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4 + 1 (Metals) strategy

  • #2,241
  • Oct 31, 2019 8:21am Oct 31, 2019 8:21am
Quoting MzansiObi
{quote} Nice, am looking at shorting 1509 SL 1515 TP Open Hope to get in on some action today
Closing Half Stops at entry,

Will keep selling the handle till it either breaks to the top side or drops lower, m15 beginning to show some bearish divergence so will recycle this handle till it decides what its doing
4&1 All Time Profit: $37,496
  • #2,242
  • Oct 31, 2019 8:46am Oct 31, 2019 8:46am
Quoting MzansiObi
{quote} Closing Half Stops at entry, Will keep selling the handle till it either breaks to the top side or drops lower, m15 beginning to show some bearish divergence so will recycle this handle till it decides what its doing
Associated chart....
Stops taken out @ BE will look to load another short again with similar stops..
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15_LI.jpg Size: 745 KB
4&1 All Time Profit: $37,496
  • #2,243
  • Oct 31, 2019 8:55am Oct 31, 2019 8:55am
Quoting goldgirl
{quote} I add another small short too at 1509
The up strength is strong. I add 2 lots long at 1509 and close my 1509 short. Target tp3 1522
  • #2,244
  • Oct 31, 2019 9:13am Oct 31, 2019 9:13am
Quoting goldgirl
{quote} The up strength is strong. I add 2 lots long at 1509 and close my 1509 short. Target tp3 1522
Im looking at it and the Zones are too far off for me to enter any long sets right now, just looking at ADR aswell now....Pullback is inevitable
4&1 All Time Profit: $37,496
  • #2,245
  • Oct 31, 2019 9:40am Oct 31, 2019 9:40am
Update: there's just one more intra day level to the upside left. If that goes. We start referencing the weekly numbers......needless to say bulls been in control all day and never gave an opportunity to go long by getting into the H1 buy zone...... Congrats Golden girl. You been riding this momentum all day....
4&1 All Time Profit: $37,496
  • #2,246
  • Oct 31, 2019 9:41am Oct 31, 2019 9:41am
Quoting MzansiObi
{quote} Im looking at it and the Zones are too far off for me to enter any long sets right now, just looking at ADR aswell now....Pullback is inevitable
When gold is really moving during strong volatility period, very minimal pullback will involve. Norm range daily will be 300-400 points. I ever witnessed daily bull for 800-1000 points before when Russia and China government pick up gold from bottom
  • #2,247
  • Oct 31, 2019 9:46am Oct 31, 2019 9:46am
I am new to trading please help to learn how to trade.. I am very much interested, but have no idea from where to start and what are the things i have check before putting trade. please help guys.
  • #2,248
  • Oct 31, 2019 10:05am Oct 31, 2019 10:05am
Quoting goldgirl
{quote} When gold is really moving during strong volatility period, very minimal pullback will involve. Norm range daily will be 300-400 points. I ever witnessed daily bull for 800-1000 points before when Russia and China government pick up gold from bottom
Granted and agreed, lol, i just wanted some sort of structure to launch from and didnt get that all day ever since london Open. Its no train smash, at times one needs to be patient...


We just had our first bearish candle on the H1 so lets see if the m15 bearish divergence picks up.....
4&1 All Time Profit: $37,496
  • #2,249
  • Oct 31, 2019 10:19am Oct 31, 2019 10:19am
Quoting MzansiObi
{quote} Granted and agreed, lol, i just wanted some sort of structure to launch from and didnt get that all day ever since london Open. Its no train smash, at times one needs to be patient... We just had our first bearish candle on the H1 so lets see if the m15 bearish divergence picks up.....
I noticed the M15 divergence too. Volume is high today. Not too sure if it gonna pullback from here as the final tp is around 1522
  • #2,250
  • Oct 31, 2019 10:23am Oct 31, 2019 10:23am
Quoting always.ali52
I am new to trading please help to learn how to trade.. I am very much interested, but have no idea from where to start and what are the things i have check before putting trade. please help guys.
Hey Ali, welcome......Whats your background and knowledge regarding trading?

Have you checked out Page one of the systems thread? Heres the link, please check that and give a shout out what you need help with....


https://www.metalsmine.com/showthread.php?t=922895
4&1 All Time Profit: $37,496
  • #2,251
  • Oct 31, 2019 10:25am Oct 31, 2019 10:25am
Quoting MzansiObi
{quote} Granted and agreed, lol, i just wanted some sort of structure to launch from and didnt get that all day ever since london Open. Its no train smash, at times one needs to be patient... We just had our first bearish candle on the H1 so lets see if the m15 bearish divergence picks up.....
M15 rsi still pointing up though stochastic is down. Upside divergence. My gut feel is to resume upside. Unless rsi pointing down. 35 mins to London close. May have more to play out.
  • #2,252
  • Oct 31, 2019 10:44am Oct 31, 2019 10:44am
Quoting goldgirl
{quote} M15 rsi still pointing up though stochastic is down. Upside divergence. My gut feel is to resume upside. Unless rsi pointing down. 35 mins to London close. May have more to play out.
Just noticed there are already 3 black candle on M15. Pullback to 1504 may be in place
  • #2,253
  • Oct 31, 2019 10:45am Oct 31, 2019 10:45am
Quoting goldgirl
{quote} M15 rsi still pointing up though stochastic is down. Upside divergence. My gut feel is to resume upside. Unless rsi pointing down. 35 mins to London close. May have more to play out.
My RSI is pointing lower.....
WHat are your chart settings?

