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4 + 1 (Metals) strategy

  • #1,141
  • Sep 19, 2019 9:31pm Sep 19, 2019 9:31pm
Quoting Spirit4eva
Market is silent now...lets see how it goes during the Asian session
Bit subdued Asian session, they havent rattled the market all too much but price above the days open for now, lets see where it gets around London time.


Quoting Tragruel
but yeah, I get it now, I'll be patient, and trade the range with your method and levels... so many things make sense to me since I follow (and I think also importantly, FOCUS) on this thread, I don't know how to thank you enough. peace
Only a pleasure bud, we can all learn from one another, yeah man, that patience thing, im in no rush to risk my money so will wait for ideal setups before putting it out on the table, but its a discipline thing and its a daily thing that gets the best of us from time to time.....lets finish off strong
4&1 All Time Profit: $37,496
  • #1,142
  • Sep 19, 2019 9:42pm Sep 19, 2019 9:42pm
Quoting MzansiObi
{quote} Bit subdued Asian session, they havent rattled the market all too much but price above the days open for now, lets see where it gets around London time. {quote} Only a pleasure bud, we can all learn from one another, yeah man, that patience thing, im in no rush to risk my money so will wait for ideal setups before putting it out on the table, but its a discipline thing and its a daily thing that gets the best of us from time to time.....lets finish off strong
Nice and inspiring word
  • #1,143
  • Sep 19, 2019 9:51pm Sep 19, 2019 9:51pm
20/09/19

Morning Traders

H1:Neutral
H4:Neutral
D1:Neutral

These neutral zones are simply due to this range that price is stuck in. Range floor at 1485 and current range high at 1512/10


As such will look at the intra day levels for clarity coupled with Londons actions for a bias for todays session.

Upside
1521.36
1511.89
1506.98
1503.33

Downside
1499.16
1497.23
1490.975
1487.79
1481.86
1474.77

Just looked at price as i type this and its already at the first upside level


Trade Safe
4&1 All Time Profit: $37,496
  • #1,144
  • Sep 19, 2019 10:11pm Sep 19, 2019 10:11pm
Quoting MzansiObi
20/09/19 Morning Traders H1:Neutral H4:Neutral D1:Neutral These neutral zones are simply due to this range that price is stuck in. Range floor at 1485 and current range high at 1512/10 As such will look at the intra day levels for clarity coupled with Londons actions for a bias for todays session. Upside 1521.36 1511.89 1506.98 1503.33 Downside 1499.16 1497.23 1490.975 1487.79 1481.86 1474.77 Just looked at price as i type this and its already at the first upside level Trade Safe
Edit:will add 1505 as an uoside level too here.....
4&1 All Time Profit: $37,496
  • #1,145
  • Sep 19, 2019 11:49pm Sep 19, 2019 11:49pm
As things stand
We are above days open.
Above m15 200 EMA
And two of our upside levels have been met.
Although the mentioned daily close was below 1498, we tracked higher from the open and UJ seems to be heading lower...as such my bias is looking at buying dips for the day, but will continue waiting to see what London does....
4&1 All Time Profit: $37,496
  • #1,146
  • Sep 20, 2019 1:19am Sep 20, 2019 1:19am
Patiently watching any sell signals from 1507 and 1511 level.. Plan to short with tight SL, as against main trend
  • #1,147
  • Sep 20, 2019 1:38am Sep 20, 2019 1:38am
Short 1505
SL 1508
TP open
Half normal position
  • #1,148
  • Sep 20, 2019 1:57am Sep 20, 2019 1:57am
Quoting Junibifon
Short 1505 SL 1508 TP open Half normal position
SL move to BE
risk free now
  • #1,149
  • Sep 20, 2019 2:15am Sep 20, 2019 2:15am
Quoting Junibifon
{quote} SL move to BE risk free now
Stop Out at BE
  • #1,150
  • Sep 20, 2019 2:49am Sep 20, 2019 2:49am
Well theres still about 10 minutes to go, would like to see some bearish action from london then i may sell at this current upside level,
H1 formation and previous candle was bearish near the handle, so if this current candle closes bearish, will look to sell with stops above weeks high/ the right shoulder of the bigger pattern give or take.... The pink highlights on the chart outline todays probable pattern, first sell target will be towards the m15200 and see how it reacts, before pushing lower....
Attached Image (click to enlarge)
Click to Enlarge Name: 200919NewPat (2).png Size: 92 KB
4&1 All Time Profit: $37,496
  • #1,151
  • Sep 20, 2019 2:53am Sep 20, 2019 2:53am
Quoting Junibifon
{quote} Stop Out at BE
no loss after all though
  • #1,152
  • Sep 20, 2019 3:38am Sep 20, 2019 3:38am
Quoting Spirit4eva
{quote} no loss after all though
Yup,,, will look to short again at better price
  • #1,153
  • Sep 20, 2019 5:17am Sep 20, 2019 5:17am
Quoting MzansiObi
20/09/19 Morning Traders H1:Neutral H4:Neutral D1:Neutral These neutral zones are simply due to this range that price is stuck in. Range floor at 1485 and current range high at 1512/10 As such will look at the intra day levels for clarity coupled with Londons actions for a bias for todays session. Upside 1521.36 1511.89 1506.98 1503.33 Downside 1499.16 1497.23 1490.975 1487.79 1481.86 1474.77 Just looked at price as i type this and its already at the first upside level Trade Safe
Update:

