1.2539 was level that I posted a few weeks ago and it bounced nicely from it even in counter-trend conditions. Not sure if I would reinitiate so close to this point again.

$ Millionaire Traders Golden Price Mining

Usually deep below, just like that image shows. Q

$ Millionaire Traders Golden Price Mining

There is a level that price almost touched around .6994. It might work out. Q

$ Millionaire Traders Golden Price Mining

NZD/JPY Watching for bargain hunters to overextend themselves after the huge drop. Sharp level @ around 76.00 with simple H1 200 MA as confl. image

$ Millionaire Traders Golden Price Mining

Hi MisterG, I would be cautious about depending heavily on pure PA (candles, etc.) esp, in a ranging market. From your entry point you are essentially trading back into the range and a heavy area of support which is only something you want to do ...

$ Millionaire Traders Golden Price Mining

I stayed away before the JPY announcement. However, price was so overbought on some JPY pairs that entry even from lows (not golden level) resulted in profit. I would be nice if the recent drop results in another spike & drift (bearish version) to ...

$ Millionaire Traders Golden Price Mining

Very similar view. There is also another level a bit higher up. url

$ Millionaire Traders Golden Price Mining

Interesting pair. The price range 1.4187 - 1.4200 seems to have tipped price to the bearish side. Looking back at how price behaved in 2013 it makes sense. Q

$ Millionaire Traders Golden Price Mining

EUR/JPY Price becoming heavily overbought on this pair. image

$ Millionaire Traders Golden Price Mining

I had my sights set a bit lower. Here was the action before it hit. I did not take a position due to upcoming news. This kind of PA is the best. A good level + spike & drift and you have very high quality setups. image

$ Millionaire Traders Golden Price Mining

GBP/AUD There is a nice level at 1.9258 - 1.9288. Including 1.9300 would be wise due to the volatile nature of the pair and the overall turn in trend to the long side. However, over the short-term it looks like PA is following the spike & drift ...

$ Millionaire Traders Golden Price Mining

Correct. This is why we set levels beforehand and see how PA plays out afterwards. I mention this in the first post. Q

$ Millionaire Traders Golden Price Mining

Not an all around bad level, but unlikely to be hit soon after the AUD news.

$ Millionaire Traders Golden Price Mining

Took a small short on previously posted level mined from that massive range. image

$ Millionaire Traders Golden Price Mining

Also had .50 fib confl. nice scalping.

$ Millionaire Traders Golden Price Mining

url Possible shorts coming up. image

Cable Update (GBPUSD)

GBP/USD As with the long around 1.4000, I would only look for levels outside of the current range (or at the very least near the edge of the range) That price knot at 1.4730 needs to be considered and it just so happens that the daily exp. 200 MA is ...

$ Millionaire Traders Golden Price Mining

GBP/JPY To add the short-term view: There are two major price knots forming a level at @ 164.79. The lower knot has already come into play in March and April and so is a bit used but I am drawing for reference. If price makes its way to the higher ...

$ Millionaire Traders Golden Price Mining

USD/CAD I was holding out for an entry @ 1.2779. The reasons were obvious due to H1 200 MAs and the strong level. However, strong short momentum had made positioning short trend trades on retracements tricky, as they tend to be short lived. image

$ Millionaire Traders Golden Price Mining

GBP/NZD Yes, if price makes its way there without retracing all too much that level will be of interest as it was for the short trend trade from mid-March. Also good mining, Earleone on that 2.0811 - 2.0821 level. All I have to add it potential 200 ...

$ Millionaire Traders Golden Price Mining