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4 + 1 (Metals) strategy

  • #1,061
  • Sep 17, 2019 8:22am Sep 17, 2019 8:22am
Quoting Junibifon
{quote} Close half position at 1502. Other half set BE and Stopped out
That dip lower was quick AS.....
Im looking to take some short scalps with stops just above 1512.

For those spikes.....anything near 1500 will be worth a buy dip
4&1 All Time Profit: $37,496
  • #1,062
  • Sep 17, 2019 8:35am Sep 17, 2019 8:35am
Quoting MzansiObi
{quote} That dip lower was quick AS..... Im looking to take some short scalps with stops just above 1512. For those spikes.....anything near 1500 will be worth a buy dip
Cashed out.....
Buy dip filled reduced lot size.....will watch this one tentatively now
4&1 All Time Profit: $37,496
  • #1,063
  • Sep 17, 2019 8:42am Sep 17, 2019 8:42am
Quoting Junibifon
{quote} Yes, you may see I my H1 chart. There's no gap for this week. There was a big gap last week and was successfully traded it with profit Btw, currently has short 1504 {image}
Aw mehn! Thats really bad of your broker..how can the whole world be talking about how gold gapped over the weekend then your broker is busy filling it up hence giving a false information..
too bad i must say.
whats the name of the broker???
Moreover, i guess you have to get a new (Non dealing desk) broker who really little or nothing to do with how your chart turn out....
my kind advice though
  • #1,064
  • Sep 17, 2019 8:44am Sep 17, 2019 8:44am
Quoting MzansiObi
{quote} That dip lower was quick AS..... Im looking to take some short scalps with stops just above 1512. For those spikes.....anything near 1500 will be worth a buy dip
Mehn! your SL is as wide as forever???
why the width??
  • #1,065
  • Sep 17, 2019 8:47am Sep 17, 2019 8:47am
hi
Attached Image (click to enlarge)
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  • #1,066
  • Sep 17, 2019 8:48am Sep 17, 2019 8:48am
Quoting Spirit4eva
{quote} Mehn! your SL is as wide as forever??? why the width??
Just look at the volatility, and most importantly, where the next intra day level is, so im positioning trades relative to the levels and risk management bud....im more fixated with where Price closes and am not bothered by the spikes per se, so the short is a scalp, positin size is reduced so in essence ill still risk more or less what id normally risk if i went in with my normal position size, have already cashed out on that short....
4&1 All Time Profit: $37,496
  • #1,067
  • Sep 17, 2019 8:57am Sep 17, 2019 8:57am
Quoting Spirit4eva
{quote} Aw mehn! Thats really bad of your broker..how can the whole world be talking about how gold gapped over the weekend then your broker is busy filling it up hence giving a false information.. too bad i must say. whats the name of the broker??? Moreover, i guess you have to get a new (Non dealing desk) broker who really little or nothing to do with how your chart turn out.... my kind advice though
Fbs broker.
Attachment. Last week gap
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20190917-204825_MetaTrader 4.jpg Size: 590 KB
  • #1,068
  • Sep 17, 2019 9:03am Sep 17, 2019 9:03am
Quoting Junibifon
{quote} Fbs broker. Attachment. Last week gap {image}
26th August gap bro..over 2 weeks ago
  • #1,069
  • Sep 17, 2019 9:04am Sep 17, 2019 9:04am
Quoting MzansiObi
{quote} Just look at the volatility, and most importantly, where the next intra day level is, so im positioning trades relative to the levels and risk management bud....im more fixated with where Price closes and am not bothered by the spikes per se, so the short is a scalp, positin size is reduced so in essence ill still risk more or less what id normally risk if i went in with my normal position size, have already cashed out on that short....
Ok! so how do i know where the next intra day level is?/
  • #1,070
  • Sep 17, 2019 9:07am Sep 17, 2019 9:07am
Quoting MzansiObi
{quote} Just look at the volatility, and most importantly, where the next intra day level is, so im positioning trades relative to the levels and risk management bud....im more fixated with where Price closes and am not bothered by the spikes per se, so the short is a scalp, positin size is reduced so in essence ill still risk more or less what id normally risk if i went in with my normal position size, have already cashed out on that short....
yea i get the point of placing ur stops around where price closes.buh as regards ur previous stop, how did the price closing make it that wide??
Thanks mahn!!
  • #1,071
  • Sep 17, 2019 9:11am Sep 17, 2019 9:11am
Quoting MzansiObi
{quote} Cashed out..... Buy dip filled reduced lot size.....will watch this one tentatively now
Buy dips closed 50%....Stops @ BE...

