Pro7 PA trading analysis 28+GOLD | Page 240 | Metals Mine

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Pro7 PA trading analysis 28+GOLD

  • #4,781
  • Apr 29, 2021 10:41am Apr 29, 2021 10:41am
Gold should fall as long as the price below 1773, T1 1761.

On the other hand on 4hr we see a possible up move targeting 1792.

Daily gold landing on old dynamic resistance line, bullish.

Now, what was the market want to say, almost everyone convinced to go short, high short sentiment. Then I have to look to buy the dip as they are done scaring everyone.
  • #4,782
  • Apr 29, 2021 10:52am Apr 29, 2021 10:52am
Quoting darkangel13
Gold should fall as long as the price below 1773, T1 1761. On the other hand on 4hr we see a possible up move targeting 1792. Daily gold landing on old dynamic resistance line, bullish. Now, what was the market want to say, almost everyone convinced to go short, high short sentiment. Then I have to look to buy the dip as they are done scaring everyone.
Same here sir.. i can see it hit dynamic resistance.. thank you sir for explanation
  • #4,783
  • Edited 11:06am Apr 29, 2021 10:55am | Edited 11:06am
Quoting LadyAmira
{quote} Good morning, what is your target for oil? Thank you!
Hello Amira, Sorry to answer late, its too many comments and I dont even find mine.

Oil hade 64,55 area as strong resistance now its broken and price went to 65,30 which is resistance, we have to wait now and see if this break is fake or real.

Are you trading oil?
Attached Image (click to enlarge)
Click to Enlarge Name: Oil 1.png Size: 114 KB
  • #4,784
  • Apr 29, 2021 11:00am Apr 29, 2021 11:00am
Quoting darkangel13
{quote} Ya, we talk about this yesterday that gold was bearish but it took some time.
yes,
pay attention to 1770

Quoting prozor7
GOLD D1 sell H4 buy - PA losing buy momentum @ 1777.27 closing below PA entering sell mode H4 support lines are: 1770.12 - 1754.14 - 1739.84 {image}EDIT to confirm sell PA should not break H1 1781.18
Forex can only be understood backwards, but it must be traded forwards.
  • #4,785
  • Apr 29, 2021 11:01am Apr 29, 2021 11:01am
UsdCad in a tiny 123bull targeting 1,2327, SL close below redline on 30m.
Attached Image (click to enlarge)
Click to Enlarge Name: UsdCad.png Size: 65 KB
  • #4,786
  • Apr 29, 2021 11:03am Apr 29, 2021 11:03am
Prozor7: Can you explain your version on usdcad, I am not really familiar with your EA, thanks.

USDCAD
D1 sell
H4 sell - losing sell momentum
watching 1.22684 - 1.22482 for potential long

PA @ 1.22826 fulfill monthly range
pay attention if PA hit above targets and have pullback how they will play this with news to come @ 1.22771 - 1.22826
  • #4,787
  • Apr 29, 2021 11:08am Apr 29, 2021 11:08am
Quoting prozor7
{quote} yes, pay attention to 1770 {quote}
Ok, sounds great. I have 1773. But honestly, I am not interested right now on gold, UsdCad and UsdNok make me happy.
  • #4,788
  • Apr 29, 2021 11:11am Apr 29, 2021 11:11am
Quoting prozor7
{quote} yes, pay attention to 1770 {quote}
I hope its fall.. my mistakes put short below it
  • #4,789
  • Apr 29, 2021 11:21am Apr 29, 2021 11:21am
Quoting darkangel13
.... PA @ 1.22826 fulfill monthly range .....
USDCAD
PA pass 386 pips in trading month (valid for April). PA pass 373 in April that is very close to fulfill monthly range
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.png Size: 34 KB
this is not EA, I count every TF than zoom in to the lowest that human (me) can read H1. explanation is in post3
Forex can only be understood backwards, but it must be traded forwards.
  • #4,790
  • Apr 29, 2021 11:47am Apr 29, 2021 11:47am
Quoting prozor7
{quote} USDCAD PA pass 386 pips in trading month (valid for April). PA pass 373 in April that is very close to fulfill monthly range {image}this is not EA, I count every TF than zoom in to the lowest that human (me) can read H1. explanation is in post3
Ok, If I understand you correctly then UsdCad has 486 monthly range and now we are almost there, but is that a reason to look for a reaction.
And for each pair, you do have a different monthly range, and its different from month to month.

