4 + 1 (Metals) strategy | Page 95 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Simple 5 Min Gold (XAUUSD) Strategy 79 replies

Digamber Shankar PATIL's DSP Candle Strategy 349 replies

Strategy Backtesting Platforms 24 replies

5 Min Gold (XAUUSD) Divergence Strategy 176 replies

M5-Two-Way-Confirmation-Strategy 264 replies

Attachments: 4 + 1 (Metals) strategy
Exit Attachments

4 + 1 (Metals) strategy

  • #1,881
  • Oct 14, 2019 10:16am Oct 14, 2019 10:16am
Quoting MzansiObi
{quote} Im on the sidelines again bud, i wanna see what 1492 does now, H4 sellers have done their Job and pushed it lower, but if it fails to close below 1492 its going to head back up mate....
are you mainly looking at 4HR closes or D1 closes below these levels?
  • #1,882
  • Oct 14, 2019 10:34am Oct 14, 2019 10:34am
Quoting chasinpips
{quote} Top of channel was recently reached though last week, it's possible that we see a bottom test at 1450 before a move up, market seems to be waiting some major developments with US/China or Brexit to take a direction.
Good point. However, trade war truce, tariff may not be lifted. Trump just delays it and buy time for an upperhand in deal discussion. Furthermore, another beginning of financial war between US/China is bracing. US wanna restricts government old-folks retiring fund to invest into China stock market.

The uncertainty of Brexit has been dragging UK economy into the deep valley. Short term wise I don't seems to sharp recovery beyond 1.330. The fundamental don't support it.
  • #1,883
  • Oct 14, 2019 11:39am Oct 14, 2019 11:39am
Quoting chasinpips
{quote} are you mainly looking at 4HR closes or D1 closes below these levels?
Hey Bud, I approach it with a top down approach, so in most instances if trading the H1 signal(Zone) will have a look at how the hourly charts are closing and similarly with the H4. The daily close gives us the guidance in terms of the bigger picture, Hope this clarifies...


But a basic rule of thumb is look at what M15 is printing and where we are relative to the 200 EMA then look at the H1 Zones and H4 Zones Relative to the Intra day levels.... At the end of the day, look at where the daily has closed relative to our intra day levels then go on to calculate the next intra day levels.....Hope this clarifies
4&1 All Time Profit: $37,496
  • #1,884
  • Oct 14, 2019 11:42am Oct 14, 2019 11:42am
Quoting goldgirl
{quote} Good point. However, trade war truce, tariff may not be lifted. Trump just delays it and buy time for an upperhand in deal discussion. Furthermore, another beginning of financial war between US/China is bracing. US wanna restricts government old-folks retiring fund to invest into China stock market. The uncertainty of Brexit has been dragging UK economy into the deep valley. Short term wise I don't seems to sharp recovery beyond 1.330. The fundamental don't support it.
Thanks for the heads up, i would have thought the little bit of news today would have helped it get going abit.....


Will stick around and see how it closes today and look at the Asia open today and see how price begins to fair, Hopefully we can get some decent moves thereabouts

Quoting goldgirl
Fund managers bought alot at 1479+-. We may see 1500+- prior to another drop. Right now the price is very much constrained by the bull flag formation.
Which time frame in particular are you referring to?
4&1 All Time Profit: $37,496
  • #1,885
  • Oct 14, 2019 12:30pm Oct 14, 2019 12:30pm
Quoting MzansiObi
{quote} Thanks for the heads up, i would have thought the little bit of news today would have helped it get going abit..... Will stick around and see how it closes today and look at the Asia open today and see how price begins to fair, Hopefully we can get some decent moves thereabouts {quote} Which time frame in particular are you referring to?
You are welcome. I refer to the daily time frame. It may not close above 1500. But this is the immediate daily resistance. NY session tends to dance up and down abit
  • #1,886
  • Oct 14, 2019 2:34pm Oct 14, 2019 2:34pm
Quoting goldgirl
Good point. However, trade war truce, tariff may not be lifted. Trump just delays it and buy time for an upperhand in deal discussion. Furthermore, another beginning of financial war between US/China is bracing.
I don't think we can count our chickens before they hatch on the US/China trade war. Both sides (although more the US) can be a bit flexible and change positions on a dime if anything doesn't appear to be going in the desired direction. How many false starts / coming soon moments have we had so far in this trade war?
If in doubt, paddle out!
  • #1,887
  • Oct 14, 2019 3:47pm Oct 14, 2019 3:47pm
Bit of a subdued trading day to day,


Tight Range and not much in terms of the daily range so the intra day numbers for Tuesday will be somewhat similar as todays figures.

