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4 + 1 (Metals) strategy

  • #3,921
  • Mar 23, 2020 3:08pm Mar 23, 2020 3:08pm
Update: Short 1549.32
SL 1569
TP OPen


Lets see....
4&1 All Time Profit: $37,496
  • #3,922
  • Mar 24, 2020 12:42am Mar 24, 2020 12:42am
24 March 2020

Bullish start to the week, price pushed into the D1 sell zone and now, the battle becomes to see if the D1 sell zone pushes us back inside the now bullish H1 and H4 zones. What will be looking at, whether the lower time frame hard stop areas will hold as support and anlso what price will do once its gets near the D1 hard stop....

Price is back above the D1 200, H1 200, M15 200 and the H1 and H4 are both bullish so simply speaking, we look to buy the dip and see what PA does when it gets near some of our intra day upside levels

A good sign for the bulls is the supportive price action that price has formed from a key level on the weekly chart, followed by daily closes above the D1 200....


H1: Bullish and Zone: 1555.89 - 1537.62[1526.91]
H4: Bullish and Zone: 1524.35 - 1521.02[1511.98]
D1: Bearish and Zone: 1573.78 - 1558.77[1585.26]


Intra Day Levels
Upside
1629.04
1610.98
1580.97
1575.88
1562.43

Downside
1531.07
1521.77
1512.47
1507.15
1502.42
1483.88


Green Pips
4&1 All Time Profit: $37,496
  • #3,923
  • Mar 24, 2020 12:52am Mar 24, 2020 12:52am
Associated H1 chart

Looking for the Dip into the H1 buy Zone to look to load long

Point (i) showing the H1 hard stop level.....
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1_LI.jpg Size: 764 KB
4&1 All Time Profit: $37,496
  • #3,924
  • Mar 24, 2020 4:56am Mar 24, 2020 4:56am
Price is back at a critical zone 1600 area. Will we get more downwards pressure or will the bulls continue this rally? Let's see how it plays out
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD 4H 24.03.2020.png Size: 104 KB
  • #3,925
  • Mar 24, 2020 12:32pm Mar 24, 2020 12:32pm
Quoting MzansiObi
24 March 2020 Bullish start to the week, price pushed into the D1 sell zone and now, the battle becomes to see if the D1 sell zone pushes us back inside the now bullish H1 and H4 zones. What will be looking at, whether the lower time frame hard stop areas will hold as support and anlso what price will do once its gets near the D1 hard stop.... Price is back above the D1 200, H1 200, M15 200 and the H1 and H4 are both bullish so simply speaking, we look to buy the dip and see what PA does when it gets near some of our intra day upside levels A good...
Update:

Just one more level to the upside to be reached.....
Price break the D1 hard stop handle and lcosing above the 1600 handle puts the bulls back into the game
As mentioned previously, the supportive price action from the weekly chart coupled with the bullish daily closes has changed the picture,
Price has drifted a fair bit away from the H1 zone and as such will wait before looking to add longs...


Green Pips
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDWeekly_LI.jpg Size: 882 KB
4&1 All Time Profit: $37,496
  • #3,926
  • Mar 25, 2020 1:09am Mar 25, 2020 1:09am
25 March 2020


Alright, Price clearly Bullish and Rally looks set to continue, as mentioned, supportive weekly chart and some candles beginning to close above some key levels( Daily open, weekly open, and our 200 MAs) changes the outlook to bullish.
We need to be cautious as there are some fundamental aspects at play now, and i know some brokers spreads have been insane, as such we look to mitigate that risk by 1. Stay ing out and waiting on the sidelines, smaller accounts wont be able to handle the spread increases
2. reduce lot sizes.



On the Daily chart, the close above the 1585.91 handle( former D1 sell stop) means that we can use that area as support now forany buy dip scenarios.


H1: Bullish and Zone: 1612.46 - 1596.65
H4: Bullish and Zone: 1578.46 - 1552.78
D1: Neutral.


