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4 + 1 (Metals) strategy

  • #961
  • Sep 13, 2019 9:51am Sep 13, 2019 9:51am
Quoting anilamil
{quote} did u get a new wave?
Nice hold mate, came back around rather aggressively for u! Nah - i wasnt in again......missed the second drop
  • #962
  • Sep 13, 2019 10:02am Sep 13, 2019 10:02am
Quoting PositiveTrad
Hi MzansObi, Based on the PA at M15, do you think it will reverse when it reach double bottom or i should wait till the next intra level 1490.68? Thanks
Im glad you managed to get some profit on your short mate.
My 92 long has been filled now.......
Trade Safe
4&1 All Time Profit: $37,496
  • #963
  • Sep 13, 2019 10:16am Sep 13, 2019 10:16am
Quoting anilamil
holy damn, it really push back beyond my selling price. i hate when they make hammer when doing a trend. now i will watch if the neckline will broken before FOMC or after FOMC... {image}
mark 1508 as key resistance...
I think its safe to say its the interim rannge.....
1485 - 1508.....
4&1 All Time Profit: $37,496
  • #964
  • Sep 13, 2019 10:20am Sep 13, 2019 10:20am
Quoting MzansiObi
{quote} Im glad you managed to get some profit on your short mate. My 92 long has been filled now....... Trade Safe
Hi MzansiObi,

I did cut the losses as per your advice before it turned to my favour. I also did not trade the US Retails Sales news. I traded after news released based on your technical analysis. I trade micro with 1 lot. so the losses/wins are not a lot, i am just testing the water as i am now learning to trade based on your technical analysis.
  • #965
  • Sep 13, 2019 11:05am Sep 13, 2019 11:05am
Quoting PositiveTrad
{quote} Hi MzansiObi, I did cut the losses as per your advice before it turned to my favour. I also did not trade the US Retails Sales news. I traded after news released based on your technical analysis. I trade micro with 1 lot. so the losses/wins are not a lot, i am just testing the water as i am now learning to trade based on your technical analysis.
OoOh alright bud....But i was saying you can choose to either cut your losses or let it play out as your loss amount wasnt much.
plus 1508 handle had been holding up.....


Will post a couple of charts and explanations over the weekend to proper clarify.


But just monitoring price action, can you see how price has been behaving around the intra day levels that we post daily?
4&1 All Time Profit: $37,496
  • #966
  • Edited 11:37am Sep 13, 2019 11:16am | Edited 11:37am
Quoting MzansiObi
{quote} OoOh alright bud....But i was saying you can choose to either cut your losses or let it play out as your loss amount wasnt much. plus 1508 handle had been holding up..... Will post a couple of charts and explanations over the weekend to proper clarify. But just monitoring price action, can you see how price has been behaving around the intra day levels that we post daily?
Hi MzansiObi,

I understand some PA and some don't, still learning . and sometimes, i am loss during the day with the up and down of prices and how the intra level plays out.

Nonetheless, really appreciate that you are willing to spend times to guide me with patient.

Thanks again.
  • #967
  • Sep 13, 2019 1:39pm Sep 13, 2019 1:39pm
Quoting MzansiObi
{quote} lol, she has her shoes on and laces tightened bud, whenever she gets into the blocks near daily support she runs for "GOLD" But just looking at the trend past couple of months, we have seen whenever price gets in the daily support/buy zone, the ensuiing move higher is explosive, yesterday was testament of that, but the inability to sustain those gains on an intra day basis and close higher shows us bear strength is still in it....further more, the bearish divergence on the higher timeframes is now in full gear, so we take what it gives and...
Very good assessment. I am not having a lot of luck. I am trading with modest gains, but with all the big moves - I should be further ahead. I need to find more hours in the day for trading - but have other items brewing as well.

Quoting PositiveTrad
{quote} Yes i did, 1512.51. about $15 away.
That saved you. My SL was too tight at 1501. Wish. Missing out right now.

Quoting Spirit4eva
Hello fam! wanted to share something with y'all! just finished reading a over 400 pages book "Millionaire Traders" by Kathy Lien & Boris Schlossberg.
Thanks for the suggestion.
If in doubt, paddle out!
  • #968
  • Sep 15, 2019 1:48am Sep 15, 2019 1:48am
Happy Sunday Traders.

