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Attachments: 4 + 1 (Metals) strategy
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4 + 1 (Metals) strategy

  • #1,281
  • Sep 24, 2019 6:11pm Sep 24, 2019 6:11pm
Quoting Junibifon
Sell Limit 1526 SL 1532 Tp open {image}
Morning all
SL hit - 6 pips. First red of the week.
  • #1,282
  • Edited 9:54pm Sep 24, 2019 9:17pm | Edited 9:54pm
Hi
Buy 1529.5
Sl1526
  • #1,283
  • Sep 24, 2019 11:26pm Sep 24, 2019 11:26pm
25/09/19
Morning Traders

As things stand
H1 Buy area:1529.13 - 1526.31
H4 Buy Area:1522.28 - 1514.89


Yesterdays price action was subdued for the better part of the day, waited for price to break higher and close higher than the 1527 handle before we resumed buying H1 dips, following Londons bias during their first hour of trading. Price is currently back in our H1 Buy zone. The m15 200 MA has also tracked higher and price has failed to break and close higher than that 1533 handle that marks out a probable right shoulder on the H4 chart, as such, will wait to see for a deeper pullback to load more longs or a clear break ad close above that handle to continue buying H1 dips again.

Intra day levels
Upside
1559.10
1547.35
1539.68
1534.94

Downside
1527.77
1522.50
1518.88
1514.86
1507.19




Trade safe
4&1 All Time Profit: $37,496
  • #1,284
  • Sep 24, 2019 11:39pm Sep 24, 2019 11:39pm
Visuals of where things stand at the moment.

The Yellow setup(inverse Head and Shoulders, has reached its target at the 1535 handle, now we are back looking at the bigger structure thats on the H4.

We have had other minor structures within the bigger structures and those either reached their targets or got invalidated with our trailing stops getting taken out at BE or for some profit.....
Lets see what London does and use the intra day levels to time and position our trades accordingly...
Attached Image (click to enlarge)
Click to Enlarge Name: 250919H4ShoulderRetest (2).png Size: 75 KB
4&1 All Time Profit: $37,496
  • #1,285
  • Sep 25, 2019 2:06am Sep 25, 2019 2:06am
Quoting MzansiObi
Visuals of where things stand at the moment. The Yellow setup(inverse Head and Shoulders, has reached its target at the 1535 handle, now we are back looking at the bigger structure thats on the H4. We have had other minor structures within the bigger structures and those either reached their targets or got invalidated with our trailing stops getting taken out at BE or for some profit..... Lets see what London does and use the intra day levels to time and position our trades accordingly... {image}
Appreciate for your as usual guidance with facts and figures. Keep it up bro...!
  • #1,286
  • Sep 25, 2019 2:07am Sep 25, 2019 2:07am
Happy new trading fam!
Got stopped out on my trade cos of tight stop as the market eventually went towards my intended direction.....
prior to now ive always prefered a fixed stop......putting in mind that if im stopped out, then i could as well join price in its new direction.
buh so far its more like instill my own rules on the market to obey...and as we all know the market is a respecter of no one...
since the market is dynamic and flexible, we should to some extent make our trading styles/strategies dynamic and flexible in that regard....
just a piece of advice though.
green pips to us all!!
  • #1,287
  • Sep 25, 2019 2:10am Sep 25, 2019 2:10am
Quoting mylife
Hi Buy 1529.5 Sl1526
mehn! your stop was wide
  • #1,288
  • Sep 25, 2019 2:16am Sep 25, 2019 2:16am
Quoting MzansiObi
Visuals of where things stand at the moment. The Yellow setup(inverse Head and Shoulders, has reached its target at the 1535 handle, now we are back looking at the bigger structure thats on the H4. We have had other minor structures within the bigger structures and those either reached their targets or got invalidated with our trailing stops getting taken out at BE or for some profit..... Lets see what London does and use the intra day levels to time and position our trades accordingly... {image}
so invariably a perceived bearish move right??
  • #1,289
  • Sep 25, 2019 2:26am Sep 25, 2019 2:26am
Quoting Spirit4eva
{quote} so invariably a perceived bearish move right??
Not per se, the same criterion we use going up, we need to use as we look to go down,

Price will need to stay below that head level on daily basis ie the right shoulder structure will need to hold.
Then price would need to start chipping away at our downside levels and remain below those levels as it goes along......
So the same ladder up approach we used climbing up, price would need to ladder down
4&1 All Time Profit: $37,496
  • #1,290
  • Sep 25, 2019 3:42am Sep 25, 2019 3:42am
Mehn! the market is just crawling...
lol
  • #1,291
  • Sep 25, 2019 4:18am Sep 25, 2019 4:18am
Quoting Spirit4eva
Mehn! the market is just crawling... lol
Lol you have itchy fingers?

