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4 + 1 (Metals) strategy

  • #2,601
  • Dec 12, 2019 5:31am Dec 12, 2019 5:31am
What could be the effect on gold if conservative party wins UK election?
Any thoughts..?
P.S. Trade with the discipline of Money Management and Risk Management.
  • #2,602
  • Dec 12, 2019 6:02am Dec 12, 2019 6:02am
Quoting kuroro001
{quote} What's your view on palladium ? Monthly looks like bitcoin chart ! RSI is crazy, from m15 to monthly....super overbought and everything is from 71 to 81
Be that as it may, overbought or not won’t prevent it from rallying higher.....just looking at the multiple timeframes, it’s a runaway train wouldn’t buy into it here till it pulls back into the daily,h4 or H1 buy zone first buying too far away from the longer time frames buy zones at these levels leaves one exposed with the risk of that flash crash that may result before it continues along its bullish path......but for now it’s a wait and see approach on my end unless you already on the long train and just keep trailing it.......the H1 buy zone on it has been producing a fair opportunity to get long Intra day....
Attached Image (click to enlarge)
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4&1 All Time Profit: $37,496
  • #2,603
  • Dec 12, 2019 6:03am Dec 12, 2019 6:03am
Quoting InfinityPip
{quote} I just stayed out after getting SL 30pips yesterday before FOMC.
Nice discipline.....
4&1 All Time Profit: $37,496
  • #2,604
  • Dec 12, 2019 6:17am Dec 12, 2019 6:17am
Quoting MzansiObi
{quote} Be that as it may, overbought or not won’t prevent it from rallying higher.....just looking at the multiple timeframes, it’s a runaway train wouldn’t buy into it here till it pulls back into the daily,h4 or H1 buy zone first buying too far away from the longer time frames buy zones at these levels leaves one exposed with the risk of that flash crash that may result before it continues along its bullish path......but for now it’s a wait and see approach on my end unless you already on the long train and just keep trailing it.......the H1...

Crazy....

Attached Image
COT: The precious data ignored
  • #2,605
  • Dec 12, 2019 6:29am Dec 12, 2019 6:29am
Quoting kuroro001
{quote} Crazy.... {image}
Lol jip......if you’re thinking of selling, wait for some exhaustion in the form of RSI divergence or some sort of LL LH combinations......
4&1 All Time Profit: $37,496
  • #2,606
  • Dec 12, 2019 6:31am Dec 12, 2019 6:31am
update: still waiting on Gold to give some sort of clarity. Edit: am not buying off the H1 as we should due to price being to close to range ceiling and also being inside the D1 sell zone....if we break and close above 1485 on the daily, will look to buy H1 dips as per rules....for now patiently waiting.....
4&1 All Time Profit: $37,496
  • #2,607
  • Dec 12, 2019 6:33am Dec 12, 2019 6:33am
Quoting MzansiObi
{quote} Lol jip......if you’re thinking of selling, wait for some exhaustion in the form of RSI divergence or some sort of LL LH combinations......
So many divergences on the RSI + 90% bullish sentiment for this metal...its full bullish, it should retrace 200/300 dollars
COT: The precious data ignored
  • #2,608
  • Dec 12, 2019 6:54am Dec 12, 2019 6:54am
Quoting kuroro001
{quote} So many divergences on the RSI + 90% bullish sentiment for this metal...its full bullish, it should retrace 200/300 dollars
There’s no bearish divergence yet to suggest weakness....while I agree that there’s a fair bit of room to the downside if you look at where our zones and levels are, it is best to wait for it to pullback or watch for price to climb higher while the RSI or stochastic begin to point lower and it fails to make new higher highs.....
4&1 All Time Profit: $37,496
  • #2,609
  • Dec 12, 2019 7:01am Dec 12, 2019 7:01am
Quoting InfinityPip
{quote} I just stayed out after getting SL 30pips yesterday before FOMC.
You got hit, but didn't die in the battle.
You are still alive bro.
We Stay Alive!
Learn... Work Hard... Trade Alone
  • #2,610
  • Dec 12, 2019 7:06am Dec 12, 2019 7:06am
Quoting BiteFX
{quote} You got hit, but didn't die in the battle. You are still alive bro. We Stay Alive!
Pending short at 1478
Sl 1485...

