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4 + 1 (Metals) strategy

  • #2,081
  • Oct 23, 2019 8:39am Oct 23, 2019 8:39am
Quoting MzansiObi
Update:........Shorting near 1495 with Stops above the Head structure looking for targets towards 1487.6 Near where the m15 200 EMA {image}
Sell limit just filled at 1495. SL 1502 and TP open. So, looking at around 1491 on the neckline?
If in doubt, paddle out!
  • #2,082
  • Oct 23, 2019 8:44am Oct 23, 2019 8:44am
closed half and moved SL to BE+.

Also, added a buy limit at 1489, with SL at 1482. TP open.
If in doubt, paddle out!
  • #2,083
  • Oct 23, 2019 8:48am Oct 23, 2019 8:48am
Quoting SurfsUp
{quote} Sell limit just filled at 1495. SL 1502 and TP open. So, looking at around 1491 on the neckline?
The target for the HnS setup is below at the 1487 mark, But the H1 Buy Zone has drifted area and is now also above the H1 200 EMA, as such, will take partials as and when it gets there and trail incase the level breaks,
4&1 All Time Profit: $37,496
  • #2,084
  • Oct 23, 2019 8:56am Oct 23, 2019 8:56am
Quoting MzansiObi
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 {image}
It Gets Invalidated with a clear break and close above the head level......
Its break exposes further upside levels


Trade Safe
4&1 All Time Profit: $37,496
  • #2,085
  • Oct 23, 2019 8:57am Oct 23, 2019 8:57am
Sell limit orders at 1495 just filled. SL at 1502. TP open. I also have a buy limit order at 1490.5 waiting to fill.
If in doubt, paddle out!
  • #2,086
  • Oct 23, 2019 9:29am Oct 23, 2019 9:29am
Quoting MzansiObi
It Gets Invalidated with a clear break and close above the head level...... Its break exposes further upside levels Trade Safe
Hmmmm.....missed that. May look to get out of trades as soon as I get a noticeable dip.
If in doubt, paddle out!
  • #2,087
  • Oct 23, 2019 9:52am Oct 23, 2019 9:52am
Quoting SurfsUp
{quote} Hmmmm.....missed that. May look to get out of trades as soon as I get a noticeable dip.
Yeah But Leat see how the current H4 Candle Closes...You may be able to bank some Profit from it....
H4 200 Ema still relevant
4&1 All Time Profit: $37,496
  • #2,088
  • Oct 23, 2019 10:03am Oct 23, 2019 10:03am
Quoting MzansiObi
{quote} Yeah But Leat see how the current H4 Candle Closes...You may be able to bank some Profit from it.... H4 200 Ema still relevant
Just closed half in profit. Trailing stop on rest with minimum BE+. Still have Buy limit set at 1490.50 waiting to execute......
If in doubt, paddle out!
  • #2,089
  • Oct 23, 2019 10:41am Oct 23, 2019 10:41am
Quoting SurfsUp
{quote} Just closed half in profit. Trailing stop on rest with minimum BE+. Still have Buy limit set at 1490.50 waiting to execute......
Bingo....all it takes is a bit of patience bud.....


Lets wait for it, patience becomes key bud. for now the H4 200 EMA doing its Job,
4&1 All Time Profit: $37,496
  • #2,090
  • Oct 23, 2019 12:55pm Oct 23, 2019 12:55pm
Quoting SurfsUp
{quote} Just closed half in profit. Trailing stop on rest with minimum BE+. Still have Buy limit set at 1490.50 waiting to execute......
Just Keep an eye on the H1 Buy ZOne, It has drifted higher towards upper band 1491.66 and lower band at 1490....


Just close part of my short will take a buy scalp here
4&1 All Time Profit: $37,496
  • #2,091
  • Oct 23, 2019 1:13pm Oct 23, 2019 1:13pm
Quoting MzansiObi
{quote} H1 Buy ZOne
nice convergence with Weekly open
  • #2,092
  • Oct 23, 2019 1:50pm Oct 23, 2019 1:50pm
Quoting Tragruel
{quote} nice convergence with Weekly open
Yeah Bud, Levels all the way and patience....Much better PA and movement as compared to the first two days.....

Was really testing the patience
4&1 All Time Profit: $37,496
  • #2,093
  • Oct 23, 2019 11:20pm Oct 23, 2019 11:20pm
24/10/19

Morning Traders...

