4 + 1 (Metals) strategy | Page 118 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Simple 5 Min Gold (XAUUSD) Strategy 79 replies

Digamber Shankar PATIL's DSP Candle Strategy 349 replies

Strategy Backtesting Platforms 24 replies

5 Min Gold (XAUUSD) Divergence Strategy 176 replies

M5-Two-Way-Confirmation-Strategy 264 replies

Attachments: 4 + 1 (Metals) strategy
Exit Attachments

4 + 1 (Metals) strategy

  • #2,341
  • Nov 6, 2019 11:56am Nov 6, 2019 11:56am
Quoting LouiseZA
{quote} With you, exactly the same. Now for the bond auction in an hours time. Let see.
Nice trades LouiseZA and MzansiObi. Looking good at the moment. Waiting for my first entry of the day.
If in doubt, paddle out!
  • #2,342
  • Nov 6, 2019 12:08pm Nov 6, 2019 12:08pm
Quoting MzansiObi
Will keep recycling it till it fails.....
Will try to get my first entry when it hits 1493 range as well. Looks like a nice pivot point.
If in doubt, paddle out!
  • #2,343
  • Nov 6, 2019 1:30pm Nov 6, 2019 1:30pm
Quoting SurfsUp
{quote} Will try to get my first entry when it hits 1493 range as well. Looks like a nice pivot point.
How's it going bud.....yeah price seems to be in a bullish mood but getting capped thereabout for now.....
4&1 All Time Profit: $37,496
  • #2,344
  • Nov 6, 2019 2:20pm Nov 6, 2019 2:20pm
Still hanging onto my long from 1482, not sure why though, jut a gut thing really. Keeping the Stops tight for now.
  • #2,345
  • Nov 6, 2019 7:46pm Nov 6, 2019 7:46pm
Quoting WhoDunIt
Still hanging onto my long from 1482, not sure why though, jut a gut thing really. Keeping the Stops tight for now.
It makes sense as the range floor is still intact and with a bit of patience, we could be headed higher just looking at the range moves price been making,......ie. get below 1495, challenge key daily support at 85.....try get back above 95, once it does it rallies higher marking 1500 as key resistance, break that and challenge the 1510 mark........

So it all becomes a patience thing to be honest.....but to relieve some stress, why not take some profit and place stops at Entry......if it dips towards that handle, you can always reenter if it rallies you keep trailing your stop....either way you would've atleast banked some profit and the remainder of the trade runs risk free......



Green pips
4&1 All Time Profit: $37,496
  • #2,346
  • Nov 6, 2019 7:55pm Nov 6, 2019 7:55pm
Quoting MzansiObi
{quote} It makes sense as the range floor is still intact and with a bit of patience, we could be headed higher just looking at the range moves price been making,......ie. get below 1495, challenge key daily support at 85.....try get back above 95, once it does it rallies higher marking 1500 as key resistance, break that and challenge the 1510 mark........ So it all becomes a patience thing to be honest.....but to relieve some stress, why not take some profit and place stops at Entry......if it dips towards that handle, you can always reenter if...
This pair is in D1 sideways mode. It's safer to buy in the lower band and sell in the upper band. Still holding small long position at 1484. Wish you green pip brother...
  • #2,347
  • Nov 6, 2019 7:59pm Nov 6, 2019 7:59pm
Quoting Junibifon
{quote} This pair is in sideways mode. It's safer to buy in the lower band and sell in the upper band. Wish you green pip brother...
Agreed.....busy working on today's levels and Outlook. 1495 becomes key again today.......
4&1 All Time Profit: $37,496
  • #2,348
  • Nov 6, 2019 10:00pm Nov 6, 2019 10:00pm
07/11/19



As things stand, price action was somewhat slow to pick up from the range floor 1485, with some bullish divergence beginning to build up, and eventually pushing us to test only two upside intra day levels yesterday.....our focus is back on the 1493 handle and the 1497 handle...although the cross over on H1 hasn't happened, price is still tracking higher and above daily open and as such hourly close above first upside level will have us looking for the 97 handle and higher.....failure to do so will see us resist the range floor and consolidate around some downside levels.....the usual remains true....will see what London does and position trades according to their sentiment in relation to where our levels for the day sit....



