Pro7 PA trading analysis 28+GOLD | Page 169 | Forex Factory

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Pro7 PA trading analysis 28+GOLD

  • #3,361
  • Feb 4, 2021 5:03am Feb 4, 2021 5:03am
Quoting prozor7
{quote} GOLD breaking 1811 next TP 1801 I would like to see pullback before new down - staying aside
Hello all, looking at the 5min chart, if the pattern replicates the last break up (80 bars back) I see it back to 18xx, if not then short term target could be 1824 (200ma on the 5min chart) any views?, Detector
EDIT
(Big round number of 1825 could be more of a magnet)
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,362
  • Feb 4, 2021 5:21am Feb 4, 2021 5:21am
Quoting detector
{quote} Hello all, looking at the 5min chart, if the pattern replicates the last break up (80 bars back) I see it back to 18xx, if not then short term target could be 1824 (200ma on the 5min chart) any views?, Detector EDIT (Big round number of 1825 could be more of a magnet)
nice explanation,

1824 should tell. H4 should indicate buy @ that line and push PA up to 1839
Forex can only be understood backwards, but it must be traded forwards.
  • #3,363
  • Feb 4, 2021 5:28am Feb 4, 2021 5:28am
Quoting prozor7
{quote} nice explanation, 1824 should tell. H4 should indicate buy @ that line and push PA up to 1839
Thanks not that my charting is that accurate, the last attempt to push failed however this time there could be an effort for more (only my opinion) again on the 1min we are over the 200ma suppose this is the guide for any move down as of previous, hold this and it may just work, suppose we will get to see all unfold, D
(balancing on the 200 as I type)
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,364
  • Feb 4, 2021 5:34am Feb 4, 2021 5:34am
1810 is support/ resistance for gold. I will watch what gold does at this level.
  • #3,365
  • Feb 4, 2021 5:40am Feb 4, 2021 5:40am
Quoting Houtbay
1810 is support/ resistance for gold. I will watch what gold does at this level.
If it holds from here with a rise back above the 200, the habit may have changed, 51% sentiment and 49% charting changes the dynamics of how the chart performs, (for me as I see it) D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,366
  • Feb 4, 2021 6:06am Feb 4, 2021 6:06am
Quoting detector
{quote} Hello all, looking at the 5min chart, if the pattern replicates the last break up (80 bars back) I see it back to 18xx, if not then short term target could be 1824 (200ma on the 5min chart) any views?, Detector EDIT (Big round number of 1825 could be more of a magnet)
Now 18xx has been hit, will be interesting from here, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,367
  • Feb 4, 2021 6:39am Feb 4, 2021 6:39am
1793 and 1765 are two levels to watch for the next pull back. Currently the downward momentum is favoured.
  • #3,368
  • Feb 4, 2021 6:45am Feb 4, 2021 6:45am
Opened a long 1790.182 could be wrong but worth a punt for entry.
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,369
  • Feb 4, 2021 7:03am Feb 4, 2021 7:03am
Gbpusd might be a possible sell down, Tp 136.300
  • #3,370
  • Feb 4, 2021 7:03am Feb 4, 2021 7:03am
Who all sold gold today and made decent profits here. ?
Arun
  • #3,371
  • Feb 4, 2021 7:12am Feb 4, 2021 7:12am
Quoting arunthegreat
Who all sold gold today and made decent profits here. ?
Not me, lost my first short, but well done those who done well from the short, it was a stella move, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,372
  • Feb 4, 2021 7:13am Feb 4, 2021 7:13am
fyi, i didnt enter in gold. just curious to know anybody had decent plan and executed.
Arun
  • #3,373
  • Feb 4, 2021 7:18am Feb 4, 2021 7:18am
Quoting arunthegreat
fyi, i didnt enter in gold. just curious to know anybody had decent plan and executed.
My plan failed the first, should have taken my profit earlier thinking the chart was showing a change, sentiment changes all, Gold still sketchy as a short but thinking any interest will rocket this, waiting for bitcoin rinsers to come back into Gold
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,374
  • Feb 4, 2021 7:19am Feb 4, 2021 7:19am
Quoting detector
Opened a long 1790.182 could be wrong but worth a punt for entry.
Closed for a sheckle
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,375
  • Feb 4, 2021 9:55am Feb 4, 2021 9:55am
Gold looks testing now support point

Attached Image (click to enlarge)
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  • #3,376
  • Feb 4, 2021 10:35am Feb 4, 2021 10:35am
Last trade possibly sell USDCad 1.28400, Tp 1.27900
  • #3,377
  • Feb 4, 2021 12:27pm Feb 4, 2021 12:27pm
Quoting Houtbay
Have a look at what is happening to price movement around the level what Prozor indicated for gold on H4, and H1 charts. Can anyone give a prediction why this might be happening?

"Maths touches everything we do, allowing us to see the hidden structures beneath the messy and chaotic surface of our daily lives."
Forex can only be understood backwards, but it must be traded forwards.
  • #3,378
  • Feb 4, 2021 1:00pm Feb 4, 2021 1:00pm
Quoting prozor7
{quote} GOLD no with 1871 D1 should be in a buy mode because 1845 is D1 resistance / support {image}
This mightve been asked and answered already but how'd you get those levels set @prozor7?

Thanks
  • #3,379
  • Feb 4, 2021 10:12pm Feb 4, 2021 10:12pm
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #3,380
  • Feb 4, 2021 10:27pm Feb 4, 2021 10:27pm
Gbpusd possibly buy long 1.36800, Tp 1.37
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