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4 + 1 (Metals) strategy

  • #2,221
  • Oct 30, 2019 2:15pm Oct 30, 2019 2:15pm
Quoting MzansiObi
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...
Filled Lets see
4&1 All Time Profit: $37,496
  • #2,222
  • Oct 30, 2019 3:26pm Oct 30, 2019 3:26pm
Quoting MzansiObi
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...
Hey Mzansi and all, sorry been missing the fun the last few days. Had an unexpected event take me away since Saturday. What have I been missing? Looks like we are in selling stance today. I entered my first trade (short) of the day at 1495.4. SL 1500. TP 1 at 1493 and TP 2 around 1490.
If in doubt, paddle out!
  • #2,223
  • Oct 30, 2019 11:26pm Oct 30, 2019 11:26pm
31/10/19

Morning Traders, Yesterdays price action worked out accordingly to our plan, that is, sell the H1 sell zone, get a couple of pips, and the moment we realized a base had been formed near the first downside level, we moved to selling the H4 sell zone, price consolidated abit around the H4 sell zone before giving us the drop lower however the divergence on the lower time frames allowed us to take advantage of the H4 sell zone. The daily close back above the 1485 handle and near the 1485 handle puts us back at the top of our interim range that was also Pointed out by Golden Girl(Thanks).

However price closing back above the 95 handle and also above our M15,H1 and H4 EMA's, exposes us to revisit the 1500 and 1503.78 mark....we would need to see the H1 become bullish and so too the H4.... Its worth noting any bull action should be traded with proper risk and money management as the D1 chart is still bearish even though the intra day moves may move up and down and also the H4 HnS structure remains valid so long as the shoulder level retains its shape/structure, at the moment the current rally is more a retest if that shoulder level.....we did mention that the longer time frame structures tend to take longer to play out and as such we will gladly take advantage of the moves inbetween them while we wait for them to materialize


As things stand
H1 Bullish: Buy Zone: 1495.41 - 1493.89
H4 Neutral
D1: Bearish to Neutral:


Intraday Levels
Upside
1516.39(Extension)
1510.60
1506.51
1503.81
1501

Downside
1495.28
1493.92
1490.74
1485.61
1482.61
1475.73

H1 Chart, stoch beginning to point lower, as such looking for dips towards the H1 Buy Zone and look long, will be even better if London Bought on as it would further validate the bias for the second session of the day leading into the NY session....


Trade safe
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDH4AmAnalyis_LI.jpg Size: 740 KB
Click to Enlarge Name: XAUUSDH1BuyZone_LI.jpg Size: 741 KB
4&1 All Time Profit: $37,496
  • #2,224
  • Oct 30, 2019 11:28pm Oct 30, 2019 11:28pm
Quoting SurfsUp
{quote} Hey Mzansi and all, sorry been missing the fun the last few days. Had an unexpected event take me away since Saturday. What have I been missing? Looks like we are in selling stance today. I entered my first trade (short) of the day at 1495.4. SL 1500. TP 1 at 1493 and TP 2 around 1490.
Hey Bud, so long as youre good my man. Yeah price did get a bit of rejection from the the 95 handle and tagged some levels to the downside....lets see what London does and how price behaves around the zones.....
4&1 All Time Profit: $37,496
  • #2,225
  • Oct 31, 2019 12:20am Oct 31, 2019 12:20am
Quoting MzansiObi
{quote} Hey Bud, so long as youre good my man. Yeah price did get a bit of rejection from the the 95 handle and tagged some levels to the downside....lets see what London does and how price behaves around the zones.....

Greetings

I always trade news releases as per Forex Factory or Investing.com schedule to see upcoming events but they both do not have a release for events happening in South Africa.
Yesterday there was a budget speech and the market moved up aggressively and on Tuesday president Ramaphosa briefed the media and the market also moved.

Do you perhaps know where I must check if there would be any upcoming events to happen in South Africa?

Thank you in advance for your assistance


  • #2,226
  • Oct 31, 2019 1:06am Oct 31, 2019 1:06am
Quoting Mmase12
{quote} Greetings I always trade news releases as per Forex Factory or Investing.com schedule to see upcoming events but they both do not have a release for events happening in South Africa. Yesterday there was a budget speech and the market moved up aggressively and on Tuesday president Ramaphosa briefed the media and the market also moved. Do you perhaps know where I must check if there would be any upcoming events to happen in South Africa? Thank you in advance for your assistance
Hey Mmase,

Unfortunately i do not know where one would get a reliable South African fundamental data feed, however i know there is an event data feed on the JSE website:
https://www.jse.co.za/services/sens-announcement

Another Alternative would maybe be Fin24....

Will try and inquire a little more around that issue for you as i know youre not the first to site this challenge....

Kind Regards
4&1 All Time Profit: $37,496
  • #2,227
  • Oct 31, 2019 1:28am Oct 31, 2019 1:28am
Quoting MzansiObi
31/10/19 Morning Traders, Yesterdays price action worked out accordingly to our plan, that is, sell the H1 sell zone, get a couple of pips, and the moment we realized a base had been formed near the first downside level, we moved to selling the H4 sell zone, price consolidated abit around the H4 sell zone before giving us the drop lower however the divergence on the lower time frames allowed us to take advantage of the H4 sell zone. The daily close back above the 1485 handle and near the 1485 handle puts us back at the top of our interim range that...
Bank some pips at 1498. Looking for revisit to 1493-2 level for adding another lot of long. SL remain at 1480. Tp1 1507 Tp2 1522
  • #2,228
  • Oct 31, 2019 1:42am Oct 31, 2019 1:42am
Quoting goldgirl
{quote} Bank some pips at 1498. Looking for revisit to 1493-2 level for adding another lot of long. SL remain at 1480. Tp1 1507 Tp2 1522
Looking at the H1 which is in buy dip mode and the H4 thats flattening out, im also looking to buy dips, but would like to get extra validation from that first hour of trading in the London Session......


