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4 + 1 (Metals) strategy

  • #1,661
  • Oct 3, 2019 3:48pm Oct 3, 2019 3:48pm
Good morning,
I have been following along here for a month or so and have been getting great results. Thanks MzansiObi!
Attached Image

I am working on an EA that plots all the important levels and alerts when it approaches levels.
I Love an uncluttered chart and this is my attempt at achieving that.
Verticle lines are the EMA zones that change colour if they are buy or sell.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart.PNG Size: 64 KB


Its not quite finished yet, I need to add monthly and weekly pivots.
Let me know any other important levels you would like added, so far I have:

Alerts for horizontal or trend lines drawn on the chart.
Daily pivots and SR.
ADR High and ADR Low
Yesterdays OHLC
Last weeks H/L
Last Months H/L.
Attached Image

Attached Image


Trade Safe!
  • #1,662
  • Oct 3, 2019 3:53pm Oct 3, 2019 3:53pm
Quoting MzansiObi
{quote} Do you mind maybe giving us more descriptive info regarding what youre looking at mate, and also include the timeframe of your analysis etc? Thanks bud
This is a complex analysis.
This is Mr. Glenn Neely method.
In the future I will have more training
  • #1,663
  • Oct 3, 2019 4:59pm Oct 3, 2019 4:59pm
Quoting Moof
Good morning, I have been following along here for a month or so and have been getting great results. Thanks MzansiObi! {image} I am working on an EA that plots all the important levels and alerts when it approaches levels. I Love an uncluttered chart and this is my attempt at achieving that. Verticle lines are the EMA zones that change colour if they are buy or sell. {image} Its not quite finished yet, I need to add monthly and weekly pivots. Let me know any other important levels you would like added, so far I have: Alerts for horizontal or trend...
Glad to hear you have been banking profits too bud.....
Kudos.....thanks for putting this up as an EA.....should be good for backtesting purposes...emphasis on backtesting as I still prefer to manually enter and close trades......

Add the 200 EMAs too to the mix and also the more specifically for the m15, h1 and H4 time frames. Kudos man. We were busy with an EA for backtesting purposes but our limited skills in coding became a shortfall.....


We will discuss the fibo levels later as and when the initial ea is running.....
Thanks for the initiative
4&1 All Time Profit: $37,496
  • #1,664
  • Oct 3, 2019 5:00pm Oct 3, 2019 5:00pm
Quoting MzansiObi
{quote} Glad to hear you have been banking profits too bud..... Kudos.....thanks for putting this up as an EA.....should be good for backtesting purposes...emphasis on backtesting as I still prefer to manually enter and close trades...... Add the 200 EMAs too to the mix and also the more specifically for the m15, h1 and H4 time frames. Kudos man. We were busy with an EA for backtesting purposes but our limited skills in coding became a shortfall..... We will discuss the fibo levels later as and when the initial ea is running..... Thanks for the...
Weekly levels too bud*
4&1 All Time Profit: $37,496
  • #1,665
  • Oct 3, 2019 5:10pm Oct 3, 2019 5:10pm
Quoting MzansiObi
{quote} Glad to hear you have been banking profits too bud..... Kudos.....thanks for putting this up as an EA.....should be good for backtesting purposes...emphasis on backtesting as I still prefer to manually enter and close trades...... Add the 200 EMAs too to the mix and also the more specifically for the m15, h1 and H4 time frames. Kudos man. We were busy with an EA for backtesting purposes but our limited skills in coding became a shortfall..... We will discuss the fibo levels later as and when the initial ea is running..... Thanks for the...
Apologies for not been clearer, ATM it is not intended to be an ea that trades. It is only for alerts and plotting levels on the chart in an neat and tidy way.
The reason it is an EA and not a indicator is because I use fxdreema and it only does EAs.
Having said that, All the levels are there so there is no reason we cant come up with some rules and run back tests.
I can almost guarantee that the results wont be profitable in the back test because the element of discretion cant be coded.
Howener it would be useful for finding the best probability's.
  • #1,666
  • Oct 3, 2019 11:17pm Oct 3, 2019 11:17pm
Good morning everyone

Gold pivot for today :
R2: 1530
R1: 1517
PP: 1506
S1: 1493
S2: 1482
Beginners Luck
  • #1,667
  • Oct 3, 2019 11:43pm Oct 3, 2019 11:43pm
04//10/19

Morning Traders
The daily close above 1500 is good for the bulls, however we ought to tread carefully as there was some rejection of price to the topside at our intra day levels and weekly levels around the 1517 handle, as such our new range becomes 1505 -1514, just looking at the hourly close.

H1: Buy Zone: 1506.11 - 1503.49
H4: Buy Zone: 1497.45 - 1495.17
Daily: Neutral



Intra Day Levels
Upside
1540.73(Extension Level)
1530.12
1527.31
1521.06
1515.46

Downside
1506.40
1503.91
1496.88
1491.74
1482.68
1487.05




Trade safe
4&1 All Time Profit: $37,496
  • #1,668
  • Oct 4, 2019 12:08am Oct 4, 2019 12:08am
Some charts for some perspective....

