Pro7 PA trading analysis 28+GOLD | Page 296 | Forex Factory

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Pro7 PA trading analysis 28+GOLD

  • #5,901
  • Oct 20, 2021 8:14am Oct 20, 2021 8:14am
Quoting prozor7
EURAUD here we are 1.55300 down to 1.55000 I'm looking for a buy I would like to see 1.54979
EURAUD
update
fishing buy @ 1.55000
Forex can only be understood backwards, but it must be traded forwards.
  • #5,902
  • Oct 20, 2021 10:42pm Oct 20, 2021 10:42pm
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #5,903
  • Edited Oct 21, 2021 12:07am Oct 20, 2021 11:55pm | Edited Oct 21, 2021 12:07am
GOLD
H4 losing buy momentum indicating sell

fishing sell @ 1786

EDIT
pay attention to 1781 D1 support / resistance
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 34 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #5,904
  • Oct 21, 2021 5:04am Oct 21, 2021 5:04am
GOLD
pay attention to 1775

with news in 30 min let see how they will play this

pullback to 1781 - 1785 would be great
Forex can only be understood backwards, but it must be traded forwards.
  • #5,905
  • Oct 21, 2021 6:36am Oct 21, 2021 6:36am
GOLD
lol
1781 - 1784

tossing coins

place yours bets ladies and gentlemen

EDIT
if you use math you can bet on both sides and win
think about it
Forex can only be understood backwards, but it must be traded forwards.
  • #5,906
  • Oct 21, 2021 6:58am Oct 21, 2021 6:58am
USDCHF
here we are
watching 0.91718 - 0.91564 for buy

SL around 0.91400
Forex can only be understood backwards, but it must be traded forwards.
  • #5,907
  • Oct 21, 2021 7:46am Oct 21, 2021 7:46am
Quoting prozor7
USDCHF here we are watching 0.91718 - 0.91564 for buy SL around 0.91400
Hi Prozar,

I haver read the first posts you made regarding how you draw the fib lines, but I am struggling a bit to just get the same levels you make, and wondered if you could clairify a bit?

Is it literally finding the highs and lows for each timeframe you mention and just using the fib tool to find good levels? Or is there another element I'm missing?

Does the fib level I made here make sense with your method?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-10-21 at 15.27.41.png Size: 182 KB
  • #5,908
  • Oct 21, 2021 8:14am Oct 21, 2021 8:14am
Quoting orbwarp
{quote}... Or is there another element I'm missing? Does the fib level I made here make sense with your method? {image}
time & money only 2 element that I use

what elements you use
Forex can only be understood backwards, but it must be traded forwards.
  • #5,909
  • Oct 21, 2021 8:42am Oct 21, 2021 8:42am
Quoting prozor7
{quote} time & money only 2 element that I use what elements you use
using the pic i posted , does that align with your fib levels? - I just don't really understand how you get the levels you do. I added the fib to the break out from a downward move, to potential upward move. - Tried many different methods but nothing has really worked overall..
  • #5,910
  • Oct 21, 2021 9:11am Oct 21, 2021 9:11am
Quoting orbwarp
{quote} using the pic i posted , does that align with your fib levels? - I just don't really understand how you get the levels you do. I added the fib to the break out from a downward move, to potential upward move. - Tried many different methods but nothing has really worked overall..
just luck I guess

here is the secret recipe
focus on PA action
look @ candle it tells you 4 very important information
open blank MN chart than start drawing lines where you see support / resistance
than zoom in to W1 chart and do the same, than zoom in to D1 chart and do the same and zoom.... you get the picture
select TF for trade you planed
count R:R in trade you planed
execute and move to next trade

please do not get offended some folks find above to simple more like joke
in trading you defend own believes with money - train yourself it is a skill
Forex can only be understood backwards, but it must be traded forwards.
  • #5,911
  • Oct 21, 2021 10:16am Oct 21, 2021 10:16am
Quoting prozor7
{quote} EURAUD update fishing buy @ 1.55000
EURAUD
update
pay attention to D1 1.55819 possible resistance there - if that is the case 1.55149 H4 must hold for D1 to stay in buy mode
Forex can only be understood backwards, but it must be traded forwards.
  • #5,912
  • Oct 21, 2021 10:41am Oct 21, 2021 10:41am
Quoting prozor7
GOLD lol 1781 - 1784 tossing coins place yours bets ladies and gentlemen EDIT if you use math you can bet on both sides and win think about it
Hey Proz,

yeah gold has been playing games lately. I’m looking at the key levels 1786(resistance) and 1777/76 (support) . I still expect a big move this week. Currently holding sell from 1786 with be+
Look ahead. Reste positif
  • #5,913
  • Oct 21, 2021 11:25am Oct 21, 2021 11:25am
EURNZD
PA just laying there "chilling" for 14 hours
Attached Image
look @ that beauty
Attached Image (click to enlarge)
Click to Enlarge Name: swardfish.jpg Size: 72 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #5,914
  • Oct 21, 2021 10:27pm Oct 21, 2021 10:27pm
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #5,915
  • Oct 21, 2021 11:18pm Oct 21, 2021 11:18pm
GBPUSD
D1 losing buy momentum indicating sell - pay attention to 1.38273 D1 resistance PA should not close above
Forex can only be understood backwards, but it must be traded forwards.
  • #5,916
  • Oct 22, 2021 12:20am Oct 22, 2021 12:20am
GBPNZD
down to 1.91331 - 1.90864 would be great - possible buy area
Forex can only be understood backwards, but it must be traded forwards.
  • #5,917
  • Oct 22, 2021 12:30am Oct 22, 2021 12:30am
Quoting prozor7
GBPCHF PA have a nice resistance cluster H1, H4 & D1 starting from 1.27261 - 1.27307 PS CHF is weakest symbols @ this moment - SL should be tight
GBPCHF
update
I would like to see 1.25645 - 1.25136 from this move

pay attention to 1.26700 / 800 if we have a pullback from 1.26400 / 200
Forex can only be understood backwards, but it must be traded forwards.
  • #5,918
  • Oct 22, 2021 12:54am Oct 22, 2021 12:54am
pay attention to this

GBPUSD indicate sell while in the mean time only symbol that is weakest than USD is GBP
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #5,919
  • Oct 22, 2021 12:56am Oct 22, 2021 12:56am
Selling audusd at current price. Stop 0.7517
  • #5,920
  • Oct 22, 2021 12:58am Oct 22, 2021 12:58am
GOLD
H1 losing buy momentum indicate sell @ 1796 !!! we didn't hit that line - so pay attention to that line if we do
Forex can only be understood backwards, but it must be traded forwards.
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