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4 + 1 (Metals) strategy

  • #3,561
  • Feb 17, 2020 7:39am Feb 17, 2020 7:39am
Quoting MzansiObi
Update: As Trader1971 mentioned, public holiday taking abit of the juice out of the markets thus far, however the H1 buy zone remains intact and a bit of a bounce after testing the lower band and bullish LO session, buy dip remains referred order of business till we rest that m15 200 handle....
The holiday is really really taking the juice out of the market big time bro.
Learn... Work Hard... Trade Alone
  • #3,562
  • Feb 17, 2020 7:50am Feb 17, 2020 7:50am
Quoting farukh
{quote} Can u please share the values of moving averages for each color line. I use 50sma and 150sma to see crossover.
Rules.
1. 15 EMA applied to the close.
2. 30 EMA applied to the open.

We look to buy:
On 4hourly or 1hourly chart 15 EMA crosses above 30 EMA
Candlestick/price gets close to 15 EMA.
Drop to 15min chart, when price near 15 EMA on 15M chart we buy.
SL a couple of pips away from swing low on 4h/1H

We look to sell:
On 4hourly or 1 hourly chart 15 EMA crosses below 30 EMA
Candlestick/price is close to 15 EMA.
Drop to 15min chart, when price near 15 EMA on 15M chart we sell
SL a couple of pips away from swing high on 4h/1h.

Tah mate
4&1 All Time Profit: $37,496
  • #3,563
  • Feb 17, 2020 8:28am Feb 17, 2020 8:28am
Quoting MzansiObi
{quote} Hey Gold Girl, thats good, you were nice and patient with that long trade you took a couple of sessions ago, nice one!!! Have got a pending buy order at 1577.83 Lets see if it can get it filled.... Green Pips
The big hands kept changing with the small hands. Price is struggling to go up.
  • #3,564
  • Feb 17, 2020 8:41am Feb 17, 2020 8:41am
H1 parabolic sar and stochastic is quite good as a reference of current trendline too.
  • #3,565
  • Feb 17, 2020 9:20am Feb 17, 2020 9:20am
Quoting goldgirl
{quote} The big hands kept changing with the small hands. Price is struggling to go up.
every dip inside the buy zone is well worth a long shot, such days when we are more range bound and that range is soo narrow, one needs to exercises some serious patience.... London session closes in less than two hours so lets see how they position themselves towards the close.....


Im looking forward to the next session to be honest...
4&1 All Time Profit: $37,496
  • #3,566
  • Feb 17, 2020 10:05am Feb 17, 2020 10:05am
Quoting goldgirl
{quote} The big hands kept changing with the small hands. Price is struggling to go up.
I see their hands on the chart... so time chopping.
Learn... Work Hard... Trade Alone
  • #3,567
  • Feb 17, 2020 10:47am Feb 17, 2020 10:47am
This is the craziest market so far...
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  • #3,568
  • Feb 17, 2020 11:01am Feb 17, 2020 11:01am
Price attempting twice to break my downward price channel upwards. If it does, Sote... If it does not, the more Sote...
Then, we go down alive.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200217_175807_690.jpg Size: 70 KB
Learn... Work Hard... Trade Alone
  • #3,569
  • Feb 17, 2020 11:21am Feb 17, 2020 11:21am
Quoting MzansiObi
{quote} every dip inside the buy zone is well worth a long shot, such days when we are more range bound and that range is soo narrow, one needs to exercises some serious patience.... London session closes in less than two hours so lets see how they position themselves towards the close..... Im looking forward to the next session to be honest...
Me too. Look forward for a deeper retrace and reload long. China found new treatment method for coronavirus. Old medicine on new virus.
  • #3,570
  • Feb 17, 2020 11:22am Feb 17, 2020 11:22am
Quoting BiteFX
Price attempting twice to break my downward price channel upwards. If it does, Sote... If it does not, the more Sote... Then, we go down alive. {image}
These 2 days, the price may retrace abit. Wednesday onwards, trading climate may change.
  • #3,571
  • Feb 17, 2020 11:36am Feb 17, 2020 11:36am
Quoting goldgirl
{quote} These 2 days, the price may retrace abit. Wednesday onwards, trading climate may change.
Agreed... I like it when we leave room for probabilities... using words like : may, if, probably e.t.c
Learn... Work Hard... Trade Alone
  • #3,572
  • Feb 17, 2020 5:36pm Feb 17, 2020 5:36pm
Gold with gapping plays... wohhh!
Learn... Work Hard... Trade Alone
  • #3,573
  • Feb 17, 2020 10:59pm Feb 17, 2020 10:59pm
18 of February 2020


