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4 + 1 (Metals) strategy

  • #2,001
  • Oct 17, 2019 11:11am Oct 17, 2019 11:11am
Quoting Kausar.IA
{quote} yes, it is expected. you should maintain intraday stop below $1487.
Locked in profit @ 1496.35 RSI not giving me the picture I'm looking for.... its good enough. Market was highly liquid today Gosh if it werent for the risk management mindset one has, one could have run riot ..... It will undoubtedly have given many the easy money feel... BUT Big money will return to take it all and more tomorrow Good night for me.
The more you learn, the more you see
  • #2,002
  • Oct 17, 2019 11:23am Oct 17, 2019 11:23am
Quoting Marcusv007
{quote} Locked in profit @ 1496.35 RSI not giving me the picture I'm looking for.... its good enough. Market was highly liquid today Gosh if it werent for the risk management mindset one has, one could have run riot ..... It will undoubtedly have given many the easy money feel... BUT Big money will return to take it all and more tomorrow Good night for me.
100 % agreed,

Take your share, bank it and wait for the next setup...

Market will still be there tomorrow or later, lets see the daily close...
The bigger part o the daily moves may be factored in for now....


Am looking for a pullback to the 1492.87 to look at loading another possible long.....
4&1 All Time Profit: $37,496
  • #2,003
  • Oct 17, 2019 11:54am Oct 17, 2019 11:54am
Quoting MzansiObi
So depending on your risk appetite and whether you can whether the storm, hang tight
Hangin! I've had enough bullish behavior today. Where are those bears?
If in doubt, paddle out!
  • #2,004
  • Oct 17, 2019 1:23pm Oct 17, 2019 1:23pm
Quoting MzansiObi
{quote} Are you buying or selling My ninja?
i bought hommie.........just checked on my pc now....closed in profit though i was expecting a breakout with high momemtum
  • #2,005
  • Oct 17, 2019 1:25pm Oct 17, 2019 1:25pm
Quoting Spirit4eva
Gold made a tweezer bottom yesterday..........hmmn............lets see how this goes............ {image}
i guess it actually went up a little bit though
  • #2,006
  • Oct 17, 2019 1:27pm Oct 17, 2019 1:27pm
Price seems to be in a rectangle as it stands.....though a deeper view will still see it making higher lows.........so a future going short if it does play out to be tangible
Attached Image (click to enlarge)
Click to Enlarge Name: gold range.PNG Size: 48 KB
  • #2,007
  • Oct 17, 2019 2:20pm Oct 17, 2019 2:20pm
Quoting MzansiObi
{quote} 100 % agreed, Take your share, bank it and wait for the next setup... Market will still be there tomorrow or later, lets see the daily close... The bigger part o the daily moves may be factored in for now.... Am looking for a pullback to the 1492.87 to look at loading another possible long.....
Just Loaded the long here, dip has come through after reaching the inverted HnS target.........half normal lot size, H1 Buy Zone has also crept up...


Lets see...

Quoting SurfsUp
{quote} Hangin! I've had enough bullish behavior today. Where are those bears?
The dip came through, what did you end up doing?
4&1 All Time Profit: $37,496
  • #2,008
  • Oct 17, 2019 9:56pm Oct 17, 2019 9:56pm
18/10/19

Morning Traders
Last day of the week, Although PA has been sloppy, it has provided some decent moves all week long from the weekly levels and zones.
H1 Buyers remained in control yesterday following the daily close above the 1485, as mentioned the Daily chart has begun mapping out a sell zone and following yesterdays PA, we managed to sell some H4 sell setups and catch the H1 buy setups which were further validated by the Inverse Head and SHoulder setup that achieved our 1497 target. Given that the H1 is still in positive territory, but it has traded into the D1 sell zone and the H4 remains bearish with a neutral bias, will be looking for possible setups near the D1 sell zone. The H4 remains bearish until a cross over occurs, because its flat, its bearish with a neutral bias


H1: Bullish and Buy:1490.76 - 1492
H4: Bearish to Neutral:1490.63 - 1491.07
D1: Bearish and Sell:1494.10 - 1496.7


Intra day Levels
Upside
1512.13
1504.74
1499.44
1496.16
1492.75

Downside
1490.84
1488.78
1485.55
1482.27
1476.96
1470.46



Green Pips
4&1 All Time Profit: $37,496
  • #2,009
  • Oct 17, 2019 10:01pm Oct 17, 2019 10:01pm
H1 Setup lining itself up for a Head and Shoulders pattern near a key resistance handle.
Confluence of factors near this possible right shoulder...

