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4 + 1 (Metals) strategy

  • #1,101
  • Sep 18, 2019 1:20pm Sep 18, 2019 1:20pm
Back to Buy Dips....will wait for the noise to settle down, very good to see how despite the volatility price is still reacting around our intra day levels.....
Patient........
H4 and H1 should begin giving clearer zones to look for setups now...
Trade safe
4&1 All Time Profit: $37,496
  • #1,102
  • Sep 18, 2019 1:22pm Sep 18, 2019 1:22pm
Quoting SurfsUp
Anybody planning to get back in a buy dip? 1495? 1491? Or, are we going lower?
Near those downside levels Jip......reduced lot sizes though bud and after Powell speaks
4&1 All Time Profit: $37,496
  • #1,103
  • Sep 18, 2019 1:28pm Sep 18, 2019 1:28pm
Hi
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_????????_??????.png Size: 97 KB
  • #1,104
  • Sep 18, 2019 1:33pm Sep 18, 2019 1:33pm
Quoting MzansiObi
{quote} Near those downside levels Jip......reduced lot sizes though bud and after Powell speaks
Sounds like a good suggestion. Gold and USD moving around quite a bit. Trying to watch some forex trades as well. I think I'll wait it out a few more minutes.
If in doubt, paddle out!
  • #1,105
  • Sep 18, 2019 7:58pm Sep 18, 2019 7:58pm
Quoting MzansiObi
{quote} Did you get in on it?
Morning all.
Yes, I did get in double my full position at 1487 (M15 rejection D1 support 1485) 2 AM my local time . Has took off half position at 1494. Other half has set to BE.
  • #1,106
  • Sep 18, 2019 9:30pm Sep 18, 2019 9:30pm
19/09/19
Morning Traders.

Some Good Moves on the cross yesterday. Our Zones clearly getting defined now.
The daily hasnt flipped bearish for now, with the 15EMA crossing the 30 EMA on the Daily Time Frame , but its headed there
Further strength to bears if bears manage to break key support at 1486 and stay below it on the hourly and 4 hourly closing basis atleast

The H1 and H4 chart show what is currently in play, the yellow is the scenario we identified earlier this week and traded on and that needs to hold for bulls to continue their bullishness, a break and close below that head area(Support) will expose and invalidate that setup, another pattern has formed (Green markings) show the new pattern that has formed.... will leave these on the charts for reference point

H1 Bearish: Sell Zone:1496.95 - 1498.49
H4 Bearish: Sell Zone:1499.36 - 1500.45
D1:Bullish to Neutral

Intra day levels
Upside
1513.9
1507.11
1503.95
1499.58
1495.88


Downside
1485.99
1478.23
1467.38
1452.1



Given the most current setup and momentum, will look to sell rallies in the H1 and H4 setups near key areas
Trade safe
Attached Image(s) (click to enlarge)
Click to Enlarge Name: H1 Chart 190919 (2).png Size: 89 KB
Click to Enlarge Name: H4 Chart 190919 (2).png Size: 66 KB
4&1 All Time Profit: $37,496
  • #1,107
  • Sep 18, 2019 10:10pm Sep 18, 2019 10:10pm
Quoting MzansiObi
19/09/19 Morning Traders. Some Good Moves on the cross yesterday. Our Zones clearly getting defined now. The daily hasnt flipped bearish for now, with the 15EMA crossing the 30 EMA on the Daily Time Frame , but its headed there Further strength to bears if bears manage to break key support at 1486 and stay below it on the hourly and 4 hourly closing basis atleast The H1 and H4 chart show what is currently in play, the yellow is the scenario we identified earlier this week and traded on and that needs to hold for bulls to continue their bullishness,...
Thank you mate for this insightful reviews
  • #1,108
  • Sep 18, 2019 10:19pm Sep 18, 2019 10:19pm
At the mo I will not take any short trades as near D1 support and current PA that pointing higher prices unless it breaks 1484
  • #1,109
  • Sep 18, 2019 10:25pm Sep 18, 2019 10:25pm
Quoting Junibifon
At the mo I will not take any short trades as near D1 support and current PA that pointing higher prices unless it breaks 1484
I agree with you, current handle a little too low to short, but closer to those upper band handles of the h1 and h4 zones is well worth a short......

