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4 + 1 (Metals) strategy

  • #3,901
  • Mar 19, 2020 10:44pm Mar 19, 2020 10:44pm
Quoting MzansiObi
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...
Secind upside level at 1486 providing some resistance, now if H1 cabdjez continue closing below it then we heading back down and challenging current structural lows.... ..
4&1 All Time Profit: $37,496
  • #3,902
  • Mar 20, 2020 1:35am Mar 20, 2020 1:35am
Quoting MzansiObi
{quote} 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?
I found it on m15 and h1. It has been playing out since opening today now let's see how h4 selling area plays.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,903
  • Mar 20, 2020 2:12am Mar 20, 2020 2:12am
Breakout of downward channel on H1. As such now we look to see what London does at close of next hour and possibly look to buy dips near that breakout handle and immediate target becomes that hard stop level for the H4/sell zone....... Green Pips
4&1 All Time Profit: $37,496
  • #3,904
  • Mar 20, 2020 4:58am Mar 20, 2020 4:58am
Cmon gold hit my tp 1521 MA 34 on H4.
  • #3,905
  • Mar 20, 2020 8:14am Mar 20, 2020 8:14am
Update: price is inside the H1 buy zone....

Let's see if we close bullish for the day then will begin buying on Monday......


1485,37 becomes H1 hard stop......



Green Pips
4&1 All Time Profit: $37,496
  • #3,906
  • Edited 11:41am Mar 20, 2020 11:27am | Edited 11:41am
Still short from 1500, SL at 1489
Think I'll leave it over the w end, will see later and maybe tighten my SL.
  • #3,907
  • Mar 20, 2020 12:10pm Mar 20, 2020 12:10pm
Quoting LouiseZA
Still short from 1500, SL at 1489 Think I'll leave it over the w end, will see later and maybe tighten my SL.
Nice one LouiseZA. But looking at things the H1 has flipped bullish and previous H1 failed to close below the hard stop handle....If it remains like this, then we have an interesting weekly open ahead, and last week of the month.......
4&1 All Time Profit: $37,496
  • #3,908
  • Mar 20, 2020 12:46pm Mar 20, 2020 12:46pm
Obi, closed just before up move
Let's see what Monday brings us!
  • #3,909
  • Mar 20, 2020 1:26pm Mar 20, 2020 1:26pm
Quoting MzansiObi
{quote}attached image {image}
Wow hint is there but when the breakout will happen..
Attached Image (click to enlarge)
Click to Enlarge Name: gg.JPG Size: 120 KB
  • #3,910
  • Mar 20, 2020 3:09pm Mar 20, 2020 3:09pm
Quoting MzansiObi
{quote} Nice one LouiseZA. But looking at things the H1 has flipped bullish and previous H1 failed to close below the hard stop handle....If it remains like this, then we have an interesting weekly open ahead, and last week of the month.......
H1 Hard stop handle held up for ge bulls. Just closedlast set of buy orders now. Calling it a week now. But am think here is an excellent opportunityto start accumulating long setuos.
Weekly chart suggest bottom is in place at the moment as such let's see what price does when it gets above the h4 hard stop and inside that newly formed D1/sell zone.....


It's been a tough couple of sessions but we still in it and we continue!!!!



Green Pips
4&1 All Time Profit: $37,496
  • #3,911
  • Mar 21, 2020 12:12am Mar 21, 2020 12:12am
Quoting miziler
{quote} Wow hint is there but when the breakout will happen.. {image}
Interesting......where is your invalidation point of your outlook?
4&1 All Time Profit: $37,496
  • #3,912
  • Mar 22, 2020 10:55am Mar 22, 2020 10:55am
Quoting MzansiObi
{quote} H1 Hard stop handle held up for ge bulls. Just closedlast set of buy orders now. Calling it a week now. But am think here is an excellent opportunityto start accumulating long setuos. Weekly chart suggest bottom is in place at the moment as such let's see what price does when it gets above the h4 hard stop and inside that newly formed D1/sell zone..... It's been a tough couple of sessions but we still in it and we continue!!!! Green Pips
Have a few questions.

