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4 + 1 (Metals) strategy

  • #3,601
  • Feb 19, 2020 3:05am Feb 19, 2020 3:05am
Quoting goldgirl
Exit 50% now at 1604
Reload long at 1600 and aim tp1, 1611 and tp2 1626
  • #3,602
  • Feb 19, 2020 3:38am Feb 19, 2020 3:38am
Quoting MzansiObi
{quote} Haven’t heard of him. Will look it up..... London open in a couple of minutes. Bulls are adamant to defend that 1600 handle....there is some bearish RDI divergence so let’s see if we can get some H1 buy dips going. Will not be waiting on the tag of the m15 or H1 200 handles...half normal position size will be taken inside H1 buy zone and remaining half should we get to the 200 MA handles on the H1 and M15 charts
Hiii Mzansi... thanks for your kind guidance, I am having fine results with your strategy.
but I am still lil bit confused about MA200,,, I mean MA15 & MA30 are well understood but what to do when price crosses or gets closed near MA200.
I hope you have got what I want to know
  • #3,603
  • Feb 19, 2020 4:35am Feb 19, 2020 4:35am
Testing call, please try on demo only.
Candle colors pattern..

Attached Image (click to enlarge)
Click to Enlarge Name: InkedXAUUSDM15_LI.jpg Size: 596 KB
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,604
  • Edited 5:22am Feb 19, 2020 5:11am | Edited 5:22am
Quoting goldgirl
{quote} Reload long at 1600 and aim tp1, 1611 and tp2 1626
Exit tp1 now
  • #3,605
  • Feb 19, 2020 6:57am Feb 19, 2020 6:57am
Quoting Rudrax
{quote} Hiii Mzansi... thanks for your kind guidance, I am having fine results with your strategy. but I am still lil bit confused about MA200,,, I mean MA15 & MA30 are well understood but what to do when price crosses or gets closed near MA200. I hope you have got what I want to know
Hi Rud,


If H1 is bullish and we dip towards the m15 200 handle, then that handle also becomes a good area to buy on, similarly if we are bearish on the H sell zone and price rallies towards the m15 200 then its a good sell,,

The H1 200 EMA will in most instances be tagged when the H1 buy Zone is either flat or in the midst of changing direction, as such price inside the H4 buy Zone and tagging the H1 200 handle becomes a good buy dip area or possible reversal point similarly if the H4 is in a sell zone and price rallies towards the H1 200 handle then it also becomes a good sell area or possible reversal point.....Hope this makes sense

Quoting farukh
Testing call, please try on demo only. Candle colors pattern.. {image}
Care to elaborate for us please Farukh.
Seeing possible dip towards the 1602 handle following that Bear H1 close.....

Quoting goldgirl
{quote} Exit tp1 now
Nice!!!!

Been having a tough day at the office past two sessions, didnt take the H1 buy dips as was looking for deeper pullbacks, and sold into the strong rally looking at the bearish divergence, still in it though....
patience being tested at the moment...
4&1 All Time Profit: $37,496
  • #3,606
  • Feb 19, 2020 7:30am Feb 19, 2020 7:30am
Quoting farukh
Testing call, please try on demo only. Candle colors pattern.. {image}
When price becomes flat on a particular timeframe and creates 3 pair of candles BullBear BullBear BullBear then there is probability that price may go towards selling and vice versa for buying i.e. for buying the 3 pair of candles will be BearBull BearBull BearBull.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,607
  • Feb 19, 2020 7:35am Feb 19, 2020 7:35am
Quoting MzansiObi
{quote} Hi Rud, If H1 is bullish and we dip towards the m15 200 handle, then that handle also becomes a good area to buy on, similarly if we are bearish on the H sell zone and price rallies towards the m15 200 then its a good sell,, The H1 200 EMA will in most instances be tagged when the H1 buy Zone is either flat or in the midst of changing direction, as such price inside the H4 buy Zone and tagging the H1 200 handle becomes a good buy dip area or possible reversal point similarly if the H4 is in a sell zone and price rallies towards the H1 200...
Fundamental may supercide technical analysis now for gold. Economy climate is no good. I am waiting for dip buy again near 1600.
  • #3,608
  • Feb 19, 2020 7:42am Feb 19, 2020 7:42am
Quoting goldgirl
{quote} Fundamental may supercide technical analysis now for gold. Economy climate is no good. I am waiting for dip buy again near 1600.
Got my buy dip in on the retest of the H1 buy zone upper band(1604.59) if we get back towards tte1509 handle will take a short there about. a HnS pattern on the m15 chart may be worth a try
4&1 All Time Profit: $37,496
  • #3,609
  • Feb 19, 2020 9:03am Feb 19, 2020 9:03am
Update: Bullish H1 Candle inside the H1 buy ZOne, lets see if we can push higher on the retest of those highs and possibly look to break them...
1602 has been tagged Farukh so lets watch and see
4&1 All Time Profit: $37,496
  • #3,610
  • Feb 19, 2020 12:38pm Feb 19, 2020 12:38pm
Quoting MzansiObi
{quote} Got my buy dip in on the retest of the H1 buy zone upper band(1604.59) if we get back towards tte1509 handle will take a short there about. a HnS pattern on the m15 chart may be worth a try
edit: 1609 and not 1509,


