Golden Levels: url image Q

EURUSD

You'd be fading the highs not the lows since 1.1458 only acted as support briefly. Again, I am not saying that you cannot fade highs profitably, but in this case you have several higher lows being formed within the long-term range (blue circle in ...

$ Millionaire Traders Golden Price Mining

AUD/JPY That one was a beauty wasn't it. Well done. It was hit to the pip with both daily 200 MAs confluencing. This is the kind of level that grows an account. Still monitoring the golden level @ 87.21 which is crisply defined. image

$ Millionaire Traders Golden Price Mining

I am only considering 130.15. If the trade does not get triggered and the market turns at 129.70, so be it, there is always another level. Btw, there are some levels that are so sharp that you could trade them blindly without considering PA and ...

$ Millionaire Traders Golden Price Mining

Hi mastapip, It's got good form. Price is now raging so I would not rely on any short price pressure to drive a trade into deep profit. It's also a bit close to price but the H1 200 MAs might come in for confluence. All in all not a bad for a ...

$ Millionaire Traders Golden Price Mining

This is the goal. The better defined, crisp and priced our golden levels are the more likely it is that exactly this will happen. Q

$ Millionaire Traders Golden Price Mining

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$ Millionaire Traders Golden Price Mining

Not the purest gold but here it is: url Correct. More gold to be mined in the other pairs. That's exactly right. If you are facing a long-term range like the one that GBP/USD is in, you will only see trending PA on the lower TFs. This ...

$ Millionaire Traders Golden Price Mining

It's on the first post. Q

$ Millionaire Traders Golden Price Mining

Short-term golden levels for scalping the range. url image

Cable Update (GBPUSD)

I don't like the top one. The other two are not bad. If you are trading within a range, always chose levels that are not only well-defined by as close to the extremes of the range as possible. The one you defined around 1.4328 (dotted line on my ...

$ Millionaire Traders Golden Price Mining

USD/CAD You guys love those long-term charts. I was eying the same area but set my levels a bit some conservatively and therefore did not enter the market. This was before the thread was created, but I took a short at the golden level below with ...

$ Millionaire Traders Golden Price Mining

FYI there is also weekly 200 MA support for the level you posted. Q

$ Millionaire Traders Golden Price Mining

No need to go back to 2014. There is a better priced level @ .9480 - .9504. It's an ok level and at this point I would consider it a candidate for a short-term scalp. So, If I were mining for a nearby level that price May-July range would have to be ...

$ Millionaire Traders Golden Price Mining

EUR/JPY There is a ton of confluence one that level. But the true golden level is to be found about 40 pips higher at 130.15 (this level essentially includes 130.00). I highlighted the ranges to show why. The major low on Jan 23 and the March/April ...

$ Millionaire Traders Golden Price Mining

Very nice abokwalk. I usually do not watch crosses like GBPAUD. However, the level is not bad and PA is getting very oversold at least on the H1. Q

$ Millionaire Traders Golden Price Mining

Welcome Earleone, And very well done. Both fibs you highlighted add confluence and therefore confidence to that golden level. Q

$ Millionaire Traders Golden Price Mining

factlover, Just to add to my previous response. Have a look at what was going on before we entered the current range on GBP/USD and compare this environment with the one we are in right now. In the beginning of March price ran up again against two ...

$ Millionaire Traders Golden Price Mining

Hi factlover, It might be, but we would be fading the lows, not highs which is usually a better approach (again, following the trend pattern). However, the 61.8 fib does come into play here, so that might give it enough juice for a push up from ...

$ Millionaire Traders Golden Price Mining

Hi Karpa, You could probably scalp many of those level for a around 10-15 pips. But at this point it would be hard to know which one would hold for 30+ pips if price were to fall back into the range that started in Jun. The longer price ranges the ...

$ Millionaire Traders Golden Price Mining