4 + 1 (Metals) strategy | Page 59 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Simple 5 Min Gold (XAUUSD) Strategy 79 replies

Digamber Shankar PATIL's DSP Candle Strategy 349 replies

Strategy Backtesting Platforms 24 replies

5 Min Gold (XAUUSD) Divergence Strategy 176 replies

M5-Two-Way-Confirmation-Strategy 264 replies

Attachments: 4 + 1 (Metals) strategy
Exit Attachments

4 + 1 (Metals) strategy

  • #1,161
  • Sep 20, 2019 8:37am Sep 20, 2019 8:37am
Quoting SurfsUp
{quote} 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.
Take it youre filled.....

Yeah that lack of a break and close lower means we will head back north for a bit....The neckline is yet to be broken....
4&1 All Time Profit: $37,496
  • #1,162
  • Sep 20, 2019 9:48am Sep 20, 2019 9:48am
Quoting SurfsUp
{quote} 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.
Whats your preference on how to take your profit?
i mean how do you exit??
do you use a fixed TP level?? or you use an indicator to know where you should exit??
as you know Market's recent fall @11:30 GMT gave roughly 45+ pips, if u were using a fixed Tp, you probably would have taken little compared to what the market was willing to give...
  • #1,163
  • Sep 20, 2019 10:00am Sep 20, 2019 10:00am
Quoting Spirit4eva
{quote} Whats your preference on how to take your profit? i mean how do you exit?? do you use a fixed TP level?? or you use an indicator to know where you should exit?? as you know Market's recent fall @11:30 GMT gave roughly 45+ pips, if u were using a fixed Tp, you probably would have taken little compared to what the market was willing to give...
Youre opening a new debate(I like it) regarding EA's and Indicators, my reality is this, the market is dynamic and they can often throw us ofcourse, if anything, use them as a guiding principle, i mean i know of a hedge fund that "disabled" their EA's ahead of the Fed announcements this week, so at the end of the day, it all becomes intuitive....How much profit are you happy with taking off of a trade and walking away....
4&1 All Time Profit: $37,496
  • #1,164
  • Sep 20, 2019 10:19am Sep 20, 2019 10:19am
Quoting MzansiObi
{quote} Youre opening a new debate(I like it) regarding EA's and Indicators, my reality is this, the market is dynamic and they can often throw us ofcourse, if anything, use them as a guiding principle, i mean i know of a hedge fund that "disabled" their EA's ahead of the Fed announcements this week, so at the end of the day, it all becomes intuitive....How much profit are you happy with taking off of a trade and walking away....
Yea! i like that."How much profit are you happy with taking off of a trade and walking away".....
it all depends on me after all.
as the market gives me what i expect, regards of what its capable of giving at that moment.
thanks mahn!!!!
just wanted to know if there is any thing better...
  • #1,165
  • Sep 20, 2019 10:20am Sep 20, 2019 10:20am
Quoting MzansiObi
{quote} Youre opening a new debate(I like it) regarding EA's and Indicators, my reality is this, the market is dynamic and they can often throw us ofcourse, if anything, use them as a guiding principle, i mean i know of a hedge fund that "disabled" their EA's ahead of the Fed announcements this week, so at the end of the day, it all becomes intuitive....How much profit are you happy with taking off of a trade and walking away....
Not a fan of EAs mahn!!!
lol
  • #1,166
  • Sep 20, 2019 1:45pm Sep 20, 2019 1:45pm
I guess the triangles pattern played out today..
the support/resistance levels where on point.eventually it broke
i hope you took your own share???
Attached Image (click to enlarge)
Click to Enlarge Name: cross sec.PNG Size: 51 KB
  • #1,167
  • Sep 20, 2019 1:53pm Sep 20, 2019 1:53pm
The breakouts were kinda massive
Attached Image (click to enlarge)
Click to Enlarge Name: cross sec white.PNG Size: 55 KB
  • #1,168
  • Sep 20, 2019 5:52pm Sep 20, 2019 5:52pm
The Pentagon will deploy US forces to the Middle East on the heels of the Iranian attack on Saudi Arabian oil facilities
  • #1,169
  • Sep 20, 2019 6:04pm Sep 20, 2019 6:04pm
Quoting MzansiObi
{quote} Take it youre filled..... Yeah that lack of a break and close lower means we will head back north for a bit....The neckline is yet to be broken....
The Pentagon will deploy US forces to the Middle East on the heels of the Iranian attack on Saudi Arabian oil facilities
gold up
  • #1,170
  • Sep 20, 2019 11:12pm Sep 20, 2019 11:12pm
Quoting Spirit4eva
I guess the triangles pattern played out today.. the support/resistance levels where on point.eventually it broke i hope you took your own share??? {image}
Lol.the breakout to either side had to happen eventually....used the news as some.fuel....im not in long though...
4&1 All Time Profit: $37,496
  • #1,171
  • Sep 21, 2019 1:09am Sep 21, 2019 1:09am
Quoting Unitedgold
{quote} The Pentagon will deploy US forces to the Middle East on the heels of the Iranian attack on Saudi Arabian oil facilities gold up
I managed to buy at 1500, if gap up, is that good? I have a take profit at 1521 level will it be filled?
  • #1,172
  • Sep 21, 2019 3:02am Sep 21, 2019 3:02am
Quoting Spirit4eva
{quote} Not a fan of EAs mahn!!! lol
I dont mind them, more so for back testing purposes, they can give a bit of info regarding the functionality or probability rate of a system or outlook....
4&1 All Time Profit: $37,496
  • #1,173
  • Sep 21, 2019 3:17am Sep 21, 2019 3:17am
21/09/19

