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4 + 1 (Metals) strategy

  • #2,041
  • Oct 21, 2019 3:16am Oct 21, 2019 3:16am
Update:

Sell Limit
1490.55
SL 1494.5


Logic, London Sold off, Price below m15 200 EMA, below H1 200 EMA, Below weekly and Daily open.

Second Downside level for Monday becomes immediate target......
4&1 All Time Profit: $37,496
  • #2,042
  • Oct 21, 2019 7:09am Oct 21, 2019 7:09am
Quoting MzansiObi
Update: Sell Limit 1490.55 SL 1494.5 Logic, London Sold off, Price below m15 200 EMA, below H1 200 EMA, Below weekly and Daily open. Second Downside level for Monday becomes immediate target......
Update:
Slow PA again, just a review of the H1 chart and H4 Chart, the zones are still not clearly defined, and while prices have attempted to break higher, been capped by the h1 200 ema, Dropping down to the m15 time frame, seems we may be printing a new pattern on the charts...will scale out of Sell trade setup and trail and load a buy near the 1488 handle with stops just below the head of the newly formed structure.....
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15_LI.jpg Size: 731 KB
4&1 All Time Profit: $37,496
  • #2,043
  • Oct 21, 2019 8:51am Oct 21, 2019 8:51am
Quoting MzansiObi
{quote} Update: Slow PA again, just a review of the H1 chart and H4 Chart, the zones are still not clearly defined, and while prices have attempted to break higher, been capped by the h1 200 ema, Dropping down to the m15 time frame, seems we may be printing a new pattern on the charts...will scale out of Sell trade setup and trail and load a buy near the 1488 handle with stops just below the head of the newly formed structure..... {image}
Target Attained for this setup, But didnt manage to get buy order filled.....Lets see what it does now

But again Zones arent clearly defined so price action remains sloppy, NY bought on,London sold and while this isnt taboo, atleast when this happens when the zones are clearly defined we have a good reference point to approach the setups with,



So if we just trade of the 200 EMA on the H1 and H4 we must look to lock in profits and trail till the zones get defined....
4&1 All Time Profit: $37,496
  • #2,044
  • Oct 21, 2019 10:23am Oct 21, 2019 10:23am
Quoting MzansiObi
{quote} Target Attained for this setup, But didnt manage to get buy order filled.....Lets see what it does now But again Zones arent clearly defined so price action remains sloppy, NY bought on,London sold and while this isnt taboo, atleast when this happens when the zones are clearly defined we have a good reference point to approach the setups with, So if we just trade of the 200 EMA on the H1 and H4 we must look to lock in profits and trail till the zones get defined....
Illustration of Trading off the H1 and H4 200 EMA, H4 produced the one sell setup while the H1 gave us 3 sell setups labled (i) on the H1 chart and the flat indicators that usual give us our bias in terms of the zones also Flat....so been a choppy day......but we trade it with a plan and remain patient....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDH1NYLate.png Size: 31 KB
Click to Enlarge Name: XAUUSDH4NYLate.png Size: 28 KB
4&1 All Time Profit: $37,496
  • #2,045
  • Oct 21, 2019 10:33am Oct 21, 2019 10:33am
Quoting MzansiObi
{quote} Illustration of Trading off the H1 and H4 200 EMA, H4 produced the one sell setup while the H1 gave us 3 sell setups labled (i) on the H1 chart and the flat indicators that usual give us our bias in terms of the zones also Flat....so been a choppy day......but we trade it with a plan and remain patient.... {image} {image}
Here are the labelled images...apologies
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDH1NYLate_LI.jpg Size: 728 KB
Click to Enlarge Name: XAUUSDH4NYLate_LI.jpg Size: 713 KB
4&1 All Time Profit: $37,496
  • #2,046
  • Oct 21, 2019 10:35am Oct 21, 2019 10:35am
Quoting MzansiObi
{quote} Illustration of Trading off the H1 and H4 200 EMA, H4 produced the one sell setup while the H1 gave us 3 sell setups labled (i) on the H1 chart and the flat indicators that usual give us our bias in terms of the zones also Flat....so been a choppy day......but we trade it with a plan and remain patient.... {image} {image}
ive been waiting all day for that drop....was in a bit too early (patience JP!), and was very close to closing it - thank god i didnt! only annoying thing was i set my tp way to short (as i was in DD earlier) and only got half the drop!

