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4 + 1 (Metals) strategy

  • #2,021
  • Oct 18, 2019 6:18am Oct 18, 2019 6:18am
Quoting SurfsUp
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!
great entry bud, just be sure to lock in some profit as there is some hidden bullish divergence that seems to be building up...on the m15 chart....
4&1 All Time Profit: $37,496
  • #2,022
  • Oct 18, 2019 6:30am Oct 18, 2019 6:30am
Buy gold at 1485 target tp 1496
Telegram orderflowbuddy
  • #2,023
  • Oct 18, 2019 6:50am Oct 18, 2019 6:50am
Quoting MzansiObi
{quote} great entry bud, just be sure to lock in some profit as there is some hidden bullish divergence that seems to be building up...on the m15 chart....
I closed out half at 1485 and remaining stopped out at BE+. So, green pips here.
If in doubt, paddle out!
  • #2,024
  • Oct 18, 2019 6:53am Oct 18, 2019 6:53am
Quoting arulisme
Buy gold at 1485 target tp 1496
Looking good at the moment on this one.
If in doubt, paddle out!
  • #2,025
  • Oct 18, 2019 6:55am Oct 18, 2019 6:55am
Quoting SurfsUp
{quote} Looking good at the moment on this one.
set BE. At 1486.hope more bull after ny session open .tayor
Telegram orderflowbuddy
  • #2,026
  • Oct 18, 2019 6:56am Oct 18, 2019 6:56am
Quoting arulisme
Buy gold at 1485 target tp 1496
Lol, nice one.....im more concerned with your SL, where is that placed bud?

Quoting SurfsUp
{quote} I closed out half at 1485 and remaining stopped out at BE+. So, green pips here.

So long as its green pips bud, the hidden bullish divergence has been showing abit, but NY opens in a few and will give more clarity, First line in the sand for the bulls lies by the m15 200 MA, wouldve liked to see price touch the target price at 1482ish
4&1 All Time Profit: $37,496
  • #2,027
  • Oct 18, 2019 7:05am Oct 18, 2019 7:05am
Quoting MzansiObi
First line in the sand for the bulls lies by the m15 200 MA
Testing it as we speak!
If in doubt, paddle out!
  • #2,028
  • Oct 18, 2019 7:14am Oct 18, 2019 7:14am
Just to put things into Perspective,

Our H1 buy zone is in neutral territory and the m15 chart is still showing the Bullish divergence with price looking to go lower while rsi pointing up.
Now given the fact that the the H1 HNS target hasnt been met yet and Price been struggling to close back above the marked m15 MA, we should not rule out further dips towards the downside, if we looking to long, it may be worth waiting for:

 

  1. Price to begin closing back above m15 resistance level or
  2. look to buy near the next downside level which is near the HnS target


Lets see if the currenr hourly candle will give more clarity....
Trade Safe

Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDH1NYOPen_LI.jpg Size: 806 KB
Click to Enlarge Name: XAUUSDM15NyOPen_LI.jpg Size: 775 KB
4&1 All Time Profit: $37,496
  • #2,029
  • Oct 18, 2019 8:10am Oct 18, 2019 8:10am
Quoting SurfsUp
{quote} Testing it as we speak!
Do you see how the close back above the m15 now exposes us to further bullishness?
4&1 All Time Profit: $37,496
  • #2,030
  • Oct 18, 2019 8:18am Oct 18, 2019 8:18am
Long 1489
SL 1480
TP Open


Lets see, last one for the day.....


Trade Safe
4&1 All Time Profit: $37,496
  • #2,031
  • Oct 18, 2019 8:25am Oct 18, 2019 8:25am
Quoting MzansiObi
Long 1489 SL 1480 TP Open Lets see, last one for the day..... Trade Safe
50% closed the rest at entry.....
Lets see....
4&1 All Time Profit: $37,496
  • #2,032
  • Oct 18, 2019 9:42am Oct 18, 2019 9:42am
Quoting MzansiObi
Long 1489 SL 1480 TP Open Lets see, last one for the day..... Trade Safe
Watch - 1494, can hold. But lets see how it goes
Kamunda
  • #2,033
  • Oct 18, 2019 9:51am Oct 18, 2019 9:51am
Quoting Mthombeni
{quote} Watch - 1494, can hold. But lets see how it goes
Bafo, im considering removing my pending short order that didnt get filled this morning.....So long as we keep staying above 1489.69 i will keep buying dips bud....not looking to hold over the weekend so will trail aggresively
4&1 All Time Profit: $37,496
  • #2,034
  • Oct 18, 2019 1:14pm Oct 18, 2019 1:14pm
Quoting MzansiObi
{quote} Do you see how the close back above the m15 now exposes us to further bullishness?
Since I am learning this stuff as I go, I am constantly trying to unpack your explanations. In this case, I understand the idea, but not really the complete rationale.

