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4 + 1 (Metals) strategy

  • #2,641
  • Dec 12, 2019 10:45am Dec 12, 2019 10:45am
Quoting Tragruel
{quote} perfect entry, I must say I made some mistakes lately, not being enough confident in the system and myself and using market orders instead of limit orders at levels, I ended up buying high and selling low.... just printed a sticker to put on my monitor to remind me that lol
Lol Hope that sticker will serve you well.........

That issue regarding buying high and selling Low, is exactly why i chose not to buy the H1 Buy Zone, yes it did go on to rally 100 pips, but the fact that daily sellers were on the hunt was the concern regarding buying that high....
4&1 All Time Profit: $37,496
  • #2,642
  • Dec 12, 2019 11:58am Dec 12, 2019 11:58am
Quoting MzansiObi
{quote} Hang tight bud, we keep on at it..... We have finally managed to get that m15 200 handle, lets see if price manages to stay below it to add onto the shorts.... D1 sell zone remains intact.....Just a thought.... Look at where price is currently relative to the intra day levels.....
Will Keep recycling the level till it fails....

Some bullish divergence seems to be creeping in on the indies, as such will trail and take partials as soon as they avail themselves....

Green Pips
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.rM15Recycled Level_LI.jpg Size: 543 KB
4&1 All Time Profit: $37,496
  • #2,643
  • Dec 12, 2019 12:07pm Dec 12, 2019 12:07pm
Quoting MzansiObi
{quote} Will Keep recycling the level till it fails.... Some bullish divergence seems to be creeping in on the indies, as such will trail and take partials as soon as they avail themselves.... Green Pips {image}
  • #2,644
  • Dec 12, 2019 12:21pm Dec 12, 2019 12:21pm
Quoting MzansiObi
{quote} Will Keep recycling the level till it fails.... Some bullish divergence seems to be creeping in on the indies, as such will trail and take partials as soon as they avail themselves.... Green Pips {image}
3 lots, that is some confidence, does the fact that the EMA 200, EMA 15 and Price were just at the same level gave more weight for you to this trade ?
Thx for your transparency, really appreciate it.
  • #2,645
  • Dec 12, 2019 12:30pm Dec 12, 2019 12:30pm
Quoting Tragruel
{quote} 3 lots, that is some confidence, does the fact that the EMA 200, EMA 15 and Price were just at the same level gave more weight for you to this trade ? Thx for your transparency, really appreciate it.
Yes bud, there was confluence of factors that support price will keep looking to drop lower all be it brief, so just taking advantage of the volatility as soon as it moves into decent profit i closed 2.5 and left half a lot on the table as a runner and stops at entry....so its more a scalp entry but from a key area....
4&1 All Time Profit: $37,496
  • #2,646
  • Dec 13, 2019 3:56am Dec 13, 2019 3:56am
Quoting MzansiObi
{quote} Yes bud, there was confluence of factors that support price will keep looking to drop lower all be it brief, so just taking advantage of the volatility as soon as it moves into decent profit i closed 2.5 and left half a lot on the table as a runner and stops at entry....so its more a scalp entry but from a key area....
You still hold sell bud? I just sold at 1471.8
  • #2,647
  • Dec 13, 2019 4:58am Dec 13, 2019 4:58am
Quoting InfinityPip
{quote} You still hold sell bud? I just sold at 1471.8
Yeah I sold off the m15 200.....
4&1 All Time Profit: $37,496
  • #2,648
  • Dec 13, 2019 5:23am Dec 13, 2019 5:23am
Sell limit @1473 filled...Gold has to go down to round off the week in style for us.
We stay alive and enjoy life brothers!
Learn... Work Hard... Trade Alone
  • #2,649
  • Dec 13, 2019 7:35am Dec 13, 2019 7:35am
Again, Bulls are trapped above 1473.
Truly, fundamentals are funnymentals

We Stay Alive this weekend brothers...
Learn... Work Hard... Trade Alone
  • #2,650
  • Dec 13, 2019 7:42am Dec 13, 2019 7:42am
This week...Veni, Vidi, Vici(I came, I saw, I conquered)
Adios!

