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4 + 1 (Metals) strategy

  • #1,481
  • Sep 30, 2019 10:55am Sep 30, 2019 10:55am
Quoting Junibifon
Today we can call it sweet day especially for Gold market. Has moved as expected... Nite all...
lol!!! are you calling off the fun??
THE party is just starting hommie!!!
C'mon
  • #1,482
  • Sep 30, 2019 10:56am Sep 30, 2019 10:56am
Quoting Spirit4eva
{quote} closed your position???
Yes, has closed all my positions. Will see how is the market doing tomorrow. If pullback will sell on rally. If it touch 1450 area will look to buy opportunity
  • #1,483
  • Sep 30, 2019 10:57am Sep 30, 2019 10:57am
Quoting Spirit4eva
{quote} lol!!! are you calling off the fun?? THE party is just starting hommie!!! C'mon
11 pm at my local time. Time to sleep... lol
  • #1,484
  • Sep 30, 2019 11:02am Sep 30, 2019 11:02am
Still holding on till it retraces above 1475
  • #1,485
  • Sep 30, 2019 11:07am Sep 30, 2019 11:07am
Quoting letsride
1464 appears to be 100% projection of wave c. Could realistically look toward 1456 down. I’d be careful with any entries just incase the multiple days levels broken today are tested and potentially broken vertically. Really though, stay safe. A couple of people I’ve seen today are entering far to much at bizarre points. If you miss out on profit today you miss out on profit today. Don’t burn your account in search of something that may lose considerable steam considerably fast.
Heres a wave count another user shared with me elsewhere, just to give you some perspective on the current wave...
Now, we look at the HnS formation that broke off, and the target is give or take within range.
Lets watch the daily close...
Green Pips to you
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDDailyWaveChart (2).jpg Size: 272 KB
4&1 All Time Profit: $37,496
  • #1,486
  • Sep 30, 2019 11:10am Sep 30, 2019 11:10am
Quoting Junibifon
{quote} Yes, has closed all my positions. Will see how is the market doing tomorrow. If pullback will sell on rally. If it touch 1450 area will look to buy opportunity
alright..closed my pending order
  • #1,487
  • Sep 30, 2019 11:11am Sep 30, 2019 11:11am
Quoting MzansiObi
Current Gold Chart with Weekly levels we highlighted ahead of the trading week.... H1 Sell Zone reached all the Intra day Downside levels....SO will shift the focus to the weekly levels till the close of the NY session. And we work on revised intra day levels for Tuesday.... Trade Safe {image}
Support levels that I have.... 1468.75 then 1453.13
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 192 KB
The more you learn, the more you see
  • #1,488
  • Sep 30, 2019 11:33am Sep 30, 2019 11:33am
Also calling it a day! Green pips to all tomorrow!
  • #1,489
  • Sep 30, 2019 11:37am Sep 30, 2019 11:37am
Quoting Marcusv007
{quote} Support levels that I have.... 1468.75 then 1453.13 {image}
Nice chart bud
4&1 All Time Profit: $37,496
  • #1,490
  • Sep 30, 2019 11:57am Sep 30, 2019 11:57am
Quoting MzansiObi
{quote} Nice chart bud
what bout you bud??? are u calling it off today??
  • #1,491
  • Sep 30, 2019 11:59am Sep 30, 2019 11:59am
Quoting Junibifon
{quote} 11 pm at my local time. Time to sleep... lol
oops!!! which country is that mahn??? still trying to guess!!
  • #1,492
  • Sep 30, 2019 12:07pm Sep 30, 2019 12:07pm
Quoting Spirit4eva
{quote} what bout you bud??? are u calling it off today??
Yeah dont wanna give too much back bro, sold some this morning couple of longs got taken out BE and the last one for a loss....so looking to see how the daily chart closes....


