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4 + 1 (Metals) strategy

  • #1,001
  • Sep 16, 2019 8:48am Sep 16, 2019 8:48am
closed, now i will try my best to be patience until fomc and see if head and shoulder daily pattern
  • #1,002
  • Sep 16, 2019 9:02am Sep 16, 2019 9:02am
Quoting anilamil
closed, now i will try my best to be patience until fomc and see if head and shoulder daily pattern
you mean no trading till wednesday??
  • #1,003
  • Sep 16, 2019 9:13am Sep 16, 2019 9:13am
yeap. for me, this is the fight of patience, because i always lose my temper to entry a position. but i will sure sell if the neckline is break even not fomc time lol
  • #1,004
  • Sep 16, 2019 9:17am Sep 16, 2019 9:17am
Hi
buy 1496.5
sl: 1492
  • #1,005
  • Edited 10:13am Sep 16, 2019 9:59am | Edited 10:13am
This is what i practically did today...
the trendline held so i shorted and aimed for 15 pips on my 3 trades...
im kinda done with trading for today buh if price touches the trendline again i might have a second thought...
happy trading y'all
Attached Image (click to enlarge)
Click to Enlarge Name: sell signal.PNG Size: 66 KB
  • #1,006
  • Sep 16, 2019 10:08am Sep 16, 2019 10:08am
mehn! whos been buying gold these few seconds??/
  • #1,007
  • Sep 16, 2019 10:11am Sep 16, 2019 10:11am
Levels galore.
Have a look to M15 and h1 chart. The inverse patterns playing out again. NEAr key level. AM on the road making my way home.....but the false break out below 1500 caught bid at shoulder handle again.......
Patience.....
JP the 1503 handle allowed you to bag some.....definately not shorting this thing here.....will post charts bin abit
4&1 All Time Profit: $37,496
  • #1,008
  • Sep 16, 2019 10:11am Sep 16, 2019 10:11am
Quoting Spirit4eva
mehn! whos been buying gold these few seconds??/
is it any news or something??
  • #1,009
  • Sep 16, 2019 10:18am Sep 16, 2019 10:18am
Quoting Spirit4eva
{quote} is it any news or something??
Just trapping everyone who was gung-ho on the gap closing swiftly!
  • #1,010
  • Sep 16, 2019 10:39am Sep 16, 2019 10:39am
Quoting Jp1
{quote} Just trapping everyone who was gung-ho on the gap closing swiftly!
I get that Bud, But for now, here is what the charts are showing...

The original buy order was looking at the following.
That m5 chart shoulder level was in our buy zone, it was close to the m15 200 ema, Price kept bouncing around the handle a fair bit before the fakey downwards.

The next area for a buy, where price caught a bid was around the h1 shoulder level....
so D1 key Support holds, we keep buying dips,towards that third intra day level which is also near the the h1 200 ema.


