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4 + 1 (Metals) strategy

  • #2,921
  • Jan 10, 2020 4:13am Jan 10, 2020 4:13am
Quoting MzansiObi
{quote} 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.
Update: indecisive london H1 hour, however the H1 sell zone still pushing prices lower...... as such the logic becomes to sell the H1 sell zone and trail till it fails.....
Will wait on the Fundie guys to fuel the market and get it going ....


Green Pips
4&1 All Time Profit: $37,496
  • #2,922
  • Jan 10, 2020 7:34am Jan 10, 2020 7:34am
m15 200 providing some rejection for further bulllishness, less see whether we will stay below it.
PS. Bears need it to cap any further bullishness....... break above will expose next set of intra day upside levels.....Green Pips
4&1 All Time Profit: $37,496
  • #2,923
  • Jan 10, 2020 7:49am Jan 10, 2020 7:49am
Quoting MzansiObi
m15 200 providing some rejection for further bulllishness, less see whether we will stay below it. PS. Bears need it to cap any further bullishness....... break above will expose next set of intra day upside levels.....Green Pips
closing half rest at entry
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD 1 m15nu_LI.jpg Size: 966 KB
4&1 All Time Profit: $37,496
  • #2,924
  • Jan 10, 2020 8:05am Jan 10, 2020 8:05am
Update:

The sell off from the m15 200 handle and continued close below it is good for bears....but the m15 seeming to want to remain capped inside the inverse head and shoulder and as such shorts would do best to bank some profit and recycle the level till it fails,

as mentioned this morning, the H1 200 and m15 200 hold the key for continuation.....to either side...
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD 1 Oz.fM15HnS_LI.jpg Size: 949 KB
4&1 All Time Profit: $37,496
  • #2,925
  • Jan 10, 2020 10:43am Jan 10, 2020 10:43am
Hello, on H1 15ema is busy crossing the 30ema.
Nice to see how the 200ema show support on H1
No trading for me today.
I will be looking for a buy signal on Monday morning.
Have a great weekend
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1.png Size: 35 KB
One can live in the shadow of an idea without grasping it.
  • #2,926
  • Jan 10, 2020 11:26am Jan 10, 2020 11:26am
Quoting Trader1971
Hello, on H1 15ema is busy crossing the 30ema. Nice to see how the 200ema show support on H1 No trading for me today. I will be looking for a buy signal on Monday morning. Have a great weekend {image}
It’s the little things that just simplify things for us and help us with bias.....it was either going to be the H1 or m15 that broke....H4 buyers kicked in and supported the handle.....
4&1 All Time Profit: $37,496
  • #2,927
  • Jan 12, 2020 2:08am Jan 12, 2020 2:08am
Happy new trading year and happy new trading week Fam!
Wishing your trading strategy all the best.
This was my last trade on gold last week.
in a short while i'll give a picture of what im seeing on gold.
Attached Image (click to enlarge)
Click to Enlarge Name: bought the gold.PNG Size: 39 KB
  • #2,928
  • Jan 12, 2020 2:20am Jan 12, 2020 2:20am
from the weekly TF, gold had broken my resistance trendline........so a retest should confirm my further bullish bias..however, as with other breakouts, this "could" be false and might as well break lower to keep going short
Attached Image (click to enlarge)
Click to Enlarge Name: gold weekly view.PNG Size: 54 KB
  • #2,929
  • Jan 12, 2020 2:26am Jan 12, 2020 2:26am
from the dialy tf, price has retested my longterm monthly/weekly resistance TL.
confirming my bullish bias, gold's friday candle closed as a bullish engulfing which supposes that price has kinda turned resistance to support and is in sync with the upward TL as well.
would bve looking at lower tf for possible bulish entry.....specifically H4......lets if we could still go up to the 1617 level.
safe trading! y'all
Attached Image (click to enlarge)
Click to Enlarge Name: gold daily steep tl view.PNG Size: 47 KB
  • #2,930
  • Jan 12, 2020 9:53pm Jan 12, 2020 9:53pm
13 January 2020

Top of the morning traders, price back above the m15 200, H1 zone bullish, as such will look to buy dips.....expecting a bit of a tight range leading up to the LO candle, just looking at the volatility during the Asia Session...other than that we wait to see how that open hour candle goes and we look to our zones and upside and downside levels for guidance...



H1: 1555.57 - 1556.67
H4: Flat
D1: 1513.27 - 1534.01


Upside
1585.57
1574.38
1570.52
1567.72
1563.60

Downside
1555.93
1550.29
1546.37
1539.52
1533.28
4&1 All Time Profit: $37,496
  • #2,931
  • Jan 12, 2020 10:14pm Jan 12, 2020 10:14pm
Hello,
Enter long at 1556.60
Stop at 1536.00
Target 1 at 1577.00 (take 50% off trade)
Target 2 at 1622.00

Best of luck to all.
Off to work now, will be back in 10 hrs
One can live in the shadow of an idea without grasping it.
  • #2,932
  • Jan 12, 2020 10:25pm Jan 12, 2020 10:25pm
Quoting MzansiObi
13 January 2020 Top of the morning traders, price back above the m15 200, H1 zone bullish, as such will look to buy dips.....expecting a bit of a tight range leading up to the LO candle, just looking at the volatility during the Asia Session...other than that we wait to see how that open hour candle goes and we look to our zones and upside and downside levels for guidance... H1: 1555.57 - 1556.67 H4: Flat D1: 1513.27 - 1534.01 Upside 1585.57 1574.38 1570.52 1567.72 1563.60 Downside 1555.93 1550.29 1546.37 1539.52 1533.28
Weekly Numbers 13/01/2020 - 17/01/2020


