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Quinton replied Apr 12, 2016Don't feel bad about that one. NZD/JPY PA has been grinding up in a way that even the most golden levels required quick profit taking and even then did not yield many pips. Q image
$ Millionaire Traders Golden Price Mining
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Quinton replied Apr 12, 2016If more traders understood this simple principle where would be many more profitable FX traders.
Q$ Millionaire Traders Golden Price Mining
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Quinton replied Apr 12, 2016This one is worth discussing. I did not take the trade, but there is quite a bit to be learned here. AUD/USD is obviously ranging with some previous upside momentum that may or may not be continued into the future. Either the market turns back into ...
$ Millionaire Traders Golden Price Mining
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Quinton replied Apr 12, 2016I posted similar levels on the other pairs. Might get stopped out @ BE on this short since I was expecting a slightly larger pullback. However, still a thing of beauty. Great structure on that golden level (tested from both the short and long side) ...
$ Millionaire Traders Golden Price Mining
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Quinton replied Apr 12, 2016Just to add, aside from the general nature of EUR/AUD, the recent move down into the range on April 7th and then back out of it made it clear that any long trades taken on a 2nd move back into it would be closed quickly. Our expectation for a ...
$ Millionaire Traders Golden Price Mining
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Quinton replied Apr 12, 2016Most setup on EUR/AUD are hit and run. What looks like a small bounce is actually a 30-70 pip move. They occur faster on EUR/AUD than on most other pairs and therefore most levels should be scalped not held for long (unless you have a super pure ...
$ Millionaire Traders Golden Price Mining
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Quinton replied Apr 11, 2016Absolutely. But only with the H1 confluence, which it has. A very nice bounce. image Q
$ Millionaire Traders Golden Price Mining
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Quinton replied Apr 11, 2016Since this is a counter-trend with strong downward momentum, I have mine set even lower around 1.2783. This is a tricky long to take as it is possibly oil dependent and the fact that there are many possible levels to be mined in that range. image ...
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Quinton replied Apr 11, 2016EUR/CHF Not the highest grade level. However it will be interesting to see how price behaves around 1.0911 w/ 61.8 and H4 MAs in play. Short-term PA on the M5 would be absolutely key here to take a position. Also consider the fact that we are ...
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Quinton replied Apr 11, 2016Perfect. Well done, Earlone.
I posted this area about a week ago. Good call on closing it early, as the PA was grinding down into it. Q$ Millionaire Traders Golden Price Mining
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Quinton replied Apr 11, 2016JPY Pairs With a rise in risk appetite, almost all JPY pairs are moving back into previously created ranges (both short and long-term). Q
$ Millionaire Traders Golden Price Mining
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Quinton replied Apr 11, 2016Ah, good question. It is true that that original E/A level defined here ( url ) could have been used for a re-entry. However, since it was hit once and E/A has a habit of being one of the more volatile pairs, I considered that level "consumed" and ...
$ Millionaire Traders Golden Price Mining
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Quinton replied Apr 10, 2016EUR/AUD Two levels are emerging from the major Jan/Feb range that price is heading back toward. Shorts @ 1.5358 - 1.5340 and 1.5575 - 1.5586 respectively. Both level coincide with fib confluence of .50 and .61.8. The 1.5575 level as defined by that ...
$ Millionaire Traders Golden Price Mining
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Quinton replied Apr 9, 2016This is a serious issue to consider and is why I am currently using the ICMarkets feed for charting. They have many FX exotics, major global stock indices and a few commodities. Q
$ Millionaire Traders Golden Price Mining
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Quinton replied Apr 9, 2016NZD/USD Tricky situation on this pair. There is some upward momentum over the long-term NZD/USD is trying to carve out a bottom for itself. however, it already bounced at a high level with daily 200 support. Time will tell when or if the lower ...
$ Millionaire Traders Golden Price Mining