4 + 1 (Metals) strategy | Page 148 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Simple 5 Min Gold (XAUUSD) Strategy 79 replies

Digamber Shankar PATIL's DSP Candle Strategy 349 replies

Strategy Backtesting Platforms 24 replies

5 Min Gold (XAUUSD) Divergence Strategy 176 replies

M5-Two-Way-Confirmation-Strategy 264 replies

Attachments: 4 + 1 (Metals) strategy
Exit Attachments

4 + 1 (Metals) strategy

  • #2,941
  • Jan 14, 2020 1:12am Jan 14, 2020 1:12am
Quoting Rudrax
{quote} Good Morning Sir,, would you please tell me what does DD stand for???
DrawDown
  • #2,942
  • Jan 14, 2020 1:17am Jan 14, 2020 1:17am
Quoting Rudrax
{quote} Good Morning Sir,, would you please tell me what does DD stand for???
Drawdown...so the negative running balance wile trades are open.....



Update: the 1536/7 handle interim support but looking to see if the H1 and H4 sellers can kick inot gear after the London Open Hour.....
Stay Green
4&1 All Time Profit: $37,496
  • #2,943
  • Jan 14, 2020 1:25am Jan 14, 2020 1:25am
Monthly pivot @1543-44
Price is below pivot, close above after showing good support @1535 may trigger for long. Rejection from pivot may drop it further to 1527-30
P.S. Trade with the discipline of Money Management and Risk Management.
  • #2,944
  • Jan 14, 2020 1:46am Jan 14, 2020 1:46am
Quoting farukh
Monthly pivot @1543-44 Price is below pivot, close above after showing good support @1535 may trigger for long. Rejection from pivot may drop it further to 1527-30
Hey Farukh


Hope youre good mate
Nice pick up....hadnt looked at the monthly pivot and SnR infact....
That would fit in well with the Daily buy ZOne thats tracked higher.....
Its good for our long term outlook and assessment....
Thanks


Lets see what London does when it opens
4&1 All Time Profit: $37,496
  • #2,945
  • Jan 14, 2020 2:43am Jan 14, 2020 2:43am
Pending order
Short
1546.76
SL
1558
TP Open


Bit of a bounce off of the upper band of the D1 b uy zone....
Lets see whether bears kick in as per H1 and H4...


Green Pips
4&1 All Time Profit: $37,496
  • #2,946
  • Jan 14, 2020 4:18am Jan 14, 2020 4:18am
Copper view

https://www.forexfactory.com/showthr...2#post12701562
COT: The precious data ignored
  • #2,947
  • Jan 14, 2020 7:35am Jan 14, 2020 7:35am
Quoting MzansiObi
Pending order Short 1546.76 SL 1558 TP Open Bit of a bounce off of the upper band of the D1 b uy zone.... Lets see whether bears kick in as per H1 and H4... Green Pips
Just a reminder this is currently the same level that posed a challnge for bears previously, will it hold or fold? either way shorts filled

Will look to scale out and trail soonest
4&1 All Time Profit: $37,496
  • #2,948
  • Jan 14, 2020 7:42am Jan 14, 2020 7:42am
Quoting MzansiObi
{quote} Just a reminder this is currently the same level that posed a challnge for bears previously, will it hold or fold? either way shorts filled Will look to scale out and trail soonest
Close 50% the rest at entry
4&1 All Time Profit: $37,496
  • #2,949
  • Jan 14, 2020 8:03am Jan 14, 2020 8:03am
Update:
Worth Holding onto shorts......
So long as the H1 keeps closing below that second upside level at 1547.75 its with holding onto shorts, price also inside the H1 sell zone as such, wash rinse and repeat till it fails.....
4&1 All Time Profit: $37,496
  • #2,950
  • Jan 14, 2020 10:54am Jan 14, 2020 10:54am
Need a break off daily s1 @ 1542.19 on H1 to see more bearish action.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 26 KB
One can live in the shadow of an idea without grasping it.
  • #2,951
  • Jan 14, 2020 11:08am Jan 14, 2020 11:08am
Quoting Trader1971
Need a break off daily s1 @ 1542.19 on H1 to see more bearish action. {image}
If the current hourly candle does not close below S1, then I'm pulling the plug on these trades.
Last chance.
One can live in the shadow of an idea without grasping it.
  • #2,952
  • Jan 14, 2020 12:01pm Jan 14, 2020 12:01pm
Quoting Trader1971
{quote} If the current hourly candle does not close below S1, then I'm pulling the plug on these trades. Last chance.
I'm out for today. No trading for rest of week.
One can live in the shadow of an idea without grasping it.
  • #2,953
  • Jan 14, 2020 12:15pm Jan 14, 2020 12:15pm
Quoting Trader1971
{quote} I'm out for today. No trading for rest of week.
lol...cmon man...still early days.....

