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4 + 1 (Metals) strategy

  • #1,021
  • Sep 16, 2019 10:59pm Sep 16, 2019 10:59pm
Quoting Junibifon
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 {image}
Trailed and stop out with little profit. Looking to buy dip. Buy Limit 1496.50
  • #1,022
  • Sep 16, 2019 11:54pm Sep 16, 2019 11:54pm
Quoting Resilence
{quote} 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?
Morning mate.
You are welcome.....keep at it and it will finally add up up.
The numbers are some Horizontal Support and Resistance figures looking at the average movement price traded in the previous day for intra day numbers and weekly for the weekly numbers, combined with some moving averages some pivots and some fibo levels. So it's a bit of everything......don't worry yourself too much about them for now the most NB thing becomes noting and observing how price behaves around them and near our zones......hope this helps
4&1 All Time Profit: $37,496
  • #1,023
  • Sep 17, 2019 12:01am Sep 17, 2019 12:01am
Morning traders.....

H1 has carved out a clear sell zone.
1498.73 - 1500.30.......as such we can see prices on h1 and H4 are looking to head lower.....
Let's see what London Does, if they also sell then we may look short as we are now below some stuff again(weekly open,h1 200ema and now the m15 200 ema. If we do sell it needs to be from higher up and not in these mid 1490's handles..... retests of the above-mentioned areas will be better positioned for some shorts and targets would become the daily support zone and downside numbers....

Will have a crack at longs from the H4 200 EMA......and then followed up by the D1 key support handles.....
4&1 All Time Profit: $37,496
  • #1,024
  • Sep 17, 2019 2:48am Sep 17, 2019 2:48am
Quoting Junibifon
{quote} Trailed and stop out with little profit. Looking to buy dip. Buy Limit 1496.50
Buy Limit triggered 1496.50 .. Set to BE now
  • #1,025
  • Sep 17, 2019 2:52am Sep 17, 2019 2:52am
Quoting Junibifon
{quote} Buy Limit triggered 1496.50 .. Set to BE now
Nice bud, i went in at 1495.63. there at that h4200 ema.
have taken half off the table and rest is at BE. If London Buys then sellers may need to consider selling the h4 upper band sell zone....
4&1 All Time Profit: $37,496
  • #1,026
  • Sep 17, 2019 3:55am Sep 17, 2019 3:55am
Looking forward to what price would do @1499.......if i see a possible reversal i should short it.....H4/D1 down trendline remained valid even at 1500 when price approached it about 7 hrs ago
blue pips to y'all today....
  • #1,027
  • Sep 17, 2019 4:04am Sep 17, 2019 4:04am
Quoting Spirit4eva
Looking forward to what price would do @1499.......if i see a possible reversal i should short it.....H4/D1 down trendline remained valid even at 1500 when price approached it about 7 hrs ago blue pips to y'all today....
Well Inline with the H4 Sell Zone upper band, whats your stop on this short trade mate?
4&1 All Time Profit: $37,496
  • #1,028
  • Sep 17, 2019 4:36am Sep 17, 2019 4:36am
Quoting MzansiObi
{quote} Well Inline with the H4 Sell Zone upper band, whats your stop on this short trade mate?
Sell limit triggered....SL 1500, TP 1496
  • #1,029
  • Sep 17, 2019 4:40am Sep 17, 2019 4:40am
Quoting Spirit4eva
{quote} Sell limit triggered....SL 1500, TP 1496
That Is a bit tight hey bud, for an asset class that has massive swings, you may be putting your money out there to dry, look at the intra day levels, above 1495.78 we have the next target at 1501.99....just a thought
4&1 All Time Profit: $37,496
  • #1,030
  • Sep 17, 2019 5:10am Sep 17, 2019 5:10am
Quoting Spirit4eva
{quote} Sell limit triggered....SL 1500, TP 1496
TP hit, 20+ pips bagged
  • #1,031
  • Sep 17, 2019 5:12am Sep 17, 2019 5:12am
Quoting Spirit4eva
{quote} TP hit, 20+ pips bagged
fingers crossed to see if price heads back to that trendline
  • #1,032
  • Sep 17, 2019 5:24am Sep 17, 2019 5:24am
Quoting MzansiObi
{quote} That Is a bit tight hey bud, for an asset class that has massive swings, you may be putting your money out there to dry, look at the intra day levels, above 1495.78 we have the next target at 1501.99....just a thought
true! bro.still having issues having wider SL so that if hit it wouldnt eat up much profit than usual bro....remember i asked you a question regarding this sometime ago
  • #1,033
  • Sep 17, 2019 5:32am Sep 17, 2019 5:32am
Quoting MzansiObi
{quote} That Is a bit tight hey bud, for an asset class that has massive swings, you may be putting your money out there to dry, look at the intra day levels, above 1495.78 we have the next target at 1501.99....just a thought
Any idea of how you place your stop your will be helpful bro
  • #1,034
  • Sep 17, 2019 5:42am Sep 17, 2019 5:42am
Quoting Spirit4eva
{quote} Any idea of how you place your stop your will be helpful bro
It worked out well, you got the drop, How big a position size was it, plus i wouldve looked at placing the stop just above the 1501.99 handle
4&1 All Time Profit: $37,496
  • #1,035
  • Sep 17, 2019 5:55am Sep 17, 2019 5:55am
Quoting Junibifon
{quote} Buy Limit triggered 1496.50 .. Set to BE now
Stopped Out at BE
  • #1,036
  • Sep 17, 2019 6:05am Sep 17, 2019 6:05am
Quoting Junibifon
{quote} Stopped Out at BE
Did you take some partial profits atleast, m5 and m15 and h1 busy forming head and shoulder patterns, breakout from the neckline will expose some upside levels.

