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4 + 1 (Metals) strategy

  • #1,841
  • Oct 11, 2019 6:53am Oct 11, 2019 6:53am
Quoting Spirit4eva
Hope everyone is here??? {image}
expecting gold to have some obstruction at where it is now before figuring out what should be my next move........im however favouring a continued downward tone........lets see
  • #1,842
  • Oct 11, 2019 6:54am Oct 11, 2019 6:54am
Quoting Spirit4eva
{quote} expecting gold to have some obstruction at where it is now before figuring out what should be my next move........im however favouring a continued downward tone........lets see
Meanwhile,, a number of GBP crosses are burst out upward from resistance......
  • #1,843
  • Oct 11, 2019 7:04am Oct 11, 2019 7:04am
Quoting MamounDeb
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 Thank god I had withdrawn most of the profits earlier this month anyways and lost "only" £1300.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.
Firstly, you need to check the trades that you entered, or rather address the reason why you blew the account, address this issue from a top down approach, what were you doing when you were making money and what have you been doing differently?

GBP pairs have always presented the risk associated with Brexit, and you know the Yen is a safe haven so combine the two youre dabbling in murky waters if youre not managing your trades properly.....
But other than that, we will loose some from time to time, the trick is to have more winners than looses...
4&1 All Time Profit: $37,496
  • #1,844
  • Oct 11, 2019 7:09am Oct 11, 2019 7:09am
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
1480 Target achieved, but price stalling abit now at the 1480 target doesnt mean we should buy, just trying to look at PA and make sense of this move....Logical thing now would be to wait and see what NY does and try get a a pullback to join the momentum....


Trade Safe
4&1 All Time Profit: $37,496
  • #1,845
  • Oct 11, 2019 7:09am Oct 11, 2019 7:09am
Quoting MzansiObi
{quote} Firstly, you need to check the trades that you entered, or rather address the reason why you blew the account, address this issue from a top down approach, what were you doing when you were making money and what have you been doing differently? GBP pairs have always presented the risk associated with Brexit, and you know the Yen is a safe haven so combine the two youre dabbling in murky waters if youre not managing your trades properly..... But other than that, we will loose some from time to time, the trick is to have more winners than...
Thank you for this Answer!
I think I lost the money because of a weak mental in the past 2 months. I will go over what you said and trade with low capital to regain confidence and strengthen my mind again.
GL My'man
  • #1,846
  • Oct 11, 2019 7:14am Oct 11, 2019 7:14am
Quoting MzansiObi
{quote} 1480 Target achieved, but price stalling abit now at the 1480 target doesnt mean we should buy, just trying to look at PA and make sense of this move....Logical thing now would be to wait and see what NY does and try get a a pullback to join the momentum.... Trade Safe
So if Ny also has a bearish tone, will look for pullback towards the previous broken weekly number, inline with the system rules for the H1 Sell Zone and join the bear move.......But position size becomes key as its Friday...
Attached Image (click to enlarge)
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4&1 All Time Profit: $37,496
  • #1,847
  • Oct 11, 2019 7:19am Oct 11, 2019 7:19am
Quoting MzansiObi
{quote} 1480 Target achieved, but price stalling abit now at the 1480 target doesnt mean we should buy, just trying to look at PA and make sense of this move....Logical thing now would be to wait and see what NY does and try get a a pullback to join the momentum.... Trade Safe
Thanks for the advice. I was thinking of buying, but will hold out a little longer and see what happens with NY.
If in doubt, paddle out!
  • #1,848
  • Oct 11, 2019 7:30am Oct 11, 2019 7:30am
Quoting SurfsUp
{quote} Thanks for the advice. I was thinking of buying, but will hold out a little longer and see what happens with NY.
No worries bud, think of it this way, it's moved down with ease and momentum and the current h1 setups us still in short mode.... ADR has been covered yes but if we buy, then we need to get confirmation that the 1480 target is support
1. We need to see it retested and hold.
2. some sort of pattern would need to begin forming near the handle ie a series of higher highs and higher lows on our lower charts or inverted head n shoulder setups etc
3.price closing back above some intra day levels that we marked out.....


So for now we remain patient
4&1 All Time Profit: $37,496
  • #1,849
  • Oct 11, 2019 7:39am Oct 11, 2019 7:39am
Quoting MzansiObi
{quote} 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....
I am not expecting much more downside intraday movement, it has also given double top neckline breakout in 4hr, but I will wait for 4 hr closing below the neckline, further consolidation below neckline can continue the bearish trend.
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  • #1,850
  • Oct 11, 2019 7:40am Oct 11, 2019 7:40am
Quoting MzansiObi
{quote} 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....
THis shouldve helped us recognise the false break out....

Yes London Bought, We closed above the m15 200, but look at what price did, it came back below the m15 200 and pulled back into the H1 Sell zone, which was forming the right shoulder on the m15 chart and continued lower, so the top down approach always assists in giving perspective.....