We waited abit yesterday aswell before it decided to move abit...

We remain patient
4&1 All Time Profit: $37,496
  • #1,292
  • Sep 25, 2019 4:48am Sep 25, 2019 4:48am
Quoting MzansiObi
{quote} Lol you have itchy fingers? We waited abit yesterday aswell before it decided to move abit... We remain patient
Lol!!! been watching my screen like a TV
  • #1,293
  • Sep 25, 2019 4:54am Sep 25, 2019 4:54am
Quoting Spirit4eva
{quote} Lol!!! been watching my screen like a TV
Lol, just set some alerts and do something else, avoid overtrading....

H1 Buy zone: Still intact, but would love to see price breaker higher in order to begin buying it. Took a cheeky buy at 1527.85 earlier on its at BE took some change from it but would like to see yesterdays high broken and a close above it first and then look to buy H1 setups with proper volume.......


i will buy 1523.89 though for a quick scalp if we drop towards it......


trade safe
4&1 All Time Profit: $37,496
  • #1,294
  • Sep 25, 2019 5:05am Sep 25, 2019 5:05am
Quoting Junibifon
{quote} Morning all SL hit - 6 pips. First red of the week.
Lesson learned. Never take a trade while you're sleeping!!!
  • #1,295
  • Sep 25, 2019 5:26am Sep 25, 2019 5:26am
Quoting MzansiObi
{quote} Lol, just set some alerts and do something else, avoid overtrading.... H1 Buy zone: Still intact, but would love to see price breaker higher in order to begin buying it. Took a cheeky buy at 1527.85 earlier on its at BE took some change from it but would like to see yesterdays high broken and a close above it first and then look to buy H1 setups with proper volume....... i will buy 1523.89 though for a quick scalp if we drop towards it...... trade safe
For the now mahn!! been trading only on a pc......apart from the alert feauture on MT4 i dont use any other......what do u use so that you dont neccessarily have to be glued to ur trade like a TV waiting for possible setups
  • #1,296
  • Sep 25, 2019 5:47am Sep 25, 2019 5:47am
Quoting Spirit4eva
{quote} For the now mahn!! been trading only on a pc......apart from the alert feauture on MT4 i dont use any other......what do u use so that you dont neccessarily have to be glued to ur trade like a TV waiting for possible setups
I also use the mt4 alert feature bud....but i know there are a couple of indicators onlline that one can use to give of alerts as and when some parameters are met...
4&1 All Time Profit: $37,496
  • #1,297
  • Sep 25, 2019 5:50am Sep 25, 2019 5:50am
Hi
buy 1528.5
sl 1526
  • #1,298
  • Sep 25, 2019 6:19am Sep 25, 2019 6:19am
Quoting Spirit4eva
{quote} For the now mahn!! been trading only on a pc......apart from the alert feauture on MT4 i dont use any other......what do u use so that you dont neccessarily have to be glued to ur trade like a TV waiting for possible setups
u can also just copy ur set up from ur pc to the mt4 app.....mark ur levels out on the phone as u would on the pc. For those of us not full time traders, its the only way to survive
At least then u can watch SA vs Nz in the rugger or soemthing (sorry M! ) and still have an eye on the market
  • #1,299
  • Sep 25, 2019 6:19am Sep 25, 2019 6:19am
Quoting mylife
Hi buy 1528.5 sl 1526
what was your reason for buying bud??
  • #1,300
  • Sep 25, 2019 6:24am Sep 25, 2019 6:24am
Quoting Spirit4eva
{quote} what was your reason for buying bud??
Attached Image (click to enlarge)
Click to Enlarge Name: 11111.png Size: 98 KB
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