Keep watching h1200 ema
4&1 All Time Profit: $37,496
  • #1,072
  • Sep 17, 2019 9:14am Sep 17, 2019 9:14am
Quoting Spirit4eva
{quote} Ok! so how do i know where the next intra day level is?/
I post them daily mate..... just browse back......

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...

https://www.metalsmine.com/showthrea...2#post12506542
4&1 All Time Profit: $37,496
  • #1,073
  • Sep 17, 2019 9:34am Sep 17, 2019 9:34am
Quoting MzansiObi
{quote} Buy dips closed 50%....Stops @ BE... Keep watching h1200 ema
H1 200 ema holding well at the moment
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1..png Size: 36 KB
  • #1,074
  • Sep 17, 2019 9:54am Sep 17, 2019 9:54am
Quoting Junibifon
{quote} H1 200 ema holding well at the moment {image}
Added confluence with weekly open - hard nut to crack at the mo
  • #1,075
  • Sep 17, 2019 1:31pm Sep 17, 2019 1:31pm
Quoting Jp1
{quote} Added confluence with weekly open - hard nut to crack at the mo
Yet another setup busy forming off of m15 Chart.....
If it retouches the 1505 mark, i will offload another short from the handle...SL above third intra day handle.....
one more.....
4&1 All Time Profit: $37,496
  • #1,076
  • Sep 17, 2019 2:49pm Sep 17, 2019 2:49pm
Quoting MzansiObi
{quote} Yet another setup busy forming off of m15 Chart..... If it retouches the 1505 mark, i will offload another short from the handle...SL above third intra day handle..... one more.....
are you looking at a possible H&S formation ?
  • #1,077
  • Sep 17, 2019 2:54pm Sep 17, 2019 2:54pm
Quoting Tragruel
{quote} are you looking at a possible H&S formation ?
Yeah bud. And price struggled to stay above the 200 ema en an hourly close bud. ....
4&1 All Time Profit: $37,496
  • #1,078
  • Sep 17, 2019 9:48pm Sep 17, 2019 9:48pm
18/09/19

H1 Bullish and buy zone: 1501.12 - 1501.58
H4 bearish to neutral: Will wait for clarity.
D1 bullish to Neutral.

The sideways nature of things/ range that we have been trading in is showing in the Longer timeframes as there isnt much clarity on the intra day trend.

Intra day levels

Upside
1521.78
1514.34
1508.96
1505.31

Downside Levels
1500.51
1495.30
1491.89
1486.77
1479.03


Trade safe


Got a pending short at
1505
SL 1510
TP Open....


Green pips all around.
4&1 All Time Profit: $37,496
  • #1,079
  • Sep 17, 2019 10:46pm Sep 17, 2019 10:46pm
Quoting Tragruel
{quote} are you looking at a possible H&S formation ?
Its slowly but surely playing out bud, now we have another intra day level near that possible setup, so will still be looking for a short of sorts around the handle bud....
Green pips to you today
Attached Image (click to enlarge)
Click to Enlarge Name: m151809 (2).png Size: 73 KB
4&1 All Time Profit: $37,496
  • #1,080
  • Sep 18, 2019 4:13am Sep 18, 2019 4:13am
Quoting MzansiObi
18/09/19 H1 Bullish and buy zone: 1501.12 - 1501.58 H4 bearish to neutral: Will wait for clarity. D1 bullish to Neutral. The sideways nature of things/ range that we have been trading in is showing in the Longer timeframes as there isnt much clarity on the intra day trend. Intra day levels Upside 1521.78 1514.34 1508.96 1505.31 Downside Levels 1500.51 1495.30 1491.89 1486.77 1479.03 Trade safe Got a pending short at 1505 SL 1510 TP Open.... Green pips all around.
Bit of a bounce from that first downside level.
London opening hour was a bit neutral. So for now will stick with selling rallies near said levels.


Still patient
4&1 All Time Profit: $37,496
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