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4 + 1 (Metals) strategy

  • #2,901
  • Jan 9, 2020 12:06pm Jan 9, 2020 12:06pm
Quoting MzansiObi
{quote} Update: price has traded into that H1 sell zone....will begin loading some shorts to try take advantage of the current PA.....
Sir, what does PA stand out for?
  • #2,902
  • Jan 9, 2020 12:11pm Jan 9, 2020 12:11pm
Price Action, Rudrax
  • #2,903
  • Jan 9, 2020 12:25pm Jan 9, 2020 12:25pm
Quoting MzansiObi
Update: pending short order at 1560 Sl 1568 TP open lets see....
that would be the neckline of a forming Inverted Head & Shoulder ?
  • #2,904
  • Jan 9, 2020 12:30pm Jan 9, 2020 12:30pm
I'm trying a short also :
pending short order at 1556.07
Sl 1562.50
TP open

reasoning : confluence of H1 sell zone, Daily open ans some previous S/R. SL above Weekly open and previous M15 range

finger crossed :-)
  • #2,905
  • Jan 9, 2020 12:52pm Jan 9, 2020 12:52pm
Quoting Tragruel
I'm trying a short also : pending short order at 1556.07 Sl 1562.50 TP open reasoning : confluence of H1 sell zone, Daily open ans some previous S/R. SL above Weekly open and previous M15 range finger crossed :-)
Hey Trag

Agreed, there is confluence there about but seeming like its taking a liking to dip without us getting filled...

The daily buy ZOne has climbed ujp a fair bit, so we short with caution....
4&1 All Time Profit: $37,496
  • #2,906
  • Jan 9, 2020 12:52pm Jan 9, 2020 12:52pm
Quoting Tragruel
{quote} that would be the neckline of a forming Inverted Head & Shoulder ?
Time frame?
4&1 All Time Profit: $37,496
  • #2,907
  • Jan 9, 2020 1:10pm Jan 9, 2020 1:10pm
maybe some people would find helpful those tool, I do :

- automatic SL@BE + Trailing SL : https://www.mql5.com/en/code/11649
- Account protector :-) ... ie : position size calculator : https://www.earnforex.com/metatrader...ze-Calculator/

great free tools IMO.
  • #2,908
  • Jan 9, 2020 1:59pm Jan 9, 2020 1:59pm
Quoting MzansiObi
{quote} Time frame?
M30
  • #2,909
  • Jan 9, 2020 2:36pm Jan 9, 2020 2:36pm
Quoting Tragruel
Price Action, Rudrax
Merci Monsieur!!!!
  • #2,910
  • Jan 9, 2020 2:50pm Jan 9, 2020 2:50pm
Quoting MzansiObi
{quote} Hey Trag Agreed, there is confluence there about but seeming like its taking a liking to dip without us getting filled... The daily buy ZOne has climbed ujp a fair bit, so we short with caution....
It seems to me also... My 1556.56 Short will go unfilled...
But i think(after hearing Trump's speech over upcoming USA China deal) before getting down it will climb again upto 1600...
  • #2,911
  • Jan 9, 2020 2:55pm Jan 9, 2020 2:55pm
Quoting Rudrax
{quote} It seems to me also... My 1556.56 Short will go unfilled... But i think(after hearing Trump's speech over upcoming USA China deal) before getting down it will climb again upto 1600...
Waiting for the close so we can print the daily numbers for tomorrow, but the continued close above 1537 and the rising D1 buy zone may be in line with your theory...lets see how iit goes...
4&1 All Time Profit: $37,496
  • #2,912
  • Jan 9, 2020 3:25pm Jan 9, 2020 3:25pm
Quoting MzansiObi
{quote} Waiting for the close so we can print the daily numbers for tomorrow, but the continued close above 1537 and the rising D1 buy zone may be in line with your theory...lets see how iit goes...
In September 1557 was the apex point of that North Rush...
Now lets see if it is going to play some key role again or not...
  • #2,913
  • Jan 9, 2020 3:29pm Jan 9, 2020 3:29pm
Gold Monthly, Fibs Golden Pocket
Attached Image (click to enlarge)
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  • #2,914
  • Jan 9, 2020 10:42pm Jan 9, 2020 10:42pm
Quoting Tragruel
Gold Monthly, Fibs Golden Pocket {image}
nice one!
1610 weekly close imp to move higher. my gut feel is it will make new ath --> pls note that the mkt precisely did only 38% retrace of the move from 1265 to 155x to 144x .. it looks like it wants to go higher ultimately .. no point selling this mkt ..
  • #2,915
  • Jan 9, 2020 11:06pm Jan 9, 2020 11:06pm
10 January 2020

