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4 + 1 (Metals) strategy

  • #1,981
  • Oct 17, 2019 3:22am Oct 17, 2019 3:22am
Quoting MzansiObi
Update: 50% of h1 buy trade closed. Stops at BE+ Sell order from potential HnS right shoulder running. {image}
London Sold off and the right hand Shoulder has held up well, immediate target for the HnS pattern lies around our 4th downside level.....
Since Head of structure not invalidated will look to hold current sell order through towards some downside levels, if Price gets there without invalidation of H1 Buy zone, will look to buy again....1480ish

We can keep recycling the zones till it fails.
m15 200 MA becomes the first challenge for bears, need to see a clear close and break below if for further bearish momentum and

Trade Safe
4&1 All Time Profit: $37,496
  • #1,982
  • Oct 17, 2019 4:22am Oct 17, 2019 4:22am
Quoting MzansiObi
{quote} London Sold off and the right hand Shoulder has held up well, immediate target for the HnS pattern lies around our 4th downside level..... Since Head of structure not invalidated will look to hold current sell order through towards some downside levels, if Price gets there without invalidation of H1 Buy zone, will look to buy again....1480ish We can keep recycling the zones till it fails. m15 200 MA becomes the first challenge for bears, need to see a clear close and break below if for further bearish momentum and Trade Safe
m15 200 MA(1487.7) roviding a challenge for bears, so will continue selling rallies and taking partials till it breaks, Trade safe
4&1 All Time Profit: $37,496
  • #1,983
  • Oct 17, 2019 4:29am Oct 17, 2019 4:29am
Quoting MzansiObi
{quote} m15 200 MA(1487.7) roviding a challenge for bears, so will continue selling rallies and taking partials till it breaks, Trade safe
Visual Perspective of M15 chart being capped, But the m5 forming a bit of a wedge and some bullish divergence on the RSI, as such looking to get brief rally and add another short.....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDM5MiddayRev_LI.jpg Size: 766 KB
Click to Enlarge Name: XAUUSDM15Midday_LI.jpg Size: 780 KB
4&1 All Time Profit: $37,496
  • #1,984
  • Oct 17, 2019 4:41am Oct 17, 2019 4:41am
Quoting MzansiObi
{quote} London Sold off and the right hand Shoulder has held up well, immediate target for the HnS pattern lies around our 4th downside level..... Since Head of structure not invalidated will look to hold current sell order through towards some downside levels, if Price gets there without invalidation of H1 Buy zone, will look to buy again....1480ish We can keep recycling the zones till it fails. m15 200 MA becomes the first challenge for bears, need to see a clear close and break below if for further bearish momentum and Trade Safe
1487 broken while busy with previous post, Bears need price to stay below the handle on a closing basis.
Will Load buy trade around 1478 instead of 1480.Remember Immediate target for HnS Target from this morning Sits near 1477 Moving Sell trade stops to 1487....Will watch the rest of PA around Levels now,
4&1 All Time Profit: $37,496
  • #1,985
  • Oct 17, 2019 5:53am Oct 17, 2019 5:53am
First sell position since yesterday closed........looking forward to gold making it lower so that my TP could be hit or atleast BE..........lets see
  • #1,986
  • Oct 17, 2019 6:04am Oct 17, 2019 6:04am
Quoting Marcusv007
Morning Traders, If price Breaks 1491 and holds we could possibly see TP1 1499 ------>TP 1511 on the up!
to support you, so far on H4 gold has lately made lower highs as well as higher lows.....hence the possibility of either a bullish or bearish breakout............wish i l
knew when cos aint ready to watch my chart forever........
lets see though............trade safe
Attached Image (click to enlarge)
Click to Enlarge Name: gold assymetrical.PNG Size: 54 KB
  • #1,987
  • Oct 17, 2019 6:21am Oct 17, 2019 6:21am
Kinda spotted a mini ascending channel in H4.......might be a correction of previous bearish impulse wave........if this break (and maybe retest) isnt fake then we might be looking to going lower to next support........decreased my TP
Attached Image (click to enlarge)
Click to Enlarge Name: gold mini break.PNG Size: 40 KB
  • #1,988
  • Oct 17, 2019 6:27am Oct 17, 2019 6:27am
Quoting Marcusv007
Morning Traders, If price Breaks 1491 and holds we could possibly see TP1 1499 ------>TP 1511 on the up!
Again, abit of sloppy PA, Im on the sides again as the Trailing stop from my sell trade has been taken out, but just off the bat, this close back above the 1487 handle opens us back to more topside, theres another inside pattern being formed.....and i dont like this particularly because although the first pattern got going, it didnt get to its projected target, the M15 seems to be forming a new Inverted Hns Pattern, so will wait on pullbacks now to see if we go long, alternatively, wait on NY open to see if they are buying.......NB...H1 still maintaining its buy zone shape
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15NYopen_LI.jpg Size: 782 KB
4&1 All Time Profit: $37,496
  • #1,989
  • Oct 17, 2019 7:31am Oct 17, 2019 7:31am
from last couple of day XAUUSD trading in the range of $1475-$1500, taking strong support of $1474, H1 formed a symmetrical triangle bullish breakout expected above $1493, if H1 closed above 200EMA i.e. $1493, then we will see upside level of $1516.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 77 KB
  • #1,990
  • Oct 17, 2019 8:00am Oct 17, 2019 8:00am
Gold made a tweezer bottom yesterday..........hmmn............lets see how this goes............
Attached Image (click to enlarge)
Click to Enlarge Name: gold tweezer bottom.PNG Size: 50 KB
  • #1,991
  • Oct 17, 2019 8:02am Oct 17, 2019 8:02am
Quoting Kausar.IA
from last couple of day XAUUSD trading in the range of $1475-$1500, taking strong support of $1474, H1 formed a symmetrical triangle bullish breakout expected above $1493, if H1 closed above 200EMA i.e. $1493, then we will see upside level of $1516. {image}
if you wouldnt be watching your trades, where would you consider placing your stop???
  • #1,992
  • Oct 17, 2019 8:19am Oct 17, 2019 8:19am
Quoting Spirit4eva
Gold made a tweezer bottom yesterday..........hmmn............lets see how this goes............ {image}
Are you buying or selling My ninja?
4&1 All Time Profit: $37,496
  • #1,993
  • Oct 17, 2019 8:24am Oct 17, 2019 8:24am
Quoting Spirit4eva
{quote} if you wouldnt be watching your trades, where would you consider placing your stop???
we will wait for confirmation, still, H1 is not given closing above 200 EMA. Stop-loss can be $1480.
  • #1,994
  • Oct 17, 2019 8:39am Oct 17, 2019 8:39am
Quoting Kausar.IA
{quote} we will wait for confirmation, still, H1 is not given closing above 200 EMA. Stop-loss can be $1480.
Agreed, and PA is currently respecting the current HnS structure is still intact so simply going on that the stop loss just below the head of that structure is intact.....Target for the current pattern sits at 1498(couple of pips away from the third upside level)
4&1 All Time Profit: $37,496
  • #1,995
  • Oct 17, 2019 9:20am Oct 17, 2019 9:20am
Quoting goldgirl
{quote} Optimistic of Brexit outcome make the gold bearish. London is one of the largest Global Gold Exchange Centre
I thought so too. Been waiting for a bigger drop. I still have a sell from yesterday running (1/2 closed out over night for gain, but rest underwater) - entered at 1487.39. Thinking I will look to close the trade if we get anywhere near BE. Bullish move today is counter to what I expected.
If in doubt, paddle out!
  • #1,996
  • Oct 17, 2019 9:45am Oct 17, 2019 9:45am
Quoting SurfsUp
{quote} I thought so too. Been waiting for a bigger drop. I still have a sell from yesterday running (1/2 closed out over night for gain, but rest underwater) - entered at 1487.39. Thinking I will look to close the trade if we get anywhere near BE. Bullish move today is counter to what I expected.
Hey Bud,


