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4 + 1 (Metals) strategy

  • #1,941
  • Oct 16, 2019 7:42am Oct 16, 2019 7:42am
Quoting MzansiObi
{quote} Yeah Bud, The pending short didnt get filled
Well, now it did unless you cancelled. I had a trade in there too when I saw it rallying. Let's hope the resistance holds.
If in doubt, paddle out!
  • #1,942
  • Oct 16, 2019 7:43am Oct 16, 2019 7:43am
Quoting MzansiObi
XAUUSD Sell Limit 1487.39 TP:OPen SL 1498 Lets See
Have taken a manual short
Buy Hedge Running following the breakout....


Sloppy PA,
The Bounce from the first intra day level isnt convincing,the volume a momentum is somewhat low
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.rM15WedArvo.png Size: 27 KB
4&1 All Time Profit: $37,496
  • #1,943
  • Oct 16, 2019 7:44am Oct 16, 2019 7:44am
Quoting Zeki78
Hello everyone, I'm happy to find this place with a lot of useful informations and trading ideas. I will keep reading for now and maybe later write my own views and ideas.
Welcome Bud, we look forward to your input
4&1 All Time Profit: $37,496
  • #1,944
  • Oct 16, 2019 7:56am Oct 16, 2019 7:56am
Managed to get a buy in around 1478, will be looking to shorting around that 1496 resistance area
  • #1,945
  • Oct 16, 2019 8:03am Oct 16, 2019 8:03am
Quoting chasinpips
Managed to get a buy in around 1478, will be looking to shorting around that 1496 resistance area
Nicely played.
If in doubt, paddle out!
  • #1,946
  • Oct 16, 2019 8:06am Oct 16, 2019 8:06am
Hi
sell 1491 , 1494
sl 1498
tp1 1482
  • #1,947
  • Oct 16, 2019 8:09am Oct 16, 2019 8:09am
Quoting chasinpips
Managed to get a buy in around 1478, will be looking to shorting around that 1496 resistance area
Levels!!!! Hourly managed to close above 1485 so you may get your Short setup


Quoting Moof
Its a bit rough around the edges, but i see a inverted H&S on the 5 min. Worth a stab with a tight stop.{image}
You spotted it bud, just didnt go as planned today, Sloppy PA. Will let current trades run or get taken out, Sell trade stop is at 1498.
4&1 All Time Profit: $37,496
  • #1,948
  • Oct 16, 2019 8:17am Oct 16, 2019 8:17am
Attached Image (click to enlarge)
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  • #1,949
  • Oct 16, 2019 8:27am Oct 16, 2019 8:27am
Quoting MzansiObi
{quote} Update: PA still trading within the range as per our first upside and downside levels, Selling rallies off of H1 sell zone remains ideal up until the h1 sell zone becomes invalidated.....
mahn! i guessed our initial forecast played out............made as costly mistake to place a trade few minutes before CPI release.........so from now henceforth i'll be the one in charge of updating USD daily fundamental reports if approved by you MzansiObi
  • #1,950
  • Oct 16, 2019 8:30am Oct 16, 2019 8:30am
Was long looking for 1499 on this one.... but I'm never shy taking profit, I'd rather lock it in! A bird in the hand is worth two in the bush.
Attached Image (click to enlarge)
Click to Enlarge Name: WhatsApp Image 2019-10-16 at 15.23.20.jpeg Size: 23 KB
The more you learn, the more you see
  • #1,951
  • Oct 16, 2019 8:31am Oct 16, 2019 8:31am
Quoting MzansiObi
16/10/19 Morning Traders As things stand, the range trading we had been in leading up to Yesterdays NY open session has been broken Our Identified target at 1497 was reached but price failed to break and close above that level on an hourly closing basis. The m15 Head and Shoulders pattern that ensued, had a price target at the 1488 handle which was reached and bearish momentum pushed prices even lower, giving prices a daily close below the 1485 handle, This daily close below becomes significant in that ur key time frames and zones are all in bearish...
Quoting mylife
{image}
3 more levels to the upside to go.... although i have a short bias, The Buy Hedge is just in place to give some breathing room incase we continue rallying up.


The Hourly close back above 1485 gives the bulls some room, but will watch PA around the remaining upside levels and most importantly look at the Daily close.

Moof picked up the pattern that hinted at the reversal, but that false close below the head structure, suggesting the pattern is invalid really has me re looking at the chart, my one broker has a clear break and close below it, while the other gapped out .....trying to make sense of it, and the only thing that adds up now, is that the first downside level is key support, but the bears had proper momentum all day leading up to that fake dip....so yeah
4&1 All Time Profit: $37,496
  • #1,952
  • Oct 16, 2019 8:33am Oct 16, 2019 8:33am
Quoting Spirit4eva
{quote} mahn! i guessed our initial forecast played out............made as costly mistake to place a trade few minutes before CPI release.........so from now henceforth i'll be the one in charge of updating USD daily fundamental reports if approved by you MzansiObi
Lol, i will never say no to sharing of info or anything that will help/assist with our Gold trades, no rigid rules here bud
4&1 All Time Profit: $37,496
  • #1,953
  • Oct 16, 2019 8:39am Oct 16, 2019 8:39am
Quoting Marcusv007
Was long looking for 1499 on this one.... but I'm never shy taking profit, I'd rather lock it in! A bird in the hand is worth two in the bush. {image}
Mehn! that was very smart of you mahn!!!
  • #1,954
  • Oct 16, 2019 8:41am Oct 16, 2019 8:41am
Quoting MzansiObi
{quote} {quote} 3 more levels to the upside to go.... although i have a short bias, The Buy Hedge is just in place to give some breathing room incase we continue rallying up. The Hourly close back above 1485 gives the bulls some room, but will watch PA around the remaining upside levels and most importantly look at the Daily close. Moof picked up the pattern that hinted at the reversal, but that false close below the head structure, suggesting the pattern is invalid really has me re looking at the chart, my one broker has a clear break and close...
True mahn!!! and correction almost in sight........
  • #1,955
  • Oct 16, 2019 8:47am Oct 16, 2019 8:47am
Quoting MzansiObi
{quote} Lol, i will never say no to sharing of info or anything that will help/assist with our Gold trades, no rigid rules here bud
Thanks mahn!!!
  • #1,956
  • Oct 16, 2019 9:05am Oct 16, 2019 9:05am
Attention! Attention!! Attention!!!!
Attached Image (click to enlarge)
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  • #1,957
  • Oct 16, 2019 9:07am Oct 16, 2019 9:07am
Quoting Spirit4eva
Attention! Attention!! Attention!!!! {image}
They may however, have little to no impact though......
  • #1,958
  • Oct 16, 2019 9:33am Oct 16, 2019 9:33am
Quoting Spirit4eva
{quote} They may however, have little to no impact though......
No. It will bring great impact especially the beige book announcement. I will exit and change long before beige book news
  • #1,959
  • Oct 16, 2019 9:50am Oct 16, 2019 9:50am
Quoting goldgirl
{quote} No. It will bring great impact especially the beige book announcement. I will exit and change long before beige book news
sorry...what beige book announcement???
  • #1,960
  • Oct 16, 2019 10:00am Oct 16, 2019 10:00am
Quoting Spirit4eva
{quote} sorry...what beige book announcement???
It will happen 3hrs from now.
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