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4 + 1 (Metals) strategy

  • #2,181
  • Oct 29, 2019 6:04am Oct 29, 2019 6:04am
Quoting MzansiObi
{quote} Lol, You may aswell take some bud, if it remains intact and youre making atleast 1:1 on some of the trades, then you may as well take that and let the rest try get your desired 1:2. Remember, 1485 and 1495 are the immediate term range at the moment, so id also be cool with taking what it gives and look for the next setup...
No problem. LOL!!
I took some profit leaving 5 orders open till end of day.
Attached Image (click to enlarge)
Click to Enlarge Name: TOOK PROFIT.PNG Size: 44 KB
One can live in the shadow of an idea without grasping it.
  • #2,182
  • Oct 29, 2019 6:13am Oct 29, 2019 6:13am
Quoting Trader1971
{quote} No problem. LOL!! I took some profit leaving 5 orders open till end of day. {image}
Yeah well atleast this way you have covered some and made some profit, the runners are in profit/ stops at BE.....If it dips lower you bag profit, higher you get taken out without loss, we got burnt a little last week waiting on exact target price and price missed it by a fraction before going the opposite way, so we take what it gives bud...

Quoting Jeremy1998
I missed it was asleepp.. do yall think im late for an entry?
Im waiting for the pullback to load another short bud, Morning.....
4&1 All Time Profit: $37,496
  • #2,183
  • Oct 29, 2019 6:36am Oct 29, 2019 6:36am
Quoting MzansiObi
{quote} Yeah well atleast this way you have covered some and made some profit, the runners are in profit/ stops at BE.....If it dips lower you bag profit, higher you get taken out without loss, we got burnt a little last week waiting on exact target price and price missed it by a fraction before going the opposite way, so we take what it gives bud... {quote} Im waiting for the pullback to load another short bud, Morning.....
Good morning brother!

Gold i think should fall to 1480
  • #2,184
  • Oct 29, 2019 6:53am Oct 29, 2019 6:53am
I've changed my targets on the remaining 5 open orders to $10 profit per order.
Currently risk free. Let's see.
No more trading for rest of week.
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One can live in the shadow of an idea without grasping it.
  • #2,185
  • Oct 29, 2019 7:00am Oct 29, 2019 7:00am
Quoting Trader1971
I've changed my targets on the remaining 5 open orders to $10 profit per order. Currently risk free. Let's see. No more trading for rest of week. {image}
Lol alright bud, Its good youre running risk free, lol the week just started or have you reached your weekly target?
4&1 All Time Profit: $37,496
  • #2,186
  • Oct 29, 2019 7:20am Oct 29, 2019 7:20am
Quoting Trader1971
{quote} WOW!!! What a move. just took all my entries to 1492.7 BE. {image}
Good job boy
  • #2,187
  • Oct 29, 2019 8:05am Oct 29, 2019 8:05am
Quoting MzansiObi
Update: First m15 bullish candle coming to the picture, will look for pullbacks towards daily open to add onto current shorts, Wash rinse and repeat till it fails. 2nd Sell Order Sell Limit 1491 SL 1497 Tp Open
Taking 1490 stops at 1497.


Selling off of the H1 lower band Sell zone. WIll try take partial profits of the table soon....
4&1 All Time Profit: $37,496
  • #2,188
  • Oct 29, 2019 8:08am Oct 29, 2019 8:08am
[quote = MzansiObi; 12587771] {quote} Mengambil 1490 berhenti di 1497. Jual dari zona Sell pita bawah H1. Akan mencoba mengambil sebagian keuntungan dari tabel segera .... [/ quote]
SamSame brother
  • #2,189
  • Oct 29, 2019 8:47am Oct 29, 2019 8:47am
Quoting MzansiObi
{quote} Taking 1490 stops at 1497. Selling off of the H1 lower band Sell zone. WIll try take partial profits of the table soon....
Stops at 1488.43, closed half.

Have opened a counter trend Buy order here at 1485.
SL @ 1478
Lets see
4&1 All Time Profit: $37,496
  • #2,190
  • Oct 29, 2019 9:01am Oct 29, 2019 9:01am
Quoting MzansiObi
{quote} Stops at 1488.43, closed half. Have opened a counter trend Buy order here at 1485. SL @ 1478 Lets see
Exit my yesterday long at 1494. Didn't manage to have the time to trade till now. I go long for gold at 1484 SL 1475. Tp1 1499
  • #2,191
  • Oct 29, 2019 9:15am Oct 29, 2019 9:15am
Quoting goldgirl
{quote} Exit my yesterday long at 1494. Didn't manage to have the time to trade till now. I go long for gold at 1484 SL 1475. Tp1 1499
Was wondering where you were....
Welcome Back.

The M15 is still showing some bullish divergence, id like to see 1495 just so that i can get a decent short on it again....at the moment the H4 zone is currently flipping bearish at that handle so will be worth a shot to go short there...
4&1 All Time Profit: $37,496
  • #2,192
  • Oct 29, 2019 9:48am Oct 29, 2019 9:48am
Quoting MzansiObi
{quote} Was wondering where you were.... Welcome Back. The M15 is still showing some bullish divergence, id like to see 1495 just so that i can get a decent short on it again....at the moment the H4 zone is currently flipping bearish at that handle so will be worth a shot to go short there...
Thank you.

