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

  • #1,401
  • Sep 27, 2019 3:03pm Sep 27, 2019 3:03pm
Quoting SurfsUp
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. {image}
yeah, have a good one. Huge thanks to people here and specially MzansiObi !
  • #1,402
  • Sep 28, 2019 1:08pm Sep 28, 2019 1:08pm
Hey guys

Are you still following the strategy from P1 with the EA?

Used something very similar with other pairs but I read this thread and didn’t see anything about it being referenced in the metrology moving forwards.

I’m asking because I’m kinda interested in applying something like this to my gold trading on a 1hr 15/5m TF confirmatory basis

Along with the first question, is there anything else you guys incorporate to the rules I’ve missed?

Tx

Letsride
  • #1,403
  • Sep 29, 2019 2:23am Sep 29, 2019 2:23am
Quoting letsride
Hey guys Are you still following the strategy from P1 with the EA? Used something very similar with other pairs but I read this thread and didn’t see anything about it being referenced in the metrology moving forwards. I’m asking because I’m kinda interested in applying something like this to my gold trading on a 1hr 15/5m TF confirmatory basis Along with the first question, is there anything else you guys incorporate to the rules I’ve missed? Tx Letsride
Hey bud......glad to see you on here....

Yes and No.

Yes we still using the rules as per the original post on page one, couple of minor tweaks and modifications on it.....the EA isn't fully functional.....it had its limitations to a minor degree and as such there's a someone that's still sorting that out......

Will post the weekly numbers and the levels for Monday later today....we use the strategy rules in post one in conjunction with the levels......

Almost done with the PDF that I will attach to the thread for reference sake...

Hope we all enjoying the rugby and the weekend.....
Cheers
4&1 All Time Profit: $37,496
  • #1,404
  • Sep 29, 2019 7:08am Sep 29, 2019 7:08am
Happy new week fam!! Lets look forward to the good tiding that this new trading week comes with. Regardless of how our individual performances were during last trading week, we could however put it aside and brace up for what comes with this new week.
Wishing y'all green pips all the way!!!!
  • #1,405
  • Sep 29, 2019 7:17am Sep 29, 2019 7:17am
Good day fam!!
Last week gold closed with a bullish flag pattern on M15.
If this is to hold, then we could be looking for a brief bullish move after breakout of the flag.
However, fingers should be crossed though as it might still be a bearish move.
but either ways, if the pattern holds and breakout, we could take advantage of it during the Asian session.
Anyways, lets see how this goes.
Just my own perspective of gold.
Attached Image
  • #1,406
  • Sep 29, 2019 7:58am Sep 29, 2019 7:58am
29/09/29

Hope we all had a good weekend and a great break....
The week that was saw a break down from the right shoulder level we mentioned earlier in the week, price trickled up on our weekly levels and eventually came back down towards key support on the daily chart at the 1485 handle, this handle also symbolic of the shoulder level of the current H4 structure....a break below will have me looking for PA making that correction towards the 1440ish handle that would also correlate with the Elliot-wave count for wave 4......

Failing which the right hand shoulder will need to remain intact for the setup to stay valid.so the outlook remains the same, to look for buy setups near the support structures so long as price doesnt break below current support, and sell the shoulder level so long as it doesnt get a break and close above the handle.... furthermore will be looking at PA near the daily, H4 and H1 zones as and when price gets there......

H1: Sell Zone:1500.49 -1497.80.
H4: Sell Zone:1508.15 - 1504.56.
D1: Buy Zone:1506.82 - 1501.43.

Intra Day Levels for Monday(30/09/19)

Upside
1527.67
1517.51
1509.62
1507.12
1504.76

Downside
1492.88
1489.06
1486.55
1484.22
1476.41


Weekly Levels(30/09/39 - 4/10/19)
Upside:
1575.82(Extension Level)
1555.23(Extension Level)
1536.58
1525.05
1516.96
1511.18
1506.36


Downside:
1487.74
1476.21
1466.37
1457.55
1445.70(Extension Level)
1428.30(Extension Level)


