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4 + 1 (Metals) strategy

  • #2,101
  • Oct 24, 2019 8:39am Oct 24, 2019 8:39am
Quoting MzansiObi
Sell Limit 1491 SL 1501 TP Open. Trade Safe and patiently
This on seems to be headed to getting stopped out.
Watching momentum and sentiment around key levels now
4&1 All Time Profit: $37,496
  • #2,102
  • Oct 24, 2019 8:43am Oct 24, 2019 8:43am
Two more intra day levels to the upside to go.....
Am on the sidelines now as the sell setup has been stopped out......

Weekly numbers become key now aswell...
4&1 All Time Profit: $37,496
  • #2,103
  • Oct 24, 2019 8:43am Oct 24, 2019 8:43am
Quoting MzansiObi
{quote} This on seems to be headed to getting stopped out. Watching momentum and sentiment around key levels now
It stopped out alright....ugh. I even made matters worse and added to my shorts at 1494. Not a good day so far. What is the explanation? ECB decision? US durable goods miss?
If in doubt, paddle out!
  • #2,104
  • Oct 24, 2019 8:44am Oct 24, 2019 8:44am
Quoting MzansiObi
{quote} This on seems to be headed to getting stopped out. Watching momentum and sentiment around key levels now
I already got stopped at 1495 ... 100 bucks loss... which supposed to 150+++ in profit ...


so my jinx is back ... 2 days of losses no matter what...... so i am taking a break now.... will resume trading next month.... sometimes u just know ur luck is also not on ur side.... its better to stay away...
Attached Image (click to enlarge)
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Extreme gut feeling trader
  • #2,105
  • Oct 24, 2019 8:48am Oct 24, 2019 8:48am
Quoting montygoldy
{quote} I already got stopped at 1495 ... 100 bucks loss... which supposed to 150+++ in profit ... so my jinx is back ... 2 days of losses no matter what...... so i am taking a break now.... will resume trading next month.... sometimes u just know ur luck is also not on ur side.... its better to stay away... {image}
Lol. It happens form time to time. Just keep the winners more than the loosers. Looking at the charts to see where it went south.....
4&1 All Time Profit: $37,496
  • #2,106
  • Oct 24, 2019 8:49am Oct 24, 2019 8:49am
Quoting montygoldy
{quote} I already got stopped at 1495 ... 100 bucks loss... which supposed to 150+++ in profit ... so my jinx is back ... 2 days of losses no matter what...... so i am taking a break now.... will resume trading next month.... sometimes u just know ur luck is also not on ur side.... its better to stay away... {image}
When did you open that short?
4&1 All Time Profit: $37,496
  • #2,107
  • Oct 24, 2019 8:49am Oct 24, 2019 8:49am
hi sell 1500 sl 1503
Attached Image (click to enlarge)
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  • #2,108
  • Oct 24, 2019 8:52am Oct 24, 2019 8:52am
Quoting MzansiObi
{quote} When did you open that short?
I opened yesterday with Tp: 1488... and the low of the day is 1488.01... fucked by just .01..... here as well as on my main account as well... so will try to mimic 3k-40k again next month....
Extreme gut feeling trader
  • #2,109
  • Oct 24, 2019 9:04am Oct 24, 2019 9:04am
Quoting montygoldy
{quote} I opened yesterday with Tp: 1488... and the low of the day is 1488.01... fucked by just .01..... here as well as on my main account as well... so will try to mimic 3k-40k again next month....
I hear you Bud, I had some shorts from the 1495 handle going this morning, closed those out before LO, and then waited to see how it goes, Took an earlier short at 1490 and took partial profits, the third pending order wasnt as fortunate... thats why i prefer taking partial profits, so now the gains from the first two shorts cover this third shots losses

Quoting SurfsUp
{quote} It stopped out alright....ugh. I even made matters worse and added to my shorts at 1494. Not a good day so far. What is the explanation? ECB decision? US durable goods miss?
AM looking at the charts to see bud, first point of departure becomes looking at how price behaved around the intra day levels, both to the downside and back up...


Lets see...
4&1 All Time Profit: $37,496
  • #2,110
  • Oct 24, 2019 12:35pm Oct 24, 2019 12:35pm
Quoting SurfsUp
{quote} It stopped out alright....ugh. I even made matters worse and added to my shorts at 1494. Not a good day so far. What is the explanation? ECB decision? US durable goods miss?
Finally back Home, Managed to look at the charts properly...

