• Home
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • User/Email: Password:
  • 2:52pm
Menu
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • 2:52pm
Sister Sites
  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Trading with Price Action - Daily Trading Analysis 82 replies

Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies

TT Ichimoku Cloud Trading Analysis with Trading Calls 23 replies

Trading Gold - Anybody up for analysis here? 14 replies

  • Interactive Trading
  • /
  • Reply to Thread
  • Subscribe
  • 1,720
Attachments: Pro7 PA trading analysis 28+GOLD
Exit Attachments
Tags: Pro7 PA trading analysis 28+GOLD
Cancel

Pro7 PA trading analysis 28+GOLD

  • Last Post
  •  
  • Page 1 23456 347
  • Page 1 2 347
  •  
  • Post #1
  • Quote
  • First Post: Edited Feb 19, 2022 10:37am May 10, 2020 5:13pm | Edited Feb 19, 2022 10:37am
  •  prozor7
  • Joined Mar 2010 | Status: Member | 5,637 Posts
there is only one rule in this thread:
1. treat people the way you want them to treat you.

on this thread we are traders, what I mean by this is:
you have to defend yours believes with money - before making a trade you have to ask yourself hardest question: HOW MUCH I'M WILLING TO LOSE?

we are all humans! you can affiliate yourself as woman, man, color, religion.... on other place; here we are traders.

I will NOT allowed: insult, ego trip, humiliations others, trolls, mockery..... or any kind of disrespect.
1. no thank you - post
2. no guru, master, teacher... - post
if you like to thank someone do that by donating money to charity, what ever you chose and post that with thank you, guru, master, teacher.... responsible for that


I will keep this thread clean of nonsense - who ever ignore my demand will be banned.

you can post what ever you want except nudity, preferring help, humor, educations, analysis, trading plans...
post yours opinions without fear, there is no right or wrong in nature. this is a probability game, calculate that.

I love what I do, writing, analyzing, trading and I'm doing it with passion.
no indicators are needed, use bigger time-frame (MN, W1, D1) study charts, compare with others targets and if they are the same you are good to go.

I have 5 rules in trading
1. simple
2. systematic
3. do not assume
4. critic
5. do not panic

I will try to make this thread Pro7
1. Productive
2. Professional
3. Profitable
4. Prognostic
5. Progressive
6. Projection
7. Prospective

couple of tips
1. trading is all about timing
2. be patient with positive trade
3. be impatient with negative trade
4. each trader needs to know when is enough in winning or loosing!
5. how many pips (or money) you are willing to loose
6. feel inspired that we as a group can achieve our goals.
7. we can learn and help each-other, helping others, helping yourself.
8. wait until price come to you don't chase it
9. fun starts when you have something to lose and you care for yours losses. so what is your limit?
10. take care of you own trade
11. share trading ideas
12. help others if asked
13. post something funny
14. treat trade as business


welcome
Pro7

PS
do not trade because I post some targets!!! YOU ARE RESPONSIBLE FOR YOUR TRADE.
this is a probability game.

about Pro7_EA here

how I trade and how I see trading explained here in this post
Attached File(s)
File Type: pdf Pro7.pdf   773 KB | 5,216 downloads | Uploaded May 27, 2020 5:02am
File Type: ex4 Pro7_EA.ex4   85 KB | 1,849 downloads | Uploaded Jun 18, 2020 9:41am
File Type: mq4 Pro7_EA.mq4   53 KB | 2,042 downloads | Uploaded Jun 18, 2020 9:42am
Forex can only be understood backwards, but it must be traded forwards.
  • Post #2
  • Quote
  • Edited 5:47pm May 10, 2020 5:14pm | Edited 5:47pm
  •  prozor7
  • Joined Mar 2010 | Status: Member | 5,637 Posts
this is EURUSD D1 chart.
Attached Image

nobody on this planet know where, when and why price will go.

my favorite book - The Denial of Death by Ernest Becker
ignoring the problem and by "tranquilizing oneself with the trivial".
since Ernest borrow above term from Soren Kierkegaard I found appropriate to quote Kierkegaard
"Life can only be understood backwards; but it must be lived forwards."

to apply above
"Forex can only be understood backwards, but it must be traded forwards."
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
 
6
  • Post #3
  • Quote
  • Edited 5:51pm May 10, 2020 5:14pm | Edited 5:51pm
  •  prozor7
  • Joined Mar 2010 | Status: Member | 5,637 Posts
there are no indicator, lines are my calculations for different time frame, presented to my brain as fibo lines. this way I can easier catch potential trade with my eye.

