4 + 1 (Metals) strategy | Page 154 | 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

  • #3,061
  • Jan 23, 2020 11:43pm Jan 23, 2020 11:43pm
Quoting MzansiObi
{quote} Closing Half the trade, Stops at entry. Running Risk Free Wash , rinse and repeat the level till it fails
Sir,, Have you got opened this position?
I haven't got that level yet my lowest is 1559.41
  • #3,062
  • Jan 23, 2020 11:54pm Jan 23, 2020 11:54pm
Quoting Rudrax
{quote} Sir,, Have you got opened this position? I haven't got that level yet my lowest is 1559.41
It bounced a couple of pips slightly off of the m15 200, i manually went in at 1559.96.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15_LI.jpg Size: 566 KB
4&1 All Time Profit: $37,496
  • #3,063
  • Jan 24, 2020 12:18am Jan 24, 2020 12:18am
Quoting MzansiObi
{quote} It bounced a couple of pips slightly off of the m15 200, i manually went in at 1559.96. {image}
Sir, It seems these Blue & Green MAs, in above chart, are different from 15EMA & 30EMA of our regular setup.
  • #3,064
  • Jan 24, 2020 12:39am Jan 24, 2020 12:39am
Quoting Rudrax
{quote} Sir, It seems these Blue & Green MAs, in above chart, are different from 15EMA & 30EMA of our regular setup.
Correct.

Dont worry about that, those settings are for my oil charts and trades, i just put the Gold chart there to show you the bounce from the M15 200 handle...
4&1 All Time Profit: $37,496
  • #3,065
  • Jan 24, 2020 1:34am Jan 24, 2020 1:34am
Quoting MzansiObi
{quote} Morning Champ. whats the idea behind taking a the stop loss and then opening another sell trade? just curious Mz.
You know in forex anything is possible.
The idea is to preserve capital for a bigger move.
Using those levels as mentioned above, price may not break the next level. Hence, your next sell or buy may be the big kill.
I believe you understand this better.
Learn... Work Hard... Trade Alone
  • #3,066
  • Jan 24, 2020 1:37am Jan 24, 2020 1:37am
We are still expecting the big moves... If you like breakouts, or reversals the 1st sell or 1st buy today is a good place to start.
Use the chart below.

We Stay Alive...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200124-082540.png Size: 119 KB
Learn... Work Hard... Trade Alone
  • #3,067
  • Jan 24, 2020 1:52am Jan 24, 2020 1:52am
Quoting Rudrax
{quote} Good Morning Sir, As you have shown Pivot Point, Resistance, Support & others Levels on the chart, it had better if you please write them in figures also in the same post. Thanks in advance Sir.
Ouk Rudrax, here you go...As on the chart.
You know phones can capture the picture at once... So on your pc, plot those levels.
2nd Sell... 1578.96
1st Sell... 1570.90
T.P up...1566.09
Resistance... 1563.22
PIVOT...1560.77
Support... 1558.33
T.P down... 1555.33
1st Buy... 1550.44
2nd Buy... 1542.61

I hope that helps our trading account today.
Learn... Work Hard... Trade Alone
  • #3,068
  • Jan 24, 2020 1:58am Jan 24, 2020 1:58am
Quoting BiteFX
{quote} Ouk Rudrax, here you go...As on the chart. You know phones can capture the picture at once... So on your pc, plot those levels. 2nd Sell... 1578.96 1st Sell... 1570.90 T.P up...1566.09 Resistance... 1563.22 PIVOT...1560.77 Support... 1558.33 T.P down... 1555.33 1st Buy... 1550.44 2nd Buy... 1542.61 I hope that helps our trading account today.
Thanks a lot Sir.
Yeahh I will try my best to get your concept and guidelines.
  • #3,069
  • Jan 24, 2020 2:14am Jan 24, 2020 2:14am
Update:
Another

Pending Buy Order

1555.50
SL 1544
TP Open


Green Pips
4&1 All Time Profit: $37,496
  • #3,070
  • Jan 24, 2020 2:53am Jan 24, 2020 2:53am
Quoting Rudrax
{quote} Thanks a lot Sir. Yeahh I will try my best to get your concept and guidelines.
My pleasure Bro.
We are fellow soldiers/traders is you please, just trying to stay alive here.
Learn... Work Hard... Trade Alone
  • #3,071
  • Jan 24, 2020 2:56am Jan 24, 2020 2:56am
Support broken.
Price may head to Take Profit.
Pending buy order order at 1st Buy.

