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Pro7 PA trading analysis 28+GOLD

  • #941
  • Jul 30, 2020 4:51am Jul 30, 2020 4:51am
Quoting yasserMk
prozor7 whats your opinion on gbpjpy ,my thought if it breaks 136.650 a potential buy ,136.400 a potential sell
GBPJPY price is going sideways with very slow rising up R:R is to low to trade

you analysis is good
Forex can only be understood backwards, but it must be traded forwards.
  • #942
  • Jul 30, 2020 5:05am Jul 30, 2020 5:05am
Quoting prozor7
{quote} GBPJPY price is going sideways with very slow rising up R:R is to low to trade you analysis is good
Hey,
if it breaks 136.650, then as per Daily resistance level, T1 profits should taken at 136.990.

Prozor, can you advise if I am in the right direction?
  • #943
  • Jul 30, 2020 5:15am Jul 30, 2020 5:15am
GBPUSD
PA find support on H4 1.29947 possible up to 1.30316 PA should not break this line for sell
Forex can only be understood backwards, but it must be traded forwards.
  • #944
  • Jul 30, 2020 5:17am Jul 30, 2020 5:17am
Quoting Kavneet
{quote} Hey, if it breaks 136.650, then as per Daily resistance level, T1 profits should taken at 136.990. Prozor, can you advise if I am in the right direction?
if I buy than I will close on 136.935
Forex can only be understood backwards, but it must be traded forwards.
  • #945
  • Jul 30, 2020 5:22am Jul 30, 2020 5:22am
Quoting prozor7
{quote} if I buy than I will close on 136.935
Thanks Prozor
What i am not getting is then what is the purpose of drawing weekly R/S line on H1 charts, if we are buying/selling and taking profits based on H1 chart?
Please help
  • #946
  • Jul 30, 2020 5:24am Jul 30, 2020 5:24am
EURNZD
watching 1.77262 - 1.77443 for potential short
Forex can only be understood backwards, but it must be traded forwards.
  • #947
  • Jul 30, 2020 5:32am Jul 30, 2020 5:32am
Quoting Kavneet
{quote} Thanks Prozor What i am not getting is then what is the purpose of drawing weekly R/S line on H1 charts, if we are buying/selling and taking profits based on H1 chart? Please help
hi Kavneet,
last week of the month I trade exclusively on H4 and H1 chart
if you read 3 post you will see how I calculate H4 chart
Forex can only be understood backwards, but it must be traded forwards.
  • #948
  • Jul 30, 2020 5:51am Jul 30, 2020 5:51am
NZDJPY
watching 69.613 as support for potential long
Forex can only be understood backwards, but it must be traded forwards.
  • #949
  • Jul 30, 2020 5:57am Jul 30, 2020 5:57am
Quoting prozor7
NZDJPY watching 69.613 as support for potential long
Sorry- how it is a potential buy..
Can you explain on the chart.. please
  • #950
  • Jul 30, 2020 6:06am Jul 30, 2020 6:06am
Quoting Kavneet
{quote} Sorry- how it is a potential buy.. Can you explain on the chart.. please
here
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpy.png Size: 43 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #951
  • Jul 30, 2020 6:12am Jul 30, 2020 6:12am
here with my calculations lines
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpy.png Size: 71 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #952
  • Jul 30, 2020 6:14am Jul 30, 2020 6:14am
DXY
Attached Image (click to enlarge)
Click to Enlarge Name: dxy.png Size: 60 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #953
  • Jul 30, 2020 6:17am Jul 30, 2020 6:17am
Quoting prozor7
{quote} here {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 48 KB
  • #954
  • Jul 30, 2020 6:31am Jul 30, 2020 6:31am
Quoting Kavneet
{quote} {image}
yes you are right
breaking H1 69.796 should be confirmation for buy

I don't like to wait I will take this 15 pips (if we get there) probably close 1 order and leave other to play
Forex can only be understood backwards, but it must be traded forwards.
  • #955
  • Jul 30, 2020 6:32am Jul 30, 2020 6:32am
GBPCHF
repeat yesterday pattern 1.18973 - 1.19113 potential sell
Forex can only be understood backwards, but it must be traded forwards.
  • #956
  • Jul 30, 2020 7:00am Jul 30, 2020 7:00am
Hello Prozor

NZDJPY - I am going for sell - It broke the consolidation at Daily support at 69.775 and waiting for the bearish candlestick set up to to place my trade with SL at 69.770 and TP at next Daily support -at 69.004

Can you advise me if I am on right path?

I also need your assistance on using Fibo levels the way you do it, if there is any indicator or so?

Regards
Kavneet
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 46 KB
  • #957
  • Jul 30, 2020 7:01am Jul 30, 2020 7:01am
Quoting prozor7
GBPAUD watching 1.81761 - 1.82092 as potential short
GBPAUD
fishing sell @ 1.82186
SL around 1.82312
Forex can only be understood backwards, but it must be traded forwards.
  • #958
  • Jul 30, 2020 7:23am Jul 30, 2020 7:23am
Quoting Kavneet
Hello Prozor NZDJPY - I am going for sell - It broke the consolidation at Daily support at 69.775 and waiting for the bearish candlestick set up to to place my trade with SL at 69.770 and TP at next Daily support -at 69.004 Can you advise me if I am on right path? I also need your assistance on using Fibo levels the way you do it, if there is any indicator or so? Regards Kavneet {image}
can't advise you that you are on right path simple because I think that JPY will drop and NZD rise

please read first 3 post regarding indicators.

IMHO any indicator will tell you what already happened. period.
there are no indicator on the planet that will tell you what will happen.
this is probability game, I calculate probabilities for EVERY SYMBOL, EVERY DAY spending 16 hours working sometime even more.

what you see on the screen as fibo lines are pure math nothing else.
Forex can only be understood backwards, but it must be traded forwards.
  • #959
  • Jul 30, 2020 8:05am Jul 30, 2020 8:05am
Quoting prozor7
GBPUSD PA find support on H4 1.29947 possible up to 1.30316 PA should not break this line for sell
GBPUSD
fishing pending sell @ 1.30316 tight SL
Forex can only be understood backwards, but it must be traded forwards.
  • #960
  • Jul 30, 2020 8:12am Jul 30, 2020 8:12am
Quoting prozor7
EURNZD watching 1.77262 - 1.77443 for potential short
EURNZD
fishing sell @ 1.77443
Forex can only be understood backwards, but it must be traded forwards.
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