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4 + 1 (Metals) strategy

  • #3,961
  • Apr 9, 2020 1:31am Apr 9, 2020 1:31am
09 April 2020


Price continues to consolidate around the 1648.15 handle as we had noted that the handle remains critical for market sentiment going forward, nothing much has changed as such we just focus on the intra day levels for today, its important to note that this reduced range means our intra day levels are tightened so we will revise them as price moves along

H1: Flat
H4: Bullish and Buy Zone: 1645.41 - 1636.79
D1: Bullish and Buy Zone: 1613.84 - 1606.61

Intra day Levels of Interest

Upside
1675.77
1663.27
1657.15
1653.37
1650.36

Downside
1648.15
1641.13
1637.35
1631.23
1624.52

Chart:
H4 Inverse HnS setup( Bullish sign)
Price retesting key resistance/ neckline at 1648 handle
(i) H4 bullish buy Zone

Green Pips
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH4_LI.jpg Size: 993 KB
4&1 All Time Profit: $37,496
  • #3,962
  • Apr 9, 2020 5:52am Apr 9, 2020 5:52am
update: H4 Buy Zone off of the 1648 handle has pushed price higher again and as a result,
H1 finally sloping upwards and the most immediate levels for the H1 buy zone become:

H1: Bullish and Buy Zone:1653.58 - 1651.29.

Green Pips
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1_LI.jpg Size: 918 KB
4&1 All Time Profit: $37,496
  • #3,963
  • Apr 9, 2020 6:41am Apr 9, 2020 6:41am
Quoting MzansiObi
update: H4 Buy Zone off of the 1648 handle has pushed price higher again and as a result, H1 finally sloping upwards and the most immediate levels for the H1 buy zone become: H1: Bullish and Buy Zone:1653.58 - 1651.29. Green Pips {image}
Missed this buy dip....we may need to be slightly patient as some bearish divergence on the smaller time frame beginning to creep in, doesnbt mean am looking to short, will merely use it to load long...


Green Pips
4&1 All Time Profit: $37,496
  • #3,964
  • Apr 9, 2020 8:02am Apr 9, 2020 8:02am
Quoting MzansiObi
09 April 2020 Price continues to consolidate around the 1648.15 handle as we had noted that the handle remains critical for market sentiment going forward, nothing much has changed as such we just focus on the intra day levels for today, its important to note that this reduced range means our intra day levels are tightened so we will revise them as price moves along H1: Flat H4: Bullish and Buy Zone: 1645.41 - 1636.79 D1: Bullish and Buy Zone: 1613.84 - 1606.61 Intra day Levels of Interest Upside 1675.77 1663.27 1657.15 1653.37 1650.36 Downside...
Price almost covered all objectives to the upside,. if the 1675.77 handle breaks will look to use it as support and look for 1689.89 as the next upside objective
4&1 All Time Profit: $37,496
  • #3,965
  • Apr 9, 2020 9:02am Apr 9, 2020 9:02am
The insane QE programme the FED announced and terrible job data from the US is driving this gold price ....
next stop $1,700

I've got a short loaded there and TP from my long (should have loaded up more at $1,648!

just wish my broker didn't have such poor liquidity - keeps flipping from .50 to 2$ spreads !!

Happy pips guys
  • #3,966
  • Apr 9, 2020 10:50am Apr 9, 2020 10:50am
hhhhmmmm

May have run out of steam and upcoming bank holiday could mean folk taking profits and a short squeeze - I have closed my long
  • #3,967
  • Apr 9, 2020 11:02am Apr 9, 2020 11:02am
Quoting woteverwillb
hhhhmmmm May have run out of steam and upcoming bank holiday could mean folk taking profits and a short squeeze - I have closed my long
Be that as it may, daily range has us topping out for now,m Daily close above the 1648 handle validates bullish continuation...
Wont look to hold over the weekend but will be looking to continue buying the dips....



Green Pips
4&1 All Time Profit: $37,496
  • #3,968
  • Apr 13, 2020 12:24am Apr 13, 2020 12:24am
13 April 2020

New week, new possibilities, price has gotten a bid from a level we were fixated on for the past two weeks or so, the 1648.15 resistance handle which has turned into support, as things stand, the flat H1 buy zone which had been showing a sideways trend at that handle has got an incline slope and indicating a continuation of the bullish sentiment, our next level of interest therefor becomes the psych level at 1700, there is a bit of bearish rsi and stochastic divergence beginning to creep in on the H1 and the H4 as such will be looking to use those dips as opportunities to go long, the key support for the next bullish leg up is marked at the 1648 handle now... the moment we get H1 and D1 closes below the 1648 handle, then it invalidates the short term bullish outlook....