Stick to your plan and pick your levels from specific levels we can all make money, both from buying and selling.....
Trade Safe
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDM5inversesetup_LI.jpg Size: 862 KB
Click to Enlarge Name: XAUUSDH1Inverse160919_LI.jpg Size: 897 KB
4&1 All Time Profit: $37,496
  • #1,011
  • Sep 16, 2019 10:47am Sep 16, 2019 10:47am
Quoting MzansiObi
{quote} I get that Bud, But for now, here is what the charts are showing... The original buy order was looking at the following. That m5 chart shoulder level was in our buy zone, it was close to the m15 200 ema, Price kept bouncing around the handle a fair bit before the fakey downwards. The next area for a buy, where price caught a bid was around the h1 shoulder level.... so D1 key Support holds, we keep buying dips,towards that third intra day level which is also near the the h1 200 ema. Stick to your plan and pick your levels from specific levels...
Edit, H4 200 EMA also near that shoulder level.....So confluence of factors will always get things going.....
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH4200ema160919.png Size: 40 KB
4&1 All Time Profit: $37,496
  • #1,012
  • Sep 16, 2019 11:37am Sep 16, 2019 11:37am
D1 and H4 trend line have been holding even at the recent bullish move...though was a good opportunity to short gold
Attached Image (click to enlarge)
Click to Enlarge Name: h4 trend.PNG Size: 43 KB
  • #1,013
  • Sep 16, 2019 1:49pm Sep 16, 2019 1:49pm
Quoting Spirit4eva
D1 and H4 trend line have been holding even at the recent bullish move...though was a good opportunity to short gold {image}
Good move. Haven't shorted yet myself. Slightly underwater on some long positions - but watching for a break higher.
If in doubt, paddle out!
  • #1,014
  • Sep 16, 2019 2:05pm Sep 16, 2019 2:05pm
Quoting SurfsUp
{quote} Good move. Haven't shorted yet myself. Slightly underwater on some long positions - but watching for a break higher.
Opens are usually a good yard sticks.....it didnt get above (and hold) the daily / weekly open.....it was a short all day at that level (for me anyway). But as M said, couple of good longs too off the m15 200 and h4 200 etc. More than one way to skin a cat!
  • #1,015
  • Sep 16, 2019 2:33pm Sep 16, 2019 2:33pm
Been waiting for the breakout higher.
Couple of hours to go before daily close. Let's see where it closes to end the day......
Above 1498 remains a buy dip throughout Asia session for me.....but will do the daily numbers too and see how that all fits into the scheme of things. All in all. Decent Monday.....
4&1 All Time Profit: $37,496
  • #1,016
  • Sep 16, 2019 2:53pm Sep 16, 2019 2:53pm
Quoting SurfsUp
{quote} Good move. Haven't shorted yet myself. Slightly underwater on some long positions - but watching for a break higher.
Woosh! Tp hit...........56 pips bagged
  • #1,017
  • Sep 16, 2019 3:09pm Sep 16, 2019 3:09pm
Quoting SurfsUp
{quote} Good move. Haven't shorted yet myself. Slightly underwater on some long positions - but watching for a break higher.
Where did you go in long bud?
Good to see you are back, hope weekend was good, green pips to you this week
4&1 All Time Profit: $37,496
  • #1,018
  • Sep 16, 2019 5:06pm Sep 16, 2019 5:06pm
Morning Traders

As things stand,
H1 bullish to neutral
h4 still in Sell zone:1503.11 - 1499.89
D1 Still in Buy Zone.


Outlook remains the same, so long as 1514 stays intact selling H4 rallies remains an option.
Buying Dips near the D1 support zone also remains an option so long as D1 support at 1485 supports price.
All in all will look at the usual, what is London doing, where is price relative to H1,H4 and D1 zones and intra day levels.

Intra day levels
Upside Levels
1524.43
1518.22
1512.39
1508.9
1501.99

Downside Levels
1495.78
1491.95
1485.47
1475.67
1458.85



Trade safe


Lets see...
4&1 All Time Profit: $37,496
  • #1,019
  • Sep 16, 2019 7:17pm Sep 16, 2019 7:17pm
Morning all. Yesterday was good trading day, bank in profit from Buy at 1493 closed at 1508 and 1506 ( rejection h1 200

Currently buy 1498. H1 Triple bottom pattern and inverse head and shoulder
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20190917-070454_MetaTrader 4.jpg Size: 728 KB
  • #1,020
  • Sep 16, 2019 8:06pm Sep 16, 2019 8:06pm
Quoting MzansiObi
Morning Traders As things stand, H1 bullish to neutral h4 still in Sell zone:1503.11 - 1499.89 D1 Still in Buy Zone. Outlook remains the same, so long as 1514 stays intact selling H4 rallies remains an option. Buying Dips near the D1 support zone also remains an option so long as D1 support at 1485 supports price. All in all will look at the usual, what is London doing, where is price relative to H1,H4 and D1 zones and intra day levels. Intra day levels Upside Levels 1524.43 1518.22 1512.39 1508.9 1501.99 Downside Levels 1495.78 1491.95 1485.47...

Hi, i have been monitoring this thread quite a while now. Thanks for the regular updates. i'm still in demo trading..


Abit curious, how did u calculate the daily intra levels?
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