4 + 1 (Metals) strategy | Page 205 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Simple 5 Min Gold (XAUUSD) Strategy 79 replies

Digamber Shankar PATIL's DSP Candle Strategy 349 replies

Strategy Backtesting Platforms 24 replies

5 Min Gold (XAUUSD) Divergence Strategy 176 replies

M5-Two-Way-Confirmation-Strategy 264 replies

Attachments: 4 + 1 (Metals) strategy
Exit Attachments

4 + 1 (Metals) strategy

  • #4,081
  • May 3, 2020 5:26pm May 3, 2020 5:26pm
4 May 2020



New Week, new Possibilities, while the monthly failed to close a key level on our bullish outlook, the weekly close brought prices back inside a bullish continuation area, howver, daily close above the 1685 price means that the bullsh scenario remains intact given the fact that the daily buy zone is a couple of pips below and also that with every passing day that price keeps consolidating, the buy zone on the daily chart keeps pulling higher as such so long as two key criteria arent met, will remain net bullish on Gold, those are,
1. Price doesnt get a daily close below the D1 buy zone and use that breakdown level as resistance
2. The head structure of the inverse HnS pattern isnt invalidated.


With that said, it becomes important and imperative of us to look to time the entries, every now and then price will break a key support handle on the lower time frames, but we need to take note of where it finds support or resistance relative to the longer time frames as they wil loften hold the key with regards to where price is heading next.

As things stand,
H1: Neutral
H4: Bearish and Sell Zone: 1699.98 - 1695.32
D1: Bullish and Buy Zone: 1695.78 - 1672.65




Intra Day Levels
Upside
1725.27
1713.40
1705.12
1692.04
Downside
1687.89
1678.29
1671.40
1668.99




Green Pips
4&1 All Time Profit: $37,496
  • #4,082
  • May 3, 2020 5:33pm May 3, 2020 5:33pm
Weekly Chart showing the the weekly buy zone well inside the former tow key levels from April with the upper band looking to breakout above the handle at 1648....so lets not loose site or focus of the bigger picture
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDDaily_LI.jpg Size: 924 KB
Click to Enlarge Name: XAUUSDH1_LI.jpg Size: 950 KB
Click to Enlarge Name: XAUUSDWeekly_LI.jpg Size: 894 KB
4&1 All Time Profit: $37,496
  • #4,083
  • May 4, 2020 12:03am May 4, 2020 12:03am
Update: Price action trading above the weekly and daily open for the better part and as a result, the H1 Zone has turned bullish with the zone sitting at
H1 Bullish and Buy Zone: 1695.41 - 1694.09.


Becomes wise to look for a buy dip scenario into the zone.

Green Pips
4&1 All Time Profit: $37,496
  • #4,084
  • May 4, 2020 12:07am May 4, 2020 12:07am
Quoting MzansiObi
Update: Price action trading above the weekly and daily open for the better part and as a result, the H1 Zone has turned bullish with the zone sitting at H1 Bullish and Buy Zone: 1695.41 - 1694.09. Becomes wise to look for a buy dip scenario into the zone. Green Pips
Clear depiction of the most current H1 buy ZOne....
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1Pre LO_LI.jpg Size: 864 KB
4&1 All Time Profit: $37,496
  • #4,085
  • May 4, 2020 6:26am May 4, 2020 6:26am
update: As things stand,price back above the the H1 200 and also the 1703.98 handle, H1 Buy Zone has an upward slope, however as price has rallied to far away from price, we cannot rule out a dip towards the buy zone:

Current H1 Buy Zone: 1701.19 - 1697.69


Green Pips
4&1 All Time Profit: $37,496
  • #4,086
  • May 5, 2020 1:20am May 5, 2020 1:20am
05 May 2020

Bullish start to the week with prices bouncing off of the D1 buy zone and testing the the middle of the range given the most current market structure, H1 buy zone still bullish and price throughout the day kept on providing the bounce that was capped at 1710, as such the handle becomes the most immediate resistance zone for further bullishness and the very same level would need to hold as support going forward.


H1: Bullish and Buy Zone: 1701.67 - 1700.45.
H4: Bearish to Neutral:
D1: Bullish and Buy Zone: 1695.70 - 1675.15.


Intra-Day Levels
Upside
1723.79
1715.43
1710.27
1705.13
1701.54
Downside
1693.54
1688.38
1680.01
1677.12
1671.35


Green Pips
4&1 All Time Profit: $37,496
  • #4,087
  • May 5, 2020 1:40am May 5, 2020 1:40am
Quoting MzansiObi
4 May 2020 New Week, new Possibilities, while the monthly failed to close a key level on our bullish outlook, the weekly close brought prices back inside a bullish continuation area, howver, daily close above the 1685 price means that the bullsh scenario remains intact given the fact that the daily buy zone is a couple of pips below and also that with every passing day that price keeps consolidating, the buy zone on the daily chart keeps pulling higher as such so long as two key criteria arent met, will remain net bullish on Gold, those are, 1....
Weekly Levels
4/05/20 - 8/05/20
Upside
1763.24
1755.51
1733.87
1720.51
Downside
1698.8
1677.24
1663.88
1648.30
1631.35



Green Pips
4&1 All Time Profit: $37,496
  • #4,088
  • May 5, 2020 2:09am May 5, 2020 2:09am
Update:

Given where price is on the H1 and where the Daily buy Zone sits, there H1 Price structure will allow us to load more longs from the D1 buy zone if price doesnt break the 1710.65 handle as the H1 is beginning to form a HnS. Breakdown of 1691 exposes the 1671.32


