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4 + 1 (Metals) strategy

  • #2,861
  • Jan 7, 2020 6:58am Jan 7, 2020 6:58am
Sold at 1568 and 1562. sadly was sleeping and TP 1555 didnt get hit by few points ..Hope we will get there today!
  • #2,862
  • Jan 7, 2020 7:07am Jan 7, 2020 7:07am
Quoting Trader1971
Following good advice, decided to move my stop to 1563.24 and kill all pending buy orders.
Still in this trade. Took some profit at daily pivot 1568.68.
Busy forming a triangle on M15 time frame.
Lower high @ 1569.59 and higher low @ 1563.89
One can live in the shadow of an idea without grasping it.
  • #2,863
  • Jan 7, 2020 7:11am Jan 7, 2020 7:11am
Quoting Trader1971
{quote} Still in this trade. Took some profit at daily pivot 1568.68. Busy forming a triangle on M15 time frame. Lower high @ 1569.59 and higher low @ 1563.89
Nice T....keep raking the profit in....
4&1 All Time Profit: $37,496
  • #2,864
  • Jan 7, 2020 7:33am Jan 7, 2020 7:33am
Quoting sriyadh
Sold at 1568 and 1562. sadly was sleeping and TP 1555 didnt get hit by few points ..Hope we will get there today!
So long as you didn’t loose money on it though.....
silver lining....it happens from time to time....did you take partial profits?
4&1 All Time Profit: $37,496
  • #2,865
  • Jan 7, 2020 8:17am Jan 7, 2020 8:17am
Quoting MzansiObi
{quote} So long as you didn’t loose money on it though..... silver lining....it happens from time to time....did you take partial profits?
I closed one trade that I sold from 1568 but I'm stuck with the 1562. The 'gap' didnt fill yet ..
  • #2,866
  • Jan 7, 2020 8:49am Jan 7, 2020 8:49am
Quoting MzansiObi
7 January 2020 First retest of the m15 200 in a couple of sessions, now price below some levels, ie, the daily pivot, weekly open, daily open etc, but thats not to say the bullish run is over, infact there are a couple of suggestions that the gap first needed to be filled etc, and BigIvan alluded to that on some posts yesterday, now while i maintain Gaps dont need to be filled or rather arent always filled instantaneously it seems he may have been correct in that logic, We are still above the weekly pivot and despite the sell off from the highs,...

H1 buy zone yielding....keep an eye on PA as and when it tags some of the upside targets....partial profits and trailing will help secure some....while the rest runs risk free....
4&1 All Time Profit: $37,496
  • #2,867
  • Jan 7, 2020 10:11am Jan 7, 2020 10:11am
Quoting MzansiObi
{quote} H1 buy zone yielding....keep an eye on PA as and when it tags some of the upside targets....partial profits and trailing will help secure some....while the rest runs risk free....
Do you have a cut-off time for trading Gold per day?
I had a great day with Gold going long today.
Unfortunately I do not like to keep any long trades open by roll-over.
My broker swap for long positions is currently -12.37
Swap on shorts is 6.81
Currently I am flat - will try again tomorrow.
One can live in the shadow of an idea without grasping it.
  • #2,868
  • Jan 7, 2020 10:19am Jan 7, 2020 10:19am
Quoting Trader1971
{quote} Do you have a cut-off time for trading Gold per day? I had a great day with Gold going long today. Unfortunately I do not like to keep any long trades open by roll-over. My broker swap for long positions is currently -12.37 Swap on shorts is 6.81 Currently I am flat - will try again tomorrow.
That’s great news T.
Don’t give it back to the market, bank it and wait.

i normally don’t mind holding overnight but in general will hold a position for a day or couple of hours unless it’s trailing some profits then I let it run till the trailing stops get taken out....
4&1 All Time Profit: $37,496
  • #2,869
  • Jan 7, 2020 4:02pm Jan 7, 2020 4:02pm
Quoting MzansiObi
{quote} Update: add 1577.62 as an upside level..... Still plenty of room to go, but looking for m15 to provide an inverse HnS setup before further bullishness, staying patient and watching...
well, waited for the market close before tagging this level.....


All in all the H1 Buy Zone provided a couple of opportunities to go long, following the break out higher of the m15 200 handle.
One just needed to be a bit patient and let the market come back to our entry points....


Green Pips
4&1 All Time Profit: $37,496
  • #2,870
  • Jan 7, 2020 6:27pm Jan 7, 2020 6:27pm
Quoting MzansiObi
05 January 2020 New Week,New Possibilities .. The charts speak for themselves, bullish across all our time frames of reference, from the W1 all the way down to the H1. The previous week followed through on the bullish breakout and went on to reach the initial falling wedge target around the 1549 handle. However of special importance becomes the daily close above the 1537 handle as mentioned and discussed with Farukh....as such any dip towards our zones will become buying points... The 1537 /38 handle not only signifies a key weekly upside level...
Last weekly Upside level reached.....