Green Pips to you all
4&1 All Time Profit: $37,496
  • #1,407
  • Sep 29, 2019 8:16am Sep 29, 2019 8:16am
H1 chart and H4 charts with the sell zones identified as things stand...looking forward to the open...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: H1Outlook290919 (2).png Size: 76 KB
Click to Enlarge Name: H4Outlook290919 (2).png Size: 79 KB
4&1 All Time Profit: $37,496
  • #1,408
  • Sep 29, 2019 8:08pm Sep 29, 2019 8:08pm
Morning traders....
Update: H1 sell zone providing some bearish move although somewhat subdued.....will keep shorting and trailing till we get a break of the M15 200 ema....
Wash rinse and repeat......
4&1 All Time Profit: $37,496
  • #1,409
  • Sep 29, 2019 9:30pm Sep 29, 2019 9:30pm
Morning all
Potential ABCD patterns. Will only be looking short on rally at the mo.... should have short H1 sell zone but unfortunately I was too be busy have no time to watch the market. Hopefully It will pullback to the H1 sell zone agian.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20190928-124154_MetaTrader 4.jpg Size: 571 KB
  • #1,410
  • Sep 29, 2019 10:23pm Sep 29, 2019 10:23pm
Quoting Junibifon
Morning all Potential ABCD patterns. Will only be looking short on rally at the mo.... should have short H1 sell zone but unfortunately I was too be busy have no time to watch the market. Hopefully It will pullback to the H1 sell zone agian. {image}
Agreed!! First tell tale signs will be what happens near the current structural support at the 85 handle.....we keep recycling the H1 sell zone till it ETS invalidated....stress free trading....
4&1 All Time Profit: $37,496
  • #1,411
  • Sep 29, 2019 10:44pm Sep 29, 2019 10:44pm
Quoting Junibifon
Morning all Potential ABCD patterns. Will only be looking short on rally at the mo.... should have short H1 sell zone but unfortunately I was too be busy have no time to watch the market. Hopefully It will pullback to the H1 sell zone agian. {image}
You may get another chance to enter....look what the M15 is doing,
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20190930_054436.png Size: 189 KB
4&1 All Time Profit: $37,496
  • #1,412
  • Sep 29, 2019 10:46pm Sep 29, 2019 10:46pm
Quoting Junibifon
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
Close At BE
  • #1,413
  • Sep 29, 2019 10:58pm Sep 29, 2019 10:58pm
[quote=MzansiObi;12531121]{quote} You may get another chance to enter....look what the M15 is doing, {image}[/quote
Sell limit 1496
H1 sell zone
  • #1,414
  • Sep 29, 2019 11:41pm Sep 29, 2019 11:41pm
[quote=Junibifon;12531128]
Quoting MzansiObi
{quote} You may get another chance to enter....look what the M15 is doing, {image}[/quote Sell limit 1496 H1 sell zone
London also opens in a bit about 2.5 hours so we will see what they're doing too. Les see what the second session does.....
4&1 All Time Profit: $37,496
  • #1,415
  • Sep 30, 2019 1:38am Sep 30, 2019 1:38am
Quoting MzansiObi
{quote} You may get another chance to enter....look what the M15 is doing, {image}
Moving Stops towards the 1490, will look to see if any bounce back up off of the second daily downside level at 1489 and then again 87 to consider going long, would have wanted to get Londo Open out the way before we test these lows....but will give it a long non the less and see, conservative longs from the onset....Trade safe
4&1 All Time Profit: $37,496
  • #1,416
  • Sep 30, 2019 1:45am Sep 30, 2019 1:45am
Long on Gold 1489. Wanted 1488, but missed!
  • #1,417
  • Sep 30, 2019 2:14am Sep 30, 2019 2:14am
Quoting LouiseZA
Long on Gold 1489. Wanted 1488, but missed!
Ja, 88 would have been ideal, but you managed to get on and now you can decide what you do with it, I wanna see if london is indeed buying or this is just a minor pullback before they continue Asia session theme.....bought 89 small lot, all shorts are taken out now......

Just thinking if London buys, then will buy dips with first target being m15 200 EMA, if that doesnt break then will flip back short....
4&1 All Time Profit: $37,496
  • #1,418
  • Sep 30, 2019 2:22am Sep 30, 2019 2:22am
Quoting MzansiObi
{quote} Ja, 88 would have been ideal, but you managed to get on and now you can decide what you do with it, I wanna see if london is indeed buying or this is just a minor pullback before they continue Asia session theme.....bought 89 small lot, all shorts are taken out now...... Just thinking if London buys, then will buy dips with first target being m15 200 EMA, if that doesnt break then will flip back short....
Same here, watching it. Very tight SL in place.
  • #1,419
  • Sep 30, 2019 2:41am Sep 30, 2019 2:41am
Closed Long at London open, but not convinced it's ready for shorting.
  • #1,420
  • Sep 30, 2019 2:41am Sep 30, 2019 2:41am
[quote=Junibifon;12531128]
Quoting MzansiObi
{quote} You may get another chance to enter....look what the M15 is doing, {image}[/quote Sell limit 1496 H1 sell zone
Sell 1492.49
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