{quote} There is so much opportunity in those crosses. Most traders are trying to scalp those horrible ranges on GBP/USD when there is no much more space and price flow for trades to breathe on these pairs. Most do not need the liquidity that the majors provide anyway (at least not yet).Q
$ Millionaire Traders Golden Price Mining
- #341
- Apr 17, 2016 3:47pm Apr 17, 2016 3:47pm
- Joined Feb 2014 | Status: trading bank levels | 8,143 Posts
- #344
- Apr 17, 2016 4:28pm Apr 17, 2016 4:28pm
EURGBP is in the zone people ! Weekly trendline {image} Daily {image} check it out on your charts than tell me what you think
A decent pure round number trade with TL confl. Will probably hold out for a push up to the .8200 to take a short if it comes. But I must say with the recent PA is looking toppish already as your analysis points out.
Q
- #345
- Apr 17, 2016 4:42pm Apr 17, 2016 4:42pm
AUD/JPY
The gap is breaking the technical picture across most pairs a bit. However, 82.46 presents a nice scalping level to take a long from.
With 85.68 one of the best priced and least used golden levels to take a short from. 84.71 is a bit used now, but draw it to learn from it as the level was hit beautifully last Friday.
The gap is breaking the technical picture across most pairs a bit. However, 82.46 presents a nice scalping level to take a long from.
With 85.68 one of the best priced and least used golden levels to take a short from. 84.71 is a bit used now, but draw it to learn from it as the level was hit beautifully last Friday.
- #350
- Apr 17, 2016 7:53pm Apr 17, 2016 7:53pm
AUD/JPY The gap is breaking the technical picture across most pairs a bit. However, 82.46 presents a nice scalping level to take a long from. With 85.68 one of the best priced and least used golden levels to take a short from. 84.71 is a bit used now, but draw it to learn from it as the level was hit beautifully last Friday. {image}
Sharply defined golden level causing price to bounce. Moved SL to BE. Great start to the week.
- #351
- Apr 17, 2016 8:09pm Apr 17, 2016 8:09pm
USD/CHF
Interesting situation on this pair. There is a massive lineup of confluence factors up ahead. Still uncertain as to what factors will pair up with which levels.
.8946 - .8957 and .9900 for potential shorts.
Interesting situation on this pair. There is a massive lineup of confluence factors up ahead. Still uncertain as to what factors will pair up with which levels.
.8946 - .8957 and .9900 for potential shorts.
- #353
- Apr 17, 2016 9:17pm Apr 17, 2016 9:17pm
EDDIE DAILY {image} H4 {image} Any thoughts on this one ?
EUR/USD
When price has already moved near the lows of such a range I usually look for internal levels within the range to make sure that price is as overbought as possible if it gets there.
- #355
- Apr 18, 2016 9:44am Apr 18, 2016 9:44am
EUR/GBP
Good levels to consider for longs considering the overall uptrend momentum.
Higher level is formed by recent cup pattern with .50 fib and H4 MAs coming in right above it.
Lower level is better formed and better priced with 61.8 fib
Good levels to consider for longs considering the overall uptrend momentum.
Higher level is formed by recent cup pattern with .50 fib and H4 MAs coming in right above it.
Lower level is better formed and better priced with 61.8 fib
- #359
- Apr 18, 2016 12:59pm Apr 18, 2016 12:59pm
EUR/JPY Scalpable level with M30 200 MA, which has been respected nicely so far. {image} A secondary target for a short: TL + H1 200 MAs. {image}
EUR/JPY update
Stop moved to BE for short at secondary level. This is a case where a golden level originally marked for support turns into resistance how price behaves around it helps us manage our trade.
- #360
- Apr 18, 2016 2:56pm Apr 18, 2016 2:56pm
- Joined Sep 2013 | Status: OTM AI IntelliWave™ Trader | 1,107 Posts
Trading in the shadow of SM