Pro7 PA trading analysis 28+GOLD | Page 175 | Metals Mine

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Pro7 PA trading analysis 28+GOLD

  • #3,481
  • Feb 10, 2021 1:42pm Feb 10, 2021 1:42pm
Last trade possibly buying nzdusd. Tp 0.72600
  • #3,482
  • Feb 10, 2021 4:30pm Feb 10, 2021 4:30pm
Quoting Houtbay
Last trade possibly buying nzdusd. Tp 0.72600
Hey man,
Some words of advice from a guy who's been in this trading space for abt 7years now.

You need to focus on just a few pairs tbh.
Perhaps one, two or three pairs/instruments max.
Understand how they move, how much on avg it retraces after a major motive move, when does it move a lot, during which session etc.

Stop jumping back and forth between different pairs.
Stop trying to force a trade.

And if you're gonna say stuff like "possible buy or sell on so and so pair", provide some sort of justification for why you believe so, what time frame youre looking at, when your directional bias will be nullified, at what price etc.

At least then other people can chime/critique in with their own views/analysis.
  • #3,483
  • Feb 10, 2021 11:02pm Feb 10, 2021 11:02pm
Torontom please could you give me a trade example today from you side, how you assess a particular trade. Many thanks
  • #3,484
  • Feb 11, 2021 12:08am Feb 11, 2021 12:08am
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #3,485
  • Feb 11, 2021 12:26am Feb 11, 2021 12:26am
Goodmorning all..let's trade gold..dxy inching lower could help gold pop back up. Therefore I'm taking a long from 1837 to 1850 sl 1830. Happy hunting to all.
  • #3,486
  • Feb 11, 2021 1:04am Feb 11, 2021 1:04am
Quoting petehnm
Goodmorning all..let's trade gold..dxy inching lower could help gold pop back up. Therefore I'm taking a long from 1837 to 1850 sl 1830. Happy hunting to all.

like your style, simple and easy, well done and welcome
Forex can only be understood backwards, but it must be traded forwards.
  • #3,487
  • Feb 11, 2021 1:13am Feb 11, 2021 1:13am
Quoting prozor7
{quote} like your style, simple and easy, well done and welcome
Thank you appreciate it. Decided to take what I got closed at 1843..not a big fan of the Frankfurt hour I'll re evaluate at London open.
  • #3,488
  • Feb 11, 2021 1:19am Feb 11, 2021 1:19am
Quoting petehnm
{quote} Thank you appreciate it. Decided to take what I got closed at 1843..not a big fan of the Frankfurt hour I'll re evaluate at London open.
lol
I enter short @ 1843
TP 1824
SL 1849
Forex can only be understood backwards, but it must be traded forwards.
  • #3,489
  • Feb 11, 2021 1:26am Feb 11, 2021 1:26am
Quoting prozor7
{quote} lol I enter short @ 1843 TP 1824 SL 1849
Lol...
Right on!!!
1843
1840 tp
1845 sl
If tp gets hit by London I might reverse or just call it a night.
Good luck to you brother.
  • #3,490
  • Feb 11, 2021 1:36am Feb 11, 2021 1:36am
AUD
H4 entering buy mode on all symbols

PS
protect yours orders because AUD hitting resistance few days back where we exit long
Forex can only be understood backwards, but it must be traded forwards.
  • #3,491
  • Feb 11, 2021 1:44am Feb 11, 2021 1:44am
Quoting petehnm
..dxy inching lower could help gold pop back up. ...
DXY
have a gap @ 90.923 I thing it is a time to close it?

that will give GOLD nice push down to 1824
Forex can only be understood backwards, but it must be traded forwards.
  • #3,492
  • Feb 11, 2021 1:53am Feb 11, 2021 1:53am
Quoting prozor7
{quote} DXY have a gap @ 90.923 I thing it is a time to close it? that will give GOLD nice push down to 1824
DXY is definitely trying to make its way up.
If London can keep the momentum going on gold going down, I'll split the difference between your 1824 and my 1840 an move my tp to 1832.
  • #3,493
  • Feb 11, 2021 2:02am Feb 11, 2021 2:02am
Gbpusd entering sell mode on 4 hour and daily.
  • #3,494
  • Feb 11, 2021 2:11am Feb 11, 2021 2:11am
Should've gone a little higher on the sl..I'm out good night.
  • #3,495
  • Feb 11, 2021 2:37am Feb 11, 2021 2:37am
Quoting prozor7
{quote} DXY have a gap @ 90.923 I thing it is a time to close it? that will give GOLD nice push down to 1824
I see you still holding on to your sells. I’m just waiting for H4 to break close below the 50EMA.
Look ahead. Reste positif
  • #3,496
  • Feb 11, 2021 3:03am Feb 11, 2021 3:03am
Quoting Serve
{quote} I see you still holding on to your sells. I’m just waiting for H4 to break close below the 50EMA.
I can't emphasize how important 1842 is and PA will not give up easily look D1 H4 H1 charts

and you have 2 lines
1. @ 1845 D1 resistance
2. @ 1841 H4 support
Forex can only be understood backwards, but it must be traded forwards.
  • #3,497
  • Feb 11, 2021 4:14am Feb 11, 2021 4:14am
Hi Prozor on my charts I see more momentum upwards than downwards at the moment. It’s obviously my opinion.
  • #3,498
  • Feb 11, 2021 4:16am Feb 11, 2021 4:16am
Quoting prozor7
{quote} I can't emphasize how important 1842 is and PA will not give up easily look D1 H4 H1 charts and you have 2 lines 1. @ 1845 D1 resistance 2. @ 1841 H4 support
Yeah that’s correct.
Look ahead. Reste positif
  • #3,499
  • Feb 11, 2021 5:26am Feb 11, 2021 5:26am
Quoting Houtbay
Hi Prozor on my charts I see more momentum upwards than downwards at the moment. It’s obviously my opinion.
my advice to you is: always trust yourself
Forex can only be understood backwards, but it must be traded forwards.
  • #3,500
  • Feb 11, 2021 7:15am Feb 11, 2021 7:15am
USDCAD
this should be interesting PA indicate down to MN 1.25245

what make it interesting are support lines on the way down that should be a great buy accumulation area starting from 1.26697
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
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