EUR/GBP Good levels to consider for longs considering the overall uptrend momentum. Higher level is formed by recent cup pattern with .50 fib and H4 MAs coming in right above it. Lower level is better formed and better priced with 61.8 fib image

$ Millionaire Traders Golden Price Mining

EUR/JPY Scalpable level with M30 200 MA, which has been respected nicely so far. image A secondary target for a short: TL + H1 200 MAs. image

$ Millionaire Traders Golden Price Mining

EUR/USD When price has already moved near the lows of such a range I usually look for internal levels within the range to make sure that price is as overbought as possible if it gets there. image

$ Millionaire Traders Golden Price Mining

USD/CHF Interesting situation on this pair. There is a massive lineup of confluence factors up ahead. Still uncertain as to what factors will pair up with which levels. .8946 - .8957 and .9900 for potential shorts. image

$ Millionaire Traders Golden Price Mining

Sharply defined golden level causing price to bounce. Moved SL to BE. Great start to the week. image

$ Millionaire Traders Golden Price Mining

Golden Level Alert v0.1 Release Play around with it and feel free to give some feedback. It is designed to only alert one time when price comes close to a golden level within a certain range (defined by the PipAlert parameter). The default setting ...

$ Millionaire Traders Golden Price Mining

There really is no point in focusing on any psychological issues until you are able to trade a method profitably on demo. Most psychological problems encountered during trading come from trading too large and not being confident in your trading. ...

$ Millionaire Traders Golden Price Mining

AUD/JPY The gap is breaking the technical picture across most pairs a bit. However, 82.46 presents a nice scalping level to take a long from. With 85.68 one of the best priced and least used golden levels to take a short from. 84.71 is a bit used ...

$ Millionaire Traders Golden Price Mining

A decent pure round number trade with TL confl. Will probably hold out for a push up to the .8200 to take a short if it comes. But I must say with the recent PA is looking toppish already as your analysis points out. Q

$ Millionaire Traders Golden Price Mining

Agreed, longer holding times and larger stops are a given with the more exotic crosses. Q

$ Millionaire Traders Golden Price Mining

There is so much opportunity in those crosses. Most traders are trying to scalp those horrible ranges on GBP/USD when there is no much more space and price flow for trades to breathe on these pairs. Most do not need the liquidity that the majors ...

$ Millionaire Traders Golden Price Mining

GBP/AUD This one was pointed out by a thread reader a few weeks ago. I repositioned the level a bit and let it sink into the range to get a better entry price. Nice price exhaustion and .50 confl. Perfect hit on Friday. A continuous opening price ...

$ Millionaire Traders Golden Price Mining

Golden breakout level for a short on a pullback: url image

Cable Update (GBPUSD)

Some of the golden level we are looking at: url image

EURUSD

GBP/USD Excellent long-term view, Hpt. Your line chart also shows why trading this pair is so difficult right now but also that a breakout is likely in the near future. That's when we look to trade from the best golden levels that this range ...

$ Millionaire Traders Golden Price Mining

Hi MoneyZilla and welcome, These kind of levels are good for a short-term pop. Right now GBP/USD is ranging so we can't expect any run away profit trades from any of these levels. I usually stay away from these unless the market is not offering any ...

$ Millionaire Traders Golden Price Mining

Good question! Since 61.8 is used only as a confluence factor but never as stand alone entry signals, price tends to be sufficient oversold when it reaches it. However, there is no reason not to focus on the 76.4 fib level since price will be even ...

$ Millionaire Traders Golden Price Mining

Very possible that if that range continues it will help create a golden level. It's still too early to tell and price would definitely have to pull back from it before we consider an entry from that area. Q

$ Millionaire Traders Golden Price Mining

.50 fib confl. added from significant highs and lows: image

$ Millionaire Traders Golden Price Mining

EUR/USD The level that it turned at had golden properties but it was hard to see and not the best priced. Ultimately price decided to bounce off of it with exp. 200 MA support. At this point, according to trend/wave theory the level @ 1.1212 is not ...

$ Millionaire Traders Golden Price Mining