Been a bit of a busy weekend, was engaging with other traders and prospective traders, its always amazing meeting and seeing how more and more people are looking at trading to either supplement their income and or change their career paths....alright back to charts and levels.


Market Recap:
Weekly wise, Price Dropped below the first weekly level(1501.02) then went on to Test and find support at the second weekly level (1487.38) to the upside it challenged the first weekly level at 1521.83 and found the bears waiting around the 1524.16 handle which also coincides with a possible shoulder level on the daily chart that we pointed out as it rallied on Thursday. The sharp selloff found price back at daily support......the target for the head and shoulders pattern if it plays out is still towards the Elliot wave projections regarding the current wave 4 of the daily structure....(these longer patterns will take some time to play out so we remain patient)


As things stand
Intra Day.
H1: Flipped bearish: Sell Zone: 1494.58 - 1497.27.
H4: Still bearish :Sell Zone: 1498.61 - 1502.2 .
D1: Bullish to Neutral in short term. Price at D1 support zone



Weekly Levels for 16/09/19 - 20/09/19

Upside Level
1553.81
1538.99
1523.68
1513.98
1498.92

Downside levels
1483.61
1473.91
1458.85
1446.37
1433.60


Intra day Levels for Monday

Upside Level
1526.29
1517.6
1508.75
1503.27
1497.91
1493.8

Downside
1485.12
1479.93
1471.17
1456.6




Trade Safe and lets be patient and wait for our levels.....
Attached Image(s) (click to enlarge)
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4&1 All Time Profit: $37,496
  • #969
  • Sep 15, 2019 2:04am Sep 15, 2019 2:04am
Quoting PositiveTrad
{quote} Hi MzansiObi, I understand some PA and some don't, still learning . and sometimes, i am loss during the day with the up and down of prices and how the intra level plays out. Nonetheless, really appreciate that you are willing to spend times to guide me with patient. Thanks again.


So you see we have posted the levels for the week ahead and intra day levels for Monday.

Have highlighted the areas we should be looking at selling and the areas we could look at for buying....
So long as the daily chart structure holds we look to buy daily chart.


But seeing as our smaller time frames, H1 and h4 are in sell zones, we wait for price to pull back towards those zones,
when in or near those zones we look at where our intra day levels if inside the zones we open trades.
to take it a step further, if London Sells in their first hour it validates our sell bias, if they buy we look for buy setups near our intra day levels.
because the charts are always moving and arent static in nature, we need to bring all of that together.


Here is what i ask myself with every new session.

Is price currently above or below the days open or weekly open?
Is price above below the m15 and h1 200 ema?
Where are the H1 +H4 + D1 zones?
Where are our key Levels.?

Lastly, what has London Done?

