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4 + 1 (Metals) strategy

  • #2,521
  • Dec 3, 2019 4:54am Dec 3, 2019 4:54am
Quoting InfinityPip
{quote} hopefully not tonight... hope gold go down abit so I can buy again before it hit 1480
It went down to 1459++. Did you manage to buy any lot? Now is bursting high.
  • #2,522
  • Dec 3, 2019 4:57am Dec 3, 2019 4:57am
Quoting SurfsUp
{quote} Lots of room to increase. {quote} 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.
Looking for 3 consecutive up candle daily stick. May take profit by the end of the day session tomorrow.
  • #2,523
  • Dec 3, 2019 5:00am Dec 3, 2019 5:00am
Quoting MzansiObi
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
Looking to take partial profit when reach 1480+-
  • #2,524
  • Dec 3, 2019 5:02am Dec 3, 2019 5:02am
Quoting MzansiObi
{quote} 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.......
Noted. I shall wait for today's New York closing.
  • #2,525
  • Dec 3, 2019 8:18am Dec 3, 2019 8:18am
Quoting TudorIoan
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! {image}
1475 resistance hit !
But it has become atypical somehow... because US indexes in red, also USD weakness against euro...
So we could see a little bull break, but not too much of it ..I guess ...however, 1485 possible !
Attached Image
Member
  • #2,526
  • Dec 3, 2019 9:12am Dec 3, 2019 9:12am
Quoting TudorIoan
{quote} 1475 resistance hit ! But it has become atypical somehow... because US indexes in red, also USD weakness against euro... So we could see a little bull break, but not too much of it ..I guess ...however, 1485 possible ! {image}
Agreed....I was looking for 1473 to the topside and managed to get that.....waiting for the first bearish signal to load short....
4&1 All Time Profit: $37,496
  • #2,527
  • Dec 3, 2019 9:59am Dec 3, 2019 9:59am
Quoting MzansiObi
{quote} Agreed....I was looking for 1473 to the topside and managed to get that.....waiting for the first bearish signal to load short....
1466-68 may show good support to coming short
P.S. Trade with the discipline of Money Management and Risk Management.
  • #2,528
  • Dec 3, 2019 10:07am Dec 3, 2019 10:07am
Quoting farukh
{quote} 1466-68 may show good support to coming short
Hey Farukh, take iit you are well. Marked the range low at 1450 as key area....the fact that we have broken higher and out of the upper band of the daily sell zone has me looking to see how the daily close will play out.......
4&1 All Time Profit: $37,496
  • #2,529
  • Dec 3, 2019 10:30am Dec 3, 2019 10:30am
Quoting MzansiObi
{quote} Hey Farukh, take iit you are well. Marked the range low at 1450 as key area....the fact that we have broken higher and out of the upper band of the daily sell zone has me looking to see how the daily close will play out.......
Thanks Obi! That's what I am also into.. whether daily close will be above 1478 or not.
However we are still in downtrend until 1495 is not broken out and second thing which is forcing me to think bearish that November close is below October open.
I baked my profit today @1470 then was looking for short but picture seems different so far..
P.S. Trade with the discipline of Money Management and Risk Management.
  • #2,530
  • Dec 4, 2019 1:51am Dec 4, 2019 1:51am
04/12/19

Daily close well above the 1474.69 opens us up tentatively to a new range. Between 1485(range top) and 1475(range floor) the Weekly buy zone has served as strong support for the 3rd week running now as such, will wait to see if prices remain above the daily sell zone which would result in the zone flattening out before flipping bullish. Both the H1 and H4 are bullish and buy and as such will look towards the first hour of the London open for Intra day bias.