Todays intra day levels to follow...
4&1 All Time Profit: $37,496
  • #2,871
  • Edited 6:56pm Jan 7, 2020 6:32pm | Edited 6:56pm
08 January 2020

Bullish breakout continuation, as things stand wouldnt dare try sell into this thing...
WIll give a review in a bit just thought id post the numbers for the meanwhile

Upside Levels

1635.88
1623.64
1617.05


Downside
1598.22
1585.98
1579.39
1565.59
4&1 All Time Profit: $37,496
  • #2,872
  • Jan 7, 2020 6:34pm Jan 7, 2020 6:34pm
Quoting MzansiObi
08 January 2020 Bullish breakout continuation, as things stand wouldnt dare try sell into this thing... WIll give a review in a bit just thought id post the numbers for the meanwhile Upside Levels 1,635.88 1,623.64 1,617.05 Downside 1,579.39 1,585.98 1,598.22
Supportive H1 Structure throughout the day before the break out...
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1_LI.jpg Size: 732 KB
4&1 All Time Profit: $37,496
  • #2,873
  • Jan 8, 2020 12:28am Jan 8, 2020 12:28am
Quoting MzansiObi
{quote} Supportive H1 Structure throughout the day before the break out... {image}
looking at last weekly close looks like this one can make new all time highs ofcourse thanks to dollar/geopolitics. mkt wise too every 38% retrace from last week low being bought.
  • #2,874
  • Jan 8, 2020 1:11am Jan 8, 2020 1:11am
Quoting prashfx
{quote} looking at last weekly close looks like this one can make new all time highs ofcourse thanks to dollar/geopolitics. mkt wise too every 38% retrace from last week low being bought.
Hey Prash, So long as the zones and structures remain intact the logic remains to buy the dips/zones,

For now will limit any bearish move to being stopped more or less around the m15 200 handle....
4&1 All Time Profit: $37,496
  • #2,875
  • Jan 8, 2020 1:21am Jan 8, 2020 1:21am
Quoting MzansiObi
08 January 2020 Bullish breakout continuation, as things stand wouldnt dare try sell into this thing... WIll give a review in a bit just thought id post the numbers for the meanwhile Upside Levels 1635.88 1623.64 1617.05 Downside 1598.22 1585.98 1579.39 1565.59
Our Zones are as follows

H1: 1579.07 - 1585.32
H4: 1570.94 - 1556.61
D1: 1507.05 - 1527.79



Really isnt much to add on to from a technical perspective, its bullish and the uptrend that begun last year has resumed following period of consolidation in November and December....
Level wise, all our weekly levels or objectives to the top side have been met as such we keep on looking at what it does, immediate target for the bulls for the rest of the week becomes the weekly high, failing which we can look to use the same levels that created obstacles going up for our intra day trading as guiding levels and look at what price action does as and when it gets there...


Green Pips
4&1 All Time Profit: $37,496
  • #2,876
  • Jan 8, 2020 3:10am Jan 8, 2020 3:10am
Quoting MzansiObi
{quote} Our Zones are as follows H1: 1579.07 - 1585.32 H4: 1570.94 - 1556.61 D1: 1507.05 - 1527.79 Really isnt much to add on to from a technical perspective, its bullish and the uptrend that begun last year has resumed following period of consolidation in November and December.... Level wise, all our weekly levels or objectives to the top side have been met as such we keep on looking at what it does, immediate target for the bulls for the rest of the week becomes the weekly high, failing which we can look to use the same levels that created obstacles...
Gold is going for sell..? Or buy..?
  • #2,877
  • Jan 8, 2020 3:12am Jan 8, 2020 3:12am
Quoting Zeshaankhan
{quote} Gold is going for sell..? Or buy..?
Long term buy, short term sell
  • #2,878
  • Jan 8, 2020 5:09am Jan 8, 2020 5:09am
Quoting Zeshaankhan
{quote} Gold is going for sell..? Or buy..?
Our Zones have us looking to buy dips.....not interested in selling at the moment. Price still above the m15 200 and the H1 still in buy dip mode.....
4&1 All Time Profit: $37,496
  • #2,879
  • Jan 8, 2020 5:33am Jan 8, 2020 5:33am
No trading for me today. Decided to take a break.
Trump will be speaking later on.
Look like a descending triangle on the M15 time frame.
One can live in the shadow of an idea without grasping it.
  • #2,880
  • Jan 8, 2020 6:24am Jan 8, 2020 6:24am
Quoting Trader1971
No trading for me today. Decided to take a break. Trump will be speaking later on. Look like a descending triangle on the M15 time frame.
lols, you dont intend on givving any of it back....

we still above some key supportive areas....lets see how it behaves now around 1573.3....


NY gets involved on the action in a bit so lets see....Similar to monday where most of the targets were reached during the Asia session, followed by retracement period before the breakout....price action has pretty much done the same today....

lets also take note of the importance of the 1555/6 handle for now assigning the same importance to the handle as the previous 1485 handle....Lower band of the H4 buy zone has lined itself up well in line with this handle...
4&1 All Time Profit: $37,496
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