4 + 1 (Metals) strategy | Page 104 | 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

  • #2,061
  • Oct 22, 2019 9:13am Oct 22, 2019 9:13am
Sell zone remains intact and M15 200 level still proving to be great resistance level.
Wash rinse and repeat till it fails
4&1 All Time Profit: $37,496
  • #2,062
  • Oct 22, 2019 10:02am Oct 22, 2019 10:02am
UPDATE:

Sell order stops at 1486
Bearish divergence kicked in and pushed us lower

Buy Dips now on with stops a couple of pips below the head structure.
Counter trend but using the running Sell Setup as a protective hedge
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15Bud Dip situation_LI.jpg Size: 758 KB
4&1 All Time Profit: $37,496
  • #2,063
  • Oct 22, 2019 10:51am Oct 22, 2019 10:51am
What is you reasoning to go long here please ?
the IHS ?
  • #2,064
  • Oct 22, 2019 10:58am Oct 22, 2019 10:58am
Quoting Tragruel
What is you reasoning to go long here please ? the IHS ?
Just looking at the inverted HnS that may be on the cards and the RSI and Stoch getting near the respective 70 and 80 zones
Bud
4&1 All Time Profit: $37,496
  • #2,065
  • Oct 22, 2019 11:03am Oct 22, 2019 11:03am
Quoting MzansiObi
{quote} Just looking at the inverted HnS that may be on the cards and the RSI and Stoch getting near the respective 70 and 80 zones Bud
Pardon me bud, the 20 and 30 zones....not 70 and 80
4&1 All Time Profit: $37,496
  • #2,066
  • Oct 22, 2019 11:10am Oct 22, 2019 11:10am
understood, its holding right now. thx bud
  • #2,067
  • Oct 22, 2019 11:56am Oct 22, 2019 11:56am
Quoting MzansiObi
{quote} Hey Bud, Sorry for the late reply....was on the road.... 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..... 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. Basic rule of thumb, if prices get above our 200 EMA on the M15 chart, then we can look for...
MzansiObi, thanks for the detailed explanation. Very helpful. My interpretation was pretty off LOL.

Quoting MzansiObi
UPDATE: Sell order stops at 1486 Bearish divergence kicked in and pushed us lower Buy Dips now on with stops a couple of pips below the head structure.
I bought at 1484.4 , SL set at 1480. How far below head were you recommending? Watching to see if the inverse HnS patterns works out. Have TP on half set near 200MA. Other half TP open.
If in doubt, paddle out!
  • #2,068
  • Oct 22, 2019 12:17pm Oct 22, 2019 12:17pm
Quoting SurfsUp
{quote} MzansiObi, thanks for the detailed explanation. Very helpful. My interpretation was pretty off LOL. {quote} I bought at 1484.4 , SL set at 1480. How far below head were you recommending? Watching to see if the inverse HnS patterns works out. Have TP on half set near 200MA. Other half TP open.

Lol, you were a bit off bud, but atleast you get what i was trying to say?


With regards to the sell Zones, the Head of the structure becomes the first target for the shorts, But if you have taken some profit by closing half and trailing then let it run risk free till it gets taken out, stops on my shorts are at 1486.....
4&1 All Time Profit: $37,496
  • #2,069
  • Oct 22, 2019 12:33pm Oct 22, 2019 12:33pm
Quoting MzansiObi
{quote} Lol, you were a bit off bud, but atleast you get what i was trying to say? With regards to the sell Zones, the Head of the structure becomes the first target for the shorts, But if you have taken some profit by closing half and trailing then let it run risk free till it gets taken out, stops on my shorts are at 1486.....
Got started a little later today (recovering from a long weekend), so no sell trades yet.
If in doubt, paddle out!
  • #2,070
  • Oct 22, 2019 1:53pm Oct 22, 2019 1:53pm
Quoting MzansiObi
{quote} 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
Closing Half Stops at Entry....
Last one for the day
4&1 All Time Profit: $37,496
  • #2,071
  • Oct 22, 2019 2:09pm Oct 22, 2019 2:09pm
Quoting MzansiObi
{quote} Closing Half Stops at Entry.... Last one for the day
Will wait to see how the daily closes......
If we dont get below the 1487 handle(m15 200 Ema) will look at price heading back towards the 1490 then 95,

But Our Zones are much more clearly defined on the H1, H4 and D1 now, so lets be patient and see....


Tough start to the week with this muted volatility...
4&1 All Time Profit: $37,496
  • #2,072
  • Oct 22, 2019 2:28pm Oct 22, 2019 2:28pm
Quoting MzansiObi
If we dont get below the 1487 handle(m15 200 Ema) will look at price heading back towards the 1490 then 95
looks like it is heading back down.....