There is some indecision as the H1 has now flipped bullish to neutral but its capped in the H4 Sell Zone.
Abit more volatility should give more clarity and direction in terms of where price is headed, till we get a clear breakout, will look at taking partial profits along the way and trailing tightly...alternatively, we wait on London open for more volatility.

H1: Neutral to Bullish.
H4: Bearish.



Green Pips all around
4&1 All Time Profit: $37,496
  • #1,888
  • Oct 14, 2019 8:46pm Oct 14, 2019 8:46pm
Quoting SurfsUp
{quote} I don't think we can count our chickens before they hatch on the US/China trade war. Both sides (although more the US) can be a bit flexible and change positions on a dime if anything doesn't appear to be going in the desired direction. How many false starts / coming soon moments have we had so far in this trade war?
Due to trade imbalance, there will be no-end for the political war between US/China. However, this month will be a consolidation month for gold. It will keep ranging till November then only have a massive upside. The fundamental of the current world economy situation will move it. Big recession is coming next year.
  • #1,889
  • Oct 14, 2019 8:47pm Oct 14, 2019 8:47pm
Quoting MzansiObi
Bit of a subdued trading day to day, Tight Range and not much in terms of the daily range so the intra day numbers for Tuesday will be somewhat similar as todays figures. There is some indecision as the H1 has now flipped bullish to neutral but its capped in the H4 Sell Zone. Abit more volatility should give more clarity and direction in terms of where price is headed, till we get a clear breakout, will look at taking partial profits along the way and trailing tightly...alternatively, we wait on London open for more volatility. H1: Neutral to Bullish....
Yesterday, agree. Since it was a bank holiday.
  • #1,890
  • Oct 15, 2019 12:00am Oct 15, 2019 12:00am
Quoting goldgirl
{quote} Yesterday, agree. Since it was a bank holiday.
15/10/19


Bit of a subdued start to the week across all the sessions. The only change thus far in terms of our zones and levels is the H1, it has flipped bullish and the first point of resistance that price needs to overcome is the 1497.80 handle, till then we can keep selling the handle as it coincides with the upper band of the H4 sell zone and look to buy dips from the lower band of the H1 buy zone. The daily close above 1485 still keeps bulls in control as the daily support lies at the 1485 handle, so while price is consolidating, we need to be carefull and manage positions accordingly, as the breakout following such consolidation periods is often times strong...trade safe.


H1: Buy Zone:1491.66 - 1492.89
H4: Sell Zone:1495.27 - 1493.28



Intra day levels:
Upside
1514.13
1505.15
1498.3
1496.32

Downside
1490.86
1485.40
1482.03
1473.44
1476.57
1470.38
4&1 All Time Profit: $37,496
  • #1,891
  • Oct 15, 2019 12:17am Oct 15, 2019 12:17am
Quoting MzansiObi
{quote} 15/10/19 Bit of a subdued start to the week across all the sessions. The only change thus far in terms of our zones and levels is the H1, it has flipped bullish and the first point of resistance that price needs to overcome is the 1497.80 handle, till then we can keep selling the handle as it coincides with the upper band of the H4 sell zone and look to buy dips from the lower band of the H1 buy zone. The daily close above 1485 still keeps bulls in control as the daily support lies at the 1485 handle, so while price is consolidating, we...
I am hedging this pair till clear direction is out. Btw, anyone know when the IMF world growth outlook will be out today? Base on NY time.
  • #1,892
  • Oct 15, 2019 12:47am Oct 15, 2019 12:47am
Quoting goldgirl
{quote} I am hedging this pair till clear direction is out. Btw, anyone know when the IMF world growth outlook will be out today? Base on NY time.
Lols, Im buying low and selling high, small lot sizes so no hedging...

Lets see what LO does, there will be more clarity in terms of the bias for the day.


At this stage i dont care where it goes, it must just move...



Currently long now again

Long
1491.88
SL 1480
TP Open


NB: Small lot sizes till we have more clarity
.

Trade safe
4&1 All Time Profit: $37,496
  • #1,893
  • Oct 15, 2019 1:51am Oct 15, 2019 1:51am
Quoting MzansiObi
{quote} Lols, Im buying low and selling high, small lot sizes so no hedging... Lets see what LO does, there will be more clarity in terms of the bias for the day. At this stage i dont care where it goes, it must just move... Currently long now again Long 1491.88 SL 1480 TP Open NB: Small lot sizes till we have more clarity . Trade safe
I alight the shorting train and board the longing train now. Target and SL remain the same.
  • #1,894
  • Oct 15, 2019 1:57am Oct 15, 2019 1:57am
Quoting goldgirl
{quote} I alight the shorting train and board the longing train now. Target and SL remain the same.
Agreed, Wash Rinse and Repeat the cycle till it stops working....
4&1 All Time Profit: $37,496
  • #1,895
  • Oct 15, 2019 2:35am Oct 15, 2019 2:35am
Heres what id like to see:
to buy more dips with normal lot size

1. London Buys, confirming H1 Buy Zone as valid
2. Current m5 structure holds its shape with the head not being invalidated
3. M15 also plays out the M5 structure and we get a close above 1492.31


Interim stops would then be placed a couple of pips below the head structure, invalidation of this pattern pushes us lower than the weekly open and gives H4 sellers strength...

