USD/CAD An amazing lineup of factors: the exponential daily 200 MA and long-term .50 fib made price stop right before the 1.3300 area and caused it to drop 400 pips. Price remains in a range, esp. due to uncertainty in the oil market (after large ...

$ Millionaire Traders Golden Price Mining

Got something in the works... stay tuned. Q

$ Millionaire Traders Golden Price Mining

I think another member pointed this one out before it was hit on March 31. I usually like taking my long from level are nested a bit deeper in a range. Let me put it this way: Another long from there would not make for a super high probability ...

$ Millionaire Traders Golden Price Mining

There is gold to be mined within that upcoming range. Will dig in later to look for golden levels.

$ Millionaire Traders Golden Price Mining

Let me add to my previous post. There are occassion where candlestick are useful and can be used for entry. Esp, when you have a level that has already been tested a few times, like recently with EUR/USD: url Other times they are used during ...

$ Millionaire Traders Golden Price Mining

I usually do not use candlesticks since a big chunk of the move get eaten up in the confirmation pattern. However, there are patterns which I will post to the intro. Usually the best way to get a feel for price overextension is to learn from ...

$ Millionaire Traders Golden Price Mining

No problem. You might come up with slightly different levels on the same chart. Then one can compare further. Q

$ Millionaire Traders Golden Price Mining

Again, the urge is always there to predict. It's a habit you need to kill in order to become profitable. I don't say this in a condescending way at all since, it is almost a default stance that most people bring to trading. The FF threads are full ...

$ Millionaire Traders Golden Price Mining

You'd be surprised how quickly a level can get reached that "looks far away". As for as my expectations, I try to have none, as it's impossible to predict what price will do. I was already aware of that 74.00 level and the fact that it could get hit ...

$ Millionaire Traders Golden Price Mining

GBP/JPY Short-term scalping level @ 110.21 - 110.28. Those counter-trend rallies can be fast and furious. Use small size and tight stops. image

$ Millionaire Traders Golden Price Mining

EUR/JPY Long entry from this level missed by 6 pips. But market did turn in that region: url Similar strategy to be applied to this pair as with NZD/JPY. In contrast, quite a bit of confluence seems to already be lining up for a short @ 125.23 - ...

$ Millionaire Traders Golden Price Mining

NZD/JPY Those gold levels that we mined for longs are now good candidates for shorts. Here are to candidates. So far no confluence. However, 200 MAs will probably come into play and help us decide on a level. Trend trading 101 stuff: 1. wait for ...

$ Millionaire Traders Golden Price Mining

AUD/JPY long running strong at 60 pips from secondary golden level. image

$ Millionaire Traders Golden Price Mining

Still great confluence example! Q

$ Millionaire Traders Golden Price Mining

Took that long here: url A reload at the level requires a confluence factor which this TL now provides. However, PA is bearish. Expect a small scalp if anything. It's an older level now. Q image

$ Millionaire Traders Golden Price Mining

I would not take that long. First off, the PA overall is looking a bit topish, which means that even if the level is respected, you are not likely to get much profit out of the resulting move. Also, for a long, the level is not golden since it is ...

$ Millionaire Traders Golden Price Mining

I'm not seeing all to much mining opportunity within that range. At the end of the range there is a sharply defined level. However, the 2013 range produces levels just below it. In general, 2013 is quite for back though to be looking for golden ...

$ Millionaire Traders Golden Price Mining

Great to hear this! You really can learn a lot from these examples even when you don't capitalize on every opportunity. Q

$ Millionaire Traders Golden Price Mining

artico01, Thanks for contributing and welcome. However, please draw your golden levels right on the chart to define possible entry prices. Q

$ Millionaire Traders Golden Price Mining