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4 + 1 (Metals) strategy

  • #3,761
  • Mar 2, 2020 2:28am Mar 2, 2020 2:28am
open London market.
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  • #3,762
  • Mar 2, 2020 2:34am Mar 2, 2020 2:34am
Quoting MzansiObi
{quote} First sell order running at 1601.23 SL @1620 TP open. NB only taking this short as it’s inside the H1 sell zone. Waiting on getting a D1 bullish close around current levels to load bigger long setups . Worth noting the D1 candle From Friday’s bearish sentiment didn’t manage to close below the Hard stop for the D1 candle. D1 hard stop handle around: 1585.76 Green Pips
261.8 on H4 thats maximum profit for selling
the gold familiar with fibonacci. Trade safe
  • #3,763
  • Mar 2, 2020 2:36am Mar 2, 2020 2:36am
Quoting b_hand
open London market. {image}
Let’s see what it does around 1613.20....



The H1 zones usually give us the most current sentiment while the longer timeframe zones tend to take time. But the bullish impulse from the D1 zone isn’t to be ignored....


another guy asked me if the bullish sentiment following the Dip couldn’t have been attributed to Profit taking by shorts on Friday. And it may well have been the case as you also pointed out in earlier post that short TO had been reached...need to see how the bears want to follow this up today.....
4&1 All Time Profit: $37,496
  • #3,764
  • Mar 2, 2020 7:10am Mar 2, 2020 7:10am
Update...1600 has become an area of interest now intra day wise....if we get back below it, will be looking for 1572.68 as a target for the bears....That bullish H1 during LOndon Open your put a damper on things for H1 sellers, but price has continued to stay below the Hard astops handle on the H1 so the zone remains valid until we get a clear break and close above it leading to the zone also flipping Bullish....


green pips
4&1 All Time Profit: $37,496
  • #3,765
  • Mar 2, 2020 7:17am Mar 2, 2020 7:17am
Quoting MzansiObi
Update...1600 has become an area of interest now intra day wise....if we get back below it, will be looking for 1572.68 as a target for the bears....That bullish H1 during LOndon Open your put a damper on things for H1 sellers, but price has continued to stay below the Hard astops handle on the H1 so the zone remains valid until we get a clear break and close above it leading to the zone also flipping Bullish.... green pips
Will take another short around 1605.33similar Sl as prior sell setup....

green Pips
4&1 All Time Profit: $37,496
  • #3,766
  • Mar 2, 2020 1:19pm Mar 2, 2020 1:19pm
Update: may need to be more patient before price retests most current low.
pending short @1605 still standing.
would like to see retest of those lows, followed by bullish daily close inside the D1 zone/above hard stop area for D1 long setups.

patience becomes key now
4&1 All Time Profit: $37,496
  • #3,767
  • Mar 3, 2020 12:13am Mar 3, 2020 12:13am
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  • #3,768
  • Mar 3, 2020 1:47am Mar 3, 2020 1:47am
3 March 2020

H1 sell zone provided some return albeit minimal in terms of the range price covered yesterday. The rejection from yesterday’s highs means bears still looking to take control however the daily close above the D1 hard stop(1585.21) handle showing bulls still defending the D1 buy zone.....

As such, we will look to see if we can get an H1 close above the 1598 handle as that area is currently the hard stop handle for the H1 sell zone. As the bis becomes to look for buy signal inside the D1 buy zone


H1:bearish to neutral: 1599.43 - 1596.66
H4: bearish and zone: 1605.86 - 1616.18
D1: bullish and zone: 1591.02 - 1606.82


Intraday levels
Upside
1527.48
1619.30
1613.92
1608.86
1605.64
1598.32

Downside
1593.67
1591.03
1586.34
1578.41
1570.03
1556.46
1534.50


Green Pips
4&1 All Time Profit: $37,496
  • #3,769
  • Mar 3, 2020 1:59am Mar 3, 2020 1:59am
Quoting b_hand
{image}
Nice!!! Your current D target at that 161 fib level coincides with the H4 hard stops handle. Let’s see how it plays out. Hoping for me volatility today.....
4&1 All Time Profit: $37,496
  • #3,770
  • Mar 3, 2020 3:05am Mar 3, 2020 3:05am
Update:
current H1 chart showing bullish H1 close.
primary objective becomes to get H1 closes above the 1598 price handle now.

Buy limit at 1593.67
Sl previous structural swing low.
TP open.


*bit of an inverse HnS pattern formed on the M15 chart
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4&1 All Time Profit: $37,496
  • #3,771
  • Mar 3, 2020 5:20am Mar 3, 2020 5:20am
Update: buy order adjusted to 1600 handle. H1 managed to close above the H1 sell zone hard stop handle at that 1598 price handle......



target becomes the 1610 followed by 1616 price handle.


Green Pips
4&1 All Time Profit: $37,496
  • #3,772
  • Mar 3, 2020 7:01am Mar 3, 2020 7:01am
Update: Next hurdle in the way of the bulls becomes the next upside intraday level to the topside at 1605.64 following the breakout higher and H1 close above former upside level now turned downside level 1598.32....

remain patient with the D1 bulls before they kick in. The H1 sell zone needs to flip bullish and we can expect some pullback to load more Longs as price has just tagged the lower band of the H4 sell Zone at 1605.39 handle....


Green Pips
4&1 All Time Profit: $37,496
  • #3,773
  • Mar 3, 2020 9:23am Mar 3, 2020 9:23am
Oh GOD my tp only 1610
  • #3,774
  • Mar 3, 2020 9:45am Mar 3, 2020 9:45am
Quoting b_hand
Oh GOD my tp only 1610
Lol you got the 161 target mate.....I just wanted their H4 sell zone to get into the picture my pending short from yesterday wasn’t removed(School boy error)


but the analysis and outlook was on point. Let’s see if we get a revisit. Once the daily bulls kick in they get going.....


Grab a beer and watch the movie now....
4&1 All Time Profit: $37,496
  • #3,775
  • Mar 3, 2020 9:48am Mar 3, 2020 9:48am
All my TP hit, now what. Do't think opening longs at this price will be safe. Maybe wrong, but rather safe than sorry.
  • #3,776
  • Mar 3, 2020 9:54am Mar 3, 2020 9:54am
Quoting LouiseZA
All my TP hit, now what. Do't think opening longs at this price will be safe. Maybe wrong, but rather safe than sorry.
Not yet hence we wait for pullback.
let’s let it close and then watch what it looks like after Daily open and then again around London Open. Then we go on the offensive!!!
4&1 All Time Profit: $37,496
  • #3,777
  • Mar 3, 2020 9:55am Mar 3, 2020 9:55am
Quoting MzansiObi
{quote} Not yet hence we wait for pullback. let’s let it close and then watch what it looks like after Daily open and then again around London Open. Then we go on the offensive!!!
Agree
  • #3,778
  • Mar 3, 2020 10:45am Mar 3, 2020 10:45am
Quoting b_hand
Oh GOD my tp only 1610
Mine was 1611...
  • #3,779
  • Mar 3, 2020 11:03am Mar 3, 2020 11:03am
Quoting MzansiObi
{quote} Not yet hence we wait for pullback. let’s let it close and then watch what it looks like after Daily open and then again around London Open. Then we go on the offensive!!!
That's the patience, traders really need to learn
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,780
  • Mar 3, 2020 6:45pm Mar 3, 2020 6:45pm
Quoting Rudrax
{quote} Mine was 1611...
From 1585 twice not bad
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