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4 + 1 (Metals) strategy

  • #4,101
  • May 7, 2020 9:55am May 7, 2020 9:55am
Update Pending Buy order at 1695
SL 1686
TP Open

Bullish D1 Momentum building up....and price manged to clear and stay above the 1692.02 handle


Green Pips
4&1 All Time Profit: $37,496
  • #4,102
  • May 7, 2020 10:49am May 7, 2020 10:49am
Update: One more level to the top left before bullish continuation, that 1707.82 seems like may produce another buy dip opportunity, lower time frame suggest another dip towards 1701....thats not to say we sell, simply an opportunity to load longs again...

Green Pips
4&1 All Time Profit: $37,496
  • #4,103
  • May 7, 2020 10:57am May 7, 2020 10:57am
Quoting MzansiObi
Update: One more level to the top left before bullish continuation, that 1707.82 seems like may produce another buy dip opportunity, lower time frame suggest another dip towards 1701....thats not to say we sell, simply an opportunity to load longs again... Green Pips
Extension levels to the tops side
1717.74
1724.26 if we manage to get above the last intra day level for the day
4&1 All Time Profit: $37,496
  • #4,104
  • May 7, 2020 12:01pm May 7, 2020 12:01pm
Update, moving most current trailing stop to 1711.
Lets see if the the extension levels will be held, worth nioting though the D1 Buy zone providing a bullish bounce and now daily close above 1703 becomes a + for the bulls...

Green Pips
4&1 All Time Profit: $37,496
  • #4,105
  • May 7, 2020 11:03pm May 7, 2020 11:03pm
8 May 2020



Alright, breakout from supportive D1 buy Zone and a the break above former structural resistance at the 1710 handle has brought about the widest range for the week so far, as such it opens up the amount of room we look at price travelling, as such the zones also begin to have more clarity as price isnt trading within a confined range.... well worth noting at the moment is that this widened range and breakout comes on the last day of the trading week, as such we may need to errrr on the side of caution as there may be some profit taking etc, however the patience when price was inside the D1 buy zone has been worth the wait,

All three zones have flipped bullish with the H1 showing an improved bullish slope, while the H4 has just turned bullish. we keep it simple and wait for price to get into the zones and get in long....



H1: Bullish and Buy Zone: 1710.93 - 1705.80
H4: Bullish to Neutral: 1703.97 - 1701.60
D1: Bullish and Buy Zone: 1699.07 - 1681.08


Intra Day levels
Upside
1746.97
1741.56
1731.48
1721.91
Downside
1711.38
1707.57
1703.11
1698.64
1690.94


Green Pips
4&1 All Time Profit: $37,496
  • #4,106
  • May 8, 2020 3:06am May 8, 2020 3:06am
Update: Bullish H1 close during the LO hour, as such buy mode till we get around the NY session...
Buy order at
1714.10
SL 1702
TP open



Green Pips
4&1 All Time Profit: $37,496
  • #4,107
  • May 8, 2020 8:04am May 8, 2020 8:04am
Update: so some good fundamental data coming out for the US, H1 buy zone remains valid and intact, buy dip continues....


Green Pips.


Will adjust stop loss to 1697 till volatility summers down as all signs and indication of bullish continuation remain...


Green Pips
4&1 All Time Profit: $37,496
  • #4,108
  • May 8, 2020 12:54pm May 8, 2020 12:54pm
Update; SO the First bounce off of the H1 Zone went and retested the highs but failing to break them, as noted previously, it being a Friday, it becomes best to avoid holding over the weekend and tentatively waiting for Monday to see where we open relative to the weekly close, the H1 and also what the sentiment is in terms of volume and momentum


Weekly close above our weekly open and also above the 1705 handle becomes a positive for the cross, the tentative price action suggest a new leg is on the horizon and as such looking at sentiment and volume, would like to be in the direction of the general trend...bullish...



Green Pips
4&1 All Time Profit: $37,496
  • #4,109
  • May 10, 2020 3:50pm May 10, 2020 3:50pm
11 May 2020


As much as last weeks candle Highlighted some indecision, it still finished off the week bullish, 1682 and 1724 hold the key for the breakout as a daily close above or below either level will signal the preferred direction for the next few sessions, as things stand the D1 buy zone upper band is well near the 1700 mark and the continued sideways price action will soon come to pass as price has been consolidating around current levels for about 20 days now, the 4+1 system shows us that in most times, such consolidation is often followed buy another massive move as such it becomes important for us to look for bullish signs inside our zones, while we could sell the top of the range that price has been trading in for the past couple of days, it becomes wiser to buy the dips as they line up with the longer time frmaes and price has respected the buy zones with each and every retest....

