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4 + 1 (Metals) strategy

  • #3,881
  • Mar 18, 2020 7:13am Mar 18, 2020 7:13am
Quoting b_hand
The bulls is back!!!
There was one more rejection level/target to the downside, H1 zone currently a mess in a sideways pattern currently crossing bullish and bearish but the H4 bears from this morning did get decent return from that push lower Les see if it can climb back above the m15 200 handle and stay above it.....

That daily close above the D1 200 puts bulls in the picture but the timing of our entries is NB if looking long......
4&1 All Time Profit: $37,496
  • #3,882
  • Mar 18, 2020 7:27am Mar 18, 2020 7:27am
M15 200 rejecting the bull run.
Adding 1486,75 as another downside level for today....
Price currently makin an inverse HnS on m15 if we get above the m15 200 and the 1486,7 handle holds as support we expose 1549 as an upside target.....


Patience and timing crucial now, both sellers and buyers market at the moment and this rangebound trading is clearly visible on the H1 zone that keeps flipping.....
4&1 All Time Profit: $37,496
  • #3,883
  • Mar 18, 2020 9:37am Mar 18, 2020 9:37am
Quoting MzansiObi
M15 200 rejecting the bull run. Adding 1486,75 as another downside level for today.... Price currently makin an inverse HnS on m15 if we get above the m15 200 and the 1486,7 handle holds as support we expose 1549 as an upside target..... Patience and timing crucial now, both sellers and buyers market at the moment and this rangebound trading is clearly visible on the H1 zone that keeps flipping.....
M15 is also forming HnS same time.
I am looking current h4 if it closes bearish then m15 HnS may play out to take price to test 1464/1450 again else inverse HnS on m15 may play out to take price to 1535/1547
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,884
  • Mar 18, 2020 10:47am Mar 18, 2020 10:47am
Quoting farukh
{quote} M15 is also forming HnS same time. I am looking current h4 if it closes bearish then m15 HnS may play out to take price to test 1464/1450 again else inverse HnS on m15 may play out to take price to 1535/1547
Well spotted mate, and price is respecting that rejection remember we are already bearish as we have remained below the m15 200 handle so those lows may just get into the equation.
4&1 All Time Profit: $37,496
  • #3,885
  • Mar 18, 2020 11:27am Mar 18, 2020 11:27am
Quoting MzansiObi
M15 200 rejecting the bull run. Adding 1486,75 as another downside level for today.... Price currently makin an inverse HnS on m15 if we get above the m15 200 and the 1486,7 handle holds as support we expose 1549 as an upside target..... Patience and timing crucial now, both sellers and buyers market at the moment and this rangebound trading is clearly visible on the H1 zone that keeps flipping.....
The newly added on downside level has been tagged looking to see of there will be a bullish m15 candles around current levels.....
4&1 All Time Profit: $37,496
  • #3,886
  • Mar 18, 2020 11:38am Mar 18, 2020 11:38am
Quoting MzansiObi
M15 200 rejecting the bull run. Adding 1486,75 as another downside level for today.... Price currently makin an inverse HnS on m15 if we get above the m15 200 and the 1486,7 handle holds as support we expose 1549 as an upside target..... Patience and timing crucial now, both sellers and buyers market at the moment and this rangebound trading is clearly visible on the H1 zone that keeps flipping.....
Hi, sorry, still learning n its been a while since i've get into this. can't seem to spot this inverse HnS on m15. Do u have a pic?
  • #3,887
  • Mar 18, 2020 11:50am Mar 18, 2020 11:50am
Quoting Resilence
{quote} Hi, sorry, still learning n its been a while since i've get into this. can't seem to spot this inverse HnS on m15. Do u have a pic?
No worries bud here is that pattern was referring too, and as mentioned price failed to get above our m15 handle at point A, as such current price action has got prices retesting the lows again we did revise one if the downside levels and we can see how it's holding up so far, couple of hours to go before market close so let's see where the daily ends up
4&1 All Time Profit: $37,496
  • #3,888
  • Mar 18, 2020 11:54am Mar 18, 2020 11:54am
Quoting MzansiObi
{quote} No worries bud here is that pattern was referring too, and as mentioned price failed to get above our m15 handle at point A, as such current price action has got prices retesting the lows again we did revise one if the downside levels and we can see how it's holding up so far, couple of hours to go before market close so let's see where the daily ends up
attached image
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200318_184806.png Size: 129 KB
4&1 All Time Profit: $37,496
  • #3,889
  • Mar 18, 2020 2:05pm Mar 18, 2020 2:05pm
1497 next challenge for current bullish attampt, above 1500 daily close becomes another check for bullish continuation ....let's see
4&1 All Time Profit: $37,496
  • #3,890
  • Mar 19, 2020 12:54am Mar 19, 2020 12:54am
19 March 2020


The last post for the day highlighted gr importance of 1497 and how we needed to see price stay above it for bullish bounce, it rejected price and we gotour first daily close below the D1 200/MA handle, also the h1 has flippd bearish and we have begun challenging those lows Farukh mentioned.....adding onto this sentiment, price action on the H1 has completed the right shoulder for the Head and shoulder pattern, some of the lower time frame patterns were invalidate yesterday however with a confluence of factors supporting further bearish Price action the outlook becomes to sell the rallies with stops just above the right shoulder, unconventional yes, however looking at the range price is covering and the heigt of the head sitting at 1550, in order to manage risk will be looking to keep a tighter stop on the sell setups,

The D1 chart has also flipped bearish now as such we negate the bullish outlook and look to follow price action....


