It broke through the first level a bit but with a wide enough stop this one was more than tradable (which should always be the approach anyway with GBP/JPY) Q

$ Millionaire Traders Golden Price Mining

EUR/USD Posting this chart again with updated PA, which is getting fairly oversold over the short-term and heading toward a concentrated area of confluence. Watch out for German news release and USD oil inventories. I am looking for these to have a ...

$ Millionaire Traders Golden Price Mining

Not a trade signal but what a beauty of a short on EUR/NOK. image

$ Millionaire Traders Golden Price Mining

That trend line you posted is looking to possibly confl. with a golden level along with the .50 fib. The entry target would essentially be 1.4900. PA is not the best, so I would have to monitor PA as it approaches the level. Q image

$ Millionaire Traders Golden Price Mining

Indeed, from the short-term TF oversold/-bought conditions I usually don't expect a large bounce and assume that the trade is going to be a scalp. If the analysis comes from short-term factors, then the entire nature of the trade tends to be such as ...

$ Millionaire Traders Golden Price Mining

Hope you reaped the rewards of your analysis. Those recent thick ranges did the trick. Q

$ Millionaire Traders Golden Price Mining

Hi spyderforex, I have had other requests for a more interactive setting via group video chat to discuss the method in live conditions, etc. I'm a bit busy these days, but should be able to fit in some short sessions into the day if enough of you ...

$ Millionaire Traders Golden Price Mining

Price is ranging a bit too close in front of 9953 for my taste. Will only be considering the parity trade atm. A slightly more daring approach would of course be an order split between the two levels. Q

$ Millionaire Traders Golden Price Mining

There is quite a bit of drift in the PA at the moment in the form of a nascent wedge. If price continues to develop this way it will be overbought by the time it gets to those levels formed by the price knots. Q image

$ Millionaire Traders Golden Price Mining

I usually don't like relying all too much on trends, however, that level turning from support to resistance made for a nice scalp. Q image

$ Millionaire Traders Golden Price Mining

It was oversold enough for a short-term bounce. However, sometimes that bounce is enough just to get out at BE (as in this case) or take some profit. As I mentioned, that TL that turned into resistance was the hurdle and it turned out to be the ...

$ Millionaire Traders Golden Price Mining

Nice sharp and crisp golden level leading to 50 pips. And the week is still young! image

$ Millionaire Traders Golden Price Mining

In @ 109.36. The TL did not act as confl. but is now a good indicator whether or not the move will follow through. I'm at BE until it gets broken to the upside. image

$ Millionaire Traders Golden Price Mining

USD/JPY To go along with the GBP/JPY analysis, there is a classic pullback setup for a long @ 109.39 with both H1 200 MAs and TL in sharp alignment. image

$ Millionaire Traders Golden Price Mining

GBP/JPY This pair is currently forming a rounded bottom, so therefore longs are favored. Both 158.38 for an early entry and 158.00 are well-formed golden levels. With H1 100 MA confluence on 158.38 and H4 200 MA confl. on 158.00. The MAs are trend ...

$ Millionaire Traders Golden Price Mining

I actually see some potential scalping levels further up, however, I see nothing all that golden about 1.4450 to be honest. Q

$ Millionaire Traders Golden Price Mining

USD/CAD The Exp. Daily 200 MA is doing enough on its own to stop price from pushing up to your zone, however, 1.3236 is definately a great level with great price knots forming it. Currently monitoring the following pullback level for longs @ 1.2955 ...

$ Millionaire Traders Golden Price Mining

GBP/USD Last's week's best golden level @ 1.4400 looking to get revived for a long scalp by MA and TL confluence. image

$ Millionaire Traders Golden Price Mining

Absolutely, that's why I mentioned parity. If price moves at the same rate is have been with few or no major retracements, 1.000 is definately a candidate for a short. Q

$ Millionaire Traders Golden Price Mining

EUR/GBP The level is ok, the confl. is better. I would focus on really good PA to enter a long from it since it will be counter-trend. Looking at a short scalp at the beginning of the week at this level: image

$ Millionaire Traders Golden Price Mining