H4 stochastic is showing divergence too. Hope it will push 400 pips within these 2 days

Yeah. 1495 may have a short. But I don't think that short will be more than 100 pips.

Green pips to you
  • #2,193
  • Oct 29, 2019 10:10am Oct 29, 2019 10:10am
Quoting goldgirl
{quote} Thank you. H4 stochastic is showing divergence too. Hope it will push 400 pips within these 2 days Yeah. 1495 may have a short. But I don't think that short will be more than 100 pips. Green pips to you
Lolo, every bit counts....Not looking for plenty...that which it gives me i will gladly take, Im just thinking the first retest of the H4 sell zone will also give us something to short, in a way we are right back where we started before the break out last week
4&1 All Time Profit: $37,496
  • #2,194
  • Oct 29, 2019 10:14am Oct 29, 2019 10:14am
Quoting MzansiObi
{quote} Lolo, every bit counts....Not looking for plenty...that which it gives me i will gladly take, Im just thinking the first retest of the H4 sell zone will also give us something to short, in a way we are right back where we started before the break out last week
I am looking a small counter short at 1495 to 1490 while keeping my long term long in running.
  • #2,195
  • Oct 29, 2019 10:16am Oct 29, 2019 10:16am
Quoting goldgirl
{quote} I am looking a small counter short at 1495 to 1490 while keeping my long term long in running.
Understood....
4&1 All Time Profit: $37,496
  • #2,196
  • Oct 29, 2019 11:21am Oct 29, 2019 11:21am
Update: Price back in the H1 Sell Zone,


Buy Orders stops at entry Taking one more short here,

Smaller lot size as id like to see 1495 seeing as how the bullish divergence busy playing out......

Short
1490
SL 1498
TP Open
4&1 All Time Profit: $37,496
  • #2,197
  • Oct 29, 2019 11:38am Oct 29, 2019 11:38am
Hello, I am back from load shedding.
Trading risk and money management is one thing.
Additional extra risk another.
And suddenly I was without electricity.
My smart phone had only 15% battery life left.
I just closed all my orders. Very positive day.
For the rest of this week/month I will be flat, sitting on my hand.

Best of trading to all.
One can live in the shadow of an idea without grasping it.
  • #2,198
  • Oct 29, 2019 12:10pm Oct 29, 2019 12:10pm
Quoting Trader1971
Hello, I am back from load shedding. Trading risk and money management is one thing. Additional extra risk another. And suddenly I was without electricity. My smart phone had only 15% battery life left. I just closed all my orders. Very positive day. For the rest of this week/month I will be flat, sitting on my hand. Best of trading to all.
You better get a UPS. L s will be with us for a long time!
  • #2,199
  • Oct 29, 2019 1:28pm Oct 29, 2019 1:28pm
Bit of an Update:

Just got a bullish H4 close on previous H4 candle after failing to break below a key downside level.
As such will stop selling 1490 handle and wait for further upside Price action to load another set of shorts as there was a bit of a long wick on it, further validating some confluence around that 1494/5 handle...

Associated images for reference
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDH4_LI.jpg Size: 743 KB
Click to Enlarge Name: XAUUSDM15HnS_LI.jpg Size: 735 KB
4&1 All Time Profit: $37,496
  • #2,200
  • Oct 29, 2019 5:42pm Oct 29, 2019 5:42pm
30/10/19


As things stand, price has moved towards our key levels following rallies into our sell zones on the H1 chart, the identified range of 1495 and 1485 gave us a couple of setups and allowed us to recycle the levels on a couple of occasions and bag some pips, not only did price get into our sell zones, but this was further validated by the HnS pattern off the H4 chart that we shorted near the right hand shoulder level Near our Current range High, 1495. Some bullish divergence near the 1485 medium term range floor handle managed to push prices higher and ensure a daily close above the 85 handle, as such will wait and see if it holds or breaks down further as the H1 sell zone has also drifted lower and the H4 has also confirmed the bearish crossover.

H1: Bearish and Sell Zone:1489.43 - 1491.24
H4: Bearish and Sell Zone:1494.22 - 1492.90
D1: Bearish and Sell Zone:1494.45 - 1492.74


Intra day levels
Upside
1506.1
1499.81
1494.33
1493.7
1490.55
1489.24

Downside
1484.43
1481.57
1477.55
1471.44
1470.50



As such outlook will be to have/wait for prices to revisit the Sell Zones to look to continue shorting

H1: (i) Previous days sell setups after retesting H1 Sell ZOnes
(ii) Current H1 Sell Zone
(iii) Bullish RSI divergence
H4: (i) Current Sell Zone as depicted with associated HnS SHoulder level from previous day

Green Pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDH1_LI.jpg Size: 748 KB
Click to Enlarge Name: XAUUSDH4_LI.jpg Size: 747 KB
4&1 All Time Profit: $37,496
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