H1: Bearish and zone:1485,87 - 1495.27.
H4: Bearish and zone:1503.84 - 1530.78.
D1: Bearish and zone:1566.43 - 1582.28.

Intra day levels
Upside
1529.97
1518.63
1503.18
1500.56
1490.43
1484,32

Downside
1473,86
1465.60
1459.10
1456.70
1428,71
1389,85


Green pips
4&1 All Time Profit: $37,496
  • #3,891
  • Mar 19, 2020 12:57am Mar 19, 2020 12:57am
Associated chart of current H1 chart.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200319_062213.png Size: 133 KB
4&1 All Time Profit: $37,496
  • #3,892
  • Mar 19, 2020 2:12am Mar 19, 2020 2:12am
Quoting farukh
{quote} M15 is also forming HnS same time. I am looking current h4 if it closes bearish then m15 HnS may play out to take price to test 1464/1450 again else inverse HnS on m15 may play out to take price to 1535/1547
If neckline of HnS on h1 as mentioned by Obi, sitting @1450 if broken then next target would be 1417 D1 sma400
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,893
  • Mar 19, 2020 5:56am Mar 19, 2020 5:56am
Quoting farukh
{quote} If neckline of HnS on h1 as mentioned by Obi, sitting @1450 if broken then next target would be 1417 D1 sma400
Magic!!!!!
Let's see if it will play out, this range bound trading is forming multiple inside patterns the H1/has another inverse on the cards....looks like we may have to play it safe and wait for a breakout....
4&1 All Time Profit: $37,496
  • #3,894
  • Mar 19, 2020 9:28am Mar 19, 2020 9:28am
Update ending short at 1496.
SL at 1508.
TP open let's see if we get that dip lower again.....
4&1 All Time Profit: $37,496
  • #3,895
  • Mar 19, 2020 1:42pm Mar 19, 2020 1:42pm
Quoting MzansiObi
Update ending short at 1496. SL at 1508. TP open let's see if we get that dip lower again.....
TP still open? at what price are u looking at the market to dip until?

Is there any signals that we are monitoring right now?
  • #3,896
  • Mar 19, 2020 1:58pm Mar 19, 2020 1:58pm
We are getting bullish divergence and got rejection thrice from 1465 area.
Let's see where day ends..
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,897
  • Mar 19, 2020 4:38pm Mar 19, 2020 4:38pm
Quoting farukh
We are getting bullish divergence and got rejection thrice from 1465 area. Let's see where day ends..
All things considered, seeming more likely we may dip and break lower now, HnS structure has held up and daily close below the 200 MA again plus the H1had mainated it's zone throughout the day..... Wich time frame are you referring to when looking at the bullish divergence?
4&1 All Time Profit: $37,496
  • #3,898
  • Mar 19, 2020 4:40pm Mar 19, 2020 4:40pm
Quoting Resilence
{quote} TP still open? at what price are u looking at the market to dip until? Is there any signals that we are monitoring right now?
Trying hard to identify reversal points due to the erratic behaviour of markets off late, so the best thing becomes to use our intra day levels as gradual targets when we in positions, the H1 was a sell zone all day as such targets to the downside would be today's intra day levels to he downside
4&1 All Time Profit: $37,496
  • #3,899
  • Mar 19, 2020 5:12pm Mar 19, 2020 5:12pm
Will begin posting the new session(days) levesl shortly after the daily close in an effort to try and work on getting a clear outlook for the session closed and also where market sentiment is to better time our entries....


As such here goes

20 March 2020

Price remained constructed inside a tight range below that psychological 1500 handle, all zones are bearish and retests of the H1 sell zone has continued to reject prices, we are currently trading inside a HnS pattern were price is still inside the right shoulder and hasn't yet broken that neckline support as such outlook toll the zones get broken remains to sell the zone and begin taking partial profits and or locking in some profit by trailing....
Current H1sell zone is trading inside a downward channel and the slope of the zone is also steep inough to look for rallies as selling opportunities....


H1: Bearish and zone: 1475.69 - 1482.24 [1486.60]
H4: Bearish and zone: 1491.52 - 1517.09[1534.74]
D1: Bearish and zone: 1567.87 - 1581.20[1590.21]

Intra Day levels of interest
Upside
1534.71
1515.41
1501.50
1490.83
1486.35
1482.11
Downside
1465.07
1461
1456.47
1442.55
1429,16




Green pips,
4&1 All Time Profit: $37,496
  • #3,900
  • Mar 19, 2020 7:11pm Mar 19, 2020 7:11pm
Ascending Channel.
Attached Image (click to enlarge)
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