Been selling and trailing that second Upside level(1505) for the better part of the day, intresting to see price using previous upside level, 1503 as a support handle.....
We keep the whole wash rinse and repeat cycle till it breaks or folds.......
4&1 All Time Profit: $37,496
  • #1,154
  • Sep 20, 2019 6:13am Sep 20, 2019 6:13am
Quoting MzansiObi
{quote} Update: Been selling and trailing that second Upside level(1505) for the better part of the day, intresting to see price using previous upside level, 1503 as a support handle..... We keep the whole wash rinse and repeat cycle till it breaks or folds.......
Ok! so where did u place ur TP??
  • #1,155
  • Sep 20, 2019 6:18am Sep 20, 2019 6:18am
Quoting Spirit4eva
{quote} Ok! so where did u place ur TP??
Open Bud, but whenever price reaches one of the intra day levels will adjust SL lower....

so first hurdle is this current 1503....will just keep following PA my G
4&1 All Time Profit: $37,496
  • #1,156
  • Sep 20, 2019 6:21am Sep 20, 2019 6:21am
Quoting MzansiObi
{quote} Open Bud, but whenever price reaches one of the intra day levels will adjust SL lower.... so first hurdle is this current 1503....will just keep following PA my G
thanks mahn!
as regards this intra day levels, how do they work??
  • #1,157
  • Sep 20, 2019 6:28am Sep 20, 2019 6:28am
Quoting Spirit4eva
{quote} thanks mahn! as regards this intra day levels, how do they work??
I use them as guidlines regarding the bias for the day......so for instance today been having a bearish bias since london open, as such entered at an upside level, using the next one as possible target and the same can be said regarding resistance, its always good if there is confluence of factors around the identifed level, so Todays entry level at 1505 ish handle happened to also lie near the intra day shoulder level... so thats further validation of possible turning point if looking to short.....they are a good guidance point to work with....


Will Upload a guideline on how to make use of them this weekend and upload it on here as a PDF so that we have a good reference point going formward.
Trade Safe.
4&1 All Time Profit: $37,496
  • #1,158
  • Sep 20, 2019 6:38am Sep 20, 2019 6:38am
Quoting MzansiObi
{quote} I use them as guidlines regarding the bias for the day......so for instance today been having a bearish bias since london open, as such entered at an upside level, using the next one as possible target and the same can be said regarding resistance, its always good if there is confluence of factors around the identifed level, so Todays entry level at 1505 ish handle happened to also lie near the intra day shoulder level... so thats further validation of possible turning point if looking to short.....they are a good guidance point to work...
Wow! thanks mahn would be really looking forward to it...
so pls how do you select/pick d intra level???
  • #1,159
  • Sep 20, 2019 6:46am Sep 20, 2019 6:46am
Update:
Stops just above 1503, decent drop, a little tight, but its fine if i get stopped out, will try find another entry,
If price cant break this next downside level at 1499.16 on a hourly closing basis, it may just pop back up to our entry....either way eill trail and run risk free.....

Quoting Spirit4eva
{quote} Wow! thanks mahn would be really looking forward to it... so pls how do you select/pick d intra level???
will try and address this too, but simply speaking these arent set in stone, its a combination of levels etc, based on the previous day average movements etc my G....
4&1 All Time Profit: $37,496
  • #1,160
  • Sep 20, 2019 7:35am Sep 20, 2019 7:35am
Quoting MzansiObi
Will Upload a guideline on how to make use of them this weekend and upload it on here as a PDF so that we have a good reference point going formward. Trade Safe.
Going above and beyond as always MzansiObi! Thanks. Will be looking forward to that PDF.

Have some buy limit orders in for 1499.16 with SL at 1497.20. Missed the chance on the last M15 candle it seems.
If in doubt, paddle out!
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