Pro7 PA trading analysis 28+GOLD | Page 144 | Forex Factory

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Pro7 PA trading analysis 28+GOLD

  • #2,861
  • Jan 8, 2021 7:30am Jan 8, 2021 7:30am
Quoting Houtbay
Prozor why do so many people get trading so wrong?
superficial approach
Forex can only be understood backwards, but it must be traded forwards.
  • #2,862
  • Jan 8, 2021 7:54am Jan 8, 2021 7:54am
Weather here is great. Going swimming. The beaches are locked down at the moment. Everything is out of control at the moment, the worlds moving towards greater controls. Happy to be in Africa away from what lies ahead.
  • #2,863
  • Jan 8, 2021 11:31pm Jan 8, 2021 11:31pm
Quoting Houtbay
Gold possibly down to 1847
Sir, Your observation is very correct. Always share such type of indications. unfortunately I placed Buy order and lost trade.
I have recently joined Forum. We are part time trader and dont spend too much time on analysis. So if Expert like you share such indications it will be very helpful for us.
Thanks Sir
  • #2,864
  • Jan 9, 2021 9:42am Jan 9, 2021 9:42am
Hi never-settle by sharing my views I am learning myself, however the only way you can learn is also by posting your own views and analysis even if incorrect. One learns by doing, not viewing.
  • #2,865
  • Jan 10, 2021 8:12am Jan 10, 2021 8:12am
Eurusd may possibly retrace up to 1.22600 where we have first level of resistance. Second level of resistance is at 1.22850
If price penetrates through 1.22850 then hold for a long movement up.
If price sells down from 1.22600 then sell short.
  • #2,866
  • Jan 10, 2021 11:55pm Jan 10, 2021 11:55pm
Usdchf possibly sell at 0.89150 on weekly, daily, 4 hour.
  • #2,867
  • Jan 11, 2021 12:04am Jan 11, 2021 12:04am
Gbpcad possibly sell. Tp 1.71748
  • #2,868
  • Jan 11, 2021 2:49am Jan 11, 2021 2:49am
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #2,869
  • Jan 11, 2021 3:21am Jan 11, 2021 3:21am
Quoting prozor7
good morning to all
Morning from Queensland, Australia!
  • #2,870
  • Jan 11, 2021 4:02am Jan 11, 2021 4:02am
Quoting four.owls
{quote} Morning from Queensland, Australia!
lol its already good night here in sydney
  • #2,871
  • Jan 11, 2021 4:08am Jan 11, 2021 4:08am
Quoting MrAashir
{quote} lol its already good night here in sydney
LOL..yes of course, but I meant Good morning to Prozor in his time, I kind of time travelled!
  • #2,872
  • Jan 11, 2021 5:59am Jan 11, 2021 5:59am
GBPUSD
if 1.34889 hold
fishing pending buy @ 1.34962
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #2,873
  • Jan 11, 2021 6:06am Jan 11, 2021 6:06am
GBPUSD
breaking 1.34961 next support targets down are 1.34248 - 1.33612 - 1.33271
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #2,874
  • Jan 11, 2021 7:30am Jan 11, 2021 7:30am
EURUSD
watching MN 1.21453 as support
if PA hit 1.21275 I'm buying
Forex can only be understood backwards, but it must be traded forwards.
  • #2,875
  • Jan 11, 2021 10:43am Jan 11, 2021 10:43am
Quoting prozor7
EURUSD watching MN 1.21453 as support if PA hit 1.21275 I'm buying
EURUSD
update
possible resistance @ 1.21649 - 1.21733
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #2,876
  • Jan 11, 2021 12:26pm Jan 11, 2021 12:26pm
The most important question in trading is why am I entering this position? The answer should be that it agrees with my set up on various or one time frame. If you can’t answer this question then don’t bet on the position because you will lose.
Knowing why is the holy grail of trading.
  • #2,877
  • Jan 11, 2021 12:56pm Jan 11, 2021 12:56pm
Prozor what is the difference between supply and demand and support and resistance? Does it not overlap in many cases?
  • #2,878
  • Jan 11, 2021 2:44pm Jan 11, 2021 2:44pm
Quoting Houtbay
Prozor what is the difference between supply and demand and support and resistance? Does it not overlap in many cases?
Supply and demand
From Wikipedia, the free encyclopedia

In microeconomics, supply and demand is an economic model of price determination in a market. It postulates that, holding all else equal, in a competitive market, the unit price for a particular good, or other traded item such as labor or liquid financial assets, will vary until it settles at a point where the quantity demanded (at the current price) will equal the quantity supplied (at the current price), resulting in an economic equilibrium for price and quantity transacted.

to be honest explanation is to complicated for me to understand it, sorry can't answer
Forex can only be understood backwards, but it must be traded forwards.
  • #2,879
  • Jan 11, 2021 11:35pm Jan 11, 2021 11:35pm
Morning Prozor. A beautiful day here in Cape Town and children’s school opens in one weeks time hopefully. Hope you are well.
  • #2,880
  • Jan 12, 2021 1:12am Jan 12, 2021 1:12am
Cadjpy is a possible buy. Tp82
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