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4 + 1 (Metals) strategy

  • #1,561
  • Oct 1, 2019 7:26pm Oct 1, 2019 7:26pm
Quoting MzansiObi
2 October 2019 Price managed to retest that neckline area handle. The handle was formally Daily support and the daily close below it has made it interim resistance. Given the daily close below this handle, Still maintaining a bearish outlook to retest the lows again. will exercise patience... Price currently in the H4 sell zone , the first challenge for sellers will be to get below the m15 200 ema... Will update the H1 and H4 Zones later on...... Intra day Levels Upside 1518.54 1502.87 1497.24 1490.38 1485.47 Downside 1474.71 1462.22 1457.31 1446.55...
Thank you MzansiObi, your guidance and expertise are very helpful.
  • #1,562
  • Oct 1, 2019 9:46pm Oct 1, 2019 9:46pm
Quoting Tragruel
{quote} Thank you MzansiObi, your guidance and expertise are very helpful.
Only a pleasure Trag...
4&1 All Time Profit: $37,496
  • #1,563
  • Oct 1, 2019 10:51pm Oct 1, 2019 10:51pm
Quoting MzansiObi
2 October 2019 Price managed to retest that neckline area handle. The handle was formally Daily support and the daily close below it has made it interim resistance. Given the daily close below this handle, Still maintaining a bearish outlook to retest the lows again. will exercise patience... Price currently in the H4 sell zone , the first challenge for sellers will be to get below the m15 200 ema... Will update the H1 and H4 Zones later on...... Intra day Levels Upside 1518.54 1502.87 1497.24 1490.38 1485.47 Downside 1474.71 1462.22 1457.31 1446.55...
Morning Traders....

So price hasnt done much in the past couple of hours, still finding support at the 1476 handle, and as such the H1 still not clearly defined.....

H1: still neutral.
H4: Sell Zone: 1480.12 - 1488.76
D1: Bearish to neutral.

Levels wise, our weekly numbers still acting accordingly and so will look around those to see what and how intra day numbers play out

Would like to see price break lower and retest the 1466 handle but will try and lock in some profit incase this 76 handle is forming an interim base... closing some positions from yesterdays H4 Sell Setups and adjusting stops to entry... till it decides what it wants to do....


Green Pips to you all
4&1 All Time Profit: $37,496
  • #1,564
  • Oct 1, 2019 11:13pm Oct 1, 2019 11:13pm
Quoting MzansiObi
{quote} Hey Bud, nothing special per se, theres no holy grail or anything mate, we just try keep it structured and look for a couple of things(zones.levels and follow the Big boys) other than that it would also be to take what the market gives and try by all means to protect that capital.....


How do you identify zones? and follow the big boys?
big boys are banks right?

I apologize for stupid questions, I really am just new to forex and trying to learn as much as I can.
  • #1,565
  • Oct 1, 2019 11:18pm Oct 1, 2019 11:18pm
Quoting jcsacramento
{quote} How do you identify zones? and follow the big boys? big boys are banks right? I apologize for stupid questions, I really am just new to forex and trying to learn as much as I can.

Hey Bud, no worries, Just have a look at page one of the post and look at the chart settings that we plot onto our charts. They will guide you as to how the zones we look for are identified....Well, yes the big boys are your banks and major fund managers, so we try and take some guidance as to what london does in that first hour of trading or what NY does in their first hour of trading for guidance.....


Green Pips to you bud
4&1 All Time Profit: $37,496
  • #1,566
  • Oct 1, 2019 11:37pm Oct 1, 2019 11:37pm
Sell 1479
SL 1489
First entry TP 1469
Second entry TP open
  • #1,567
  • Oct 2, 2019 1:46am Oct 2, 2019 1:46am
Quoting Junibifon
Sell 1479 SL 1489 First entry TP 1469 Second entry TP open
Move TP to SL
  • #1,568
  • Oct 2, 2019 1:56am Oct 2, 2019 1:56am
Update....
H1 still deciding what it wants to do....PA catching a bit of support for now at the first downside level.
Will wait and see what PA does during that first hour of trading in London Session...
For now bears still have the upper hand as we are still below some stuff.

Some of todays intra day levels to the bottom coincide with weekly levels so will keep an eye on PA as it gets there....
Current H4 Low (1458) is interim support....


Green Pips....
4&1 All Time Profit: $37,496
  • #1,569
  • Oct 2, 2019 2:15am Oct 2, 2019 2:15am
Quoting Junibifon
Sell 1479 SL 1489 First entry TP 1469 Second entry TP open
Stop at BE
  • #1,570
  • Oct 2, 2019 2:43am Oct 2, 2019 2:43am
what does PA mean?
  • #1,571
  • Oct 2, 2019 2:49am Oct 2, 2019 2:49am
Hi
Dow Strong weekly support
Dow buy
So jpy up And gold down
  • #1,572
  • Oct 2, 2019 2:51am Oct 2, 2019 2:51am
Attached Image (click to enlarge)
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  • #1,573
  • Oct 2, 2019 2:51am Oct 2, 2019 2:51am
Quoting jcsacramento
what does PA mean?
Price Action.....
4&1 All Time Profit: $37,496
  • #1,574
  • Oct 2, 2019 2:54am Oct 2, 2019 2:54am
Quoting mylife
Hi Dow Strong weekly support Dow buy So jpy up And gold down
Personal opinion
  • #1,575
  • Oct 2, 2019 2:54am Oct 2, 2019 2:54am
Quoting jcsacramento
what does PA mean?
Price action. Very important to know. Do you know the web site "Baby Pips". It's very helpful to go through it!
  • #1,576
  • Oct 2, 2019 3:06am Oct 2, 2019 3:06am
Have a sell order 1485, it's on the two SMA's on 4H. Going out to a while and don't want to miss the down move.
  • #1,577
  • Oct 2, 2019 3:09am Oct 2, 2019 3:09am
Update,

London Bought as such we look to continue buying dips .... with caution as the H1 zone is still not clearly defined....
H4 sellers still in play but may need to exercise patience as the 1485, (first upside level + neckline of Head n Shoulder pattern) is acting as resistance...
Outlook remains to buy dips towards some of our upside levels and take profits or atleast lock some in up until the H1 defines what its doing as it is more near term.


Green Pips
4&1 All Time Profit: $37,496
  • #1,578
  • Oct 2, 2019 3:28am Oct 2, 2019 3:28am
Bullish flag was broken on h1
price comes to touch near the flag and may jumps up again
If price pass 1485-86 bullish cup and handle activate
USA news comes next couples of hours and may risk aversion push gold up
these are my personal view for buying here
SL 1477.5
Attached Image (click to enlarge)
Click to Enlarge Name: A628E85D-C317-4D10-A093-8CEC0FDAB25D.png Size: 124 KB
  • #1,579
  • Oct 2, 2019 4:34am Oct 2, 2019 4:34am
Please pardon me, this may be not related this thread. I want to create trade explorer, however I can't find my broker in the broker input. My broker is FBS. Is anyone can help me add the FBS to the broker input? Your assistance is much appreciated... thank you
  • #1,580
  • Oct 2, 2019 4:45am Oct 2, 2019 4:45am
Quoting Junibifon
Please pardon me, this may be not related this thread. I want to create trade explorer, however I can't find my broker in the broker input. My broker is FBS. Is anyone can help me add the FBS to the broker input? Your assistance is much appreciated... thank you
i think u need to email that twee / support and give them ur broker details and then they will try and add them for u
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