Pro7 PA trading analysis 28+GOLD | Page 147 | Forex Factory

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Pro7 PA trading analysis 28+GOLD

  • #2,921
  • Jan 13, 2021 3:07am Jan 13, 2021 3:07am
Quoting ugank106
{quote} sir how can i find the support and resistance of any currency ?
you have to see them on your chart!
you post them, question you have to ask is "Why I didn't trust them?"
do you know the answer to that question?

I saw them on your chart as lines and post :
support @ 1845
resistance @ 1865
Forex can only be understood backwards, but it must be traded forwards.
  • #2,922
  • Edited 3:51am Jan 13, 2021 3:24am | Edited 3:51am
AUD
I'm looking to sell
watching H4 area
Attached Image (click to enlarge)
Click to Enlarge Name: aud.png Size: 59 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #2,923
  • Jan 13, 2021 3:34am Jan 13, 2021 3:34am
Quoting prozor7
{quote} you have to see them on your chart! you post them, question you have to ask is "Why I didn't trust them?" do you know the answer to that question? I saw them on your chart as lines and post : support @ 1845 resistance @ 1865
oohh damn i got it , so the support and resistance we draw it by our self isnt it ?
im gonna CL my sell @1836 into 1840 if the price touch that number
  • #2,924
  • Edited 5:22am Jan 13, 2021 5:11am | Edited 5:22am
Quoting prozor7
EURAUD fishing pending buy @ 1.57334 EDIT: D1 indicate trend change from sell to buy - PA above D1 1.57471 confirm buy H4 indicate loosing sell momentum {image}
EURAUD
update
do you see that PA @ 1.57334 reject buy
now let see can 1.57109 hold
and you have H1 range. can it be more simple that this?
Attached Image
EDIT
1. question is what is trader believes ?
is this bullish range ?
is this bearish range ?
Forex can only be understood backwards, but it must be traded forwards.
  • #2,925
  • Jan 13, 2021 5:25am Jan 13, 2021 5:25am
Prozor I have 2 questions
The correlation between the various currencies is that worked out on which time frame?
When you get a set up on the larger time frames, do you enter on the 1 hour, or 15 minute?
Many thanks
  • #2,926
  • Jan 13, 2021 5:32am Jan 13, 2021 5:32am
Your graph I would say is a bullish range with a retrace upwards to the higher green line
  • #2,927
  • Jan 13, 2021 5:43am Jan 13, 2021 5:43am
Eurusd should think of closing short and long at1.21550
  • #2,928
  • Jan 13, 2021 5:57am Jan 13, 2021 5:57am
Quoting prozor7
{quote} EURAUD update do you see that PA @ 1.57334 reject buy now let see can 1.57109 hold and you have H1 range. can it be more simple that this? {image}EDIT 1. question is what is trader believes ? is this bullish range ? is this bearish range ?
My gut feeling is that it may have a retrace up to the 1.57245ish region (where I have a 20EMA)...so temporary bull but with retesting the rising trend line though... personally never traded the EA much due to its quirky personality...(polite way of saying I don't like it! lol)...as I write it is pushing down to retest that rising trend line....stupid cow it is...lol...
  • #2,929
  • Jan 13, 2021 6:57am Jan 13, 2021 6:57am
Quoting Houtbay
Prozor I have 2 questions The correlation between the various currencies is that worked out on which time frame? When you get a set up on the larger time frames, do you enter on the 1 hour, or 15 minute? Many thanks
correlation is in real time, result is always the same what ever TF use

I'm entering on calculations PA & Time

my post are before trade so you have time to react like EURAUD or selling AUD, isn't that a beauty hot it start to move
Forex can only be understood backwards, but it must be traded forwards.
  • #2,930
  • Jan 13, 2021 7:14am Jan 13, 2021 7:14am
Strong buy Gold until weekend marked closed.
Attached Image (click to enlarge)
Click to Enlarge Name: e88a28869d692173cadf949b2c3cd770.png Size: 41 KB
  • #2,931
  • Jan 13, 2021 7:50am Jan 13, 2021 7:50am
EURCAD
fishing buy @ 1.54670
SL tight
Forex can only be understood backwards, but it must be traded forwards.
  • #2,932
  • Jan 13, 2021 7:52am Jan 13, 2021 7:52am
Quoting GoldBuster
Strong buy Gold until weekend marked closed. {image}
nice
chart TF
Forex can only be understood backwards, but it must be traded forwards.
  • #2,933
  • Edited 8:22am Jan 13, 2021 8:04am | Edited 8:22am
GBPCHF
fishing sell @ 1.21499

EDIT
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #2,934
  • Jan 13, 2021 8:26am Jan 13, 2021 8:26am
Hi Prozor, sorry to digress a bit. DO you trade Bitcoin? Also from all these speculation about bitcoin getting to $400 what is your opinion. Also looking at the bitcoin chat, what is opinion on the recent price, I forsee Nitcoin coming down to $22k because i see a lot of gaps to close before climbing up. I will send chat in another
  • #2,935
  • Jan 13, 2021 8:33am Jan 13, 2021 8:33am
I doubt if gold won’t visit 1800 first before shooting up.
Look ahead. Reste positif
  • #2,936
  • Jan 13, 2021 8:47am Jan 13, 2021 8:47am
Quoting stevostical
Hi Prozor, sorry to digress a bit. DO you trade Bitcoin? Also from all these speculation about bitcoin getting to $400 what is your opinion. Also looking at the bitcoin chat, what is opinion on the recent price, I forsee Nitcoin coming down to $22k because i see a lot of gaps to close before climbing up. I will send chat in another
no Bitcoin
Forex can only be understood backwards, but it must be traded forwards.
  • #2,937
  • Jan 13, 2021 9:37am Jan 13, 2021 9:37am
Quoting prozor7
GBPCHF fishing sell @ 1.21499 EDIT {image}
GBPCHF
update
closing @ 1.20963
Forex can only be understood backwards, but it must be traded forwards.
  • #2,938
  • Jan 13, 2021 11:11am Jan 13, 2021 11:11am
NZD
H4 loosing buy momentum
NZDCHF
fishing sell @ 0.63770

NZDJPY
fishing sell @ 74.669
Forex can only be understood backwards, but it must be traded forwards.
  • #2,939
  • Jan 13, 2021 1:20pm Jan 13, 2021 1:20pm
1855 is the reflection point for gold. If this line holds then gold up to 1906, if the line breaks, gold down to 1816.
  • #2,940
  • Jan 13, 2021 1:54pm Jan 13, 2021 1:54pm
Quoting Houtbay
1855 is the reflection point for gold. If this line holds then gold up to 1906, if the line breaks, gold down to 1816.
I think there are higher chances that 1860 will hold. We possibly going to see 1800 before Friday.
Look ahead. Reste positif
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