As things stand yesterdays daily candle closed higher than the previous days daily close, but prices were capped inside the Daily sell zone.
Our outlook and plan for the day had been to buy H1 Dips and look to sell any rally that went into the D1 Sell Zone, we managed to get a couple of Buy dip setups from the H1 and took two sell setups from inside the Daily sell zone.
Prices managed to bounce off of the H1 Buy ZOne again during Asias session and have continued to find resistance at the Daily Sell Zone, which has also given the first sell setup.

Outlook for the day will be to:
1. See what London Opening Hour does for bias
2. Look to continue buying dips from the H1
3. Sell the D1 Sell Zone

There is a bit of bearish RSI divergence on the H1 so any Buy dip setups will be managed with conservative stops/trade sizes.


H1: Bullish: Buy Zone:1492.27 -1491.44
H4: Neutral to Bullish: 1490.23 - 1490.76
D1: Bearish:Sell Zone:1494.77 - 1492.17


Intra day Levels of Interest:
Upside
1511.17
1504.65
1500.41
1497.2
1495.19
1493.63

Downside
1491.9
1490.57
1488.71
1486.73
1483.49
1479.27






Trade Safe
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDH1Am Review_LI.jpg Size: 755 KB
Click to Enlarge Name: XAUUSDH4AmReview_LI.jpg Size: 733 KB
4&1 All Time Profit: $37,496
  • #2,094
  • Oct 23, 2019 11:23pm Oct 23, 2019 11:23pm
Daily Chart ...
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDDailyAMReview_LI.jpg Size: 691 KB
4&1 All Time Profit: $37,496
  • #2,095
  • Oct 24, 2019 1:13am Oct 24, 2019 1:13am
Quoting MzansiObi
24/10/19 Morning Traders... As things stand yesterdays daily candle closed higher than the previous days daily close, but prices were capped inside the Daily sell zone. Our outlook and plan for the day had been to buy H1 Dips and look to sell any rally that went into the D1 Sell Zone, we managed to get a couple of Buy dip setups from the H1 and took two sell setups from inside the Daily sell zone. Prices managed to bounce off of the H1 Buy ZOne again during Asias session and have continued to find resistance at the Daily Sell Zone, which has also...
Update:
Bit of a rejection from the 1st Upside level, followed by a bounce from the lower band of the H1 buy zone, still one more hour to go before LO so will give it some time to see where price is headed.....

Patience
4&1 All Time Profit: $37,496
  • #2,096
  • Oct 24, 2019 3:18am Oct 24, 2019 3:18am
Update: The bearish divergence has pushed us lower and prices got below the m15 200 handle and found some support around our third downside level.
the first Hour of the London trading session saw some selling power, as such, will wait to see price close below 1490.57 to load shorts.
RSI pointing lower and so too are the stochs,

The selling power from the D1 Sell Zone kicking in, which would explain the neutral looking H4 zone.....for further bearishness, would like to see price close below and stay below 1490....

Trade safe
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1LO hour_LI.jpg Size: 747 KB
4&1 All Time Profit: $37,496
  • #2,097
  • Oct 24, 2019 3:46am Oct 24, 2019 3:46am
Sell Limit
1491
SL 1501
TP Open.


Trade Safe and patiently
4&1 All Time Profit: $37,496
  • #2,098
  • Oct 24, 2019 6:30am Oct 24, 2019 6:30am
Quoting MzansiObi
Sell Limit 1491 SL 1501 TP Open. Trade Safe and patiently
Looks like a good trade. I think I'll join you there. Watching and waiting......
If in doubt, paddle out!
  • #2,099
  • Oct 24, 2019 7:01am Oct 24, 2019 7:01am
Quoting SurfsUp
{quote} Looks like a good trade. I think I'll join you there. Watching and waiting......
Lols, morning bud, Yeah lets what what it does, previous h4 candle closed net bearish so thats a good sign for shorts, so we are riding the daily sellers momentum at the moment, we will have to be patient with this short trade as the H1 and H4 are still are neautral and bullish respectively, will not be looking to buy dips will just hold onto the short and see how it fairs.....
4&1 All Time Profit: $37,496
  • #2,100
  • Oct 24, 2019 7:02am Oct 24, 2019 7:02am
Quoting MzansiObi
{quote} Lols, morning bud, Yeah lets what what it does, previous h4 candle closed net bearish so thats a good sign for shorts, so we are riding the daily sellers momentum at the moment, we will have to be patient with this short trade as the H1 and H4 are still are neautral and bullish respectively, will not be looking to buy dips will just hold onto the short and see how it fairs.....
Well, we're flying now. Limit order filled. Let's see where it goes.
If in doubt, paddle out!
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