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4 + 1 (Metals) strategy

  • #2,961
  • Jan 15, 2020 4:53am Jan 15, 2020 4:53am
Update:

Bullish LO H1 candle, since the H1 is also in bullish territory take a long here
Long 1551.84
Stop below m15 200
TP Open


**M15 Printing Inverted HnS with pramary target around 1568/7 handle...


Green Pips.
Position size become NB as Rud mention there is some Fundamental announcements on the horizon.

Green Pips
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15_LI.jpg Size: 602 KB
4&1 All Time Profit: $37,496
  • #2,962
  • Jan 15, 2020 5:13am Jan 15, 2020 5:13am
Quoting MzansiObi
Update: Bullish LO H1 candle, since the H1 is also in bullish territory take a long here Long 1551.84 Stop below m15 200 TP Open **M15 Printing Inverted HnS with pramary target around 1568/7 handle... Green Pips. Position size become NB as Rud mention there is some Fundamental announcements on the horizon. Green Pips {image}
Stops at entry will let this one run risk free...
4&1 All Time Profit: $37,496
  • #2,963
  • Jan 15, 2020 5:39am Jan 15, 2020 5:39am
Quoting MzansiObi
{quote} 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...
Thanks Sir for suggesting me about events thread...
and this event may bring southwad the gold...
its at 1630GMT.
  • #2,964
  • Jan 15, 2020 7:29am Jan 15, 2020 7:29am
Quoting Trader1971
{quote} 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 {image} Best of trading to all.
Just entered another long position at 1548.82 - stop at 1540.51 - target 1560.10
My total Risk now 2.5%
I just think that weekly PP at 1571.17 has a good chance of being tested again before friday.
I would like to see that current H1 candle close above 1549.2 M15 200EMA
One can live in the shadow of an idea without grasping it.
  • #2,965
  • Jan 15, 2020 8:04am Jan 15, 2020 8:04am
Quoting Trader1971
{quote} Just entered another long position at 1548.82 - stop at 1540.51 - target 1560.10 My total Risk now 2.5% I just think that weekly PP at 1571.17 has a good chance of being tested again before friday. I would like to see that current H1 candle close above 1549.2 M15 200EMA
Looking good for bulls
My last position now at BE
Will be moving all my stops to BE at 1560.1
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 42 KB

One can live in the shadow of an idea without grasping it.
  • #2,966
  • Jan 15, 2020 8:07am Jan 15, 2020 8:07am
Quoting Trader1971
{quote} Looking good for bulls My last position now at BE {image}
Missed the show!
See we had some decent swings and an ideal buy dip....
Let’s see if we can get another pullback to retry long....Still above the m15 and H1 200 handles....

so bullish remains safest
4&1 All Time Profit: $37,496
  • #2,967
  • Edited 9:07am Jan 15, 2020 8:55am | Edited 9:07am
Quoting MzansiObi
{quote} Missed the show! See we had some decent swings and an ideal buy dip.... Let’s see if we can get another pullback to retry long....Still above the m15 and H1 200 handles.... so bullish remains safest
My last entry just got stopped out at BE.
Very choppy. Lol
Testing M15 200EMA again.
I still have 3 active positions long.
Sitting on my hand and let it play out.
One can live in the shadow of an idea without grasping it.
  • #2,968
  • Jan 15, 2020 9:19am Jan 15, 2020 9:19am
Quoting Trader1971
{quote} My last entry just got stopped out at BE. Very choppy. Lol Testing M15 200EMA again. I still have 3 active positions long. Sitting on my hand and let it play out.
We back inside the H1 buy Zone....
Looking to go long again and see...Smaller lot size due to choppiness as you mentioned.....lets see what it does...
4&1 All Time Profit: $37,496
  • #2,969
  • Jan 15, 2020 9:34am Jan 15, 2020 9:34am
Quoting MzansiObi
{quote} We back inside the H1 buy Zone.... Looking to go long again and see...Smaller lot size due to choppiness as you mentioned.....lets see what it does...
Gold is currently just trading sideways
Great opportunity for scalping
Need for more patience is a must!
One can live in the shadow of an idea without grasping it.
  • #2,970
  • Jan 15, 2020 9:34am Jan 15, 2020 9:34am
Quoting MzansiObi
{quote} We back inside the H1 buy Zone.... Looking to go long again and see...Smaller lot size due to choppiness as you mentioned.....lets see what it does...
Have you found it forming invest hns? Right shoulder @1548
P.S. Trade with the discipline of Money Management and Risk Management.
  • #2,971
  • Jan 15, 2020 9:37am Jan 15, 2020 9:37am
Quoting Trader1971
{quote} Gold is currently just trading sideways Great opportunity for scalping Need for more patience is a must!
This is true.... trailing the profits just as NB now aswell.... still sluggish on my part to be honest.....been missing a couple.......

