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4 + 1 (Metals) strategy

  • #1,701
  • Oct 4, 2019 10:51am Oct 4, 2019 10:51am
Quoting LouiseZA
{quote} 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.
Not bad considering that level was resistance for the better part of the week. will continue buying dips anc trailing till m15 closes below the 200 EMA
4&1 All Time Profit: $37,496
  • #1,702
  • Oct 4, 2019 11:19am Oct 4, 2019 11:19am
Quoting LouiseZA
{quote} 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.
Calling it a week........leaving current orders running.
Stops at 1490.......
trade safe.........
4&1 All Time Profit: $37,496
  • #1,703
  • Oct 5, 2019 1:55pm Oct 5, 2019 1:55pm
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!
Hi Unitedgold, where do you get your data from

Cheers

Fader123
  • #1,704
  • Oct 6, 2019 7:00pm Oct 6, 2019 7:00pm
New week
Green pips to everyone
  • #1,705
  • Oct 6, 2019 10:33pm Oct 6, 2019 10:33pm
Quoting MzansiObi
{quote} Calling it a week........leaving current orders running. Stops at 1490....... trade safe.........
It seems like your method can be used on other pairs as well
  • #1,706
  • Oct 7, 2019 1:05am Oct 7, 2019 1:05am
Morning Traders

Bit of a slow start to the week bed ridden with a cold all weekend, but nonetheless we back at it...
We had a "Green Week Last week, with prices tagging the weekly buy area and closing back above the 1500 for the week.

Looking at the daily chart, its neutral, the H1 and H4 are both Bullish as such we continue along the path of buying dips with a cautious outlook till the daily decides which way its going.
Our first clue becomes to look at what London open does and then we look at where prices are relative to our levels and zones.

H1: Buy Zone: 1506.46 - 1505.08
H4: Buy Zone: 1497.95 - 1501.41
D1 Neutral
W1: Buy Zone: 1470.59 - 1416.62





Weekly Levels

Upside
1590.15
1554.82
1531.73
1529.70
1517.47
Downside
1495.98
1471,22
1469.25
1457.02
1433.92
1408.80

Trade safe trade green
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GOLDDaily1007.png Size: 35 KB
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Click to Enlarge Name: GOLDH11007.png Size: 33 KB
4&1 All Time Profit: $37,496
  • #1,707
  • Oct 7, 2019 1:47am Oct 7, 2019 1:47am
Quoting MzansiObi
Morning Traders Bit of a slow start to the week bed ridden with a cold all weekend, but nonetheless we back at it... We had a "Green Week Last week, with prices tagging the weekly buy area and closing back above the 1500 for the week. Looking at the daily chart, its neutral, the H1 and H4 are both Bullish as such we continue along the path of buying dips with a cautious outlook till the daily decides which way its going. Our first clue becomes to look at what London open does and then we look at where prices are relative to our levels and zones....
Intraday Levels(Monday 07/10/19)

Upside
1533.76
1524.77
1517.10
1514.26
1512.35

Downside
1503.61
1499.87
1495.23
1492.35
1489.00
1485.96(Extension Level)
4&1 All Time Profit: $37,496
  • #1,708
  • Oct 7, 2019 1:48am Oct 7, 2019 1:48am
Quoting InfinityPip
{quote} It seems like your method can be used on other pairs as well
Yeah, we can incorporate it to some pairs too but would need to exercise some caution as i havent traded others other than EU and UJ on this method.


Green Pips to you too bud
4&1 All Time Profit: $37,496
  • #1,709
  • Oct 7, 2019 2:36am Oct 7, 2019 2:36am
Wow bear pressure is continue

trap or trend?!
  • #1,710
  • Oct 7, 2019 4:09am Oct 7, 2019 4:09am
Quoting MzansiObi
{quote} Intraday Levels(Monday 07/10/19) Upside 1533.76 1524.77 1517.10 1514.26 1512.35 Downside 1503.61 1499.87 1495.23 1492.35 1489.00 1485.96(Extension Level)
1 Hour sell forming is it? I'm still not used to your method, need more guidance from u teacher
  • #1,711
  • Oct 7, 2019 4:48am Oct 7, 2019 4:48am
Quoting InfinityPip
{quote} 1 Hour sell forming is it? I'm still not used to your method, need more guidance from u teacher
H1 is currently neutral and still looking for more to give clarity bud, But London sold off so will be looking to sell now, towards the lower band of the H4 buy band....

