Pro7 PA trading analysis 28+GOLD | Page 126 | Forex Factory

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Pro7 PA trading analysis 28+GOLD

  • #2,501
  • Dec 8, 2020 2:21am Dec 8, 2020 2:21am
Quoting Iscarter
Hi Expecting gold to drop to 1957 again, then rise to 1898,slag at that area, then we go to 1928
I see 1862 as max down

regarding up move I see 1906 - 1910
resistance on the up move 1882 - 1889 - 1896 - 1906
Forex can only be understood backwards, but it must be traded forwards.
  • #2,502
  • Dec 8, 2020 5:09am Dec 8, 2020 5:09am
NZDJPY
D1 sell - PA above 73.386 PA should change to buy TP 74.668
H4 buy
fishing buy @ 73.200
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #2,503
  • Dec 8, 2020 5:31am Dec 8, 2020 5:31am
Afternoon Prozor. How are you doing today, I am busy entertaining children
  • #2,504
  • Dec 8, 2020 6:01am Dec 8, 2020 6:01am
Quoting Houtbay
Afternoon Prozor. How are you doing today, I am busy entertaining children

catch few fish, not bad almost cash have 2 small positions:
EURJPY - buy
NZDJPY - buy
Forex can only be understood backwards, but it must be traded forwards.
  • #2,505
  • Dec 8, 2020 7:05am Dec 8, 2020 7:05am
Eurjpy to me seems like the better call.
  • #2,506
  • Dec 8, 2020 7:25am Dec 8, 2020 7:25am
I have been a non participant this afternoon.
  • #2,507
  • Dec 8, 2020 7:38am Dec 8, 2020 7:38am
Quoting Houtbay
Eurjpy to me seems like the better call.
EURJPY
loosing buy momentum
close buy

potential sell @ 125.962 TP 125.183
Forex can only be understood backwards, but it must be traded forwards.
  • #2,508
  • Dec 8, 2020 7:41am Dec 8, 2020 7:41am
I am not participating but I still think it’s a buy.
  • #2,509
  • Dec 8, 2020 8:24am Dec 8, 2020 8:24am
Quoting Houtbay
I am not participating but I still think it’s a buy.
look EURNZD you will see that NZDJPY buy is better entry because EUR loosing buy momentum
Forex can only be understood backwards, but it must be traded forwards.
  • #2,510
  • Dec 8, 2020 9:07pm Dec 8, 2020 9:07pm
Time to possibly buy gold it should move up 30 dollars
  • #2,511
  • Dec 8, 2020 9:29pm Dec 8, 2020 9:29pm
Please don’t follow any of my opinions because I am in a state of learning and am often incorrect in my calls.
  • #2,512
  • Dec 8, 2020 9:36pm Dec 8, 2020 9:36pm
Nzdjpy I am also possibly buying
  • #2,513
  • Dec 8, 2020 9:52pm Dec 8, 2020 9:52pm
Quoting Houtbay
Time to possibly buy gold it should move up 30 dollars
Yes it should now it hit my SL!! lol....I am out now, time for gold to rise!! Sometimes I can't work gold out!!
  • #2,514
  • Dec 8, 2020 9:56pm Dec 8, 2020 9:56pm
I normally follow only the currencies. Gold should be strong over the week, today the momentum could go in either direction. The person to ask is pro7.
  • #2,515
  • Dec 8, 2020 10:14pm Dec 8, 2020 10:14pm
Quoting Houtbay
I normally follow only the currencies. Gold should be strong over the week, today the momentum could go in either direction. The person to ask is pro7.
Hi again!
Okay, just scalped it for half my loss back,,,,I will get the rest back later. I could have let it run, but half of my loss back is a good milestone to start with. I am still tempted not to trade gold at all...I find it doesn't work the same as currencies. Out of curiosity, what pairs do you like to trade? I did get some advice to have less (6 at max) and really get to know them rather than 30....although I am a fulltime trader (and doing my doctorate, my final year) I am still wondering about how many pairs and which ones to focus on!!
  • #2,516
  • Dec 8, 2020 10:21pm Dec 8, 2020 10:21pm
Hi fourowls. One can trade as many pairs as one wants, it all depends if the set up is correct. So it could vary from one to many. My training has all been self taught on forex factory, there is a lot of information out there.
My real learning happened on this site, when things finally came together. One has to put in the work and screen time and make mistakes. Learning is a process.
The average trader fails because he or she follows the masses and does not question.
  • #2,517
  • Dec 8, 2020 10:29pm Dec 8, 2020 10:29pm
Quoting four.owls
{quote} Hi again! Okay, just scalped it for half my loss back,,,,I will get the rest back later. I could have let it run, but half of my loss back is a good milestone to start with. I am still tempted not to trade gold at all...I find it doesn't work the same as currencies. Out of curiosity, what pairs do you like to trade? I did get some advice to have less (6 at max) and really get to know them rather than 30....although I am a fulltime trader (and doing my doctorate, my final year) I am still wondering about how many pairs and which ones to focus...
Just advice don't trade too many pairs. 2 to 3 max so u won't lost focus. Always remember to put sl n tp. 2:1 ratio. Long term u will profit. :-)
  • #2,518
  • Dec 8, 2020 10:55pm Dec 8, 2020 10:55pm
Quoting Houtbay
Hi fourowls. One can trade as many pairs as one wants, it all depends if the set up is correct. So it could vary from one to many. My training has all been self taught on forex factory, there is a lot of information out there. My real learning happened on this site, when things finally came together. One has to put in the work and screen time and make mistakes. Learning is a process. The average trader fails because he or she follows the masses and does not question.
Thanks Houtbay! I have not bad basics, but definitely room to improve. As I tend to trade very short term my R/R is still an issue...I find at best it is 1/1...need to investigate this more...maybe slightly longer trades might suit me better...less stressful too. I am re-reading stuff and reading the Strat's PASR thread, and updating my system. I usually get signals and entry off the H1, in conjunction with the H4, but am looking more now at daily/weekly and heaven forbid, the Monthly...(never have used that before!!)
  • #2,519
  • Dec 8, 2020 11:55pm Dec 8, 2020 11:55pm
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #2,520
  • Dec 9, 2020 12:32am Dec 9, 2020 12:32am
Quoting prozor7
NZDJPY D1 sell - PA above 73.386 PA should change to buy TP 74.668 H4 buy fishing buy @ 73.200 {image}
NZDJPY
close 3/4 @ 73.700
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
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