Would usually not take a short from a golden level that was meant for a long, unless PA is stacking cleaning in a clear trend. But it seems to be reacting.

$ Millionaire Traders Golden Price Mining

That cup in Dec. is what really gave that level its strength. Well done. Nice level at the extreme of a range. Q

$ Millionaire Traders Golden Price Mining

The retracement was good for about 50 pips. Time to dig for levels deeper within that cup that price is charging toward. The red ones in the chart below were generated by an indicator that I will be releasing hopefully shortly. image

$ Millionaire Traders Golden Price Mining

Hpt, what was your entry price for that short?

$ Millionaire Traders Golden Price Mining

The run up back into the range was very scalpable for shorts (as I posted), however the intermediate volatility made positioning a longer-term short before the fall tricky. Price is curving down parabolically and entering territory it hasn't seen in ...

$ Millionaire Traders Golden Price Mining

I don't pay all that much attention to this pair, but price is coming down a bit strong and the range that it is entering is long, which means several possible golden level candidates (harder to pick one). As you can see, the upper level @ 2.000 is ...

$ Millionaire Traders Golden Price Mining

EUR/AUD is a ranging mess. No need to squeeze water from a stone. Unless you really love doing such things. Q

$ Millionaire Traders Golden Price Mining

USD/CAD Here are the next levels to consider for shorts. Price definitely has some bullish ambitions in the near future but is re-entering the recent range that it just poked out of. PA is definately too bullish to consider the lower level for ...

$ Millionaire Traders Golden Price Mining

Down move still going strong. Even with a early entry there should have been plenty of profit to book. Q

$ Millionaire Traders Golden Price Mining

Ah yes, there is that word "predictions". Look at my first post to see what I think about that. Those who make those kinds of predictions are rarely accountable for the outcome. In fact, the really bold ones will simply wait until their ...

$ Millionaire Traders Golden Price Mining

Yes, that was a tough call. Price did ultimately settle for a level deeper in the range and hit it to the pip. I think I mentioned that I would not have been able to get long without repositioning at least one time. One could argue that due to the ...

$ Millionaire Traders Golden Price Mining

Hi Blackopal, I think you are seeing things pretty clearly (aside from the fact that we have different levels). Price is indeed coming down with quite some momentum. This is not necessarily a bad thing since when price creeps up to a level, orders ...

$ Millionaire Traders Golden Price Mining

AUD/USD PA is basing at a somewhat higher level above the recent reversal cup at a level that was defined by the twisty pattern in early May and whose significance goes back to the highs in Oct and Nov 2015. The exp. H1 200 MA is acting as confl. ...

$ Millionaire Traders Golden Price Mining

Are you talking in general or are you referring to this specific trade? Q

$ Millionaire Traders Golden Price Mining

Anybody else ride this thing down from 1.1414? Closed a bit early due to price approaching that recent range. image

EURUSD

Pretty much at BE with my EUR/CHF longs (one loss and a small gain to cover it). There is a cup at around 1.08955, but going to step aside and watch the action. Touch environment. The fact that price respects the levels at all during this avalanche ...

$ Millionaire Traders Golden Price Mining

USD/CAD Similar situation as with EUR/CHF. A previous support level turns to resistance. Longs from the lower level need to be protected until that higher level is cleared. If one mines all the major golden levels from a range one really gets an ...

$ Millionaire Traders Golden Price Mining

Secondary level is in play. Now the issue to what extent price will be trapped between the two levels. All those confl. factors from the first level are now going to be turning into resistance. image

$ Millionaire Traders Golden Price Mining

Exit for 37+ pips at range highs (M15 200 MAs).

$ Millionaire Traders Golden Price Mining

Did you take a position, Hpt? Excellent level. Q

$ Millionaire Traders Golden Price Mining