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4 + 1 (Metals) strategy

  • #2,321
  • Nov 5, 2019 8:14am Nov 5, 2019 8:14am
Quoting farukh
I am keeping my short since 1510 very patiently. Now I think I should end it on any small signal
Definately isn't.....it's broken down each of the downside targets and now both long trades for today been taken out.......I think I cashed out too soon on the shorts.....

Will observe and wait for first bullish h1 candle and it will be good if it's at/near a downside level for clarity.....


Green pips
4&1 All Time Profit: $37,496
  • #2,322
  • Nov 5, 2019 8:24am Nov 5, 2019 8:24am
Quoting MzansiObi
{quote} Definately isn't.....it's broken down each of the downside targets and now both long trades for today been taken out.......I think I cashed out too soon on the shorts..... Will observe and wait for first bullish h1 candle and it will be good if it's at/near a downside level for clarity..... Green pips
Now it is touching trendline, breakout of 1488 and close below will bring it more downward else close above 1493 will give some oxygen to long
P.S. Trade with the discipline of Money Management and Risk Management.
  • #2,323
  • Nov 5, 2019 8:28am Nov 5, 2019 8:28am
Quoting MzansiObi
{quote} Mthombeni We are hovering just a couple of pips above that demand zone you highlighted.....Theres one key downside level near your area(today third) downside level. And the H4 buy area there abouts....London bought on in their first hour of trade so am looking towards the first session of the NY trading day to maybe add on longs.... Been a bit of a range so far.... Will Keep buying bounces of of the 1501 Handle Trade Safe

The Scalp traders made a lot on money on that pride of -
Quote
Hovering
.
- Of course the 1500 -1499 prices Zone did not hold, I was anticipating. I walked away with something from short position I was very sure it will reach. SEE THE CHART BELOW..

Check my entry point, If you Know you Know.

Attached Image (click to enlarge)
Click to Enlarge Name: THE GOLD DROP Nov 2019.jpg Size: 141 KB
Kamunda
  • #2,324
  • Nov 5, 2019 8:55am Nov 5, 2019 8:55am
Attached Image (click to enlarge)
Click to Enlarge Name: 77777.png Size: 277 KB
  • #2,325
  • Nov 5, 2019 10:16am Nov 5, 2019 10:16am
Was out today, but had shorts running. What a lovely surprise when I got home!
Didn't expect it to break so low today, later in the week though.
If it breaks 1483, think it will be ranging lower this week. Next support 1480.
  • #2,326
  • Nov 5, 2019 10:46am Nov 5, 2019 10:46am
Quoting farukh
{quote} Now it is touching trendline, breakout of 1488 and close below will bring it more downward else close above 1493 will give some oxygen to long
Banked profit @1485. All intra day timeframes are oversold
P.S. Trade with the discipline of Money Management and Risk Management.
  • #2,327
  • Nov 5, 2019 2:19pm Nov 5, 2019 2:19pm
Quoting farukh
{quote} Banked profit @1485. All intra day timeframes are oversold
From 1510, that is a great trade! Great job Farukh. I decided to sit it out today. Was looking for buy signs, but we kept blowing through all the handles. I'm feeling a little gun shy after multiple days of missing the calls. Need to get my head back on straight.
If in doubt, paddle out!
  • #2,328
  • Nov 5, 2019 2:20pm Nov 5, 2019 2:20pm
Quoting Mthombeni
Check my entry point, If you Know you Know.
Nice one.
If in doubt, paddle out!
  • #2,329
  • Nov 5, 2019 6:18pm Nov 5, 2019 6:18pm
Quoting farukh
{quote} Banked profit @1485. All intra day timeframes are oversold
Money machine....well done bud, keep the momentum going

Quoting SurfsUp
{quote} From 1510, that is a great trade! Great job Farukh. I decided to sit it out today. Was looking for buy signs, but we kept blowing through all the handles. I'm feeling a little gun shy after multiple days of missing the calls. Need to get my head back on straight.
Jip, it just kept falling, The London Session produced a bit of a bounce here and there from the 3rd downside level but once that went, it just kept dropping....DOnt be too gun shy, stick to the basics as you have been doing and the profits will follow, i got to buy trades taken out too yesterday but will be back on it today again...

Trade Safe....
4&1 All Time Profit: $37,496
  • #2,330
  • Nov 5, 2019 7:00pm Nov 5, 2019 7:00pm
06/11/19

As things stand, price is back below the 1500 mark for about the 20th time on the daily chart since the 6 September give or take, and as such has been stuck in a range of sorts with the upper band of the range sitting around the 1516 handle and lower band around 1485. Following a bearish outlook on the H1 as per the sell zone, buying dips off of the H4 proved to produced one/two buy opportunity but prices have failed to rally on a retest of the higher time frame zone due to this consolidation/range trading we seem to be in, as such will still take note of the Higher time frames zones but until the range breaks will pay special attention and focus to the H1 zone and use caution when we approach the range lows and highs....