Just noted the first bearish H1 close and all near an intra day level as such will leave this to run and look to trail soon
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.rM15_LI.jpg Size: 736 KB
4&1 All Time Profit: $37,496
  • #2,254
  • Oct 31, 2019 11:37am Oct 31, 2019 11:37am
Quoting MzansiObi
{quote} Hey Ali, welcome......Whats your background and knowledge regarding trading? Have you checked out Page one of the systems thread? Heres the link, please check that and give a shout out what you need help with.... https://www.metalsmine.com/showthread.php?t=922895
Thank you buddy I have check your link it's really helpful. I'm in beginner level for trading now but learning from all knowledgable people like you. I have some basic knowledge and gaining slowly.
Thank for your support!!
  • #2,255
  • Oct 31, 2019 1:04pm Oct 31, 2019 1:04pm
Quoting MzansiObi
{quote} 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
Thanks a lot for your feedback.I will check the side you have indicated.
  • #2,256
  • Nov 1, 2019 12:32am Nov 1, 2019 12:32am
01/11/19

Morning Traders
Following yesterdays PA, and chart setup ahead of the day, we had a bullish outlook and were looking for price to pullback into our buy zone but the bullish momentum was all too strong and never gave us a chance to get a buy dip going. Price rallied and found interim resistance near our second last upside level for the day following signs of hidden bearish divergence on the m15. Currently, the H1 is also showing some bearish RSI divergence but price is currently in the H1 Buy zone. Yesterdays daily close has resulted in the daily chart flipping neutral to bullish and as such special caution ought ti be applied when looking for intra day setups today.

Seeing as how the bearish divergence is playing out, will hold onto current sell orders and look to first hour of London Session for guidance


As things stand
H1 Bullish:1510.04 - 1506.52
H4 Bullish:1503.44 - 1499.82
D1 Bullish:1498.02 - 1497.21


Intra day Levels
Upside
1538.35
1523.99
1518.47
1516.39
1514.56

Downside
1506.51
1503.07
1501
1497.19
1495.87


Trade Safe
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.rH1.png Size: 34 KB
4&1 All Time Profit: $37,496
  • #2,257
  • Nov 1, 2019 1:08am Nov 1, 2019 1:08am
Quoting MzansiObi
01/11/19 Morning Traders Following yesterdays PA, and chart setup ahead of the day, we had a bullish outlook and were looking for price to pullback into our buy zone but the bullish momentum was all too strong and never gave us a chance to get a buy dip going. Price rallied and found interim resistance near our second last upside level for the day following signs of hidden bearish divergence on the m15. Currently, the H1 is also showing some bearish RSI divergence but price is currently in the H1 Buy zone. Yesterdays daily close has resulted in...
Id like to add the following level to the intra day numbers aswell

1526.20
4&1 All Time Profit: $37,496
  • #2,258
  • Nov 1, 2019 1:21am Nov 1, 2019 1:21am
Quoting MzansiObi
{quote} My RSI is pointing lower..... WHat are your chart settings? Just noted the first bearish H1 close and all near an intra day level as such will leave this to run and look to trail soon {image}
Right now not only my stoch 15 is pointing down, my 30, 1hr and 4hr is also down. Leave my counter short running. Long trade remain 1/4 lot from 1485. I am looking to close all shorts and add major long at 1496
  • #2,259
  • Nov 1, 2019 2:43am Nov 1, 2019 2:43am
Sorry Mzansi deleted my comment yesterday, I figured price would reach 1512 but didn't have enough technical evidence and it felt more like a hunch ....lol shameful behavior on my part ....

My Outlook:
Price ranging 1510 - Obviously most likely as traders await the NFP later today, profits are locked-in .

We're currently seeing some upside; I wonder if we will see further upside then the usual Friday sell-off?

Long : If price clears 1514,85 ---->TP1 1519,90 -----> TP2 1525,95 -----> TP3 1534,18

I'll start to short if price reaches @ 1503 ---->TP1 1497 ------>TP2 1484,88

I do prefer locating key levels that determine current trend direction for safer trading. However I did get caught Wed night entered a short at 1483 looking for 1477 and price reversed pretty quick, I held on until 1496,5 . Normally I would have opened a long position right there (1481 -1483), but Ive been long overdue a bad trade with Gold lol... so we take it in stride.

Trade Well, green pips friday to all!!!
The more you learn, the more you see
  • #2,260
  • Nov 1, 2019 2:53am Nov 1, 2019 2:53am
Long at this moment from 1509, SL at BE, TP for time being at 1513.

Was also caught with shorts, but they still running in DD.
With gold I have learned that the rule apply! What goes up, must come down. Just have to wait.
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