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4 + 1 (Metals) strategy

  • #4,341
  • Jun 4, 2021 6:14am Jun 4, 2021 6:14am
pending buy order
1866.54
SL 1854
TP1: 1886
TP2: 1900

So long as these H4 candles keep closing bullish, bull sentiment remaiins intact

Green pips
4&1 All Time Profit: $37,496
  • #4,342
  • Jun 4, 2021 9:15am Jun 4, 2021 9:15am
Quoting MzansiObi
pending buy order 1866.54 SL 1854 TP1: 1886 TP2: 1900 So long as these H4 candles keep closing bullish, bull sentiment remaiins intact Green pips
Buy order not filled, but those still holding onto buys are 10 clicks away from TP2....
Looking for dips to go long.... Green Pips
4&1 All Time Profit: $37,496
  • #4,343
  • Jun 4, 2021 11:24am Jun 4, 2021 11:24am
Buy Order loaded, first obstacle to the top noted....

Green Pips
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1.pnglate4_LI.jpg Size: 780 KB
4&1 All Time Profit: $37,496
  • #4,344
  • Jun 7, 2021 2:33am Jun 7, 2021 2:33am
Quoting MzansiObi
Buy Order loaded, first obstacle to the top noted.... Green Pips {image}
1880.00
1882.00
1883.24
1885.25
1887.25
1888.49
1890.50


Long 1883.80
SL 1876
TP Open


Green Pips.
4&1 All Time Profit: $37,496
  • #4,345
  • Jun 7, 2021 4:04am Jun 7, 2021 4:04am
Quoting MzansiObi
{quote} 1880.00 1882.00 1883.24 1885.25 1887.25 1888.49 1890.50 Long 1883.80 SL 1876 TP Open Green Pips.
Thinking out loud....
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDH1.pngTOL_LI.jpg Size: 821 KB
4&1 All Time Profit: $37,496
  • #4,346
  • Jun 7, 2021 6:12am Jun 7, 2021 6:12am
Quoting MzansiObi
{quote} Thinking out loud.... {image}
Bullish H4 candle close;

Immediate target for current buy is 1889
followed by 1900

Green Pips

New Levels for US session
1879.22
1881.08
1882.23
1884.09
1885.95
1887.10
1888.96
4&1 All Time Profit: $37,496
  • #4,347
  • Jun 7, 2021 6:48am Jun 7, 2021 6:48am
Quoting MzansiObi
{quote} 1880.00 1882.00 1883.24 1885.25 1887.25 1888.49 1890.50 Long 1883.80 SL 1876 TP Open Green Pips.
Scaled out with some partial profits, That falling trendline from Friday voming into play again...net bias remains bullish, but will need to sewe price break and close above this handle to add on and look for that Cup n Handle formation completion..... Very slow so patience is required here


Green Pips
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4&1 All Time Profit: $37,496
  • #4,348
  • Jun 8, 2021 1:38am Jun 8, 2021 1:38am
08 June 2021

Couple of bearish H4 closes near that second target for yesterdays bull setups...as such expecting some consolidation around current handles as price /momentum stalls for a bit before deciding where it goes, as things stand, favour of buying dips looking for some of last weeks highs....

Pending Buy order
1892
SL: 1888
TP1: 1903.07
TP2: 1909


Levels for session ahead...

1892.45
1893.79
1894.75
1896.32
1897.89
1898.85
1900.42
1902.57

Green Pips
4&1 All Time Profit: $37,496
  • #4,349
  • Jun 8, 2021 1:55am Jun 8, 2021 1:55am
For a bit longer term.. if 1916 not broken we may see price at 1825 or if extends 1796 to get bulls in action again.

Need to look price action at resistance level 1916
P.S. Trade with the discipline of Money Management and Risk Management.
  • #4,350
  • Jun 8, 2021 2:40am Jun 8, 2021 2:40am
Quoting farukh
For a bit longer term.. if 1916 not broken we may see price at 1825 or if extends 1796 to get bulls in action again. Need to look price action at resistance level 1916
I agree with you, however im using the D1 close and support levels to assess that sentiment, in that
1. We are in a multi year bullish uptrend.
2. Price has managed to break key resistance areas on the D1 chart and stay above them on a D1 closing basis. Trendline A-B
3. So long as 1850 keeps holding we become inclined to look for the top, ie trendline C-D....