And you use numbers based on fibs in a different time frame, in order to find the best S/R area.

Is that correct?
  • #4,791
  • Apr 29, 2021 1:15pm Apr 29, 2021 1:15pm
Darkangel13 how long have you been trading for? You have a very accurate technique. In trading there are many accurate techniques, just as many roads lead to Rome.
  • #4,792
  • Apr 29, 2021 1:20pm Apr 29, 2021 1:20pm
I suppose trading is the same as admiring a Picasso painting, we all see different things.
  • #4,793
  • Apr 29, 2021 1:46pm Apr 29, 2021 1:46pm
Quoting darkangel13
{quote} Ok, If I understand you correctly then UsdCad has 486 monthly range and now we are almost there, but is that a reason to look for a reaction. And for each pair, you do have a different monthly range, and its different from month to month. And you use numbers based on fibs in a different time frame, in order to find the best S/R area. Is that correct?
Attached Image (click to enlarge)
Click to Enlarge Name: dash.png Size: 104 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #4,794
  • Apr 29, 2021 1:50pm Apr 29, 2021 1:50pm
Prozor 7 uses Fibonacci lines, I use Gann lines and darkangel13 uses Andrews Pitchfolk and there is certainly a overlap in our analysis when we assess the same charts
  • #4,795
  • Apr 29, 2021 2:30pm Apr 29, 2021 2:30pm
Quoting prozor7
{quote} {image}
Wow man, it's like playing God. Cool.
  • #4,796
  • Apr 29, 2021 2:36pm Apr 29, 2021 2:36pm
Quoting Houtbay
Darkangel13 how long have you been trading for? You have a very accurate technique. In trading there are many accurate techniques, just as many roads lead to Rome.
Agree, been trading since 2008. But really been only losing in my first 20years and get smashed by the market, many expertise or that what they call themselv gave me back then very stupid and dummy advice, and sure I paid for that.

It was like paying 100$ to eat rotten food BUT you can't blame them..... you can't blame the tiger when he eats a dummy rabbet.
  • #4,797
  • Apr 29, 2021 2:40pm Apr 29, 2021 2:40pm
Quoting darkangel13
{quote} Agree, been trading since 2008. But really been only losing in my first 20years and get smashed by the market, many expertise or that what they call themselv gave me back then very stupid and dummy advice, and sure I paid for that. It was like paying 100$ to eat rotten food BUT you can't blame them..... you can't blame the tiger when he eats a dummy rabbet.
I envy you sir.. and you are such great person.. god bless you sir
  • #4,798
  • Apr 29, 2021 3:02pm Apr 29, 2021 3:02pm
Lets play a guessing game.

EurUsd down UsdCad up

That was a joke, in fact, EurUsd targeting 1,2146 area. even if it starts falling now. why because its in a tiny bullish divergence.

What I mean, that you can have fun with the market, testing your method on a demo account just for fun and you learn in the same time.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.png Size: 74 KB
  • #4,799
  • Apr 29, 2021 3:10pm Apr 29, 2021 3:10pm
GOLD
fishing sell @ 1774.47 clock is ticking
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #4,800
  • Apr 29, 2021 3:19pm Apr 29, 2021 3:19pm
Quoting darkangel13
Lets play a guessing game. EurUsd down UsdCad up That was a joke, in fact, EurUsd targeting 1,2146 area. even if it starts falling now. why because its in a tiny bullish divergence. What I mean, that you can have fun with the market, testing your method on a demo account just for fun and you learn in the same time. {image}
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
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