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Pro7 PA trading analysis 28+GOLD

  • #201
  • May 29, 2020 2:01am May 29, 2020 2:01am
Quoting prozor7
{quote} welcome dele, no frustrations here I will be glad if I can help open blank H4 GOLD chart like one attached to this post and tell me what do you see? {image}
Okay, i see areas of resistance/support on the chart
  • #202
  • May 29, 2020 2:27am May 29, 2020 2:27am
Quoting dele5000
{quote} Okay, i see areas of resistance/support on the chart
what ever you doing in life apply this 5 basic rules:
1. Keep it simple
2. Be systematic
3. Without assumptions
4. Be critic
5. Don't panic

Trading:
Rule 1: simple : buy or sell

Rule 2: systematic: there is you problem
Forex can only be understood backwards, but it must be traded forwards.
  • #203
  • May 29, 2020 3:59am May 29, 2020 3:59am
Quoting prozor7
{quote} what ever you doing in life apply this 5 basic rules: 1. Keep it simple 2. Be systematic 3. Without assumptions 4. Be critic 5. Don't panic Trading: Rule 1: simple : buy or sell Rule 2: systematic: there is you problem
I believe it is the system that let you know the where to place the orders, what am asking is the system to learn
  • #204
  • May 29, 2020 4:35am May 29, 2020 4:35am
Quoting dele5000
{quote} I believe it is the system that let you know the where to place the orders, what am asking is the system to learn
dele
you don't get it, no offense, you are terribly wrong, you need to develop system for yourself.
you need to know
1. why did you enter buy or sell
2. what is your plan
3. how much money you are willing to lose based on your believes

you are asking same question twice. you are looking in wrong direction around you not in front of you.

answer to you question is NO I (dele) don't need system to learn.
answer to you question IS I (dele) need basic understanding what is in front of me.

PS
read post 2

pro7
Forex can only be understood backwards, but it must be traded forwards.
  • #205
  • May 30, 2020 8:04am May 30, 2020 8:04am
Quoting dele5000
{quote} I believe it is the system that let you know the where to place the orders, what am asking is the system to learn
dele,
one thing you are also wrong.

I gave you system with source, that will open, close on TP or close on SL based on your decision with variations based on your input

apparently you are looking for system that will make that decision for you and by the EOD you will make couple of "buck's"

good luck with your quest

pro7
Forex can only be understood backwards, but it must be traded forwards.
  • #206
  • May 30, 2020 9:48am May 30, 2020 9:48am
Quoting prozor7
{quote} dele, one thing you are also wrong. I gave you system with source, that will open, close on TP or close on SL based on your decision with variations based on your input apparently you are looking for system that will make that decision for you and by the EOD you will make couple of "buck's" good luck with your quest pro7
I am sorry for disturbing you
  • #207
  • May 31, 2020 2:25pm May 31, 2020 2:25pm
good evening to all
Forex can only be understood backwards, but it must be traded forwards.
  • #208
  • May 31, 2020 2:27pm May 31, 2020 2:27pm
AUDCAD
watching 0.91787 - 0.91933 for short
breaking 0.91393 should confirm that
Forex can only be understood backwards, but it must be traded forwards.
  • #209
  • May 31, 2020 2:29pm May 31, 2020 2:29pm
GBPJPY
watching 132.722 for short
I would like to see 133.590 before going down
Forex can only be understood backwards, but it must be traded forwards.
  • #210
  • May 31, 2020 2:29pm May 31, 2020 2:29pm
AUDNZD
watching 1.07740 for short
Forex can only be understood backwards, but it must be traded forwards.
  • #211
  • May 31, 2020 3:17pm May 31, 2020 3:17pm
NZD
changing to Sell
NZDCAD watching 0.85388 - 0.85625
NZDCHF watching 0.59530 - 0.59599
NZDJPY watching 0.66645 - 0.66744

