4 + 1 (Metals) strategy | Page 194 | 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

  • #3,861
  • Mar 16, 2020 2:53pm Mar 16, 2020 2:53pm
Quoting farukh
{quote} Correctly said. I also found confluence having fib61.8 level @1445-50 in long uptrend from 1266. Further 1445-50 is key support and buying area of uptrend since Nov19. This is also daily sma300. You may call it hard stop for long term buyers.
Couple of hours before daily close.....lets keep an eye on D1 200 handle......Wash rinse and repeat till it fails, for now we keep recycling the H1 sell zone: currently sitting at 1506.19 - 1525.11 Green Pips
4&1 All Time Profit: $37,496
  • #3,862
  • Mar 16, 2020 10:01pm Mar 16, 2020 10:01pm
Daily close above the D1 200 handle is a good sign for bulls however the H1 remains bearish as such next line in the sand for the bulls becomes a bullish crossover for the h1 zone.... But as things stand price has just been rejected off of the H1 sell zones upper band at 1519,18 as such we continue to sell the H1....... Hard stops for H1 sell setups sits at 1522,79....
4&1 All Time Profit: $37,496
  • #3,863
  • Mar 17, 2020 2:19am Mar 17, 2020 2:19am
17 March 2020

The continued daily close below former D1 buy zones hard stop handle, currently at 1597.82 has exposed the D1/buy zone and flipped it neutral to bearish,as such price currently below some key levels as such bullish outlook takes a back seat for a while, we are below m15 200, H1 200, H4 200 and all our zones are pointing lower however the daily close above the D1 200 is a great sighn at current levels as slightly belwo that handle lies a key level on the weekly chart, A weekly close above the 1447,12 handle would signal interim support and as mentioned the longer time frames tend to take longer to materialize ....

Most NB timeframe is our H1 and H4 we look to trade intra day as such it's in bearish mode and we will continue looking for sell setups,

H1: bearish and zone: 1500,12 - 1512,62[1515,48]
H4: bearish and zone: 1527,97 - 1570,19[1585,54]

PS: because of the range price has been making of late, the zones have widened and created a deeper steep sell zone, as such the position size becomes key to risk management.

Intra day levels
Upside
1590,48
1561.15
1525,84
1513,67
1498,77
Downside
1466,20
1447,12
1436,87
1408,92
1396,22



Green Pips
4&1 All Time Profit: $37,496
  • #3,864
  • Mar 17, 2020 2:53am Mar 17, 2020 2:53am
Current H1/sell order running
Point A marks out the hard stop handle ....
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200317_094908.png Size: 141 KB
4&1 All Time Profit: $37,496
  • #3,865
  • Mar 17, 2020 6:56am Mar 17, 2020 6:56am
Update trailing stops adjusted to 1495 the RSi and stochastic are showing signs of a bullish push before further continuation howverve if the m15 candles remain below 1484,39 will look to add another short there around.......
4&1 All Time Profit: $37,496
  • #3,866
  • Mar 17, 2020 7:01am Mar 17, 2020 7:01am
Quoting MzansiObi
Update trailing stops adjusted to 1495 the RSi and stochastic are showing signs of a bullish push before further continuation howverve if the m15 candles remain below 1484,39 will look to add another short there around.......
Associated chart, RSI and Stochastic beginning to point up and we just got a couple of bullish m15 candles at interim support as such looking to see if price will be capped around the 1485ish handle
4&1 All Time Profit: $37,496
  • #3,867
  • Mar 17, 2020 7:22am Mar 17, 2020 7:22am
Quoting MzansiObi
{quote} Associated chart, RSI and Stochastic beginning to point up and we just got a couple of bullish m15 candles at interim support as such looking to see if price will be capped around the 1485ish handle
Forgot to attach the chart.....
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200317_140026.png Size: 295 KB
4&1 All Time Profit: $37,496
  • #3,868
  • Mar 17, 2020 8:10am Mar 17, 2020 8:10am
Obi,
The 30m looks like inverted H&S to me, what do you think?
  • #3,869
  • Mar 17, 2020 8:21am Mar 17, 2020 8:21am
Quoting LouiseZA
Obi, The 30m looks like inverted H&S to me, what do you think?
Seems a little tight in my opinion think it's still got some room to go before it can form if anything what would be the right shoulder and the head are in place but I think the right shoulder would need to see price go create a cup and handle formation around the 1503.04 handle then dip back towards the 1490 then continue upward......