The first good point of sale now would be to sell one of our intra day levels at 1503.78 and look for that lower band on the H4 and see if the h4 buyers kick on...
Trade Safe
4&1 All Time Profit: $37,496
  • #1,712
  • Oct 7, 2019 5:50am Oct 7, 2019 5:50am
Quoting peyman
Wow bear pressure is continue trap or trend?!
Intra day Bias bud, If we just have a look at how price reacted at certain levels we marked out following the London open bias, it seems logical to look at shorting till we get some bullish intent near our next levels to the downside, thats why i mentioned looking at what rice does when it gets to the H4 buy area....
4&1 All Time Profit: $37,496
  • #1,713
  • Oct 7, 2019 6:41am Oct 7, 2019 6:41am
Quoting MzansiObi
{quote} H1 is currently neutral and still looking for more to give clarity bud, But London sold off so will be looking to sell now, towards the lower band of the H4 buy band.... The first good point of sale now would be to sell one of our intra day levels at 1503.78 and look for that lower band on the H4 and see if the h4 buyers kick on... Trade Safe
Moving stops to 1500, will begin buying dips in this h4 buy zone the moment we have a bullish close on an H1 candle...
Trade safe...
4&1 All Time Profit: $37,496
  • #1,714
  • Oct 7, 2019 7:46am Oct 7, 2019 7:46am
Quoting MzansiObi
{quote} Moving stops to 1500, will begin buying dips in this h4 buy zone the moment we have a bullish close on an H1 candle... Trade safe...
strong bears today
  • #1,715
  • Edited 8:14am Oct 7, 2019 7:59am | Edited 8:14am
Quoting InfinityPip
{quote} strong bears today
True bud, everyone continued along with Londons Theme...
They sold and we started seeing prices close below some of our intra day numbers too, but price seems to be stagnating abit here near our H4 buy zone, need to see a green hourly candle to go long here....
4&1 All Time Profit: $37,496
  • #1,716
  • Oct 7, 2019 8:02am Oct 7, 2019 8:02am
Quoting Sunnycliff
{quote} Have been trading Crude for quite a long while. I can come in handy too
https://www.energyexch.com/showthread.php?t=953090

Theres the link of the new system ive been using trading oil and natural gas, as mentioned previously, its relatively new and am working my way around some kinks on it, but the results have been consistent enough for me to share it.....looking forward to your contribution
4&1 All Time Profit: $37,496
  • #1,717
  • Oct 7, 2019 8:29am Oct 7, 2019 8:29am
Quoting MzansiObi
{quote} True bud, everyone continued along with Londons Theme... They sold and we started seeing prices close below some of our intra day numbers too, but price seems to be stagnating abit here near our H4 buy zone, need to see a green hourly candle to go long here....
And there's fed news later too
  • #1,718
  • Oct 7, 2019 8:52am Oct 7, 2019 8:52am
Quoting MzansiObi
{quote} Intraday Levels(Monday 07/10/19) Upside 1533.76 1524.77 1517.10 1514.26 1512.35 Downside 1503.61 1499.87 1495.23 1492.35 1489.00 1485.96(Extension Level)
Our third downside level may be acting as support, looking to see how the hourly closes, if green will begin buying into the H4 buy zone first target at 1500 then 1503
4&1 All Time Profit: $37,496
  • #1,719
  • Oct 7, 2019 10:54am Oct 7, 2019 10:54am
Quoting MzansiObi
Morning Traders Bit of a slow start to the week bed ridden with a cold all weekend, but nonetheless we back at it... We had a "Green Week Last week, with prices tagging the weekly buy area and closing back above the 1500 for the week. Looking at the daily chart, its neutral, the H1 and H4 are both Bullish as such we continue along the path of buying dips with a cautious outlook till the daily decides which way its going. Our first clue becomes to look at what London open does and then we look at where prices are relative to our levels and zones....
Id like to add 1489.22 as another downside level.....and remove 1469.25 from the list pardon me
4&1 All Time Profit: $37,496
  • #1,720
  • Oct 7, 2019 11:16am Oct 7, 2019 11:16am
Quoting MzansiObi
{quote} Id like to add 1489.22 as another downside level.....and remove 1469.25 from the list pardon me
The main reason for that level being added onto our weekly outlook is the possible HnS pattern on the H4 that could play out, the right hand shoulder would have to maintain its shape and PA respect the handle as support for the pattern to play out......so we will monitor that handle should price get there....


Trade Safe
4&1 All Time Profit: $37,496
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