Green Pips
4&1 All Time Profit: $37,496
  • #4,089
  • May 5, 2020 2:15am May 5, 2020 2:15am
Quoting MzansiObi
Update: Given where price is on the H1 and where the Daily buy Zone sits, there H1 Price structure will allow us to load more longs from the D1 buy zone if price doesnt break the 1710.65 handle as the H1 is beginning to form a HnS. Breakdown of 1691 exposes the 1671.32 Green Pips
Visuals on the structure...
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1_LI.jpg Size: 929 KB
4&1 All Time Profit: $37,496
  • #4,090
  • May 5, 2020 3:11am May 5, 2020 3:11am
update: LO rejecting prices to the bottom and keeping the bullish structure in play....the close above 1691 handle means we need to continue watching and look as to what price is doing, remain range bound till the low is broken or the 1710 handle is broken,


Green Pips
4&1 All Time Profit: $37,496
  • #4,091
  • May 5, 2020 6:49am May 5, 2020 6:49am
Update: Visual representation of the most current range bound trading, seems like price is attempting to accumulate some sort of momentum for its next move, the long wicks of these candles clearly outlining the extremes of the most current range, we need to remain patient and wait for the next leg....
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1US_LI.jpg Size: 973 KB
4&1 All Time Profit: $37,496
  • #4,092
  • May 5, 2020 8:27am May 5, 2020 8:27am
Update: H1 Sell Zone flipped bearish now currently flipped over and sitting at
Bearish and Sell ZOne: 1699.01 - 1699.55.

Sidenote: As much as this is the H1 Sell Zone, we shouldnt rule the bulls out considering where price is currently trading relative to the D1 buy ZOne.


Green Pips
4&1 All Time Profit: $37,496
  • #4,093
  • May 5, 2020 10:59am May 5, 2020 10:59am
Inverse HnS is visible on h4 chart

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH4.png Size: 45 KB
P.S. Trade with the discipline of Money Management and Risk Management.
  • #4,094
  • May 5, 2020 2:40pm May 5, 2020 2:40pm
Update: Unless price breaks out of this range then the H1 will continue to give mixed signals in terms of the zone, i agree with you Farukh, there is a new inverse pattern on the cards, and throughout the day, price has sort of struggled to get going and has continued to form inside patterns inside insdie patterns as such the zone continues to be flat , so the may be worth while to see where the daily closes and print new numbers for the session ahead....
4&1 All Time Profit: $37,496
  • #4,095
  • May 6, 2020 2:41am May 6, 2020 2:41am
6 May 2020



Price still trading within the range that we highlighted yesterday. We are currently above the H1 200 and also the H1 is in bullish mode, although as mentioned previously, we need a clear breakout from the range high ar 1710 to continue the bullish trajectory, if it resists and breaks support we will have to wait fuu I r D1 bulls to kick on...
H1: Bullish and Buy Zone: 1703.62 - 1702.39
H4: Neutral.
D1: Bullish and Buy Zone: 1697.99 - 1677.63


well worth noting that D1 buy zone has cleared the 1648 handle and next objective is 1685z.
The bulls need to be patient as the pair seems to be gathering some steam for the next upleg.

Intea Day levels
Upside
1727.29
1724.03
1715.72
1710.59
1706.54
Downside
1700.80
1693.97
1688.84
1680.53

Let’s see how the current H1 candle closes, green and above the H1 buy zone then we continue buying dips.

Green Pips.
4&1 All Time Profit: $37,496
  • #4,096
  • May 6, 2020 7:43am May 6, 2020 7:43am
Update: the sideways price action continues upper band of the range rejecting price, D1 but zone hovering below let’s see and wait for bullish H1 bear three losses to load Kong’s
4&1 All Time Profit: $37,496
  • #4,097
  • May 6, 2020 11:58am May 6, 2020 11:58am
Update: Price broke the bottom of the range, and well within the D1 buy zone, as such, looking for the buy dip now, further confirmation will be a bullish H1 close around these levels, worth noting the long wicks to the bottom of these H1 candles shggestion price is being rejected at these lows.....



Green Pips
4&1 All Time Profit: $37,496
  • #4,098
  • May 6, 2020 12:01pm May 6, 2020 12:01pm
Quoting MzansiObi
Update: Price broke the bottom of the range, and well within the D1 buy zone, as such, looking for the buy dip now, further confirmation will be a bullish H1 close around these levels, worth noting the long wicks to the bottom of these H1 candles shggestion price is being rejected at these lows..... Green Pips
Already bought but risking very low lot size, will further add after confirmation
P.S. Trade with the discipline of Money Management and Risk Management.
  • #4,099
  • May 6, 2020 1:43pm May 6, 2020 1:43pm
Quoting farukh
{quote} Already bought but risking very low lot size, will further add after confirmation
Nice one mate, yeah lets see what it does,. Daily close in a few and that should print a wider range of numbers for the day ahead, lol just need the volatility
4&1 All Time Profit: $37,496
  • #4,100
  • May 6, 2020 10:54pm May 6, 2020 10:54pm
7 May 2020


Couple of bullish H1 candles inside the D1 buy Zone which is a good sign, as things stand, price is above the daily open and bullish, the H1 RSI is out of the 30 zone and beginning to point up, given the fact that the H1 zone is bearish and a couple of pips above, the outlook now becomes to buy the retest of the lows as we have seen the bullish bounce on the H1, as such will be looking to buy dips....




H1: Bearish and Sell Zone: 1691.94 - 1694.37.
H4: Bearish and Sell Zone: 1694.64 - 1697.23.
D1: Bullish and Buy Zone: 1675.02 - 1696.12.



Intra-Day Levels

Upside
1711.61
1707.82
1701.69
1698.17
1695.10

Downside
1692.02
1681.85
1675.72
1666.80
1662.12



Green Pips..
4&1 All Time Profit: $37,496
9 traders viewing now