changing to buy
EURNZD watching 1.78864 - 1.78327
GBPNZD watching 1.98471 - 1.99217
Forex can only be understood backwards, but it must be traded forwards.
  • #212
  • May 31, 2020 3:23pm May 31, 2020 3:23pm
GOLD
entering buy mode
watch for 1741.55 - 1742.33 as resistance
watching 1725.15 - 1722.58 as support
Forex can only be understood backwards, but it must be traded forwards.
  • #213
  • May 31, 2020 3:23pm May 31, 2020 3:23pm
good night
see you in the morning
Forex can only be understood backwards, but it must be traded forwards.
  • #214
  • May 31, 2020 4:28pm May 31, 2020 4:28pm
Quoting prozor7
AUDCAD watching 0.91787 - 0.91933 for short breaking 0.91393 should confirm that
Hi, Pro hope your weekend was good. What kind of time frame are you looking at for this trade? 0.91393 would take out a lot of the ADR and when AUDCAD has dropped on the daily its only been temporary before continuing upwards for a while now. Im of the opinion 0.9200 will be touched before a reversal is reached mid-long term.
  • #215
  • May 31, 2020 10:48pm May 31, 2020 10:48pm
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #216
  • May 31, 2020 11:00pm May 31, 2020 11:00pm
Quoting SidneyMagal
{quote} Hi, Pro hope your weekend was good. What kind of time frame are you looking at for this trade? 0.91393 would take out a lot of the ADR and when AUDCAD has dropped on the daily its only been temporary before continuing upwards for a while now. Im of the opinion 0.9200 will be touched before a reversal is reached mid-long term.
hi Sidney,
I'm always looking at MN chart than zoom in to smaller TF

for AUDCAD drawn some lines
Attached Image

than zoom in and do the same
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #217
  • May 31, 2020 11:33pm May 31, 2020 11:33pm
Quoting SidneyMagal
{quote} Hi, Pro hope your weekend was good. What kind of time frame are you looking at for this trade? 0.91393 would take out a lot of the ADR and when AUDCAD has dropped on the daily its only been temporary before continuing upwards for a while now. Im of the opinion 0.9200 will be touched before a reversal is reached mid-long term.
post 1 - no indicators are needed, use bigger time-frame (MN, W1, D1...) study charts
post 2 - nobody on this planet know where, when and why price will go.

here is the example of USDJPY MN chart as you can see plain and simple.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.png Size: 19 KB

so on each TF I drawn some lines read post 3 how it work
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpymn.png Size: 58 KB

than zoom in to W1 and do the same
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyw1.png Size: 31 KB

zoom all the way down to H1
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyh1.png Size: 29 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #218
  • Jun 1, 2020 12:24am Jun 1, 2020 12:24am
AUDCAD
current price @ 0.92506
on MN chart I'm looking 0.91787 as in this case support/resistance line
when I zoom in to W1 I see resistance @ 0.93047
on D1 I see 0.92968 as resistance
on H4 0.92498 - 0.93004
on H1 0.92643 - 0.92723

I'm looking to sell this symbol so I place EA on the chart
Attached Image (click to enlarge)
Click to Enlarge Name: audcadea.png Size: 23 KB


Sell Red line is place where EA will take trade,
Red line is "MOVABLE" user can move this line to position where he would like to sell on single line, and when OFF-ON switch is activated EA will sell xy times user defined in EA properties as Number of attempts
he can do that on single line (like in image above) or user can activate "R S" button where EA will drawn a range where sell will be executed.
now user have 2 solid red lines also movable and number of small red lines defined by user as number of attempts
Attached Image (click to enlarge)
Click to Enlarge Name: audcadr.png Size: 21 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #219
  • Jun 1, 2020 12:36am Jun 1, 2020 12:36am
Quoting SidneyMagal
{quote} Hi, Pro hope your weekend was good. What kind of time frame are you looking at for this trade? 0.91393 would take out a lot of the ADR and when AUDCAD has dropped on the daily its only been temporary before continuing upwards for a while now. Im of the opinion 0.9200 will be touched before a reversal is reached mid-long term.
Sidney
did explanation above answer your question?
Forex can only be understood backwards, but it must be traded forwards.
  • #220
  • Jun 1, 2020 1:01am Jun 1, 2020 1:01am
I would like to emphasize that my R:R is 1:4
Forex can only be understood backwards, but it must be traded forwards.
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