$ Millionaire Traders Golden Price Mining

Quoting Earleone

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{quote} I hope this is not completely off topic Quinton in that case give me an message . I look and use some variants of ATR and STD dev to see oversold/bought. But has recently started to look in to ratios and as you see on attached chart. NZDUSD is almost to the pip for each leg. ( first leg is copied and pasted in for the 2 next legs) It very often comes in to confluence with fib ext 123.6 and 127.2 {image}

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Quoting Earleone

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{quote} I can not answer for Quinton. But I looked at my chart now and can tell that I used that same level mid March for my fibs too. It is an markant swing low standing out from the others and I think it is used by many traders. I dont use a more recent swing low/high on 4H tf like this that is close to an other markant swing low/high then I try to use the markant swing / high / low as done here or I will use the absolutely last swing High/low. When I am in doubt I try the different swings to see which ones fibs that is respected recently and...

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Quoting Karpa

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{quote} I agree with you I mentioned a few posts back that I first used this fibo (my reference was the inner trend line) only to discarded it but we can see clearly all the fibo's levels were respected {image}

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Quoting PayTheLimit

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interesting level in CADJPY coming up again... {image}

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Quoting factlover

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{quote} EURJPY: 125.00 yen too. GL here looks good. This one is at Fib-50, EMA-200, and super round number too. But we saw bounce from it yesterday already - what do you think, Quinton? Should we expect another bounce from a good golden level? {image}

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Quoting asgcorp

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GBP NZD going short over strong HTF reversal area don't make much sense to me. {image}

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Quoting Quinton

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{quote} I usually do not fade a level again, unless some time has elapsed. I think Friday showed us why. Price ultimately respected the 125.50 level that was formed by tight ranges that twisted around it from both the short and long side. Will review all JPY pairs tomorrow to see if an early week fade is in the cards. Q

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Quoting factlover

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{quote} CHFJPY 112.00 and 109.00 Thanks for tipping off, I looked into chfjpy too and it's also at the major key level at 112.00 which is coming from 2013. There were nice bounces from it in Mar and this week already. If it breaks this level I would expect some retrace from 109.00 which is Fib-50 and nice looking golden candidate. {image}

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Quoting Earleone

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{quote} I can not answer for Quinton. But I looked at my chart now and can tell that I used that same level mid March for my fibs too. It is an markant swing low standing out from the others and I think it is used by many traders. I dont use a more recent swing low/high on 4H tf like this that is close to an other markant swing low/high then I try to use the markant swing / high / low as done here or I will use the absolutely last swing High/low. When I am in doubt I try the different swings to see which ones fibs that is respected recently and...

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Quoting Earleone

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{quote} I hope this is not completely off topic Quinton in that case give me an message . I look and use some variants of ATR and STD dev to see oversold/bought. But has recently started to look in to ratios and as you see on attached chart. NZDUSD is almost to the pip for each leg. ( first leg is copied and pasted in for the 2 next legs) It very often comes in to confluence with fib ext 123.6 and 127.2 {image}

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Quoting genghistar

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Quoting Hpt

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{quote} GBPNZD Hi expo33 my longer view {image}

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Quoting asgcorp

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that's a wrong H4 candle distorted due to spread widening before weekend. the proper H4 is below. {image}

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Quoting Hpt

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{quote} GBPNZD level nearly hit ( shortly before weekly close ) {image} HPT

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