Intra Day Levels:
Upside
1507.89
1494.81
1487
1485

Downside
1481.5
1476
1473.5
1470
1464.58
1458.42



Green Pips all around......
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 8B8AEE8A-3449-4315-A2AD-F7283CE92DA7.jpeg Size: 578 KB
Click to Enlarge Name: 8DEC7B0B-5B56-4D83-8B81-C95FA0B43DA4.jpeg Size: 668 KB
4&1 All Time Profit: $37,496
  • #2,531
  • Dec 4, 2019 1:55am Dec 4, 2019 1:55am
Quoting MzansiObi
04/12/19 Daily close well above the 1474.69 opens us up tentatively to a new range. Between 1485(range top) and 1475(range floor) the Weekly buy zone has served as strong support for the 3rd week running now as such, will wait to see if prices remain above the daily sell zone which would result in the zone flattening out before flipping bullish. Both the H1 and H4 are bullish and buy and as such will look towards the first hour of the London open for Intra day bias. Intra Day Levels: Upside 1507.89 1494.81 1487 1485 Downside 1481.5 1476 1473.5 1470...
H1: Buy Zone:1478.04 - 1474.30
H4: Buy Zone:1471.56 - 1466.92
D1: Sell Zone: 1474.19 - 1468.20
4&1 All Time Profit: $37,496
  • #2,532
  • Dec 4, 2019 2:06am Dec 4, 2019 2:06am
Quoting goldgirl
{quote} Noted. I shall wait for today's New York closing.
You managed to also get your 1480 tag.......let’s see how this current hour closes.....

green pops today
4&1 All Time Profit: $37,496
  • #2,533
  • Dec 4, 2019 3:15am Dec 4, 2019 3:15am
Quoting MzansiObi
04/12/19 Daily close well above the 1474.69 opens us up tentatively to a new range. Between 1485(range top) and 1475(range floor) the Weekly buy zone has served as strong support for the 3rd week running now as such, will wait to see if prices remain above the daily sell zone which would result in the zone flattening out before flipping bullish. Both the H1 and H4 are bullish and buy and as such will look towards the first hour of the London open for Intra day bias. Intra Day Levels: Upside 1507.89 1494.81 1487 1485 Downside 1481.5 1476 1473.5 1470...
Update: London hour sold off and the bearish momentum is pulling price lower, keeping an eye on on the 1470 handle.
4&1 All Time Profit: $37,496
  • #2,534
  • Dec 4, 2019 3:48am Dec 4, 2019 3:48am
Fox news brought Trump tariffs blabber and pulled back the US equities and the USdollar ...and there it was some gold bullish momentum to 1483
If that geopolitical risk goes we'll see a pull back below 1475-70...
Mind that important US economic indicators, ADP, ISM, NFP this week ...could affect USD->Gold
Low your risk until US indies are gone!
Member
  • #2,535
  • Dec 4, 2019 3:59am Dec 4, 2019 3:59am
My take on NFP is that it will be difficult to meet forecast. But I'm pro bear!
  • #2,536
  • Dec 4, 2019 4:00am Dec 4, 2019 4:00am
Last Month's sell off continues shortly with good money management.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20191204-104027.png Size: 124 KB
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  • #2,537
  • Dec 4, 2019 6:12am Dec 4, 2019 6:12am
Quoting BiteFX
Last Month's sell off continues shortly with good money management. {image}
Got a pending short at
1480
Sl 1491
TP Open



possible m15 head n shoulders pattern on the cards.....’



green pips
4&1 All Time Profit: $37,496
  • #2,538
  • Dec 4, 2019 6:45am Dec 4, 2019 6:45am
Quoting LouiseZA
My take on NFP is that it will be difficult to meet forecast. But I'm pro bear!
While I share similar sentiment with you Lousie anything or whenever it gets near the 1 weekly buy zone at 1450 I’m going to load long the long term......
4&1 All Time Profit: $37,496
  • #2,539
  • Dec 4, 2019 7:38am Dec 4, 2019 7:38am
Quoting MzansiObi
{quote} Got a pending short at 1480 Sl 1491 TP Open possible m15 head n shoulders pattern on the cards.....’ green pips
Filled , taking some off of the table Will leave stops as is.....


green pips to you all

...
4&1 All Time Profit: $37,496
  • #2,540
  • Dec 4, 2019 7:42am Dec 4, 2019 7:42am
1478.10 a SUPPORT level in July 2011 is now acting as a RESISTANCE level in December 2019. Change of polarity principle.
Bulls may be trapped.
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