H1: Bullish and buy zone: 1673.65 - 1665.30
H4: Bullish and buy zone: 1659.96 - 1646.30
D1: Bullish and buy zone: 1619.06 - 1605.78


Intra day Levels
Upside
1719.32
1707.33
1707.22
1690.03
Downside
1672.15
1666.55
1657.63
1653.82
1648.15

Pending Buy order 1672.15
SL 1648
TP Open


H1 Chart: Clear Depiction of the Bearish RSI and Stoch divergence
(i) Bullish H1 Buy Zone
Magenta Line our key support area..

Green Pips
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1_LI.jpg Size: 994 KB
4&1 All Time Profit: $37,496
  • #3,969
  • Apr 13, 2020 12:31am Apr 13, 2020 12:31am
Quoting MzansiObi
13 April 2020 New week, new possibilities, price has gotten a bid from a level we were fixated on for the past two weeks or so, the 1648.15 resistance handle which has turned into support, as things stand, the flat H1 buy zone which had been showing a sideways trend at that handle has got an incline slope and indicating a continuation of the bullish sentiment, our next level of interest therefor becomes the psych level at 1700, there is a bit of bearish rsi and stochastic divergence beginning to creep in on the H1 and the H4 as such will be looking...
Weekly Levels of Interest(13 April 2020 - 17 April 2020)

Upside
1742.03
1732.90
1710.91
1691.69
Downside
1659.14
1631.83
1629.45
1610.23
1579.11


Green Pips
4&1 All Time Profit: $37,496
  • #3,970
  • Apr 13, 2020 9:35am Apr 13, 2020 9:35am
Hi MzansiObi[COLOR=rgba(0, 0, 0, 0)], was thinking to create ea based on your original idea (page one) however, it looks like now you have changed your strategy little bit. when watching [/color]manually[COLOR=rgba(0, 0, 0, 0)] i figured out if we place order not right after ems crossing but wait for few pips after crossing in that way the chances of avoiding fake signals are much higher, what you suggest[/color]
  • #3,971
  • Apr 13, 2020 10:49am Apr 13, 2020 10:49am
Quoting MzansiObi
13 April 2020 New week, new possibilities, price has gotten a bid from a level we were fixated on for the past two weeks or so, the 1648.15 resistance handle which has turned into support, as things stand, the flat H1 buy zone which had been showing a sideways trend at that handle has got an incline slope and indicating a continuation of the bullish sentiment, our next level of interest therefor becomes the psych level at 1700, there is a bit of bearish rsi and stochastic divergence beginning to creep in on the H1 and the H4 as such will be looking...
just one more upside level for today left. buy dip didn’t manage to get filled but that upper band of the H1 buy zone has pushed us higher.
need to see if price can maintain a daily close above 1700 psych level
4&1 All Time Profit: $37,496
  • #3,972
  • Apr 13, 2020 10:51am Apr 13, 2020 10:51am
Quoting gharti
Hi MzansiObi, was thinking to create ea based on your original idea (page one) however, it looks like now you have changed your strategy little bit. when watching manually i figured out if we place order not right after ems crossing but wait for few pips after crossing in that way the chances of avoiding fake signals are much higher, what you suggest
That could work but remember we wait for the crossover and then the retest of the zone/area between the two Emas to go long.....
4&1 All Time Profit: $37,496
  • #3,973
  • Apr 13, 2020 6:36pm Apr 13, 2020 6:36pm
14 April 2020



Supportive price action from the H2 Buy Zone, price has rallied off of it and closed above psych level at 1700 handle. As such the bullish ourlook remains intact and valid, next line in the sand for bulls lies at the 1752.50 handle, every H1 and Daily close above the 1700 handle keeps bulls in control and allows the H1 and H4 buy zones to trail higher. On the weekly chart, a weekly close above the 1648 handle allows us to look for further bullish continuation around the 1800 handle. For now, the zones are as follows:

H1: Bullish and Zone: 1705.12 - 1695.51
H4: Bullish and Zone: 1684.02 1664.93
D1: Bullish and Zone: 1642.40 - 1617.30

IntraDay levels for Tuesday:


Upside
1753.65
1749.18
1734.23
1722.22
Downside
1703.17
1697.16
1683.38
1680.20

Pending Buy Order
1703.17
SL 1690
TP Open



Green Pips
4&1 All Time Profit: $37,496
  • #3,974
  • Apr 13, 2020 6:39pm Apr 13, 2020 6:39pm
Update:

(i) Two retests of the H1 Buy Zone before bullish push
(ii) Key support and consolidation at the 1648 price handle.