Price is a couple of pips away from the 1609 handle, Buy order stops are at entry will be shorting the 1609 with stops at 1620.


Lets see..
4&1 All Time Profit: $37,496
  • #3,611
  • Feb 19, 2020 1:06pm Feb 19, 2020 1:06pm
Quoting MzansiObi
{quote} edit: 1609 and not 1509, Price is a couple of pips away from the 1609 handle, Buy order stops are at entry will be shorting the 1609 with stops at 1620. Lets see..
50 percent closed on sell order, stops not trailing just yet.
4&1 All Time Profit: $37,496
  • #3,612
  • Feb 20, 2020 12:40am Feb 20, 2020 12:40am
20 February 2020



Price seems to have stalled somewhat following the breakout, however with that said, still we remain bullish on pullbacks towards the H1 buy zones, will be looking to continue buying half normal position sizes on the H1 and the remainder of the position size will be taken at the m15 200 handle, reason being, price has rallied too far away from the H4 buy zone and also the other two quicker moving averages(ie the H1 200 and M15 200) as such cannot and do not want to rule out possible dips towards those levels.
For now we will look to continue following PA, and as we mentioned a few sessions back, that 1610/12 wick has been filled and now the target for the bulls becomes to try and make a new structural high.


H1: Bullish and Zone:1608.53 - 1605.88
H4: Bullish and Zone:1600.61 - 1591.84
D1: Bullish and Zone:1582.62 - 1567.11

Intra day levels
Upside
1625.11
1620.62
1616.34
1613.17
1608.31
Downside
1607.82
1606.24
1602.93
1601.63
1599.1
1597.96



Green Pips
4&1 All Time Profit: $37,496
  • #3,613
  • Feb 20, 2020 2:25am Feb 20, 2020 2:25am
Update: Didn’t quite get that m15 200 handle on that dip....H1 RSI still sloping downward so may have another opportunity to load it....let’s see if we can get a bullish ah1 close on current H1 candle
4&1 All Time Profit: $37,496
  • #3,614
  • Feb 20, 2020 4:07am Feb 20, 2020 4:07am
Hi MzansiObi,

Thanks for this thread, would you mind clearing up that you mentioned15 EMA applied to the close, 30 EMA applied to the open and 50. however, is see in your recent chart, there are 4 MAs?

just curious what exactly 4+1 means
  • #3,615
  • Feb 20, 2020 11:09am Feb 20, 2020 11:09am
Exit 50% long
  • #3,616
  • Feb 20, 2020 10:00pm Feb 20, 2020 10:00pm
Exit all @ 1625 for tp2
  • #3,617
  • Feb 20, 2020 10:01pm Feb 20, 2020 10:01pm
Short now @ 1625 sl 1630, tp open
  • #3,618
  • Feb 20, 2020 10:29pm Feb 20, 2020 10:29pm
Quoting goldgirl
Short now @ 1625 sl 1630, tp open
Interesting, you've been long for most of this ride, good for you ! may I ask why you flipped short on that particular price ?
Green pips !
  • #3,619
  • Feb 20, 2020 10:46pm Feb 20, 2020 10:46pm
Long another lot at 1626
  • #3,620
  • Feb 20, 2020 10:46pm Feb 20, 2020 10:46pm
Quoting Tragruel
{quote} Interesting, you've been long for most of this ride, good for you ! may I ask why you flipped short on that particular price ? Green pips !
Multi-months major resistance.
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