Pro7 PA trading analysis 28+GOLD | Page 152 | Forex Factory

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Pro7 PA trading analysis 28+GOLD

  • #3,021
  • Jan 18, 2021 7:26am Jan 18, 2021 7:26am
Quoting pundit78
{quote} I understand, slippage of 20-30 pips can be accepted but its 170 pips. I think its time to change my broker.
I change a few broker in my trading time, result is always the same; slippage is unpredictable and unavoidable as long as you using SL.
Forex can only be understood backwards, but it must be traded forwards.
  • #3,022
  • Jan 18, 2021 7:36am Jan 18, 2021 7:36am
Quoting ugank106
{quote} alright sir my target should be better next what do you think about trading another pair sir ? ( for me ) should i try another currency ? or i just focus on gold for now ?
@ first I will say that, as long as you have problems with emotions, result will be the same whatever symbol you trade.

if you trade on H1 which I consider scalp (everything below H1 is scalp for me) your trades should be faster (average H1 candle on GOLD is 60 pips).
Forex can only be understood backwards, but it must be traded forwards.
  • #3,023
  • Jan 18, 2021 8:05am Jan 18, 2021 8:05am
Quoting prozor7
{quote} @ first I will say that, as long as you have problems with emotions, result will be the same whatever symbol you trade. if you trade on H1 which I consider scalp (everything below H1 is scalp for me) your trades should be faster (average H1 candle on GOLD is 60 pips).
alright sir , thank you i try to control my emotions first then ill try another symbol
noted sir
  • #3,024
  • Jan 18, 2021 8:54am Jan 18, 2021 8:54am
BITCOIN
I don't trade bitcoin !!!

on slow day I take a look to see where PA could go. here is my analysis:
Pay attention to MN 35883.43 as support breaking this line PA should go down to W1 33267.59 where is last support for this up move.

breaking W1 33267.59 sell of should start and PA should go more down to 26127.02 where most traders will realize that PA should close the gap @ 23113.26
Attached Image (click to enlarge)
Click to Enlarge Name: bitcoin.png Size: 48 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #3,025
  • Jan 18, 2021 8:58am Jan 18, 2021 8:58am
Quoting prozor7
working on US30, looking promising???? {image}
test phase should end @ beginning of February, and it still looking promising
Attached Image (click to enlarge)
Click to Enlarge Name: us30.png Size: 41 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #3,026
  • Jan 18, 2021 9:28am Jan 18, 2021 9:28am
Prozor have a look at the daily and 4 hour for Bitcoin. I am not trading, but the chart confirms what you mentioned earlier about possible direction.
  • #3,027
  • Jan 18, 2021 9:42am Jan 18, 2021 9:42am
Quoting Houtbay
Prozor have a look at the daily and 4 hour for Bitcoin. I am not trading, but the chart confirms what you mentioned earlier about possible direction.
here
PA in D1 resistance 36591.50 - H4/D1 support 36072.37
Attached Image (click to enlarge)
Click to Enlarge Name: bit.png Size: 46 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #3,028
  • Jan 18, 2021 9:44am Jan 18, 2021 9:44am
Nzdusd looks like it might possibly be selling to the downside.
  • #3,029
  • Jan 18, 2021 10:04am Jan 18, 2021 10:04am
Quoting Houtbay
Nzdusd looks like it might possibly be selling to the downside.
pay attention to D1 0.71228 buy above sell below

H4 indicate buy breaking 0.71380 should confirm buy. see post with all H4 charts TP 0.71600 - 0.71820
Forex can only be understood backwards, but it must be traded forwards.
  • #3,030
  • Jan 18, 2021 11:16am Jan 18, 2021 11:16am
There might be a possible 1600 dollar correction in Bitcoin downwards. Good call on gold Prozor closing long position.
  • #3,031
  • Jan 18, 2021 10:35pm Jan 18, 2021 10:35pm
Eurjpy a possible sell. Tp 125.082
  • #3,032
  • Jan 19, 2021 12:58am Jan 19, 2021 12:58am
Eurjpy at it extreme, the band is fully stretched. A correction is due.
  • #3,033
  • Jan 19, 2021 1:20am Jan 19, 2021 1:20am
Also possibly selling usjpy
  • #3,034
  • Jan 19, 2021 1:28am Jan 19, 2021 1:28am
Is it possible to buy gold? The gold looks jump higher next days
  • #3,035
  • Jan 19, 2021 1:39am Jan 19, 2021 1:39am
Don’t buy gold, it should fall.
  • #3,036
  • Jan 19, 2021 1:41am Jan 19, 2021 1:41am
Oh so i will stay away from gold. Wait for lower price to buy. Thanks!
  • #3,037
  • Jan 19, 2021 1:54am Jan 19, 2021 1:54am
Quoting Houtbay
Eurjpy a possible sell. Tp 125.082
The trend on 4H and 1 1H is upward, trading against the trend killing. It's not ready for a sell yet. If you took the sell then, you will be in loss now. Pay attention to 126.0
  • #3,038
  • Jan 19, 2021 2:12am Jan 19, 2021 2:12am
Sorry I was wrong about gold.
  • #3,039
  • Jan 19, 2021 3:07am Jan 19, 2021 3:07am
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #3,040
  • Jan 19, 2021 6:34am Jan 19, 2021 6:34am
not a single trade today.

@ this moment I don't see potential trade, sitting on my hands.

if you girls / guys see something interesting please post
Forex can only be understood backwards, but it must be traded forwards.
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