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4 + 1 (Metals) strategy

  • #2,881
  • Jan 8, 2020 7:23am Jan 8, 2020 7:23am
Taking some Hard stops (Loss)on some long setups following the close below the m15 200


Will wait for it to decide what its doing, ie, does it close back above the m15 200 and keeping the H1 buy zone intact or does it continuously close below the m15 200 and turn the H1 buy zone bearish......

Wait and see approach now...
4&1 All Time Profit: $37,496
  • #2,882
  • Jan 8, 2020 7:38am Jan 8, 2020 7:38am
Quoting MzansiObi
Taking some Hard stops (Loss)on some long setups following the close below the m15 200 Will wait for it to decide what its doing, ie, does it close back above the m15 200 and keeping the H1 buy zone intact or does it continuously close below the m15 200 and turn the H1 buy zone bearish...... Wait and see approach now...
What will be level for Buying Gold..?
  • #2,883
  • Jan 8, 2020 8:20am Jan 8, 2020 8:20am
Quoting MzansiObi
Taking some Hard stops (Loss)on some long setups following the close below the m15 200 Will wait for it to decide what its doing, ie, does it close back above the m15 200 and keeping the H1 buy zone intact or does it continuously close below the m15 200 and turn the H1 buy zone bearish...... Wait and see approach now...
bought at 38% retrace from 1510 @ 1572
  • #2,884
  • Jan 8, 2020 8:21am Jan 8, 2020 8:21am
Quoting MzansiObi
{quote} 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.....
Going long with SL 1566
P.S. Trade with the discipline of Money Management and Risk Management.
  • #2,885
  • Jan 8, 2020 8:25am Jan 8, 2020 8:25am
Quoting prashfx
{quote} bought at 38% retrace from 1510 @ 1572
This morning I bought too early on, had an order open above the H1 buy zone the. Bought into the H1 buy zone again so the DD was a bit higher than I had wanted hence why I took the hard stop....

Was a little impatient and paid the price for it
it’s back above the m15 200 Handke again...
4&1 All Time Profit: $37,496
  • #2,886
  • Jan 8, 2020 8:29am Jan 8, 2020 8:29am
Quoting MzansiObi
{quote} This morning I bought too early on, had an order open above the H1 buy zone the. Bought into the H1 buy zone again so the DD was a bit higher than I had wanted hence why I took the hard stop.... Was a little impatient and paid the price for it it’s back above the m15 200 Handke again...
yeah bud. mkt just buying every 38% retrace. so i did too. my SL in this case is below prev weekly low. small position but will leave it.
  • #2,887
  • Jan 8, 2020 10:43am Jan 8, 2020 10:43am
Update:
Deeper pullback, and continued close below that m15 200 handle, now will look at PA around 1540.81.....


Heres what am expecting to see now:

 

  1. H1 flip bearish
  2. H4 Buy zone to act supportive
  3. price to be sold off on retests of the m15 200

Watching and waiting for the Daily close now.....



Green Pips.

4&1 All Time Profit: $37,496
  • #2,888
  • Jan 8, 2020 3:17pm Jan 8, 2020 3:17pm
Quoting MzansiObi
Update: Deeper pullback, and continued close below that m15 200 handle, now will look at PA around 1540.81..... Heres what am expecting to see now: H1 flip bearish H4 Buy zone to act supportive price to be sold off on retests of the m15 200 Watching and waiting for the Daily close now..... Green Pips.
Update:
H1 zone has confirmed the bearish flip over while prices have found interim support at the lower band of the H4 Buy Zone( which coincides with the 1555/6 handle that we mentioned the significance thereof)...For further bearish continuation and confirmation, will need to see price rejected at the m15 200 handle...if it gets back above it then we need to revise and re-look the structure as per the zones...


Green Pips
Attached Image (click to enlarge)
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4&1 All Time Profit: $37,496
  • #2,889
  • Jan 8, 2020 3:27pm Jan 8, 2020 3:27pm
thx bud, great update as usual
  • #2,890
  • Jan 8, 2020 4:05pm Jan 8, 2020 4:05pm
08 January 2019
Bit of a pullback from the highest weekly upside level, had anticipated a continuation around/near the H1 buy zone, but the close lower on the m15 200 has exposed us to challange the H4 buy Zone, so far supportive but will keep an eye on PA near some key upside levels. All in all, becomes key that we pick our levels and wait for PA to to trigger our moves..


