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4 + 1 (Metals) strategy

  • #2,201
  • Oct 29, 2019 11:50pm Oct 29, 2019 11:50pm
First trade of the day:

Short: 1489.15
SL:1496
TP open


Just selling off of the H1 sell zone.
4&1 All Time Profit: $37,496
  • #2,202
  • Oct 30, 2019 12:13am Oct 30, 2019 12:13am
Quoting MzansiObi
First trade of the day: Short: 1489.15 SL:1496 TP open Just selling off of the H1 sell zone.
Why do you sell? Are there any sell signals?
  • #2,203
  • Oct 30, 2019 12:42am Oct 30, 2019 12:42am
Quoting Doeladjah
{quote} Why do you sell? Are there any sell signals?
Hey Doel,
Price in the 1 hour sell zone and the 1489.5 handle
  • #2,204
  • Oct 30, 2019 1:29am Oct 30, 2019 1:29am
Quoting MzansiObi
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...
Hi Mzansi Obi,

thanks for sharing your analysis. How you define intraday levels?
  • #2,205
  • Oct 30, 2019 2:55am Oct 30, 2019 2:55am
Update: previous hourly close was bullish and price seems to have formed a supportive base at this first downside level, also the H1 RSi showing hidden bullish divergence as such may be worthwhile waiting on 1495.....
4&1 All Time Profit: $37,496
  • #2,206
  • Oct 30, 2019 4:13am Oct 30, 2019 4:13am
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.
Hope your devices are charged and good to go.....

Update: So London Bought on, a key downside level holding as support, bullish H1 Divergence, as such best we wait for the 95 handle to load more shorts...


Trade Safe
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1LO_LI.jpg Size: 740 KB
4&1 All Time Profit: $37,496
  • #2,207
  • Oct 30, 2019 5:50am Oct 30, 2019 5:50am
Update:
Bullish divergence finally pushing price out higher, will take a short jab at current upside level
SHort
1493.75
SL 1503
TP Open


H1 200 EMA lies there about
4&1 All Time Profit: $37,496
  • #2,208
  • Oct 30, 2019 5:54am Oct 30, 2019 5:54am
Quoting MzansiObi
Update: Bullish divergence finally pushing price out higher, will take a short jab at current upside level SHort 1493.75 SL 1503 TP Open H1 200 EMA lies there about
Plus the H4 sell zone......thus building up confluence
4&1 All Time Profit: $37,496
  • #2,209
  • Oct 30, 2019 6:13am Oct 30, 2019 6:13am
Quoting MzansiObi
Update: Bullish divergence finally pushing price out higher, will take a short jab at current upside level SHort 1493.75 SL 1503 TP Open H1 200 EMA lies there about
Very good entry.
Also at the daily R1 - 1493.83, if I look at pivot levels.
I am just looking and try to learn more.
I am flat, no trading today, event risk to high with lack of experience and confidence.
Good trading bro
One can live in the shadow of an idea without grasping it.
  • #2,210
  • Oct 30, 2019 6:34am Oct 30, 2019 6:34am
Quoting Trader1971
{quote} Very good entry. Also at the daily R1 - 1493.83, if I look at pivot levels. I am just looking and try to learn more. I am flat, no trading today, event risk to high with lack of experience and confidence. Good trading bro
Let's see how it goes. Lol, I'm guessing you made your fair share for the week hence you opted to stay out rest of the week?
4&1 All Time Profit: $37,496
  • #2,211
  • Oct 30, 2019 7:31am Oct 30, 2019 7:31am
Price has climbed back above the m15 200 MA, as such, will look at the m15 chart for some bearish divergence before adding anther short at the 95 handle....H1 RSI almost at that 70 line so will begin looking for possible setups since well price is in our H4 and D1 sell zone...


Woul like to see the m15 paint out this picture....
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15NY Outlook_LI.jpg Size: 748 KB
4&1 All Time Profit: $37,496
  • #2,212
  • Oct 30, 2019 7:49am Oct 30, 2019 7:49am
Quoting MzansiObi
Update: Bullish divergence finally pushing price out higher, will take a short jab at current upside level SHort 1493.75 SL 1503 TP Open H1 200 EMA lies there about
Closing Half Here at 1490, Rest at BE
4&1 All Time Profit: $37,496
  • #2,213
  • Oct 30, 2019 7:58am Oct 30, 2019 7:58am
Quoting MzansiObi
{quote} Closing Half Here at 1490, Rest at BE
Should these stops be taken out , will look to short the 94.5 handle as the m15 bearish divergence has begun playing out....



Pending Short
1494.5
SL 1503
TP Open
4&1 All Time Profit: $37,496
  • #2,214
  • Oct 30, 2019 9:05am Oct 30, 2019 9:05am
Quoting MzansiObi
{quote} Should these stops be taken out , will look to short the 94.5 handle as the m15 bearish divergence has begun playing out.... Pending Short 1494.5 SL 1503 TP Open
Filled......
4&1 All Time Profit: $37,496
  • #2,215
  • Oct 30, 2019 9:52am Oct 30, 2019 9:52am
Quoting MzansiObi
{quote} Filled......
Closing half. Leaving a runner with stops at BE.....
4&1 All Time Profit: $37,496
  • #2,216
  • Oct 30, 2019 12:28pm Oct 30, 2019 12:28pm
Quoting MzansiObi
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...
Price currently consolidating near the 4th upside level.......Bearish divergence on m15 still in play so may require a bit of patience....
4&1 All Time Profit: $37,496
  • #2,217
  • Oct 30, 2019 1:00pm Oct 30, 2019 1:00pm
Quoting MzansiObi
{quote} Price currently consolidating near the 4th upside level.......Bearish divergence on m15 still in play so may require a bit of patience....
There we go....Drop it like its hot.....
4&1 All Time Profit: $37,496
  • #2,218
  • Oct 30, 2019 1:07pm Oct 30, 2019 1:07pm
Quoting MzansiObi
{quote} There we go....Drop it like its hot.....
is this the impact of the news?
  • #2,219
  • Oct 30, 2019 1:11pm Oct 30, 2019 1:11pm
Quoting Doeladjah
{quote} is this the impact of the news?
Lol, the fundie guys will say it is due to the news yes, but if you recall we have been pointing out the bearish divergence on the charts a couple of hours ago shortly after the NY open....in my opinion the news helped fuel the technical perspective...
4&1 All Time Profit: $37,496
  • #2,220
  • Oct 30, 2019 1:19pm Oct 30, 2019 1:19pm
Update:
The 1494.33 handle capping prices as such will wait to see if price can challenge some of the downside levels before the daily close, the m15 is still pointing lower and as a result

Will look to short 1493
Stop loss 1500
Tp Open


Very Important to note, price is still in our D1 and H4 Sell Zones...
4&1 All Time Profit: $37,496
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