Disliked{quote} Quinton and friends of this thread, I'd like to suggest a simple obvious improvement to the golden mining process. It would be great to have a separate dedicated thread for each pair which deserves attention. So it would be much easier to track all related posts and monitor it in real time. Quinton, if you like the idea, can you please start new threads for your pairs of interest, named for ex. "Golden Levels: EURUSD", "Golden Levels: AUDUSD", etc. And you can continue to use this original thread for your common announcements and educational...Ignored
$ Millionaire Traders Golden Price Mining
EJ H1 seeing this waterfall , preffering the 123.65 level {image}
So if we see the break of 122 we may expect at least 120.6 (Fib-1.236) and then up to 118.2 (Fib-1.618)
Anyway I'm looking for a good entry short toward round golden level at 122
- #203
- Apr 7, 2016 5:40am Apr 7, 2016 5:40am
Hi guys! Today I'm waiting for this level on the AUDUSD. Fist idea is a counter trend trade but only if the candle bar support this idea. Opinion guys? {image}
Not bad.
I hope you took it from the lows as the level's reach did extend a bit lower (as defined by the March "twisty" and recent April range).
- #204
- Apr 7, 2016 6:26am Apr 7, 2016 6:26am
{quote} that vision was most adequate, but now we're even lower at 123 level. Testing and even breaking of prev. major low at 122 looks very logical. Check daily EJ chart - most such sharp drops ended with new lows in the past: Oct-2014, Jan-2015, Mar-2015, Aug-2015, Dec-2015. And most of new lows was at Fib 1.236, then some around Fib-1.5-1.618. So if we see the break of 122 we may expect at least 120.6 (Fib-1.236) and then up to 118.2 (Fib-1.618) Anyway I'm looking for a good entry short toward round golden level at 122
I agree , with your explanation, but thats what I see in the moment , ... we will have targets (levels) down there -- lets price come to us
PS: set sl Long to BE
from level to level - you need mental strength to reach the summit
- #206
- Apr 7, 2016 6:51am Apr 7, 2016 6:51am
Great thread Quinton! I have been watching from the start and have put it at the top of my watch list. When I get time I intend to copy all of these great charts and organize them into a file for constant reference.
You really can learn a lot from these examples even when you don't capitalize on every opportunity.
Q
- #208
- Apr 7, 2016 7:10am Apr 7, 2016 7:10am
{quote} Hi, I agree , with your explanation, but thats what I see in the moment , ... we will have targets (levels) down there -- lets price come to us {image} PS: set sl Long to BE
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 levels. I would definately look toward the edge of the range or beyond it for opportunities to ensure that price is oversold when it reach a level.
Not a clear cut situation by any means and definately not where the best pips are to be had.
Q
Hi guys! Today I'm waiting for this level on the AUDUSD. Fist idea is a counter trend trade but only if the candle bar support this idea. Opinion guys? {image}
Simplicity is the ultimate in sophistication ~ Leonardo Da Vinci
- #211
- Apr 7, 2016 11:34am Apr 7, 2016 11:34am
- Joined Apr 2015 | Status: Trader | 1,082 Posts
Hello out there,
i have a question to oil WTI. In H4 EMA/SMA 200 confluence and a nice support line. Would anybody trade it not and why? Im indicision
i have a question to oil WTI. In H4 EMA/SMA 200 confluence and a nice support line. Would anybody trade it not and why? Im indicision
(.)(.) think first ...
- #212
- Apr 7, 2016 2:30pm Apr 7, 2016 2:30pm
Hello out there, i have a question to oil WTI. In H4 EMA/SMA 200 confluence and a nice support line. Would anybody trade it not and why? Im indicision
WTI, Gold and other commodities are very volatile and move much like stocks at times. I would only enter trades on these if the setup is super clean and clear.
Q
I have another chart to share, GBPUSD. I find this levels right now so I couldn't open a postion yesterday. I prefer trade the second level becouse was formed in a range period. What do you think about the levels guys?
- #214
- Apr 7, 2016 6:12pm Apr 7, 2016 6:12pm
Took that long here:
http://www.forexfactory.com/showthre...05#post8857305
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
http://www.forexfactory.com/showthre...05#post8857305
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
- #217
- Apr 7, 2016 7:01pm Apr 7, 2016 7:01pm
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 breakout from range 2. wait for pullback leading to short-term overbought condition 3. enter in the direction of the trend.
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 breakout from range 2. wait for pullback leading to short-term overbought condition 3. enter in the direction of the trend.
- #218
- Apr 7, 2016 9:13pm Apr 7, 2016 9:13pm
EUR/JPY
Long entry from this level missed by 6 pips. But market did turn in that region:
http://www.forexfactory.com/showthre...74#post8859674
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 - 125.30. .50 fib and at least one of the hourly 200 MAs could line up with this level.
Long entry from this level missed by 6 pips. But market did turn in that region:
http://www.forexfactory.com/showthre...74#post8859674
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 - 125.30. .50 fib and at least one of the hourly 200 MAs could line up with this level.
