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4 + 1 (Metals) strategy

  • #4,001
  • Apr 17, 2020 12:17pm Apr 17, 2020 12:17pm
weekly open putting up a good fight ,, may be slowly losing tho
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  • #4,002
  • Apr 18, 2020 7:49am Apr 18, 2020 7:49am
Quoting digger1
weekly open putting up a good fight ,, may be slowly losing tho {image}
Hi Digs, the fact that we ended the week pretty much where we began speaks in favour of a bullish continuation, while there is more hints of indecision, the primary take way is that 1648 handle has held up following the breakout of that handle when price had camped there for sometime, now this current long wick on the weekly chart shows some sort of rejection from current structural highs, however in most instances, this has always led to price gradually filling those extremes, as such my outlook remains to keep loading longs from the daily perspective as soon as those 1660's get tagged will begin loading more longs looking primarily for the 1745 handle....
4&1 All Time Profit: $37,496
  • #4,003
  • Apr 18, 2020 7:51am Apr 18, 2020 7:51am
Quoting Idunnu
{quote} The present M15 candlestick broke 1685. Will it continue going south?
Hey Idunnu,
Yes, that Inverse HnS on that M15 chart also got invalidate as the head structure/handle gott taken out, as such now will look to see price drop towards the 16660s before further continuation....
4&1 All Time Profit: $37,496
  • #4,004
  • Apr 18, 2020 8:11am Apr 18, 2020 8:11am
update:
Weekly chart with a 6 period RSI still has an overall bullish outlook, the point marked (ii) clearly outlines the long wick showing the clear rejection of price from higher up, given where price is on the Daily chart, looking for daily bulls to kick in near that 1660 handle and the next phase of price action to occur in this area where we gradually make our way up to current structural highs at the 1645ish handle

Thinking out loud, lets see where we open relative to our zones and from there look for the H1 to give a genuine H1 buy dip signal.....
Attached Image(s) (click to enlarge)
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4&1 All Time Profit: $37,496
  • #4,005
  • Apr 18, 2020 9:00am Apr 18, 2020 9:00am
Quoting MzansiObi
{quote} Hi Digs, the fact that we ended the week pretty much where we began speaks in favour of a bullish continuation, while there is more hints of indecision, the primary take way is that 1648 handle has held up following the breakout of that handle when price had camped there for sometime, now this current long wick on the weekly chart shows some sort of rejection from current structural highs, however in most instances, this has always led to price gradually filling those extremes, as such my outlook remains to keep loading longs from the daily...
Sure there will be a continuation ,, dont know about monday yet or not ,, there is some chart patterns tht put up near the last high s ,,, mkts will do what they always do ,, hope week end good for ya,,,,,,,, the daily pattern ,, the inverted head and shoulder pattern itself puts er around 1850 ,,which if ya run a line across to the left ,, well your pretty much there
  • #4,006
  • Apr 19, 2020 2:23pm Apr 19, 2020 2:23pm
20 April 2020



As things stand price has pulled back inside an area where we can and are looking for long setups, infact, since breaking out from the 1648 price handle we cans see that price rallied and hasnt really tested the handle as support, however given that our D1 chart has the buy zone near this resistance, turned support area, the outlook becomes to patiently look and load long setups. as we noted previously, PA near the Daily zones tends to provide proper guidance and clarity on sentiment, a zoomed out chart on the daily time frame clearly depicts this, the most important thing worth noting here is that our timing and position size becomes crucial as the daily setups tend to take some time before they materialize unlike the H1 and H4 setups where we can get in and out of a couple of positions intra day.

H1 remains bearish as such will expect some further pullback before price gets going.

H1: Bearish and Sell Zone: 1691.02 - 1699.08
H4: Bullish to Neutral bias: 1698.37 - 1702.96
D1: Bullish and Buy Zone: 1663.60 - 1635.44


Intra Day Levels for Monday
Upside
1732.10
1717.21
1708.01
1703.65
1693.11
1685.12
Downside
1678.22
1669.02
1665.31
1665.31
1652.12
1648.15


Green Pips
Attached Image(s) (click to enlarge)
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4&1 All Time Profit: $37,496
  • #4,007
  • Apr 19, 2020 2:26pm Apr 19, 2020 2:26pm
Weekly Levels of interest

Upside
1775.45
1746.65
1728.86
1710.53
1701.09
Downside
1671.26
1663.99
1653.47
1630.91
1624.67
4&1 All Time Profit: $37,496
  • #4,008
  • Apr 20, 2020 1:38am Apr 20, 2020 1:38am
Quoting MzansiObi
20 April 2020 As things stand price has pulled back inside an area where we can and are looking for long setups, infact, since breaking out from the 1648 price handle we cans see that price rallied and hasnt really tested the handle as support, however given that our D1 chart has the buy zone near this resistance, turned support area, the outlook becomes to patiently look and load long setups. as we noted previously, PA near the Daily zones tends to provide proper guidance and clarity on sentiment, a zoomed out chart on the daily time frame clearly...
Adding 1645.79 as another downside level of interest, looking at current PA, the 1685.12 holds the key to further bullishness, need to see H1 close above it and followed by 1695 for continuation.......
4&1 All Time Profit: $37,496
  • #4,009
  • Apr 20, 2020 2:34am Apr 20, 2020 2:34am
update: 1685.12 rejected yet again.

