4 + 1 (Metals) strategy | Page 129 | 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

  • #2,561
  • Dec 9, 2019 4:08am Dec 9, 2019 4:08am
Update:

Opening half normal position size short here at 1462.60 Similar stop loss, will open second halve of it should price get to 1467.66.....
First bearish H1 close inside the H1 sell Zone....

Lets see
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1Sell Set_LI.jpg Size: 744 KB
4&1 All Time Profit: $37,496
  • #2,562
  • Dec 9, 2019 7:10am Dec 9, 2019 7:10am
Quoting MzansiObi
Update: Opening half normal position size short here at 1462.60 Similar stop loss, will open second halve of it should price get to 1467.66..... First bearish H1 close inside the H1 sell Zone.... Lets see {image}
Sell limit 1464.50 = touched
Sell limit 1465.00 = still pending.
SL 1468
TP = Open
  • #2,563
  • Dec 9, 2019 7:54am Dec 9, 2019 7:54am
Quoting InfinityPip
{quote} Sell limit 1464.50 = touched Sell limit 1465.00 = still pending. SL 1468 TP = Open
It should get filled.....bit of a sharp sell off but the rapid bounce higher has me thinking bulls still wanna have a crack at that m15 200 today...... managed to get minor pips off first sell order but nothing to write home about.....re entered same level and still have the pending order waiting......let’s see
4&1 All Time Profit: $37,496
  • #2,564
  • Dec 9, 2019 8:20am Dec 9, 2019 8:20am
Quoting MzansiObi
{quote} It should get filled.....bit of a sharp sell off but the rapid bounce higher has me thinking bulls still wanna have a crack at that m15 200 today...... managed to get minor pips off first sell order but nothing to write home about.....re entered same level and still have the pending order waiting......let’s see
yeah both running profit now. Will wait 20+pips running before moving my SL down
  • #2,565
  • Dec 9, 2019 10:04am Dec 9, 2019 10:04am
Quoting InfinityPip
{quote} yeah both running profit now. Will wait 20+pips running before moving my SL down
H1 sell zone offering some good sell setups at the moment but the fact that the m15 200 hasn’t been tagged yet today and the m15 showing some bullish divergence has me thinking we will get a push higher before testing the lower 1450s again....as such
taking a cheeky buy at
1461
sl 1455
TP open
sell order already at BE.....
4&1 All Time Profit: $37,496
  • #2,566
  • Dec 9, 2019 10:13am Dec 9, 2019 10:13am
Quoting MzansiObi
{quote} H1 sell zone offering some good sell setups at the moment but the fact that the m15 200 hasn’t been tagged yet today and the m15 showing some bullish divergence has me thinking we will get a push higher before testing the lower 1450s again....as such taking a cheeky buy at 1461 sl 1455 TP open sell order already at BE.....
Already closed my Sell. Now im buying same price with u
  • #2,567
  • Dec 9, 2019 10:18am Dec 9, 2019 10:18am
Quoting InfinityPip
{quote} Already closed my Sell. Now im buying same price with u
Lols.....if you’re buying I’m at ease....all your orders of late have been on the money and price has moved in your favour.......nice bud.
well done
4&1 All Time Profit: $37,496
  • #2,568
  • Dec 9, 2019 3:08pm Dec 9, 2019 3:08pm
Quoting MzansiObi
taking a cheeky buy at 1461 sl 1455 TP open sell order already at BE.....
And what makes it cheeky

I'm going to wait for prices to go a little lower, towards your first downside handle of 1458.04, before I buy. Buy limit set for that handle. Going to take a patient approach this week. Had a nice week last week with a nearly 60% gain.
If in doubt, paddle out!
  • #2,569
  • Dec 9, 2019 9:22pm Dec 9, 2019 9:22pm
Quoting SurfsUp
{quote} And what makes it cheeky I'm going to wait for prices to go a little lower, towards your first downside handle of 1458.04, before I buy. Buy limit set for that handle. Going to take a patient approach this week. Had a nice week last week with a nearly 60% gain.
Hey Bud.......

Although the level was a decent support handle off of the lower time frame, it was still a couple of pips away from a downside level that you pointed out.....i took comfort in the sell trade that is trailing so it reduced the buy trades drawdown.....the bulls seem to be looking to step back in...some bullish RSI divergence of of the H1 at the momentnbut we still below some stuff, lets see if tuesday can push and tag prices towards the m15 200.....