1. an excellent opportunity to start accumulating long setups - are u looking at the price to go up in the long term?

2. what are the h4 hard stop and d1 sell zone?

what can i do to catchup what price area u are referrring to?
  • #3,913
  • Mar 22, 2020 3:24pm Mar 22, 2020 3:24pm
Quoting Resilence
{quote} Have a few questions. 1. an excellent opportunity to start accumulating long setups - are u looking at the price to go up in the long term? 2. what are the h4 hard stop and d1 sell zone? what can i do to catchup what price area u are referrring to?
Hi Bud on our most immediate term timeframes for intra day trading, we remain bearish as the zones are all in sell mode, from the D1 to the H1, the Bullish H1 close on friday more likely may have bveen profit taking, but we will see shortly when the market opens,

For the chart settings, check out page one of the thread, it will clarify and highlight the chart setting we are using to setup our charts
4&1 All Time Profit: $37,496
  • #3,914
  • Mar 22, 2020 3:46pm Mar 22, 2020 3:46pm
22 March 2020


As things stand, price remains confined inside a tight range between our H1 200 handle the Weekly hard stop area, Key area on the weekly chart sits around the 1445 handle and thus far price has failed to drop lower, infact the Hard stop for the Weekly zone is at current price levels and the failure for the weekly to close below it signals the supportive nature that we have found and can use as interim support as we look to see whether there will be a bullish continuation....Also worth mentioning is how the weekly zones hard stop handle coincides with the D1 200 handle, as such the current level 1496.69 becomes a critical level to pay attention to.


Our Zones are as follows

H1: Bullish and Zone: 1491.22 - 1488.89 [1486.26]
H4: Bearish and Zone: 1491.88 - 1510.61[1513.13]
D1: Bearish and Zone: 1558.87 - 1576.52[1588.40]



Intra Day Levels

Weekly
Upside
1632.79
1580.10
1565.81
1537.17
1509.22
Downside
1441.52
1413.19
1384.23
1332.33


Monday
Upside
1585.51
1550.74
1524.78
1512.50
Downside
1492.39
1490.61
1478.56
1473.60
1464.05


Green Pips
4&1 All Time Profit: $37,496
  • #3,915
  • Mar 22, 2020 5:43pm Mar 22, 2020 5:43pm
Update: long 1485.57
SL: 1475
TP open


Let's see....
4&1 All Time Profit: $37,496
  • #3,916
  • Mar 23, 2020 6:33am Mar 23, 2020 6:33am
Update: price still operating within this nothing range.....however the hourly chart still supports continued bullish continuation as price keeps closing above the hard H1/stop handle.....


Green Pips
4&1 All Time Profit: $37,496
  • #3,917
  • Mar 23, 2020 7:12am Mar 23, 2020 7:12am
Taking partial profits o the buy order.
Adjusting stops to entry.....let's see what it does
4&1 All Time Profit: $37,496
  • #3,918
  • Mar 23, 2020 7:15am Mar 23, 2020 7:15am
Quoting MzansiObi
Taking partial profits o the buy order. Adjusting stops to entry.....let's see what it does
Marking 1530.73 as resistance point, won't sell it will look to load long on the dip resulting from it....
4&1 All Time Profit: $37,496
  • #3,919
  • Mar 23, 2020 11:24am Mar 23, 2020 11:24am
Update:
Will revise and adjust traililng stop towards the 1535 handle, lets see how price behaves as it gets to the D1 sell zone thats dropped down lower and currently sitting at 1555.30 - 1572.14 Hard Stop for the D1 sellers currently sits at the 1582.85.
4&1 All Time Profit: $37,496
  • #3,920
  • Mar 23, 2020 12:32pm Mar 23, 2020 12:32pm
23 March 2020

Price is inside that key D1 sell zone at the moment
A look left, suggests that current price handle is a key handle, former resistance, turned support now being tested as resistance...Lets see what it does now....


Green Pips.
Attached Image (click to enlarge)
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4&1 All Time Profit: $37,496
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