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Pro7 PA trading analysis 28+GOLD

  • #2,441
  • Dec 3, 2020 6:15am Dec 3, 2020 6:15am
Quoting nts0904
{quote}....How you trade I still don't know, .....
fishboard
Attached Image (click to enlarge)
Click to Enlarge Name: dash.png Size: 107 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #2,442
  • Dec 3, 2020 2:02pm Dec 3, 2020 2:02pm
Quoting Houtbay
Everyone starts at the same point, effort and practice lead to perfection. You are on the right site. Prozor is a pro and great teacher. Changing my style of trading has made a huge difference, my time period for holding has moved from short term to long term and the results are unmeasurable.
That's great to hear, and I am curious what time frame did you use to trade, and what do you find works better now? For example I work off the H1 often, but find the H4 in combination with the Daily gives better signals...but as a fulltime trader (with enough capital to produce an income out of it) I am always seeking improvement! One of my trading people I like is Al Brooks too who is very analytical. I am a price action and T.A style trader that really doesn't rely on indicators except to help visualize trends and better entries (but I don't take signals from indicators if you know what I mean!!).
Regards!
  • #2,443
  • Dec 3, 2020 2:06pm Dec 3, 2020 2:06pm
Quoting prozor7
{quote} fishboard {image}
Nice!! So you use the monthly for overall bias and trend but do you trade on a smaller TF such as daily or weekly? Or do you hold for a matter of weeks? If you have a link where you discuss this further then I am happy to prevent you reinventing the wheel!
  • #2,444
  • Dec 3, 2020 6:06pm Dec 3, 2020 6:06pm
Quoting nts0904
EURUSD Price is at strong R. {image}
Update EURUSD at M 78% and Q 61%.
Wait what MM will do with the price.
3/4 of profits have been taken.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 36 KB
  • #2,445
  • Dec 3, 2020 6:11pm Dec 3, 2020 6:11pm
AUDUSD H4
Price might test this zone again on H4.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 39 KB
  • #2,446
  • Dec 3, 2020 6:14pm Dec 3, 2020 6:14pm
GBPUSD D1
Price bounced off the resistance of M, Q, Y.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 43 KB
  • #2,447
  • Dec 3, 2020 6:20pm Dec 3, 2020 6:20pm
USDCAD and USDJPY
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 44 KB
Click to Enlarge Name: USDJPYH4.png Size: 42 KB
  • #2,448
  • Dec 3, 2020 6:28pm Dec 3, 2020 6:28pm
Quoting nts0904
EURJPY H1 at support. W1 at Resistance. {image} {image}
EURJPY Update
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYWeekly.png Size: 45 KB
Click to Enlarge Name: EURJPYH1.png Size: 32 KB
  • #2,449
  • Dec 3, 2020 11:25pm Dec 3, 2020 11:25pm
Quoting nts0904
{quote} Update EURUSD at M 78% and Q 61%. Wait what MM will do with the price. 3/4 of profits have been taken. {image}
what a beautiful trade "by the book"
Forex can only be understood backwards, but it must be traded forwards.
  • #2,450
  • Dec 3, 2020 11:35pm Dec 3, 2020 11:35pm
Quoting nts0904
{quote} EURJPY Update {image} {image}
great charting clear and easy to understand
Forex can only be understood backwards, but it must be traded forwards.
  • #2,451
  • Dec 3, 2020 11:36pm Dec 3, 2020 11:36pm
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #2,452
  • Dec 3, 2020 11:42pm Dec 3, 2020 11:42pm
Morning Prozor. I am watching at the moment the nzdusd for a possible downward movement.
  • #2,453
  • Dec 3, 2020 11:53pm Dec 3, 2020 11:53pm
Gbpcad also watching for a possible sell
  • #2,454
  • Dec 3, 2020 11:54pm Dec 3, 2020 11:54pm
Sorry it’s gbpchf
  • #2,455
  • Dec 4, 2020 12:19am Dec 4, 2020 12:19am
Quoting Houtbay
Sorry it’s gbpchf
My view is to wait for pullback to test zone.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCHFDaily.png Size: 43 KB
Click to Enlarge Name: GBPCHFH4.png Size: 43 KB
  • #2,456
  • Dec 4, 2020 12:23am Dec 4, 2020 12:23am
Yes I saw on the daily that gbpcad had shifted trend to buy, it was the wrong call
  • #2,457
  • Dec 4, 2020 12:23am Dec 4, 2020 12:23am
Sorry gbpchf
  • #2,458
  • Dec 4, 2020 12:23am Dec 4, 2020 12:23am
AUDJPY 1H scalping late.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH1.png Size: 27 KB
  • #2,459
  • Dec 4, 2020 12:35am Dec 4, 2020 12:35am
London Open and price bounce right at support on GBPJPY.
The yellow rectangle is where the MM is holding the retail traders' orders going in the wrong direction.
Lots of SL are taken out.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 43 KB
  • #2,460
  • Dec 4, 2020 2:27am Dec 4, 2020 2:27am
GBPUSD 1H.
Exactly, price bounced off the resistance of Q, Y.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 33 KB
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