Great results to end of last week bud...well done
4&1 All Time Profit: $37,496
  • #2,570
  • Dec 9, 2019 9:36pm Dec 9, 2019 9:36pm
I am keeping my half of short from 1476 and reluctant to buy this time, although current level is showing good support.
Hight timeframes are still bearish stopping me to go long at this moment.
Breaking out and close above 1466 will make me think to go long.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #2,571
  • Dec 9, 2019 9:50pm Dec 9, 2019 9:50pm
10/12/19

Decent Sell off from the H1 Sell Zone, price action was ratther muted in terms of the range it traded in and volatility, looking at things picking up today....some bullish rsi divergence and a lowering m15 200 thats moving in line with our bearish H1 and H4 Sell Zones so will look to use any rally as an opportunity to load short trades ahead of today......since the open, price been capped inside the 1460 and 1461.50 range, as such patience becomes key in avoiding getting trapped into a rushed position, pick a level and wait for it to pull a sniper setup......


H1: Bearish and Sell Zone: 1461.39 - 1462.61.
H4: Bearish and Sell Zone: 1464.08 - 1466.14.
D1: Bearish and Sell Zone: 1466.76 - 1470.49.


Intra day Levels....
Upside
1468.52
1466.71
1465.98
1464.52
1462.87

Downside
1459.35
1457.79
1455.26
1451.76
1449.98

(i) Previous day H1 Sell Zone Sell off
(ii) Current H1 Sell Zone

Green Pips
4&1 All Time Profit: $37,496
  • #2,572
  • Dec 9, 2019 9:50pm Dec 9, 2019 9:50pm
Quoting MzansiObi
10/12/19 Decent Sell off from the H1 Sell Zone, price action was ratther muted in terms of the range it traded in and volatility, looking at things picking up today....some bullish rsi divergence and a lowering m15 200 thats moving in line with our bearish H1 and H4 Sell Zones so will look to use any rally as an opportunity to load short trades ahead of today......since the open, price been capped inside the 1460 and 1461.50 range, as such patience becomes key in avoiding getting trapped into a rushed position, pick a level and wait for it to pull...
Associated Image
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1_LI.jpg Size: 848 KB
4&1 All Time Profit: $37,496
  • #2,573
  • Dec 9, 2019 9:55pm Dec 9, 2019 9:55pm
Quoting farukh
I am keeping my half of short from 1476 and reluctant to buy this time, although current level is showing good support. Hight timeframes are still bearish stopping me to go long at this moment. Breaking out and close above 1466 will make me think to go long.
Totally understandable.....Although there are signs of bullish divergence...we are still below some key numbers even on the lower time frames, but that 200 MA tends to act like a magnet more often than not and as the H1 is showing some signs of a relief rally, will use this support handle as a building block for a small long and look to load shorts again from higher up....
4&1 All Time Profit: $37,496
  • #2,574
  • Dec 9, 2019 11:42pm Dec 9, 2019 11:42pm
Quoting MzansiObi
{quote} H1 sell zone offering some good sell setups at the moment but the fact that the m15 200 hasn’t been tagged yet today and the m15 showing some bullish divergence has me thinking we will get a push higher before testing the lower 1450s again....as such taking a cheeky buy at 1461 sl 1455 TP open sell order already at BE.....
pending short @ 1464.33
SL 1470
TP Open....

Scaled out of the long again...Stops at entry.....
4&1 All Time Profit: $37,496
  • #2,575
  • Dec 10, 2019 2:30am Dec 10, 2019 2:30am
Quoting MzansiObi
{quote} pending short @ 1464.33 SL 1470 TP Open.... Scaled out of the long again...Stops at entry.....
Sell Order marginally missed........will try and get it filled manually with any retest of the handle give or take....
4&1 All Time Profit: $37,496
  • #2,576
  • Dec 10, 2019 2:35am Dec 10, 2019 2:35am
Quoting MzansiObi
{quote} Sell Order marginally missed........will try and get it filled manually with any retest of the handle give or take....
Do you have any target in mind for this short?
P.S. Trade with the discipline of Money Management and Risk Management.
  • #2,577
  • Dec 10, 2019 2:55am Dec 10, 2019 2:55am
My short buy...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 30 KB
  • #2,578
  • Dec 10, 2019 3:00am Dec 10, 2019 3:00am
Quoting MzansiObi
{quote} pending short @ 1464.33 SL 1470 TP Open.... Scaled out of the long again...Stops at entry.....
Filled....
4&1 All Time Profit: $37,496
  • #2,579
  • Dec 10, 2019 3:05am Dec 10, 2019 3:05am
Quoting farukh
{quote} Do you have any target in mind for this short?
For now no..w anything near the the first two downside levels for today will do.... but will take partial profit and trail it then just observe it
4&1 All Time Profit: $37,496
  • #2,580
  • Dec 10, 2019 3:36am Dec 10, 2019 3:36am
Quoting GoldBuster
My short buy... {image}
Nice one...Stay Alive bro.
Learn... Work Hard... Trade Alone
2 traders viewing now