We can pick away at them one at a time
Attached Image(s) (click to enlarge)
Click to Enlarge Name: h1hns (3).png Size: 42 KB
Click to Enlarge Name: m5 HnS (2).png Size: 61 KB
Click to Enlarge Name: m15 (2).png Size: 47 KB
4&1 All Time Profit: $37,496
  • #1,037
  • Sep 17, 2019 6:16am Sep 17, 2019 6:16am
Quoting MzansiObi
{quote} Did you take some partial profits atleast, m5 and m15 and h1 busy forming head and shoulder patterns, breakout from the neckline will expose some upside levels. We can pick away at them one at a time {image} {image} {image}
I was at dentist, no chance to look at the trade and take partial profits. Not a lucky day, 2 entry with small profit and BE . Planning to short D1 15 ema around 1506, fakey set up last Thursday still intact
  • #1,038
  • Sep 17, 2019 6:19am Sep 17, 2019 6:19am
Quoting Junibifon
{quote} I was at dentist, no chance to look at the trade and take partial profits. Not a lucky day, 2 entry with small profit and BE . Planning to short D1 15 ema around 1506, fakey set up last Thursday still intact
its also near an upside handle....so not a bad spot to look for short.
If we get another dip, i will buy again.
Current buy also at break even took minor profit from it in the interim.
4&1 All Time Profit: $37,496
  • #1,039
  • Sep 17, 2019 6:24am Sep 17, 2019 6:24am
Quoting MzansiObi
{quote} Did you take some partial profits atleast, m5 and m15 and h1 busy forming head and shoulder patterns, breakout from the neckline will expose some upside levels. We can pick away at them one at a time {image} {image} {image}
Confluence with D1 bullish trendline
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20190917-182119_MetaTrader 4.jpg Size: 619 KB
  • #1,040
  • Sep 17, 2019 6:31am Sep 17, 2019 6:31am
Quoting Junibifon
{quote} I was at dentist, no chance to look at the trade and take partial profits. Not a lucky day, 2 entry with small profit and BE . Planning to short D1 15 ema around 1506, fakey set up last Thursday still intact
But firstly will see any rejection to that level
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