We Stay Alive...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200124-095027.png Size: 115 KB
Learn... Work Hard... Trade Alone
  • #3,072
  • Jan 24, 2020 4:00am Jan 24, 2020 4:00am
Quoting MzansiObi
Morning traders Long 1559.26 SL: 1548 TP OPen
wash rinse and repeat till it fails

50% closed again remainder at entry.

Will look to sell 1564
Stops @ 1571

Inside pattern HnS, will look for retest of the H1 200 EMA.


Green Pips
4&1 All Time Profit: $37,496
  • #3,073
  • Jan 24, 2020 4:13am Jan 24, 2020 4:13am
Hello,
Entered a long trade at 1561.43
Stop at 1557.33
Target 1 at 1566.83 (50% off)
Target 2 at 1573.83
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 32 KB

Looking good.
One can live in the shadow of an idea without grasping it.
  • #3,074
  • Jan 24, 2020 4:22am Jan 24, 2020 4:22am
Quoting Trader1971
Hello, Entered a long trade at 1561.43 Stop at 1557.33 Target 1 at 1566.83 (50% off) Target 2 at 1573.83 {image} Looking good.
Hey TD 71


Eish, today we not singing from the same book....
I wanna buy more from lower and the H1 printing another HnS so am thinking it may look to test structural support before getting going, But lets see.....you may be onto something there as we are above the daily pivot
4&1 All Time Profit: $37,496
  • #3,075
  • Jan 24, 2020 5:07am Jan 24, 2020 5:07am
Quoting MzansiObi
{quote} Hey TD 71 Eish, today we not singing from the same book.... I wanna buy more from lower and the H1 printing another HnS so am thinking it may look to test structural support before getting going, But lets see.....you may be onto something there as we are above the daily pivot
Yes Obi, I agree.
I was looking at fib levels and did not consider structure.
I just might have to pay penalties for that.
Thanks bro.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 46 KB
One can live in the shadow of an idea without grasping it.
  • #3,076
  • Jan 24, 2020 5:23am Jan 24, 2020 5:23am
Price couldn't get to Resistance today yet, because it was rejected there yesterday. And today PIVOT is doing a great job in continuing the rejection.

Price may head to Take Profit and then 1st Buy.

We Stay Alive...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200124-122048.png Size: 115 KB
Learn... Work Hard... Trade Alone
  • #3,077
  • Jan 24, 2020 5:27am Jan 24, 2020 5:27am
Quoting MzansiObi
{quote} wash rinse and repeat till it fails 50% closed again remainder at entry. Will look to sell 1564 Stops @ 1571 Inside pattern HnS, will look for retest of the H1 200 EMA. Green Pips
Remaining 50% taken out at BE have opened another long at the same handle, 50% of normal lot size, will load other halve of the trade at 1555.50.


Green Pips
4&1 All Time Profit: $37,496
  • #3,078
  • Jan 24, 2020 6:03am Jan 24, 2020 6:03am
Quoting Trader1971
Hello, Entered a long trade at 1561.43 Stop at 1557.33 Target 1 at 1566.83 (50% off) Target 2 at 1573.83 {image} Looking good.
I am taking some heat, not stopped out yet.
Feels like the price is busy teasing me. LOL!
One can live in the shadow of an idea without grasping it.
  • #3,079
  • Jan 24, 2020 7:15am Jan 24, 2020 7:15am
Stopped out.
Will be back on Monday.
Best of luck and a great weekend to all.
One can live in the shadow of an idea without grasping it.
  • #3,080
  • Jan 24, 2020 7:45am Jan 24, 2020 7:45am
Quoting MzansiObi
{quote} Remaining 50% taken out at BE have opened another long at the same handle, 50% of normal lot size, will load other halve of the trade at 1555.50. Green Pips
Update;H H1 200 EMA buy order Just missed..... previous three bearish hourly candles hinting at possible up and down movement for a while till we get a clear break out, so will leave the pending buy dip order active ti see if it gets filled.....
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1_LI.jpg Size: 859 KB
4&1 All Time Profit: $37,496
1 trader viewing now