H1: Bearish and ZOne: 1571.59 - 1568.01
H4: Bullish and ZOne: 1566.37 - 1557.63
D1: Bullish and Zone: 1522.26 - 1505.00
Intra day levels

Upside
1609.77
1595.80
1573.28
1570.45

Downside
1550.65
1542.42
1536.2
1518
1514.2


Green Pips
4&1 All Time Profit: $37,496
  • #2,891
  • Jan 9, 2020 12:06am Jan 9, 2020 12:06am
Update:
Some sideways H1 action on the cards

H1 sell zone dropped lower currently at:
1561.54 - 1566.07

Worth noting the M15 200 lies inside the H1 sell zone, so now we have confluence of factors that support selling the H1 setup now.
Lets see what LO does in a bit when it opens....

this 1555/6 handle still holding at the moment holds the key for the way forward for the London session through to the NY session.... if it doesnt hold, next area of interest becomes our 1537 handle......

(i) H1 chart with the Horizontal line represents the m15 200 handle....
Green Pips

**PS we are currently testing the weekly open
Attached Image (click to enlarge)
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4&1 All Time Profit: $37,496
  • #2,892
  • Jan 9, 2020 3:28am Jan 9, 2020 3:28am
Quoting MzansiObi
08 January 2019 Bit of a pullback from the highest weekly upside level, had anticipated a continuation around/near the H1 buy zone, but the close lower on the m15 200 has exposed us to challange the H4 buy Zone, so far supportive but will keep an eye on PA near some key upside levels. All in all, becomes key that we pick our levels and wait for PA to to trigger our moves.. H1: Bearish and ZOne: 1571.59 - 1568.01 H4: Bullish and ZOne: 1566.37 - 1557.63 D1: Bullish and Zone: 1522.26 - 1505.00 Intra day levels Upside 1609.77 1595.80 1573.28 1570.45...
Update

Bullish London Opening hour near the H1 200 level....
As such given the bearish H1 Zone and price being below the m15 200, will look to sell the retest of the H1 zone and look for 1537...

Green Pips
Attached Image (click to enlarge)
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4&1 All Time Profit: $37,496
  • #2,893
  • Jan 9, 2020 7:04am Jan 9, 2020 7:04am
Quoting MzansiObi
{quote} Update Bullish London Opening hour near the H1 200 level.... As such given the bearish H1 Zone and price being below the m15 200, will look to sell the retest of the H1 zone and look for 1537... Green Pips {image}
Update: price has traded into that H1 sell zone....will begin loading some shorts to try take advantage of the current PA.....
4&1 All Time Profit: $37,496
  • #2,894
  • Jan 9, 2020 8:57am Jan 9, 2020 8:57am
I'm back at work again.
My trading session will start from now and will be continuing for next 3 hrs, then sleep.
Will try and look for short term scalp opportunities.
Best of luck all
One can live in the shadow of an idea without grasping it.
  • #2,895
  • Jan 9, 2020 9:17am Jan 9, 2020 9:17am
Quoting Trader1971
I'm back at work again. My trading session will start from now and will be continuing for next 3 hrs, then sleep. Will try and look for short term scalp opportunities. Best of luck all
Heheheh welcome back...
i got a buy scalp going...took some profit off of it and the actual H1 sell zone sell
order also running let’s see where we close up....
Attached Image (click to enlarge)
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4&1 All Time Profit: $37,496
  • #2,896
  • Jan 9, 2020 9:34am Jan 9, 2020 9:34am
I'm busy doing some extreme scalping.
Targeting only 20 ticks at a time.
Very quick in and out setups.
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One can live in the shadow of an idea without grasping it.
  • #2,897
  • Jan 9, 2020 9:51am Jan 9, 2020 9:51am
Quoting Trader1971
I'm busy doing some extreme scalping. Targeting only 20 ticks at a time. Very quick in and out setups. {image}
I’m guessing your volume/quantity is huge?
4&1 All Time Profit: $37,496
  • #2,898
  • Jan 9, 2020 10:25am Jan 9, 2020 10:25am
Quoting MzansiObi
{quote} I’m guessing your volume/quantity is huge?
Yes, volume need to be high.
I do prefer trading longer term setups, less work and stress.
I do think that 1600.00 will break by next week, if the weekly pivot holds.
With the huge negative swap rate, I do not keep any trades for roll over.
One can live in the shadow of an idea without grasping it.
  • #2,899
  • Jan 9, 2020 11:08am Jan 9, 2020 11:08am
I am done for today.
Time to relax and watch a movie with the family.
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Attached Image

One can live in the shadow of an idea without grasping it.
  • #2,900
  • Jan 9, 2020 11:37am Jan 9, 2020 11:37am
Update:
pending short order at 1560
Sl 1568
TP open


lets see....
4&1 All Time Profit: $37,496
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