Trader1971 did mention a rather slow trading day as a result of the US holiday, after finding support in the H1 buy zone, price stalled and rallied higher after the market open, now, although our zones remain bullish and price has rallied, my thinking is that it has pushed up too high, too quick, as such have taken shorts at current levels as we have also challenged the first weekly upside level, now, thats not to say it wont continue rallying as we are in an uptrend, however, im looking to trade the pullbacks towards the buy zones and or the m15 200 handles and H1 200 handles respectively, the RSI and stoch seem to be looking to point southwards on the m15 as such will see if price will pullback deep enough and get me looking to go long again...

H1: Bullish and ZOne: 1583.96 - 1582.46
H4: Bullish and ZOne: 1580.48 - 1576.90
D1: Bullish and Zone: 1573.84 - 1561.46


Intra day levels
Upside
1596.45
1593.33
1590.12
1588.26
1585.77


Downside
1583.91
1582.75
1581.92
1579.02
1577.86


Green Pips
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1_LI.jpg Size: 185 KB
4&1 All Time Profit: $37,496
  • #3,574
  • Feb 18, 2020 12:28am Feb 18, 2020 12:28am
My parameters for determining today's trend / who wins today's fight is yet to be completed. Hence, I will continue with yesterday's trade idea (Down) until new parameters are completed.
Then, I will show an update.
Chart still has levels as yesterday's and directional bias as yesterday's too.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200218_072338_769.jpg Size: 101 KB
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  • #3,575
  • Feb 18, 2020 12:34am Feb 18, 2020 12:34am
Quoting BiteFX
My parameters for determining today's trend / who wins today's fight is yet to be completed. Hence, I will continue with yesterday's trade idea (Down) until new parameters are completed. Then, I will show an update. Chart still has levels as yesterday's and directional bias as yesterday's too. {image}
Like I said, my "today's trend" does not override what we all see as overall trend or directional bias.
Just my intraday thing...

We Stay Alive...
Learn... Work Hard... Trade Alone
  • #3,576
  • Feb 18, 2020 12:39am Feb 18, 2020 12:39am
Quoting MzansiObi
18 of February 2020 Trader1971 did mention a rather slow trading day as a result of the US holiday, after finding support in the H1 buy zone, price stalled and rallied higher after the market open, now, although our zones remain bullish and price has rallied, my thinking is that it has pushed up too high, too quick, as such have taken shorts at current levels as we have also challenged the first weekly upside level, now, thats not to say it wont continue rallying as we are in an uptrend, however, im looking to trade the pullbacks towards the buy...
Stops at Entry. Partial profits take . RSI and Stichastic pointing southward....let’s see if we can dip low enough to get a tag of the H1 buy zone
Attached Image (click to enlarge)
Click to Enlarge Name: D20E5126-9EE4-4EC4-8D8A-7FBEDC2CA744.png Size: 325 KB
4&1 All Time Profit: $37,496
  • #3,577
  • Feb 18, 2020 1:47am Feb 18, 2020 1:47am
Quoting BiteFX
Gold with gapping plays... wohhh!
That's a third gap this year. Gaps happen once in few weeks.
  • #3,578
  • Feb 18, 2020 2:07am Feb 18, 2020 2:07am
Quoting yg10
{quote} That's a third gap this year. Gaps happen once in few weeks.
Where is Gap???
  • #3,579
  • Feb 18, 2020 2:24am Feb 18, 2020 2:24am
Quoting Rudrax
{quote} Where is Gap???
When Market opened.
  • #3,580
  • Feb 18, 2020 2:26am Feb 18, 2020 2:26am
Quoting Rudrax
{quote} Where is Gap???
Look at yesterdays daily close and todays daily open, should be able to pick it up
4&1 All Time Profit: $37,496
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