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4 + 1 (Metals) strategy

  • #1,901
  • Oct 15, 2019 4:04am Oct 15, 2019 4:04am
https://www.energyexch.com/showthrea...6#post12560336

Just incase anyone may be interested in oil
4&1 All Time Profit: $37,496
  • #1,902
  • Oct 15, 2019 4:57am Oct 15, 2019 4:57am
Will Continue Buying dips throughout the day leading up to the NY Open.

For now now selling till we get serious bearish momentum.


Trade safe,
See you all around NY Open.
4&1 All Time Profit: $37,496
  • #1,903
  • Oct 15, 2019 5:34am Oct 15, 2019 5:34am
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...
First upside level reached, will use pull backs to load long.

 

  1. Still above weekly open
  2. Above daily open
  3. Above m15 200 EMA
  4. H1 Buy Zone widening
  5. Support around First downside level

Trade Safe

4&1 All Time Profit: $37,496
  • #1,904
  • Oct 15, 2019 7:58am Oct 15, 2019 7:58am
Update:

New Pattern formed on Gold, Not Selling, this H4 sell Zone setup,

Buy Dips Near Current Patterns target.
Will keep buying Dis until H1 buy zone becomes invalidated, Not selling as London Bought on.


Pending Buy Order
1490
SL 1480
TP OPen
Attached Image (click to enlarge)
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4&1 All Time Profit: $37,496
  • #1,905
  • Oct 15, 2019 9:18am Oct 15, 2019 9:18am
Pending order buy

1475.50
tp open
SL 1470
Telegram orderflowbuddy
  • #1,906
  • Oct 15, 2019 9:31am Oct 15, 2019 9:31am
If the 23.6 fibo level at 1482 gives in,and the short term trendline at 1478 possibly, retest of 1460 bottom highly likely. If that breaks then fibo retracement 1448 is very likely. A bounce off either level would lead us to retest the 1500 level which showed a thick layer of resistance and contracts so this gives me an indication that the market wants to go down in the short term. BOL!
  • #1,907
  • Oct 15, 2019 9:34am Oct 15, 2019 9:34am
XAUUSD H4 consolidating below the trendline and taking H4 strong support of 200 EMA. For now, $1474 can be the immediate support,
Possible long-range $1478-1$480 for the target of $1497-1507 with the stop loss of $1470

note: If H4 Close below $1474 then it may test the lower level of $1456
Attached Image (click to enlarge)
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  • #1,908
  • Oct 15, 2019 9:39am Oct 15, 2019 9:39am
Quoting MzansiObi
Update: New Pattern formed on Gold, Not Selling, this H4 sell Zone setup, Buy Dips Near Current Patterns target. Will keep buying Dis until H1 buy zone becomes invalidated, Not selling as London Bought on. Pending Buy Order 1490 SL 1480 TP OPen {image}
Stopped out, Underestimated that m15 bear Pattern...

On the sidelines now. Those H4 Sellers getting their breakout....


Patiently watching 1475/6
4&1 All Time Profit: $37,496
  • #1,909
  • Oct 15, 2019 10:25am Oct 15, 2019 10:25am
Bull take control now.
Telegram orderflowbuddy
  • #1,910
  • Oct 15, 2019 10:51am Oct 15, 2019 10:51am
Quoting Kausar.IA
XAUUSD H4 consolidating below the trendline and taking H4 strong support of 200 EMA. For now, $1474 can be the immediate support, Possible long-range $1478-1$480 for the target of $1497-1507 with the stop loss of $1470 note: If H4 Close below $1474 then it may test the lower level of $1456 {image}
Nice chart there Kausar.
  • #1,911
  • Oct 15, 2019 1:10pm Oct 15, 2019 1:10pm
Gooday fam!!! been trading currencies for a while, buh i've not really seen a symphony though........wanna come back to my first love i.e trading gold only....missed you guys like fire........and by the ways, how many of y'all enjoyed the fall......been selling since friday, was in drawdown till today when it finally hit my TP. since last week ive not using the stop loss order dunno how risky this is......kinda tired wt SL being hit and price finally goes your direction
  • #1,912
  • Oct 15, 2019 1:10pm Oct 15, 2019 1:10pm
Quoting Kausar.IA
XAUUSD H4 consolidating below the trendline ...If H4 Close below $1474 then it may test the lower level of $1456
Not yet. Held above that 1,474 mark. Hoping for some upward momentum!