Breakdown of 1555 exposed us to the H1 200 level which has been acting as support since, retest into the H1 sell zone provided some pips to the downside....
Next key breakdown level should the H1 200 break remains that 1537 handle, some slow price action in the last 24 hours which will result in tighter intra day levels but this period of consolidation requires us to remain patient and wait for price to get to our zones. Lets see how London opening hour behaves, worth noting, the m15 200 has dropped lower and currently sits at 1556.81 so either the m15 or H1 200 handle will break,

Worth noting that daily bearish engulfing bars strength/momentum still in place as prices are yet to break out/even test the m15 200....so we are at a bit of an inflection point regarding the way forward for the next session.....

H1: Bearish and Zone: 1553.24 - 1549.98
H4: Bullish to Neutral: 1558.60 - 1553.55
D1: Bullish and Zone: 1530.55 - 1511.89


Intra Day Levels:
Upside
1564.31
1562.5
1559.3
1556.36
1553.29
1551.00

Downside
1544.63
1543.24
1541.00
1538.27
1530.22


Green Pips
Attached Image (click to enlarge)
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4&1 All Time Profit: $37,496
  • #2,916
  • Jan 9, 2020 11:16pm Jan 9, 2020 11:16pm
Quoting prashfx
{quote} nice one! 1610 weekly close imp to move higher. my gut feel is it will make new ath --> pls note that the mkt precisely did only 38% retrace of the move from 1265 to 155x to 144x .. it looks like it wants to go higher ultimately .. no point selling this mkt ..
absolutely agree !
on a pure retracement perspective, this is a textbook weekly pullback and uptrend is intact.
still, this weekly close will be very interesting....
just my 2 cents.
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  • #2,917
  • Jan 9, 2020 11:39pm Jan 9, 2020 11:39pm
Quoting Tragruel
{quote} absolutely agree ! on a pure retracement perspective, this is a textbook weekly pullback and uptrend is intact. still, this weekly close will be very interesting.... just my 2 cents. {image}
bit of an invereted HnS on the m5 chart near the H1 00 handle, quick buy scalp looking for the H1 sell zone
Attached Image (click to enlarge)
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4&1 All Time Profit: $37,496
  • #2,918
  • Jan 10, 2020 1:30am Jan 10, 2020 1:30am
Quoting MzansiObi
{quote} bit of an invereted HnS on the m5 chart near the H1 00 handle, quick buy scalp looking for the H1 sell zone {image}
Update: Target reached......

Price inside the H1 sell zone....London Open in a bit....lets see what it does.....first intra day upside level a couple of pips away so lets see for rejection.
4&1 All Time Profit: $37,496
  • #2,919
  • Jan 10, 2020 1:52am Jan 10, 2020 1:52am
Quoting MzansiObi
10 January 2020 Breakdown of 1555 exposed us to the H1 200 level which has been acting as support since, retest into the H1 sell zone provided some pips to the downside.... Next key breakdown level should the H1 200 break remains that 1537 handle, some slow price action in the last 24 hours which will result in tighter intra day levels but this period of consolidation requires us to remain patient and wait for price to get to our zones. Lets see how London opening hour behaves, worth noting, the m15 200 has dropped lower and currently sits at 1556.81...
Master, the levels you post daily, are they daily's Support & Resistance levels or something else?
Thanks Master for this fantastic thread.
  • #2,920
  • Jan 10, 2020 4:10am Jan 10, 2020 4:10am
Quoting MoneyMatters
{quote} Master, the levels you post daily, are they daily's Support & Resistance levels or something else? Thanks Master for this fantastic thread.
Hey MM,

Im not a master, just MzansiObi...

Its a combo of key levels that i base my trading on, based on the ebb and flow of the market and the amount of pips the market covers in a day (for intra day levels) and a week(for weekly levels) we can use them as support and resistance areas for the session but they dont really mean that price will either bounce or get rejected from them, they are more a guiding principle to help us what to do when price gets to a particular level and behaves in a particular manner....


They range from some pivot calculations, fib extensions, MA's, ATR and some regression models, so instead of bombarding the thread with the calculations, i find it easier to post them that way we get to focus on the levels and pa otherwise we fill the thread up with convo that distracts us from the intra day trades and setups...the idea here is to focus on a system that we can wash rinse and repeat to ensure consistent gains based on the behavior of price and market structure....

A good friend(Digger) likes saying it all repeats itself time and again, the only difference may be the level but the behavior will be repetitive...

Hope this answers you
4&1 All Time Profit: $37,496
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