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4 + 1 (Metals) strategy

  • #1,381
  • Sep 27, 2019 8:40am Sep 27, 2019 8:40am
Quoting PositiveTrad
{quote} Hi MzansiObi, any reason why you buy at 1491.28?
Hey Bud

Had a green hourly candle near support zone and near one of our downside levels...so just a bit of a buy entry seeing if bears have any exhaustion...
Its under water at the moment though, watching the hourly close to see where it does close....
Above or near 1490 will hold on to the trade....
4&1 All Time Profit: $37,496
  • #1,382
  • Sep 27, 2019 8:47am Sep 27, 2019 8:47am
Quoting MzansiObi
Long 1491.28 Sl 1482 TP Open Lets see
I'm in long at 1489.79 SL 1483. TP Open. Will also buy some dips. Have been running a buy limit order at 1486, but didn't hit it. Decided to quit waiting and hop in.
If in doubt, paddle out!
  • #1,383
  • Sep 27, 2019 8:54am Sep 27, 2019 8:54am
Quoting SurfsUp
{quote} I'm in long at 1489.79 SL 1483. TP Open. Will also buy some dips. Have been running a buy limit order at 1486, but didn't hit it. Decided to quit waiting and hop in.
Good Good, we have just about covered average daily range to the bottom so will also continue buying dips hard stops below 1485. as much as it isnt off the tables, thinking and bear exhaustion showing price may produce good buy dip setups, so will look to trail as and when it presents itself....
4&1 All Time Profit: $37,496
  • #1,384
  • Sep 27, 2019 8:58am Sep 27, 2019 8:58am
This downward channel on M15...should short once a see a signal on the trendline.....lets see
Attached Image
  • #1,385
  • Sep 27, 2019 9:00am Sep 27, 2019 9:00am
Quoting MzansiObi
{quote} Good Good, we have just about covered average daily range to the bottom so will also continue buying dips hard stops below 1485. as much as it isnt off the tables, thinking and bear exhaustion showing price may produce good buy dip setups, so will look to trail as and when it presents itself....
Already closed out half and moved rest to BE+ - just stopped out as typing this one. So, a nice little win to start my day. Moved my buy limit orders down a bit to 1484.
If in doubt, paddle out!
  • #1,386
  • Sep 27, 2019 9:04am Sep 27, 2019 9:04am
Re Entry Buy 1491
SL 1480
If any M15 bar close above 1498. It will be good as the short trend (M15) change to bullish
  • #1,387
  • Sep 27, 2019 9:12am Sep 27, 2019 9:12am
Quoting MzansiObi
Long 1491.28 Sl 1482 TP Open Lets see
Stops at BE...Closed 50% lets see
4&1 All Time Profit: $37,496
  • #1,388
  • Sep 27, 2019 9:14am Sep 27, 2019 9:14am
congrats bro
  • #1,389
  • Sep 27, 2019 9:16am Sep 27, 2019 9:16am
Quoting MzansiObi
{quote} Stops at BE...Closed 50% lets see
I will not closed half this time as in look like bulls are coming... move SL to Be
  • #1,390
  • Sep 27, 2019 9:18am Sep 27, 2019 9:18am
Quoting Spirit4eva
This downward channel on M15...should short once a see a signal on the trendline.....lets see {image}
price now at resistance....waiting for MA to give confirmation.
patience............lets see
  • #1,391
  • Sep 27, 2019 9:25am Sep 27, 2019 9:25am
Mine was Buy 1490.40
SL 1482
Tp : Open
  • #1,392
  • Sep 27, 2019 9:28am Sep 27, 2019 9:28am
Quoting Spirit4eva
{quote} price now at resistance....waiting for MA to give confirmation. patience............lets see
short @1492......
sl 50+ pips
tp 60+ pip.
lets see
  • #1,393
  • Sep 27, 2019 10:41am Sep 27, 2019 10:41am
Buy dip from support yields...... Juni, I just took more off the table and but stops still at entry.

Need a close below 1500 otherwise we headed back to this base support mate....
4&1 All Time Profit: $37,496
  • #1,394
  • Sep 27, 2019 10:43am Sep 27, 2019 10:43am
Quoting Spirit4eva
{quote} short @1492...... sl 50+ pips tp 60+ pip. lets see
ooops!! SL hit
  • #1,395
  • Sep 27, 2019 12:03pm Sep 27, 2019 12:03pm
the breakout we just saw is a breakout of an increasing expanding triangle........doing some research on it though
  • #1,396
  • Sep 27, 2019 12:27pm Sep 27, 2019 12:27pm
Update:
A couple of hours to go till the weekly close....Thought it befitting to plot the weekly levels that were in play from Sunday....in conjucntion with our H1, H4 and Daily Zones we can see how price reacted and behaved around said levels.....

A weekly close above the 1500 will keep the bulls in play going into next week.
Will wait for the weekly close and run the numbers for the week ahead....Hope we all made our pips and see you all in the new week.
Looking forward to a weekend full of sports..


Green pips
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1Friday Evening.png Size: 41 KB
4&1 All Time Profit: $37,496
  • #1,397
  • Sep 27, 2019 12:50pm Sep 27, 2019 12:50pm
Thanks a ton mahn!!!
you really been of a huge assistance this week.
really do appreciate!!!
  • #1,398
  • Sep 27, 2019 1:28pm Sep 27, 2019 1:28pm
after the break from M15 increasing expanding triangle, price rallied to H1 downward trendline...so i shorted after confirmation
Attached Image
  • #1,399
  • Sep 27, 2019 1:29pm Sep 27, 2019 1:29pm
Quoting Spirit4eva
after the break from M15 increasing expanding triangle, price rallied to H1 downward trendline...so i shorted after confirmation {image}
SL moved to BE........low risk trade....
lets see
  • #1,400
  • Sep 27, 2019 2:41pm Sep 27, 2019 2:41pm
Well gang, I'm calling it a week. I must say, this has been my best week of trading using the tips and advice found in this thread. I had 8 entries and exits and had 100% wins. 20% return on my account this week. I think I'll go have a drink and celebrate. Thanks MzansiObi for running this discussion.
Attached Image
If in doubt, paddle out!
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