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4 + 1 (Metals) strategy

  • #3,981
  • Apr 16, 2020 3:11am Apr 16, 2020 3:11am
Quoting MzansiObi
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) {image}
Hallooo...
  • #3,982
  • Apr 16, 2020 3:12am Apr 16, 2020 3:12am
Quoting b_hand
{quote} Hallooo...
to you too...........
4&1 All Time Profit: $37,496
  • #3,983
  • Apr 16, 2020 3:14am Apr 16, 2020 3:14am
Gold is running right now with the breakout on weekly chart 1770 tp fibonacci 127.2 level
  • #3,984
  • Apr 16, 2020 3:24am Apr 16, 2020 3:24am
Just my view maybe Im wrong too
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  • #3,985
  • Apr 17, 2020 2:00am Apr 17, 2020 2:00am
17 April 2020



The Bearish divergence we have been tracking for the past couple of days has achieved its target in terms of that H1 HnS structure and the bearish RSI and stochastic divergence we noted, As much as the H1 has a declining slope and is bearish, the retest of the H1 200 EMA has pushed prices back above the 1700 sych level and this calls for us to watch what the LO hour does for intra day sentiment. All our intra day downside levels for today have been met as such will wait for the next H1 candle to close to revise new numbers for the day

Intra day levels
Upside
1752.08
1740.20
1732.86
1726.88
1719.24

Downside
1709.09
1701.75
1689.86
1684.37



PS, buying dips will still prove profitable as overall sentiment remains bullish.


Green Pips
4&1 All Time Profit: $37,496
  • #3,986
  • Apr 17, 2020 2:05am Apr 17, 2020 2:05am
Quoting MzansiObi
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) {image}
Since posting this, here is what price actionhas done with this HnS pattern
Attached Image (click to enlarge)
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4&1 All Time Profit: $37,496
  • #3,987
  • Edited 3:59am Apr 17, 2020 3:47am | Edited 3:59am
Quoting MzansiObi
{quote} Since posting this, here is what price actionhas done with this HnS pattern {image}
dont forget neck line has been broke ,, it is where your m30 200 is ,, as you know stuff works the other way too ,,,everything aint a strait shot ,,, cheers bud hope your doing well ,,,,,,, those average s can and do keep things below them too especially your m30 200,,,,, your oil lost it Monday ,, hasent been a good week for it ,,,just now finding a bit of support from the highs a few weeks ago ,,, still not overly rambunctious looking ,,, ,
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  • #3,988
  • Apr 17, 2020 5:31am Apr 17, 2020 5:31am
Update: long 1685.37
SL 1660
TP OPen



Smaller position as begin to load series of longs
4&1 All Time Profit: $37,496
  • #3,989
  • Apr 17, 2020 7:12am Apr 17, 2020 7:12am
Hello....thanks for the thread and ur assistance
Am reading through just now and also noticed your recent entry (fantastic)
was made with ur ema crossovers on the lower TFs...
not just H1 H4.....
Good trading
  • #3,990
  • Apr 17, 2020 8:19am Apr 17, 2020 8:19am
sorry ...reread ur post one on down to 15m TF....all good
  • #3,991
  • Apr 17, 2020 8:28am Apr 17, 2020 8:28am
Update: looking to move SL to BE + on long setups, Price back inside this bearish H1 sell zone, looking to see if current hourly candle can close above the 1695.76 handle mark, if not will then add a cheeky short and look at revisiting current intra day lows.... and look to buy the dip again...


Green Pips
4&1 All Time Profit: $37,496
  • #3,992
  • Apr 17, 2020 8:32am Apr 17, 2020 8:32am
Quoting digger1
{quote} dont forget neck line has been broke ,, it is where your m30 200 is ,, as you know stuff works the other way too ,,,everything aint a strait shot ,,, cheers bud hope your doing well ,,,,,,, those average s can and do keep things below them too especially your m30 200,,,,, your oil lost it Monday ,, hasent been a good week for it ,,,just now finding a bit of support from the highs a few weeks ago ,,, still not overly rambunctious looking ,,, , {image}
Hi Digs, all well this side, yeah oil smacked some this week, those buy dips are purely from a bias that suggests the OPEC deal will push us back towards that $40 mark
My rules suggested i keep looking to short it though but yeah...back to Gold...


Agreed the neckline is broken but if we can see H1 closes back above that neckline things suggest its headed back north...but worth a wait, you have always nailed the multi time frame analysis

How are you holding up?
4&1 All Time Profit: $37,496
  • #3,993
  • Apr 17, 2020 8:33am Apr 17, 2020 8:33am
Quoting TC48
Hello....thanks for the thread and ur assistance Am reading through just now and also noticed your recent entry (fantastic) was made with ur ema crossovers on the lower TFs... not just H1 H4..... Good trading
Hi TC, only a please mate, hope youre well and keeping safe. We keep on at it with Gold
4&1 All Time Profit: $37,496
  • #3,994
  • Apr 17, 2020 9:20am Apr 17, 2020 9:20am
Quoting MzansiObi
Update: looking to move SL to BE + on long setups, Price back inside this bearish H1 sell zone, looking to see if current hourly candle can close above the 1695.76 handle mark, if not will then add a cheeky short and look at revisiting current intra day lows.... and look to buy the dip again... Green Pips
Previous H1 close above the 1695 handle as such, buying the dip again tighter stop Loss, if the H1 breaks interim support at 1685, next line in the sand or point of interest for the bulls sits at 1665.59


Green Pips
4&1 All Time Profit: $37,496
  • #3,995
  • Apr 17, 2020 9:26am Apr 17, 2020 9:26am
Farukh


M15 and H1 chart showing Inverse HnS target around 1718
H1 RSI pointing northwards lets see...
4&1 All Time Profit: $37,496
  • #3,996
  • Apr 17, 2020 9:27am Apr 17, 2020 9:27am
would that be an inverted HnS...
  • #3,997
  • Apr 17, 2020 9:29am Apr 17, 2020 9:29am
Quoting MzansiObi
{quote} Previous H1 close above the 1695 handle as such, buying the dip again tighter stop Loss, if the H1 breaks interim support at 1685, next line in the sand or point of interest for the bulls sits at 1665.59 Green Pips
Further if 1685 holds then inverse HnS may be formed on m15 chart that will endorse buying else as you said 1665 would be next buying area which is last break out of inverse HnS on daily chart.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #3,998
  • Apr 17, 2020 11:33am Apr 17, 2020 11:33am
Quoting MzansiObi
{quote} Hi Digs, all well this side, yeah oil smacked some this week, those buy dips are purely from a bias that suggests the OPEC deal will push us back towards that $40 mark My rules suggested i keep looking to short it though but yeah...back to Gold... Agreed the neckline is broken but if we can see H1 closes back above that neckline things suggest its headed back north...but worth a wait, you have always nailed the multi time frame analysis How are you holding up?
Lol,, crazy times man ,, tht time of year tho ,, mother nature waits for no one ,, just getting a start on spring planting ,, good to see things okay for ya ,, cheers man
  • #3,999
  • Apr 17, 2020 12:00pm Apr 17, 2020 12:00pm
Quoting TC48
would that be an inverted HnS...
Correct
4&1 All Time Profit: $37,496
  • #4,000
  • Apr 17, 2020 12:13pm Apr 17, 2020 12:13pm
Quoting MzansiObi
{quote} Correct
The present M15 candlestick broke 1685. Will it continue going south?
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