Just food for thought
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GOLDM5Tuesday_LI.jpg Size: 746 KB
Click to Enlarge Name: GOLDM15Tuesday.png Size: 29 KB
4&1 All Time Profit: $37,496
  • #1,896
  • Oct 15, 2019 2:41am Oct 15, 2019 2:41am
Quoting MzansiObi
Heres what id like to see: to buy more dips with normal lot size 1. London Buys, confirming H1 Buy Zone as valid 2. Current m5 structure holds its shape with the head not being invalidated 3. M15 also plays out the M5 structure and we get a close above 1492.31 Interim stops would then be placed a couple of pips below the head structure, invalidation of this pattern pushes us lower than the weekly open and gives H4 sellers strength... Just food for thought {image} {image}
also worth keeping an eye on UJ.....been moving up nicely off the h1 50 for the past week.....but its at a double top on the daily. If it rejects, gold will shoot.......and vice versa
  • #1,897
  • Oct 15, 2019 2:48am Oct 15, 2019 2:48am
Quoting Jp1
{quote} also worth keeping an eye on UJ.....been moving up nicely off the h1 50 for the past week.....but its at a double top on the daily. If it rejects, gold will shoot.......and vice versa
Totally, lol, youre opening the scope of discussion now, i plotted the UJ chart with this systems settings, and look at what the D chart is showing, so in line with your train of thought, and correlation factors, so long as UJ remains capped by the D1 200 EMA on a daily closing basis, we can expect Gold to look north, but in line with this consolidative phase that most risk averse markets are in, the D1 chart on UJ is flipped Bullish and we can see that the Buy ZOne isnt all to far off, so any rally in Gold may also be limited........For now though we look to ride the momentum (Up or down) on a dialy basis and bank whatever the market gives us....



Green Pips JP
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDailyforJP_LI.jpg Size: 826 KB
4&1 All Time Profit: $37,496
  • #1,898
  • Oct 15, 2019 3:02am Oct 15, 2019 3:02am
Quoting MzansiObi
{quote} Totally, lol, youre opening the scope of discussion now, i plotted the UJ chart with this systems settings, and look at what the D chart is showing, so in line with your train of thought, and correlation factors, so long as UJ remains capped by the D1 200 EMA on a daily closing basis, we can expect Gold to look north, but in line with this consolidative phase that most risk averse markets are in, the D1 chart on UJ is flipped Bullish and we can see that the Buy ZOne isnt all to far off, so any rally in Gold may also be limited........For...
oh dear - am i in trouble!?
Yep - big bull flag on UJ and currently consolidating at the double top....will keep an eye on it and see where it goes. Cheers Obi!
Attached Image (click to enlarge)
Click to Enlarge Name: 26348554-7258-45F7-8F07-8297D197B2F7.jpeg Size: 1.0 MB
  • #1,899
  • Oct 15, 2019 3:26am Oct 15, 2019 3:26am
Quoting Jp1
{quote} oh dear - am i in trouble!? Yep - big bull flag on UJ and currently consolidating at the double top....will keep an eye on it and see where it goes. Cheers Obi! {image}
Lol, not at all bud, its thought provoking and all related to Gold,there arent rigid rules here, so long as the topic and discussion comes back to Gold, we good.



Update:
London Bought, and as such, will look at buying Dips and H1 setups, with confluence around the m15 and m5 charts structure.

Immediate Target 1498 then 1505.16



Trade Safe
4&1 All Time Profit: $37,496
  • #1,900
  • Oct 15, 2019 3:56am Oct 15, 2019 3:56am
Quoting MzansiObi
{quote} Lols, Im buying low and selling high, small lot sizes so no hedging... Lets see what LO does, there will be more clarity in terms of the bias for the day. At this stage i dont care where it goes, it must just move... Currently long now again Long 1491.88 SL 1480 TP Open NB: Small lot sizes till we have more clarity . Trade safe
50% Closed, stops at Entry...Rest running Risk Free
4&1 All Time Profit: $37,496
3 traders viewing now