Pro7 PA trading analysis 28+GOLD | Page 148 | Forex Factory

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Pro7 PA trading analysis 28+GOLD

  • #2,941
  • Jan 13, 2021 3:43pm Jan 13, 2021 3:43pm
Quoting prozor7
{quote} no Bitcoin
Prozor,,,,been meaning to ask as I trade BitCoin everyday, but admittedly find it difficult and tempremental. Why is it that you don't trade it? Is the P.A dynamics on it not reliable, or its volatile nature. I would have thought Gold would be harder than bitcoin, although I am trading Gold more now (more so scalps though as I am still a chicken). Thanks for all your posts, really helps out!
  • #2,942
  • Jan 13, 2021 3:59pm Jan 13, 2021 3:59pm
Quoting four.owls
{quote} Prozor,,,,been meaning to ask as I trade BitCoin everyday, but admittedly find it difficult and tempremental. Why is it that you don't trade it? Is the P.A dynamics on it not reliable, or its volatile nature. I would have thought Gold would be harder than bitcoin, although I am trading Gold more now (more so scalps though as I am still a chicken). Thanks for all your posts, really helps out!
I'm playing a very fun game on 28 fields.
not interested in Bitcoin.

any symbol is difficult and moody. be good @ one
Forex can only be understood backwards, but it must be traded forwards.
  • #2,943
  • Jan 13, 2021 4:59pm Jan 13, 2021 4:59pm
Quoting prozor7
{quote} I'm playing a very fun game on 28 fields. not interested in Bitcoin. any symbol is difficult and moody. be good @ one
Surely there must be a well behaved (P.A wise) pair out there! Some days (like recently) markets seem to be a little up and down, very moody from my perspective! Thanks for your input and I will monitor BTC to see if it is actually worth my time, money and efforts!
  • #2,944
  • Jan 13, 2021 11:24pm Jan 13, 2021 11:24pm
Hi all!
Just seeking some advice on Gold. I am in a losing position and my B/E is 1831, which it touched earlier today. I am wondering about holding for it to come back down to this point, or taking a 0.73% loss. Most of the time, at least 70% of the time, my losses usually prove unnecessary (as they come back to my B/E and often hit my original TP) but I am having a bad time lately with fear and anxiety...I don't know what has come over me...just lost my good run and hit that point where I am re-educating myself to get back to a good strike rate. So any informed help whether to cut and run, or hold and wait would be appreciated!
  • #2,945
  • Jan 14, 2021 12:14am Jan 14, 2021 12:14am
Morning Prozor, Four owls, how is everyone today. Beautiful day here. Prozor sorry I never saw tour question the other day as why I closed my gold trade early. I was shopping with my wife and It was about half an hour before us open and never felt comfortable holding the trade. No real reason, just could not follow the trade properly.
  • #2,946
  • Jan 14, 2021 1:30am Jan 14, 2021 1:30am
Auusd a possible buy to the upside
  • #2,947
  • Jan 14, 2021 2:55am Jan 14, 2021 2:55am
Quoting Houtbay
Morning Prozor, Four owls, how is everyone today. Beautiful day here. Prozor sorry I never saw tour question the other day as why I closed my gold trade early. I was shopping with my wife and It was about half an hour before us open and never felt comfortable holding the trade. No real reason, just could not follow the trade properly.
Morning! Doing okay, except for the beating on Gold...I jumped in when it was selling off, jumped in a bit late, and well, gold is a difficult beast...in fact my profits will be better just not trading it!! lol...I really hate that pair!! I am going to go back over it again, see if I really will trade it....it's just too volatile and erratic for me!! sigh! So now, I need to recover my 1% to even B/E today...unless a miracle happens and Gold goes back down to 1835 (I have scalped it a few times to bring my B/E up a bit...)...
How are you doing?
  • #2,948
  • Jan 14, 2021 3:00am Jan 14, 2021 3:00am
I am doing well. Spending my last week with the family before they start school. I find I do better in the currencies. Gold is difficult to trade. The reason for the retrace was resistance on the daily. The longer term direction should be down though.
Build ones confidence because when that goes then one does revenge trading and just throws good money away.
  • #2,949
  • Jan 14, 2021 3:09am Jan 14, 2021 3:09am
Selling nzdusd.
  • #2,950
  • Jan 14, 2021 3:24am Jan 14, 2021 3:24am
good day to all
Forex can only be understood backwards, but it must be traded forwards.
  • #2,951
  • Edited 5:05am Jan 14, 2021 4:06am | Edited 5:05am
Quoting Houtbay
Selling nzdusd.
You do realize that Master Prozor is going to ask you why...! lol...(meant in a nice way, not sarcastic way!). I must admit I am not sure what your logic is here Houtbay....although I can't talk about logic, I jumped onto Gold, that I thankfully got out at nearly B/E by scalping extra downward moves (about 5 times to bring my entry price up to get out....very small loss,,,maybe about 0.3%...good enough for me to be relieved and learned another big lesson...actually several!!).
  • #2,952
  • Jan 14, 2021 4:10am Jan 14, 2021 4:10am
Quoting Houtbay
I am doing well. Spending my last week with the family before they start school. I find I do better in the currencies. Gold is difficult to trade. The reason for the retrace was resistance on the daily. The longer term direction should be down though. Build ones confidence because when that goes then one does revenge trading and just throws good money away.
Yes..so true..revenge trading is something that I fight, although it is getting less intense. I am more relaxed about things, but this is my sole income (although I can live off about $150/$200 a day as my expenses are quite low thankfully....so I don't need much to get by once I get a bit more consistent)...
  • #2,953
  • Jan 14, 2021 4:11am Jan 14, 2021 4:11am
Quoting four.owls
{quote} You do realize that Master Prozor is going to ask you why...! lol...(meant in a nice way, not sarcastic way!)
lol
Forex can only be understood backwards, but it must be traded forwards.
  • #2,954
  • Jan 14, 2021 6:18am Jan 14, 2021 6:18am
Four owls don’t get married, because if you have a wife and kids you need a lot more than that. Work on following a system with confidence.
  • #2,955
  • Jan 14, 2021 6:46am Jan 14, 2021 6:46am
Quoting prozor7
EURUSD watching MN 1.21453 as support if PA hit 1.21275 I'm buying
EURUSD
let see 4th day testing 1.21453

possible spike down to 1.21275 if hold I'm staying bullish

for me PA above 1.21453 bullish below bearish
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #2,956
  • Jan 14, 2021 6:59am Jan 14, 2021 6:59am
1.21327 is support on the 4 hour Eurusd. We will see what happens at this level.
  • #2,957
  • Jan 14, 2021 7:02am Jan 14, 2021 7:02am
Good call as usual
  • #2,958
  • Jan 14, 2021 7:10am Jan 14, 2021 7:10am
Daily support for Eurusd at 1.20850. What level do have Prozor?, since I’m still not on your system
  • #2,959
  • Jan 14, 2021 7:18am Jan 14, 2021 7:18am
Yes sorry I see from you previous post support at 1.20874-1.20552.
  • #2,960
  • Jan 14, 2021 8:55am Jan 14, 2021 8:55am
Usdchf sell on daily, buy back possibly at 0.88850
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