That daily bearish candle has me holding back on a premature long. It was a rejection of the daily exp. 200 MA. There are also a few golden level formed by recent ranges that are crisper than anything closer to current price. But I agree that ...

$ Millionaire Traders Golden Price Mining

Right on. That was the level truest to the golden level definition. Add to that factlover's TL and you had enough technical support for a nice bounce (perhaps even more). Here is the chart again with the TL. I also noted another level @ 1.4378 which ...

$ Millionaire Traders Golden Price Mining

Looks like the TL you contributed is doing its part in keeping price levitated. Q

$ Millionaire Traders Golden Price Mining

That double bottom would have me relying on short-term PA for a successful entry. Definitely would like the TL and 200 MA to be involved since this would be the second short from the level. image

$ Millionaire Traders Golden Price Mining

Took the long @ 74.64. Partial closeout at 75.00, letting the rest run, which with this pair's range is usually a good idea. image

$ Millionaire Traders Golden Price Mining

The spike and drift is playing out. Price turned at a golden level set deeper in that May 10th-12th range. Taking a loss on the first entry and re-entering at the better priced level would still yield profit but it's harder work than usual. ...

$ Millionaire Traders Golden Price Mining

Indeed. In case I didn't stress it enough, this is not the time to commit larger order sizes to any position (esp. when fading an event like the brexit). Some levels will hold, other will be broken. But the potential profit outlook in general is ...

$ Millionaire Traders Golden Price Mining

GBP/NZD Beautiful basing action on this pair from the cup. image

$ Millionaire Traders Golden Price Mining

Spike & drift pattern on the lower TF. image

$ Millionaire Traders Golden Price Mining

This is a brexit fade. Also both 200 MAs on the H4 are in play as confluence. Again, this is a short-term trading environment: Lower position size, move SL to BE rather quickly, lock in profit. Although I usually don't trade based on PA, I would ...

$ Millionaire Traders Golden Price Mining

NZD/JPY Interesting picture on this pair with price set between two golden level formed by tight ranges. Both H4 200 MAs are looking to turn from resistance to support as they cut right past the highs of the lower range. PA a bit bearish with that ...

$ Millionaire Traders Golden Price Mining

There was a bounce that was good for 100 pips, but it would have required an earlier entry. GBP/USD is in a similar relationship to GBP/JPY. Both are forming bottoming patterns but the bull run is experiencing some growing pains. In neither case ...

$ Millionaire Traders Golden Price Mining

Welcome and feel free to contribute. We can always need a few more good eyes to mine for those golden levels. Q

$ Millionaire Traders Golden Price Mining

It is in indeed a cup, which is essentially a range with a bias toward a reversal. Short-term trading is indeed the correct approach for this pair at the moment. Price has not broken away from the highs of the cup enough for me to consider entering ...

$ Millionaire Traders Golden Price Mining

Earleone, your golden level on XAU/USD is in play. Broke initially, but was good for a short-term ride up on a reload. image

$ Millionaire Traders Golden Price Mining

Welcome dominus, I posted a golden level for USD/CHF a little bit higher than your entry about a week ago here: url But the general area to short from it correct. You could have let it run a bit further but as Earleone pointed out, this was ...

$ Millionaire Traders Golden Price Mining

Yes, albeit with a smaller position. An absolute BE candidate for all for the usual reasons: First off it's counter-trend as we recently discussed. Price was also sneaking up to the level too much for my taste and then there was the related issue ...

$ Millionaire Traders Golden Price Mining

Very glad to hear that the analysis is helping. I usually do not trade oil as it tends to behave much like a stock. However, what you are proposing is a classic trend trade where we have to decide how far the retracement will go. At the moment ...

$ Millionaire Traders Golden Price Mining

Sadly, many give up before they cross this threshold. Q

$ Millionaire Traders Golden Price Mining

Excellent post Earleone. Much of this depends on the quality of the levels from which trades are taken (and by extension the win %) and the technical conditions right ahead of price as you mentioned. I usually do not risk a trade going ...

$ Millionaire Traders Golden Price Mining