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4 + 1 (Metals) strategy

  • #1,521
  • Oct 1, 2019 7:42am Oct 1, 2019 7:42am
Quoting Junibifon
Sell 1467 SL 1476 TP 1454
Are you seeing what the m15 is doing?
bag some and check if the 1458.20 breaks, still a little more upside to look at, we havent challenged the m15 200 ema so far this week and current structural support holding a little....am sure the H1 will allow you to bag some atleast....
4&1 All Time Profit: $37,496
  • #1,522
  • Oct 1, 2019 7:49am Oct 1, 2019 7:49am
Quoting MzansiObi
{quote} Are you seeing what the m15 is doing? bag some and check if the 1458.20 breaks, still a little more upside to look at, we havent challenged the m15 200 ema so far this week and current structural support holding a little....am sure the H1 will allow you to bag some atleast....
I'm not expecting any meaningful retrace/MA challenge until we hit that 38.2 fibo at 1448, based on technical analysis. Ofcourse if the data coming out later is bad for the USD we might see a rally upwards which will be great for adding to shorts. With China out of the market I see a bearish week
  • #1,523
  • Oct 1, 2019 7:50am Oct 1, 2019 7:50am
Quoting MzansiObi
{quote} Are you seeing what the m15 is doing? bag some and check if the 1458.20 breaks, still a little more upside to look at, we havent challenged the m15 200 ema so far this week and current structural support holding a little....am sure the H1 will allow you to bag some atleast....
Yes saw the m15... however the H1 is screaming short. If we look back H1 is doing very well in this downswing. Additionally it confluence with h1 fib 61.8... so just take short
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  • #1,524
  • Oct 1, 2019 7:52am Oct 1, 2019 7:52am
Quoting Junibifon
{quote} Yes saw the m15... however the H1 is screaming short. Additionally it confluence withi h1 fib 61.8... so just take short {image}
Agreed, the H1 is a sell, the fact that we havent seen the m15 come into play at the moment is the only factor now thats keeping me on the sidelines with the short, just one more tick then ill join you
4&1 All Time Profit: $37,496
  • #1,525
  • Oct 1, 2019 8:12am Oct 1, 2019 8:12am
Just a reminder, as we approaching the the D target. It's advisable to always use SL, especially for the short entry. We should see aggressive long at that levels....
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  • #1,526
  • Oct 1, 2019 9:07am Oct 1, 2019 9:07am
Quoting MzansiObi
{quote} Agreed, the H1 is a sell, the fact that we havent seen the m15 come into play at the moment is the only factor now thats keeping me on the sidelines with the short, just one more tick then ill join you
Seems like we may try and test that m15 200 ema...will load a short on that as soon as price gets near the handle...



Got a buy 1468.8 running now with stops just below the current m15 HnS Head structure.....

Lets see

Trade Safe
4&1 All Time Profit: $37,496
  • #1,527
  • Oct 1, 2019 9:11am Oct 1, 2019 9:11am
Quoting Junibifon
{quote} Move SL to BE
Stopped at BE
  • #1,528
  • Oct 1, 2019 9:16am Oct 1, 2019 9:16am
Quoting Junibifon
{quote} Stopped at BE
Have taken Some off the table stops at entry of this current long now, pending short is waiting now
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4&1 All Time Profit: $37,496
  • #1,529
  • Oct 1, 2019 9:17am Oct 1, 2019 9:17am
so gold was all the while waiting for this news........support turned resistance should be a cool place to join the bears once more.........oops! sigh of relief
  • #1,530
  • Oct 1, 2019 9:18am Oct 1, 2019 9:18am
Quoting Junibifon
{quote} Stopped at BE
Did you take some partial profit on it though?
4&1 All Time Profit: $37,496
  • #1,531
  • Oct 1, 2019 9:26am Oct 1, 2019 9:26am
Quoting MzansiObi
{quote} Have taken Some off the table stops at entry of this current long now, pending short is waiting now {image}
Suppose! Sharp guy
  • #1,532
  • Oct 1, 2019 9:28am Oct 1, 2019 9:28am
Quoting MzansiObi
{quote} Did you take some partial profit on it though?
No, as it was not reach my 1 to 1 risk and rewards ratio. In this trade, as my risk was 90 point, I would only close half position when my profit is 90 point and let the rest run until opposite signals. I only risks 2% per trade, adjusting the lot size accordingly
  • #1,533
  • Oct 1, 2019 9:30am Oct 1, 2019 9:30am
Quoting Junibifon
{quote} No, as it was not reach my 1 to 1 risk and rewards ratio. In this trade, as my risk was 90 point, I would only close half position when my profit is 90 point and let the rest run until opposite signals. I only risks 2% per trade, adjusting the lot size accordingly
Thats good, atleast you didnt loose cash on it though bud....good discipline
4&1 All Time Profit: $37,496
  • #1,534
  • Oct 1, 2019 9:32am Oct 1, 2019 9:32am
was 2$ away on my short TP and this shot up lolll, still expecting 1450 levels to be tested, just later in the week I guess. Forgot to set TP before the data came out, lesson learned!
  • #1,535
  • Oct 1, 2019 9:36am Oct 1, 2019 9:36am
Quoting MzansiObi
{quote} Have taken Some off the table stops at entry of this current long now, pending short is waiting now {image}
still looking for where to actually short from
  • #1,536
  • Oct 1, 2019 9:39am Oct 1, 2019 9:39am
Quoting Spirit4eva
{quote} still looking for where to actually short from
Buy trade still on
  • #1,537
  • Oct 1, 2019 9:42am Oct 1, 2019 9:42am
Quoting Spirit4eva
{quote} still looking for where to actually short from
The H1 Sell zone failed to break lower than the 1458......i wanted to see the test of the m15 200 ema before adding another short, the current H4 sell zone isnt too far off so will take this sell setup and use the buy trade as a hedge to reduce whatever DD there may be should price decide to push on towards the H4 sell zone....

Quoting chasinpips
was 2$ away on my short TP and this shot up lolll, still expecting 1450 levels to be tested, just later in the week I guess. Forgot to set TP before the data came out, lesson learned!
May have another chance to short it though bud...... H4 Sell Zone lower band has now dipped lower towards 1482.37....


Trade Safe
4&1 All Time Profit: $37,496
  • #1,538
  • Oct 1, 2019 9:42am Oct 1, 2019 9:42am
Short @ 1478 with TP @ 1460 and SL to be defined in the next 5 minutes.
  • #1,539
  • Oct 1, 2019 9:50am Oct 1, 2019 9:50am
Quoting MzansiObi
{quote} The H1 Sell zone failed to break lower than the 1458......i wanted to see the test of the m15 200 ema before adding another short, the current H4 sell zone isnt too far off so will take this sell setup and use the buy trade as a hedge to reduce whatever DD there may be should price decide to push on towards the H4 sell zone.... {quote} May have another chance to short it though bud...... H4 Sell Zone lower band has now dipped lower towards 1482.37.... Trade Safe
still holding shorts since 1494 so I feel like I'm safe, might add to that short if we reach H4 sell zone for sure! Just bummed that my TP was 2$ short of that spike so now profits have been cut in half but oh well, it's probably gonna go back down
  • #1,540
  • Oct 1, 2019 10:06am Oct 1, 2019 10:06am
Quoting Spirit4eva
{quote} Buy trade still on
TP hit
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