Pro7 PA trading analysis 28+GOLD | Page 151 | Metals Mine

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Pro7 PA trading analysis 28+GOLD

  • #3,001
  • Jan 15, 2021 8:24am Jan 15, 2021 8:24am
time to close fish market.
hope you have lucrative week.
wish you all great weekend, see you on Monday.
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Forex can only be understood backwards, but it must be traded forwards.
  • #3,002
  • Jan 15, 2021 11:13pm Jan 15, 2021 11:13pm
Out of interest I was just looking at the graph of ethereum a cryptocurrency, it has gone up 13 times in the past year from 80 to 1200. What investment ever gives such a return over such a short period? In the same period gold has gone up from 1450 to 1827 a 12.5 %. Seems too good to be true. Most of these things that seem to glitter when you rub under the surface there is rot.
  • #3,003
  • Jan 15, 2021 11:24pm Jan 15, 2021 11:24pm
Going back to the relationship of gold and etherium for each 1% increase in gold over the past year etherium has gone up 100%. To me I am puzzled by logic, or is it puzzled by pure greed. The quicker something rises, the quicker it falls. Speed kills and so does greed. Enjoy your weekend.
  • #3,004
  • Jan 17, 2021 10:34pm Jan 17, 2021 10:34pm
Morning Prozor. How are you today. I will be out today so probably won’t trade. Thank you for your feedback, I understand thank you.
  • #3,005
  • Jan 17, 2021 11:30pm Jan 17, 2021 11:30pm
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #3,006
  • Jan 17, 2021 11:36pm Jan 17, 2021 11:36pm
Quoting prozor7
good morning to all
Morning Prozor
Look ahead. Reste positif
  • #3,007
  • Jan 18, 2021 1:45am Jan 18, 2021 1:45am
Morning Prozor. How are you today. I have been following gold and Gbpusd today. Busy getting kids ready for the start of school tomorrow, however over zoom.
  • #3,008
  • Jan 18, 2021 1:56am Jan 18, 2021 1:56am
Hi folks,
I want to have opinion from all experts here. I had long trades opened on Gold with SL at 1820 but due to sudden fall of Gold price during the opening of Asian session my sl got it but trades were closed at 1803. Now I want to ask it is common for all the brokers or my broker have a huge sllipage. Its a big difference of 170 pips.
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  • #3,009
  • Jan 18, 2021 2:06am Jan 18, 2021 2:06am
My views from yesterday.
Gold up from 1830, now looks like it will possibly continue it path downwards to test 1813 and possibly 1763
Gbpusd down to monthly and weekly support and then possibly long again.
Lets see
  • #3,010
  • Jan 18, 2021 2:29am Jan 18, 2021 2:29am
Quoting pundit78
Hi folks, I want to have opinion from all experts here. I had long trades opened on Gold with SL at 1820 but due to sudden fall of Gold price during the opening of Asian session my sl got it but trades were closed at 1803. Now I want to ask it is common for all the brokers or my broker have a huge sllipage. Its a big difference of 170 pips. {image}
unfortunately, yes

You can't totally avoid slippage. Think of it as a variable cost of conducting business. When possible, use limit orders to get into positions that will reduce your chances of higher slippage costs.
Forex can only be understood backwards, but it must be traded forwards.
  • #3,011
  • Jan 18, 2021 2:42am Jan 18, 2021 2:42am
GOLD
as expected PA hit 1814 - 1809 and pullback to 1836
H4 indicate buy mode above 1836
breaking 1836 should move PA up to 1847 where is next resistance and if price move down pay attention to 1837 as H4 support

pay attention to 1833 where M15 finding resistance PA have a resistance cluster starting from 1833 up to 1855

I would like to see testing 1814 where I consider long - will post if or when we get there
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Forex can only be understood backwards, but it must be traded forwards.
  • #3,012
  • Jan 18, 2021 2:49am Jan 18, 2021 2:49am
all symbols H4 chart read post 3 for better understanding lines
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Forex can only be understood backwards, but it must be traded forwards.
  • #3,013
  • Jan 18, 2021 3:52am Jan 18, 2021 3:52am
Quoting prozor7
GOLD as expected PA hit 1814 - 1809 and pullback to 1836 H4 indicate buy mode above 1836 breaking 1836 should move PA up to 1847 where is next resistance and if price move down pay attention to 1837 as H4 support pay attention to 1833 where M15 finding resistance PA have a resistance cluster starting from 1833 up to 1855 I would like to see testing 1814 where I consider long - will post if or when we get there {image}
GOLD
M15 clean chat
1836 rejected and pullback to 1833
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Forex can only be understood backwards, but it must be traded forwards.
  • #3,014
  • Jan 18, 2021 4:32am Jan 18, 2021 4:32am
Quoting prozor7
{quote} GOLD M15 clean chat 1836 rejected and pullback to 1833 {image}
i think its another HNS sir ?
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  • #3,015
  • Jan 18, 2021 4:41am Jan 18, 2021 4:41am
Quoting ugank106
{quote} i think its another HNS sir ? {image}
not to worry about names and gimmicks, stick to the data and trends.
Forex can only be understood backwards, but it must be traded forwards.
  • #3,016
  • Jan 18, 2021 4:44am Jan 18, 2021 4:44am
Quoting prozor7
{quote} not to worry about names and gimmicks, stick to the data and trends.
, ummm today im not really sure like before , confused with the market , when market open in asia , i entry with sell in 28 drop into 10 but i put tp in 25 cause im going into toilet also when i bought in 15 and 17 i did closed in 21 so sad with my emotions
  • #3,017
  • Jan 18, 2021 4:56am Jan 18, 2021 4:56am
Quoting ugank106
{quote} , ummm today im not really sure like before , confused with the market , when market open in asia , i entry with sell in 28 drop into 10 but i put tp in 25 cause im going into toilet also when i bought in 15 and 17 i did closed in 21 so sad with my emotions
around 75% of the day trading time, PA stay in consolidation (range), than boom up or down.

always remember:
"plan you trade, trade you plan"

it is not important what market will do, it is important what you will do if PA go up or down
Forex can only be understood backwards, but it must be traded forwards.
  • #3,018
  • Jan 18, 2021 4:58am Jan 18, 2021 4:58am
Quoting prozor7
{quote} unfortunately, yes You can't totally avoid slippage. Think of it as a variable cost of conducting business. When possible, use limit orders to get into positions that will reduce your chances of higher slippage costs.
I understand, slippage of 20-30 pips can be accepted but its 170 pips. I think its time to change my broker.
  • #3,019
  • Jan 18, 2021 5:16am Jan 18, 2021 5:16am
Quoting prozor7
{quote} around 75% of the day trading time, PA stay in consolidation (range), than boom up or down. always remember: "plan you trade, trade you plan" it is not important what market will do, it is important what you will do if PA go up or down
alright sir my target should be better next what do you think about trading another pair sir ? ( for me ) should i try another currency ? or i just focus on gold for now ?
  • #3,020
  • Jan 18, 2021 5:17am Jan 18, 2021 5:17am
Quoting pundit78
{quote} I understand, slippage of 20-30 pips can be accepted but its 170 pips. I think its time to change my broker.
yeah brother , my uncle has 80 pips for spread and 33 for tax , i ask him to change broker , that's better option i guess
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