Upside
1642.32
1615.44
1598.9
1595.2
1573.81

Downside
1544.09
1527.50
1520.21
1500.6
1459.56
4&1 All Time Profit: $37,496
  • #2,933
  • Jan 13, 2020 2:16am Jan 13, 2020 2:16am
Quoting Trader1971
Hello, Enter long at 1556.60 Stop at 1536.00 Target 1 at 1577.00 (take 50% off trade) Target 2 at 1622.00 Best of luck to all. Off to work now, will be back in 10 hrs
1537/36 area is that key breakout we using for the past two weeks now following the breakout. All the best this week bud.....

update:
Breakdown lower of H1 buy zone however bullish H1 zone still intact. We are below m15 209 handle as such bulls may need to exercise some patience before any continuation....Let’s see how currently H1 candle closes...
4&1 All Time Profit: $37,496
  • #2,934
  • Jan 13, 2020 5:11am Jan 13, 2020 5:11am
update:
Bearish LO hour, back to Fridays Scenario....

Bit of a bounce near that thrid downside level...
the m15 200 and H1 200 handles become the focus for further continuation.....


For now both the H1 and H4 zones are flat and will call for caution on either side....we range bound till one of the 200 MA's gives way...green pips
4&1 All Time Profit: $37,496
  • #2,935
  • Jan 13, 2020 8:41am Jan 13, 2020 8:41am
Quoting MzansiObi
{quote} 1537/36 area is that key breakout we using for the past two weeks now following the breakout. All the best this week bud..... update: Breakdown lower of H1 buy zone however bullish H1 zone still intact. We are below m15 209 handle as such bulls may need to exercise some patience before any continuation....Let’s see how currently H1 candle closes...
Thanks bro,
Not the best start for this week, been in draw down since I placed the trade.
Will be patient and just observe price action.
Look like range trading for the moment.
I just love the 200 ema on the H1, nice bounce.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 40 KB
One can live in the shadow of an idea without grasping it.
  • #2,936
  • Jan 13, 2020 8:59am Jan 13, 2020 8:59am
Quoting Trader1971
Hello, Enter long at 1556.60 Stop at 1536.00 Target 1 at 1577.00 (take 50% off trade) Target 2 at 1622.00 Best of luck to all. Off to work now, will be back in 10 hrs
Adjusted my stop to 1539.00
Total risk now less than 1%
Look like a head and shoulder pattern on H1
One can live in the shadow of an idea without grasping it.
  • #2,937
  • Jan 13, 2020 3:37pm Jan 13, 2020 3:37pm
Quoting Trader1971
{quote} Adjusted my stop to 1539.00 Total risk now less than 1% Look like a head and shoulder pattern on H1
Close trade manually out at 1548.25, do not want to take any chances
A very non productive day for me
Will be patiently watching for new opportunities.
One can live in the shadow of an idea without grasping it.
  • #2,938
  • Jan 13, 2020 9:51pm Jan 13, 2020 9:51pm
Quoting MzansiObi
update: Bearish LO hour, back to Fridays Scenario.... Bit of a bounce near that thrid downside level... the m15 200 and H1 200 handles become the focus for further continuation..... For now both the H1 and H4 zones are flat and will call for caution on either side....we range bound till one of the 200 MA's gives way...green pips
the H1 200 has given way ro further bearishness...

Now we are below the weekly open.
both H1 and M15 200
weekly pivot and the zones have flipped bearish



Expecting some sideways consolidation as we approach the next key level here at 1537/6 wherein we also have the D1 buy zone come in near 1534.28 - 1515.42 as we can recall, whenever price has gotten back into our daily buy zone its often consolidated and moved sideways before eventually getting going....all things said price found support near the 3rd downside level on Monday and following that break of the H1 200, we have also tagged and broken the first weekly downside level.
As such, any rally into the H1 and or H4 sell zones becomes a sell, with stops just above the m15 and h1 200 levels respectively with the first TP target being the D1 sell zone....
H1 Bearish and Zone:1547.16 - 1549.45
H4 Bearish and Zone:1550.20 - 1552.27

Intra day levels for Tuesday:
Upside
1566.78
1561.12
1557.62
1551.71
1547.75
1542.86

Downside
1537.14
1533.10
1529.8
1525.2

* M15 HnS target lies around the third downside level......
* H1 sell zone currently sitting at the HnS neckline
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15_LI.jpg Size: 781 KB
4&1 All Time Profit: $37,496
  • #2,939
  • Jan 13, 2020 9:53pm Jan 13, 2020 9:53pm
Quoting Trader1971
{quote} Close trade manually out at 1548.25, do not want to take any chances A very non productive day for me Will be patiently watching for new opportunities.
Agreed, a but of a sluggish start to the week. had another buy order at the H1 200 prior to that Drop.... didnt manage to trail so theres some DD, hard stops come in around 1530 for me....
4&1 All Time Profit: $37,496
  • #2,940
  • Jan 14, 2020 1:08am Jan 14, 2020 1:08am
Quoting MzansiObi
{quote} Agreed, a but of a sluggish start to the week. had another buy order at the H1 200 prior to that Drop.... didnt manage to trail so theres some DD, hard stops come in around 1530 for me....
Good Morning Sir,, would you please tell me what does DD stand for???
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