline break, enjoy ur profit pals lol
  • #880
  • Sep 11, 2019 10:09am Sep 11, 2019 10:09am
Quoting anilamil
neckline break, enjoy ur profit pals lol
hourly would need to close above to confirm for me, could be a false breakout/bulltrap
edit: also that H1 ichimoku cloud right above is gonna need some momentum to break, which I don't rly see how seeing as USD is up SPX is up, just my 2 cents
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