4 + 1 (Metals) strategy | Page 210 | 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

  • #4,181
  • Jun 2, 2020 10:26am Jun 2, 2020 10:26am
Quoting MzansiObi
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
Agreed. Divergence on H1
Let's see what current H4 will print on chart.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #4,182
  • Jun 2, 2020 10:38am Jun 2, 2020 10:38am
Quoting farukh
{quote} Agreed. Divergence on H1 Let's see what current H4 will print on chart.
Im loading another long from the H4 Buy ZOne have got that long confirmation, the sudden drop and dip on the H1 too quick think this H1 becomes a long tailed candle then we get a retest....
4&1 All Time Profit: $37,496
  • #4,183
  • Jun 2, 2020 11:03am Jun 2, 2020 11:03am
Quoting MzansiObi
{quote} Im loading another long from the H4 Buy ZOne have got that long confirmation, the sudden drop and dip on the H1 too quick think this H1 becomes a long tailed candle then we get a retest....
Hourly closed bearish engulfing, let's see what 4H does but Gold is massively overbought on the monthly, bulls are losing steam, would like to see a drop to 1650's before continuation
  • #4,184
  • Jun 3, 2020 12:43am Jun 3, 2020 12:43am
Quoting chasinpips
{quote} Hourly closed bearish engulfing, let's see what 4H does but Gold is massively overbought on the monthly, bulls are losing steam, would like to see a drop to 1650's before continuation
Bang on regarding that bearish engulfing on the H4, that overhead resistance proved to be challenging for the bulls to overcome. However, the sentiment remains bullish, price is at crossroads now as the neckline needs to resist and that followed with a bearish D1 close below 1708.59 for us to become net bearish again, simialr to last weeks dip, price is simply retesting the D1 buy zone, and the next set of levels we need to break for continuation become
17441763.56 on a daily closing basis from the D1 chart, the conservative thing to do when buying at current levels now becomes to manage lot size as there is plenty of rooms to the bottom for intra day trading as the H1 is bearish and the H4 is neutral to bearish for now....
4&1 All Time Profit: $37,496
  • #4,185
  • Jun 3, 2020 1:01am Jun 3, 2020 1:01am
03 June 2020


H1 Currently flipped bearish but some supportive sentiment near current levels, a such the outlook becomes to wait for the LO and see how prices behave around our zones post LO hour. Price is consolidating at the moment on the longer Time frames.
we can look to sell a couple of retests of the H1 but since we are in D1 territory will be looking to get long on the overall.....

H1: Bearish and Sell Zone: 1728.72 - 1731.29
H4: Bullish to Neutral: 1729.16 - 1733.07
D1: Bullish and Buy Zone: 1723.30 - 1711.83


Intra Day Levels
Upside
1743.76
1740.44
1736.06
1731.34
Downside
1722.23
1716.61
1708.77
1707.51


Green Pips
4&1 All Time Profit: $37,496
  • #4,186
  • Jun 3, 2020 6:11pm Jun 3, 2020 6:11pm
Quoting Bkay23
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. {image}
Finally got that daily close below 1700. Daily zone hasn't turned bearish yet but we can still look for sell opportunities in the H1 sell zone which is in confluence with the 1705 psychological level. "Sell rally" scenarios can now be considered.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_20200604-010623_MetaTrader 4.jpg Size: 314 KB
Click to Enlarge Name: Screenshot_20200604-010345_MetaTrader 4.jpg Size: 385 KB
  • #4,187
  • Edited 6:01am Jun 4, 2020 1:35am | Edited 6:01am
Intraday time frame EMAs are all above price action
Technically a further correction is a given....but....
You have to look at the fundamentals also, with the ECB rate announcement today and US jobs tomorrow, these are two big factors that could drive gold and silver back up to swing highs....

Only looking at small lot sizes on any sells with tight stop losses
  • #4,188
  • Jun 4, 2020 3:40am Jun 4, 2020 3:40am
LO bulish - the odds on Euro central bank going to negative rates is more than 50%
London may know something we do not !

12:45pm is the rate decision

Gold will shoot if they go negative guys
  • #4,189
  • Jun 7, 2020 5:34am Jun 7, 2020 5:34am
Surprisingly good USA and Canadian job numbers and higher bond yields validated the bearish technicals

Bear flag/pennant on the 1 hour time frame looks like a further drop to 1,650 levels to me...