Did you miss the inverse HnS we picked up earlier on following the false break?
4&1 All Time Profit: $37,496
  • #1,997
  • Oct 17, 2019 9:56am Oct 17, 2019 9:56am
Quoting MzansiObi
{quote} Hey Bud, Did you miss the inverse HnS we picked up earlier on following the false break?
I saw it only recently as I was gong back through the posts in here. I am trying to decide how / when to best exit. Currently SL at 1498, but debating closing out now and taking my loss. However, looking to minimize. As still a newbie on HnS pattern trades, advice is welcome. Resistance at H1 EMA seems to be roughly holding. So, I guess I am thinking I will have a chance to close out on a dip.
If in doubt, paddle out!
  • #1,998
  • Oct 17, 2019 10:44am Oct 17, 2019 10:44am
Quoting SurfsUp
{quote} I saw it only recently as I was gong back through the posts in here. I am trying to decide how / when to best exit. Currently SL at 1498, but debating closing out now and taking my loss. However, looking to minimize. As still a newbie on HnS pattern trades, advice is welcome. Resistance at H1 EMA seems to be roughly holding. So, I guess I am thinking I will have a chance to close out on a dip.
Understood Bud, the target for that pattern was missed marginally by a couple of pips.....so lets see if we dont get a pullback of sorts now, only two more upside targets to go, and considering PA past couple of sessions, we havent been covering all our tarrgets...So depending on your risk appetite and whether you can whether the storm, hang tight
4&1 All Time Profit: $37,496
  • #1,999
  • Oct 17, 2019 10:50am Oct 17, 2019 10:50am
Quoting Kausar.IA
from last couple of day XAUUSD trading in the range of $1475-$1500, taking strong support of $1474, H1 formed a symmetrical triangle bullish breakout expected above $1493, if H1 closed above 200EMA i.e. $1493, then we will see upside level of $1516. {image}
I'd be happy if we see 1499 tonight? looks possible......, I'd like to close part of this trade.... holding it 2 days now lol
The more you learn, the more you see
  • #2,000
  • Oct 17, 2019 10:59am Oct 17, 2019 10:59am
Quoting Marcusv007
{quote} I'd be happy if we see 1499 tonight? looks possible......, I'd like to close part of this trade.... holding it 2 days now lol
yes, it is expected.

you should maintain intraday stop below $1487.
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