Just my thought
4&1 All Time Profit: $37,496
  • #3,870
  • Mar 17, 2020 8:23am Mar 17, 2020 8:23am
Quoting MzansiObi
{quote} Seems a little tight in my opinion think it's still got some room to go before it can form if anything what would be the right shoulder and the head are in place but I think the right shoulder would need to see price go create a cup and handle formation around the 1503.04 handle then dip back towards the 1490 then continue upward...... Just my thought
Something along these lines
4&1 All Time Profit: $37,496
  • #3,871
  • Mar 17, 2020 8:26am Mar 17, 2020 8:26am
If it moves down to 1480sh and then up to 1503.
Nope, looks if it's on the way to 1503.
  • #3,872
  • Mar 17, 2020 8:42am Mar 17, 2020 8:42am
Quoting LouiseZA
If it moves down to 1480sh and then up to 1503. Nope, looks if it's on the way to 1503.
Lol do you see what it's done? There you have it the move up to 1503,4 now if it gets back to the low 1480s it would complete the inverese HnS patterns right hand shoulder..... At those low 1480's opening it up to possible push toward the 1527/8 handle

PS price didn't spend enough time at the that 1503 handle ideally would need to see an accumulation of candles there before dropping down to complete that right shoulder
4&1 All Time Profit: $37,496
  • #3,873
  • Mar 17, 2020 8:44am Mar 17, 2020 8:44am
Jip, agree. To fast.
  • #3,874
  • Mar 17, 2020 8:50am Mar 17, 2020 8:50am
Quoting MzansiObi
{quote} Lol do you see what it's done? There you have it the move up to 1503,4 now if it gets back to the low 1480s it would complete the inverese HnS patterns right hand shoulder..... At those low 1480's opening it up to possible push toward the 1527/8 handle PS price didn't spend enough time at the that 1503 handle ideally would need to see an accumulation of candles there before dropping down to complete that right shoulder
And just for interest where does our 1503 handle sit? Inside the h1 sell zone right near the upper band of the h1 sell zone no now two areas of interest are 1504 and the head of the possible inverse HnS pattern at 1465..... Marking those two levels as possible range
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200317_154703.png Size: 144 KB
4&1 All Time Profit: $37,496
  • #3,875
  • Mar 17, 2020 9:20am Mar 17, 2020 9:20am
Quoting MzansiObi
{quote} Lol do you see what it's done? There you have it the move up to 1503,4 now if it gets back to the low 1480s it would complete the inverese HnS patterns right hand shoulder..... At those low 1480's opening it up to possible push toward the 1527/8 handle PS price didn't spend enough time at the that 1503 handle ideally would need to see an accumulation of candles there before dropping down to complete that right shoulder
Great. We back at this handle as such we look for some consolidation around this current level and look to see if price can't accumulate a couple of m15 candles around here before dropping lower
4&1 All Time Profit: $37,496
  • #3,876
  • Mar 17, 2020 10:33am Mar 17, 2020 10:33am
Quoting LouiseZA
Jip, agree. To fast.
LouiseZA that drop lower before rallyying didn't go according to plan but the inverse pattern is a bullish pattern and its broken out to the top side well-done,


There is two more upside levels for today that remain let's see how this plays out
4&1 All Time Profit: $37,496
  • #3,877
  • Mar 18, 2020 12:41am Mar 18, 2020 12:41am
Food for thought.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD 5min 18.03.2020.png Size: 94 KB
  • #3,878
  • Mar 18, 2020 1:21am Mar 18, 2020 1:21am
18 March 2020


Price structure has begun putting in some bullish sentiment and has begun making gains in terms of closing back above some key levels....as mentioned previously, we needed to see some positive gains back above some daily opens, above the h1 sell zones hard stop handle and also above some 200 MA handles, price has managed to do just that, We are back above the m15 200, back above the H1 hard stop handle and above the D1 200, we have also had a bullish D1 close around key support level on the weekly chart, we have been pointing out how NB the 1445 handle is..... Outlook for today becomes to buy dips from the H1 and see what price does when it gets near the H4 sell zone hard stop handle at around 1582.54. Price currently got rejection from inside the H4 sell zone....

H1: Bullish and Zone:1525.26 - 1517.86
H4: Bearish and Zone: 1525.31 - 1553.71


Intra day Levels of interest
Upside
1579.05
1570.65
1563.88
1549.80
1523.53
1516.05

Downside
1509.99
1499.11
1482.30
1477.99
1461.45


Green Pips....
4&1 All Time Profit: $37,496
  • #3,879
  • Mar 18, 2020 1:39am Mar 18, 2020 1:39am
Quoting Bkay23
Food for thought. {image}
Maybe, let's see, the H1 pattern also forming new inverse HnS pattern.Widened range makes it NB to time our entries......
4&1 All Time Profit: $37,496
  • #3,880
  • Mar 18, 2020 5:25am Mar 18, 2020 5:25am
The bulls is back!!!
4 traders viewing now