Green Pips
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1_LI.jpg Size: 988 KB
4&1 All Time Profit: $37,496
  • #3,975
  • Apr 14, 2020 1:09am Apr 14, 2020 1:09am
update: H1 Buy Zone has tracked much higher, currently at
1712.82 - 1703.51 {Hard Stop for H1 buy Dips at 1699.59}

Abullish H1 candle close at current levels will be a good entry signal aswell
As such any H1 close below that 1699.59 handle will result in closing the buy order


Green Pips,
4&1 All Time Profit: $37,496
  • #3,976
  • Apr 14, 2020 8:55am Apr 14, 2020 8:55am
Update; moving current H1 buy dip Stop loss to 1630.
two more upside objectives fir the day keep trailing and not a time to be thinking of shorting....
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1BuyDip.png Size: 46 KB
4&1 All Time Profit: $37,496
  • #3,977
  • Apr 15, 2020 1:32am Apr 15, 2020 1:32am
15 April 2020

All time frames considered, our bullish outlook and approach remains intact and has kept pushing prices higher, as things stand, all our upside objectives on our weekly analysis have been reached, had marked 1742.03 as the last upside level and as such the focus now shifts to the intra day levels for the rest of the week, previous upside targets on the weekly can and should be used as possible support handles for further bullish continuation, given the fact that the weekly objectives have topped out,am expecting a bit of a bearish pullback before we continue along the bullish trajectory, the H1 bearish divergence is clear and suggesting further pullack towards the downside coupled with a series of bearish H4 closes as such will be looking to use the pullback as an opportunity to load long as the Inverse HnS pattern on the daily has an upside target of the 1832..... Well worth noting aswell now too is how the D1 buy Zone has traded high enough to get near that 1648 handle that we have been overly focused on, as such, given these hints of the bearish divergence, we will have plenty of opportunity to look to load our long setups for bullish continuation.



H1: Bullish and Zone: 1720.25 - 1724.57
H4: Bullish and Zone: 1711.68 - 1690.81
D1: Bullish and Zone: 1653.42 - 1625.32


Intra Day Levels
Upside
1760.82
1751.23
1742.15
1732.87
1728.25
Downside
1712.79
1703.71
1690.72
1678.10
1666.52



Green pips
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDDaily_LI.jpg Size: 847 KB
4&1 All Time Profit: $37,496
  • #3,978
  • Apr 15, 2020 1:48am Apr 15, 2020 1:48am
Update:
Green Arrows depicting the bearish Divergence.
Note how despite being in the H1 buy Zone, price is beginning to push lower and the H1 structure showing hints of further weakness(HnS)
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1_LI.jpg Size: 962 KB
4&1 All Time Profit: $37,496
  • #3,979
  • Apr 15, 2020 6:21am Apr 15, 2020 6:21am
Update:

Bullish push from the first downside levels that also fell inside the H4 buy zone(upper band)

Current bearish trajectory has targets sub 1700 handle, any shorts taken on it need to be cautiously done as the overall trend and sentiment remains bullish.
As such risk management becomes key as this downard push is more corrective than it is a possible change of trend.



Green Pips,
4&1 All Time Profit: $37,496
  • #3,980
  • Apr 16, 2020 2:27am Apr 16, 2020 2:27am
16 April 2020

Price currently ranging between yesterdays 1728 and 1712 upside and downside levels respectively, and the H1 zone attempted a bearish crossover, currently sitting neutral, in terms of the bias, nothing has changed, this sideways consolidation is simply signalling some consolidation before the next move on this pair, The H1 Rsi still has a bearish slope as such further consolidation may be on the cards, however this gives us an opportunity to look long, key support at 1685.24. The bearish Daily close also serves a confirmation of this sideways consolidation, the most important thing becomes to take note of the H4 and H1 zones,



H1: Bearish with a neutral bias
H4: Bullish and Buy Zone: 1698.98 - 1715.81
D1: Bullish and Buy Zone: 1660.91 - 1632.81


Intra day levels
Upside
1746.82
1741.80
1732.81
1727.26

Downside
1718.27
1715.13
1709.28
1703.73
1694.74

Ps. Note how price has retested the m15 200 zone . if the LO hour is bullish and we remain above the daily open and this handle(m15 200), will look to buy any dips towards that handle




Green Pips
4&1 All Time Profit: $37,496
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