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$ Millionaire Traders Golden Price Mining

  • #501
  • Apr 27, 2016 1:30pm Apr 27, 2016 1:30pm
EUR/JPY

Price becoming heavily overbought on this pair.

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  • #502
  • Apr 27, 2016 3:03pm Apr 27, 2016 3:03pm
Quoting Quinton
{quote} GBP/AUD There is a nice level at 1.9258 - 1.9288. Including 1.9300 would be wise due to the volatile nature of the pair and the overall turn in trend to the long side. However, over the short-term it looks like PA is following the spike & drift pattern where a weaker move follows a strong spike caused by news. {image}
GBPAUD

1.9251 is fib ext 161.8 so some more confluence around this levels. Heavy overbought also. Far outside my volatility bands.
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Trading in the shadow of SM
  • #503
  • Apr 27, 2016 7:45pm Apr 27, 2016 7:45pm
GBPCHF: kind of exotic one but advice to check it for a short entry came from some highly sophisticated scientific scan. The scan is a courtesy of TheFxAnalyst at http://www.forexfactory.com/showthre...08#post8895508
I see now it's at key historical levels and breaking below 1.4080 may confirm bearish outlook (Fib-50 from last noticeable leg and nearby long term Fib-50 at 1.4120 may add confluence too) And I see possible golden levels in this area which may be respected.
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  • #504
  • Apr 28, 2016 2:48am Apr 28, 2016 2:48am
Hi Q and Gold miners
GBPUSD should get a quick blast into heavy resistance above with 100 Fibo Extension at 4684 61.8 Fibo Retrace at 4700 and GM 200 ma"s lets see if we get strong push down from these levels PS excuse indicators only used for diversion.
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  • #505
  • Edited 4:57am Apr 28, 2016 3:41am | Edited 4:57am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting Quinton
EUR/JPY Price becoming heavily overbought on this pair. {image}
anybody caught this waterfall, next level @ 121.83 or 121.18 ??

HPT
from level to level - you need mental strength to reach the summit
  • #506
  • Apr 28, 2016 4:48am Apr 28, 2016 4:48am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
USDJPY

this is an example how well Qs idea of leveltrading works

weekly overview posted alittle earlier

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today H4 ... caught it too ?

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HPT
from level to level - you need mental strength to reach the summit
  • #507
  • Apr 28, 2016 5:34am Apr 28, 2016 5:34am
Quoting Hpt
{quote} anybody caught this waterfall, next level @ 121.83 or 121.18 ?? HPT

I was watching it, waiting for the level to be touched, planning a short. Unfortunately it didn't quite reach the level. Would have been nice!
  • #508
  • Apr 28, 2016 7:51am Apr 28, 2016 7:51am
Quoting factlover
GBPCHF: kind of exotic one but advice to check it for a short entry came from some highly sophisticated scientific scan. The scan is a courtesy of TheFxAnalyst at http://www.forexfactory.com/showthre...08#post8895508 I see now it's at key historical levels and breaking below 1.4080 may confirm bearish outlook (Fib-50 from last noticeable leg and nearby long term Fib-50 at 1.4120 may add confluence too) And I see possible golden levels in this area which may be respected. {image}

Interesting pair. The price range 1.4187 - 1.4200 seems to have tipped price to the bearish side. Looking back at how price behaved in 2013 it makes sense.

Q
  • #509
  • Apr 28, 2016 8:26am Apr 28, 2016 8:26am
I was waiting for it for a looong time
WEEKLY
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DAILY
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H4
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Green pips ahead !
Man lie, woman lie, numbers don't
  • #510
  • Apr 28, 2016 8:33am Apr 28, 2016 8:33am
Quoting jvmv4
Hi Q and Gold miners GBPUSD should get a quick blast into heavy resistance above with 100 Fibo Extension at 4684 61.8 Fibo Retrace at 4700 and GM 200 ma"s lets see if we get strong push down from these levels PS excuse indicators only used for diversion. {image}
Very similar view. There is also another level a bit higher up.
http://www.forexfactory.com/showthre...88#post8895388
  • #511
  • Apr 28, 2016 8:38am Apr 28, 2016 8:38am
Quoting Hpt
{quote} anybody caught this waterfall, next level @ 121.83 or 121.18 ?? HPT
I stayed away before the JPY announcement. However, price was so overbought on some JPY pairs that entry even from lows (not golden level) resulted in profit.
I would be nice if the recent drop results in another spike & drift (bearish version) to the 122.00 region.

