Pro7 PA trading analysis 28+GOLD | Page 130 | Forex Factory

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Pro7 PA trading analysis 28+GOLD

  • #2,581
  • Dec 11, 2020 6:43am Dec 11, 2020 6:43am
Quoting prozor7
GBPCAD watching 1.68341 - 1.67586 as support for potential long {image}
GBPCAD
beauty of the pattern, hope you jump in
SL 1.68341
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #2,582
  • Dec 11, 2020 7:39am Dec 11, 2020 7:39am
Yes I saw, first support off the daily and then support off the 4 hour. Took balls of steel. Well done
  • #2,583
  • Dec 11, 2020 8:10am Dec 11, 2020 8:10am
time to close fish market.
hope you have lucrative week
wish you all great weekend, see you on Monday
Attached Image (click to enlarge)
Click to Enlarge Name: bucket.jpg Size: 40 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #2,584
  • Dec 11, 2020 11:10am Dec 11, 2020 11:10am
Last post Gbpusd is down on the weekly, daily, 4 hour. Worth following.
  • #2,585
  • Dec 11, 2020 11:33am Dec 11, 2020 11:33am
The art of being a contrarian investor and going against the masses. Gbpusd sucking in the masses
  • #2,586
  • Dec 11, 2020 11:57am Dec 11, 2020 11:57am
Gbpusd moving upwards nicely.
  • #2,587
  • Dec 11, 2020 2:09pm Dec 11, 2020 2:09pm
Quoting prozor7
time to close fish market. hope you have lucrative week wish you all great weekend, see you on Monday {image}
Thanks Prozor...have a good weekend, and looking forward to a great week next week!
  • #2,588
  • Dec 11, 2020 2:29pm Dec 11, 2020 2:29pm
Quoting Houtbay
Gbpusd moving upwards nicely.
Have a good weekend! I will be doing some review and chart time over the weekend, but apart from that, not much really happening!
  • #2,589
  • Dec 11, 2020 10:15pm Dec 11, 2020 10:15pm
Hi fourowls. We are all very good at over complicating things. With trading we use too many indicators which all give conflicting information. Try to keep your charts as clean as possible. Focus on larger time frames especially the daily and 4 hour and you will start picking up patterns which create areas of support and resistance. Prozor tries to dictate these areas more accurately by using his time breakdowns.
I have come to realise that trading is not difficult, we make it difficult.
Regards and enjoy your weekend
  • #2,590
  • Dec 12, 2020 8:12am Dec 12, 2020 8:12am
Possible tp for Gbpusd 1.33
  • #2,591
  • Edited 6:59pm Dec 13, 2020 5:02pm | Edited 6:59pm
Quoting Houtbay
Hi fourowls. We are all very good at over complicating things. With trading we use too many indicators which all give conflicting information. Try to keep your charts as clean as possible. Focus on larger time frames especially the daily and 4 hour and you will start picking up patterns which create areas of support and resistance. Prozor tries to dictate these areas more accurately by using his time breakdowns. I have come to realise that trading is not difficult, we make it difficult. Regards and enjoy your weekend
I can't even explain how true this statement is! The amount of times, even recently that I over complicate things, over do my fears etc...and get out of trades too early. I would doing really well and although getting better, I still tend to over complicate. To be honest, I really just use my 20EMA and to a lesser degree my 89EMA...
I traded Bitcoin for a small scalp sell this morning for a few dollars, but haven't committed to anything serious yet as it is early in the Asian session and Mondays here are generally slow until about the London open time. Was eyeing off a sell in Gold, but not sure yet..
P.s Did short Gold but got out with a very small profit, too early in the day for Gold and probably a bit premature anyway...
  • #2,592
  • Dec 13, 2020 8:50pm Dec 13, 2020 8:50pm
Euraud is a possible sell. Tp 1.60550
  • #2,593
  • Dec 13, 2020 8:57pm Dec 13, 2020 8:57pm
Another thing I was meaning to ask, does anyone regularly trade the US30 or GER30...the Indices? I have traded them a bit but not regularly..they seem to have a bit of movement each day but don't see them mentioned much at all! Are they 'trickier' than normal pairs/gold etc? Cheers!
  • #2,594
  • Dec 13, 2020 8:58pm Dec 13, 2020 8:58pm
Please don’t follow my Euraud call, I was looking at the wrong levels.
  • #2,595
  • Dec 13, 2020 11:09pm Dec 13, 2020 11:09pm
Quoting Houtbay
Please don’t follow my Euraud call, I was looking at the wrong levels.
LOL...still would have worked out fine so far,,heading down to the 1.60550 mark...I didn't take it as it didn't quite sit right with me at this time (not criticizing!) but would have produced a few dollars! I am still looking for my solid income for the day trade yet...made some dollars,,,need something solid!
  • #2,596
  • Dec 13, 2020 11:28pm Dec 13, 2020 11:28pm
Gold target for today 1815
  • #2,597
  • Dec 14, 2020 12:35am Dec 14, 2020 12:35am
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #2,598
  • Dec 14, 2020 12:44am Dec 14, 2020 12:44am
Euraud looks like it has support off the weekly and monthly. With my kids so today is a non trading day.
  • #2,599
  • Dec 14, 2020 4:21am Dec 14, 2020 4:21am
not much action today.

R:R is to big to post potential trade
Forex can only be understood backwards, but it must be traded forwards.
  • #2,600
  • Dec 14, 2020 6:13am Dec 14, 2020 6:13am
USDJPY
watching 103.533 - 103.451 for long

PS
with potential spike down to 103.234
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
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