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4 + 1 (Metals) strategy

  • #2,281
  • Nov 1, 2019 2:19pm Nov 1, 2019 2:19pm
Quoting LouiseZA
Weekend for me now! Trade safe!
I'm going to join you guys as well. Had a humbling week. Been really grasping a lot of these concepts here and making good trading decisions all month. But, a few trades this week humbled me. So, I am letting the frustration clear and preparing to come back next week with fresh eyes and a mind of steel! Have a great weekend everyone.
If in doubt, paddle out!
  • #2,282
  • Nov 1, 2019 3:33pm Nov 1, 2019 3:33pm
Quoting goldgirl
{quote} Already closed all my counter short at 1504 and go major long at 1504. SL lift up to 1498. Tp1 1523, Tp2 1535
H1 Buy zone has been forming a strong support base all day....

Calling it a week, looking forward to the weekly close and seeing how we open next week....



Green Pips
4&1 All Time Profit: $37,496
  • #2,283
  • Nov 2, 2019 3:00am Nov 2, 2019 3:00am
02/11/19

Just a thought:
Weekly close above 1510 is a good sign for Bulls,

Both the H1 and H4 produced abit of a bounce from the buy zones, H1 consolidated abit and then rallied, very key to point out the overhead resistance that price is retesting as can be seen on the D1, so will be interesting to see how the retest of the resistance zone holds up considering the h1 bearish divergence.....

Weekly open will be interesting.....

As for now, the Rugby Final awaits......
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSD.rDaily_LI.jpg Size: 733 KB
Click to Enlarge Name: XAUUSD.rH1_LI.jpg Size: 760 KB
Click to Enlarge Name: XAUUSD.rH4_LI.jpg Size: 756 KB
4&1 All Time Profit: $37,496
  • #2,284
  • Nov 2, 2019 3:10am Nov 2, 2019 3:10am
Quoting MzansiObi
02/11/19 Just a thought: Weekly close above 1510 is a good sign for Bulls, Both the H1 and H4 produced abit of a bounce from the buy zones, H1 consolidated abit and then rallied, very key to point out the overhead resistance that price is retesting as can be seen on the D1, so will be interesting to see how the retest of the resistance zone holds up considering the h1 bearish divergence..... Weekly open will be interesting..... As for now, the Rugby Final awaits...... {image} {image} {image}
Breakout and close above 1520 may continue bulls else it would face very strong resistance
P.S. Trade with the discipline of Money Management and Risk Management.
  • #2,285
  • Nov 2, 2019 3:22am Nov 2, 2019 3:22am
Quoting farukh
{quote} Breakout and close above 1520 may continue bulls else it would face very strong resistance
Agreed, and the D1 chart has also flipped and made its bullish zone wider, the H1 bearish divergence is suggesting there may be strong overhead resistance with price attempting to push higher

The weekly zone has remained intact....
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDWeekly_LI.jpg Size: 725 KB
4&1 All Time Profit: $37,496
  • #2,286
  • Edited 10:32am Nov 2, 2019 9:41am | Edited 10:32am
South Africa
Attached Image (click to enlarge)
Click to Enlarge Name: FB_IMG_1572705379499.jpg Size: 24 KB
  • #2,287
  • Nov 3, 2019 3:46am Nov 3, 2019 3:46am
Quoting SurfsUp
{quote} I'm going to join you guys as well. Had a humbling week. Been really grasping a lot of these concepts here and making good trading decisions all month. But, a few trades this week humbled me. So, I am letting the frustration clear and preparing to come back next week with fresh eyes and a mind of steel! Have a great weekend everyone.
I lost somw with oil. But managed to cover those losses wih the gold trades. I feel your pain. Cause the profit was cancelled out by my oil trades.
  • #2,288
  • Nov 3, 2019 7:51am Nov 3, 2019 7:51am
[quote = MzansiObi; 12595449] {quote} Zona beli H1 telah membentuk basis dukungan yang kuat sepanjang hari .... Menyebutnya seminggu, menantikan penutupan mingguan dan melihat bagaimana kami membuka minggu depan .... Green Pips [/mengutip]
I sold last week and now it's still floating loss
  • #2,289
  • Nov 3, 2019 11:54pm Nov 3, 2019 11:54pm
Quoting LouiseZA
South Africa {image}
The Celebrations only stopped yesterday Lousie....but we will continue celebrating over the following weekend.
4&1 All Time Profit: $37,496
  • #2,290
  • Nov 4, 2019 12:04am Nov 4, 2019 12:04am
04/11/19

As highlighted over the weekend, price is currently challenging some overhead resistance and as such will need to wait it out and see if the bearish RSI divergence will also stop prices from rallying higher, currently, all of our timeframes (H1,H4,D1 and W1) are bullish, As such will look to trade off of the H1 and H4 zones in conjucntion with our upside and downside levels.

