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4 + 1 (Metals) strategy

  • #1,501
  • Sep 30, 2019 11:26pm Sep 30, 2019 11:26pm
Quoting MzansiObi
{quote} 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.... {image}
Thanks for the clarification mahn!!!
Im also looking forward to joining the bears to push it real down. Lol!!!
  • #1,502
  • Sep 30, 2019 11:33pm Sep 30, 2019 11:33pm
Quoting Spirit4eva
{quote} Thanks for the clarification mahn!!! Im also looking forward to joining the bears to push it real down. Lol!!!
Yeah, but remember nothing is for certain, first things first, i will watch what the big money does and try follow suite relative to the intraday and weekly levels....
4&1 All Time Profit: $37,496
  • #1,503
  • Sep 30, 2019 11:43pm Sep 30, 2019 11:43pm
Quoting Spirit4eva
{quote} Morning mahn!! thats if it retraces right???
Yup, if any pullback to 1482 level will be good to joint the downswing
  • #1,504
  • Oct 1, 2019 1:55am Oct 1, 2019 1:55am
Just to put things into perspective following on the very same chart we have been looking at since September and where we had been identifying these patterns, zones and ideas.....
Just an update on the current structure of Gold following the analysis from last week
The Larger HnS pattern still in play, as we have seen price break lower on the D1 Support....The Right Shoulder of the larger structure also went on to be the head of another HnS pattern that has played out and Reached is target...
The outlook still remains bearish but wont rule out any bullish relief rally as the first target for the inside pattern has been reached...As such will still look to sell rallies intoH1 and H4 Zones....the magenta lines are showing my weekly targets to the downside......
Attached Image (click to enlarge)
Click to Enlarge Name: H4Chart011019 (2).png Size: 98 KB
4&1 All Time Profit: $37,496
  • #1,505
  • Oct 1, 2019 1:56am Oct 1, 2019 1:56am
Quoting MzansiObi
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...
Very well put, great analysis.
The more you learn, the more you see
  • #1,506
  • Oct 1, 2019 1:58am Oct 1, 2019 1:58am
Quoting Marcusv007
{quote} Very well put, great analysis.
Lets make money and manage our positions accordingly.....
4&1 All Time Profit: $37,496
  • #1,507
  • Oct 1, 2019 3:32am Oct 1, 2019 3:32am
It seems to me that most major pairs are ranging......Dollar index at resistance.......back tested today's Dollar news, really had little to no impact on h1.
or is this support is forming hard to break??
  • #1,508
  • Oct 1, 2019 3:33am Oct 1, 2019 3:33am
Quoting Spirit4eva
It seems to me that most major pairs are ranging......Dollar index at resistance.......back tested today's Dollar news, really had little to no impact on h1. or is this support is forming hard to break??
Althogh its not all the time that price retests after a breakout though
  • #1,509
  • Oct 1, 2019 3:43am Oct 1, 2019 3:43am
Quoting Spirit4eva
It seems to me that most major pairs are ranging......Dollar index at resistance.......back tested today's Dollar news, really had little to no impact on h1. or is this support is forming hard to break??
Well Youre correct when you say price doesnt have to do anything per say, just remember we cleared quite a lot of levels to the downside yesterday and previous support turned resistance now held on for quite some time,
London sold off and everything else still pointing to the downside.....(we are below the daily open, weekly open, m15 levels etc) Remember that inside Hns level that formed at the shoulder level of the bigger picture? Price reached its target so some consolidation near a new support handle may slow things down abit...remaining patient becomes key
4&1 All Time Profit: $37,496
  • #1,510
  • Oct 1, 2019 3:53am Oct 1, 2019 3:53am
Quoting MzansiObi
{quote} Well Youre correct when you say price doesnt have to do anything per say, just remember we cleared quite a lot of levels to the downside yesterday and previous support turned resistance now held on for quite some time, London sold off and everything else still pointing to the downside.....(we are below the daily open, weekly open, m15 levels etc) Remember that inside Hns level that formed at the shoulder level of the bigger picture? Price reached its target so some consolidation near a new support handle may slow things down abit...remaining...
Ok! bro.buh looking at it from the point of volume, does it entail that the sellers volume currently is not more than or equal to buyers volume.
I know that consolidation or decrease in volatility most times leads to a major move in either direction
  • #1,511
  • Oct 1, 2019 3:55am Oct 1, 2019 3:55am
Quoting MzansiObi
{quote} Well Youre correct when you say price doesnt have to do anything per say, just remember we cleared quite a lot of levels to the downside yesterday and previous support turned resistance now held on for quite some time, London sold off and everything else still pointing to the downside.....(we are below the daily open, weekly open, m15 levels etc) Remember that inside Hns level that formed at the shoulder level of the bigger picture? Price reached its target so some consolidation near a new support handle may slow things down abit...remaining...
before 2pm GMT you should be out of the market right???
  • #1,512
  • Oct 1, 2019 4:21am Oct 1, 2019 4:21am
Quoting Spirit4eva
{quote} before 2pm GMT you should be out of the market right???
Whats happening then mate? Lol.....did i miss something?
4&1 All Time Profit: $37,496
  • #1,513
  • Oct 1, 2019 4:42am Oct 1, 2019 4:42am
Quoting MzansiObi
{quote} Whats happening then mate? Lol.....did i miss something?
ISM Manufacturing PMI bro
  • #1,514
  • Oct 1, 2019 4:45am Oct 1, 2019 4:45am
Quoting Spirit4eva
{quote} ISM Manufacturing PMI bro
Lol ill still be in bud, either way......if the level is there and the zones check the boxes will enter nonetheless....
4&1 All Time Profit: $37,496
  • #1,515
  • Oct 1, 2019 5:58am Oct 1, 2019 5:58am
Bit of an Update:
For now, marking near term resistance at 1476.21 for the bulls, Will begin loading shorts on the pair thereabouts....Price is currently inside the H1 sell zone, i will wait it out a bit and see if we can't tag the m15 200 ema ....



Trade safe
4&1 All Time Profit: $37,496
  • #1,516
  • Oct 1, 2019 6:29am Oct 1, 2019 6:29am
Hi
Attached Image (click to enlarge)
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  • #1,517
  • Oct 1, 2019 6:32am Oct 1, 2019 6:32am
Quoting mylife
Hi {image}
Hey Bud, Thanks for the input, do you mind sharing what you are looking at? Those look like trendlines/pitchfork? or what?
4&1 All Time Profit: $37,496
  • #1,518
  • Oct 1, 2019 6:33am Oct 1, 2019 6:33am
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_????????_??????.png Size: 95 KB
  • #1,519
  • Oct 1, 2019 7:04am Oct 1, 2019 7:04am
Sell 1467
SL 1476
TP 1454
  • #1,520
  • Oct 1, 2019 7:32am Oct 1, 2019 7:32am
Quoting Junibifon
Sell 1467 SL 1476 TP 1454
Move SL to BE
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