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$ Millionaire Traders Golden Price Mining

  • #841
  • Jun 5, 2016 11:07pm Jun 5, 2016 11:07pm
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting Quinton
{quote} NZD/USD Very nice TL lining up with those lows. For the somewhat short-term term picture: similar picture to EUR/USD in terms of the cup and where price turned recently. {image}
thanks for reply
indeed a very good thread you create
HPT
from level to level - you need mental strength to reach the summit
  • #842
  • Jun 5, 2016 11:09pm Jun 5, 2016 11:09pm
nice to see a trade I took a couple of hrs ago pop up here with the AUD/NZD, so glad I didn't take the 106.8 I'd been waiting for
  • #843
  • Jun 5, 2016 11:16pm Jun 5, 2016 11:16pm
Longs on GBP/CHF and USD/CHF. GBP/CHF long is based mostly on the tight price knots. Both trades will need to actively monitored until some technical hurdles are overcome. USD/CHF in particular needs to clear the 200 MA. Also price is only somewhat oversold.

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  • #844
  • Jun 5, 2016 11:20pm Jun 5, 2016 11:20pm
Quoting Hpt
{quote} thanks for reply indeed a very good thread you create HPT
  • #845
  • Jun 5, 2016 11:27pm Jun 5, 2016 11:27pm
GBP/USD

Do not find that the PA on this pair presents the best trading conditions. But since it is one of the majors, I'll post this somewhat golden level with TL and .50 fib confl..


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  • #846
  • Jun 6, 2016 2:30am Jun 6, 2016 2:30am
Quoting nimbinsstone
nice to see a trade I took a couple of hrs ago pop up here with the AUD/NZD, so glad I didn't take the 106.8 I'd been waiting for
Sometimes you will miss trades by waiting for the best price entries, but when you do get those bargain entries you are glad that you waited.

Q
  • #847
  • Jun 6, 2016 3:08am Jun 6, 2016 3:08am
Quoting Quinton
Longs on GBP/CHF and USD/CHF. GBP/CHF long is based mostly on the tight price knots. Both trades will need to actively monitored until some technical hurdles are overcome. USD/CHF in particular needs to clear the 200 MA. Also price is only somewhat oversold. {image} {image}
-15 pip loss on USD/CHF. +48 pips on GBP/CHF.
As I suspected, that 200 MA turned out to be a road block in the way for further gains on the USD/CHF.

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  • #848
  • Jun 6, 2016 3:35am Jun 6, 2016 3:35am
EUR/JPY

The long-term trend is still very much down and the pair just broke out of its multi-month range and is pushing back up toward the levels created by the range.

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The lower level for a short entry has 200 MA confl. on the M30 TF. However, the better price level overwhelmingly has the best confl. with .50 fib and one of the H1 200 MAs. The retracement up is happening a bit too quickly to consider the lower level a true candidate for now.

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  • #849
  • Jun 6, 2016 5:03am Jun 6, 2016 5:03am
Hi Quinton and everyone!!

My EURJPY levels are almost the same, top one is some diferent. Green pips everyone!!!
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  • #850
  • Jun 6, 2016 6:27am Jun 6, 2016 6:27am
Quoting Quinton
GBP/USD Do not find that the PA on this pair presents the best trading conditions. But since it is one of the majors, I'll post this somewhat golden level with TL and .50 fib confl.. {image}
GBPUSD: Brexit volatility is at full throttle but I think it's useful to monitor this pair. It's at 1.44 level again, technically it's still in uptrend and at low channel trendline(s) and 1.44 + Murrey median 4/8 + weekly TL still hold as support. I see Fib-50 from the last daily up-leg is here too. On daily chart the whole period from Mar 11 looks like your twisty pattern - what do you think, Quinton?
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  • #851
  • Jun 6, 2016 9:13am Jun 6, 2016 9:13am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting factlover
{quote} GBPUSD: Brexit volatility is at full throttle but I think it's useful to monitor this pair. It's at 1.44 level again, technically it's still in uptrend and at low channel trendline(s) and 1.44 + Murrey median 4/8 + weekly TL still hold as support. I see Fib-50 from the last daily up-leg is here too. On daily chart the whole period from Mar 11 looks like your twisty pattern - what do you think, Quinton? {image} {image}
Hey friend

here is just my view ,Channel, tunnel, 38.2 ex. has exact confl with 1.4284.
23.6 fib is from longtime view. little yel.lines have confl with Murray / pivot. MA 220 works as resitance

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in H1 I have a gap , .. may be a gap close ?