But your entries should be near key levels and or the zones...whenever ive entered anywhere else then i end up experiencing some serious DD. Hence why i advocate for patience.....its not easy but its doable....
4&1 All Time Profit: $37,496
  • #970
  • Sep 15, 2019 2:30am Sep 15, 2019 2:30am
Quoting MzansiObi
Happy Sunday Traders. Been a bit of a busy weekend, was engaging with other traders and prospective traders, its always amazing meeting and seeing how more and more people are looking at trading to either supplement their income and or change their career paths....alright back to charts and levels. Market Recap: Weekly wise, Price Dropped below the first weekly level(1501.02) then went on to Test and find support at the second weekly level (1487.38) to the upside it challenged the first weekly level at 1521.83 and found the bears waiting around...
Thank you for this recap
  • #971
  • Sep 15, 2019 2:41am Sep 15, 2019 2:41am
The D1 trendline was broken. The implication is bearish. Thursday's and Friday's PA clearly showed the bears are in control now, fakey pattern (in rectangle). My trading plan. Sell on rally H1 sell zone around 1495. Initial TP 1447 (W1 fib 61.8 pullback). Initial SL 1528 ( above recent high and potential right shoulder)
Attached Image(s) (click to enlarge)
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  • #972
  • Sep 15, 2019 3:14am Sep 15, 2019 3:14am
Quoting Junibifon
The D1 trendline was broken. The implication is bearish. Thursday's and Friday's PA clearly showed the bears are in control now, fakey pattern (in rectangle). My trading plan. Sell on rally H1 sell zone around 1495. Initial TP 1447 (W1 fib 61.8 pullback). Initial SL 1528 ( above recent high and potential right shoulder) {image} {image} {image}
Sounds a solid plan bud.
I agree, further bearishness needs to see the current D1 support zone broke, If your SL is going to be that wide, then why not enter near the h4 sell zone near the upper band...first things first lets see how we open.....
4&1 All Time Profit: $37,496
  • #973
  • Sep 15, 2019 4:00am Sep 15, 2019 4:00am
Quoting MzansiObi
{quote} Sounds a solid plan bud. I agree, further bearishness needs to see the current D1 support zone broke, If your SL is going to be that wide, then why not enter near the h4 sell zone near the upper band...first things first lets see how we open.....
Thank for you suggestion bud. My first entry will be half of full entry. If the trade against me I will normally open second entry as long as it under SL. My SL will be flexible, as soon as the trade going 4 dollar in my favor normally I will set to BE or close half the position and will start trailing it. Although this strategy give me many BE and small profit, this has proven to me to be able to survive in the long term...
  • #974
  • Sep 15, 2019 4:11am Sep 15, 2019 4:11am
Quoting Junibifon
{quote} Thank for you suggestion bud. My first entry will be half of full entry. If the trade against me I will normally open second entry as long as it under SL. My SL will be flexible, as soon as the trade going 4 dollar in my favor normally I will set to BE or close half the position and will start trailing it. Although this strategy give me many BE and small profit, this has proven to me to be able to survive in the long term...
Thats Fantastic, and eventually you will get to a point where you can increase your position size and make more, the nice thing about it is you protect your equity first , the small gains all add up collectively at the end of the day, week, month and so forth....


Im just exercising caution with sell trades for now as we have seen how explosive price can be when it catches a bid near d1 buy zone/ support area...so portioning your sell trades is for sure good trade and money management....
thumbs up mate
4&1 All Time Profit: $37,496
  • #975
  • Sep 15, 2019 5:04pm Sep 15, 2019 5:04pm
Quoting MzansiObi
Massive gap on UJ. Expecting some gap up on this one. New week, new possibilities!!!! Let's
It did gap up and massively so.....
We are in for an interesting week.

1498 becomes key support, but it becomes vital to wait and see how market reacts once the rest of the sessions get going.
The 1485 D1 support zone has held up again.....

Trade safe and green pips
4&1 All Time Profit: $37,496
  • #976
  • Sep 15, 2019 5:10pm Sep 15, 2019 5:10pm
nice, you called it ! I want to thank you again for the hard work you do here, sharing many ideas/knowledge that make me really understand the marker better
  • #977
  • Sep 15, 2019 5:12pm Sep 15, 2019 5:12pm
Quoting Tragruel
nice, you called it ! I want to thank you again for the hard work you do here, sharing many ideas/knowledge that make me really understand the marker better
Its Only a pleasure Bud. Glad i can assist
4&1 All Time Profit: $37,496
  • #978
  • Sep 15, 2019 7:30pm Sep 15, 2019 7:30pm
Morning all
Trendline broken was invalidated and clean rejection 1485. Buy 1493, trailing now. Nice start of the week. Wishing you all green pips...
Attached Image (click to enlarge)
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  • #979
  • Sep 15, 2019 7:59pm Sep 15, 2019 7:59pm
Sell order was stoped out at the very first minute of the market open. Lucky it was 0.01 lot size (1/10 of full position). Hehehe
Attached Image (click to enlarge)
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  • #980
  • Sep 15, 2019 8:15pm Sep 15, 2019 8:15pm
Quoting MzansiObi
{quote} Thats Fantastic, and eventually you will get to a point where you can increase your position size and make more, the nice thing about it is you protect your equity first , the small gains all add up collectively at the end of the day, week, month and so forth.... Im just exercising caution with sell trades for now as we have seen how explosive price can be when it catches a bid near d1 buy zone/ support area...so portioning your sell trades is for sure good trade and money management.... thumbs up mate
It proved to be true. Four thumbs up to you mate...
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