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4 + 1 (Metals) strategy

  • #2,421
  • Nov 14, 2019 1:59pm Nov 14, 2019 1:59pm
Need a little separation above that resistance around H1 200MA. Looking for a break above to drive up towards 1480. Strong headwinds there the last 4 hours. I am long at 1470 with TP1 at 1475 and TP2 at 1480.
If in doubt, paddle out!
  • #2,422
  • Nov 14, 2019 2:10pm Nov 14, 2019 2:10pm
Quoting SurfsUp
Need a little separation above that resistance around H1 200MA. Looking for a break above to drive up towards 1480. Strong headwinds there the last 4 hours. I am long at 1470 with TP1 at 1475 and TP2 at 1480.
Impressed man! Looking good... I must admit that I will stay on the bench for this week at least, just in case BUT will come back much harder if it shows to be as planned... Yeah, meaning up? Had to be re-confirmed in my book.. But if I would enter LIVE now... BUY, where else BTW am in trade atm, testing something, just not LIVE one In BUY, yes
Can you afford to take that chance?
  • #2,423
  • Nov 15, 2019 2:48pm Nov 15, 2019 2:48pm
Quoting auricforecas
{quote} Impressed man! Looking good... I must admit that I will stay on the bench for this week at least, just in case BUT will come back much harder if it shows to be as planned... Yeah, meaning up? Had to be re-confirmed in my book.. But if I would enter LIVE now... BUY, where else BTW am in trade atm, testing something, just not LIVE one In BUY, yes
Didn't work - although it could have. Just missed my TP by less than pennies while sleeping only to watch it retrench. I've been sitting out today. Need the weekend to regroup. Enjoy Auric - hope you have some fun planned as well my friend.
If in doubt, paddle out!
  • #2,424
  • Nov 15, 2019 2:54pm Nov 15, 2019 2:54pm
Quoting SurfsUp
{quote} Didn't work - although it could have. Just missed my TP by less than pennies while sleeping only to watch it retrench. I've been sitting out today. Need the weekend to regroup. Enjoy Auric - hope you have some fun planned as well my friend.
Yeah man, feel your pain... I think the next will might be more representative... I will see where it goes, hopefully I might re-affirm my BUY views Have a good weekend yourself also! About the plans, not sure, currently reviewing the trading week and shall see This week was rather epic because I believe some heavy consolidations happened, finally... So should be clear very fast, I believe, where GOLD wants to go Next week man... if all goes well... If that would be so, need to be re-confirmed... you might re-catch even bigger TPs
Can you afford to take that chance?
  • #2,425
  • Nov 18, 2019 12:25pm Nov 18, 2019 12:25pm
Quoting SurfsUp
{quote} Didn't work - although it could have. Just missed my TP by less than pennies while sleeping only to watch it retrench. I've been sitting out today. Need the weekend to regroup. Enjoy Auric - hope you have some fun planned as well my friend.
Quoting auricforecas
{quote} Yeah man, feel your pain... I think the next will might be more representative... I will see where it goes, hopefully I might re-affirm my BUY views Have a good weekend yourself also! About the plans, not sure, currently reviewing the trading week and shall see This week was rather epic because I believe some heavy consolidations happened, finally... So should be clear very fast, I believe, where GOLD wants to go Next week man... if all goes well... If that would be so, need to be re-confirmed... you might re-catch...
How is it going man? I think week started good, right? Hope (intensely) this UP will hold
Can you afford to take that chance?
  • #2,426
  • Nov 18, 2019 3:12pm Nov 18, 2019 3:12pm
I am starting the week with a bullish outlook. The move today is just a start. I am going to take a longer term view and buy and hold rather than trying to do heavy day trading in the short term.
If in doubt, paddle out!
  • #2,427
  • Nov 19, 2019 12:14pm Nov 19, 2019 12:14pm
Quoting SurfsUp
I am starting the week with a bullish outlook. The move today is just a start. I am going to take a longer term view and buy and hold rather than trying to do heavy day trading in the short term.
But, then I cash out 1/2 of position today......But, still looking for more move upward with trade war uncertainty.
If in doubt, paddle out!
  • #2,428
  • Nov 19, 2019 1:07pm Nov 19, 2019 1:07pm
Quoting SurfsUp
{quote} But, then I cash out 1/2 of position today......But, still looking for more move upward with trade war uncertainty.
Heh, yeah, just wanted to ask you.... but you already answered. I love when people follow-up/quote their previous quotes Glad you cashed out...
Seems things are going in the RIGHT direction, but I try to be emotionally neutral until BIG money shows I also bet on the BULLISH week for GOLD...
Can you afford to take that chance?
  • #2,429
  • Nov 19, 2019 7:21pm Nov 19, 2019 7:21pm
20/11/19

As things stand, the daily has flipped bearish and price has broken interim support at 1475.22, where we saw a bounce following a sharp sell off towards the end of September. The retest of the handle last week was met with some selling power off of the Daily chart. Currently, the weekly chart is showing how the buy zone triggered a green week last week with price catching a bid in the buy zone, so while both sellers and buyers can make money, the timing of the entries become key.

Will be looking to short any rally towards the upper band of the daily chart, looking at PA, the H1 will provide an opportunity for the upper band of the daily sell zone to be triggered and should price revisit the lower band of the weekly buy zone, will load a series of longs off of the lower band of the weekly buy zone.




