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Golden Zone Power Mining Indicator

  • #61
  • Jul 12, 2016 3:31am Jul 12, 2016 3:31am
AUD/JPY

Price is nearing a golden level zone starting @ 79.58 dating back to 2012. The golden mining indicator confirmed this zone, generating levels right below it.
A short entry should consider the TL as well for stop loss positioning and position sizing as this trade would be heavily counter-trend in nature.

http://www.streamhedge.com/viewchart...7-12_AUDJPY_D1



>> Learn More About Golden Levels
  • #62
  • Jul 12, 2016 3:39am Jul 12, 2016 3:39am
Hi Quintin.
Thanks, when I save a template and then load the template on onother pair it sometimes works and sometimes not. Creating a new chart and loading the indicator works fine??

John
  • #63
  • Jul 12, 2016 12:24pm Jul 12, 2016 12:24pm
CAD/JPY

81.25 is confirmed by the indicator as a golden level for a short. The zone should extend to around 81.43 to account for some of the lows deeply within the range.
The simple H4 200 MA is almost perfectly aligned.

http://www.streamhedge.com/viewchart/IrVV1oJ/2016-7-12_CADJPY_H4




>> Learn More About Golden Levels
  • #64
  • Jul 13, 2016 3:15am Jul 13, 2016 3:15am
Any pair that rallied along with the SP500 has been hard to fade. Only the absolute best levels held up (GBP/JPY level was the sharpest).
One could filter the trades out during times of high equity correlation, but with some effort even during these times, pips can be gained.

Q


>> Learn More About Golden Levels
  • #65
  • Jul 13, 2016 3:31am Jul 13, 2016 3:31am
AUD/USD

Since it is harder to tell where this pair might reverse its bullish course, the area around .7522 - .7527 provides deeply set golden levels with a load of confluence factors. The lower end of this zone is confirmed by the indicator. Two golden levels exist closer to the highs @ around .7536 and should be considered for a first long attempt esp. if one of the 200 MAs confluences with it.

http://www.streamhedge.com/viewchart/cBgQpim/2016-7-13_AUDUSD_H1



>> Learn More About Golden Levels
  • #66
  • Jul 13, 2016 5:57am Jul 13, 2016 5:57am
Keep up the good job Quinton
  • #67
  • Jul 14, 2016 7:14pm Jul 14, 2016 7:14pm
Looks like a very powerful tool in banking some pips.

Quinton or anyone, im not able to get the golden level lines on the H1 chart of most currencies i have to go on to the higher time frames to see the lines like D1 or W1 but i want to trade the H1 and H4 charts.

Any idea how can i get the lines on H1 or H4?

Thanks
  • #68
  • Jul 15, 2016 3:39am Jul 15, 2016 3:39am
Quoting Usmahn
Looks like a very powerful tool in banking some pips. Quinton or anyone, im not able to get the golden level lines on the H1 chart of most currencies i have to go on to the higher time frames to see the lines like D1 or W1 but i want to trade the H1 and H4 charts. Any idea how can i get the lines on H1 or H4? Thanks
Hi Usmahn,

Are you using the vertical lines or are you generating them by switching TFs? You do need a minimum amount of high and low data points to generate the levels. Also note that you can use the settings to turn off the level generator so that you can view the generated levels from different TFs.

Q


>> Learn More About Golden Levels
  • #69
  • Jul 15, 2016 10:38am Jul 15, 2016 10:38am
I have got default settings for the indicator as you can see in the picture below

Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 112 KB


Also as you can see the eur/jpy chart above it's on the H1 time frame and no golden levels are showing but when i switch to W1 they start to show, just want them on H1 and H4.

Hope the picture helps in identifying if i am doing something wrong here.
  • #70
  • Jul 22, 2016 12:56pm Jul 22, 2016 12:56pm
Quoting Quinton
{quote} Sure, will include all this in the next version. Q >> Learn More About Golden Levels
It would be nice to have auto tracking mode for the indicator with a mode switch parameter: custom period defined by vertical lines (as it is now) or auto tracking mode when indicator takes into account last "MiningPeriod" bars defined in another parameter.
for ex. on H1 chart with MiningPeriod=480 in auto tracking mode we can always track important levels for the past 4 weeks (24hours x 20 trading days).
Thanks!
  • #71
  • Jul 26, 2016 7:25am Jul 26, 2016 7:25am
AUD/USD PA is flowing nicely, so we should expect better reaction is levels going forward. The pair is approaching a range up ahead whose outer bound is defined by a thick price knot at .7575 (the straightest row of lows in recent time). Since a short around this level would be counter to the long-term term trend and the level is located at the outer edge of the range, I would like to see some price exhaustion on the lower TFs, with some price drifting after the initial spike visible on the H4.

