Pro7 PA trading analysis 28+GOLD | Page 44 | Forex Factory

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Pro7 PA trading analysis 28+GOLD

  • #861
  • Jul 23, 2020 11:18pm Jul 23, 2020 11:18pm
for all of who send me a PM and you want help here is what you have to do:

please read post 1, 2 & 3
post chart/s and ask question

I will gladly answer
Forex can only be understood backwards, but it must be traded forwards.
  • #862
  • Jul 24, 2020 2:23am Jul 24, 2020 2:23am
Good day to all.

My analysis for Gold:
I scalped some buys from 1890, closed them at 1895, waited for a pullback and now I'm in again at 1894.
I expect price to reach 1906.09 (as a first bigger resistance) and fall down to 1902.30 to confirm it as a support for further growth.
Also, falling down to 1889.36 would be a nice buy entry which price could reach but I'm not so sure about it since it was already tested. I have it on my mind.
1918.52 seems reachable so I moved my TP there.
Always expect unexpected.
  • #863
  • Jul 24, 2020 2:31am Jul 24, 2020 2:31am
Quoting Skoljkica
Good day to all. My analysis for Gold: I scalped some buys from 1890, closed them at 1895, waited for a pullback and now I'm in again at 1894. I expect price to reach 1906.09 (as a first bigger resistance) and fall down to 1902.30 to confirm it as a support for further growth. Also, falling down to 1889.36 would be a nice buy entry which price could reach but I'm not so sure about it since it was already tested. I have it on my mind. 1918.52 seems reachable so I moved my TP there.
great analysis as always

pay attention to potential spike down to 1890.28 - 1889.36 before going up to 1902.30 - 1906.09
Forex can only be understood backwards, but it must be traded forwards.
  • #864
  • Jul 24, 2020 3:23am Jul 24, 2020 3:23am
Quoting Skoljkica
Good day to all. My analysis for Gold: I scalped some buys from 1890, closed them at 1895, waited for a pullback and now I'm in again at 1894. I expect price to reach 1906.09 (as a first bigger resistance) and fall down to 1902.30 to confirm it as a support for further growth. Also, falling down to 1889.36 would be a nice buy entry which price could reach but I'm not so sure about it since it was already tested. I have it on my mind. 1918.52 seems reachable so I moved my TP there.
Got kicked out from this one.
It looks like 1889.36 was meant to be so I reentered buy at 1890.
Targets are the same.
Always expect unexpected.
  • #865
  • Jul 24, 2020 3:29am Jul 24, 2020 3:29am
Quoting Skoljkica
{quote} Got kicked out from this one. It looks like 1889.36 was meant to be so I reentered buy at 1890. Targets are the same.
Dear mate what will be sl?
  • #866
  • Jul 24, 2020 3:30am Jul 24, 2020 3:30am
Good one
  • #867
  • Jul 24, 2020 3:48am Jul 24, 2020 3:48am
Quoting mwaqar309
{quote} Dear mate what will be sl?
SL depends on you, how much are you willing to lose, as Pro7 mentioned it so many times.
I keep my SL tight, 21 pips so I can cover my losses with profits that are bigger.
Always expect unexpected.
  • #868
  • Edited 10:13am Jul 24, 2020 4:32am | Edited 10:13am
Quoting Skoljkica
{quote} SL depends on you, how much are you willing to lose, as Pro7 mentioned it so many times. I keep my SL tight, 21 pips so I can cover my losses with profits that are bigger.
excellent post

this is a probability game. each trader need to calculate there own risk in trading ("How much I'm willing to loose").
when you as trader solve this puzzle, will not have any limits in trading.
with this attitude you will have R:R minimum 1:2 or even more.

