4 + 1 (Metals) strategy | Page 99 | 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

  • #1,961
  • Oct 16, 2019 10:23am Oct 16, 2019 10:23am
Still on my sell on H4......done all my analysis.....outlook still looks bearish........just finalized on where to keep my stops.........so that i wouldnt have to keep watching my chart since for the now im not one of the market makers...........lets see......trade safe y'all.......
  • #1,962
  • Oct 16, 2019 10:26am Oct 16, 2019 10:26am
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 actually is the beige book announcement???
  • #1,963
  • Oct 16, 2019 12:49pm Oct 16, 2019 12:49pm
From H4 price @ 61.8 fib level........dunno if price wants to do a 100% retracement??
lets see
  • #1,964
  • Oct 16, 2019 8:59pm Oct 16, 2019 8:59pm
17/10/19

As mentioned yesterday, daily close above 1485 handle gives bulls some room to go higher.

We are still below weekly open and pivot, but a push up towards said levels from these lows can't be ruled out.
Interim support now sits at yesterday's first intraday downside level at 1476/7.

Price action was somewhat sloppy yesterday in that the strong rejection from the intra day support failed to get us closing above 1490 handle......we were capped by the H1 200 EMA and it's posing a challenge for price at the moment. A close above and retest of the level as support will expose the upper band of the intra day and weekly levels

H1 flippedbullish :zone:1487 -1488.18
H4 still bearish : zone: 1490.47 -1487.81
D1 Bearish to neutral: zone: 1493.64 -1495.99

Intra day levels for today
Upside
1509.88
1501.1
1497.88
1495.16
1491.73
Downside
1487.31
1484.34
1480.63
1477.20
1471.65
4&1 All Time Profit: $37,496
  • #1,965
  • Oct 16, 2019 9:00pm Oct 16, 2019 9:00pm
Quoting Spirit4eva
From H4 price @ 61.8 fib level........dunno if price wants to do a 100% retracement?? lets see
Try and post a chart with these levels so we can get a better understanding for reference bud
4&1 All Time Profit: $37,496
  • #1,966
  • Oct 16, 2019 9:44pm Oct 16, 2019 9:44pm
Quoting MzansiObi
17/10/19 As mentioned yesterday, daily close above 1485 handle gives bulls some room to go higher. We are still below weekly open and pivot, but a push up towards said levels from these lows can't be ruled out. Interim support now sits at yesterday's first intraday downside level at 1476/7. Price action was somewhat sloppy yesterday in that the strong rejection from the intra day support failed to get us closing above 1490 handle......we were capped by the H1 200 EMA and it's posing a challenge for price at the moment. A close above and retest of...

H1, We can see the strong rejection from the current resistance zone with the bearish rejection back towards the H1 Buy Zone
H4, is back in Sell territory and stochs are slowly but surely getting ready to point us lower, RSI has an upward to sideways shaped movement about it so will expect some consolidation near the H4 Sell zone before it decides what its doing
D1 we can see the small sell zone structure thats beginning to shape out....

SO give or take what London Does, the idea seems in line to buy dips in the H1 buy zone towards range resistance and see if the H4 Sellers can kick on....


