Forex Factory (https://www.forexfactory.com/forum.php)
-   Trading Systems (https://www.forexfactory.com/forumdisplay.php?f=71)
-   -   4 + 1 (Metals) strategy (https://www.forexfactory.com/showthread.php?t=922895)

MzansiObi Sep 11, 2019 11:25am | Post# 881

neckline break, enjoy ur profit pals lol
Lol the neckline has broken bud yes, but the m15 200 ema is now acting up........lets see.
Trailing becomes preferable......if it means i re enter then so be it......

hope we all managed to bag some pips

chasinpips Sep 11, 2019 11:31am | Post# 882

{quote} Lol the neckline has broken bud yes, but the m15 200 ema is now acting up........lets see. Trailing becomes preferable......if it means i re enter then so be it...... hope we all managed to bag some pips
m15 200 ema and 1H 50 ema providing some strong resistance, bears might not be done. IMO they're pushing for 1450 38.2 fibo retracement at least before another leg up.

MzansiObi Sep 11, 2019 12:06pm | Post# 883

{quote} m15 200 ema and 1H 50 ema providing some strong resistance, bears might not be done. IMO they're pushing for 1450 38.2 fibo retracement at least before another leg up.
Hey Bud, correct, it wont give up that level easily, but trust that the moment it does we will see some serious volume as it will push on and the daily bulls will have their tails in the wind. the h1 50EMA and m15 200 ema are the same thing.......JP1, correct me if im wrong please, i know you use multitude of them on your charts mate

MzansiObi Sep 11, 2019 12:09pm | Post# 884

{quote} Mehn! how you coping with this cold market?? Is it tradeable for you?? ONly got 30 pips yesterday? so hows gold for you mahn?? I think gold is waiting for thursday news. how do you see it??
Its behaving well around levels bud, so we are busy collecting them gradually. just needs is to be patient.....just look at whether something holds or folds and where its happening....

I thought you would be enjoying this

anilamil Sep 11, 2019 12:14pm | Post# 885

{quote} Its behaving well around levels bud, so we are busy collecting them gradually. just needs is to be patient.....just look at whether something holds or folds and where its happening.... I thought you would be enjoying this
what is ur TP sir? 1500? or 1504 ? or ...?

anilamil Sep 11, 2019 12:20pm | Post# 886

this pattern of gold, is same as 30 august - 2 sept , so it need more time

MzansiObi Sep 11, 2019 12:28pm | Post# 887

{quote} what is ur TP sir? 1500? or 1504 ? or ...?
we spiked toward the 96 handle but id like to see us back above 1500 on an hourly closing basis then look at going higher, the Joy about trailing the profits is i try and stay in on the move so long as it keeps moving....
I still held onto Last weeks sell orders from 1540, closed them this morning only...so its all relative Anilamil....

Jp1 Sep 11, 2019 12:32pm | Post# 888

{quote} Hey Bud, correct, it wont give up that level easily, but trust that the moment it does we will see some serious volume as it will push on and the daily bulls will have their tails in the wind. the h1 50EMA and m15 200 ema are the same thing.......JP1, correct me if im wrong please, i know you use multitude of them on your charts mate
Yep - 50ema on h1 is same as 15 200.......(m15 / 4)

and hey - i only use the ones that matter!

SurfsUp Sep 11, 2019 2:41pm | Post# 889

{quote} we spiked toward the 96 handle but id like to see us back above 1500 on an hourly closing basis then look at going higher, the Joy about trailing the profits is i try and stay in on the move so long as it keeps moving.... I still held onto Last weeks sell orders from 1540, closed them this morning only...so its all relative Anilamil....
Nice 1540 short. I am long @1495. Hope I can pick up a few points with that TP above 1500. Nice to be back trading after an extended weekend break. Looks like I missed a few short opportunities along the way. Hope all is well with everyone. Also nice to see some more traders joining in here.

MzansiObi Sep 11, 2019 3:20pm | Post# 890

{quote} Nice 1540 short. I am long @1495. Hope I can pick up a few points with that TP above 1500. Nice to be back trading after an extended weekend break. Looks like I missed a few short opportunities along the way. Hope all is well with everyone. Also nice to see some more traders joining in here.
Good to have you back bud.
I can see you have been enjoying your trading profits from past couple of months...hehehehe.

As things stand, h1 is in the process of turning bullish, its safe to say the h1 inverted head shoulders played out, PA is busy stalling around some key levels.....a good sign for bulls is price remaining above the m15 200 ema......its taken all day, also worth noting is how we close the day........

MzansiObi Sep 11, 2019 5:30pm | Post# 891

2 Attachment(s)
As things Stand
H1 in the process of flipping bullish and forming a buy zone, as such its neutral.
H4 PA currently in sell zone, testing lower band of sell zone...

H4 sell zone:1497.85 - 1505.1


Should the h1 structure play it, target would be complete at 1505/6( handle was key support when price was coming down).