Just under two hours to go......trying to prep and mark things out for the day ahead
4&1 All Time Profit: $37,496
  • #2,229
  • Oct 31, 2019 3:04am Oct 31, 2019 3:04am
Quoting MzansiObi
{quote} Looking at the H1 which is in buy dip mode and the H4 thats flattening out, im also looking to buy dips, but would like to get extra validation from that first hour of trading in the London Session...... Just under two hours to go......trying to prep and mark things out for the day ahead
Gold is pushing up. Waiting either for my Tp1 1507 or buy limit at 1493. Will close half lot at 1503. Too many resistances at 1500-1510 range.
  • #2,230
  • Oct 31, 2019 3:09am Oct 31, 2019 3:09am
Quoting goldgirl
{quote} Gold is pushing up. Waiting either for my Tp1 1507 or buy limit at 1493. Will close half lot at 1503. Too many resistances at 1500-1510 range.
Jip, and am still waiting on price to give me a chance to enter the long rally, still patient to enter....
4&1 All Time Profit: $37,496
  • #2,231
  • Oct 31, 2019 3:25am Oct 31, 2019 3:25am
[quote = MzansiObi; 12591737] {quote} Jip, dan saya masih menunggu harga untuk memberi saya kesempatan untuk memasuki reli panjang, masih sabar untuk masuk .... [/ quote]
Saya mengatur PO 1495 SL 1491. What do you think?
  • #2,232
  • Oct 31, 2019 3:29am Oct 31, 2019 3:29am
Quoting MzansiObi
{quote} Jip, and am still waiting on price to give me a chance to enter the long rally, still patient to enter....

Hi Mz

Today is month end. Do you think at every month end gold price go down as monthly future contract closes at month end.
  • #2,233
  • Oct 31, 2019 3:36am Oct 31, 2019 3:36am
Quoting Doeladjah
[quote = MzansiObi; 12591737] {quote} Jip, dan saya masih menunggu harga untuk memberi saya kesempatan untuk memasuki reli panjang, masih sabar untuk masuk .... [/ quote] Saya mengatur PO 1495 SL 1491. What do you think?
Hey D. I'm assuming you're looking to buy at 1495 with stop loss at 91?

I'm also looking to buy but am looking a little lower around 93 to buy. Want to see how this hourly candle closes
4&1 All Time Profit: $37,496
  • #2,234
  • Oct 31, 2019 3:37am Oct 31, 2019 3:37am
Quoting Nanotech
{quote} Hi Mz Today is month end. Do you think at every month end gold price go down as monthly future contract closes at month end.
At the moment we are rallying and as such looking to join the momentum if price gives me a chance to enter. Will look for shorts above 1505 around some daily levels should we manage to get there
4&1 All Time Profit: $37,496
  • #2,235
  • Oct 31, 2019 4:10am Oct 31, 2019 4:10am
Update:
London Bought on, and the H1 is still bullish, H4 is crossing over bullish around the 1495(Doeladjah's preffered entry) handle and up till now PA is yet to give an opportunity to go long as such will look for the first dip into the H1 buy Zone to go long.


Pending Long
1497.52
SL 1489
TP Open


Will watch PA near 1503.81, if it struggles to close above it or we get an hourly close/ bear candle thereabouts, it may well worth be taking a short
Heres a Zoomed out view of the H1 CHart as things stand

And the H4 with its attempted crossover....Looking at the stochs to cross over lower to give us a tag or touch of the buy zones(H1& or H4)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDH1LO_LI.jpg Size: 839 KB
Click to Enlarge Name: XAUUSDH4Crossover_LI.jpg Size: 717 KB
4&1 All Time Profit: $37,496
  • #2,236
  • Oct 31, 2019 4:14am Oct 31, 2019 4:14am
Quoting goldgirl
{quote} Gold is pushing up. Waiting either for my Tp1 1507 or buy limit at 1493. Will close half lot at 1503. Too many resistances at 1500-1510 range.
Closed half at 1503. Counter short at 1503 towards 1493. May close half counter short at 1495.
  • #2,237
  • Oct 31, 2019 6:54am Oct 31, 2019 6:54am
Quoting goldgirl
{quote} Closed half at 1503. Counter short at 1503 towards 1493. May close half counter short at 1495.
I havent had an opportunity to go long all day, had been waiting on price dipping into my zones, instead now that we are above the 1505 mark im looking for short opportunities now
4&1 All Time Profit: $37,496
  • #2,238
  • Oct 31, 2019 6:54am Oct 31, 2019 6:54am
Quoting goldgirl
{quote} Closed half at 1503. Counter short at 1503 towards 1493. May close half counter short at 1495.
Closed another half of my remaining major long trade for entry 1485 at 1507 and remain my counter short of 1503. Add small lot of counter short at 1507. Counter short tp 1500
  • #2,239
  • Oct 31, 2019 7:30am Oct 31, 2019 7:30am
Quoting goldgirl
{quote} Closed another half of my remaining major long trade for entry 1485 at 1507 and remain my counter short of 1503. Add small lot of counter short at 1507. Counter short tp 1500
Nice, am looking at shorting

1509
SL 1515
TP Open



Hope to get in on some action today
4&1 All Time Profit: $37,496
  • #2,240
  • Oct 31, 2019 7:37am Oct 31, 2019 7:37am
Quoting MzansiObi
{quote} Nice, am looking at shorting 1509 SL 1515 TP Open Hope to get in on some action today
I add another small short too at 1509
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