Intra Day Levels
Upside
1684.21
1668.98
1653.83
1635.06

Downside
1604.68
1602.13
1592.71
1583.29
1576.05


Green Pips
4&1 All Time Profit: $37,496
  • #3,927
  • Mar 25, 2020 7:11pm Mar 25, 2020 7:11pm
Still keep long side.
Attached Image (click to enlarge)
Click to Enlarge Name: AC5EA1F9-8F1B-48E7-94C7-178CCA53614B.jpeg Size: 1.6 MB
  • #3,928
  • Mar 26, 2020 2:17am Mar 26, 2020 2:17am
Price is retesting 1595 support level. Will it break and retest below or continue rallying? We'll be looking to buy above 1526 and sell only after break and retest below 1595. With the spread so large consider sitting on the sidelines.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD 4H 26.03.2020.png Size: 100 KB
  • #3,929
  • Mar 30, 2020 12:36am Mar 30, 2020 12:36am
30 March 2020

Bullish Weekly Candle bouncing off of support from the Weekly chart, the bullish close above the 1554 handle followed by Bullish close above the 1600 handle is a good sign for bulls.
The H1 Zones and And H4 Zones are back above the H1 200 MA and H4 200 MA respectively while the Daily zone is neutral looking to turn bullish.
Given the Geopolitical situation, we can expect some volatile swings and a wider trading range, and as suc, it becomes important to look to manage risk accordingly...

H1: Neutral to Bullish:
H4: Bullish and Zone:1617.03 - 1597.61 [1582.66]
Neutral to Bullish:


Intra Day levels
Upside
1682.94
1644.93
1636.74
1631.68
1627.06
1621.99
Downside
1618.14
1615.30
1610.24
1602.05
1583.65
1559.54

Green Pips


Point A. Shows the H4 Buy Zone with an incline slope showing sentiment
Point B. SHows the hard stop area on the H4

X. well, thats a liquidity issue with my broker......
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDWeekly_LI.jpg Size: 719 KB
Click to Enlarge Name: XAUUSDH4_LI.jpg Size: 732 KB
4&1 All Time Profit: $37,496
  • #3,930
  • Mar 30, 2020 1:28am Mar 30, 2020 1:28am
very high liquidity issue with all brokers spread more than 20 pips
  • #3,931
  • Mar 30, 2020 1:37am Mar 30, 2020 1:37am
Quoting tradealltime
very high liquidity issue with all brokers spread more than 20 pips
Ridiculously high i tell you, however whats funny is, my other brokers havent had this issue. so now im in talks with these guys to reimburse me as some buy setups got stopped out....
4&1 All Time Profit: $37,496
  • #3,932
  • Mar 30, 2020 1:43am Mar 30, 2020 1:43am
Quoting MzansiObi
30 March 2020 Bullish Weekly Candle bouncing off of support from the Weekly chart, the bullish close above the 1554 handle followed by Bullish close above the 1600 handle is a good sign for bulls. The H1 Zones and And H4 Zones are back above the H1 200 MA and H4 200 MA respectively while the Daily zone is neutral looking to turn bullish. Given the Geopolitical situation, we can expect some volatile swings and a wider trading range, and as suc, it becomes important to look to manage risk accordingly... H1: Neutral to Bullish: H4: Bullish and Zone:1617.03...
Weekly Levels to mark/ note down...


Weekly Buy Zone: Bullish and Zone: 1568.25 - 1529.14 [1515.34]

Upside
1744.08
1688.43
1670.23
1644.34
1633.98
Downside

1582.26
1575.47
1563.18
1544.11
1482.96

Green Pips
4&1 All Time Profit: $37,496
  • #3,933
  • Mar 31, 2020 12:09am Mar 31, 2020 12:09am
Tuesday 31 March 2020


Price still confined inside the range between Fridays Highs and Lows, not much change in the past 24 hours in terms of the sentiment, the H1 Sell Zone seems to be trying to slope downwards but unless current support breaks at the 1610 handle, price action remains bullish.
As things stand, H4 nothing much changed, so to on the D1 chart, lets see if the LO will bring about more volatility....