H1: Bearish Sell Zone: 1490.40 - 1495.60
H4: Bearish Sell Zone: 1498.45 - 1500.80
D1: Neutral


Intra Day Levels for the day ahead:
Upside
5) 1509.56
4) 1502.41
3) 1498.14
2) 1494.55
1) 1490.97

Downside
1) 1486.55
2) 1479.27
3) 1472.12
4) 1469.24
5) 1460.55


Have attached a zoomed out H1 chart showing price behaviour while trading in this range, because we arent trending, the H1 becomes the most reliable reference in terms of sentiment and zones , till we get the break of the zone as mentioned above...
The M15 chart is showing how since the retest of the range floor some bullish divergence beginning to creep in, stochs are about to turn lower so possible retest of the 85 handle before looking to challenge the H1 sell zone and some intraday upside levels.....

(i) H1 Sell Zone.
(ii) Upper Band H1 Zone.
(ii) Lower Band H1 Zone.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDH1ZoomedOut_LI.jpg Size: 896 KB
Click to Enlarge Name: XAUUSDM15Bullish Divergence_LI.jpg Size: 737 KB
Click to Enlarge Name: XAUUSDH1SellZOne_LI.jpg Size: 791 KB
4&1 All Time Profit: $37,496
  • #2,331
  • Nov 5, 2019 10:45pm Nov 5, 2019 10:45pm
Quoting SurfsUp
{quote} From 1510, that is a great trade! Great job Farukh. I decided to sit it out today. Was looking for buy signs, but we kept blowing through all the handles. I'm feeling a little gun shy after multiple days of missing the calls. Need to get my head back on straight.
Thanks bud! I will also first sit back n look for some setup, keeping the psychology of gold in mind.

There is still room upside. We may see 1493-98 before further fall. Breakout of mentioned level will continue long. Having said that first 1488 is key resistance, if it holds then we may go directly to 1474-1465 level
P.S. Trade with the discipline of Money Management and Risk Management.
  • #2,332
  • Nov 5, 2019 11:39pm Nov 5, 2019 11:39pm
Morning Traders

Update: Asia has covered its normal range and price stalling near the lower band of the H1 Sell Zone.
There is a bit of bullish divergence on H1 RSI and m15 stochs pointing Higher, plus we are above daily open so will look at price going higher into H1 sell zone and try and get in short on a retest of the of the H1 sell zone if it comes before the London open hour....


Green Pips
4&1 All Time Profit: $37,496
  • #2,333
  • Nov 6, 2019 12:42am Nov 6, 2019 12:42am
Have sell order at 1491.75. Will canc if move higher. Wait and see.
  • #2,334
  • Nov 6, 2019 1:46am Nov 6, 2019 1:46am
Quoting LouiseZA
Have sell order at 1491.75. Will canc if move higher. Wait and see.
Just under 15 minutes to go before Lonodn comes on board, looking at the first intra day level to the upside to load that first short....
The level lies inside the H1 sell zone.....so should be interesting....

Green Pips
4&1 All Time Profit: $37,496
  • #2,335
  • Nov 6, 2019 4:16am Nov 6, 2019 4:16am
Eish, scalping gold today is hard work, very small range to play in!
Hope it will better when NY comes online.
  • #2,336
  • Nov 6, 2019 4:42am Nov 6, 2019 4:42am
Quoting LouiseZA
Eish, scalping gold today is hard work, very small range to play in! Hope it will better when NY comes online.
The M15 200 EMA isn't too far off for a cheeky short.....
Patiently waiting....The bullish divergence is pushing us a bit higher
4&1 All Time Profit: $37,496
  • #2,337
  • Nov 6, 2019 4:53am Nov 6, 2019 4:53am
Quoting MzansiObi
{quote} The M15 200 EMA isn't too far off for a cheeky short..... Patiently waiting....The bullish divergence is pushing us a bit higher
Just made a few on a cheeky short off the 15m
  • #2,338
  • Nov 6, 2019 10:54am Nov 6, 2019 10:54am
Short 1493.
SL 1503
TP open.

Let's see what it does....
4&1 All Time Profit: $37,496
  • #2,339
  • Nov 6, 2019 11:03am Nov 6, 2019 11:03am
Quoting MzansiObi
Short 1493. SL 1503 TP open. Let's see what it does....
With you, exactly the same.
Now for the bond auction in an hours time. Let see.
  • #2,340
  • Nov 6, 2019 11:07am Nov 6, 2019 11:07am
Quoting LouiseZA
{quote} With you, exactly the same. Now for the bond auction in an hours time. Let see.
I'm taking 50% off the trade and stops at entry.

Will keep recycling it till it fails.....
4&1 All Time Profit: $37,496
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