Golden level hit but PA is too aggressively short so will half position. image

$ Millionaire Traders Golden Price Mining

Love when levels get hit almost to the pip. image

$ Millionaire Traders Golden Price Mining

Took an early short around the exp. 200 MA @ 158.27. Glad I did since those early april lows slowed price down, causing it to stop just short of the golden level. 116+ pips. Out at the .50 fib. Q image

$ Millionaire Traders Golden Price Mining

Hi Ziggy and thank you for the kind words. The goal was to create a high quality thread that would stand the test of time on FF. Q

$ Millionaire Traders Golden Price Mining

PayTheLimit, welcome to the new thread. Always good to have you. Definitely an area of congestion that price will likely have trouble pushing through. It's positioning the short-term trades that is more difficult when counter-trend ...

$ Millionaire Traders Golden Price Mining

That short momentum is strong and is going to require a good level in order to counter-trend trade it. At this point, I am on the side-lines with USD/CAD. I usually go into the monthly or weekly TF when I intend to hold the trades a bit longer. ...

$ Millionaire Traders Golden Price Mining

AUD/USD More entries on possible pullbacks to .7732 and .7713. We'll see if the exponential 200 MA catches up to the higher level and acts as an additional confluencing factor to to fib .50. image

$ Millionaire Traders Golden Price Mining

Yes, I think I posted it a few days ago. This is where good trade management comes into play. The H4 200 MAs and the .50 fib already slowed down the downside momentum. This is good. On the not so good side is the fact that these support factors ...

$ Millionaire Traders Golden Price Mining

25 pip scalp from this level. Once price starts ranging right in front of the level, the bounces away from them tend to be shorter. image

$ Millionaire Traders Golden Price Mining

Different ways to skin this cat. Glad you found something that works for you. Now back to golden level mining. Q

$ Millionaire Traders Golden Price Mining

NZD/USD The current environment with upward momentum should have us looking for pullbacks to golden support levels and any confluence factors. In this case .6925 - .6928 looks to be the next level to consider for a long position. image

$ Millionaire Traders Golden Price Mining

GBP/JPY Welcome sajidkust. That's the general idea. In terms of where the second move will take us (if it occurs), it will probably be around 155.40 which would either serve as an exit signal for a short or as an entry for a long. image

$ Millionaire Traders Golden Price Mining

That level has a bit of golden color to it. Q

$ Millionaire Traders Golden Price Mining

GBP/JPY Massive resistance area at golden level @ 158.44 with 61.8 and H4 200 MAs confluencing. Pair seems to be basing long-term, but is still experiencing enough downward pressure over the short-mid term. 158.57 for a secondary short area. image

$ Millionaire Traders Golden Price Mining

Interesting level not without merit. Looking more closely at the range that created it, the level is better suited to be traded from the long side, due to the well defined highs right below it and the cup formation. But your fib levels might just ...

$ Millionaire Traders Golden Price Mining

NZD/JPY Primary and secondary targets for shorts. We are essentially fading the long-term range that started at the beginning of the year. Right now it looks like this pair is being driven by equity strength not currency specific news. Watch the ...

$ Millionaire Traders Golden Price Mining

I'll clarify. Just draw your horizontal levels as usual. The indicator will detect them. PipAlert specifies how far before price gets to the level you will be alerted. Q

$ Millionaire Traders Golden Price Mining

EUR/JPY update Stop moved to BE for short at secondary level. This is a case where a golden level originally marked for support turns into resistance how price behaves around it helps us manage our trade. image

$ Millionaire Traders Golden Price Mining

EUR/USD Added a lower level to take a short from since H1 200 MA looks to be aligning itself with it and it has short-term .50 fib confl.. However considering the slight uptrend, the level within the range is more conservative.

$ Millionaire Traders Golden Price Mining

10 pip SL hit. Monitoring for price to reach into MAs before considering any additional short. Q

$ Millionaire Traders Golden Price Mining