Hi quartet and welcome, The level from which you took the short was not all that bad. Also, over the short/mid-term price pressure was down. However, as you see in the chart below, you traded into an even stronger level and the H4 200 MAs, which ...

$ Millionaire Traders Golden Price Mining

Above is the original chart I posted a few weeks ago. On the topic of brent vs. crude technicals. Both charts had a similar cup pattern, however price only reached the one in brent. In fact, it probably caused the bounce in crude as well. image

$ Millionaire Traders Golden Price Mining

Indeed, there are too many levels for to determine where that turn would have taken place. In fact, I had set a long entry target that did not get triggered. Q

$ Millionaire Traders Golden Price Mining

Hi factlover, Did not monitor this one, but I do not see a golden level at 166.70. The highs of that fairly dense range caused a reaction for now. image

$ Millionaire Traders Golden Price Mining

GBP/JPY Still testing the indicator and adding some features before the initial release. A "heat map" of levels (level defined by highs + lows separated by max 4 pips) reveals a nice cluster of them around 132.00 - 132.88. The levels go back to the ...

$ Millionaire Traders Golden Price Mining

My required R:R was reached without a technical target, so partial profit was taken. However, would love to see price reach 1.2984 (M5 200 MA w/ level). Not advocating a new long position at this level, but it would be great for a close out. ...

$ Millionaire Traders Golden Price Mining

Hi Fadhl, Have a look at my first post. Trading is not about predicting, but about having a statistical edge over several trades. Unfortunately, most beginners fall into this trap and bring with them the preconceived notion that prediction is ...

$ Millionaire Traders Golden Price Mining

USD/CAD Taking a small short against the parabolic up-curve. image

$ Millionaire Traders Golden Price Mining

Price did bounce almost 30 pips from the upper level but I held longer and took a 15 pip loss on a short when it pushed further through it. Reinitiated a long from the same level due to previous price stacking behaviour (great trending action). ...

$ Millionaire Traders Golden Price Mining

USD/JPY For those who love counter-trend trading. Well defined levels within that thick 2014 range. Without any additional confl. any longs would have to depend on PA alone which at the moment is crashing down toward the levels. The duration of the ...

$ Millionaire Traders Golden Price Mining

Did a fun golden level "heat map" which produced the top 30 levels with 3 pips difference between highs and lows. Price is right at a cluster of these. The largest within the long-term range. Still I agree that it would be wise to go long at a ...

$ Millionaire Traders Golden Price Mining

Correct. Going to be updating it hopefully soon. Q

$ Millionaire Traders Golden Price Mining

Absolutely. I've been testing the indicator which mined a level @ 1.1214 that was defined by the recent cup. But more than the 20 pip bounce I would not expect due to the reasons you already mentioned. image Interestingly on the M15, the indicator ...

$ Millionaire Traders Golden Price Mining

NZD/USD Both H1 200 MAs are coming together to provide confl. support to a level right below .7000. (within 10-20 pips). The level is not the absolute highest quality, however it exists right below the round numbered level allowing for a long ...

$ Millionaire Traders Golden Price Mining

A good TL and MA 200 can be enough to cause a bounce. However, I consider oil to require more PA confirmation much like a stock. In fact, most of the candle patterns come from the stock and commodities world where price momentum can be much greater ...

$ Millionaire Traders Golden Price Mining

The indicator should detect the the line automatically. Did you set the Pip alert value? I will probably update it with some refinements after the golden level "detector" indicator is released. Q

$ Millionaire Traders Golden Price Mining