Green Pips
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4&1 All Time Profit: $37,496
  • #4,351
  • Jun 8, 2021 6:20am Jun 8, 2021 6:20am
Next sessions levels

1884.89
1888.18
1890.22
1894.78
1896.81
1898.85
1902.15

Green Pips
4&1 All Time Profit: $37,496
  • #4,352
  • Jun 8, 2021 7:02am Jun 8, 2021 7:02am
Quoting MzansiObi
Next sessions levels 1884.89 1888.18 1890.22 1894.78 1896.81 1898.85 1902.15 Green Pips
Adding 1914.16 as Daily target to the topside....
4&1 All Time Profit: $37,496
  • #4,353
  • Jun 8, 2021 8:39am Jun 8, 2021 8:39am
Patiently waiting on a bullish H4 close......
Bulls still defending 1890 handle, Previous H1 candle showing clearly where the bears are waiting for us....but as mentioned ahead of the LO session, some consolidation at current levels to be expected given PA leading up to it...


Patience
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4&1 All Time Profit: $37,496
  • #4,354
  • Jun 8, 2021 1:56pm Jun 8, 2021 1:56pm
Quoting MzansiObi
Patiently waiting on a bullish H4 close...... Bulls still defending 1890 handle, Previous H1 candle showing clearly where the bears are waiting for us....but as mentioned ahead of the LO session, some consolidation at current levels to be expected given PA leading up to it... Patience {image}
Bullish H4 Close,
1882 tagged and rejected, still within the range but given how bulls defended current handle throughout the day, looking for a retest of the top of the range and break and close of 1902 for continuation..... Patience

1882.79
1886.31
1888.48
1892.00
1895.52
1897.69
1901.21

Green Pips
4&1 All Time Profit: $37,496
  • #4,355
  • Jun 9, 2021 3:13am Jun 9, 2021 3:13am
09/06/21


Plenty of indecision......range bound trading, may require an adjustment of position size or stop positioning till it starts going again, at this point i dont mind if its bearish or bullish, just get going i digress, back to business...
Levels for session ahead
1885.25
1891.89
1892.34
1892.78
1893.65
1893.68
1894.12
1894.57
4&1 All Time Profit: $37,496
  • #4,356
  • Jun 9, 2021 3:16am Jun 9, 2021 3:16am
Quoting MzansiObi
09/06/21 Plenty of indecision......range bound trading, may require an adjustment of position size or stop positioning till it starts going again, at this point i dont mind if its bearish or bullish, just get going i digress, back to business... Levels for session ahead 1885.25 1891.89 1892.34 1892.78 1893.65 1893.68 1894.12 1894.57
Yes time to wait n watch
P.S. Trade with the discipline of Money Management and Risk Management.
  • #4,357
  • Jun 9, 2021 8:50am Jun 9, 2021 8:50am
Quoting farukh
{quote} Yes time to wait n watch
Longs closed......

Waiting to see if we get a break and close above 1900...price capped by trendline ontop and H1 suggestive of an HnS pattern.
Current H4 candle closing in 10 minutes.....

Tranquilo.....
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4&1 All Time Profit: $37,496
  • #4,358
  • Jun 9, 2021 9:05am Jun 9, 2021 9:05am
Quoting MzansiObi
{quote} Longs closed...... Waiting to see if we get a break and close above 1900...price capped by trendline ontop and H1 suggestive of an HnS pattern. Current H4 candle closing in 10 minutes..... Tranquilo..... {image}
Small position size taken*
*Due to pair still being bullish overall....

Short
1894.28
SL 1906
TP 1866

Lets see.
4&1 All Time Profit: $37,496
  • #4,359
  • Jun 9, 2021 9:18pm Jun 9, 2021 9:18pm
Quoting MzansiObi
{quote} Small position size taken* *Due to pair still being bullish overall.... Short 1894.28 SL 1906 TP 1866 Lets see.
Neckline on H1 HnS Broken....
However price trading inside/towards D1 buy zone as such, position size and stop levels key...

Revised target at 1870.41

Well important to note that the target coincides with the H4 HnS neckline, as such shorts have got to TPs... so long as 1900 remains capped it becomes a level worth recycling to the bottom......

Levels
1861.57
1873.72
1885.42
1886.35
1887.41
1890.06
1889.55
1890.61
1891.68


*all shorts are counter trend as such caution to be exercised with them
4&1 All Time Profit: $37,496
  • #4,360
  • Jun 10, 2021 8:43am Jun 10, 2021 8:43am
Quoting MzansiObi
{quote} Neckline on H1 HnS Broken.... However price trading inside/towards D1 buy zone as such, position size and stop levels key... Revised target at 1870.41 Well important to note that the target coincides with the H4 HnS neckline, as such shorts have got to TPs... so long as 1900 remains capped it becomes a level worth recycling to the bottom...... Levels 1861.57 1873.72 1885.42 1886.35 1887.41 1890.06 1889.55 1890.61 1891.68 *all shorts are counter trend as such caution to be exercised with them
Target reached and setup complete
Now the focus is on the H4 setup, that trendline is holding steady and bulls keep defending it....
4&1 All Time Profit: $37,496
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