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4 + 1 (Metals) strategy

  • #2,981
  • Jan 17, 2020 2:46am Jan 17, 2020 2:46am
Quoting MzansiObi
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...
Update: We finally have something more than the H1 and M15 200 EMA's to work with, price tracking higher after that bounce off of the H1 200 has resulted in us getting back above the m15 and also has a clearer depiction of the H1 buy Zone....with that said, H1 buy Zone currently at
H1: Bullish and Zone: 1554.27 - 1553.74...... as such buy dip mode continues....


Green Pips
4&1 All Time Profit: $37,496
  • #2,982
  • Jan 17, 2020 6:01am Jan 17, 2020 6:01am
Quoting MzansiObi
{quote} Update: We finally have something more than the H1 and M15 200 EMA's to work with, price tracking higher after that bounce off of the H1 200 has resulted in us getting back above the m15 and also has a clearer depiction of the H1 buy Zone....with that said, H1 buy Zone currently at H1: Bullish and Zone: 1554.27 - 1553.74...... as such buy dip mode continues.... Green Pips
Hello M,
Missed the buy zone, been at work.
Entered long at 1556.79
Open target, no stops, manage loss with EA
Interesting to see dollar index rally and gold holding ground.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 43 KB

One can live in the shadow of an idea without grasping it.
  • #2,983
  • Jan 17, 2020 6:48am Jan 17, 2020 6:48am
Quoting Trader1971
{quote} Hello M, Missed the buy zone, been at work. Entered long at 1556.79 Open target, no stops, manage loss with EA Interesting to see dollar index rally and gold holding ground. {image}
Took 50% off trade and add hard stop at BE + ticks
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 31 KB
One can live in the shadow of an idea without grasping it.
  • #2,984
  • Jan 17, 2020 7:17am Jan 17, 2020 7:17am
Price busy testing a supply zone.
Lets see if it's gonna break.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 39 KB
One can live in the shadow of an idea without grasping it.
  • #2,985
  • Jan 17, 2020 7:32am Jan 17, 2020 7:32am
Stopped out at BE
Will reload on dips
One can live in the shadow of an idea without grasping it.
  • #2,986
  • Jan 17, 2020 7:58am Jan 17, 2020 7:58am
Took a new position on M15 confluence with trend line and 50 EMA
Also add a buy limit order on M15 200 EMA
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 47 KB

One can live in the shadow of an idea without grasping it.
  • #2,987
  • Jan 17, 2020 8:11am Jan 17, 2020 8:11am
It looks like bear waking up
  • #2,988
  • Jan 17, 2020 8:37am Jan 17, 2020 8:37am
Currently I see a very strong dollar and a very strong gold price.
This is why gold against the USD is not moving.
If repo purchases is still on, USD should weaken and gold should go up.
Just my point of view, I might be missing this boat big time.
One can live in the shadow of an idea without grasping it.
  • #2,989
  • Jan 17, 2020 8:59am Jan 17, 2020 8:59am
Pending order missed.
Take 50% profit, move stop to BE.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 43 KB
One can live in the shadow of an idea without grasping it.
  • #2,990
  • Jan 17, 2020 9:04am Jan 17, 2020 9:04am
Bought since 1543. Tp1 1580, Tp2 1626
  • #2,991
  • Jan 17, 2020 9:18am Jan 17, 2020 9:18am
Quoting Trader1971
Pending order missed. Take 50% profit, move stop to BE. {image}
Stopped out. Calling it a day.
Great weekend to all.
One can live in the shadow of an idea without grasping it.
  • #2,992
  • Jan 19, 2020 8:24am Jan 19, 2020 8:24am
Gold view

https://www.cryptocraft.com/showthre...8#post12710168
COT: The precious data ignored
  • #2,993
  • Jan 19, 2020 11:55pm Jan 19, 2020 11:55pm
20 January 2020


New week, new Opportunitites,

Price currently testing and attempting to break out from the range/consolidation phase that it has been trading in, as mentioned last week, the inverse H1 HnS pattern still valid and intact so long as price action continues using the 1549.42 handle as support, and the level also serving as the Head structure of the Inverted pattern....