as a good friend always reminds me.....its always the SHOULDER! It either holds, or drops it like its hot. Added confluence of yesterdays high (white line), and the high volume bar on the doji showing sellers were sniffing
Attached Image (click to enlarge)
Click to Enlarge Name: FF4A7B9D-C2E8-42D4-A98E-FDA0DDB84B68.jpeg Size: 1.2 MB
  • #2,047
  • Oct 21, 2019 10:42am Oct 21, 2019 10:42am
Quoting Jp1
{quote} ive been waiting all day for that drop....was in a bit too early (patience JP!), and was very close to closing it - thank god i didnt! only annoying thing was i set my tp way to short (as i was in DD earlier) and only got half the drop! as a good friend always reminds me.....its always the SHOULDER! It either holds, or drops it like its hot. Added confluence of yesterdays high (white line), and the high volume bar on the doji showing sellers were sniffing {image}
Exactly bud, it will always start around a shoulder level and the nice thing about approaching it from the shoulder handle is you reduce your DD by placing stops just above/below the head structure as opposed to trying to catch the move near the neckline break.........please add patience aswell bud......It does get boring at times waiting for setup to materialize especially when the zones have been so flat and market chops around a small range all day......
4&1 All Time Profit: $37,496
  • #2,048
  • Oct 21, 2019 2:24pm Oct 21, 2019 2:24pm
Update:

H1 Is finally shaping out a sell zone:

Expecting the H4 to also begin exposing a sell zone that we can use to follow PA looking at the confluence of factors that suggest further weakness.
The D1 sell zone lies near that 1493, still a couple of hours to go before the NY close, so lets see how things look post NY close.


Levels wise, price action has reacted and tagged most of our intra day levels except two to the downside....Lets see....
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1EveningRev_LI.jpg Size: 779 KB
4&1 All Time Profit: $37,496
  • #2,049
  • Oct 21, 2019 10:54pm Oct 21, 2019 10:54pm
22/10/19


Morning Traders
Sluggish start to the week, with momentum happening towards the end of/close of the London session. Price reached its targets on both bullish and bearish patterns yesterday, with the first being an inverse Head and SHoulder setup on the m15 and then another HnS pattern that played out on the H1.....Our Zones were flat throughout the day and the bigger HnS pattern off the H1 chart happened to gain momentum from our key 200 EMA levels....

Outlook for today remains to sell any rallies towards the H1, H4 and D1 zones, there is some confluence of factors around selling as all three key timeframes are moving in the same direction and price is currently below weekly open, and also below the m15,H1 and H4 200 EMA levels.


H1 Bearish and Sell Zone: 1485.31 - 1487.41
H4 Bearish and Sell Zone: 1488.36 - 1489.43
D1 Bearish and Sell Zone: 1491.39 - 1494.45


Intra day Levels of Interest

Upside
1505.99
1501.77
1495.44
1492.25
1490
1488.39

Downside
1481.93
1478.74
1473.58
1465.46
1463.89

Uploaded CHarts with the Zones and some key levels on the charts...

The Daily chart illustrating some consolidation that needs to see a clear break and close of the 1470 handle to nullify and serious bullish rally on the medium term.
failure to get a break and close below that shows that a possible right shoulder may be forming on another inverted HnS pattern, will look to follow price on the lower time frames in the meanwhile...


Green Pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDDailyTuesdayMorning_LI.jpg Size: 776 KB
Click to Enlarge Name: XAUUSDH1TuesdayMorning_LI.jpg Size: 786 KB
Click to Enlarge Name: XAUUSDH4TuesdayMorning_LI.jpg Size: 777 KB
4&1 All Time Profit: $37,496
  • #2,050
  • Oct 22, 2019 2:18am Oct 22, 2019 2:18am
22/10/19

Sell Limit
1487.5
SL 1499
Tp: Open



Will use half normal position on it and look to add on(IE split my sell trades into two) near the daily Sell Zone should price get there.

