I spy a golden level short on the usdaud at 7689 4 hour chart. Also 200 Sma on 1h and HS forming. Thanks for the great thread ;-/
Definitely a level in play.
It's also got .50 fib confl. but definately a counter-trend trade.
Q
$ Millionaire Traders Golden Price Mining
- #541
- May 2, 2016 7:47pm May 2, 2016 7:47pm
Definitely a level in play.
It's also got .50 fib confl. but definately a counter-trend trade.
Q
- #542
- May 2, 2016 9:27pm May 2, 2016 9:27pm
{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}
Level hit despite some ranging action. Lower golden level for the exit. When markets trend like this with regular and well-formed waves, it is easier to determine a possible exit price based on the range of past retracements.
Q
- #543
- May 2, 2016 9:38pm May 2, 2016 9:38pm
EUR/USD
Price getting heavily overbought over the long-term even though a breakout out of the long-term range seems to be in the works.
Look at Jan and Aug ranges for how price respected the 1.1550 golden level. Again not a long-term short by any means.
Price getting heavily overbought over the long-term even though a breakout out of the long-term range seems to be in the works.
Look at Jan and Aug ranges for how price respected the 1.1550 golden level. Again not a long-term short by any means.
- #545
- Edited 4:57am May 3, 2016 3:48am | Edited 4:57am
- Joined Sep 2013 | Status: OTM AI IntelliWave™ Trader | 1,107 Posts
Trading in the shadow of SM
- #546
- May 3, 2016 4:02am May 3, 2016 4:02am
- Joined Sep 2013 | Status: OTM AI IntelliWave™ Trader | 1,107 Posts
Trading in the shadow of SM
- #547
- May 3, 2016 5:18am May 3, 2016 5:18am
EURAUD
overview , you can go to HTF (line) to see the reasons for my view (W/M)
H4
lowerlevel hit gap 2013.12 , also confl. with 50.0 fib
just my view
HPT
overview , you can go to HTF (line) to see the reasons for my view (W/M)
H4
lowerlevel hit gap 2013.12 , also confl. with 50.0 fib
just my view
HPT
from level to level - you need mental strength to reach the summit
- #548
- May 3, 2016 8:22am May 3, 2016 8:22am
USDJPY We are in a structure zone. I do not find confluence on higher tf / fib at this level. But the area as a whole should be good support and also in confluence with oversold USD index. {image} {image} {image}
USDJPY
MA 200 confl month
H4 lowerline 2.618 downtrend channel
green pips
HPT
from level to level - you need mental strength to reach the summit
- #551
- May 3, 2016 9:56am May 3, 2016 9:56am
USD/CAD Stopped out at BE on first level, reinitiated at second level. Will move to BE as well asap, since I expect a sharp pullback, if the level holds. {image}
Another BE.
Incredibly strong trend.
- #552
- May 3, 2016 10:02am May 3, 2016 10:02am
{quote} Broken up that level.
It's very common that you get another chance for short-term re-entry at a level like this. When it gets broken you should not despair but rather look for new opportunity. That is the mindset that turns BEs or losses from a level into winners. Draw the levels well and accurately and even short-term PA will give you pips.
Will close at touch with M15 200 MA.
- #553
- May 3, 2016 10:22am May 3, 2016 10:22am
- Joined Sep 2013 | Status: OTM AI IntelliWave™ Trader | 1,107 Posts
{quote} Hello EARLEONE USDJPY MA 200 confl month {image} H4 lowerline 2.618 downtrend channel {image} green pips HPT
I got an scalp entry at 105.50 level that was good for 40 pips . An took an longer position at 105.75 that still is running . Something was waking up the USD bulls today .
Trading in the shadow of SM
- #554
- May 3, 2016 10:29am May 3, 2016 10:29am
- Joined Sep 2013 | Status: OTM AI IntelliWave™ Trader | 1,107 Posts
Trading in the shadow of SM
- #556
- May 3, 2016 4:47pm May 3, 2016 4:47pm
AUD/USD
After a huge drop due to the AUD rate decision, downward price pressure is starting to wane near a golden level. This level also defines a long-term range boundary so we should consider this a range trade. Essentially we are seeing short-term spike and drift action.
After a huge drop due to the AUD rate decision, downward price pressure is starting to wane near a golden level. This level also defines a long-term range boundary so we should consider this a range trade. Essentially we are seeing short-term spike and drift action.
- #557
- Edited May 4, 2016 6:53am May 3, 2016 5:16pm | Edited May 4, 2016 6:53am
USD/CAD
Now that fundamental news level volatility has subsided on this pair, shorts will have a greater chance of succeeding. Price is currently starting to form a drifting pattern toward two golden levels @ 1.2744 and 1.2776 respectively for short positions. The better priced golden level @ 1.2744 is formed by the twisty price pattern where short-term ranges 'twist' around price and respect is from both the short and long side. These are the strongest.
Q
Closed out short from first level for 45 pips when it was clear that price was not breaking down through those recent highs. Initiated a second short at the second level which might get stopped out at BE. Looking to position at a point where price will likely follow through, however when price is caught between two level, BE is one's best friend. The benefit of drawing only the best levels of course is that you usually get to take a small profit or BE. It makes all the difference.
Now that fundamental news level volatility has subsided on this pair, shorts will have a greater chance of succeeding. Price is currently starting to form a drifting pattern toward two golden levels @ 1.2744 and 1.2776 respectively for short positions. The better priced golden level @ 1.2744 is formed by the twisty price pattern where short-term ranges 'twist' around price and respect is from both the short and long side. These are the strongest.
Q
Closed out short from first level for 45 pips when it was clear that price was not breaking down through those recent highs. Initiated a second short at the second level which might get stopped out at BE. Looking to position at a point where price will likely follow through, however when price is caught between two level, BE is one's best friend. The benefit of drawing only the best levels of course is that you usually get to take a small profit or BE. It makes all the difference.
- #558
- May 3, 2016 10:52pm May 3, 2016 10:52pm
AUD/USD After a huge drop due to the AUD rate decision, downward price pressure is starting to wane near a golden level. This level also defines a long-term range boundary so we should consider this a range trade. Essentially we are seeing short-term spike and drift action. {image}
Long filled. Until price has cleared the short-term range created near the level, I am setting SL to BE.
- #559
- May 3, 2016 10:56pm May 3, 2016 10:56pm
USD/CAD Now that fundamental news level volatility has subsided on this pair, shorts will have a greater chance of succeeding. Price is currently starting to form a drifting pattern toward two golden levels @ 1.2744 and 1.2776 respectively for short positions. The better priced golden level @ 1.2744 is formed by the twisty price pattern where short-term ranges 'twist' around price and respect is from both the short and long side. These are the strongest. Q {image}