Weekly Levels
Upside
1561.09
1546.31
1538.2
1525.28
1517.07

Downside
1502.69
1498.59
1494.48
1490.49
1482.28
1479.57





Monday Levels
Upside
1531.65
1526.20
1523.85
1518.94
1515.99

Downside
1508.61
1506.23
1503.28
1497.36
1493.52
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDDaily.png Size: 26 KB
Click to Enlarge Name: XAUUSDH1.png Size: 25 KB
Click to Enlarge Name: XAUUSDH4.png Size: 27 KB
Click to Enlarge Name: XAUUSDWeekly.png Size: 23 KB
4&1 All Time Profit: $37,496
  • #2,291
  • Nov 4, 2019 2:00am Nov 4, 2019 2:00am
Quoting MzansiObi
{quote} The Celebrations only stopped yesterday Lousie....but we will continue celebrating over the following weekend.
even the ZAR celebrated! Opened with a huge gap against $.
  • #2,292
  • Nov 4, 2019 2:23am Nov 4, 2019 2:23am
Quoting MzansiObi
{quote} The Celebrations only stopped yesterday Lousie....but we will continue celebrating over the following weekend.
Cant say I am impressed by the England lads and the manner in which they sulked after the game, some refusing to wear their medals. I shall not be supporting England going forward if they continue sportsmanship along those lines.
Well played the Boks.
  • #2,293
  • Nov 4, 2019 2:25am Nov 4, 2019 2:25am
Quoting MzansiObi
04/11/19 As highlighted over the weekend, price is currently challenging some overhead resistance and as such will need to wait it out and see if the bearish RSI divergence will also stop prices from rallying higher, currently, all of our timeframes (H1,H4,D1 and W1) are bullish, As such will look to trade off of the H1 and H4 zones in conjucntion with our upside and downside levels. Weekly Levels Upside 1561.09 1546.31 1538.2 1525.28 1517.07 Downside 1502.69 1498.59 1494.48 1490.49 1482.28 1479.57 Monday Levels Upside 1531.65 1526.20 1523.85 1518.94...
H1: Buy Zone:1511.94 - 1510.39
H4: Buy Zone:1508.13 - 1503.85
D1: Buy Zone:1500.16 - 1497.75


Lets see how the current hourly closes, but looking to let the Divergence play out and look long from the lower band of the H4 buy Zone
4&1 All Time Profit: $37,496
  • #2,294
  • Nov 4, 2019 2:29am Nov 4, 2019 2:29am
Quoting WhoDunIt
{quote} Cant say I am impressed by the England lads and the manner in which they sulked after the game, some refusing to wear their medals. I shall not be supporting England going forward if they continue sportsmanship along those lines. Well played the Boks.
They were simply out muscled, the springboks play a defensive game where they look to absorb pressure and then counter attack, English back-line never got into the....But they had a good tournament to be honest.....

Quoting LouiseZA
{quote} even the ZAR celebrated! Opened with a huge gap against $.

Lol, i havent checked, was away from the charts since the springbok victory bud....so am slowly easing into things for the week ahead....
4&1 All Time Profit: $37,496
  • #2,295
  • Nov 4, 2019 3:31am Nov 4, 2019 3:31am
Update:

London Sold off and the bearish divergence and momentum are looking to push price lower, as such will sell rallies and only look to go long near the H4 lower band and see if we can tag the first intra day level...
4&1 All Time Profit: $37,496
  • #2,296
  • Nov 4, 2019 3:33am Nov 4, 2019 3:33am
Quoting Doeladjah
[quote = MzansiObi; 12595449] {quote} Zona beli H1 telah membentuk basis dukungan yang kuat sepanjang hari .... Menyebutnya seminggu, menantikan penutupan mingguan dan melihat bagaimana kami membuka minggu depan .... Green Pips [/mengutip] I sold last week and now it's still floating loss
Hey Doeladjah, sorry for the late response bud, at what level did you go short?
There is bearish sentiment at the moment so there may be chances to get some profit with the dips if looking to short, but the overall structure remains bullish
4&1 All Time Profit: $37,496
  • #2,297
  • Nov 4, 2019 4:22am Nov 4, 2019 4:22am
Took my profit at 1512 and shorted from there, SL 1515 and Tp 1498
  • #2,298
  • Nov 4, 2019 5:59am Nov 4, 2019 5:59am
Quoting goldgirl
Took my profit at 1512 and shorted from there, SL 1515 and Tp 1498
Have joined you with that short setup, i took small buy scalp following the bounce off of the m15 200 and have already taken some off the table.

Lets see if the bears can push it lower into the h4 buy zone.....
Short
1512.10
SL 1517
TP Open
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.rM15BuyOrder_LI.jpg Size: 749 KB
4&1 All Time Profit: $37,496
  • #2,299
  • Nov 4, 2019 7:24am Nov 4, 2019 7:24am
Quoting MzansiObi
{quote} Have joined you with that short setup, i took small buy scalp following the bounce off of the m15 200 and have already taken some off the table. Lets see if the bears can push it lower into the h4 buy zone..... Short 1512.10 SL 1517 TP Open {image}
50% Closed of the short, Stops at Entry.
Lets see if the m15 200 Ema holds up again or we get below it...
4&1 All Time Profit: $37,496
  • #2,300
  • Nov 4, 2019 7:40am Nov 4, 2019 7:40am
Update:
M15 chart printing out another possible break out pattern....So long as the m15 200 ema maintains its support structure the current m15 Inverse HnS pattern will validate the H1 buy zone and see us test the first few upside levels....The bearish momentum is still intact but the first hurlde lies at 1508.98

As such, will look to try and short the top of the current inverse pattern at 1513.55



Green Pips
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15NewSetup_LI.jpg Size: 730 KB
4&1 All Time Profit: $37,496
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