4 + 1 (Metals) strategy | Page 209 | 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

  • #4,161
  • May 25, 2020 2:06am May 25, 2020 2:06am
Quoting woteverwillb
It's a bank holiday here in UK too chaps So price movement today should be pretty lethargic!
Thanks for the heads u9p mate.......will gladly take the minor pip movements it offers
4&1 All Time Profit: $37,496
  • #4,162
  • May 25, 2020 4:06am May 25, 2020 4:06am
update: upper band of the H1 sell zone retested and providing some pullback, the D1 buy zone has provided the bounce and buy orders already scaled out and stops at BE plus.... lower timeframes are still pointing at further bullishness, as such next objective sits at that 200 MA.

Green Pips
4&1 All Time Profit: $37,496
  • #4,163
  • May 25, 2020 5:17am May 25, 2020 5:17am
update: pending buy order
1728.28
SL below daily low

Green Pips
4&1 All Time Profit: $37,496
  • #4,164
  • May 25, 2020 11:27pm May 25, 2020 11:27pm
26 May 2020


H1 Sell zone produced some overhead resistance throughout the day, but D1 bulls managed to get price going and currently trading above the H1 200. And the H1 Zone has turned neutral looking to flip bullish, the outlook for Gold remains net bullish as per the D1 zone that has traded higher and the supportive price action that has resulted from the retest.


The outlook becomes to let price rally and flip the H1 bullish, get resistance from the H4 sell zone and begin buying dips.

Intra Day levels
Upside
1748.83
1742.88
1739.20
1733.25
Downside
1729.05
1727.30
1723.62
1717.67

H1: Neutral with Hints of Bullish sentiment
H4: Bearish and Sell Zone: 1731.79 - 1734.2
D1: Bullish and Buy Zone: 1724.25 - 1706.64




Green Pips
4&1 All Time Profit: $37,496
  • #4,165
  • May 26, 2020 1:13pm May 26, 2020 1:13pm
update:
Price deep inside the D1 Buy Zone.

Long 1714.24
SL 1698
TP Open.



Green Pips
4&1 All Time Profit: $37,496
  • #4,166
  • May 26, 2020 1:38pm May 26, 2020 1:38pm
Waiting for that 1705 support area to look for buying opportunities but I think the bulls will be short-lived on the short term. Just need D1 zone to also turn bearish.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200526-203223_MetaTrader 4.jpg Size: 349 KB
  • #4,167
  • May 26, 2020 2:02pm May 26, 2020 2:02pm
Quoting Bkay23
H4 zone is Neutral with psychological zones @ 1750 & 1730. Sells will confirmed below 1730. Price looks strongly bullish but it's at levels where it can leave you hanging. So I'd say buying above 1750 would be less risky. The retest of broken horizontal triangle @1705 is still on the cards. {image}
Nice Wave count on the pair mate, seems we have pulled back well withing that extension point, 1696 handle very key for D1 buy zone on a DAILY CLOSING basis
4&1 All Time Profit: $37,496
  • #4,168
  • May 26, 2020 2:51pm May 26, 2020 2:51pm
Thanks bud. That 1700 handle will be pivotal for the bears especially if we get a daily close below it. The next target will be 1590, the weekly hard stop, followed by 1500-1450, monthly buy zone. But let's not get ahead of ourselves. Let's see how price reacts at 1705 support
  • #4,169
  • May 27, 2020 12:14am May 27, 2020 12:14am
27 May 2020
H1 bearish and trending, price gas continued along its channel of making lower lows and lower highs, as such the most immediate outlook for bulls becomes to wait for that bullish confirmation at current levels, previous daily close was bearish but prices still trading inside the D1 zone.


But as B23 mentioned the wave count had these extension levels near the 1705 handle, now given the fact that we back inside the falling wedge pattern, we could look to challenge further lows, but some psychological levels hovering at the bottom and as such, following the lower time frame may provide a better yield, have already had a retest if the H1 sell zone and pushed lower.



Intra Day levels
Upside
1744.92
1734.71
1728.40
1718.18
Downside
1707.97
1704.33
1701.74
1691.44


Green Pips
4&1 All Time Profit: $37,496
  • #4,170
  • May 28, 2020 10:08pm May 28, 2020 10:08pm
Quoting MzansiObi
27 May 2020 H1 bearish and trending, price gas continued along its channel of making lower lows and lower highs, as such the most immediate outlook for bulls becomes to wait for that bullish confirmation at current levels, previous daily close was bearish but prices still trading inside the D1 zone. But as B23 mentioned the wave count had these extension levels near the 1705 handle, now given the fact that we back inside the falling wedge pattern, we could look to challenge further lows, but some psychological levels hovering at the bottom and as...
Good Morning Mzansi...
Waiting for you to update your new analysis
Green pips to you
  • #4,171
  • May 29, 2020 4:22am May 29, 2020 4:22am
Quoting Rudrax
{quote} Good Morning Mzansi... Waiting for you to update your new analysis Green pips to you
Hey Rud, will be back at it from Monday mate.
Just been on some down time on my end.

But the overall structure remains bullish,
Supportive D1 price action from deep inside the D1 buy Zone and the D1 close above that 1696/8 handle keeps us looking for further contribution.


