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4 + 1 (Metals) strategy

  • #1,821
  • Oct 10, 2019 11:54pm Oct 10, 2019 11:54pm
11/10/19

Morning Traders,just a recap of what PA did yesterday, we enjoyed buying dips off of the H1 buy zone and got a series of buy setups.
The m15 200 ema handle also provided a couple of bounce and price went on to create a new head and shoulder pattern that managed to keep its shape and the Head of the pattern wasnt able to be broken, as such we reduced bullish outlook and waited for price to break and close below the m15 200 ema. The plan was to begin bying dips as soon as the m15 pattern reached its target at 1492 and then buy dips with the first target towards 1500 and 1503 in extension, we waited for the H1 sell zone to cross over and come within range, it has done so now. The daily close below 1500 mark but above the 1485 handle still keeps bulls in play....without a daily close below 1485 we remain range bound.....

H1 :Bearish: Sell Zone 1496 - 1499.16
H4 : Neutral to Bullish.
D1: Neutral to Bullish.

Intra day levels
Upside
1526.40
1516.51
1512.86
1507.16
1501.05

Downside
1490.63
1484.11
1482.23
1474.96
1458.23


Trade safe and green pips all round
4&1 All Time Profit: $37,496
  • #1,822
  • Oct 11, 2019 12:10am Oct 11, 2019 12:10am
Attached some charts for perspective....
Lets continue the momentum and finish off strong guys
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GOLDH4111019.png Size: 36 KB
Click to Enlarge Name: GOLDH1111019.png Size: 43 KB
4&1 All Time Profit: $37,496
  • #1,823
  • Oct 11, 2019 1:41am Oct 11, 2019 1:41am
Taking first conservative short as per H1 Sell zone.
Its an hour before LO so will be cautious with this one



Short: 1499.63
SL: 1504
TP Open


Trade Safe
4&1 All Time Profit: $37,496
  • #1,824
  • Oct 11, 2019 1:48am Oct 11, 2019 1:48am
Quoting MzansiObi
Taking first conservative short as per H1 Sell zone. Its an hour before LO so will be cautious with this one Short: 1499.63 SL: 1504 TP Open Trade Safe
Why are we on opposite sides this morning? Looked at my chart and thought it can go up to 1504 or even higher This morning.
At the moment have a short running that I thought is risky.
  • #1,825
  • Oct 11, 2019 2:00am Oct 11, 2019 2:00am
Quoting LouiseZA
{quote} Why are we on opposite sides this morning? Looked at my chart and thought it can go up to 1504 or even higher This morning. At the moment have a short running that I thought is risky.
lols, i bought the dip, so this is what i have done bud,


As i mentioned, yesterday i mentioned how if we close below the m15 200 ema, i will wait for price to get into the H1 sell zone and then pull a short, so im just selling off of the H1 sell zone this morning, and price was near that m15 200 EMA......im sure we will soon be on the same side again....
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.rM5Louise.png Size: 20 KB
4&1 All Time Profit: $37,496
  • #1,826
  • Oct 11, 2019 2:06am Oct 11, 2019 2:06am
Quoting MzansiObi
{quote} lols, i bought the dip, so this is what i have done bud, As i mentioned, yesterday i mentioned how if we close below the m15 200 ema, i will wait for price to get into the H1 sell zone and then pull a short, so im just selling off of the H1 sell zone this morning, and price was near that m15 200 EMA......im sure we will soon be on the same side again.... {image}
Im moving that Buy orders trailing stop to 1495..... lets see what london does, if they are selling, then we can also look to continue selling but from the Sell zones and that m15 200 ema, if they buying then ill ditch my short and look to buy dips, but would first wait for price to close back above 1500.52 and any dips towards that handle will then look to buy accordingly.....
4&1 All Time Profit: $37,496
  • #1,827
  • Oct 11, 2019 2:35am Oct 11, 2019 2:35am
Quoting MzansiObi
{quote} Im moving that Buy orders trailing stop to 1495..... lets see what london does, if they are selling, then we can also look to continue selling but from the Sell zones and that m15 200 ema, if they buying then ill ditch my short and look to buy dips, but would first wait for price to close back above 1500.52 and any dips towards that handle will then look to buy accordingly.....
big area right here, round number (1500), m15 200, weekly and h1 200, stochs almost at top, and a nice level from 2 days ago......which ways it gonna go, who knows, nobody knows!
  • #1,828
  • Oct 11, 2019 3:13am Oct 11, 2019 3:13am
Quoting Jp1
{quote} big area right here, round number (1500), m15 200, weekly and h1 200, stochs almost at top, and a nice level from 2 days ago......which ways it gonna go, who knows, nobody knows!
Yeah bud, hence why it was worth a short poke...but London Bought on, so now will look to buy Dips bud, there may be abit of volatility today so will exercise some caution and trail asap....

Quoting LouiseZA
{quote} Why are we on opposite sides this morning? Looked at my chart and thought it can go up to 1504 or even higher This morning. At the moment have a short running that I thought is risky.