how does fibo lines on charts work?
when price coming down it should find support on following lines 61.8% 50.0% 23.6% 0% (or 100%)
when price going up it should find resistance on following lines 38.2% 50.0% 76.4% 100% (or 0%)
0% 50% !00% are support / resistance lines

time frame | trading period | refresh time?
MN chart have Year fibo (year support blue lines) | trading period 1 month | every 1st in month
when zoom in
W1 chart have Quarter fibo (quarter support white lines) trading period 1 week | every week
when zoom in
D1 chart have Month fibo (month support yellow lines) trading period 1 day | every 1st in month
when zoom in
H4 chart have Week fibo (week support orange lines) trading period 4 hours | every week
when zoom in
H1 chart have Day fibo (day support green lines) trading period 1 hour | every day

explained lines:
"Quarter support" & "Week Support" is just a name calculated and refreshed on weekly base
difference is in calculations formula and when you trade
you trade on W1 chart for a "Quarter"
you trade on H4 chart for a "Week"
"Year Support" & "Month Support" is calculated and refreshed on beginning of the month
difference is in calculations formula and when you trade
you trade on MN chart for a "Year"
you trade on D1 chart for a "Month"
"Day Support" is calculated every day
difference is in calculations formula and when you trade
you trade on H1 chart for a "Day"

Correlation alarm
when you see post like this:
****** Symbol is overstretched (buy)
that means in correlations between 8 symbols; one is arrive to the limit of buying that means it is the time to exit long (buy) trade
for example:
GBPCAD
GBP is overstretched (buy) pullback expected
time to exit long GBPCAD
CADJPY
JPY is overstretched (sell) pullback expected
time to exit short CADJPY
Forex can only be understood backwards, but it must be traded forwards.
 
4
  • Post #4
  • Quote
  • May 10, 2020 5:26pm May 10, 2020 5:26pm
  •  RieseP
  • Joined Nov 2016 | Status: Member | 887 Posts
Subscribed. Best of luck
 
 
  • Post #5
  • Quote
  • May 10, 2020 5:28pm May 10, 2020 5:28pm
  •  SidneyMagal
  • | Joined Feb 2020 | Status: Member | 189 Posts
Hi guys, looking forward to this
 
 
  • Post #6
  • Quote
  • May 10, 2020 6:28pm May 10, 2020 6:28pm
  •  F05
  • | Joined Apr 2020 | Status: Member | 84 Posts
Hi prozor7, subscribed. Best of luck!
Life begins at the end of your comfort zone.
 
 
  • Post #7
  • Quote
  • May 10, 2020 6:29pm May 10, 2020 6:29pm
  •  prozor7
  • Joined Mar 2010 | Status: Member | 5,637 Posts
AUDCAD
buy scenario
MN - expecting to go up to 0.91956 where I will sell
Attached Image

D1 - expecting to find support @ 0.90748 - 0.90347 where I will buy
Attached Image


sell scenario
breaking 0.90374 TP 0.89539
Forex can only be understood backwards, but it must be traded forwards.
 
1
  • Post #8
  • Quote
  • May 10, 2020 6:39pm May 10, 2020 6:39pm
  •  prozor7
  • Joined Mar 2010 | Status: Member | 5,637 Posts
AUDJPY
MN - expecting 70.082
Attached Image

D1 - can go up to 70.548
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
 
1
  • Post #9
  • Quote
  • May 10, 2020 6:45pm May 10, 2020 6:45pm
  •  RieseP
  • Joined Nov 2016 | Status: Member | 887 Posts
Quoting prozor7
Disliked
AUDJPY MN - expecting 70.082 {image} D1 - can go up to 70.548 {image}
Ignored
Hi Pro,

Just quick question. I know you mentioned your criteria’s for entering etc. But do you buy as soon as price has broke these levels or do wait for candle to close? Do you use a hard stoplosses etc?

Bit confusing all in support and no resistances. But I’m sure straight forward system
 
 
  • Post #10
  • Quote
  • May 10, 2020 6:57pm May 10, 2020 6:57pm
  •  mathy2007
  • | Joined Aug 2019 | Status: Member | 28 Posts
Subscribed and best of luck
 
 
  • Post #11
  • Quote
  • May 10, 2020 6:57pm May 10, 2020 6:57pm
  •  prozor7
  • Joined Mar 2010 | Status: Member | 5,637 Posts
AUDUSD
W1 - rejected 0.65480 breaking potential up
Attached Image

D1 - potential up to 0.65936
Attached Image



range
H1 - up breaking 0.65282 will buy
H1 - down range 0.65066 above will buy - below will sell
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
 
 
  • Post #12
  • Quote
  • May 10, 2020 7:20pm May 10, 2020 7:20pm
  •  prozor7
  • Joined Mar 2010 | Status: Member | 5,637 Posts
Quoting RieseP
Disliked
But do you buy as soon as price has broke these levels or do wait for candle to close?
Ignored
enter the trade as price hit. EA does that for me .