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  • #512
  • Apr 28, 2016 8:51am Apr 28, 2016 8:51am
Quoting MisterG
I was waiting for it for a looong time WEEKLY{image} DAILY {image} H4{image} Green pips ahead !

Hi MisterG,

I would be cautious about depending heavily on pure PA (candles, etc.) esp, in a ranging market. From your entry point you are essentially trading back into the range and a heavy area of support which is only something you want to do from the best golden levels and the extreme points of a range. Your last image makes a prediction where price is going to go based on PA, which is something I encourage traders not to do even though it seems to come natural.

Q
  • #513
  • Apr 28, 2016 9:38am Apr 28, 2016 9:38am
NZD/JPY

Watching for bargain hunters to overextend themselves after the huge drop. Sharp level @ around 76.00 with simple H1 200 MA as confl.


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  • #514
  • Apr 28, 2016 9:58am Apr 28, 2016 9:58am
USDCAD
1.25 level also 1.232 extension last leg. Level to put on watchlist.
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Trading in the shadow of SM
  • #515
  • Apr 28, 2016 10:01am Apr 28, 2016 10:01am
Quoting MisterG
I was waiting for it for a looong time WEEKLY{image} DAILY {image} H4{image} Green pips ahead !
Quoting Quinton
{quote} Hi MisterG, I would be cautious about depending heavily on pure PA (candles, etc.) esp, in a ranging market. From your entry point you are essentially trading back into the range and a heavy area of support which is only something you want to do from the best golden levels and the extreme points of a range. Your last image makes a prediction where price is going to go based on PA, which is something I encourage traders not to do even though it seems to come natural. Q
NZDUSD: it bounced from daily Fib-50 level at .6990 drawn from 2015-May high. And right now it's at March high at .6965 which may add more resistance, looks like it respects this level, I'm looking for short entry too
  • #516
  • Apr 28, 2016 10:11am Apr 28, 2016 10:11am
Quoting factlover
{quote} {quote} NZDUSD: it bounced from daily Fib-50 level at .6990 drawn from 2015-May high. And right now it's at March high at .6965 which may add more resistance, looks like it respects this level, I'm looking for short entry too

There is a level that price almost touched around .6994. It might work out.

Q
  • #517
  • Apr 28, 2016 10:11am Apr 28, 2016 10:11am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Friends

look at the golden levels, where are they ????

Attached Image
from level to level - you need mental strength to reach the summit
  • #518
  • Apr 28, 2016 10:14am Apr 28, 2016 10:14am
Quoting factlover
{quote} {quote} NZDUSD: it bounced from daily Fib-50 level at .6990 drawn from 2015-May high. And right now it's at March high at .6965 which may add more resistance, looks like it respects this level, I'm looking for short entry too
USDNZD
Buy low, sell high . Not overbought or oversold at this level. Just in the middle of the channel . Head and shoulders on their own are imo coinflips and the top at 38.2 could also be defined as rigth shoulder. Did not go very well. I stay flat for now.
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Trading in the shadow of SM
  • #519
  • Apr 28, 2016 10:30am Apr 28, 2016 10:30am
Quoting Hpt
Friends look at the golden levels, where are they ???? {image}
Usually deep below, just like that image shows.

Q
  • #520
  • Apr 28, 2016 10:32am Apr 28, 2016 10:32am
Quoting Earleone
USDCAD 1.25 level also 1.232 extension last leg. Level to put on watchlist. {image} {image}

1.2539 was level that I posted a few weeks ago and it bounced nicely from it even in counter-trend conditions. Not sure if I would reinitiate so close to this point again.
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