Weekly: Bullish and Buy: 1438.25 - 1475.13
D1: Bearish and Sell: 1474.37 - 1482.12
H1: Bullish and Buy: 1470.60 - 1472.01
H4: Bullish and Buy: 1468.36 - 1469.81




Intra day levels
Upside
1487.48
1484.14
1481.41
1477.39
1474.91

Downside
1470.33
1469.33
1466.87
1464.39
1459.27


Green Pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDDaily_LI.jpg Size: 747 KB
Click to Enlarge Name: XAUUSDH1.png Size: 32 KB
Click to Enlarge Name: XAUUSDH4.png Size: 25 KB
Click to Enlarge Name: XAUUSDWeekly_LI.jpg Size: 725 KB
4&1 All Time Profit: $37,496
  • #2,430
  • Nov 20, 2019 2:25am Nov 20, 2019 2:25am
Long since 1567, tp 1589-90, SL 1563.
  • #2,431
  • Nov 20, 2019 2:40am Nov 20, 2019 2:40am
Quoting goldgirl
Long since 1567, tp 1589-90, SL 1563.
Good one
Me too since 1459. By the way you also mean 14 instead of 15. Looking so excited

Be careful around 1483-88. It may not get there @1490 and if it goes then target would be 1493
P.S. Trade with the discipline of Money Management and Risk Management.
  • #2,432
  • Nov 20, 2019 3:07am Nov 20, 2019 3:07am
Quoting MzansiObi
20/11/19 As things stand, the daily has flipped bearish and price has broken interim support at 1475.22, where we saw a bounce following a sharp sell off towards the end of September. The retest of the handle last week was met with some selling power off of the Daily chart. Currently, the weekly chart is showing how the buy zone triggered a green week last week with price catching a bid in the buy zone, so while both sellers and buyers can make money, the timing of the entries become key. Will be looking to short any rally towards the upper band...
First bounce off of the H1 Buy Zone as per the H1 Chart....London Open Hourly candle filled with indecision, as such we look at PA near our zones.
First point of interest is to look at buying dips into the D1 sell Zone and then sell off of it as the area represents area filled with overhead resistance....




Green Pips.
4&1 All Time Profit: $37,496
  • #2,433
  • Nov 20, 2019 4:45am Nov 20, 2019 4:45am
Update:

Bearish divergence on m15 RSI and new HnS pattern forming on the m15 chart aswell, as such will look at shorting near that right shoulder(Near Daily sell Zone) with stops couple of pips above the head......Target for that pattern sits around 1467ish......

Sell Limit
1476.1
SL 1487
TP Open



Green Pips
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15HnS_LI.jpg Size: 775 KB
4&1 All Time Profit: $37,496
  • #2,434
  • Nov 20, 2019 5:24am Nov 20, 2019 5:24am
Quoting farukh
{quote} Good one Me too since 1459. By the way you also mean 14 instead of 15. Looking so excited Be careful around 1483-88. It may not get there @1490 and if it goes then target would be 1493
Oh yes. It should be 14xx. Haha...
  • #2,435
  • Nov 20, 2019 7:11am Nov 20, 2019 7:11am
Quoting MzansiObi
20/11/19 .....H1: Bullish and Buy: 1470.60 - 1472.01
Welcome back MzansiObi! Missed your insights over the last week. for your family and wishing you some peace brother.
If in doubt, paddle out!
  • #2,436
  • Nov 20, 2019 7:21am Nov 20, 2019 7:21am
Buy limit at 1472 with SL 1465 just filled. I am looking for a bullish move today as uncertainty on trade war and likelihood of impeachment rise. Hoping that M15 200MA provides some support.
If in doubt, paddle out!
  • #2,437
  • Nov 20, 2019 7:54am Nov 20, 2019 7:54am
Welcome back Obi. I was missing you a lot since last one week.
  • #2,438
  • Nov 20, 2019 9:36am Nov 20, 2019 9:36am
Quoting SurfsUp
{quote} Welcome back MzansiObi! Missed your insights over the last week. for your family and wishing you some peace brother.
Thanks my brother.

Back to a new reality now....

Price is almost near that M15 HnS target.
Taken some partial profits and leaving the trade running


Hope you managed to bag some today
4&1 All Time Profit: $37,496
  • #2,439
  • Nov 20, 2019 9:39am Nov 20, 2019 9:39am
Quoting Nanotech
Welcome back Obi. I was missing you a lot since last one week.
Missed all of you aswell Nano......
4&1 All Time Profit: $37,496
  • #2,440
  • Nov 20, 2019 9:45am Nov 20, 2019 9:45am
Quoting MzansiObi
Update: Bearish divergence on m15 RSI and new HnS pattern forming on the m15 chart aswell, as such will look at shorting near that right shoulder(Near Daily sell Zone) with stops couple of pips above the head......Target for that pattern sits around 1467ish...... Sell Limit 1476.1 SL 1487 TP Open Green Pips {image}
HnS target achieved......there may be a window of opportunity for a long setup on the cards......
Waiting on current hourly candle to close.....close above the H1 200 EMA will have me look long...... Below it will wait for a tag of one more intraday downside level.....
Patience.....
4&1 All Time Profit: $37,496
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