Pending Buy Dip sitting at 1663.72
SL 1650
TP Open
4&1 All Time Profit: $37,496
  • #4,010
  • Apr 20, 2020 4:24am Apr 20, 2020 4:24am
Update: Bullish H1 LO candle, price hovering just above the D1 buy ZOne, however given the fact that the H1 still remains in sell zone mode, price needs to overcome that 1685 handle on an H1 close, till then we can expect further consolidation....
4&1 All Time Profit: $37,496
  • #4,011
  • Apr 20, 2020 6:12am Apr 20, 2020 6:12am
Update: H1 Bullish RSI divergence has become clear now, naked chart also showing this consolidation box nd a breakout becomes eminent, given the LO hour candle, bullish daily candle and the floor that seems to have been supporting, im looking for breakout to the top inline with the D1 buy ZOne....

Patience is required, the fact the the H1 is in sell zone and the H4 has just flipped neutral, these daily bulls may take some time before getting going.
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4&1 All Time Profit: $37,496
  • #4,012
  • Apr 20, 2020 6:45am Apr 20, 2020 6:45am
Update: We have overcome the first hurdle at 1685...as mentioned we need to look to stay above the handle on an H1 closing basis, then use any dip towards the handle again as a buy opportunity to break and clear the 1691 handle now.....
4&1 All Time Profit: $37,496
  • #4,013
  • Apr 20, 2020 9:06am Apr 20, 2020 9:06am
Quoting MzansiObi
Update: We have overcome the first hurdle at 1685...as mentioned we need to look to stay above the handle on an H1 closing basis, then use any dip towards the handle again as a buy opportunity to break and clear the 1691 handle now.....
Breakout from the Box and each and every H1 close above the 1685 handle is a positive for bulls, since breaking out the box, price has retested that breakout level and rallied higher, just need to see the 1691 handle cleared now for further continuation...



PATIENCE
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4&1 All Time Profit: $37,496
  • #4,014
  • Apr 20, 2020 9:54am Apr 20, 2020 9:54am
Update

Pending Buy Dip
1684.56
SL 1669
TP open
4&1 All Time Profit: $37,496
  • #4,015
  • Apr 20, 2020 10:12am Apr 20, 2020 10:12am
Update:
Our two key areas have been cleared(1685 and 1691) and an H1 close above 1691 puts bulls in good standing,

Green Pips
4&1 All Time Profit: $37,496
  • #4,016
  • Apr 20, 2020 11:18am Apr 20, 2020 11:18am
Quoting MzansiObi
Update: Our two key areas have been cleared(1685 and 1691) and an H1 close above 1691 puts bulls in good standing, Green Pips
H1 close above 1691 as such, both objectives to the topside in terms of bullish confirmation and continuation have been met, as such shifting buy dips to 1692.
H1 busy flipping bullish, as such buy dip mode continues



Green Pips
4&1 All Time Profit: $37,496
  • #4,017
  • Apr 20, 2020 11:57am Apr 20, 2020 11:57am
Quoting MzansiObi
20 April 2020 As things stand price has pulled back inside an area where we can and are looking for long setups, infact, since breaking out from the 1648 price handle we cans see that price rallied and hasnt really tested the handle as support, however given that our D1 chart has the buy zone near this resistance, turned support area, the outlook becomes to patiently look and load long setups. as we noted previously, PA near the Daily zones tends to provide proper guidance and clarity on sentiment, a zoomed out chart on the daily time frame clearly...
1703.65 is next challenge for the bulls, but looking at momentum, seems like price has lost steam abit, this doesnt mean im looking for shorting, will look to add more long setups from dips...


Green Pips
4&1 All Time Profit: $37,496
  • #4,018
  • Apr 21, 2020 12:15am Apr 21, 2020 12:15am
21 April 2020
Price back testing the breakout levels from that consolidation box we had identified yesterday, the H1 us currently neutral but continues showing signs of further bullish continuation.

Key levels for the days bullish continuation are the daily open at 1693.75 then an H4 close above the 1698.59...a dip below the 1685 handle from yesterday and continued H1 close below that level would expose the lows of the consolidation box and would require we wait for price to get inside the D1 buy zone before further continuation.....


H1: Neutral
H4: Neutral
D1: Bullish and Buy Zone:1670.28 - 1643.12

Intra Day Levels
Upside
1721.94
1708.62
1701.31
1695.16
1690.64
Downside
1686.98
1683.32
1677.64
1670.33
1659.20



Green Pips


Patience and timing.....
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4&1 All Time Profit: $37,496
  • #4,019
  • Apr 21, 2020 2:33am Apr 21, 2020 2:33am
update: First bullish candle from the retest of the breakout level from our "consolidation box" and above the H1 200 handle.....followed buy another bullish H1 candle closing above the Daily openas such the H1 zone beginning to shape out with a bullish slope....Bullish LO candle puts us back above the 1700 handle...


Target for bullish outlook first at 1708.62


Green Pips
Attached Image (click to enlarge)
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4&1 All Time Profit: $37,496
  • #4,020
  • Apr 21, 2020 4:17am Apr 21, 2020 4:17am
Update: LO hour bearish as such need to err on the side of caution with bullish setups and wait for the 1697.74 handle to break on an hourly basis....
4&1 All Time Profit: $37,496
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