Pro7 PA trading analysis 28+GOLD | Page 170 | Forex Factory

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Pro7 PA trading analysis 28+GOLD

  • #3,381
  • Feb 4, 2021 10:35pm Feb 4, 2021 10:35pm
Quoting Torontom
{quote} This mightve been asked and answered already but how'd you get those levels set @prozor7? Thanks
post3
Forex can only be understood backwards, but it must be traded forwards.
  • #3,382
  • Feb 4, 2021 10:39pm Feb 4, 2021 10:39pm
Currently the Eurusd is being directed by the weekly and daily downwards
  • #3,383
  • Feb 4, 2021 10:48pm Feb 4, 2021 10:48pm
GOLD
pay attention to 1797 as H4 resistance

max down I expect 1780 - 1773
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 51 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #3,384
  • Feb 4, 2021 11:29pm Feb 4, 2021 11:29pm
Usdchf possibly long at 0.90350. Tp 0.907
  • #3,385
  • Feb 4, 2021 11:36pm Feb 4, 2021 11:36pm
GOLD
H1 loosing buy momentum can it push PA to 1805
Forex can only be understood backwards, but it must be traded forwards.
  • #3,386
  • Feb 4, 2021 11:56pm Feb 4, 2021 11:56pm
Gbpnzd possibly buy at 1.9082. Tp 1.92
Markets slow at the moment, caught in tight ranges.
  • #3,387
  • Feb 5, 2021 12:24am Feb 5, 2021 12:24am
Gbpusd possibly sell down has reached its Tp
  • #3,388
  • Feb 5, 2021 12:32am Feb 5, 2021 12:32am
Gbpusd at 1.3750 changes trend upwards
  • #3,389
  • Feb 5, 2021 1:28am Feb 5, 2021 1:28am
Quoting prozor7
GOLD H1 loosing buy momentum can it push PA to 1805
GOLD
1804 H1 resistance / support
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 60 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #3,390
  • Feb 5, 2021 1:53am Feb 5, 2021 1:53am
Prozor7,
Good morning. I want to thank you for the trading system and your willingness of assisting others to better their trading.

I have finished reading the thread. And have lot of questions. I am starting with the fibo line,are the following Base Lines for H1 Daily Support,H4 Weekly Support, and ,D1 Monthly Support drawn properly? I will add the other support levels later

You had shown an example for H1 ( https://www.forexfactory.com/thread/...9#post13091739 ) please show similar example for H4 and D1
Do you always divide the range into 4 parts?

Other questions later. Thank you
Attached Image(s) (click to enlarge)
Click to Enlarge Name: H1 Daily.png Size: 134 KB
Click to Enlarge Name: H4 Weekly.png Size: 131 KB
Click to Enlarge Name: D1 Monthly.png Size: 128 KB
  • #3,391
  • Feb 5, 2021 1:57am Feb 5, 2021 1:57am
Quoting Houtbay
Gbpusd at 1.3750 changes trend upwards
Hi Houtbay,

what’s your winning rate according to your signals that you post?
Look ahead. Reste positif
  • #3,392
  • Feb 5, 2021 3:41am Feb 5, 2021 3:41am
Quoting Godwin Igili
Prozor7, Good morning. I want to thank you for the trading system and your willingness of assisting others to better their trading. I have finished reading the thread. And have lot of questions. I am starting with the fibo line,are the following Base Lines for H1 Daily Support,H4 Weekly Support, and ,D1 Monthly Support drawn properly? I will add the other support levels later You had shown an example for H1 ( https://www.forexfactory.com/thread/...9#post13091739 ) please show similar example for H4 and D1 Do you always divide...
here you can read EURUSD fibo lines

fibo lines are dynamic each TF explained in post3

"Do you always divide the range into 4 parts? "
didn't understand question but I will say no I divide in as many as mt4 can drawn.

advice:
you should be looking for a pattern that you see and reason why would you enter in to trade
Forex can only be understood backwards, but it must be traded forwards.
  • #3,393
  • Feb 5, 2021 3:49am Feb 5, 2021 3:49am
Thank you Prozor7.
Do they match your calculations and charts?

I am still trying to get good understanding of your post 3.
  • #3,394
  • Feb 5, 2021 4:02am Feb 5, 2021 4:02am
Quoting Godwin Igili
Thank you Prozor7. Do they match your calculations and charts? I am still trying to get good understanding of your post 3.
green arrows H4 possible scenario
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 70 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #3,395
  • Feb 5, 2021 4:02am Feb 5, 2021 4:02am
Serve in a game of chance if you toss a coin, the winning rate is close to 50 percent. The casino has the odds in their favour and also a person bets against their own emotions. So in reality most lose, because most people can’t control their emotions. As Prozor always states everyone needs to see and recognise a pattern, and follow patterns to build consistency. I would think that most successful currency traders have about an 80 percent winning rate.
  • #3,396
  • Feb 5, 2021 4:20am Feb 5, 2021 4:20am
Today is nfp. Any setup for any currencies guys. Mine is to watch dow nd nas for a sell.
Arun
  • #3,397
  • Feb 5, 2021 4:35am Feb 5, 2021 4:35am
Quoting Godwin Igili
Thank you Prozor7. Do they match your calculations and charts? I am still trying to get good understanding of your post 3.
Quoting prozor7
{quote} GOLD 1804 H1 resistance / support {image}
GOLD
look H1 1804
Forex can only be understood backwards, but it must be traded forwards.
  • #3,398
  • Feb 5, 2021 5:24am Feb 5, 2021 5:24am
Nzdusd possibly selling down to 0.70950 and then buy for a long upwards.
  • #3,399
  • Feb 5, 2021 5:39am Feb 5, 2021 5:39am
Quoting arunthegreat
Today is nfp. Any setup for any currencies guys. Mine is to watch dow nd nas for a sell.
USD playing hackey sack.
  • #3,400
  • Feb 5, 2021 5:45am Feb 5, 2021 5:45am
Quoting Houtbay
Nzdusd possibly selling down to 0.70950 and then buy for a long upwards.
Dude, you're just throwing out random trade ideas without saying why..
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