Great level hunting, carolstedo. A few comments. We are in a long-term range, so we shouldn't rely on long-term trend momentum to help us out here, short or long. Accordingly, I would include some of those lower set highs in that cup at ...

$ Millionaire Traders Golden Price Mining

Thanks for bringing this one up, Hpt. It looks likely that with pair will become predictably overbought so setting one's eyes on it ahead of time is definately a good idea. Here are slightly more conservative levels which are really well formed. The ...

$ Millionaire Traders Golden Price Mining

And terrifying spreads... There was a time not long ago when you could get decent interest income from GBP/JPY longs and the other JPY crosses. I would absolutely be adding this to my toolkit and factoring the carry into how I position/exit ...

$ Millionaire Traders Golden Price Mining

If price makes its way from where it is to the 1.4750 level again that would be a very bullish sign and would require a counter-trend trading stance. Would probably consider a level formed in Dec + one of the MAs to add some confl. Not there yet. As ...

$ Millionaire Traders Golden Price Mining

Getting exotic are we? Brokers don't seem to be paying much for those carries these days. Those days seems to be over for good in today's ZIRP/NIRP world (except for ZAR/USD). Q

$ Millionaire Traders Golden Price Mining

I was referring to the tendency for USD/CHF to respect several primary and secondary golden levels over the last month or so. Just recently at the open .9731 got hit nicely. GBP/USD has mostly been stuck in the nasty range and attempting to call the ...

$ Millionaire Traders Golden Price Mining

I have dug up several other levels on this pair since price is heading toward a long-term range which gives us many potential levels to trade from but also a lot of ambiguity. The drift therefore has to be well extended and formed to take a long. PA ...

$ Millionaire Traders Golden Price Mining

AUD/USD Further easing may be planned by the RBA and the news of this caused the AUD to plunge yet again. Price is now drifting short after this drop as buyer try to make up for having missed the initial volatility and therefore sell late in order ...

$ Millionaire Traders Golden Price Mining

That golden level is holding up nicely. Not sure I would expect much of a pullback from it on Friday, though. Q

$ Millionaire Traders Golden Price Mining

Thanks for your kind words and welcome. Q

$ Millionaire Traders Golden Price Mining

Because it is only formed only by some of the highs of the range. Also it also wasn't respected from both the long and short side (unlike he 1.4400 level which has a lot of tight ranges forming it). The fact that is little "strong" confluence and ...

$ Millionaire Traders Golden Price Mining

Good cross-market analysis. Indeed, the main driver has been oil and CAD weakness not general USD weakness. Q

$ Millionaire Traders Golden Price Mining

Great post. I have a similar view. I would consider anything below 1.4380 a return back into the range and therefore the idea of a momentum driven long at that point would most likely be out of the window. 1.4400 is already quite far into the range ...

$ Millionaire Traders Golden Price Mining

GBP/AUD Possible levels to position longs on pullbacks and take advantage of clear upward momentum. I consider the first level better form that the lower one and both have .50 and 61.8 fin confl. respectively. Always be careful with this pair. I ...

$ Millionaire Traders Golden Price Mining

USD/CAD Will the H4 200 MAs give this pair a much needed retracement? The level that coincides with the MAs is ok, but I would not go so far as to say it is golden. image

$ Millionaire Traders Golden Price Mining

Small 15 pip loss on a second long attempt. Will no longer attempt longs, as I consider the level broken for now. Q

$ Millionaire Traders Golden Price Mining

PA is basing around the golden level and trying to carve out a bottom as can be seen by the higher TF candles. H4 candle closed above it and next one has formed and remains above it. image

$ Millionaire Traders Golden Price Mining

Trailed stop and gained 24 pips. Price pressure was too great for a sustained move. However, not a bad level. Q

$ Millionaire Traders Golden Price Mining

Closed out the short from the first golden level for 45 pips when it was clear that price was not going to break down those recent highs. Price is respecting both levels really well. However, in a case where price is caught between two golden levels ...

$ Millionaire Traders Golden Price Mining