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4 + 1 (Metals) strategy

  • #2,501
  • Dec 2, 2019 5:45am Dec 2, 2019 5:45am
Quoting InfinityPip
{quote} Buying now?
I just sold off of the m15 200 again bud, the first buy trade got taken out for some.....
4&1 All Time Profit: $37,496
  • #2,502
  • Dec 2, 2019 6:27am Dec 2, 2019 6:27am
Quoting MzansiObi
{quote} I just sold off of the m15 200 again bud, the first buy trade got taken out for some.....
so long as it keeps closing below it will keep recycling it......
taking partial profits but leaving stops as is.....Bearish momentum still in tact
4&1 All Time Profit: $37,496
  • #2,503
  • Dec 2, 2019 8:06am Dec 2, 2019 8:06am
One thing is for certain is the increased volatility is welcomed.....
looking at taking another crack at a short just looking at the current M15
lets see.....
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4&1 All Time Profit: $37,496
  • #2,504
  • Dec 2, 2019 8:10am Dec 2, 2019 8:10am
seeing dropping DXY i guess Gold gonna hit 1470 tonight
  • #2,505
  • Dec 2, 2019 9:20am Dec 2, 2019 9:20am
Looking up for gold to reach 1480
  • #2,506
  • Dec 2, 2019 9:38am Dec 2, 2019 9:38am
Quoting goldgirl
Looking up for gold to reach 1480
hopefully not tonight... hope gold go down abit so I can buy again before it hit 1480
  • #2,507
  • Dec 2, 2019 2:15pm Dec 2, 2019 2:15pm
Quoting InfinityPip
{quote} hopefully not tonight... hope gold go down abit so I can buy again before it hit 1480
Hah, yeah, that is why I hoped many times ago... Must say, that current prices already provide some good previous "missed-train" guys
Also, the question is how much do we want to squeeze from it... because some do get it right, price happens, but they might get stop-out along the way.. due to swings at (too) high leverage... But I myself trade BOTH... LONG(ER) term... where I bet on 1500+ (easily)... since I believe everything bellow 1500 is a no-brainer buy for GOLD.. for the next 1-2years at least... But for short(er)-term trading is much different story.. although I still prefer to enter trades that are in tune with longer term "belief" So in practical terms... I will wait for about 24h-48h.. after which I might start playing BUYs... one longer term.. one SHORter term, high(er) leverage.. if not highest even (for the THIRD (door) option)
Can you afford to take that chance?
  • #2,508
  • Dec 2, 2019 2:55pm Dec 2, 2019 2:55pm
Quoting goldgirl
Looking up for gold to reach 1480
Lots of room to increase.

Quoting MzansiObi
Bearish momentum still in tact
I feel same.

Going to look to buy close to 200MA now that we are slightly above. I have a Buy limit order in for 1462.
If in doubt, paddle out!
  • #2,509
  • Edited 10:15pm Dec 2, 2019 5:44pm | Edited 10:15pm
it seems Weekly open is a strong level to break, like last week, BUT now we are above 'some stuff', weekly / daily pivots, M15/H1 EMA 200.
As per Obi rules, H4 is turning bullish. 1452-54 seems to be strong support. Weekly last bar is a Pin bar in the buy zone
I am longing, happy to be wrong :-)
  • #2,510
  • Dec 2, 2019 8:32pm Dec 2, 2019 8:32pm
Quoting Tragruel
it seems Weekly open is a strong level to break, like last week, BUT now we are above 'some stuff', weekly / daily pivots, M15/H1 EMA 200. As per Ozi rules, H4 is turning bullish. 1452-54 seems to be strong support. Weekly last bar is a Pin bar in the buy zone I am longing, happy to be wrong :-)
Yes Trag, totally agree with you bud. The fact that we are above some stuff and price has stayed up here for sometime, will look to use any pullback towards them as an opportunity to go long.......
4&1 All Time Profit: $37,496
  • #2,511
  • Dec 2, 2019 9:21pm Dec 2, 2019 9:21pm
today gold.....
target 70 pips today
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  • #2,512
  • Dec 3, 2019 12:36am Dec 3, 2019 12:36am
3/12/19

Long
1460
sl 1450
TP open
4&1 All Time Profit: $37,496
  • #2,513
  • Dec 3, 2019 1:01am Dec 3, 2019 1:01am
Quoting MzansiObi
3/12/19 Long 1460 sl 1450 TP open
Stops at entry.
will wash rinse and repeat the level till it fails.....
4&1 All Time Profit: $37,496
  • #2,514
  • Dec 3, 2019 1:22am Dec 3, 2019 1:22am
3/12/19

Higher daily close creeping higher towards the daily sell zone, as such will wait for the London open hour to close and see if they selling, will look to short anything inside the daily sell zone, if they buy will look for dips towards the m15 200 or the H1

H1: bullish and Buy zone: 1460.97 - 1461.70
H4: flipped bullish and buy zone: 1460.05 - 1460.33
D1: Bearish and Sell Zone: 1465.37 -1472.76

Intra day levels for today........

Upside
1478.14
1471.61
1467.04
1464.75

Downside
1461.51
1456.94
1453.65
1449.41
1444.84
4&1 All Time Profit: $37,496
  • #2,515
  • Dec 3, 2019 1:24am Dec 3, 2019 1:24am
Quoting MzansiObi
{quote} Yes Trag, totally agree with you bud. The fact that we are above some stuff and price has stayed up here for sometime, will look to use any pullback towards them as an opportunity to go long.......
waiting for today's levels Mobi sir...
  • #2,516
  • Dec 3, 2019 1:42am Dec 3, 2019 1:42am
Quoting Rudrax
{quote} waiting for today's levels Mobi sir...
Hey bud, lol I had typed but didn’t Click on the send Button only realized when I posted the update for the buy trade from earlier.....apologies bud
4&1 All Time Profit: $37,496
  • #2,517
  • Dec 3, 2019 2:16am Dec 3, 2019 2:16am
I guess we're right in between some range..
Bulls should mind tough resistance at 1470 - 75
Bears mind support 1450 - 55
I'd wait until one border or another get hit...
Cheers, all!
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  • #2,518
  • Dec 3, 2019 3:42am Dec 3, 2019 3:42am
Quoting MzansiObi
{quote} Stops at entry. will wash rinse and repeat the level till it fails.....
Closing halve of remaining half. Moving stop towards 1463.
will short 1466 SL at 1476 Tp Open
4&1 All Time Profit: $37,496
  • #2,519
  • Dec 3, 2019 3:45am Dec 3, 2019 3:45am
Quoting goldgirl
Looking up for gold to reach 1480
I’m looking for 1473 at most today on the long trade to be honest..... but given the range and daily sell zone will already begin placing some sell setups.......
4&1 All Time Profit: $37,496
  • #2,520
  • Dec 3, 2019 4:49am Dec 3, 2019 4:49am
Pending short
1474.38
sl 1487
TP open

will look for bearish confirmation signal around there, either bearish divergence or an engulfing bar of sorts....as mentioned previously price currently inside D1 sell zone....
possibe HnS setup on the H4 so will watch that possible right hand shoulder with keen interest.....

Trade safw
4&1 All Time Profit: $37,496
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