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HPT
from level to level - you need mental strength to reach the summit
  • #852
  • Jun 6, 2016 9:23am Jun 6, 2016 9:23am
Quoting Quinton
{quote} -15 pip loss on USD/CHF. +48 pips on GBP/CHF. As I suspected, that 200 MA turned out to be a road block in the way for further gains on the USD/CHF. {image}
Was taking a SL to on USDCHF. I have an level at .9690 , I found some confluence, Weekly Pivot S1 ( I have it at .9687 ) and fib 50 high / low May at .9698. It is heavy oversold so think I will give an try there.
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Trading in the shadow of SM
  • #853
  • Jun 6, 2016 10:29am Jun 6, 2016 10:29am
Quoting Earleone
{quote} Was taking a SL to on USDCHF. I have an level at .9690 , I found some confluence, Weekly Pivot S1 ( I have it at .9687 ) and fib 50 high / low May at .9698. It is heavy oversold so think I will give an try there. {image}
Took it on the way up . Managed to lock in BE by closing out half of position. So lets see.
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Trading in the shadow of SM
  • #854
  • Jun 6, 2016 1:35pm Jun 6, 2016 1:35pm
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
USDCHF

no comment

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HPT
from level to level - you need mental strength to reach the summit
  • #855
  • Jun 6, 2016 2:16pm Jun 6, 2016 2:16pm
Quoting carlostedo
Hi Quinton and everyone!! My EURJPY levels are almost the same, top one is some diferent. Green pips everyone!!! {image}

Excellent carlostedo! The first level I posted was hit and as expected made a nice scalp. When scanning a chart, my eyes usually fall to those thick price knots even if the levels they create are a bit further away. But your level has nice confl. and price is reacting to it. The trick is now to manage the short in an environment when other golden levels are close by.


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  • #856
  • Jun 6, 2016 2:31pm Jun 6, 2016 2:31pm
Quoting factlover
{quote} GBPUSD: Brexit volatility is at full throttle but I think it's useful to monitor this pair. It's at 1.44 level again, technically it's still in uptrend and at low channel trendline(s) and 1.44 + Murrey median 4/8 + weekly TL still hold as support. I see Fib-50 from the last daily up-leg is here too. On daily chart the whole period from Mar 11 looks like your twisty pattern - what do you think, Quinton? {image} {image}

It actually is a really big twitsy, indeed. You'd need a multi-decade TF to take advantage of it though.
There are no doubt bullish forces at work here. I am not sure that any bexit related news is going to push this pair much further down and cause a huge shift in trend direction (esp. after news that the polls favor an exit). The short-term PA however is horrible, making deciding on a level for either a short-term or longer-term hold problematic. I would certainly keep stops wider than usual on an entry at those levels.

Q
  • #857
  • Jun 6, 2016 2:57pm Jun 6, 2016 2:57pm
Quoting Earleone
{quote} Took it on the way up . Managed to lock in BE by closing out half of position. So lets see. {image} {image}


I had it drawn on my chart and the price knot that created it is well-formed. I passed on it due to it being a counter-trend trade and the level not being the absolute best for that kind of environment. However, it looks like at least a retrace is in the cards.


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  • #858
  • Jun 6, 2016 4:17pm Jun 6, 2016 4:17pm
USD/JPY

Bargain hunters coming in to buy the USD after last week's drop. Possible golden level to short from when the longs get crowded. Hard to tell if M30 or H@ 200 MA will come into play for confl. (depends on on quickly price can make its way to the level). .50 fib confl. is present.

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  • #859
  • Jun 6, 2016 4:36pm Jun 6, 2016 4:36pm
AUD/US 4HR

Will be looking at the interest rates to spike this into the 200MA/ 38.2 Fib today
coincides with the 161 fib out of the recent low also.
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  • #860
  • Jun 6, 2016 10:28pm Jun 6, 2016 10:28pm
Quoting Quinton
EUR/JPY The long-term trend is still very much down and the pair just broke out of its multi-month range and is pushing back up toward the levels created by the range. {image} The lower level for a short entry has 200 MA confl. on the M30 TF. However, the better price level overwhelmingly has the best confl. with .50 fib and one of the H1 200 MAs. The retracement up is happening a bit too quickly to consider the lower level a true candidate for now. {image}

An absolutely stunning result. The two levels I posted along with carlostedo's defined all three counter-trend retracements. Scalped the last one and closed quickly as previous resistance turned to support rather quickly.

Q


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