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4 + 1 (Metals) strategy

  • #1,761
  • Oct 9, 2019 6:02pm Oct 9, 2019 6:02pm
10/10/19.

As things stand, price spent the better part of the trading day capped at the 1509/10 handle, overall bias for the day as per market structure was bullish and the H1 and H4 zones remained intact with prices finding support near 1501 downside level. We cautiously bought dips from the zones and kept scalling out as and when price hit the overhead resistance. Outlook for today remains the same, we keep moving in tandem with price action so long as zones remain intact, and the intra day levels hold and maintain the overall structure.

H1: Bullish: Buy Zone:1505.01- 1507.11
H4: Bullish: Buy Zone:1501.8 - 1504.5
D1;Neutral with Bullish Bias: 1499.43 - 1503.31


Intra day Levels:
Upside
1535.08
1527.83
1523.81
1521.56
1518.12

Downside
1510.35
1505.54
1503.98
1498.22
1492.96



Trade Safe
4&1 All Time Profit: $37,496
  • #1,762
  • Oct 9, 2019 6:14pm Oct 9, 2019 6:14pm
Associated charts for perspective
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GOLDH1101019_LI.jpg Size: 846 KB
Click to Enlarge Name: GOLDH4101019_LI.jpg Size: 784 KB
4&1 All Time Profit: $37,496
  • #1,763
  • Oct 9, 2019 7:13pm Oct 9, 2019 7:13pm
Quoting MzansiObi
Have taken a conservative short at the first weekly level as a bit of a sell hedge to the running long trade from the H1 Buy zone as per previous post. Yesterdays price action struggled to maintain prices above 1509/1510 handle so lets see.... {image}
Stops at Entry for sell trade. Catching some Zzzzzs.
Have a pending buy order on H1 buy zone. Hopefully gets filled..... See you all in a bit
4&1 All Time Profit: $37,496
  • #1,764
  • Oct 9, 2019 7:31pm Oct 9, 2019 7:31pm
H1 buy dip following break and close higher of previous resistance.

Trade safe
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20191010_022840.png Size: 102 KB
4&1 All Time Profit: $37,496
  • #1,765
  • Oct 10, 2019 12:31am Oct 10, 2019 12:31am
H1 had some bear candles today. Still haven't trade tho, waiting for opportunity
  • #1,766
  • Oct 10, 2019 12:36am Oct 10, 2019 12:36am
Quoting InfinityPip
H1 had some bear candles today. Still haven't trade tho, waiting for opportunity
Morning Bud, Yeah just got up to see that prices got rejected and the running buy order got taken out at BE +.
The first weekly upside level has given a decent rejection,
Just worth noting though that the overall market structure is still bullish and that our zones are still intact, best thing to do is to wait it out as you rightfully pointed it out to see what London does.....Trade safe
4&1 All Time Profit: $37,496
  • #1,767
  • Oct 10, 2019 12:46am Oct 10, 2019 12:46am
Hi
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_????????_??????.png Size: 140 KB
  • #1,768
  • Oct 10, 2019 12:49am Oct 10, 2019 12:49am
Quoting mylife
Hi {image}
A bit of clarity please Mylife, what are you looking at?
4&1 All Time Profit: $37,496
  • #1,769
  • Oct 10, 2019 12:56am Oct 10, 2019 12:56am
Quoting MzansiObi
{quote} A bit of clarity please Mylife, what are you looking at?
Buy 1505.5 , 1502
Sl 1500
  • #1,770
  • Oct 10, 2019 12:58am Oct 10, 2019 12:58am
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_????????_??????.png Size: 88 KB
  • #1,771
  • Oct 10, 2019 1:00am Oct 10, 2019 1:00am
10/10/19