Hey Louise, im joining you now mate, will load longs on some dips........


Green Pips
4&1 All Time Profit: $37,496
  • #1,829
  • Oct 11, 2019 4:20am Oct 11, 2019 4:20am
Quoting MzansiObi
{quote} Yeah bud, hence why it was worth a short poke...but London Bought on, so now will look to buy Dips bud, there may be abit of volatility today so will exercise some caution and trail asap.... {quote} Hey Louise, im joining you now mate, will load longs on some dips........ Green Pips
Whats your entry?
  • #1,830
  • Oct 11, 2019 4:28am Oct 11, 2019 4:28am
Quoting MzansiObi
{quote} Yeah bud, hence why it was worth a short poke...but London Bought on, so now will look to buy Dips bud, there may be abit of volatility today so will exercise some caution and trail asap.... {quote} Hey Louise, im joining you now mate, will load longs on some dips........ Green Pips
Will take profit soon and call it a weekend! Market to choppy today.
Good luck.
  • #1,831
  • Oct 11, 2019 4:50am Oct 11, 2019 4:50am
Quoting InfinityPip
{quote} Whats your entry?
I bought 0.5 at 1500 so its in DD, the sell trade stop at 1504 wasnt taken out, have taken some profit from the sell trade, this mornings buy dip trailing SL at 1495 has been taken out, but im looking at the H1 and its forming another pattern....will reduce my lot sizes drastically due to this chopiness
4&1 All Time Profit: $37,496
  • #1,832
  • Oct 11, 2019 4:55am Oct 11, 2019 4:55am
Quoting LouiseZA
{quote} Will take profit soon and call it a weekend! Market to choppy today. Good luck.
This isnt a bad idea either....dont give it back......

I had a pending Short on GBPUSD, forgot about it and it got filled yesterday...its also in Some DD at the moment, i need to focus on my cash cow. You can never go wrong with Gold and oil......
4&1 All Time Profit: $37,496
  • #1,833
  • Oct 11, 2019 4:59am Oct 11, 2019 4:59am
XAUUSD- After trend line breakout 1hr it's consolidating below the trend line in the range of $1490-$1503. further downside can be expected below 1490.
Attached Image (click to enlarge)
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  • #1,834
  • Oct 11, 2019 5:18am Oct 11, 2019 5:18am
Quoting Kausar.IA
XAUUSD- After trend line breakout 1hr it's consolidating below the trend line in the range of $1490-$1503. further downside can be expected below 1490. {image}
Agreed with room to possible downsde.
Its just been a bit difficult to follow PA this morning with some mixed signals etc, just looking at the weekly levels alone, we havent challenged the downside levels,so far its just been the 1494 and 89 handle.......im not all to eager todo much for now, im leaving current trades as is and will see what NY does.....
4&1 All Time Profit: $37,496
  • #1,835
  • Oct 11, 2019 6:38am Oct 11, 2019 6:38am
Closed all Buy trades, just have the 1499.63 sell order running now..... Will trail it and if it gets stopped out will wait to see what PA does

2 buy trades taken out this morning......

Marking 1480.54 as as target for this bear wave....
Trade safely
4&1 All Time Profit: $37,496
  • #1,836
  • Oct 11, 2019 6:42am Oct 11, 2019 6:42am
Oh well, Just blew my account over GJ. Thank god I had withdrawn most of the profits earlier this month anyways and lost "only" £1300.
I have had a Negative month during September And an even worst start to October after 9 months of green.
What would you advise me to do now? Should I take a Break?
Or maybe trade with low capital to get the confidence back?
Blowing the account here is not an issue since I knew I was on Tilt and withdrew most of the money.
How do I get out of this tilt?
Thanks for the help.
  • #1,837
  • Oct 11, 2019 6:46am Oct 11, 2019 6:46am
Quoting MzansiObi
Closed all Buy trades, just have the 1499.63 sell order running now..... Will trail it and if it gets stopped out will wait to see what PA does 2 buy trades taken out this morning...... Marking 1480.54 as as target for this bear wave.... Trade safely
given breakout below 1490 and dollar index are also supporting this bearish breakout.
  • #1,838
  • Oct 11, 2019 6:50am Oct 11, 2019 6:50am
Hope everyone is here???
Attached Image (click to enlarge)
Click to Enlarge Name: golden boot.PNG Size: 45 KB
  • #1,839
  • Oct 11, 2019 6:51am Oct 11, 2019 6:51am
Quoting Spirit4eva
Hope everyone is here??? {image}
100+ pips on this...im them im out
  • #1,840
  • Oct 11, 2019 6:53am Oct 11, 2019 6:53am
Quoting Kausar.IA
{quote} given breakout below 1490 and dollar index are also supporting this bearish breakout.
Definitely, The H1 did give the confirmation sell signal, but that break above the m15 200 EMA and London buying this morning gave us conflicting signals this morning....Well done on riding the bear wave, im watching PA around the levels now....
4&1 All Time Profit: $37,496
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