Stay Alive Brothers!
Learn... Work Hard... Trade Alone
  • #2,651
  • Dec 13, 2019 8:15am Dec 13, 2019 8:15am
Trump tweets again
  • #2,652
  • Dec 13, 2019 8:22am Dec 13, 2019 8:22am
Quoting InfinityPip
Trump tweets again
I'm tired for this man
Learn... Work Hard... Trade Alone
  • #2,653
  • Dec 13, 2019 9:07am Dec 13, 2019 9:07am
Can we say good night a second time?

We Stay Alive!
Learn... Work Hard... Trade Alone
  • #2,654
  • Dec 13, 2019 10:48am Dec 13, 2019 10:48am
Day close above 1480 will open chances of trend change from down to up and if it happens our next flight towards 1600 will be much possible.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #2,655
  • Dec 14, 2019 6:14am Dec 14, 2019 6:14am
Watch out for Gold dip before rising again

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_5.png Size: 28 KB
COT: The precious data ignored
  • #2,656
  • Dec 14, 2019 6:20am Dec 14, 2019 6:20am
Is Palladium in for the biggest drop of its cycle ? Bitcoin drop

Large speculators are not buying Palladium as much as it rises, they are even decreasing their positions. Caution ahead

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_6.png Size: 26 KB
COT: The precious data ignored
  • #2,657
  • Dec 16, 2019 1:30am Dec 16, 2019 1:30am
16/12/19

Top of the morning to you all......
new week new possibilities.....


Conservative short:
1477.9
Sl 1489
TP open


*h1 head and shoulder setup.....
trade is counter system rules and current H1 zone.....but D1 is still holding sell zone structure

let’s see.....
4&1 All Time Profit: $37,496
  • #2,658
  • Dec 16, 2019 1:46am Dec 16, 2019 1:46am
Quoting MzansiObi
16/12/19 Top of the morning to you all...... new week new possibilities..... Conservative short: 1477.9 Sl 1489 TP open *h1 head and shoulder setup..... trade is counter system rules and current H1 zone.....but D1 is still holding sell zone structure let’s see.....
Good morning traders from this part of the world.
Yes MzansiObi, a very bad Head and Shoulders pattern. more so, at 1478.10...July 2011 Support turned Resistance.
We expect a decent sell off from this level to about 1459.06...October 2019 Support.
Learn... Work Hard... Trade Alone
  • #2,659
  • Dec 16, 2019 2:18am Dec 16, 2019 2:18am
Quoting MzansiObi
16/12/19 Top of the morning to you all...... new week new possibilities..... Conservative short: 1477.9 Sl 1489 TP open *h1 head and shoulder setup..... trade is counter system rules and current H1 zone.....but D1 is still holding sell zone structure let’s see.....
Closing 50%, Stops at Entry.....
Lets see what/how the current hourly candle closes...
4&1 All Time Profit: $37,496
  • #2,660
  • Dec 16, 2019 2:47am Dec 16, 2019 2:47am
16/12/19

Bullish close for the week that was, but prices remain inside the previous weekly hammer, RSI still hinting at further weakness on the weekly chart but Stochs beginning to point up which also validates the weekly buy zone, as such will continue to load longs at/near range extremes...ie buy the "floor" sell the "ceiling" till either or breaks...
The daily remains in bearish zone while the H4 and H1 have both flipped bullish in the interim.....The H1 has provided some bullish buy dip scenario since the open but overhead resistance capping prices at the moment...


H1 Bullish and Buy Zone:1475.11 - 1473.85
H4 Bullish and Buy Zone:1472.49 - 1470.76
D1 Bearish and Sell Zone:1472.11 - 1469.23



Intra day levels of interest
Upside
1497.94
1488
1481.81
1478.03
1476.05

Downside
1472.45
1469.21
1465.78
1461.9
1455.74
1449.55

Lets see.....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDDaily_LI.jpg Size: 577 KB
Click to Enlarge Name: XAUUSDH1_LI.jpg Size: 523 KB
Click to Enlarge Name: XAUUSDH4_LI.jpg Size: 608 KB
Click to Enlarge Name: XAUUSDWeekly_LI.jpg Size: 535 KB
4&1 All Time Profit: $37,496
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