Just took a small Long
Long 1504.45
SL 1498
TP Open

just testing the viability of the m15200 ema that happens to be lying at the lower band of H1 buy Zone.
Will look to LO to trade accordingly...
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.rM15101019.png Size: 25 KB
4&1 All Time Profit: $37,496
  • #1,772
  • Oct 10, 2019 1:02am Oct 10, 2019 1:02am
Quoting MzansiObi
10/10/19 Just took a small Long Long 1504.45 SL 1498 TP Open just testing the viability of the m15200 ema that happens to be lying at the lower band of H1 buy Zone. Will look to LO to trade accordingly... {image}
Very good
  • #1,773
  • Oct 10, 2019 1:27am Oct 10, 2019 1:27am
Going down b4 LO
  • #1,774
  • Oct 10, 2019 1:53am Oct 10, 2019 1:53am
Incase anyone missed this,

The link for the strategy for Oil and also Natural Gas....
https://www.energyexch.com/showthrea...6#post12551506.

If they interest you, check it out as live setups and levels posted daily there....

Back to Gold, should the most recent buy order get into profit before London Opens, will look to lock in profits and run risk free to better position trades in line with their bias
4&1 All Time Profit: $37,496
  • #1,775
  • Oct 10, 2019 2:26am Oct 10, 2019 2:26am
Not sure if Im late but i went long at 1570 SL at 1495

Goodluck Guys!
  • #1,776
  • Oct 10, 2019 2:31am Oct 10, 2019 2:31am
Quoting Jeremy1998
Not sure if Im late but i went long at 1570 SL at 1495 Goodluck Guys!
Morning Jerry, Good to see you well bud, im taking it you meant 1507?

Lets see how this hourly candle closes, i closed out my long and wanna see if we have a green hourly close i will look to buy dips again at
1505.54.......trade safe
4&1 All Time Profit: $37,496
  • #1,777
  • Oct 10, 2019 2:34am Oct 10, 2019 2:34am
Quoting MzansiObi
{quote} Morning Jerry, Good to see you well bud, im taking it you meant 1507? Lets see how this hourly candle closes, i closed out my long and wanna see if we have a green hourly close i will look to buy dips again at 1505.54.......trade safe
Good Day to you bud..

Sorry my bad lol.. 1507* ohh okay thats much safer i see...
  • #1,778
  • Oct 10, 2019 2:54am Oct 10, 2019 2:54am
Green pips all, took some long from 1505 to 1510 just now. Indicator still in Buy mode, but price is going down abit after hitting 1510. Will buy again if price hit around 1506-1507.
  • #1,779
  • Oct 10, 2019 3:07am Oct 10, 2019 3:07am
Quoting MzansiObi
{quote} Bit of an update, London buying off of the immediate support zone, thats the next tick that supports the inverted HnS setup outlook, next we need to get some closes above the intra day levels patience needs to be exercised, any buying from here requires proper risk management... Have updated the H4 chart that outlined the Bigger picture of the HnS pattern that played out....price action is busy forming yet another pattern, outlined with the magenta and have attached it for perspective, .....Trade Safe {image}
Just a follow up on our Gold bias and outlook.
The bullish breakout from the HnS we traded earlier this week seems intact so long as we can begin getting more hourly closes above our first weekly level at 1517. Should prices fail to do that, this newly formed pattern on the m15 will see us back at 1492 handle.....trade safe.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: H4 Chart 101019 (2).png Size: 83 KB
Click to Enlarge Name: m15101019 (2).png Size: 72 KB
4&1 All Time Profit: $37,496
  • #1,780
  • Oct 10, 2019 3:10am Oct 10, 2019 3:10am
Quoting InfinityPip
Green pips all, took some long from 1505 to 1510 just now. Indicator still in Buy mode, but price is going down abit after hitting 1510. Will buy again if price hit around 1506-1507.
Hey Bud, yeah,
In line with the chart structure thats still maintained its bullish outlook, will continue looking to buy dips up until we get a clear break and close below 1505.85.
London Bought, our H1 and H4 are still bullish, but just take note of what the m15 chart seems to be doing now....

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