H1: Neutral
H4: bearish: 1493.14-1496.62
D1:bearish: 1496.14-1497.05



Intra day Levels
Upside
1507.35
1501.42
1500.77
1497.60
1495
1492.67

Downside
1489.02
1487.13
1484.53
1481.76
1478.91
1477.27



Green Pips
4&1 All Time Profit: $37,496
  • #2,349
  • Nov 7, 2019 12:16am Nov 7, 2019 12:16am
Bought at 1484 yesterday, SL 1480. Let's see if it can reach 1525. Shall close half when reach 1519
  • #2,350
  • Nov 7, 2019 1:00am Nov 7, 2019 1:00am
Quoting goldgirl
Bought at 1484 yesterday, SL 1480. Let's see if it can reach 1525. Shall close half when reach 1519
One step at a time.....I've got one at 1490 but will ditch it if London sells and PA resumes bearish wave...... The Bullish divergence is playing out so far.....But the upside levels will pose some serious overhead resistance so may recycle the entries.....
4&1 All Time Profit: $37,496
  • #2,351
  • Nov 7, 2019 1:07am Nov 7, 2019 1:07am
Quoting MzansiObi
{quote} One step at a time.....I've got one at 1490 but will ditch it if London sells and PA resumes bearish wave...... The Bullish divergence is playing out so far.....But the upside levels will pose some serious overhead resistance so may recycle the entries.....

I think London will buy today because signing of Trade deal is postponed till December. And Chine is not willing to sign unless Tariff will remove by USA.
  • #2,352
  • Nov 7, 2019 1:47am Nov 7, 2019 1:47am
Shorts closed. Buy 1485. TP open. Let's see.

Closed few pips profit.
  • #2,353
  • Nov 7, 2019 2:09am Nov 7, 2019 2:09am
Quoting Nanotech
{quote} I think London will buy today because signing of Trade deal is postponed till December. And Chine is not willing to sign unless Tariff will remove by USA.
Let's see how the current hour closes......should give some guidance
4&1 All Time Profit: $37,496
  • #2,354
  • Nov 7, 2019 3:36am Nov 7, 2019 3:36am
Quoting MzansiObi
{quote} One step at a time.....I've got one at 1490 but will ditch it if London sells and PA resumes bearish wave...... The Bullish divergence is playing out so far.....But the upside levels will pose some serious overhead resistance so may recycle the entries.....
Yeah. I added one more long at 1485
  • #2,355
  • Nov 7, 2019 4:43am Nov 7, 2019 4:43am
Short scalping from 1487, in and out, because of my 4H candle.
Will see if Carney has any effect and then the USD data later.
  • #2,356
  • Nov 7, 2019 7:31am Nov 7, 2019 7:31am
Quoting goldgirl
{quote} Yeah. I added one more long at 1485
I'm going to leave my solitary long on the table for now and give it a chance to move around abit..... challenging some downside levels at the moment but support still holding on

Will only add on of it closes above 95 on the hourly
4&1 All Time Profit: $37,496
  • #2,357
  • Nov 7, 2019 9:58am Nov 7, 2019 9:58am
anyone selling gold must be must be rich now....i was away from laptop so missed bearish flag
Always with a Road Not Taken
  • #2,358
  • Nov 7, 2019 10:40am Nov 7, 2019 10:40am
short from 1486 . will look for longs near 1430's
  • #2,359
  • Nov 7, 2019 10:47am Nov 7, 2019 10:47am
Quoting Fomy
anyone selling gold must be must be rich now....i was away from laptop so missed bearish flag
Closed early..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20191107-204150.png Size: 74 KB
P.S. Trade with the discipline of Money Management and Risk Management.
  • #2,360
  • Nov 7, 2019 10:52am Nov 7, 2019 10:52am
bounce 1460 could be it for today chop around before going lower... stop down to 1468 and 17.065 silver, short from 15.555 real nice day
Attached Image (click to enlarge)
Click to Enlarge Name: gcsi.png Size: 251 KB
21 traders viewing now