Any ideas on drivers for the bearish behavior at NY open? I should probably be on the sidelines until I see a strong direction. Looks like support holding around 1480. Went long at 1481. Gotta keep a watch here. Not sure where she's going!
If in doubt, paddle out!
  • #1,913
  • Oct 15, 2019 1:15pm Oct 15, 2019 1:15pm
Quoting SurfsUp
Any ideas on drivers for the bearish behavior at NY open? I should probably be on the sidelines until I see a strong direction. Looks like support holding around 1480. Went long at 1481. Gotta keep a watch here. Not sure where she's going!
Hey Bud,

The M5 and M15 prited a new bearish HnS pattern from the 1497 ish target.
My initial Target for that pattern was at 1488 but the bear momentum just pushed us lower till we found interim support around our next downside level at 1476,
Let me point out i didnt short that setup as i was looking for the buy dip scenarious from the H1
4&1 All Time Profit: $37,496
  • #1,914
  • Oct 15, 2019 1:39pm Oct 15, 2019 1:39pm
Quoting MzansiObi
{quote} Hey Bud, The M5 and M15 prited a new bearish HnS pattern from the 1497 ish target. My initial Target for that pattern was at 1488 but the bear momentum just pushed us lower till we found interim support around our next downside level at 1476, Let me point out i didnt short that setup as i was looking for the buy dip scenarious from the H1
So, are you still treating this as a HnS pattern then with a very steep neckline? Are you expecting another steep drop once it breaks? Or, are you treating this as something else? Looks like we might have another inverted HnS pattern on the M15. I am not used to trading this type of pattern - so I am not sure I am reading it right.
If in doubt, paddle out!
  • #1,915
  • Oct 15, 2019 1:45pm Oct 15, 2019 1:45pm
1482 seems to be forming some resistance on the 15M charts, being right below 2 fibonacci levels (61.8 and 23.8). If daily closes below this level we could see some further sell-off imo
  • #1,916
  • Oct 15, 2019 1:49pm Oct 15, 2019 1:49pm
so far on H4 this is the pattern (i.e falling wedge) that i see price form.
Attached Image (click to enlarge)
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  • #1,917
  • Oct 15, 2019 1:57pm Oct 15, 2019 1:57pm
Quoting Spirit4eva
so far on H4 this is the pattern (i.e falling wedge) that i see price form. {image}
from where price is now, i'll be watching out for the next pattern price tends to creates inside this falling wedge....
safe trading y'all!!
  • #1,918
  • Oct 15, 2019 2:11pm Oct 15, 2019 2:11pm
You guys all convinced me I was nuts! Got out slightly green. Will be on sidelines looking for a better entry point.
If in doubt, paddle out!
  • #1,919
  • Oct 15, 2019 9:34pm Oct 15, 2019 9:34pm
Quoting SurfsUp
{quote} So, are you still treating this as a HnS pattern then with a very steep neckline? Are you expecting another steep drop once it breaks? Or, are you treating this as something else? Looks like we might have another inverted HnS pattern on the M15. I am not used to trading this type of pattern - so I am not sure I am reading it right.
Morning Bud,

Well The Pattern did Play out and the target level was reached and broken. The daily close below 1485 has me closing my longs now aswell for a couple of pips from 1476......Lets see what PA does today....


Trade Safe
4&1 All Time Profit: $37,496
  • #1,920
  • Oct 15, 2019 9:41pm Oct 15, 2019 9:41pm
Quoting Spirit4eva
so far on H4 this is the pattern (i.e falling wedge) that i see price form. {image}
Just keep this in mind too mate, I think the falling wedge pattern also presents a bullish breakout opportunity.....But at the moment price would have to claw its way back above the 1485 handdle on an Hourly closing basis and then back abvve our intra day levels.....


Right now, H1 is a sell and Daily closed below 1485, so further bearishness towards weekly downside levels is on the cards
Attached Image
4&1 All Time Profit: $37,496
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