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Attachments: 4 + 1 (Metals) strategy
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4 + 1 (Metals) strategy

  • #1,681
  • Oct 4, 2019 4:06am Oct 4, 2019 4:06am
Good Morning Traders,

This is what I'll be looking for today. Don't forget to lock in that profit!

Buy
Open: 1513.3 - TP1 1523.3 - TP2 1533 - TP3 1540 - SL 1502

On the down side.

Sell
Open:1496 - TP1 1484.30 - TP2 1475.16 - TP3 1466.75 - SL 1507

Trade Well.
The more you learn, the more you see
  • #1,682
  • Oct 4, 2019 4:09am Oct 4, 2019 4:09am
Quoting Spirit4eva
Gooday fam!! Gold currently at a downward resistance awaiting NFP report tomorrow. My bias is, if the news comes out positive then this could be the outcome. should be closing all my trades on major pairs before the news. looking forward to trading the news on gold. Who else would be trading the news and whats your strategy like?? Green pips y'all!!! {image}
This is D1 Fam!!
  • #1,683
  • Oct 4, 2019 4:22am Oct 4, 2019 4:22am
So far the forecast is greater than the previous as regards the NFP report.....lets see...]
Who else would be trading the news???
  • #1,684
  • Oct 4, 2019 4:48am Oct 4, 2019 4:48am
Quoting InfinityPip
{quote} Man gold has been playing in 1506-1510 zone for a few hours today and i didnt even get into a trade
Lol yeah bud, eventually one of those levels will give, had some buy dips going earlier but im on the sidelines now for a bit,


Nothing has changed with regards to the outlook. but if youre buying and selling this range my advice would be to lock in profits as and when they present themselves, havent been concerned with selling rallies just been buying dips....
4&1 All Time Profit: $37,496
  • #1,685
  • Oct 4, 2019 5:16am Oct 4, 2019 5:16am
Quoting MzansiObi
{quote} Lol yeah bud, eventually one of those levels will give, had some buy dips going earlier but im on the sidelines now for a bit, Nothing has changed with regards to the outlook. but if youre buying and selling this range my advice would be to lock in profits as and when they present themselves, havent been concerned with selling rallies just been buying dips....
The Fed claims its not doing QE, but last week it's balance sheet expanded by $88.1B. It's grown by $176B in the past 3 weeks. During QE3 at most the Fed's balance grew by $85B per month. So the Fed is buying more than twice as much debt when it's not doing QE than when it was!
  • #1,686
  • Oct 4, 2019 6:23am Oct 4, 2019 6:23am
Quoting Unitedgold
{quote} The Fed claims its not doing QE, but last week it's balance sheet expanded by $88.1B. It's grown by $176B in the past 3 weeks. During QE3 at most the Fed's balance grew by $85B per month. So the Fed is buying more than twice as much debt when it's not doing QE than when it was!
Thanks for the heads up....So how would you look to incorporate that into your trading plan mate?
4&1 All Time Profit: $37,496
  • #1,687
  • Oct 4, 2019 7:37am Oct 4, 2019 7:37am
If we get an hourly close below the m15 200 ema, will cut my losses on the current H1 buy dip..... as we would expose further bearish momentum towards our downside levels......



Trade safe
4&1 All Time Profit: $37,496
  • #1,688
  • Oct 4, 2019 7:41am Oct 4, 2019 7:41am
Quoting MzansiObi
If we get an hourly close below the m15 200 ema, will cut my losses on the current H1 buy dip..... as we would expose further bearish momentum towards our downside levels...... Trade safe
Buying around 1502-1505, with TP at 1508, SL 1499
*edit
closed at 1505, some profit abit loss
  • #1,689
  • Oct 4, 2019 7:45am Oct 4, 2019 7:45am
Quoting InfinityPip
{quote} Buying around 1502-1505, with TP at 1508, SL 1499
first check, we see rejection of m15 200 ema, and now m15 close below it, second check to load more longs is a close above the 1503 mark on an hourly closing basis....
4&1 All Time Profit: $37,496
  • #1,690
  • Oct 4, 2019 7:52am Oct 4, 2019 7:52am
gold is going back to bears, will sell if its a red candle later
  • #1,691
  • Oct 4, 2019 7:54am Oct 4, 2019 7:54am
Quoting InfinityPip
gold is going back to bears, will sell if its a red candle later
patience.
Watch how it closes, couple of minutes to the hourly close....have already outlined my criteria as to what im looking at mate...
4&1 All Time Profit: $37,496
  • #1,692
  • Oct 4, 2019 7:56am Oct 4, 2019 7:56am
Quoting MzansiObi
{quote} first check, we see rejection of m15 200 ema, and now m15 close below it, second check to load more longs is a close above the 1503 mark on an hourly closing basis....
The m15 200 ema is close?
  • #1,693
  • Oct 4, 2019 7:58am Oct 4, 2019 7:58am
Quoting InfinityPip
{quote} The m15 200 ema is close?
the m15 200 ema on the m15 chart.....price closed back above it in the previous m15 candle close, so wanted to see a close above 1503 on the H1 next to confirm further bullish momentum.....
4&1 All Time Profit: $37,496
  • #1,694
  • Oct 4, 2019 8:12am Oct 4, 2019 8:12am
Have a look at this, The H4 has confirmed the bullish cross and prices just dipped into H4 buy zone, but wont buy yet till we get the M15 chart closing above the 200 ema and then back above the 1503 handle....till then we watch ot wait till monday for clarity....


Trade safe.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.rH4Arvo.png Size: 31 KB
4&1 All Time Profit: $37,496
  • #1,695
  • Oct 4, 2019 8:21am Oct 4, 2019 8:21am
Long at 1498, SL at BE and open TP.....up to Mr Powell now. Will see what happens.
1H RSI:5 positive up.
  • #1,696
  • Oct 4, 2019 8:22am Oct 4, 2019 8:22am
Quoting LouiseZA
Long at 1498, SL at BE and open TP.....up to Mr Powell now. Will see what happens. 1H RSI:5 positive up.
Mooi, Keep calm and trust the process.
4&1 All Time Profit: $37,496
  • #1,697
  • Oct 4, 2019 8:22am Oct 4, 2019 8:22am
recession is getting closer and more people are busy buying gold!
hope we see 1519 again
  • #1,698
  • Oct 4, 2019 8:33am Oct 4, 2019 8:33am
Quoting MzansiObi
{quote} Mooi, Keep calm and trust the process.
Out on SL will wait for better entry.
  • #1,699
  • Oct 4, 2019 10:18am Oct 4, 2019 10:18am
Quoting LouiseZA
{quote} Out on SL will wait for better entry.
But Louise, it started lining itself up for further bullishness. I hope you're back in again.....
placing all stops at 1500 level now.
Let's see how the weekly closes
4&1 All Time Profit: $37,496
  • #1,700
  • Oct 4, 2019 10:33am Oct 4, 2019 10:33am
Quoting MzansiObi
{quote} But Louise, it started lining itself up for further bullishness. I hope you're back in again..... placing all stops at 1500 level now. Let's see how the weekly closes
Jip, did get in again, but closed at 1507
Don't want to keep Longs overnight or weekend because of swap fees. Good luck and enjoy the w end.
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