Bit of a HnS on the M15 chart...
looking to take another short at 1546( tentative right shoulder, will be 50% nomal lot size though as am expecting some rejection near the m15 200 handle which is a couple of pips slightly above at 1457.84
4&1 All Time Profit: $37,496
  • #2,954
  • Jan 14, 2020 12:48pm Jan 14, 2020 12:48pm
Quoting MzansiObi
{quote} lol...cmon man...still early days..... Bit of a HnS on the M15 chart... looking to take another short at 1546( tentative right shoulder, will be 50% nomal lot size though as am expecting some rejection near the m15 200 handle which is a couple of pips slightly above at 1457.84
HnS invalidate........


Bears need to defend the 46/47 handle to stay in control now.....breakout above pushes us higher to challenge next set of intra day levels
4&1 All Time Profit: $37,496
  • #2,955
  • Edited Jan 15, 2020 1:23am Jan 14, 2020 3:14pm | Edited Jan 15, 2020 1:23am
What's next for gold

https://www.forexfactory.com/showthr...7#post12703367
COT: The precious data ignored
  • #2,956
  • Jan 14, 2020 10:41pm Jan 14, 2020 10:41pm
15 January 2020

Some whipsaw action playing out with Gold at the moment Serious support near D1 buy zone which has been too strong for the H1 sellers to really defend the 48/47 handle. With that said we back above the m15 and H1 200 levels and as such, becomes best to wait for LO.....marking 1561.88 and 1540.27 as immediate range....to the downside of the range lies the 1537 key level that has been usde as the head of the H1 HnS, as such invalidation of that area cancels bullish HnS target...so there is yet another contributing point for the 1537/36 handles importance, thus adding "confluence"....


H1: Bearish and Zone: 1547.21 - 1548.02
H4: Bullish and Zone : 1550.75 - 1548.72
D1: Bullish and Zone : 1536.96 - 1518.35




Intra day Levels
Upside
1565.14
1562.25
1556.63
1551.69

Downside
1548.64
1543.95
1538.76
1535.71
1530.77


Green Pips
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDDaily_LI.jpg Size: 516 KB
4&1 All Time Profit: $37,496
  • #2,957
  • Jan 14, 2020 10:48pm Jan 14, 2020 10:48pm
Quoting MzansiObi
15 January 2020 Some whipsaw action playing out with Gold at the moment Serious support near D1 buy zone which has been too strong for the H1 sellers to really defend the 48/47 handle. With that said we back above the m15 and H1 200 levels and as such, becomes best to wait for LO.....marking 1561.88 and 1540.27 as immediate range....to the downside of the range lies the 1537 key level that has been usde as the head of the H1 HnS, as such invalidation of that area cancels bullish HnS target...so there is yet another contributing point for the 1537/36...
Good Morning Sir,,,you must be aware of today's USA-China Trade Deal. What kind of impact can be made on market by this Deal? And at what time is it going to take place? Apart from my query please tell me what do you think about it?
  • #2,958
  • Jan 15, 2020 12:16am Jan 15, 2020 12:16am
Quoting farukh
Monthly pivot @1543-44 Price is below pivot, close above after showing good support @1535 may trigger for long. Rejection from pivot may drop it further to 1527-30
It's working so far. As Obi mentioned, first hurdle for bulls is 1560 then 1566. We may find bears again from 1570
P.S. Trade with the discipline of Money Management and Risk Management.
  • #2,959
  • Jan 15, 2020 2:33am Jan 15, 2020 2:33am
Quoting Trader1971
{quote} I'm out for today. No trading for rest of week.
I took the day off from work, 1st day of school for my kids.
Sitting at home all alone now, just could not resist to place some trades on Gold.
I placed three trades. Hard stop at 1540.51
*1551.89 - target 1600.00
*1552.25 - target 1585.45
*1553.14 - target 1572.05
At 1560.10 I will move my stop to BE
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 47 KB

Best of trading to all.
One can live in the shadow of an idea without grasping it.
  • #2,960
  • Jan 15, 2020 4:45am Jan 15, 2020 4:45am
Quoting Rudrax
{quote} Good Morning Sir,,,you must be aware of today's USA-China Trade Deal. What kind of impact can be made on market by this Deal? And at what time is it going to take place? Apart from my query please tell me what do you think about it?
Hey Rud...

I think it may inject some volatility into the markets. I dont know if it would be in a northward direction or downward direction, as things stand we can see how tight the range has been all day and my assumption is that we are waiting for it...How best we can prepare for it is by monitoring price action at our levels and zones and look for signals as and when it gets there....for the fundamental information youre looking for id suggest you check this page out...

https://www.metalsmine.com/showthrea...921168&page=20

Events trader set this up with a specific focus on discussing and analysing the fundamental aspects associated with the high impact events.....
4&1 All Time Profit: $37,496
22 traders viewing now