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$ Millionaire Traders Golden Price Mining

  • #881
  • Jun 9, 2016 12:48am Jun 9, 2016 12:48am
Quoting Quinton
{quote} Indeed. I would include the range on the level up to 1.1420 to include that little price knot that I marked. 61.8 fib acts as confluence. 1.4000 is also close by for a short in case a really well-formed spike & drift pattern evolves. The price reaction on 1.4000 has not been consistent though so the pattern would have to indicate a great deal of price exhaustion. For now price has turned at 1.1370 which is a golden level (formed by thick price knots and sharp price touches both long and short). Would have been a bit risky to initiate a short...

Short @ 1.1414 from one of our levels. Would not hold for long as nearby range and overall bullish momentum will likely put a stop to any bear run.

Attached Image (click to enlarge)
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  • #882
  • Jun 9, 2016 1:08am Jun 9, 2016 1:08am
Quoting Blackopal
{quote} I'm long from 1.0928. Waited and watched after it reached low, when it looked like this level may have stopped the downward momentum I entered with a tight stop set at 1.0914 {image}

What weakens the bull narrative at this point is the fact that the upper range of our golden level did not act as support just as price was attempting a move upward and price could not overcome one of the M5 200 MAs.

Q
  • #883
  • Jun 9, 2016 1:13am Jun 9, 2016 1:13am
Quoting Hpt
EURUSD my view for next golden level , you can find confl. in htf {image} HPT
Did you take a position, Hpt? Excellent level.

Q
  • #884
  • Jun 9, 2016 2:12am Jun 9, 2016 2:12am
Brent Oil

Structure and fib 61.8 for the high 2015 / Low 2016 at 53.93 and it is overbought.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XBRUSDWeekly.png Size: 17 KB
Click to Enlarge Name: XBRUSDH4.png Size: 26 KB
Trading in the shadow of SM
  • #885
  • Jun 9, 2016 2:34am Jun 9, 2016 2:34am
Quoting Earleone
Brent Oil Structure and fib 61.8 for the high 2015 / Low 2016 at 53.93 and it is overbought. {image} {image}

I have my eye on that level too, Earleone. I mentioned it as a possible indirect confluence for USD/CAD "I have drawn a level on oil at 54.02, about 1.20 above it's current level, where I believe it will hit resistance. At that point I think U/C might be down to a corresponding level of 1.26" Of course, if oil turns here it will have far more reaching impacts than a reversal in the U/C. A very important level to watch.
  • #886
  • Jun 9, 2016 2:35am Jun 9, 2016 2:35am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting Quinton
{quote} Did you take a position, Hpt? Excellent level. Q
from level to level - you need mental strength to reach the summit
  • #887
  • Jun 9, 2016 2:40am Jun 9, 2016 2:40am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting Hpt
{quote} Watch NZDUSD

NZDUSD long hit tp,..

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily pos 09.06..png Size: 53 KB


took short

green pips

HPt
from level to level - you need mental strength to reach the summit
  • #888
  • Jun 9, 2016 2:47am Jun 9, 2016 2:47am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting Hpt
USDCHF no comment {image} HPT

USDCHF

overshoot the first level, but.... , as told yesterday...

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFDaily 09.06.png Size: 40 KB



HPt
from level to level - you need mental strength to reach the summit
  • #889
  • Jun 9, 2016 2:49am Jun 9, 2016 2:49am
Quoting Blackopal
{quote} I have my eye on that level too, Earleone. I mentioned it as a possible indirect confluence for USD/CAD "I have drawn a level on oil at 54.02, about 1.20 above it's current level, where I believe it will hit resistance. At that point I think U/C might be down to a corresponding level of 1.26" Of course, if oil turns here it will have far more reaching impacts than a reversal in the U/C. A very important level to watch.

Yes, Actually oil has influence on many instruments and is imo maybe the most important instrument to keep an eye on together with the USD index. ( I trade many instruments that is correlated directly to oil like USDCAD as you mentioned. But also USDRUB, USDMXN, USDNOK , )
Trading in the shadow of SM
  • #890
  • Jun 9, 2016 3:02am Jun 9, 2016 3:02am
Quoting Quinton
{quote} Short @ 1.1414 from one of our levels. Would not hold for long as nearby range and overall bullish momentum will likely put a stop to any bear run. {image}
Exit for 37+ pips at range highs (M15 200 MAs).
  • #891
  • Jun 9, 2016 3:03am Jun 9, 2016 3:03am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting Hpt
{quote} GAP is closed , nice ride to MA220 D1 HPT

GBPUSD
someone else short ? SL to BE

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily 09.06..png Size: 38 KB


HPT
from level to level - you need mental strength to reach the summit
  • #892
  • Jun 9, 2016 3:14am Jun 9, 2016 3:14am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting Hpt
{quote}
took SL to PVT @ 1.1388

HPT
from level to level - you need mental strength to reach the summit
  • #893
  • Jun 9, 2016 3:18am Jun 9, 2016 3:18am
Quoting Hpt
{quote} GBPUSD someone else short ? SL to BE {image} HPT
I am short term cable bear .
Trading in the shadow of SM
  • #894
  • Jun 9, 2016 4:41am Jun 9, 2016 4:41am
Quoting Quinton
EUR/CHF PA on this pair shifted from tight ranges to more fluid, directional price movements around April 20. This more fluid PA is now coming close to levels generated by the those tight ranges. Both the daily simple 200 MA and a TL are acting as potential confl. factors. Price is coming down a bit fast so the secondary level should be also be considered for any long positions. {image}

Secondary level is in play. Now the issue to what extent price will be trapped between the two levels. All those confl. factors from the first level are now going to be turning into resistance.

Attached Image (click to enlarge)
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  • #895
  • Jun 9, 2016 4:48am Jun 9, 2016 4:48am
Quoting Blackopal
{quote} I added a 2nd short at .7498. It's hovering here a bit too much for my liking though. USD weakness still prevalent.

Closed one at .7435. moved SL on other to .7483 will let it run. Stopped out EUR/CHF -14 pips
  • #896
  • Jun 9, 2016 4:49am Jun 9, 2016 4:49am
USD/CAD

Similar situation as with EUR/CHF. A previous support level turns to resistance. Longs from the lower level need to be protected until that higher level is cleared. If one mines all the major golden levels from a range one really gets an almost perfect grid of where price is likely to go both for entry and management purposes.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30.png Size: 31 KB
  • #897
  • Jun 9, 2016 7:48am Jun 9, 2016 7:48am
Quoting Quinton
{quote} Secondary level is in play. Now the issue to what extent price will be trapped between the two levels. All those confl. factors from the first level are now going to be turning into resistance. {image}

Pretty much at BE with my EUR/CHF longs (one loss and a small gain to cover it). There is a cup at around 1.08955, but going to step aside and watch the action. Touch environment. The fact that price respects the levels at all during this avalanche is a testament to our mining abilities.

Q
  • #898
  • Jun 9, 2016 10:27am Jun 9, 2016 10:27am
Hi Earleone,
Do you have mq4 file of Border Ligns indicator please?
  • #899
  • Jun 9, 2016 10:42am Jun 9, 2016 10:42am
Quoting caosforex
Hi Earleone, Do you have mq4 file of Border Ligns indicator please?
No, Sorry I only have the ex4 . I know @factlover was digging after the mq4 file. So if he found maybe he gives an word here.
Trading in the shadow of SM
  • #900
  • Jun 9, 2016 10:48am Jun 9, 2016 10:48am
Thanks a lot
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