Pro7 PA trading analysis 28+GOLD | Page 258 | Forex Factory

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Pro7 PA trading analysis 28+GOLD

  • #5,141
  • Edited 7:29am May 20, 2021 7:19am | Edited 7:29am
Quoting Glorybound
{quote} Please how do you close 1/2 (half) of your trade? Is it when you have 2 trades of same pair or what?
in MT4 is possible to close 1/2 in every trade bigger from 0.02

EDIT
double click trade with lot size 0.02 in volume select 0.01
Attached Image (click to enlarge)
Click to Enlarge Name: mt4-order-do-partial-close-half-position-704x388.png Size: 31 KB
click close and you will have 0.01 open trade with this comment
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #5,142
  • May 20, 2021 8:12am May 20, 2021 8:12am
Quoting prozor7
GBPUSD watching 1.41442 - 1.41184 where PA have a nice support cluster {image}
GBPUSD
close 1/2 @ 1.41680

possible resistance @ 1.41762
Forex can only be understood backwards, but it must be traded forwards.
  • #5,143
  • May 20, 2021 8:52am May 20, 2021 8:52am
Quoting prozor7
EURGBP H1 - H4 indicate sell mode @ 0.86295 TP 0.86184 - 0.86163 - 0.86085 breaking 0.86085 more down to 0.85922 {image}
EURGBP
close 1/2 @ 0.86184
Forex can only be understood backwards, but it must be traded forwards.
  • #5,144
  • May 21, 2021 2:19am May 21, 2021 2:19am
good day to all
Forex can only be understood backwards, but it must be traded forwards.
  • #5,145
  • May 21, 2021 2:25am May 21, 2021 2:25am
Good day Prozor and everyone
  • #5,146
  • May 21, 2021 3:06am May 21, 2021 3:06am
Quoting prozor7
USDCHF I would like to see MN 0.89560 PA have a nice support cluster starting from 0.89560 - 0.89472 {image}
USDCHF
update
here we are 0.89560
done shorting time for long
SL around 0.89375
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #5,147
  • May 21, 2021 3:20am May 21, 2021 3:20am
Quoting prozor7
{quote} GBPUSD close 1/2 @ 1.41680 possible resistance @ 1.41762
GBPUSD
update
close all @ 1.42278
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #5,148
  • May 21, 2021 3:30am May 21, 2021 3:30am
Quoting prozor7
AUDCHF PA indicate down to 0.69527 - 0.69380 where is nice support cluster {image}
AUDCHF
update
close 1/2 @ 0.69650

possible resistance @ 0.69710 and pullback to 0.69430
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #5,149
  • May 21, 2021 3:38am May 21, 2021 3:38am
Quoting prozor7
EURGBP H1 - H4 indicate sell mode @ 0.86295 TP 0.86184 - 0.86163 - 0.86085 breaking 0.86085 more down to 0.85922 {image}
EURGBP
update
close all 0.85950
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #5,150
  • May 21, 2021 3:53am May 21, 2021 3:53am
GOLD
D1 enter sell mode - NO buy for me
H4 buy - watching 1881 as resistance
H1 buy - watching 1882 as resistance
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 55 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #5,151
  • May 21, 2021 4:01am May 21, 2021 4:01am
Hi everyone. Nice wedge pattern on H4 - Gold

So indicating an imminent breakout, probably north but could also go South. Probably best sit on hands until we see which way - watch out for false breakout within the range.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH4.png Size: 31 KB
  • #5,152
  • May 21, 2021 4:32am May 21, 2021 4:32am
I think Gold might go down. Today DX fall but Gold seems not up anymore higher so today it will drop hard. My tp for gold is 1855.
  • #5,153
  • May 21, 2021 5:03am May 21, 2021 5:03am
Quoting prozor7
{quote} USDCHF update here we are 0.89560 done shorting time for long SL around 0.89375 {image}
USDCHF
update
close 1/2 @ 0.89860
Forex can only be understood backwards, but it must be traded forwards.
  • #5,154
  • May 21, 2021 5:20am May 21, 2021 5:20am
Quoting YumiYummy
I think Gold might go down. Today DX fall but Gold seems not up anymore higher so today it will drop hard. My tp for gold is 1855.
If DXY is falling then Gold is unlikely to go down. Possible 1900 is on the horizon
  • #5,155
  • May 21, 2021 5:44am May 21, 2021 5:44am
Quoting prozor7
{quote} AUDCHF update close 1/2 @ 0.69650 possible resistance @ 0.69710 and pullback to 0.69430 {image}
AUDCHF
update
close all @ 0.69850
Forex can only be understood backwards, but it must be traded forwards.
  • #5,156
  • May 21, 2021 5:45am May 21, 2021 5:45am
Quoting Mtinifx
{quote} If DXY is falling then Gold is unlikely to go down. Possible 1900 is on the horizon
Seems like a strong probability for it to hit 1898/1900 first. 1898 is 78.6 of the move from 1959 to 1676.

Could we perhaps be seeing a huge harmonic pattern here? Probably not right..
A 1 pip gain is better than a 1 pip loss.
  • #5,157
  • May 21, 2021 5:55am May 21, 2021 5:55am
Quoting prozor7
{quote} in MT4 is possible to close 1/2 in every trade bigger from 0.02 EDIT double click trade with lot size 0.02 in volume select 0.01 {image}click close and you will have 0.01 open trade with this comment {image}
Wonderful! Just seeing your response now. I believe this will benefit other
colleagues here who like me, may not have known this before now. Thanks a million, PZ.
  • #5,158
  • May 21, 2021 6:38am May 21, 2021 6:38am
Wow - US30 take off guys
  • #5,159
  • May 21, 2021 8:24am May 21, 2021 8:24am
closed all cash now.

pay attention to "windows dressing" next week (last week of the month)
Forex can only be understood backwards, but it must be traded forwards.
  • #5,160
  • May 21, 2021 8:25am May 21, 2021 8:25am
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.
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