Got a long running(smaller position) off of the daily support handle... lets see where we are and what London does when the open.... should give more clarity
4&1 All Time Profit: $37,496
  • #1,110
  • Sep 18, 2019 10:31pm Sep 18, 2019 10:31pm
Another small Buy 1/10 of normal position at 1494. H1 bullish engulfing candle near D1 support
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20190919-102808_MetaTrader 4.jpg Size: 615 KB
  • #1,111
  • Sep 18, 2019 10:45pm Sep 18, 2019 10:45pm
Hi
Sell 1495
Sl 1497.5
  • #1,112
  • Sep 19, 2019 2:12am Sep 19, 2019 2:12am
Update:
Well, Still early days but decent rejection from that upper band on the H1 chart....

Will trail some positions more tightly today just up until it decides what its doing near that support zone on the daily chart....
4&1 All Time Profit: $37,496
  • #1,113
  • Sep 19, 2019 3:11am Sep 19, 2019 3:11am
Quoting MzansiObi
Update: Well, Still early days but decent rejection from that upper band on the H1 chart.... Will trail some positions more tightly today just up until it decides what its doing near that support zone on the daily chart....
London Sold, so for the rest of the day, leading up to LO close, will be looking to sell rallies, near our zones, preferably at or near the upper bands and also around the inta day levels......
4&1 All Time Profit: $37,496
  • #1,114
  • Sep 19, 2019 4:31am Sep 19, 2019 4:31am
Quoting Junibifon
Another small Buy 1/10 of normal position at 1494. H1 bullish engulfing candle near D1 support {image}
Closed other half at 1496 ( rejection H1 ema)
Still holding small Buy at 1494.
Plan to Buy dip near D1 support (if any)
  • #1,115
  • Sep 19, 2019 7:08am Sep 19, 2019 7:08am
1503.09 Filled,

Lets see....
Trade Safe
4&1 All Time Profit: $37,496
  • #1,116
  • Edited 7:31am Sep 19, 2019 7:18am | Edited 7:31am
Quoting MzansiObi
1503.09 Filled, Lets see.... Trade Safe
Still waiting signals to Short. At least M15 rejection bar
Update : Sell 1501
  • #1,117
  • Sep 19, 2019 7:39am Sep 19, 2019 7:39am
Quoting MzansiObi
1503.09 Filled, Lets see.... Trade Safe
Have removed 50% off of it, Rest At BE.
Will keep shorting this thing level at a time......
4&1 All Time Profit: $37,496
  • #1,118
  • Sep 19, 2019 8:26am Sep 19, 2019 8:26am
Quoting MzansiObi
1503.09 Filled, Lets see.... Trade Safe
Short filled at 1503.25 - SL set at 1508. TP open.

Quoting MzansiObi
{quote} Have removed 50% off of it, Rest At BE.
I am curious MzansiObi, how did you decide when to pull off 50%? I know you generally pull off when it has moved in your direction. Do you have a general guideline?
If in doubt, paddle out!
  • #1,119
  • Sep 19, 2019 8:36am Sep 19, 2019 8:36am
Quoting SurfsUp
{quote} Short filled at 1503.25 - SL set at 1508. TP open. {quote} I am curious MzansiObi, how did you decide when to pull off 50%? I know you generally pull off when it has moved in your direction. Do you have a general guideline?
Nah Bud, no rule of thumb, if the market is jittery and somewhat indecisive like its been past couple of days, i just try and bag some profit from it....and move on...

I have had two loosing trades today so the primary prerogative becomes trying to recover those losses and then begin bagging some profit for the day,
4&1 All Time Profit: $37,496
  • #1,120
  • Sep 19, 2019 9:16am Sep 19, 2019 9:16am
Keep an eye on the 1505 handle....becomes key area yet again.....
Out at BE......

Will sell again here depending on where we are towards hourly close but half position size other position size around 1505.....
Remaining patient......previous hourly candle was bearish and dipped back below our level......so will keep selling this handle till it fails.....eventually it has got to decide whereto......
4&1 All Time Profit: $37,496
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