Might pop up to retest previous support between 1690 & 1700 before next leg down...
  • #4,190
  • Jun 8, 2020 7:16am Jun 8, 2020 7:16am
Screenshot of bearish pennant

which way will it break ?!

I'm betting down - will then close my buy order at 1678 and go short
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 42 KB
  • #4,191
  • Jun 8, 2020 7:53am Jun 8, 2020 7:53am
With the D1 crossing over to the bears we look to add sell positions in the H1 sell zone. The market is highly volatile so timing entries and being patient will pay off.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_20200608-144758_MetaTrader 4.jpg Size: 429 KB
Click to Enlarge Name: Screenshot_20200608-144835_MetaTrader 4.jpg Size: 372 KB
  • #4,192
  • Jun 11, 2020 5:24pm Jun 11, 2020 5:24pm
Quoting MzansiObi
03 June 2020 H1 Currently flipped bearish but some supportive sentiment near current levels, a such the outlook becomes to wait for the LO and see how prices behave around our zones post LO hour. Price is consolidating at the moment on the longer Time frames. we can look to sell a couple of retests of the H1 but since we are in D1 territory will be looking to get long on the overall..... H1: Bearish and Sell Zone: 1728.72 - 1731.29 H4: Bullish to Neutral: 1729.16 - 1733.07 D1: Bullish and Buy Zone: 1723.30 - 1711.83 Intra Day Levels Upside 1743.76...
where r you bro ?
  • #4,193
  • Jun 15, 2020 2:11am Jun 15, 2020 2:11am
Quoting MzansiObi
03 June 2020 H1 Currently flipped bearish but some supportive sentiment near current levels, a such the outlook becomes to wait for the LO and see how prices behave around our zones post LO hour. Price is consolidating at the moment on the longer Time frames. we can look to sell a couple of retests of the H1 but since we are in D1 territory will be looking to get long on the overall..... H1: Bearish and Sell Zone: 1728.72 - 1731.29 H4: Bullish to Neutral: 1729.16 - 1733.07 D1: Bullish and Buy Zone: 1723.30 - 1711.83 Intra Day Levels Upside 1743.76...
Lavels ?
  • #4,194
  • Jun 16, 2020 2:34pm Jun 16, 2020 2:34pm
Quoting Unitedgold
{quote} where r you bro ?
Back my brother will resume posting levels tomorrow
4&1 All Time Profit: $37,496
  • #4,195
  • Jun 16, 2020 4:08pm Jun 16, 2020 4:08pm
Quoting MzansiObi
{quote} Back my brother will resume posting levels tomorrow
Thanks
  • #4,196
  • Jun 16, 2020 5:22pm Jun 16, 2020 5:22pm
Quoting MzansiObi
{quote} Back my brother will resume posting levels tomorrow
Welcome back Ozi !
  • #4,197
  • Jun 16, 2020 5:46pm Jun 16, 2020 5:46pm
Quoting MzansiObi
{quote} Back my brother will resume posting levels tomorrow
Welcome
Learn... Work Hard... Trade Alone
  • #4,198
  • Jun 16, 2020 5:50pm Jun 16, 2020 5:50pm
Quoting BiteFX
{quote} Welcome
My brother in the gold mine is back...So, am dropping this
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200616_224433.jpg Size: 72 KB
Learn... Work Hard... Trade Alone
  • #4,199
  • Jun 16, 2020 5:52pm Jun 16, 2020 5:52pm
Quoting BiteFX
{quote} My brother in the gold mine is back...So, am dropping this {image}
Use MzansiObi's intraday levels to trade off...and
Stay Alive
Learn... Work Hard... Trade Alone
  • #4,200
  • Jun 16, 2020 9:07pm Jun 16, 2020 9:07pm
17 June 2020


H1 Zone is flat with a neutral bias, H1 zone trading in a confinde range and would like to see a breakout from said range
H4 and D1 Zones both bullish and remain bullish. We continue to look for Buy Dip opportunities inside of the D1 zone specifically.
Given the current H1 structure, price has also printed what looks to be an inverted HnS on the H1, however a retest of yesterdays lows remains on the cards should we continue trading below the 1726.68 mark.....


Intra Day Levels
Upside
1748.43
1741.31
1735.20
1731.42
1726.68
Downside
1721.99
1719.20
1715.42
1709.31
1703.55

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