Bulls need to see h4 hold onto that 200 ema on a closing basis....

Very Important to wait for levels and monitor PA at said levels

Intra day levels
Upside
1516,31
1507.11
1503.05
1498.2


Downside
1493.07
1487.12
1484.98
1479.01

1472(Extension)

Buy orders still intact from current structural support as per buy order this morning.
Click to Enlarge

Name: XAUUSDH1EOD_LI.jpg
Size: 955 KB
Click to Enlarge

Name: XAUUSDH4EODZones_LI.jpg
Size: 973 KB

00PIP Sep 11, 2019 7:17pm | Post# 892

As things Stand H1 in the process of flipping bullish and forming a buy zone, as such its neutral. H4 PA currently in sell zone, testing lower band of sell zone... H4 sell zone:1497.85 - 1505.1 Should the h1 structure play it, target would be complete at 1505/6( handle was key support when price was coming down). Bulls need to see h4 hold onto that 200 ema on a closing basis.... Very Important to wait for levels and monitor PA at said levels Intra day levels Upside 1516,31 1507.11 1503.05 1498.2 Downside 1493.07 1487.12 1484.98 1479.01 1472(Extension)...
Hey MazansiObi, can you give us some tips on how you determine your intra-day levels? Are you looking at previous support and resistance based on the wicks of candles or closes (or both)?

Ef5 Sep 11, 2019 8:00pm | Post# 893

{quote} At certain levels they are well worth a poke....... How's it bud. It's been a while
I've been well, and yourself? I've been working on coding lately so I've been a little less active in the forum, but will try to participate more here going forward.

MzansiObi Sep 11, 2019 11:36pm | Post# 894

{quote} Hey MazansiObi, can you give us some tips on how you determine your intra-day levels? Are you looking at previous support and resistance based on the wicks of candles or closes (or both)?
Hey Bud....

The intra day levels are a combination of factors based on price movement in a particular day bro, mainly horizontal support and resistance, some fibo projections and then ofcourse the emas etc, when all of these factors start to align with one another you can mark the levels out more so when one level becomes more prevalent etc....i hope this makes sense mate

Edit: yes the candle close is of more importance to me then the spikes, the spikes at times may even vary from broker to broker by alot, but the closes and opens of the candle body will most accurately match the market in most instances......
Hope this makes sense

MzansiObi Sep 11, 2019 11:47pm | Post# 895

{quote} I've been well, and yourself? I've been working on coding lately so I've been a little less active in the forum, but will try to participate more here going forward.
Been Good Mate,

Chasin pips and following the market as it treads along.....its good to have you back!


Just looking at PA at the moment....

H1 Flat, and h4 200 ema has been acting like a magnet for PA. But so long as we can stay above it and challenge the m15200 ema and close above it we may see a break of 1498, but till that happens we continue selling this h4 sell zone.....

MzansiObi Sep 12, 2019 3:14am | Post# 896

Clean break of 1498
H1 head and shoulder target at 1505 almost reached.
Next intra day target comes into play.....
We pick away at them one at a time....

MzansiObi Sep 12, 2019 4:13am | Post# 897

As Things Stand

Following sell offs from h4 lower band, price is testing the H4 upper band now.

 

  1. H1 has created a buy zone. 1495.98 - 1496.74
  2. The H1 head and shoulders range from 1487 D1 buy zone support handle is a couple of pips away from its main target, 1504/5...


As such anticipating some brief ranging or exhaustion. while the H1 Buy zone begins pushing higher to allow us to get filled.
London open bought this pair as such will look to buy dips,

What does this mean, will look for H4 sellers to drop price lower so that H1 buy setups can get filled......

Intra day wise, we still have two more upside targets to go......

Trade safe and Patiently


MzansiObi Sep 12, 2019 4:47am | Post# 898

2 Attachment(s)
Clear depiction of newly formed H1 Zones.......
H1 200 EMA(1508.74) lies just above our next intra day upside level 1507.11...

As mentioned in previous posts PA testing upper band of H4 Sell Zone......


So looking thereabouts for possible price rejection back towards H1 buy zone.
to load more longs.....


Pending Short
1508.5
SL 1512.5
TP Open
Click to Enlarge

Name: XAUUSDH112919.png
Size: 46 KB
Click to Enlarge

Name: XAUUSDH412919.png
Size: 41 KB

peyman Sep 12, 2019 7:14am | Post# 899

Eur news how could effect on gold price?

MzansiObi Sep 12, 2019 7:36am | Post# 900

Intra Day Levels Playing Out well so far.....


Bit of a bounce and indecision near the Second Upside upside level at the moment.....
H1 Buy Zone creeping higher....Upper band currently at 1499.76 lower band 1496.92


So buy dips above the 1500 mark will be another plus sign for bulls, the H1 buy zone edging close to weekly support handle.....
H4 sellers have managed to keep prices capped near yesterdays target price for the inverted head and shoulder off of the h1 chart.....



Green Pips


© Forex Factory