Nice gains on my long positions. I closed both well in the money with last half closing out at 1487. Looks like first upside level held. We're in the sell zone. I just put on a few smaller sell trades on at 1486.90. Let's see. We watch closely for continued upward move. Tight stops.
If in doubt, paddle out!
  • #2,073
  • Oct 22, 2019 10:03pm Oct 22, 2019 10:03pm
Quoting MzansiObi
{quote} Will wait to see how the daily closes...... If we dont get below the 1487 handle(m15 200 Ema) will look at price heading back towards the 1490 then 95, But Our Zones are much more clearly defined on the H1, H4 and D1 now, so lets be patient and see.... Tough start to the week with this muted volatility...
Failed to stay below/ get back below 1487....first target price , 1490 achieved, needs to clearly break and close above it to challenge 1495......trade safe
4&1 All Time Profit: $37,496
  • #2,074
  • Oct 23, 2019 12:03am Oct 23, 2019 12:03am
23/10/19

Morning Traders

Daily close Higher yesterday following a retest of our first downside target having sold off of the H1 sell zone yesterday.
Our 200 Moving Averages also helped us cap prices from going higher, which fitted well with or plan to short throughout the day before flipping long when price started forming the Inverted HnS pattern that we bought Dips off of.

The H1 has flipped bullish and is currently testing the upper bands of the H4 sell zone, due to this bullish intent on the H1, Outlook for the day remains to look to buy dips into the H1 buy zone and sell from the D1 Sell Zone..... which now also lies inside one of our key upside levels for the day.....

Our Zones are as follows:

H1: Bullish:1487.4 - 1488.13

H4: Bearish:1487.89 - 1488.9

D1: Bearish: 1491.13 - 1494.7


Intra-day Levels:
Upside
1508.47
1498.84
1494.88
1490.81


Downside
1487.60
1485.90
1483.98
1480.77
1477.66


Green Pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDDailyRev_LI.jpg Size: 724 KB
Click to Enlarge Name: XAUUSDH1AMRev_LI (2).jpg Size: 728 KB
Click to Enlarge Name: XAUUSDH4AMRev_LI.jpg Size: 720 KB
4&1 All Time Profit: $37,496
  • #2,075
  • Oct 23, 2019 1:21am Oct 23, 2019 1:21am
Quoting MzansiObi
23/10/19 Morning Traders Daily close Higher yesterday following a retest of our first downside target having sold off of the H1 sell zone yesterday. Our 200 Moving Averages also helped us cap prices from going higher, which fitted well with or plan to short throughout the day before flipping long when price started forming the Inverted HnS pattern that we bought Dips off of. The H1 has flipped bullish and is currently testing the upper bands of the H4 sell zone, due to this bullish intent on the H1, Outlook for the day remains to look to buy dips...
First Bounce from H1 Buy Zone challenging the 1490 Handle.........Still, its Pre London Open so will take profits and wait on what London does to better position....

Trade safe
4&1 All Time Profit: $37,496
  • #2,076
  • Oct 23, 2019 3:09am Oct 23, 2019 3:09am
Update:

London Bought and price managed a close above the first upside level which coincides with the H1 200 EMA

As such will look to add another buy:
Looking for RSI and Stochs to point lower towards H1 Buy Zone thats drifting higher so that second buy order can be filled...


Pending Buy Limit
Long 1490
Stops 1482
Tp Open

Edit: Previous Buy Order stops at 1489.

Will Look for short setups near 1495.....


Trade Safe
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1PostLO_LI.jpg Size: 753 KB
4&1 All Time Profit: $37,496
  • #2,077
  • Oct 23, 2019 4:39am Oct 23, 2019 4:39am
23/10/19
Short

1495
SL 1502
TP Open

Reduced lot size.*


Lets see
4&1 All Time Profit: $37,496
  • #2,078
  • Oct 23, 2019 5:08am Oct 23, 2019 5:08am
Update:
Current H4 candle close below the 1495 good for bears, and H4 and D1 Sellers, again,
Prices is being capped at the handle (H4 200 EMA) which coincides with one of our intra day upside levels.
Although The H4 Sell Zone seems to be flattening out, there is confluence of resistance near the handle,

A clear break and close above on the H4 will expose the next two intra day levels and the rest of the weekly upside levels

Lets look at what PA does if and when it gets back towards the H1 buy ZOne.
Trade safe
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH4SellZone_LI.jpg Size: 742 KB
4&1 All Time Profit: $37,496
  • #2,079
  • Oct 23, 2019 5:58am Oct 23, 2019 5:58am
Update:
Second Bounce from The H1 Buy handle (1490)......
But now the M15 beginning to map out a HnS pattern with the head of the structure being a key intra day upside level, so for now, will use any bullish momentum to wards the handle to take partial profits from the H1 buy dip till the H1 Buy Dip Fails

Shorting near 1495 with Stops above the Head structure looking for targets towards 1487.6
Near where the m15 200 EMA
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15HnSsetup_LI.jpg Size: 758 KB
4&1 All Time Profit: $37,496
  • #2,080
  • Oct 23, 2019 6:05am Oct 23, 2019 6:05am
H1 Buy Dip structure,
H1 200 EMA lies inside H1 Buy Zone, and we can see to the left how the level acted as resistance all week, as such we will see how it holds up as resistance, there will be a couple of buy dip setups on the taking, as the RSI and Stochs begining to point lower and the m15 HnS pattern thats playing out, But we can wash rinse and repeat buying the level till it fails..... and selling the shoulder level of the m15 HnS till the head breaks.....Note hedging isnt for everyone as such, it may also be best to choose one setup and recycle the level till it fails ie.

Trade Safe
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1Buy Dip_LI.jpg Size: 756 KB
4&1 All Time Profit: $37,496
13 traders viewing now