The more conservative short would be positioned at .7619 from the indicator generated golden levels. I would be more likely to short from this level even without extreme PA over-extension but would still book profits quickly due to the counter-trend nature of the trade. The level itself is well-defined, going back to at least April/May.


http://www.streamhedge.com/viewchart/7bvrYp0/2016-7-26_AUDUSD_H4


The recent cup pattern makes taking a long from an internal level tempting. I would only consider a long-position if the entry price crosses over with the MA 200 H4s. It is too early to tell which level will coincide with the MAs however there are two candidate zones:

http://www.streamhedge.com/viewchart/fznbeiZ/2016-7-26_AUDUSD_H4




>> Learn More About Golden Levels
  • #72
  • Jul 26, 2016 11:58am Jul 26, 2016 11:58am
Quoting Quinton
AUD/USD PA is flowing nicely, so we should expect better reaction is levels going forward. The pair is approaching a range up ahead whose outer bound is defined by a thick price knot at .7575 (the straightest row of lows in recent time). Since a short around this level would be counter to the long-term term trend and the level is located at the outer edge of the range, I would like to see some price exhaustion on the lower TFs, with some price drifting after the initial spike visible on the H4. The more conservative short would be positioned at...

Hi Q

my levels are different from your on AUDUSD H4. the golden give me 0.72213 and 0.72069. Why this diference???Help me pls

The indicator settings i have is:

Numberoflevels ----5
DistanceBtwpips ---5
Deletelevels ---true
Generatelevel ---true
Generatelevelsfrom ---lows & highs


The settings are fine?
  • #73
  • Jul 26, 2016 6:41pm Jul 26, 2016 6:41pm
Quoting Smmo
{quote} Hi Q my levels are different from your on AUDUSD H4. the golden give me 0.72213 and 0.72069. Why this diference???Help me pls The indicator settings i have is: Numberoflevels ----5 DistanceBtwpips ---5 Deletelevels ---true Generatelevel ---true Generatelevelsfrom ---lows & highs The settings are fine?
H4 and higher TFs are generally different because candles open times might be different according to broker server time.
MT4/MT5 EAs/Indicators/Alerts coder
  • #74
  • Jul 27, 2016 7:24am Jul 27, 2016 7:24am
Quoting Smmo
{quote} Hi Q my levels are different from your on AUDUSD H4. the golden give me 0.72213 and 0.72069. Why this diference???Help me pls The indicator settings i have is: Numberoflevels ----5 DistanceBtwpips ---5 Deletelevels ---true Generatelevel ---true Generatelevelsfrom ---lows & highs The settings are fine?

I used the vertical lines to get that level and then deleted them. If you set them around the range from 2016.03.09 to 2016.07.50 the level should pop up. )

Q


>> Learn More About Golden Levels
  • #75
  • Jul 27, 2016 7:37am Jul 27, 2016 7:37am
Quoting Usmahn
I have got default settings for the indicator as you can see in the picture below {image} Also as you can see the eur/jpy chart above it's on the H1 time frame and no golden levels are showing but when i switch to W1 they start to show, just want them on H1 and H4. Hope the picture helps in identifying if i am doing something wrong here.

Hi Usmahn,

You are not doing anything wrong. The levels are being generated from all the past data points so the top 5 levels will appear wherever the most highs/lows appear. This is not necessarily near where price is currently. If you zoom out and scroll back a bit you will see that the level appear slightly higher up. If you want to generated level closer to current price, then use the vertical lines around a range that price is approaching. Hope this helps.

Q



>> Learn More About Golden Levels
  • #76
  • Jul 27, 2016 8:27am Jul 27, 2016 8:27am
NICE FUNNEL!
Solutions ONLY!!!
  • #77
  • Jul 27, 2016 8:59am Jul 27, 2016 8:59am
Hi sir Quinton, i am new member to this forum, and i am following your thread and using Golden power zone indicator, i am using this indicator along with EMA at H4 time frame, i can see the trend moving very very clearly and 110% i get correct entry because of this fantastic accurate Golden power zone help me a lot, i would like to Thank you so much for this powerfully holy-grail system i gain 4566 pips in 1 month! thank you sir,
  • #78
  • Jul 27, 2016 9:37am Jul 27, 2016 9:37am
Please share the views for crudeoil as well.
  • #79
  • Jul 27, 2016 4:40pm Jul 27, 2016 4:40pm
Ty FerruFx and Q
  • #80
  • Aug 1, 2016 7:32am Aug 1, 2016 7:32am
Quinton ,your indicator is so good ,I went live and true to your words ,Mine the Golden levels ,I thank you, No stress, cheers
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