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Pro7 PA trading analysis 28+GOLD

  • #101
  • May 21, 2020 9:39am May 21, 2020 9:39am
Quoting paulbartosze
Great thread Prozor! looking forward to following this and learning!
hi paulbartosze,
thx and welcome.

I'm also looking forward to learn from you
Forex can only be understood backwards, but it must be traded forwards.
  • #102
  • May 21, 2020 10:19am May 21, 2020 10:19am
GOLD
what a move, good thing is that we were prepared for that.

watching 1723.98 - 1727.03 as H1 resistance
MM need to push hard for GOLD to stay in buy mode. with that said D1 closing price should be above 1737.99
Forex can only be understood backwards, but it must be traded forwards.
  • #103
  • May 21, 2020 10:53am May 21, 2020 10:53am
GBP
following symbol enter buy mode look at charts posted here:

GBPCAD price above 1.70270 buy mode TP 1.72405 - 1.72716

GBPCHF price above 1.18298 breaking 1.18682 should confirm that buy mode TP 1.19696

GBPJPY buy mode TP 132.671 - 133.188 pay attention to 131.382 as H4 support

GBPUSD buy mode breaking 1.22445 - 1.22913 should confirm that TP 1.24471
Forex can only be understood backwards, but it must be traded forwards.
  • #104
  • May 21, 2020 10:57am May 21, 2020 10:57am
EURAUD
enter sell mode
I would like to see push up to 1.67505 - 1.67830 than down
Forex can only be understood backwards, but it must be traded forwards.
  • #105
  • May 21, 2020 12:59pm May 21, 2020 12:59pm
Thanks for all the good works you are doing. Please how would one know when a pair is overstretched
  • #106
  • May 21, 2020 3:24pm May 21, 2020 3:24pm
Quoting dele5000
Thanks for all the good works you are doing. Please how would one know when a pair is overstretched
hi dele,
thx and welcome.

need to calculate currency strength.
currency strength could be absolute or relative depend what trader is looking for.
Forex can only be understood backwards, but it must be traded forwards.
  • #107
  • May 21, 2020 4:02pm May 21, 2020 4:02pm
great day,
good night to all

see you in the morning
Forex can only be understood backwards, but it must be traded forwards.
  • #108
  • May 22, 2020 1:30am May 22, 2020 1:30am
good morning to all
let see what we have on the menu today on D1 chart

CADJPY enter sell mode TP 76.105 - 75.264
CHFJPY enter sell mode TP 109.763 - 109.410
EURGBP enter sell mode TP 0.88568
USDJPY enter sell mode TP 107.013

GOLD enter sell mode TP 1705.16 - 1695.02
pay attention to 1734.89 H1 resistance

happy hunting
Forex can only be understood backwards, but it must be traded forwards.
  • #109
  • May 22, 2020 2:15am May 22, 2020 2:15am
Thanks Prozor, i attached the EA on my chart but it is not displaying the support and resistance lines, i dont know if i am missing something, please heip
  • #110
  • May 22, 2020 2:18am May 22, 2020 2:18am
Quoting dele5000
Thanks Prozor, i attached the EA on my chart but it is not displaying the support and resistance lines, i dont know if i am missing something, please heip
morning dele,
can you send screenshot of EA properties
Forex can only be understood backwards, but it must be traded forwards.
  • #111
  • May 22, 2020 2:31am May 22, 2020 2:31am
You mean this
Attached Image (click to enlarge)
Click to Enlarge Name: EA.png Size: 29 KB
  • #112
  • May 22, 2020 2:35am May 22, 2020 2:35am
Quoting dele5000
You mean this
yes, problem is: there is no price where EA will enter
as you can see in "Text Dash" pending Buy & pending sell are empty.
Attached Image (click to enlarge)
Click to Enlarge Name: eaprop.png Size: 58 KB

this EA is not auto until user enter price where EA will Buy or Sell

there is pdf manual on first page
Forex can only be understood backwards, but it must be traded forwards.
  • #113
  • May 22, 2020 2:38am May 22, 2020 2:38am
Quoting prozor7
{quote} yes, problem is: there is no price where EA will enter as you can see in "Text Dash" pending Buy & pending sell are empty. this EA is not auto until user enter price where EA will Buy or Sell there is pdf manual on first page
Okay thanks, i understand now
  • #114
  • May 22, 2020 2:49am May 22, 2020 2:49am
Quoting dele5000
{quote} Okay thanks, i understand now

use on demo until you have full understanding how this EA work
Forex can only be understood backwards, but it must be traded forwards.
  • #115
  • May 22, 2020 2:55am May 22, 2020 2:55am
GOLD
price find support on H4 1721.51 yesterday
D1 sell mode
H4 buy mode
M15 enter sell mode
possible push up to 1737.99 - 1741.11

remember it is FRYday
Forex can only be understood backwards, but it must be traded forwards.
  • #116
  • May 22, 2020 3:10am May 22, 2020 3:10am
Quoting prozor7
EURAUD enter sell mode I would like to see push up to 1.67505 - 1.67830 than down
EURAUD
in play
Forex can only be understood backwards, but it must be traded forwards.
  • #117
  • May 22, 2020 3:30am May 22, 2020 3:30am
GBPJPY
in buy mode
I would like to see 130.508 - 130.369 than up TP 133.185 - 134.124
Attached Image

there is a few pips difference from target posted and lines on the screen: different comp (same broker)
Forex can only be understood backwards, but it must be traded forwards.
  • #118
  • May 22, 2020 3:47am May 22, 2020 3:47am
USDCAD
entering buy mode
pay attention to 1.40269 as MN resistance
possible pullback to 1.40102
price should not pass on pullback H4 support 1.39893 to stay in buy mode
Forex can only be understood backwards, but it must be traded forwards.
  • #119
  • May 22, 2020 4:00am May 22, 2020 4:00am
EURNZD
sell mode
pay attention to 1.78536 as D1 & H4 support breaking TP 1.75920
Forex can only be understood backwards, but it must be traded forwards.
  • #120
  • May 22, 2020 4:49am May 22, 2020 4:49am
Pardon my ignorance, i have just read the manual, please what criteria would inform me to for instance put a pending order at 131.800.
Thanks
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