Will wait for the open as there were some late night news events etc that made headlines that will affect how things open...


Here are my levels of interest for Monday and the week ahead.
Interms of the zones(H1,H4 and D1, will wait to see how we open up) Daily support remains intact as we have broken higher following days of hovering near the support handle before breaking that HnS high pattern we had in the past week.

Intra day levels (Monday 23/09/19)

Upside
1543.22
1530.1
1523.2
1517.89

Downside
1510.48
1503.25
1497.22
1491
1486.83


Weekly Numbers(23/09/19 - 27/09/19)

Upside
1561.66
1539.32
1527.14
1518.43

Downside
1505.56
1494.62
1490.56
1484.47
1472.74



My first point of reference will be to wait and see where the open/gap up is relative to these and then take it from there....


Wish you all a pleasant weekend. Im enjoying the rugby world cup, hopefully my home team will manage to get a W over the New Zealand.....
4&1 All Time Profit: $37,496
  • #1,174
  • Sep 21, 2019 12:43pm Sep 21, 2019 12:43pm
Quoting MzansiObi
21/09/19 Will wait for the open as there were some late night news events etc that made headlines that will affect how things open... Here are my levels of interest for Monday and the week ahead. Interms of the zones(H1,H4 and D1, will wait to see how we open up) Daily support remains intact as we have broken higher following days of hovering near the support handle before breaking that HnS high pattern we had in the past week. Intra day levels (Monday 23/09/19) Upside 1543.22 1530.1 1523.2 1517.89 Downside 1510.48 1503.25 1497.22 1491 1486.83 Weekly...

Thanks....for your guidance.
  • #1,175
  • Sep 22, 2019 1:56am Sep 22, 2019 1:56am
Starting to feel good about the current set-up. The sell-stop is trailing.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDDaily2.png Size: 88 KB
  • #1,176
  • Sep 22, 2019 3:15am Sep 22, 2019 3:15am
Quoting GazFx
Starting to feel good about the current set-up. The sell-stop is trailing. {image}
NIce bUd!!!

If there is a gap up, that buy stop will get filled, do you intend trailing your buy orders?
4&1 All Time Profit: $37,496
  • #1,177
  • Sep 22, 2019 3:49am Sep 22, 2019 3:49am
Quoting MzansiObi
{quote} NIce bUd!!! If there is a gap up, that buy stop will get filled, do you intend trailing your buy orders?
Let's see what happens!! Just playing around with a protective hedge idea at the moment.
  • #1,178
  • Sep 22, 2019 2:14pm Sep 22, 2019 2:14pm
Did some analysis, and so far i see gap coming, even if it doesn't, then gold should be bullish for a while before finally resting at a support/resistance did this analysis in H4 where the unending bullish move on friday was as a result of a breakout of a symmetrical triangle that formed on H4 too.
Attached Image (click to enlarge)
Click to Enlarge Name: gap gold.PNG Size: 66 KB
  • #1,179
  • Sep 22, 2019 2:41pm Sep 22, 2019 2:41pm
Quoting Spirit4eva
Did some analysis, and so far i see gap coming, even if it doesn't, then gold should be bullish for a while before finally resting at a support/resistance did this analysis in H4 where the unending bullish move on friday was as a result of a breakout of a symmetrical triangle that formed on H4 too. {image}
Nice bud, agreed with the bullish wave/movement...price breaking and closing above the 1509/10 handle exposes the next high at that 1525ish,
You asked about the intraday and weekly levels, add the weekly levels to your chart and and see what price does around them, i am still working on the pdf file,had hoped to have it finished by now......
4&1 All Time Profit: $37,496
  • #1,180
  • Sep 22, 2019 2:47pm Sep 22, 2019 2:47pm
Quoting MzansiObi
{quote} Nice bud, agreed with the bullish wave/movement...price breaking and closing above the 1509/10 handle exposes the next high at that 1525ish, You asked about the intraday and weekly levels, add the weekly levels to your chart and and see what price does around them, i am still working on the pdf file,had hoped to have it finished by now......
Thanks mahn!! was already bout reminding you bout the pdf bro.....
so when i add the intra day levels on my chart, what do i do afterwards?? do i keep watching for what price does at those levels??
Thanks a ton boss!!
6 traders viewing now