Trade Safe
4&1 All Time Profit: $37,496
  • #2,051
  • Oct 22, 2019 2:26am Oct 22, 2019 2:26am
Quoting MzansiObi
22/10/19 Sell Limit 1487.5 SL 1499 Tp: Open Will use half normal position on it and look to add on(IE split my sell trades into two) near the daily Sell Zone should price get there. Trade Safe
Its goin to 1493
Telegram orderflowbuddy
  • #2,052
  • Oct 22, 2019 3:01am Oct 22, 2019 3:01am
Quoting arulisme
{quote} Its goin to 1493
Lol, thats fine, if it gives an opprtunity to get short near daily sell zone then id be glad,
Lets watch and see what it does...
4&1 All Time Profit: $37,496
  • #2,053
  • Oct 22, 2019 5:51am Oct 22, 2019 5:51am
Update:


Sideways, stagnant price action so far, trying to decide which way its going, some bearish divergence beginning to creep in on the m15 chart....
Lets see if it will challenge some more downside targets....
Trade Safe
4&1 All Time Profit: $37,496
  • #2,054
  • Oct 22, 2019 5:55am Oct 22, 2019 5:55am
Quoting MzansiObi
Update: Sideways, stagnant price action so far, trying to decide which way its going, some bearish divergence beginning to creep in on the m15 chart.... Lets see if it will challenge some more downside targets.... Trade Safe
Visuals.....
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15Arvo_LI.jpg Size: 752 KB
4&1 All Time Profit: $37,496
  • #2,055
  • Oct 22, 2019 6:05am Oct 22, 2019 6:05am
Quoting MzansiObi
{quote} Visuals..... {image}
H1 Chart Outlook,
In Line with H1, H4 and Daily being bearish, looking at shorts

As a result looking for stops a couple of pips above that 200 EMA thats had prices capped for the past couple of sessions.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1Arvo_LI.jpg Size: 779 KB
4&1 All Time Profit: $37,496
  • #2,056
  • Oct 22, 2019 7:12am Oct 22, 2019 7:12am
Short 1488
SL 1495
Tp open
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20191022-191004_MetaTrader 4.jpg Size: 662 KB
  • #2,057
  • Oct 22, 2019 7:28am Oct 22, 2019 7:28am
Quoting Junibifon
Short 1488 SL 1495 Tp open {image}
I know you probably shorted a truck load of it, so now it will drop(Jokes)



Good to see you around bud, just thinking its also back below the m15 200 handle too, so lets see whether that Pattern on the H1 begins to play out to short some more....


Trade Safe
4&1 All Time Profit: $37,496
  • #2,058
  • Oct 22, 2019 7:37am Oct 22, 2019 7:37am
Quoting MzansiObi
{quote} I know you probably shorted a truck load of it, so now it will drop(Jokes) Good to see you around bud, just thinking its also back below the m15 200 handle too, so lets see whether that Pattern on the H1 begins to play out to short some more.... Trade Safe
Due to health issue (eyes problem) couldn't trade for few weeks. Fortunately it's going better now. Yesterday was my first trade, sell 1491 closed at 1484. Was +70 points
  • #2,059
  • Oct 22, 2019 7:46am Oct 22, 2019 7:46am
Quoting Junibifon
{quote} Due to health issue (eyes problem) couldn't trade for few weeks. Fortunately it's going better now. Yesterday was my first trade, sell 1491 closed at 1484. Was +70 points
Glad youre back and healthy bud.




M15 Busy Carving out yet another setup, this time an inverse head and shoulder that will play into the H1 pattern i mentioned earlier(Posted H1 price Pattern), if it gets to the 1484 handle will load a buy and trail the current short aggressively, stops currently at entry on this morning short
4&1 All Time Profit: $37,496
  • #2,060
  • Oct 22, 2019 8:00am Oct 22, 2019 8:00am
Quoting Junibifon
Short 1488 SL 1495 Tp open {image}
Closed manually 1486. + 20 points
Sell limit 1489.50
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