Quoting farukh
{quote} Have you found it forming invest hns? Right shoulder @1548
Timeframe please bud.....
4&1 All Time Profit: $37,496
  • #2,972
  • Jan 15, 2020 10:53am Jan 15, 2020 10:53am
Quoting MzansiObi
{quote} This is true.... trailing the profits just as NB now aswell.... still sluggish on my part to be honest.....been missing a couple....... {quote} Timeframe please bud.....
on h1
it will be more clear on h4 if current h4 will be closed bullish
P.S. Trade with the discipline of Money Management and Risk Management.
  • #2,973
  • Jan 15, 2020 11:52am Jan 15, 2020 11:52am
Quoting Trader1971
{quote} 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 {image} Best of trading to all.
After some evaluation of today's price action, I'm adjusting my open trades as follow:
Hard stop change from 1540.51 to 1548.4 (reducing risk)
*1551.89 - change target to 1557.65
*1552.25 - change target to 1559.46
*1553.14 - change target to 1561.27
I am very tempted to just close all trades for a few, decided to give them a chance.
Price can re test 1544.00 or even lower at any time
One can live in the shadow of an idea without grasping it.
  • #2,974
  • Jan 15, 2020 11:56am Jan 15, 2020 11:56am
Quoting farukh
{quote} on h1 it will be more clear on h4 if current h4 will be closed bullish
Given the range you guys mentioned, the m15 also forming a bit of its own HnS now.....
Will need to throw caution to the wind now.....
4&1 All Time Profit: $37,496
  • #2,975
  • Jan 15, 2020 12:55pm Jan 15, 2020 12:55pm
Quoting Trader1971
{quote} After some evaluation of today's price action, I'm adjusting my open trades as follow: Hard stop change from 1540.51 to 1548.4 (reducing risk) *1551.89 - change target to 1557.65 *1552.25 - change target to 1559.46 *1553.14 - change target to 1561.27 I am very tempted to just close all trades for a few, decided to give them a chance. Price can re test 1544.00 or even lower at any time
Move all stops to BE.
Took 50% off at 1556.00
One can live in the shadow of an idea without grasping it.
  • #2,976
  • Jan 15, 2020 1:20pm Jan 15, 2020 1:20pm
Quoting Trader1971
{quote} Move all stops to BE. Took 50% off at 1556.00
I'm DONE for today. Closed out the rest of my positions manually at 1555.00
Need to get some sleep. Back at work tomorrow.

Enjoy!
One can live in the shadow of an idea without grasping it.
  • #2,977
  • Jan 15, 2020 9:20pm Jan 15, 2020 9:20pm
16 January 2020

Morning Traders

Another bullish daily close but nothing outside the interim range that price has been moving in.
We have identified the range ceiling and range floor and its NB to note that as and when price gets there it may be wise to book profits and look for re entries following confimation signals and also around the key levels....H1 inverse HnS setup still remains intact( with target at 1578.96) but until/unless price breaks that neckline at the 1560 mark like Farukh mentioned we remain range bound.....

H1 Bullish and Zone: 1554.66 - 1552.84
H4 Flat( As can be expected given the range trading)
D1: Bullish and Zone: 1540.37 - 1520.73


Intra day levels
Upside
1573.12
1570.79
1565
1560.98
1558.1

Downside
1553.85
1550.73
1548.72
1545.90
1541.24
1536.52
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD 1 Oz.fH1_LI.jpg Size: 917 KB
4&1 All Time Profit: $37,496
  • #2,978
  • Jan 16, 2020 3:24am Jan 16, 2020 3:24am
Update: Bullish H1 close during LO.
H1 bullish zone intact and decent bounce off of the m15 200....as such buy dip mode preferred bias leading up to NY open
4&1 All Time Profit: $37,496
  • #2,979
  • Jan 16, 2020 7:55am Jan 16, 2020 7:55am
Update: So long as that
1552.50 handle keeps holding we keep buying dips.....
Havent really brought our intra day levels into play yet....but we keep monitoring OPA, if this H1 close is bullish, further validates upward momentum.


Remain patient...
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD 1 Oz.fM15_LI.jpg Size: 951 KB
4&1 All Time Profit: $37,496
  • #2,980
  • Jan 16, 2020 8:24pm Jan 16, 2020 8:24pm
17 January 2020


Sideways movement making it a bit difficult to get going for price, not much to go by for the bears as price keeps finding support off of the H1 200 ema and is back above the m15 200 MA again...H1 zone is a bit of a mess at the moment so too is the H4 as the market is moving in a sideways direction but the supportive H1 200 together with Bullish daily buy zone keeps bias long......been a sluggish week to say the least but remaining patient and observent of price action and momentum lets see if we can get a breakout, the HnS target still remains intact at 1577/78 there may be inside patterns being formed on the lower time frames but those we monitor as price moves


Upside
1567.63
1565.38
1562.86
1559.10
1556.65
1554.27

Downside
1552.81
548.97
1546.60
1542.76
1538.21
1534.78
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD 1 Oz.fH1_LI.jpg Size: 903 KB
4&1 All Time Profit: $37,496
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