Pro7 PA trading analysis 28+GOLD | Page 254 | Forex Factory

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Pro7 PA trading analysis 28+GOLD

  • #5,061
  • May 14, 2021 2:06am May 14, 2021 2:06am
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #5,062
  • May 14, 2021 2:26am May 14, 2021 2:26am
Quoting prozor7
good morning to all
Good day Mr. P. What does the day hold for us?
  • #5,063
  • May 14, 2021 2:43am May 14, 2021 2:43am
Quoting Glorybound
{quote} Good day Mr. P. What does the day hold for us?
A lot of surprises? Because it is frYday.
  • #5,064
  • May 14, 2021 2:48am May 14, 2021 2:48am
Gold is consolidating just below the intermediate trend line. As long as prices don’t close below $1800, many traders consider it’s just a matter of days before prices turn higher and attack the trendline once again. Breaking decisively above $1860 should trigger a quick run to $1920 before the next pullback.

The annual Consumer Price Index rose 4.2% versus the expected 3.6%, and the month-over-month increase was 0.9% versus 0.2%. That was the sharpest monthly rise in nearly 40-years which is fuel for inflation hedges like the precious metals.
Look ahead. Reste positif
  • #5,065
  • May 14, 2021 3:06am May 14, 2021 3:06am
Quoting Glorybound
{quote} Good day Mr. P. What does the day hold for us?
I don't expect action before CAD & USD news
Forex can only be understood backwards, but it must be traded forwards.
  • #5,066
  • May 14, 2021 4:15am May 14, 2021 4:15am
GBPCHF
PA finding support on H4 1.26939 (CHF) losing buy momentum

breaking H1 1.27055 PA should go up to 1.27365 - 1.27460
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #5,067
  • May 14, 2021 5:36am May 14, 2021 5:36am
Quoting prozor7
{quote} I don't expect action before CAD & USD news
It pays to wait sometimes!
  • #5,068
  • Edited 6:40am May 14, 2021 5:56am | Edited 6:40am
Quoting prozor7
GBPCHF PA finding support on H4 1.26939 (CHF) losing buy momentum breaking H1 1.27055 PA should go up to 1.27365 - 1.27460 {image}
GBPCHF
update
close all @ 1.37365

H1 scalp
Forex can only be understood backwards, but it must be traded forwards.
  • #5,069
  • May 14, 2021 6:03am May 14, 2021 6:03am
Quoting prozor7
CADJPY pullback to 89.934 - 89.898 would be great where I will look for buy {image}
CADJPY
update
close all @ 90.150

waiting for a news
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #5,070
  • May 14, 2021 6:11am May 14, 2021 6:11am
My take on Gold for today. If PA moves above 1850 I will look for buys till 1900
Attached Image (click to enlarge)
Click to Enlarge Name: 8C5E40CD-1E25-4C7B-8C04-D55D01F44021.jpeg Size: 79 KB
Look ahead. Reste positif
  • #5,071
  • May 14, 2021 6:15am May 14, 2021 6:15am
Quoting Glorybound
{quote} It pays to wait sometimes!
IMHO
patience is the key to success.

trader always must have a plan A and plan B
it doesn't matter what market will do, it is important what trader will do in plan A price going up or plan B price is going down.
remember market doesn't care about me, you or anybody else

calculate R:R (profit or loss) and move on to next opportunity.

5 rules in trading
1. simple
2. systematic
3. do not assume
4. critic
5. do not panic

pro7
Forex can only be understood backwards, but it must be traded forwards.
  • #5,072
  • May 14, 2021 8:56am May 14, 2021 8:56am
Quoting prozor7
AUDJPY fishing buy @ 84.486 next buy @ 84.332 SL 84.154 TP 84.731 - 85.005 {image}
AUDJPY
update
close all @ 84.900

done for today

cash now
Forex can only be understood backwards, but it must be traded forwards.
  • #5,073
  • May 14, 2021 8:57am May 14, 2021 8:57am
time to close fish market.
hope you have lucrative week.
wish you all great weekend, see you on Monday.
Attached Image (click to enlarge)
Click to Enlarge Name: bucket.jpg Size: 40 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #5,074
  • May 17, 2021 1:06am May 17, 2021 1:06am
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #5,075
  • May 17, 2021 1:43am May 17, 2021 1:43am
Good day Prozor!
  • #5,076
  • May 17, 2021 1:49am May 17, 2021 1:49am
I will be offline - internet connections problems - technical service is on the way
Forex can only be understood backwards, but it must be traded forwards.
  • #5,077
  • May 17, 2021 2:51am May 17, 2021 2:51am
Hi everyone

Gold is unsteady - no setups since Frankfurt open last Friday. Has reached XOP target 1855.00 so expecting a retracement later - probably during NY session

Obvious first target 1840
  • #5,078
  • May 17, 2021 4:24am May 17, 2021 4:24am
Quoting prozor7
I will be offline - internet connections problems - technical service is on the way
back online
that was fast
Forex can only be understood backwards, but it must be traded forwards.
  • #5,079
  • May 17, 2021 5:41am May 17, 2021 5:41am
Quoting Mtinifx
Hi everyone Gold is unsteady - no setups since Frankfurt open last Friday. Has reached XOP target 1855.00 so expecting a retracement later - probably during NY session Obvious first target 1840
1843/40 will be the best zone to look for buys. But if it breaks it we can look at 1800
Attached Image (click to enlarge)
Click to Enlarge Name: DE21D36C-7711-4C8B-974C-1FF56782D612.jpeg Size: 139 KB
Look ahead. Reste positif
  • #5,080
  • May 17, 2021 5:54am May 17, 2021 5:54am
GOLD
D1
PA above 1839 indicate up to 1890 - 1906
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 34 KB
H4
PA breaking 1852 confirm up to 1874 - 1881
Attached Image (click to enlarge)
Click to Enlarge Name: gold4.png Size: 38 KB
Forex can only be understood backwards, but it must be traded forwards.
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