Here is what we seem to have missed bud....totally didnt pick up the right shoulder formation on the H4 making the inverted HnS setup...
Lets see, but our next intra day level lies there about....
Attached Image (click to enlarge)
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4&1 All Time Profit: $37,496
  • #2,111
  • Oct 24, 2019 1:34pm Oct 24, 2019 1:34pm
Quoting MzansiObi
{quote} Finally back Home, Managed to look at the charts properly... Here is what we seem to have missed bud....totally didnt pick up the right shoulder formation on the H4 making the inverted HnS setup... Lets see, but our next intra day level lies there about.... {image}
I was watching the price action. Looking to short at 1507-09 SL 1513, tp 1485-90
  • #2,112
  • Oct 24, 2019 2:08pm Oct 24, 2019 2:08pm
Quoting goldgirl
{quote} I was watching the price action. Looking to short at 1507-09 SL 1513, tp 1485-90
Lets see what it does GoldGirl, im looking towards the daily close at the moment.

Lets see how the daily closes,we have tagged the second last intra day level, bit of a push towards the last number?
4&1 All Time Profit: $37,496
  • #2,113
  • Oct 24, 2019 9:31pm Oct 24, 2019 9:31pm
25/10/19


Morning Traders
Bullish intent took over yesterday with some key resistance levels being broken and taken out to the topside after price caught a dip from one of our downside levels,
As it so happens, the bid came from an inverse shoulder level from the H4, although we marked the downside level, for all intents and purposes, i missed the Inverted H4 setup being formed near the right shoulder as Price was below some key levels and the inverse pattern was somewhat flattish, price took out most of our upside levels and was ultimately capped near our second last upside level(1504.6) leaving one more level untested(1511) the target for the pattern lies around 1508. On the weekly numbers, price is next challenging 1506.92 then 1509.84 and the big one at 1521.31.......


As things stand
H1: Bullish: Buy Zone:1499.88 - 1496.56
H4: Bullish: Buy Zone: 1495.02 - 1492.75
D1: Still Bearish as the bearish cross remains intact.

Intra day Levels of Interest
Upside
1525.22
1521.15
1514.7
1508.41
1504.73

Downside
1497.92
1495.16
1492.49
1488.71
1483.96




Trade Safe
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: XAUUSDH4AsiaSession_LI (2).jpg Size: 738 KB
4&1 All Time Profit: $37,496
  • #2,114
  • Oct 25, 2019 3:25am Oct 25, 2019 3:25am
Quoting goldgirl
{quote} I was watching the price action. Looking to short at 1507-09 SL 1513, tp 1485-90
Short near 1507. Should it make the way to 1509, I will get another short entry.
  • #2,115
  • Oct 25, 2019 3:31am Oct 25, 2019 3:31am
Update:
All things Considered. LO hour showed some bullish intent, as such will use any dips towards the H1 and H4 Buys zones to go long, Longs will be somewhat conservative as it is the last trading day of the week .


Trade Safe
4&1 All Time Profit: $37,496
  • #2,116
  • Oct 25, 2019 3:35am Oct 25, 2019 3:35am
25/10/19

Buy Limit
1499.5
SL
1494
TP Open


Green Pips.
4&1 All Time Profit: $37,496
  • #2,117
  • Oct 25, 2019 4:29am Oct 25, 2019 4:29am
Quoting goldgirl
{quote} Short near 1507. Should it make the way to 1509, I will get another short entry.
I like your trade....there is some bearish rsi divergence playing out on the H1.....

will to see if it can get low enough for my buy entry to get filled..

Green Pips
4&1 All Time Profit: $37,496
  • #2,118
  • Oct 25, 2019 7:29am Oct 25, 2019 7:29am
Quoting MzansiObi
25/10/19 Buy Limit 1499.5 SL 1494 TP Open Green Pips.
Lock-in TP at 1512 or will we see 1520? Momentum RSI looks very strong. I'm inclined to think it will continue...
The more you learn, the more you see
  • #2,119
  • Oct 25, 2019 7:31am Oct 25, 2019 7:31am
Quoting Marcusv007
{quote} Lock-in TP at 1512 or will we see 1520? Momentum RSI looks very strong. I'm inclined to think it will continue...
Yeah it seems that way, if hourly closes above 1508, will watch for 1415 next....one level at a time,
4&1 All Time Profit: $37,496
  • #2,120
  • Oct 25, 2019 8:06am Oct 25, 2019 8:06am
Update:


Hourly Close above 1414.63 Exposes us to the remaining two upside levels( 1521.14 and 1525.22).

Edit: Wont be opening any new trades till Monday.
Will leave current trades as is........


Trade Safe
4&1 All Time Profit: $37,496
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