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4 + 1 (Metals) strategy

  • #1,421
  • Sep 30, 2019 2:44am Sep 30, 2019 2:44am
[quote=Junibifon;12531339]
Quoting Junibifon
{quote} Sell 1492.49
SL move Be
  • #1,422
  • Sep 30, 2019 3:07am Sep 30, 2019 3:07am
London Sold off so will look to continue selling rallies now, will wait on some pullbacks for short entries......
A break below 1485 further validates downward move now......
H1 Sell Zone: 1493.65 - 1497.07.
Trailing once in profits will help protect gains should D1 Support hold.

Trade safe
4&1 All Time Profit: $37,496
  • #1,423
  • Sep 30, 2019 3:27am Sep 30, 2019 3:27am
Looking at 4H. 1483 can be possible for today. ???
  • #1,424
  • Sep 30, 2019 3:28am Sep 30, 2019 3:28am
Quoting MzansiObi
London Sold off so will look to continue selling rallies now, will wait on some pullbacks for short entries...... A break below 1485 further validates downward move now...... H1 Sell Zone: 1493.65 - 1497.07. Trailing once in profits will help protect gains should D1 Support hold. Trade safe
lets see if D1 support holds
  • #1,425
  • Sep 30, 2019 3:28am Sep 30, 2019 3:28am
Quoting Spirit4eva
{quote} lets see if D1 support holds
buh i perceive that a fall should be near though.......lets see
  • #1,426
  • Sep 30, 2019 3:31am Sep 30, 2019 3:31am
Quoting Spirit4eva
{quote} buh i perceive that a fall should be near though.......lets see
The other way around, if D1 holds then we cud be looking to join a rally
  • #1,427
  • Sep 30, 2019 3:57am Sep 30, 2019 3:57am
Quoting Spirit4eva
{quote} The other way around, if D1 holds then we cud be looking to join a rally
Agreed, lets see if we get a green m15 candle near that handle and then a close back above 1490. Just worth noting, while we remain in this mini range, will look to continusoly scale out positions and trail stops to avoid getting caught on the wrong end and massive DD
4&1 All Time Profit: $37,496
  • #1,428
  • Sep 30, 2019 4:00am Sep 30, 2019 4:00am
Quoting LouiseZA
Looking at 4H. 1483 can be possible for today. ???
momentum is on the short side...money is safer shorting and we just a couple of pips away from the handle so very plausible....
4&1 All Time Profit: $37,496
  • #1,429
  • Sep 30, 2019 4:06am Sep 30, 2019 4:06am
Quoting MzansiObi
{quote} Agreed, lets see if we get a green m15 candle near that handle and then a close back above 1490. Just worth noting, while we remain in this mini range, will look to continusoly scale out positions and trail stops to avoid getting caught on the wrong end and massive DD
That is what worries me! Expecting a breakout and don't want to be caught on the wrong side! Not at this level.
  • #1,430
  • Sep 30, 2019 4:13am Sep 30, 2019 4:13am
MEHN! the head and shoulder on D1 is more evident than ever.........gold should just fall please......
  • #1,431
  • Sep 30, 2019 4:13am Sep 30, 2019 4:13am
Quoting LouiseZA
{quote} That is what worries me! Expecting a breakout and don't want to be caught on the wrong side! Not at this level.
Buying what has been the base for the longest time isnt a bad idea, so long as you manage the trade well enough to not hold on too long and watch it get into profit and back in to a loss...we have taken a minor buy from the base earlier for minor profits, stops taken out yes...but at BE...Just to be clear, my Bias for the day remains bearish on rallies towards out zones/ levels....these buy dips are counter "bias"
4&1 All Time Profit: $37,496
  • #1,432
  • Sep 30, 2019 4:22am Sep 30, 2019 4:22am
Quoting MzansiObi
{quote} Buying what has been the base for the longest time isnt a bad idea, so long as you manage the trade well enough to not hold on too long and watch it get into profit and back in to a loss...we have taken a minor buy from the base earlier for minor profits, stops taken out yes...but at BE...Just to be clear, my Bias for the day remains bearish on rallies towards out zones/ levels....these buy dips are counter "bias"
If it breaks lower where would u put your stop??
  • #1,433
  • Sep 30, 2019 4:35am Sep 30, 2019 4:35am
Quoting Spirit4eva
MEHN! the head and shoulder on D1 is more evident than ever.........gold should just fall please......
lmao be patient bud....new quarter also beginning so there will be some volatility...

Quoting Spirit4eva
{quote} If it breaks lower where would u put your stop??
if long would look for stops around 1480 to cut my losses, there are still two downside levels inta day wise, the 1486 the the key 1485 and the first weekly number is at 1487, so we watch what it does bud
4&1 All Time Profit: $37,496
  • #1,434
  • Sep 30, 2019 4:39am Sep 30, 2019 4:39am
Quoting MzansiObi
{quote} lmao be patient bud....new quarter also beginning so there will be some volatility... {quote} if long would look for stops around 1480 to cut my losses, there are still two downside levels inta day wise, the 1486 the the key 1485 and the first weekly number is at 1487, so we watch what it does bud
Alright!! mahn
  • #1,435
  • Sep 30, 2019 6:48am Sep 30, 2019 6:48am
Quoting Spirit4eva
{quote} Alright!! mahn
one more Intra day target left to the bottom at 1476 now....Daily range almost reached to the bottom, No more selling on my end now.
Lets watch what NY does in a couple of minutes.....H1 sell zone yielded....
4&1 All Time Profit: $37,496
  • #1,436
  • Sep 30, 2019 7:46am Sep 30, 2019 7:46am
Hope all had a great weekend! First trade of the day / week - long @1484.5. SL at 1480. Looks like the D1 support held - so, pulling for a rally.

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
Letsride, welcome. Nice thread with good advice and discussion. Hope to see you here with further discussion.
If in doubt, paddle out!
  • #1,437
  • Edited 8:35am Sep 30, 2019 8:19am | Edited 8:35am
In half an hour, US data. See if last intraday holds! Have one Long from 1483
If neckline support breaks now, my Long is in trouble.
Looks if the herd is going long on USD, I'm not a herd animal, so will wait a while for more longs on gold.
  • #1,438
  • Sep 30, 2019 8:39am Sep 30, 2019 8:39am
Quoting LouiseZA
In half an hour, US data. See if last intraday holds! Have one Long from 1483 If neckline support breaks now, my Long is in trouble. Looks if the herd is going long on USD, I'm not a herd animal, so will wait a while for more longs on gold.
I am there with you - although long at 1484.5. Support seems to be holding.....by a thread.
If in doubt, paddle out!
  • #1,439
  • Sep 30, 2019 8:42am Sep 30, 2019 8:42am
Quoting LouiseZA
In half an hour, US data. See if last intraday holds! Have one Long from 1483 If neckline support breaks now, my Long is in trouble. Looks if the herd is going long on USD, I'm not a herd animal, so will wait a while for more longs on gold.
lmao.....that time your DP is a hyena...but agreed, lets see what the neckline support does, if it does break, best to use some stops, im also long now at 1482,49, Stops just belo the last intra day level...

Been an eventful Monday.......
Green pips to you bud
4&1 All Time Profit: $37,496
  • #1,440
  • Sep 30, 2019 8:45am Sep 30, 2019 8:45am
Quoting MzansiObi
{quote} lmao.....that time your DP is a hyena...but agreed, lets see what the neckline support does, if it does break, best to use some stops, im also long now at 1482,49, Stops just belo the last intra day level... Been an eventful Monday....... Green pips to you bud
taken some off stops at entry....lets try again......
4&1 All Time Profit: $37,496
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