Quoting MamounDeb
{quote} Thank you for this Answer! I think I lost the money because of a weak mental in the past 2 months. I will go over what you said and trade with low capital to regain confidence and strengthen my mind again. GL My'man

I hope you get what i mean by saying, go back and look where things went wrong with a top down approach
Attached Image (click to enlarge)
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4&1 All Time Profit: $37,496
  • #1,851
  • Oct 11, 2019 9:16am Oct 11, 2019 9:16am
Quoting Kausar.IA
{quote} I am not expecting much more downside intraday movement, it has also given double top neckline breakout in 4hr, but I will wait for 4 hr closing below the neckline, further consolidation below neckline can continue the bearish trend. {image}
4 hr given closing below the neckline and continuing its bearish trend. the next support zone can be 1462-1458.
  • #1,852
  • Oct 11, 2019 9:28am Oct 11, 2019 9:28am
Quoting Kausar.IA
{quote} 4 hr given closing below the neckline and continuing its bearish trend. the next support zone can be 1462-1458.
That 1458 handle is the last intra day downside handle......
Just exercise some caution as and when price dips to our intra day targets,
4&1 All Time Profit: $37,496
  • #1,853
  • Oct 11, 2019 11:10am Oct 11, 2019 11:10am
Long 1481

SL
1475
TP Open

Reduced Lot size

Trade safe
4&1 All Time Profit: $37,496
  • #1,854
  • Oct 11, 2019 11:41am Oct 11, 2019 11:41am
Quoting MzansiObi
Long 1481 SL 1475 TP Open Reduced Lot size Trade safe
dear master.can you create 1 telegram group and invite our to join and learn from you
Telegram orderflowbuddy
  • #1,855
  • Oct 11, 2019 12:07pm Oct 11, 2019 12:07pm
Quoting MzansiObi
Long 1481 SL 1475 TP Open Reduced Lot size Trade safe
nice, its working. could you explain a bit your reasoning for this trade ? thank you
  • #1,856
  • Oct 11, 2019 12:10pm Oct 11, 2019 12:10pm
Quoting Tragruel
{quote} nice, its working. could you explain a bit your reasoning for this trade ? thank you
btw, I bought @1477 and closed early on first pullback. My reasoning was just looking for reversion on the daily level (1474.96) with good support and momentum...
  • #1,857
  • Oct 11, 2019 12:12pm Oct 11, 2019 12:12pm
Quoting arulisme
{quote} dear master.can you create 1 telegram group and invite our to join and learn from you
Lol Hey Bud, Im not a master bro, just Obi.....I do have a telegram group, but i am posting over here on the forums lately bro, so feel free to communicate on this platform for more clarity and all, most of the content shared there is also put on here and will be doing that as this is more interactive.

Making it a point to share over here and if not then will also post here...
https://www.energyexch.com/showthrea...3#post12555983


Quoting MzansiObi
Long 1481 SL 1475 TP Open Reduced Lot size Trade safe
Half Closed,Stops at 1482. Will leave a runner running Risk Free.

Calling it a week.
4&1 All Time Profit: $37,496
  • #1,858
  • Oct 11, 2019 12:26pm Oct 11, 2019 12:26pm
Quoting Tragruel
{quote} nice, its working. could you explain a bit your reasoning for this trade ? thank you
Hey Trag, no worries.....

Remember the m15 HnS that i posted earlier following the fake break out? Its target was more or less near the 1480 mark and i pointed that out, that the handle was also near the average range, so when the m5 confirmed the Inverse pattern with the head of that pattern being around our last intra day level i opened a long as there was confluence....Thats why the stop was at 1475(Head), so should it be a false setup, then i dont risk all too much


Its a conservative long as the bearish momentum all too strong and trend for the day has been bearish as per our zones etc......
Hope this makes sense
Attached Image (click to enlarge)
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4&1 All Time Profit: $37,496
  • #1,859
  • Oct 11, 2019 12:31pm Oct 11, 2019 12:31pm
Quoting MzansiObi
{quote} Hey Trag, no worries..... Remember the m15 HnS that i posted earlier following the fake break out? Its target was more or less near the 1480 mark and i pointed that out, that the handle was also near the average range, so when the m5 confirmed the Inverse pattern with the head of that pattern being around our last intra day level i opened a long as there was confluence....Thats why the stop was at 1475(Head), so should it be a false setup, then i dont risk all too much Its a conservative long as the bearish momentum all too strong and trend...
M15 Confirming it again aswell.....Just look at what its busy printing.......

But Err on the side of caution,
4&1 All Time Profit: $37,496
  • #1,860
  • Oct 11, 2019 12:34pm Oct 11, 2019 12:34pm
thank you, make perfect sense. Have a great week-end Obi
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