Lets see how the session opens ahead play out....
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1AMReview_LI.jpg Size: 769 KB
4&1 All Time Profit: $37,496
  • #2,010
  • Oct 17, 2019 10:12pm Oct 17, 2019 10:12pm
XAUUSD

Sell Limit 1494.14
SL 1503
Tp Open


Lets see
4&1 All Time Profit: $37,496
  • #2,011
  • Edited 1:21am Oct 18, 2019 12:57am | Edited 1:21am
Quoting MzansiObi
XAUUSD Sell Limit 1494.14 SL 1503 Tp Open Lets see
I have a feeling later, we may see price rise to 1507 then for a big sell off; but not yet sure of PA (RSI movement here always gives me a heads-up for momentum shift, but one must be listening out for it).... . Will have to wait and see what Big Money is doing today
Green pips to All!!!
The more you learn, the more you see
  • #2,012
  • Oct 18, 2019 1:34am Oct 18, 2019 1:34am
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...
Gold is broken down after all the 'noise' news settled. Brexit may bring gold to 1461-70. My short still hold with SL 1500. Added short at 1496 last night.
  • #2,013
  • Oct 18, 2019 1:49am Oct 18, 2019 1:49am
Quoting goldgirl
{quote} Gold is broken down after all the 'noise' news settled. Brexit may bring gold to 1461-70. My short still hold with SL 1500. Added short at 1496 last night.
Yeah i got a little short but in too from thereabout but already cashed out when it got back to 492....Got another pedning short sitting near yesterdays top, in light of the HnS pattern, so will see if we manage to get filled, given where the daily zone is and PA behavior i too have a short term short bias.... But lets see what kinda mood London is in
4&1 All Time Profit: $37,496
  • #2,014
  • Oct 18, 2019 1:51am Oct 18, 2019 1:51am
Quoting Marcusv007
{quote} I have a feeling later, we may see price rise to 1507 then for a big sell off; but not yet sure of PA (RSI movement here always gives me a heads-up for momentum shift, but one must be listening out for it).... . Will have to wait and see what Big Money is doing today Green pips to All!!!
Nice, so you looking to ride the H1 buy Zone higher bud?

Its still suggesting some upside momentum, but just looking at the current structure, bulls would need to overcome the 1496 handle and that psych level around 1500.....lets have a look at what london may do
4&1 All Time Profit: $37,496
  • #2,015
  • Oct 18, 2019 2:15am Oct 18, 2019 2:15am
Interesting that London session opens with sell in the face of Brexit vote.
  • #2,016
  • Oct 18, 2019 2:18am Oct 18, 2019 2:18am
Quoting LouiseZA
Interesting that London session opens with sell in the face of Brexit vote.
Waiting for the Hourly close, Its dipping without my sell order being filled.....so im a bit of a spectar at the moment, lol, what would really throw a spanner in the works and send us back to the drawing board for today would be if this break below the m15 200 ma goes back up above it to create another inside inverted HnS pattern.....
4&1 All Time Profit: $37,496
  • #2,017
  • Oct 18, 2019 2:23am Oct 18, 2019 2:23am
Bought at 1488.75. SL at BE
Maybe jump the gun, let's see!

Closed with few pips!
  • #2,018
  • Oct 18, 2019 2:52am Oct 18, 2019 2:52am
Quoting MzansiObi
H1 Setup lining itself up for a Head and Shoulders pattern near a key resistance handle. Confluence of factors near this possible right shoulder... Lets see how the session opens ahead play out.... {image}
Update: Target For this setup sits at 1483...a couple of pips above our 1482.27 downside level

If things close with London Selling, then this should be achieved.....
4&1 All Time Profit: $37,496
  • #2,019
  • Oct 18, 2019 6:02am Oct 18, 2019 6:02am
Counting on this HnS move. Sold at 1487.69 and looking at TP around 1483. SL at 1496. Looks like a nice break happening so hopeful!
If in doubt, paddle out!
  • #2,020
  • Oct 18, 2019 6:07am Oct 18, 2019 6:07am
Update:
H1 HnS pattern identified this morning still in play, waiting on PA to tag 1482.1 give or take.
The Inability of price to get back above m15 ema is a good sign for bears.....

Patience becomes key, following the subdued day...
Trade Safe
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15PreNYopen_LI.jpg Size: 782 KB
4&1 All Time Profit: $37,496
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