It's hard to tell what will happen. Sometimes one can tell if a wave cycle has most likely completed (extreme oversold or overbought situations). However, it do not believe this is possible for every scenario even though wave counters try to impose ...

$ Millionaire Traders Golden Price Mining

In at reduced position. As with the AUD long, the nearby range needs to be cleared by price for continued short momentum continuation. image

$ Millionaire Traders Golden Price Mining

Long filled. Until price has cleared the short-term range created near the level, I am setting SL to BE. image

$ Millionaire Traders Golden Price Mining

USD/CAD Now that fundamental news level volatility has subsided on this pair, shorts will have a greater chance of succeeding. Price is currently starting to form a drifting pattern toward two golden levels @ 1.2744 and 1.2776 respectively for short ...

$ Millionaire Traders Golden Price Mining

AUD/USD After a huge drop due to the AUD rate decision, downward price pressure is starting to wane near a golden level. This level also defines a long-term range boundary so we should consider this a range trade. Essentially we are seeing ...

$ Millionaire Traders Golden Price Mining

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$ Millionaire Traders Golden Price Mining

It's very common that you get another chance for short-term re-entry at a level like this. When it gets broken you should not despair but rather look for new opportunity. That is the mindset that turns BEs or losses from a level into winners. Draw ...

$ Millionaire Traders Golden Price Mining

Another BE. Incredibly strong trend. image

$ Millionaire Traders Golden Price Mining

USD/CAD Stopped out at BE on first level, reinitiated at second level. Will move to BE as well asap, since I expect a sharp pullback, if the level holds. image

$ Millionaire Traders Golden Price Mining

Took a 10 pip loss. That's why we have winners to cover them. As I said it was counter-trend but still worth a shot. Depending on PA behaviour, it might still come into play again if price looks like it will re-enter the range. Q

$ Millionaire Traders Golden Price Mining

Potential short entry: url image

EURUSD

EUR/USD Price getting heavily overbought over the long-term even though a breakout out of the long-term range seems to be in the works. Look at Jan and Aug ranges for how price respected the 1.1550 golden level. Again not a long-term short by any ...

$ Millionaire Traders Golden Price Mining

Level hit despite some ranging action. Lower golden level for the exit. When markets trend like this with regular and well-formed waves, it is easier to determine a possible exit price based on the range of past retracements. Q image

$ Millionaire Traders Golden Price Mining

Definitely a level in play. It's also got .50 fib confl. but definately a counter-trend trade. image Q

$ Millionaire Traders Golden Price Mining

EUR/USD Price breakout opens up the opportunity for longs on pullbacks around 1.1413. Would wait for price to drift up a bit further before considering this level. image

$ Millionaire Traders Golden Price Mining

USD/CAD Momentum is still down. Sharp level @ 1.2628 with H1 200 MAs and .50 fib crisply aligned for a short. image

$ Millionaire Traders Golden Price Mining

GBP/JPY The confluence is not concentrated and one is left with a pure round number trade. This might work since price is getting very oversold. For a more conservative entry, your 76.4 fib confluences really well with the first golden level around ...

$ Millionaire Traders Golden Price Mining

The key phrase here is "would have been". Hindsight is always 20/20. But predicting such a move is extremely difficult. In fact, I would say that doing so is impossible on a consistent basis. However it was absolutely possible to swing trade the ...

Building an equity millipede

I am guessing this is the golden level you initiated from? image

$ Millionaire Traders Golden Price Mining

Perfect recent example of what happens to level before and after news releases. image

$ Millionaire Traders Golden Price Mining