PS
you analysis are great, keep the good work
Forex can only be understood backwards, but it must be traded forwards.
  • #869
  • Jul 24, 2020 4:36am Jul 24, 2020 4:36am
Quoting mwaqar309
{quote} Dear mate what will be sl?
hi mwaqar,
welcome

regarding SL it depends on TF you are trading. bigger TF bigger SL
Forex can only be understood backwards, but it must be traded forwards.
  • #870
  • Edited 5:15am Jul 24, 2020 4:54am | Edited 5:15am
GBPJPY
having problem breaking D1 135.613
8 attempts so far if break happening it will brutal jump up IMHO so my buy is above

EDIT
breaking 135.816 should be confirmation for buy
Forex can only be understood backwards, but it must be traded forwards.
  • #871
  • Jul 24, 2020 5:58am Jul 24, 2020 5:58am
Quoting prozor7
AUDJPY pay attention to that sneaky W1 74.241 PA finding support breaking 74.615 I will buy SL 15 pips TP 74.937 breaking this line - TP 76.587 {image}
AUDJPY
expected back to 75.051 - 74.937 for reload long
SL 74.881
Forex can only be understood backwards, but it must be traded forwards.
  • #872
  • Jul 24, 2020 6:27am Jul 24, 2020 6:27am
GOLD
TP reach 1906.09
exit long staying aside for now
Forex can only be understood backwards, but it must be traded forwards.
  • #873
  • Edited 6:51am Jul 24, 2020 6:33am | Edited 6:51am
Quoting Skoljkica
{quote} I reentered buy at 1890. Targets are the same.
Profit took at 1904, now waiting for new opportunity, to catch the train for 1918.52

Edit to the post:
Pullback down to 1889.36 would be nice. I'm waiting to see where will H4 candle open.
Always expect unexpected.
  • #874
  • Jul 24, 2020 6:53am Jul 24, 2020 6:53am
USDJPY
fishing buy @ 105.832
SL 105.701
Forex can only be understood backwards, but it must be traded forwards.
  • #875
  • Jul 24, 2020 6:55am Jul 24, 2020 6:55am
CHFJPY
fishing buy @ 114.625
SL 114.500
Forex can only be understood backwards, but it must be traded forwards.
  • #876
  • Jul 24, 2020 6:59am Jul 24, 2020 6:59am
Quoting prozor7
{quote} AUDJPY expected back to 75.051 - 74.937 for reload long SL 74.881
AUDJPY
fishing buy @ 74.986
Forex can only be understood backwards, but it must be traded forwards.
  • #877
  • Jul 24, 2020 7:12am Jul 24, 2020 7:12am
Quoting prozor7
to all who ask for help with PM here is what you need to understand and apply in trading. trading is very simple process, try to not complicate it. you have only two options, buy or sell. here comes problem why would you buy or sell. if you don't know why and you don't have strong believes in what you are doing based on pattern or method that you see, you will LOSE in trading. period no one can help you with this. trading is not: here I am, looking good, made a few clicks, selfie and cash is flowing. market will woke up your worst emotions: fear,...
I would like to add to this post that most difficult part in trading IMHO is when treading is going very very bad to stay calm and stick to the plan.
Attached Image (click to enlarge)
Click to Enlarge Name: trading.png Size: 53 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #878
  • Jul 24, 2020 7:51am Jul 24, 2020 7:51am
Quoting prozor7
{quote} EURCAD pay attention to H4 1.54984 for long PS potential spike to 1.54712 - 1.54387 would be nice to reload long TP 1.56117
EURCAD
TP reach exit long @ 1.56117 staying aside
Forex can only be understood backwards, but it must be traded forwards.
  • #879
  • Jul 24, 2020 9:29am Jul 24, 2020 9:29am
EURNZD
pay attention to D1 1.75534 as resistance/support
potential spike to 1.75946 PA should not break this line for sell
Forex can only be understood backwards, but it must be traded forwards.
  • #880
  • Jul 24, 2020 11:48am Jul 24, 2020 11:48am
all trades closed, cash for Monday

wish you all great weekend.
see you on market open

don't forgot next week "windows dressing" last week of the month.
Forex can only be understood backwards, but it must be traded forwards.
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