Remember, we consolidated for a while inside the D1 zone before we got going, so buy dip mode continues.
H1 currently bullish and next hurdle becomes an H4 candle close above the 1723.70 will have me looking to buy from that handle again looking for 1735 mate

Green Pips
4&1 All Time Profit: $37,496
  • #4,172
  • May 29, 2020 4:04pm May 29, 2020 4:04pm
Quoting MzansiObi
{quote} Hey Rud, will be back at it from Monday mate. Just been on some down time on my end. But the overall structure remains bullish, Supportive D1 price action from deep inside the D1 buy Zone and the D1 close above that 1696/8 handle keeps us looking for further contribution. Remember, we consolidated for a while inside the D1 zone before we got going, so buy dip mode continues. H1 currently bullish and next hurdle becomes an H4 candle close above the 1723.70 will have me looking to buy from that handle again looking for 1735 mate Green Pips...
We managed to see an H4 close above the 1723.70 handle and as the target for the day @ 1735 was reached but failure to break and close above previous weekly high suggest that price may look to retest and visit the 1662 handle before we get going again, the volume and volatility that spuured a weekly low of sub 1700 price handle is suggestive and shows that there are a couple of sellers at this weeks high, as such, given the bearish RSI divergence on some of the longer timeframes, it seesms price may loook to find some buyers from below the 1700 handle before getting going,


This month, we will be looking for any daily close above 1697 and will be using it for further buy dip scenarios.


Green Pips
4&1 All Time Profit: $37,496
  • #4,173
  • Jun 1, 2020 9:47pm Jun 1, 2020 9:47pm
02 June 2020


Supportive price action form the H1 buy zone following the gap up on the opening, As things stand, the three time frames of reference remain bullish despite some bearish divergence, seems to be wise to continue looking for buy dip as the H1 has continued in its supportive action, yesterdays high remains a point of concern as price seems to be failing to break it and as such marking that handle as the resistance hurdle the daily bulls need to overcome as the daily chart has begun forming a HnS pattern as such unless we begin breaking daily highs, price action may pull back deeper towards the weekly levels again(1603) before getting going again.


Intra Day Levels
Upside
1757.58
1754.44
1747.78
1743.67

Downside
1737.93
1745.88
1733.82
1730.34
1726.23


Green Pips
4&1 All Time Profit: $37,496
  • #4,174
  • Jun 1, 2020 9:49pm Jun 1, 2020 9:49pm
Quoting MzansiObi
02 June 2020 Supportive price action form the H1 buy zone following the gap up on the opening, As things stand, the three time frames of reference remain bullish despite some bearish divergence, seems to be wise to continue looking for buy dip as the H1 has continued in its supportive action, yesterdays high remains a point of concern as price seems to be failing to break it and as such marking that handle as the resistance hurdle the daily bulls need to overcome as the daily chart has begun forming a HnS pattern as such unless we begin breaking...
H1: Bullish and Buy Zone: 1738.76 - 1736.40.
H4: Bullish and Buy Zone: 1733.28 - 1729.35.
D1: Bullish and Buy Zone: 1725.42 - 1717.82.
4&1 All Time Profit: $37,496
  • #4,175
  • Jun 1, 2020 9:56pm Jun 1, 2020 9:56pm
Associated charts....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDDaily_LI.jpg Size: 572 KB
Click to Enlarge Name: XAUUSDH1_LI.jpg Size: 704 KB
4&1 All Time Profit: $37,496
  • #4,176
  • Jun 2, 2020 1:07am Jun 2, 2020 1:07am
Inverse HnS formation on H4 chart
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH4.png Size: 45 KB


H1 is respecting trendline and bullish engulf has been formed
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1.png Size: 42 KB


If trendline on H1 continues supporting and not broken then neckline on H4 expected to be broken for further longs.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #4,177
  • Jun 2, 2020 8:22am Jun 2, 2020 8:22am
Update: Previous daily High still posing a challenge for the bulls. Would like to see 1744 break and bring in 1753.07 has the next target for price action........
Stops on most recent H1 buy are at entry and have locked in some profit by closing 90% of the position.


Green Pips
4&1 All Time Profit: $37,496
  • #4,178
  • Jun 2, 2020 8:31am Jun 2, 2020 8:31am
Quoting farukh
Inverse HnS formation on H4 chart {image} H1 is respecting trendline and bullish engulf has been formed {image} If trendline on H1 continues supporting and not broken then neckline on H4 expected to be broken for further longs.
Excellent pick up on the H4 chart bud, lets seehow the current H4 candle closes looking for it to be bullish and above the PDH.


Green Pips
4&1 All Time Profit: $37,496
  • #4,179
  • Jun 2, 2020 9:18am Jun 2, 2020 9:18am
Quoting MzansiObi
{quote} Excellent pick up on the H4 chart bud, lets seehow the current H4 candle closes looking for it to be bullish and above the PDH. Green Pips
next levels NB for the current H4 candle are
Upside
1745.02
1746.87
1749.85

Downside
1739.06
1737.21
1734.23

Lets see where we are relative to these in the next 4 hours
4&1 All Time Profit: $37,496
  • #4,180
  • Jun 2, 2020 9:56am Jun 2, 2020 9:56am
Update: Price back inside the H1 Buy Zonebut seems like further weakness still on the cards, H1 RSI still pointing south and the stochs also crossing over and pointing down from the 80 ZOne, will wait and see before loading next set of long orders.

Taking smaller longs at current price
1739.34
SL 1725
TP Open, will wait on priceto confirm next set of entries.
Green Pips
4&1 All Time Profit: $37,496
11 traders viewing now