Trade safe
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDDailyZones_LI.jpg Size: 727 KB
Click to Enlarge Name: XAUUSDH1AsiasRev_LI.jpg Size: 812 KB
Click to Enlarge Name: XAUUSDH4AsiaRev_LI.jpg Size: 797 KB
4&1 All Time Profit: $37,496
  • #1,967
  • Oct 16, 2019 9:49pm Oct 16, 2019 9:49pm
Quoting Spirit4eva
{quote} sorry...what beige book announcement???
Report on the overall economy condition of USA
  • #1,968
  • Oct 16, 2019 9:57pm Oct 16, 2019 9:57pm
Quoting MzansiObi
17/10/19 As mentioned yesterday, daily close above 1485 handle gives bulls some room to go higher. We are still below weekly open and pivot, but a push up towards said levels from these lows can't be ruled out. Interim support now sits at yesterday's first intraday downside level at 1476/7. Price action was somewhat sloppy yesterday in that the strong rejection from the intra day support failed to get us closing above 1490 handle......we were capped by the H1 200 EMA and it's posing a challenge for price at the moment. A close above and retest of...
Optimistic of Brexit outcome make the gold bearish. London is one of the largest Global Gold Exchange Centre
  • #1,969
  • Oct 16, 2019 10:07pm Oct 16, 2019 10:07pm
My view on gold for now on H4,,,,,,,,,,,,if this 61.8 level holds then good for me
Attached Image (click to enlarge)
Click to Enlarge Name: gold fibo.PNG Size: 47 KB
  • #1,970
  • Oct 16, 2019 10:14pm Oct 16, 2019 10:14pm
Quoting goldgirl
{quote} Optimistic of Brexit outcome make the gold bearish. London is one of the largest Global Gold Exchange Centre
Yea! buh to some extent i've barely seen the effect on Brexit on gold's price more like it has on GBP crosses though
  • #1,971
  • Oct 16, 2019 10:15pm Oct 16, 2019 10:15pm
Quoting goldgirl
{quote} Report on the overall economy condition of USA
and you almost scared the heaven out of me as you told me that it was going to be massive
  • #1,972
  • Oct 16, 2019 10:24pm Oct 16, 2019 10:24pm
Quoting goldgirl
{quote} Optimistic of Brexit outcome make the gold bearish. London is one of the largest Global Gold Exchange Centre
Agreed.
Be it the trade deal or brexit talks, or issues in and around Saudi Arabia, something will fuel moves towards or away from our levels, and its the reaction/behaviour in price at the levels that im looking for, if it dips lower, then let them get it lower so that the next set of technicals kick in......the daily RSI divergence from weeks back is currently in play and these handles 1450 -1490 represent the next consolidation phase for the longer term outlook...for now im curious to see what price does in the next 24 hour cycle, broken down into different sessions
4&1 All Time Profit: $37,496
  • #1,973
  • Oct 16, 2019 10:40pm Oct 16, 2019 10:40pm
Quoting MzansiObi
{quote} Agreed. Be it the trade deal or brexit talks, or issues in and around Saudi Arabia, something will fuel moves towards or away from our levels, and its the reaction/behaviour in price at the levels that im looking for, if it dips lower, then let them get it lower so that the next set of technicals kick in......the daily RSI divergence from weeks back is currently in play and these handles 1450 -1490 represent the next consolidation phase for the longer term outlook...for now im curious to see what price does in the next 24 hour cycle, broken...
i do like this part..............something will fuel moves..............
  • #1,974
  • Oct 16, 2019 10:50pm Oct 16, 2019 10:50pm
Saw this somewhere so thought i should put it here.
Happy new day traders.......
Attached Image (click to enlarge)
Click to Enlarge Name: qupte things.PNG Size: 36 KB
  • #1,975
  • Oct 16, 2019 11:10pm Oct 16, 2019 11:10pm
Only time will tell the implication of this H4 pin bar
Attached Image (click to enlarge)
Click to Enlarge Name: gold h4.PNG Size: 45 KB
  • #1,976
  • Oct 17, 2019 12:55am Oct 17, 2019 12:55am
Update: 50% of h1 buy trade closed. Stops at BE+

Sell order from potential HnS right shoulder running.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2019-10-17-07-53-07.png Size: 159 KB
4&1 All Time Profit: $37,496
  • #1,977
  • Oct 17, 2019 12:59am Oct 17, 2019 12:59am
Potential HnS pattern on H1
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20191017_075818.png Size: 186 KB
4&1 All Time Profit: $37,496
  • #1,978
  • Oct 17, 2019 1:30am Oct 17, 2019 1:30am
Morning Obi, I bought the h1 setup but looking to hedge and trail if the H&S pattern/4H ema setup plays out.
  • #1,979
  • Oct 17, 2019 1:53am Oct 17, 2019 1:53am
Quoting Moof
Morning Obi, I bought the h1 setup but looking to hedge and trail if the H&S pattern/4H ema setup plays out.
Morning Moof,


Yeah, its well worth it, to lock in some profit and trail, The sell Hedge isnt a bad idea considering the H4 sellers have been managing to push prices lower this week whenever H1 Buyers push them up....

We in a bit of a new siodeways range at the moment so manage your trades wisely......
4&1 All Time Profit: $37,496
  • #1,980
  • Oct 17, 2019 2:03am Oct 17, 2019 2:03am
Morning Traders, If price Breaks 1491 and holds we could possibly see TP1 1499 ------>TP 1511 on the up!
The more you learn, the more you see
17 traders viewing now