H1 and H4 charts with the respective buy zones coupled with an H4 chart outlining weekly levels and where we are relative to those levels.


Trade safe
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GOLDH1041019.png Size: 34 KB
Click to Enlarge Name: GOLDH4041019.png Size: 39 KB
Click to Enlarge Name: GOLDH4410.png Size: 34 KB
4&1 All Time Profit: $37,496
  • #1,669
  • Oct 4, 2019 12:08am Oct 4, 2019 12:08am
Quoting Moof
{quote} Apologies for not been clearer, ATM it is not intended to be an ea that trades. It is only for alerts and plotting levels on the chart in an neat and tidy way. The reason it is an EA and not a indicator is because I use fxdreema and it only does EAs. Having said that, All the levels are there so there is no reason we cant come up with some rules and run back tests. I can almost guarantee that the results wont be profitable in the back test because the element of discretion cant be coded. Howener it would be useful for finding the best probability's....
Understood Bud, looking forward to what you present.
4&1 All Time Profit: $37,496
  • #1,670
  • Oct 4, 2019 12:24am Oct 4, 2019 12:24am
Good day all, green pips to everybody.
Do you guys trade the news?
  • #1,671
  • Oct 4, 2019 12:28am Oct 4, 2019 12:28am
Quoting InfinityPip
Good day all, green pips to everybody. Do you guys trade the news?
I personally dont but i will be aware of them in terms of volatility and look at PA near the calculated levels ...hope this makes sense.....
4&1 All Time Profit: $37,496
  • #1,672
  • Oct 4, 2019 12:40am Oct 4, 2019 12:40am
Quoting MzansiObi
{quote} I personally dont but i will be aware of them in terms of volatility and look at PA near the calculated levels ...hope this makes sense.....

Im still learning your method tho Still havent enter trades using your method. Do you use weekly or daily support resistant? Or both?
  • #1,673
  • Oct 4, 2019 12:44am Oct 4, 2019 12:44am
Quoting MzansiObi
04//10/19 Morning Traders The daily close above 1500 is good for the bulls, however we ought to tread carefully as there was some rejection of price to the topside at our intra day levels and weekly levels around the 1517 handle, as such our new range becomes 1505 -1514, just looking at the hourly close. H1: Buy Zone: 1506.11 - 1503.49 H4: Buy Zone: 1497.45 - 1495.17 Daily: Neutral Intra Day Levels Upside 1540.73(Extension Level) 1530.12 1527.31 1521.06 1515.46 Downside 1506.40 1503.91 1496.88 1491.74 1482.68 1487.05 Trade safe
Ahh i forgot to scroll up to check the levels for today
  • #1,674
  • Oct 4, 2019 12:45am Oct 4, 2019 12:45am
Quoting MzansiObi
Been working on another strategy for oil and natural gas over the past couple of days, will be uploading that online over the weekend, just for those that may be interested, will look to trade mostly gold and some energy stocks throughout till the end of the current year.....not to say i wont look at FX pairs though. Just thought one should give these strategies the attention and time they deserve and see how they do....will post links over here as soon as i have done so... Just thought id let you guys know....
Have been trading Crude for quite a long while. I can come in handy too
  • #1,675
  • Oct 4, 2019 12:45am Oct 4, 2019 12:45am
Quoting InfinityPip
Good day all, green pips to everybody. Do you guys trade the news?
Also don't trade the news, but as MzanziObi said, aware of it. Most times it overreacts to news and corrects to normal levels.
NFP and with Fed's speaking afterwards will be very volatile!
  • #1,676
  • Oct 4, 2019 12:49am Oct 4, 2019 12:49am
Quoting Sunnycliff
{quote} Have been trading Crude for quite a long while. I can come in handy too
There we go!!!!! will look forward to your posts and input
4&1 All Time Profit: $37,496
  • #1,677
  • Oct 4, 2019 12:50am Oct 4, 2019 12:50am
Quoting InfinityPip
{quote} Im still learning your method tho Still havent enter trades using your method. Do you use weekly or daily support resistant? Or both?
We make use of Both Bud, the weekly levels give the greater structure while the daily combined with other levels helps us during the day with our trading...
4&1 All Time Profit: $37,496
  • #1,678
  • Oct 4, 2019 1:39am Oct 4, 2019 1:39am
Quoting MzansiObi
{quote} We make use of Both Bud, the weekly levels give the greater structure while the daily combined with other levels helps us during the day with our trading...
Ahh i see...
  • #1,679
  • Oct 4, 2019 2:58am Oct 4, 2019 2:58am
Update: London has bought and will continue looking for Buy dips as per the H1 buy zone with stops below around 1498.
Simply speaking, everything pointing up, above daily open, above some emas and H1 is in buy mode...


Trade safe.
4&1 All Time Profit: $37,496
  • #1,680
  • Oct 4, 2019 4:04am Oct 4, 2019 4:04am
Quoting MzansiObi
Update: London has bought and will continue looking for Buy dips as per the H1 buy zone with stops below around 1498. Simply speaking, everything pointing up, above daily open, above some emas and H1 is in buy mode... Trade safe.
Man gold has been playing in 1506-1510 zone for a few hours today and i didnt even get into a trade
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