H1: Neutral with a Bullish Bias
H4: Bullish and Buy Zone: 1704.21 - 1707.05
D1: Bullish and Buy ZOne: 1698.40 - 1679.02


Intra Day Levels
Upside
1730.88
1722.40
1717.16
1711.57
1709.34
Downside
1700.19
1694.95
1686.46
1673.91
1656.44


Green Pips
4&1 All Time Profit: $37,496
  • #4,110
  • May 10, 2020 3:51pm May 10, 2020 3:51pm
Pending buy Order
Buy Limit 1696.02
SL: 1680.55
TP: Open
4&1 All Time Profit: $37,496
  • #4,111
  • May 10, 2020 3:54pm May 10, 2020 3:54pm
Quoting MzansiObi
11 May 2020 As much as last weeks candle Highlighted some indecision, it still finished off the week bullish, 1682 and 1724 hold the key for the breakout as a daily close above or below either level will signal the preferred direction for the next few sessions, as things stand the D1 buy zone upper band is well near the 1700 mark and the continued sideways price action will soon come to pass as price has been consolidating around current levels for about 20 days now, the 4+1 system shows us that in most times, such consolidation is often followed...
Weekly Levels
11 May 2020 - 15 May 2020
Upside
1743.90
1727.96
1718.11
1702.16
Downside
1682.22
1676.37
1666.43
1660.42


Green Pips
4&1 All Time Profit: $37,496
  • #4,112
  • May 10, 2020 9:29pm May 10, 2020 9:29pm
Quoting MzansiObi
Pending buy Order Buy Limit 1696.02 SL: 1680.55 TP: Open
adjusting this buy order to 1707.51
SL @ 1690

TP OPen

Green Pips
4&1 All Time Profit: $37,496
  • #4,113
  • May 11, 2020 2:58am May 11, 2020 2:58am
Update: The H1 has flipped from neutral to bearish, but an H1 close above 1710.11 will further validate the bullish contination, however although bearish, price is inside the H4 buy zone and only a couple of pips above the D1 buy Zone, so we need not stop buying, the bearish H1 flip just calls for caution and patience with bullish outlook.



Green Pips
4&1 All Time Profit: $37,496
  • #4,114
  • May 11, 2020 3:34am May 11, 2020 3:34am
Currently breakout range for today is 1696 to 1721.
Price is approaching towards the narrow side of triangle on daily chart.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #4,115
  • May 11, 2020 4:45am May 11, 2020 4:45am
Quoting farukh
Currently breakout range for today is 1696 to 1721. Price is approaching towards the narrow side of triangle on daily chart.
Momentum beginning to wan out, seems like next leg up is inevitable, agreed with your range am looking for another bullish H1 close to load more longs...


Green Pips
4&1 All Time Profit: $37,496
  • #4,116
  • May 11, 2020 7:07am May 11, 2020 7:07am
Quoting MzansiObi
{quote} Momentum beginning to wan out, seems like next leg up is inevitable, agreed with your range am looking for another bullish H1 close to load more longs... Green Pips
First Bullish H1 Candle at current levels, next up is a H1 close above the 1703.34 followed buy 1710 for confirmation...


Green Pips
4&1 All Time Profit: $37,496
  • #4,117
  • May 11, 2020 11:14am May 11, 2020 11:14am
Update:

Long 1694.1
SL 1681
TP OPen


Simply retesting the most current support handle, hidden bullish divergence and price inside the D1 Buy Zone Now.


Green Pips
4&1 All Time Profit: $37,496
  • #4,118
  • May 11, 2020 12:16pm May 11, 2020 12:16pm
Quoting MzansiObi
Update: Long 1694.1 SL 1681 TP OPen Simply retesting the most current support handle, hidden bullish divergence and price inside the D1 Buy Zone Now. Green Pips
partial profits taken, but wont trail just yet
4&1 All Time Profit: $37,496
  • #4,119
  • May 12, 2020 12:38am May 12, 2020 12:38am
12 May 2020

Price continues to find supportive price action inside the D1 buy Zone, so far each and every retest has produced a bullish bounce and rally following the retest of the D1 buy Zone, as such given where the H1 and H4 are, price has begun testing the range and also the falling wedge pattern that has been gradually forming, as such, a breakout to the top would break and clear the 1800 handle and this not only coincides with the bullish outlook as per the inverse HnS, as such there is confluence of factors beginning to build up and give further credence to the overall bullish outlook, we need a bullish D1 close above the wedge resistance pattern now.....

For now we on the lower time frames, the focus becomes to use the bullish momentum from the D1 buy zone to flip and turn the H1 and H4 bullish again....

H1: Bearish and Sell Zone:1701.17 - 1699.15
H4: Neutral to bearish.
D1: Bullish and Buy Zone:1697.63 - 1681.97


While the Lower time frames are bearish, selling the H1 sell zone requires some caution given how price has behaved inside the D1 buy Zone.


Intra Day Levels
Upside
1720.67
1718.87
1712.97
1708.21
1706.26

Downside
1692.81
1688.05
1680.35
1676.98
1670.65


Green Pips
4&1 All Time Profit: $37,496
  • #4,120
  • May 12, 2020 12:41am May 12, 2020 12:41am
Quoting MzansiObi
{quote} partial profits taken, but wont trail just yet
Trail stop in place now at 1698.51


Will keep recycling and buying the D1 buy Zone dips, smaller lot sizes with caution till such a point we break and clear the upper resistance of the falling wedge on the D1 chart and the H1 and H4 flip back bullish.......
4&1 All Time Profit: $37,496
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