Pro7 PA trading analysis 28+GOLD | Page 131 | Metals Mine

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Pro7 PA trading analysis 28+GOLD

  • #2,601
  • Dec 14, 2020 8:14am Dec 14, 2020 8:14am
Hi Prozor. I am watching Gbpcad for a possible move to the downside. What do you think?
  • #2,602
  • Dec 14, 2020 8:24am Dec 14, 2020 8:24am
Prozor how long have you been trading for and how long have you been this process of selection.?
  • #2,603
  • Dec 14, 2020 8:39am Dec 14, 2020 8:39am
The Gbp crosses are all following the same pattern, as Prozor has taught us. Prozor Just like you I follow reason and logic otherwise it’s pure gambling. You have taught me so much. Thank you
  • #2,604
  • Edited 11:23am Dec 14, 2020 10:36am | Edited 11:23am
Quoting Houtbay
Prozor how long have you been trading for and how long have you been this process of selection.?
start trading in beginning 2007 in US market with "Think or Swim" trading Options until end of 2010 when US GOV. change rule ....
I was lucky to have a great teacher (mentor) and I'm trying to pass my knowledge to anyone who is willing to put there ego aside and learn.
full time trader from beginning of 2018.
I can say that I have seen all in the market and in life general.

Quoting Houtbay
Hi Prozor. I am watching Gbpcad for a possible move to the downside. What do you think?
GBP I will skip until gap is closed, hoping this will happened in next few days. I expect 1.75500 - 1.75200, then I will see.
CAD is weak now IMHO it is to risky to buy CAD (GBPCAD sell order)
pay attention to 1.70788 where PA in my calculations should return down to 1.75500....

EDIT
wrong numbers entered it should write:
1.70788 down to 1.68700 - 1.68300
Forex can only be understood backwards, but it must be traded forwards.
  • #2,605
  • Dec 14, 2020 11:02am Dec 14, 2020 11:02am
Thank you. I am where I am in terms of my trading because of you and of course my love for the process and hard work. I never give up, no matter what.
  • #2,606
  • Dec 14, 2020 11:12am Dec 14, 2020 11:12am
For me it’s more important to enjoy the journey and understand the process than the money side. The money is the off shoot of doing something well. I have never been driven by the ego and have never needed to impress anyone. Everyone is there own best friend or worst enemy.
  • #2,607
  • Dec 15, 2020 1:33am Dec 15, 2020 1:33am
Gold is a possible buy tp 1.60
  • #2,608
  • Dec 15, 2020 1:34am Dec 15, 2020 1:34am
Sorry tp 1860
  • #2,609
  • Dec 15, 2020 1:41am Dec 15, 2020 1:41am
Quoting Houtbay
Sorry tp 1860
I just came out of Gold (long) m waiting for a possible pull back and another possible long entry.
  • #2,610
  • Dec 15, 2020 1:48am Dec 15, 2020 1:48am
Hi Fourowls. I normally don’t trade gold, following out of interest. I follow Prozors approach, so I trade long term.
  • #2,611
  • Dec 15, 2020 1:52am Dec 15, 2020 1:52am
Quoting Houtbay
Hi Fourowls. I normally don’t trade gold, following out of interest. I follow Prozors approach, so I trade long term.
Fair enough...Gold is volatile but doing better with trading overall now I use the H4/Daily/weekly. I admit I still struggle holding trades longer than 1/2 day but I also admit life is getting easier the more I use the longer TF for confirmation, direction and signals....but with gold I use the Daily and H4 but should still hang around longer as I first entered yesterday at 1825.15...would have been my week's 'quota'...so I agree, starting to favour the longer term with thanks to you and Prozor! I don't need more stress in life...I need less
  • #2,612
  • Dec 15, 2020 2:30am Dec 15, 2020 2:30am
Prozors approach to trading is the most logical and reliable and consistent that I have followed. Long term trading cuts out the stress and is more profitable. Stick on this site and you will go places, there are not many better traders.
  • #2,613
  • Dec 15, 2020 2:37am Dec 15, 2020 2:37am
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #2,614
  • Dec 15, 2020 2:48am Dec 15, 2020 2:48am
Quoting prozor7
good morning to all
Morning Prozor! Welcome to the 'fish markets'...actually I love that expression...I use it to describe trading to my family....makes it sound more pleasant than it is some times...
  • #2,615
  • Dec 15, 2020 2:50am Dec 15, 2020 2:50am
Quoting Houtbay
Prozors approach to trading is the most logical and reliable and consistent that I have followed. Long term trading cuts out the stress and is more profitable. Stick on this site and you will go places, there are not many better traders.
Thankyou! I have had years of on and off stress...so many times I have traded in and out 20+ times when one trade left to run would have been soo much easier and profitable! I have ability and attitude, just need to refine my TF and style to the longer term. For you, how long do you hold a trade?
  • #2,616
  • Dec 15, 2020 3:58am Dec 15, 2020 3:58am
Close the gold trade, there is overhead resistance on a few time frames.
  • #2,617
  • Dec 15, 2020 4:35am Dec 15, 2020 4:35am
Morning Prozor. How has your day been?
  • #2,618
  • Dec 15, 2020 4:45am Dec 15, 2020 4:45am
GOLD
for me PA is in consolidation from Dec. 03 without clear picture where PA is going and it will probably stay there until the end of the year.

this week and trading for this year is over - holiday season.

if you like to trade GOLD I recommenced that trade should be FIFO (Fast In Fast Out).

pay attention to H1 1844.42 because PA is loosing buy momentum and this line is support, breaking PA should go down to 1838 - 1836
Attached Image (click to enlarge)
Click to Enlarge Name: goldh1.png Size: 53 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #2,619
  • Dec 15, 2020 4:54am Dec 15, 2020 4:54am
Quoting Houtbay
Morning Prozor. How has your day been?
sadly cash.
few scalp yesterday, no trade today.
tempted to buy NZDUSD @ 0.70718 but PA is in consolidation - two weakest currency for now.

NZD is on my radar for buy but still no signal
Forex can only be understood backwards, but it must be traded forwards.
  • #2,620
  • Dec 15, 2020 5:06am Dec 15, 2020 5:06am
GBPNZD
D1 sell
H4 buy - indicating sell mode possible push up to 1.88699 1.89047

fishing sell @ 1.88399 TP closing the gap
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
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