$ Millionaire Traders Golden Price Mining

Quoting Quinton

Disliked

{quote} Nice mining. Tough to spot golden level, but considering how overbought price was getting over the short-term, this was definately a good setup. Great stuff, HPT! Q

Ignored

Quoting Quinton

Disliked

{quote} 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 range (not shown in chart) also help define this level, making it even more important. One strategy would be to split trade size among the two levels and/or scale into the trade. {image}

Ignored

Quoting Hpt

Disliked

{quote} UJ weekly overview see next goldenlevel @ 108.189 . look at the white tl , price now in an importend area {image} D1 shortlevel @ 113.60/113.753 works perfect {image}

Ignored

Quoting abokwaik

Disliked

GBPAUD near Weekly Support {image}

Ignored

Quoting abokwaik

Disliked

{quote} GBPAUD reacted well today. I entered a bit late as I was away. Still, closed half position at 100pips, and rest is running with BE in place. {image} A closer look from H1 {image}

Ignored

Quoting Earleone

Disliked

IMO the very round levels like 1.20. 1.30 etc are kind of golden levels by themself.

Ignored

Quoting Hpt

Disliked

{quote} update UJ used ext. - little modification - from upper level (A) to low (B) bounce back (C) to golden entry level.... and surprise surprise , nice confirmation visible in D1 H4 {image} D1 {image} HPT

Ignored

Quoting Quinton

Disliked

NZD/JPY Looking to split orders between two levels that have .50 and .61.8 fib support and 200 MA support respectively. The current drop seems to be correlated to Nikkei sell-off so a defensive approach would favor the lower level. It is also better priced for a long and somewhat better defined, esp. by that nearby range. It also has additional .50 fib support if the extension is drawn from a lower low. Since the pair is still stuck in a long-term range, I would look to book profits sooner than later. {image}

Ignored

Quoting factlover

Disliked

{quote} N/J pushed more down. Quinton, can you please comment on new possible levels? Does current area at 75.63 and Fib-50 look good enough, taking into account last sharp drop from 76 area? {image}

Ignored

Quoting Quinton

Disliked

{quote} Yes, that level look like it may carry the day so far. It's not all that golden in structure, but with .50 and very oversold price it may be used as the turning point. Took a small 15 pip loss on the long from 75.75. This happens esp. when equity weakness pulls down the JPY pairs. The pair will likely turn at a level that is defined within that nearby range. But is is hard to tell exactly which one it will be. I will not take another position for now. Luckily we don't have to win them all. Good stuff, factlover. Q

Ignored

Quoting studio1

Disliked

{image} ref AUD. I have an agenda here as I am hedging some sold x 7710 calls and already have some long deltas at 7625. Looking back at the Daily we can see 7600/7550 as strong support zone last year. 14 EMA is at .7580 bang in the middle - I have second order to go long there and all out of position at 7545

Ignored

Quoting factlover

Disliked

{quote} and it's a news day for AUD & NZD, for next several hours, here they show some extra news about auctions with high importance for NZD not seen in other calendars - in 40 min https://www.dailyfx.com/calendar

Ignored

Quoting Quinton

Disliked

{quote} studio1, I believe short option positions are underrated and something many traders should consider in addition to outright stop positions, considering the range bound nature of FX in general. I assume you are trading options on fx futures? Q

Ignored

Quoting factlover

Disliked

{quote} N/J pushed more down. Quinton, can you please comment on new possible levels? Does current area at 75.63 and Fib-50 look good enough, taking into account last sharp drop from 76 area? {image}

Ignored

Quoting raiders

Disliked

About to bounce from rising trend line, 50 fib from recent bounce, bullish divergence, over sold on 30m, 15m and very close to 1h {image}

Ignored

Quoting Quinton

Disliked

EUR/JPY The overall long-term trend is down, however the short-term action is pointing toward some upwards pressure. Long @ 126.10 - 126.21. That tight range from March 15th - 25th gave us this golden level. Both H1 200 MA are coming in for confluence and one of the H4 200 MA is also looking like it will line up with the price level (not shown in chart). I would cautiously call this a short-term trend trade due to the current upward momentum and seeming desire for this pair to break out to the upside. However, the price level @ 127.31 which was...

Ignored