Quoting RieseP
Disliked
Do you use a hard stoplosses etc?
Ignored
yes. EA repeat trade as I enter values.

Quoting RieseP
Disliked
Bit confusing all in support and no resistances.
Ignored
didn't know how to program that in MQL4 when multiplying lines for calculations
Forex can only be understood backwards, but it must be traded forwards.
 
 
  • Post #13
  • Quote
  • May 10, 2020 7:23pm May 10, 2020 7:23pm
  •  RieseP
  • Joined Nov 2016 | Status: Member | 887 Posts
Quoting prozor7
Disliked
{quote} enter the trade as price hit. EA does that for me . {quote} yes. EA repeat trade as I enter values. {quote} didn't know how to program that in MQL4 when multiplying lines for calculations
Ignored
I didn’t know you had as as E/A, although I suspect you enter manually?

I wish you all the best pro, no doubt your smashing it. I hang around
 
 
  • Post #14
  • Quote
  • May 10, 2020 7:30pm May 10, 2020 7:30pm
  •  prozor7
  • Joined Mar 2010 | Status: Member | 5,637 Posts
Quoting RieseP
Disliked
{quote} I didn’t know you had as as E/A, although I suspect you enter manually? I wish you all the best pro, no doubt your smashing it. I hang around
Ignored
EA - manually enter values to trade

indicator - simple fibo drawn lines indy after I manually enter values to drawn

nothing is automatic before I manually input values
Forex can only be understood backwards, but it must be traded forwards.
 
1
  • Post #15
  • Quote
  • May 10, 2020 7:47pm May 10, 2020 7:47pm
  •  okehiedon
  • | Joined May 2008 | Status: EMPEROR | 464 Posts
Subscribed!
LISTEN TO MR FUNDAMENTAL AND MR TECHNICAL
 
 
  • Post #16
  • Quote
  • May 10, 2020 7:54pm May 10, 2020 7:54pm
  •  prozor7
  • Joined Mar 2010 | Status: Member | 5,637 Posts
GBPJPY
potential to go up to 134.124 resistance on the way 132.839 & 133.185
Attached Image


look @ H1 chart
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
 
1
  • Post #17
  • Quote
  • May 10, 2020 10:16pm May 10, 2020 10:16pm
  •  Vingado
  • | Joined Aug 2019 | Status: Junior Member | 4 Posts
Hi guys, subscribed. Best of luck!
 
 
  • Post #18
  • Quote
  • May 11, 2020 3:32am May 11, 2020 3:32am
  •  prozor7
  • Joined Mar 2010 | Status: Member | 5,637 Posts
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
 
 
  • Post #19
  • Quote
  • May 11, 2020 4:14am May 11, 2020 4:14am
  •  Simply-Me
  • Joined Oct 2017 | Status: Member | 597 Posts
Quoting prozor7
Disliked
good morning to all
Ignored
Hi prozor, dobro jutro
I'm glad you've opened this thread and you are willing to share your knowledge with us.
Subscribing.
Whether you think you can, or you think you can't,you're right. H.F.
 
1
  • Post #20
  • Quote
  • May 11, 2020 7:37am May 11, 2020 7:37am
  •  prozor7
  • Joined Mar 2010 | Status: Member | 5,637 Posts
AUDJPY
watching 69.435 above buy TP 70.548

below sell TP 68.323
Forex can only be understood backwards, but it must be traded forwards.
 
 
  • Interactive Trading
  • /
  • Pro7 PA trading analysis 28+GOLD
  • Reply to Thread
    • Page 1 23456 347
    • Page 1 2 347
0 traders viewing now
  • More
Top of Page
  • Facebook
  • Twitter
About FF
  • Mission
  • Products
  • User Guide
  • Media Kit
  • Blog
  • Contact
FF Products
  • Forums
  • Trades
  • Calendar
  • News
  • Market
  • Brokers
  • Trade Explorer
FF Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow FF
  • Facebook
  • Twitter

FF Sister Sites:

  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Forex Factory® is a brand of Fair Economy, Inc.

Terms of Service / ©2023