Been an eventful day to say the least...
Trade Safe
4&1 All Time Profit: $37,496
  • #1,493
  • Sep 30, 2019 12:11pm Sep 30, 2019 12:11pm
Quoting MzansiObi
{quote} Yeah dont wanna give too much back bro, sold some this morning couple of longs got taken out BE and the last one for a loss....so looking to see how the daily chart closes.... Been an eventful day to say the least... Trade Safe
yea! indeed eventful hommie!
  • #1,494
  • Sep 30, 2019 1:16pm Sep 30, 2019 1:16pm
gold seems to be retracing now!!! lets see how the Asian folk takes this.....my stand is for price to kinda retest then i later on sell from the broken support turned resistance........lets see
  • #1,495
  • Sep 30, 2019 1:36pm Sep 30, 2019 1:36pm
Quoting Spirit4eva
{quote} yea! indeed eventful hommie!
Agreed Bud, Lets see where the daily candle closes....Im more concerned about the levels now with this thing....
4&1 All Time Profit: $37,496
  • #1,496
  • Edited 8:25pm Sep 30, 2019 7:40pm | Edited 8:25pm
Quoting Junibifon
{quote} If we look at the left side, H4 around 1470 is the nearest support at the moment which is being tested right now
Morning all...
Proved to be true.. 1470 level acted a temporary support. However it will be not wise to take long at this level. Since the ABCD patterns still intact, D target point is 1454. It will be safer to buy at 1454.. For those who want to joint the bears the first resistance level will be 1482...
Stay green all...
  • #1,497
  • Sep 30, 2019 10:41pm Sep 30, 2019 10:41pm
1/10/19

Morning Traders
As things stand D1 support as broken and price has closed lower for the first time in weeks, H1, H4 and now on the daily we inally have a lower high lower low structure playing out, there are a couple of patterns and or structures that seem to suggest bottoming out in the 1450 -1420 range before the structure/price decides on what it wants to do, however, for now, we have our Selll zones clearly defined and also an Rsi thats still pointing to the bottom, so will still look to see what the bug boys do, IE Londons first hour of trading and then have a look at where price is relative to our zones and and intra day levels...trade safe...

H1: Sell Zone:1474.07 - 1480.02
H4: Sell Zone:1487.76 - 1496.32



Intra day Levels
Upside
1529.62{Extension Levels}
1515.05{Extension Levels}
1501.29
1486.80
1492.29
1479.03

Downside
1465.27
1456.77
1443.01
1421.56

Weekly levels still remain valid and intact, and the downside levels that were taken out should still be monitored as and when price tries to rally
To the Bottom we still have three levels to go.....the 1457.55,1445.70 and lastly 1428.30




new month, new possibilities, lets see...
Trade safe
4&1 All Time Profit: $37,496
  • #1,498
  • Sep 30, 2019 11:11pm Sep 30, 2019 11:11pm
Quoting Junibifon
{quote} Morning all... Proved to be true.. 1470 level acted a temporary support. However it will be not wise to take long at this level. Since the ABCD patterns still intact, D target point is 1454. It will be safer to buy at 1454.. For those who want to joint the bears the first resistance level will be 1482... Stay green all...
Morning mahn!! thats if it retraces right???
  • #1,499
  • Sep 30, 2019 11:13pm Sep 30, 2019 11:13pm
Looking at my chart this morning....so wanted to be sure if this is or isn't an engulfing.
Happy new trading y'all!!!
Green pips to you!!!
Attached Image
  • #1,500
  • Sep 30, 2019 11:19pm Sep 30, 2019 11:19pm
Quoting Spirit4eva
Looking at my chart this morning....so wanted to be sure if this is or isn't an engulfing. Happy new trading y'all!!! Green pips to you!!! {image}
No its not, an engulfing bar needs to engulf(Cover) the bar that came before it,
The arrowed candle on the H4 chart is an engulfing bar, and it would suggest bullish intent, but as it was Friday, we could also attribute it to profit taking ahead of the close of the week......Hence why outlook still remained bearish into the D1 support yesterday....
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDH41October_LI.jpg Size: 862 KB
4&1 All Time Profit: $37,496
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