bit of an inverse head and shoulder on the m15 with target thereabouts.....will try use that target Price as an entry t look short....will be a conservative position and will only add on The break and close lower of the m15 200.....
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4&1 All Time Profit: $37,496
  • #2,611
  • Dec 12, 2019 7:23am Dec 12, 2019 7:23am
Quoting MzansiObi
{quote} Pending short at 1478 Sl 1485... bit of an inverse head and shoulder on the m15 with target thereabouts.....will try use that target Price as an entry t look short....will be a conservative position and will only add on The break and close lower of the m15 200..... {image}
Filled.....let’s see
4&1 All Time Profit: $37,496
  • #2,612
  • Dec 12, 2019 7:39am Dec 12, 2019 7:39am
Quoting MzansiObi
{quote} Filled.....let’s see
Lets stay alive tonight Sold too at 1481, will sell again if it fail to reach/break 1484
  • #2,613
  • Dec 12, 2019 7:39am Dec 12, 2019 7:39am
Quoting MzansiObi
{quote} Pending short at 1478 Sl 1485... bit of an inverse head and shoulder on the m15 with target thereabouts.....will try use that target Price as an entry t look short....will be a conservative position and will only add on The break and close lower of the m15 200..... {image}
Orders filled already. Let's wait for the money bro.
Learn... Work Hard... Trade Alone
  • #2,614
  • Dec 12, 2019 7:40am Dec 12, 2019 7:40am
Quoting InfinityPip
{quote} Lets stay alive tonight Sold too at 1481, will sell again if it fail to reach/break 1484
Orders filled too.
We Stay Alive!
Learn... Work Hard... Trade Alone
  • #2,615
  • Dec 12, 2019 8:11am Dec 12, 2019 8:11am
Quoting InfinityPip
{quote} Lets stay alive tonight Sold too at 1481, will sell again if it fail to reach/break 1484
Hit SL 1485
  • #2,616
  • Dec 12, 2019 8:13am Dec 12, 2019 8:13am
Nearing 1487 now, got hit SL at 1485 just now
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  • #2,617
  • Dec 12, 2019 8:18am Dec 12, 2019 8:18am
Quoting InfinityPip
{quote} Lets stay alive tonight Sold too at 1481, will sell again if it fail to reach/break 1484
Stops got taken out on that short....will wait for the daily close for guidance....above 1485, bad for bears......H1 buyers in the zone and money again.....two stop outs this week....let’s see how it goes
4&1 All Time Profit: $37,496
  • #2,618
  • Dec 12, 2019 8:27am Dec 12, 2019 8:27am
Quoting MzansiObi
{quote} Stops got taken out on that short....will wait for the daily close for guidance....above 1485, bad for bears......H1 buyers in the zone and money again.....two stop outs this week....let’s see how it goes
Gold seems to be eyeing 1490
My Stop is 200pips.
Giving room for volatility...Although it's a loss I can bear if hit.

We Stay Alive till then.
Learn... Work Hard... Trade Alone
  • #2,619
  • Dec 12, 2019 8:29am Dec 12, 2019 8:29am
Quoting InfinityPip
Nearing 1487 now, got hit SL at 1485 just now {image}
Everyone gets hit bro...But, want us to stay alive.
No blown out account, but growing over time.
Learn... Work Hard... Trade Alone
  • #2,620
  • Dec 12, 2019 8:42am Dec 12, 2019 8:42am
Oh My God!
Did you guys see that?
Learn... Work Hard... Trade Alone
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