Pro7 PA trading analysis 28+GOLD | Page 141 | Forex Factory

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Pro7 PA trading analysis 28+GOLD

  • #2,801
  • Jan 5, 2021 9:33am Jan 5, 2021 9:33am
Quoting prozor7
EURUSD fishing pending buy @ 1.22792 small position SL 1.22500 {image}
EURUSD
update
close @ 1.23045
Forex can only be understood backwards, but it must be traded forwards.
  • #2,802
  • Jan 5, 2021 9:47am Jan 5, 2021 9:47am
Quoting prozor7
AUDJPY D1 buy H4 sell if PA hold potential buy @ 78.992 max down should be 78.790 {image}
AUDJPY
update
close @ 79.660
Forex can only be understood backwards, but it must be traded forwards.
  • #2,803
  • Jan 5, 2021 11:45am Jan 5, 2021 11:45am
Quoting prozor7
NZDJPY D1 buy H4 sell - possible push down to 73.844 watching H4 for potential buy in range 74.185 - 73.775 {image}
NZDJPY
update
close @ 74.500
Forex can only be understood backwards, but it must be traded forwards.
  • #2,804
  • Jan 5, 2021 11:48am Jan 5, 2021 11:48am
Quoting prozor7
AUDCHF D1 sell - PA above 0.67745 indicate buy mode H4 sell - PA above 0.67781 indicate buy mode TP1 0.68337 - TP2 0.68546 {image}
AUDCHF
update
close @ 0.68270
Forex can only be understood backwards, but it must be traded forwards.
  • #2,805
  • Jan 5, 2021 12:06pm Jan 5, 2021 12:06pm
that was great beginning of the year.
hope you catch some pips, cash now.

see you tomorrow.
Forex can only be understood backwards, but it must be traded forwards.
  • #2,806
  • Jan 5, 2021 9:47pm Jan 5, 2021 9:47pm
Eurjpy is a possible buy. Tp 1.26800
  • #2,807
  • Jan 5, 2021 10:06pm Jan 5, 2021 10:06pm
Usdchf a possible sell. Tp 0.877
  • #2,808
  • Jan 5, 2021 11:21pm Jan 5, 2021 11:21pm
Gbpcad buy back 1.72400
  • #2,809
  • Jan 6, 2021 12:23am Jan 6, 2021 12:23am
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #2,810
  • Jan 6, 2021 12:53am Jan 6, 2021 12:53am
Currency trading is like a marathon, continuous effort over a period of time and one slowly improves.
  • #2,811
  • Jan 6, 2021 1:51am Jan 6, 2021 1:51am
Quoting Houtbay
Currency trading is like a marathon, continuous effort over a period of time and one slowly improves.
So true..I was just thinking earlier, I am feeling a bit tired and sometimes go around in circles for little money (although I have reduced sizes while I test out and strengthen my method and a few things)...yes very true! However you get the days where everything works well and you think, "I actually like trading"!! lol....
  • #2,812
  • Jan 6, 2021 2:30am Jan 6, 2021 2:30am
1.37100 is resistance on the daily and weekly for Gbpusd.
  • #2,813
  • Jan 6, 2021 4:56am Jan 6, 2021 4:56am
Quoting prozor7
{quote} GOLD in 2021 year I'm looking for 2028.36 on MN chart breaking this line PA open gate for 2241.92 for that PA should need about 3 - 4 month (March - April) I would like to see gap closed before 2028 so I expect up to 1956 - 1966 (possible 1995) than down to 1899 - 1893 gap close. pay attention to 1933 as support {image}
like four.owls say in few post above, "everything works well and you think, "I actually like trading""
than you miss planed trade.
is it appropriate to use F*** word???
Forex can only be understood backwards, but it must be traded forwards.
  • #2,814
  • Jan 6, 2021 6:08am Jan 6, 2021 6:08am
My philosophy that I have lived by, is that everything will go wrong. This has strengthened me into becoming a survivor and relying on myself for most things in life. I however on the other hand always try to help and better the next person if they show interest.
  • #2,815
  • Jan 6, 2021 7:08am Jan 6, 2021 7:08am
Trading is difficult. Most traders lose. Why? We overcomplicate and follow no system. Prozor has taught me how to keep things simple and how to follow a logical system. The worst thing to do is to flip flop from one system to another, since there are thousands of systems. Stick to one system and perfect it so that trading eventually becomes subconscious. Prozor has a great system, we are all lucky to be here. Sure one can’t win all the time, but losing is part of winning. All winning teams have off days.
  • #2,816
  • Jan 6, 2021 7:27am Jan 6, 2021 7:27am
My last bit of irrelevant advice is that success breeds confidence, and as one tends to win more one then becomes more confident, until one stops questioning a system and just knows that it works.
  • #2,817
  • Jan 6, 2021 7:37am Jan 6, 2021 7:37am
Audusd looks like it wants to possibly break upwards.
  • #2,818
  • Jan 6, 2021 7:45am Jan 6, 2021 7:45am
Wrong call, possibly sell higher tf resistance.
  • #2,819
  • Jan 6, 2021 12:35pm Jan 6, 2021 12:35pm
Quoting prozor7
{quote} like four.owls say in few post above, "everything works well and you think, "I actually like trading"" than you miss planed trade. is it appropriate to use F*** word???
Haha...again words of truth and reality. Last night (I am in Queensland, so UTC +10 time) I was short Gold....a bit over-leveraged to be honest but got wiggled out, then boom, it crashes down. Yesterday I came away the whole day B/E (although after analyzing my trades 3 out of 4 were good but I used about a 10th of my usual amount as I am building up my statistics and testing so I reduce capital to preserve it). So yes, I missed trades, and let fear of loss either make me miss a trade or take profit too early!
You are right, sometimes it makes you want to swear, but then again I remember, the market has opportunities new every day so I will focus on that instead! Thanks for your wise guidance! I really need to get established trading full time!
  • #2,820
  • Jan 6, 2021 3:16pm Jan 6, 2021 3:16pm
Hello everyone!
I just want to ask advice! I am an intermediate trader, fulltime that gets by (especially once I stop overthinking or assuming the worst!). I am finalizing my trading system and learning to work to my boundaries and rules. The question is, should I bother trading the Asian session at all? Some have told me no, others have said that an opportunity is an opportunity regardless of time. It's just that I find that I can go in circles during the Asian session or it may not be as productive. I have been advised by another full time trader to not trade before the London or an hour after London opens to get past that initial volatility.
Thanks all as I move to continuing my dream of being a self sustaining trader (not wealthy, but producing enough each day to get by on).
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