Due to the Bullish daily structure and another weekly close above the 1537/6 handle, bias still remains favorable for bulls with some hurdles along the way....
At the moment, H1 is bullish and pointing up and still above the H1 200 and m15 200 levels, as such buy dip continues

H1: Bullish and Zone: 1558.05 - 1557.16
H4: Bullish and Zone: 1555.89 - 1554.13
D1: Bullish and Zone: 1523.67 - 1543.93

Weekly Levels
Upside
1595.29
1592.48
1576.96
1567.22
1561.20

Downside
1551.46
1541.72
1535.70
1525.96
1521.77


Intra day levels: Monday

Upside
1574.22
1572.07
1567.74
1563.22

Downside
1560.42
1556.75
1555.20
1551.37
1548.57
1545.69
4&1 All Time Profit: $37,496
  • #2,994
  • Jan 20, 2020 12:01am Jan 20, 2020 12:01am
Quoting MzansiObi
20 January 2020 New week, new Opportunitites, Price currently testing and attempting to break out from the range/consolidation phase that it has been trading in, as mentioned last week, the inverse H1 HnS pattern still valid and intact so long as price action continues using the 1549.42 handle as support, and the level also serving as the Head structure of the Inverted pattern.... Due to the Bullish daily structure and another weekly close above the 1537/6 handle, bias still remains favorable for bulls with some hurdles along the way.... At the...
First buy order of the day, have scaled out and taken partial profits, stops trailing, will look to begin shorting around the second upside level for monday as that is where the H1 Inverted target lies more or less, if it doesnt get there we keep recycling our zones and levels till they fail...
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD 1 H1_LI.jpg Size: 1.0 MB
4&1 All Time Profit: $37,496
  • #2,995
  • Jan 20, 2020 12:23am Jan 20, 2020 12:23am
Quoting MzansiObi
20 January 2020 New week, new Opportunitites, Price currently testing and attempting to break out from the range/consolidation phase that it has been trading in, as mentioned last week, the inverse H1 HnS pattern still valid and intact so long as price action continues using the 1549.42 handle as support, and the level also serving as the Head structure of the Inverted pattern.... Due to the Bullish daily structure and another weekly close above the 1537/6 handle, bias still remains favorable for bulls with some hurdles along the way.... At the...
Just want to add 1587 to the weekly upside level please
4&1 All Time Profit: $37,496
  • #2,996
  • Jan 20, 2020 2:32am Jan 20, 2020 2:32am
Update:

Pending Buy Order:
Long 1556.06
SL 1546
TP Open.


Lets see.
4&1 All Time Profit: $37,496
  • #2,997
  • Jan 20, 2020 4:06am Jan 20, 2020 4:06am
Quoting MzansiObi
Update: Pending Buy Order: Long 1556.06 SL 1546 TP Open. Lets see.
Looking at M15 and what it is currently printing, thinking this long may get a chance to get filled.....patiently waiting on it
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15_LI.jpg Size: 641 KB
4&1 All Time Profit: $37,496
  • #2,998
  • Jan 20, 2020 7:17am Jan 20, 2020 7:17am
Quoting MzansiObi
Update: Pending Buy Order: Long 1556.06 SL 1546 TP Open. Lets see.
Adjusting this entry to 1556.95
Stops remain the same...
4&1 All Time Profit: $37,496
  • #2,999
  • Jan 20, 2020 10:40pm Jan 20, 2020 10:40pm
21 January 2020

Supportive H1 Buy Zone since the open, prices have continued to climb and tag the second weekly upside level this morning.
Yesterdays PA was rather subdued with the public holiday and all, hoping for more volatility today, with that said, we have another leg up from the H1 buy zone and as such, will look to see what the LO hour does and the bias would become to continue with the Buy dip mode.

H1: Bullish and Zone: 1562.82 - 1561.21
H4: Bullish and Zone: 1559.19 - 1556.62
D1: Bullish and Zone: 1547.83 - 1528.48




Intraday Levels
Upside
1574.73
1570.06
1566.42
1568.51

Downside
1563.97
1562.46
1560.32
1558.81
1557.55
1556.04(extension level)
1553.98
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD 1 Oz.fH1_LI.jpg Size: 891 KB
4&1 All Time Profit: $37,496
  • #3,000
  • Jan 20, 2020 10:49pm Jan 20, 2020 10:49pm
Quoting MzansiObi
{quote} First buy order of the day, have scaled out and taken partial profits, stops trailing, will look to begin shorting around the second upside level for monday as that is where the H1 Inverted target lies more or less, if it doesnt get there we keep recycling our zones and levels till they fail... {image}
Target for the Inside Inverted HnS pattern reached(Marked in red), In line with the Buy zones across our charts of interest, i am looking for bit of a pullback before we look to challenge the bigger HnS Pattern with target at 1580/81 (Marked in blue). Patience becomes key....
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD 1 Oz.fH1Patterns_LI.jpg Size: 879 KB
4&1 All Time Profit: $37,496
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