Quoting MzansiObi
Just to put things into Perspective, Our H1 buy zone is in neutral territory and the m15 chart is still showing the Bullish divergence with price looking to go lower while rsi pointing up. Now given the fact that the the H1 HNS target hasnt been met yet and Price been struggling to close back above the marked m15 MA, we should not rule out further dips towards the downside, if we looking to long, it may be worth waiting for: Price to begin closing back above m15 resistance level or look to buy near the next downside level which is near the HnS target...
In my unpacking this statement my questions / understanding is:

  1. H1 buy zone in neutral territory = short term MA15 and long term MA30 are overlapping?
  2. Showing bullish divergence = current price below 200MA?
  3. Generally, HnS and 200MA both suggesting resistance and downward pressure?
  4. Your looking for price closing above MA15 to suggest buy pressure (along with hitting expected low from HnS)

If in doubt, paddle out!
  • #2,035
  • Oct 18, 2019 5:24pm Oct 18, 2019 5:24pm
Quoting SurfsUp
{quote} Since I am learning this stuff as I go, I am constantly trying to unpack your explanations. In this case, I understand the idea, but not really the complete rationale. {quote} In my unpacking this statement my questions / understanding is: H1 buy zone in neutral territory = short term MA15 and long term MA30 are overlapping? Showing bullish divergence = current price below 200MA? Generally, HnS and 200MA both suggesting resistance and downward pressure? Your looking for price closing above MA15 to suggest buy pressure (along with hitting...
Hey Bud,

Sorry for the late reply....was on the road....

 

  1. When the H1 is in neutral territory, you will see that our two emas are flat, ie there is no clear distinction between the two, The zone is bullish when the 15 is above the 30 and bearish when the 15 is below the 30.....
  2. The RSI bullish divergence can be spotted when the Rsi is moving up and price moving down and it becomes bearish divergence when the rsi is moving down and price is moving up.
  3. Basic rule of thumb, if prices get above our 200 EMA on the M15 chart, then we can look for buy setups using our zones and intra day level, if it closes below the 200 EMA on the M15 chart, then we can look for sell setups using our intra day levels and zones,
  4. If London Buys and our zones line up for buy setups, we look for buy setups, if London sells and our Zones setup for sell setups then we can look to short...

Hope this clarifies

4&1 All Time Profit: $37,496
  • #2,036
  • Oct 18, 2019 5:27pm Oct 18, 2019 5:27pm
Quoting SurfsUp
{quote} Since I am learning this stuff as I go, I am constantly trying to unpack your explanations. In this case, I understand the idea, but not really the complete rationale. {quote} In my unpacking this statement my questions / understanding is: H1 buy zone in neutral territory = short term MA15 and long term MA30 are overlapping? Showing bullish divergence = current price below 200MA? Generally, HnS and 200MA both suggesting resistance and downward pressure? Your looking for price closing above MA15 to suggest buy pressure (along with hitting...
Regarding the chart patterns, those are patterns that just unfold and present themselves as and when the market begins to pain some sort of structure.

The Head and Shoulder setup shows there may be possible bearish intent.
The inverse Head and shoulders pattern shows there may be possible bullish intent....


These tend to work well when they set themselves up with confluence near our intra day levels or zones.......so often times, will give attention to the patterns that chart themselves close to those levels....
Regards
4&1 All Time Profit: $37,496
  • #2,037
  • Oct 20, 2019 3:11pm Oct 20, 2019 3:11pm
Evening Traders.

Hope we all had a good weekend and looking forward to the new week.

The week that was saw price move between the 1495 and 1480 range, the only positive thing that we can take note off is how the weekly close above 1485 still keeps the bigger picture in bullish territory in the long term while the short term remains neutral.

As things stand our H1 and H4 zones are flat, the Daily is flat with a bearish bias, so, looking at trading this from the H1 zones as soon as they clearly defined....so will need to see some clarity first on the H1 chart to clearly define the zones, But seeing how price has been capped by the h1 MA, bulls will need to overcome this for price to seriously challenge our upside levels.
H1:Neutral
H4:Neutral
D1: Neutral WIth Bearish bias: Sell Zone:1493.21 - 1496.02

Weekly Levels
Upside
1522.42
1509.88
1506.92
1500
1496.67

Downside
1488.53
1480.39
1478.70
1475.36
1467.22
1459.12


Mondays Intra day levels:

Upside
1498.92
1495.41
1493.25
1490.17

Downside
1488.54
1486.24
1484.08
1480.48


Lets see how the week goes,

Green Pips to everyone
4&1 All Time Profit: $37,496
  • #2,038
  • Oct 20, 2019 4:48pm Oct 20, 2019 4:48pm
Hello Obi, hope you had a great week end. thank you for the analysis and levels.
Have a great week ahead with a lots of green pips for you and everybody here
  • #2,039
  • Oct 20, 2019 11:27pm Oct 20, 2019 11:27pm
Update:
H1 and H4, although pointing lower, the zones are still flat, they pointing lower, price still below both 1491.96 and 1490,19, as such lets see if the London Open can provide directional bias.

Short Scalp leading into London Open
Short 1490.27
SL 1494
First target becomes 1486


Green Pips
4&1 All Time Profit: $37,496
  • #2,040
  • Oct 21, 2019 2:35am Oct 21, 2019 2:35am
Quoting MzansiObi
Update: H1 and H4, although pointing lower, the zones are still flat, they pointing lower, price still below both 1491.96 and 1490,19, as such lets see if the London Open can provide directional bias. Short Scalp leading into London Open Short 1490.27 SL 1494 First target becomes 1486 Green Pips
Lets see which one cancels the other out....
Will Stop scalping and setup position after the London open hourly candle close....

Green Pips
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.rM15Scalp set.png Size: 31 KB
4&1 All Time Profit: $37,496
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