H1: Bearish and Sell Zone:1616.48 - 1618.13[1619.31]
H4: Bullish and Buy Zone:1615.09 - 1604.50[1597.21]
D1: Neutral With a bullish Bias


Intra Day Levels
Upside
1676.56
1644.27
1635.67
1630.35
1624.35
1621.69

Downside
1617.08
1619.03
1613.14
1607.82
1599.21
1590.90
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1_LI.jpg Size: 174 KB
4&1 All Time Profit: $37,496
  • #3,934
  • Mar 31, 2020 3:41am Mar 31, 2020 3:41am
Gold consolidating at the moment could be a sign of a breakout to the upside on the near term but here are a few pointers that we cannot ignore on the short term bearish bias.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD 4H 31.03.2020.png Size: 106 KB
  • #3,935
  • Mar 31, 2020 3:58am Mar 31, 2020 3:58am
Quoting Bkay23
Gold consolidating at the moment could be a sign of a breakout to the upside on the near term but here are a few pointers that we cannot ignore on the short term bearish bias. {image}
These long tailed wicks become a great tell tale sign of sentiment, in line with your outlook and most current H1 zone, am thinking we still revisit lower 1600 Handle and get a bid near the daily zone....
4&1 All Time Profit: $37,496
  • #3,936
  • Mar 31, 2020 5:18am Mar 31, 2020 5:18am
update: Bearish LO candle, Bearish H1 sell Zone. As such next hurdle lies in what price action does around current levels, will we be able to stay above the H4 Hard stop handle or close below it to invalidate the H4 buy ZOne....

Green Pips
4&1 All Time Profit: $37,496
  • #3,937
  • Apr 1, 2020 3:32am Apr 1, 2020 3:32am
01 April 2020


The H1 bearish slope has continued to point lower and as such push price lower too, also got a H4 bearish close below the hard stop handle on the H4, as things stand price back above some key levels, ie, the daily open and the H1 200 handle BUT has traded into the H1 sell zone.
Lets wait to see how the current H1 candle closes to see what the London open sentiment does. Price is currently accumulating at current levels and not giving too much away in terms of where its headed on an intra day basis...our long term time frames are signalling at that with both the H4 and D1 being neutral,


H1: Bearish and Zone: 1594.94 - 1589.42 [1600.97]


Intra day levels of interest

Upside
1640.43
1628.50
1621.68
1610.10
1604.66
1600.90

Downside
1593.07
1590.44
1572.59
1561.01
1542.25
1539.39

Have attached H1, H4 and D1 chart, only clear zone is the H1, the rest are filled with some element of uncertainty
Green pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDDaily_LI.jpg Size: 877 KB
Click to Enlarge Name: XAUUSDH1_LI.jpg Size: 859 KB
Click to Enlarge Name: XAUUSDH4_LI.jpg Size: 846 KB
4&1 All Time Profit: $37,496
  • #3,938
  • Apr 1, 2020 4:11am Apr 1, 2020 4:11am
Update: Not much clarity from the London open hour, as such the key lies between 1591.3 and 1599.47... so long as we remain below the Hard H1 stop handle on an hourly closing basis then the H1 sell zone remains valid....



Green Pips
4&1 All Time Profit: $37,496
  • #3,939
  • Apr 2, 2020 1:45am Apr 2, 2020 1:45am
02 March 2020



Current Price action remains bearish nhave had a retest of the H1 sell zone hard stop handle on three occassions and price has continued to stay below it.
H1 remains bearish and the H4 has also flipped bearish now, the only time frame that remains neutral is the D1 now....


We continue looking to follow price and managing risk accordingly....

H1: Bearish and Sell Zone:1589.50 - 1587.77 [1589.40]
H4: Bearish and Sell Zone:1592.88 - 1595.28 [1602.23]

Upside
1635.30
1618.17
1606.26
1598.58
1592.50
1587.96
Downside
1584.12
1580.27
1573.71
1566.03
1553.60
1543.02


Green Pips
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1_LI.jpg Size: 811 KB
4&1 All Time Profit: $37,496
  • #3,940
  • Apr 2, 2020 1:54am Apr 2, 2020 1:54am
Update:

short order 1593.48
SL 1600

TP OPen
4&1 All Time Profit: $37,496
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