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Pro7 PA trading analysis 28+GOLD

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  • Post #6,461
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  • Dec 16, 2021 10:31am Dec 16, 2021 10:31am
  •  prozor7
  • Joined Mar 2010 | Status: Member | 5,642 Posts
for your info:
market is to fast @ this moment, so protect your entry
Forex can only be understood backwards, but it must be traded forwards.
 
 
  • Post #6,462
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  • Dec 16, 2021 10:37am Dec 16, 2021 10:37am
  •  prozor7
  • Joined Mar 2010 | Status: Member | 5,642 Posts
Quoting prozor7
Disliked
{quote} USDCAD yellow arrow in my calculations represent range that PA pass during a day PA above 1.27467 D1 is in buy mode if we have pullback from current range next resistance should be 1.28431 - 1.28636 where H4 indicate buy that should push PA up to 1.29716 - 1.29798 {image} {image}
Ignored
USDCAD
when you observe PA you will noticed that from above post from 1.27675 - 1.28106 is exactly 50% of day range and if you didn't close @ least 1/2 of open trade.... than only what I can say is that you are guided by pure greed and that is not good for you account.
Forex can only be understood backwards, but it must be traded forwards.
 
 
  • Post #6,463
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  • Dec 16, 2021 10:43am Dec 16, 2021 10:43am
  •  prozor7
  • Joined Mar 2010 | Status: Member | 5,642 Posts
Quoting prozor7
Disliked
AUDCAD PA have a nice resistance cluster starting from 0.91728 - 0.92137 with strong AUD and weak CAD PA should go up to 0.92137 {image}
Ignored
AUDCAD
update
I would like to see 0.91546 - 0.91293
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
 
 
  • Post #6,464
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  • Dec 16, 2021 10:57am Dec 16, 2021 10:57am
  •  prozor7
  • Joined Mar 2010 | Status: Member | 5,642 Posts
AUDNZD
D1 losing buy momentum indicating sell mode @ 1.05700
Forex can only be understood backwards, but it must be traded forwards.
 
1
  • Post #6,465
  • Quote
  • Dec 16, 2021 11:55am Dec 16, 2021 11:55am
  •  prozor7
  • Joined Mar 2010 | Status: Member | 5,642 Posts
GOLD
PA knocking on 1800 door - not selling

let see how they will play this on London close
Forex can only be understood backwards, but it must be traded forwards.
 
 
  • Post #6,466
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  • Dec 16, 2021 8:40pm Dec 16, 2021 8:40pm
  •  PopeyeEA
  • | Joined Apr 2020 | Status: SWING TRADER | 110 Posts
My target GBPJPY is buy until 153.500
I will buy limit at 150.700 to buy again..
EU BUY LIMIT at 1.1305. TP 1.145
Let's see..
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  • Post #6,467
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  • Dec 16, 2021 11:19pm Dec 16, 2021 11:19pm
  •  aeternum
  • | Joined Aug 2012 | Status: Member | 2,263 Posts
Quoting prozor7
Disliked
GOLD PA knocking on 1800 door - not selling let see how they will play this on London close
Ignored
Prices starting to look a little overbought now. Going to pump in more rounds if we get some retracement. Weekly looking to be significantly bullish, feels like it wants the moon now with UK rising cases and Fed, as well as the whole world, still concerned about Omicron.
A 1 pip gain is better than a 1 pip loss.
 
 
  • Post #6,468
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  • Dec 16, 2021 11:23pm Dec 16, 2021 11:23pm
  •  aeternum
  • | Joined Aug 2012 | Status: Member | 2,263 Posts
Watch GBPNZD price action at current levels. Any engulfing rejections would be a sweet sell. But previous low did not reach 1.9385, so technically it is a higher low still.
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A 1 pip gain is better than a 1 pip loss.
 
 
  • Post #6,469
  • Quote
  • Dec 17, 2021 2:54am Dec 17, 2021 2:54am
  •  prozor7
  • Joined Mar 2010 | Status: Member | 5,642 Posts
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
 
 
  • Post #6,470
  • Quote
  • Dec 17, 2021 3:20am Dec 17, 2021 3:20am
  •  aeternum
  • | Joined Aug 2012 | Status: Member | 2,263 Posts
EURUSD has quite a bit of buying interest at 1.1317 levels. This has acted as resistance in the past. Looking for it to break 1.136 and 1.1378 for 1.14 and beyond. Weekly is building up into a good buy setup.
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A 1 pip gain is better than a 1 pip loss.
 
 
  • Post #6,471
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  • Dec 17, 2021 3:45am Dec 17, 2021 3:45am
  •  Ihlas
  • Joined Nov 2020 | Status: Member | 2,173 Posts
Quoting aeternum
Disliked
Watch GBPNZD price action at current levels. Any engulfing rejections would be a sweet sell. But previous low did not reach 1.9385, so technically it is a higher low still. {image}
Ignored
Be careful while selling GN. It will easily break the roof.
 
 
  • Post #6,472
  • Quote
  • Dec 17, 2021 4:07am Dec 17, 2021 4:07am
  •  aeternum
  • | Joined Aug 2012 | Status: Member | 2,263 Posts
Quoting Ihlas
Disliked
{quote} Be careful while selling GN. It will easily break the roof.
Ignored
Well there's no price action telling me to sell. But it is an area worth watching.
A 1 pip gain is better than a 1 pip loss.
 
 
  • Post #6,473
  • Quote
  • Dec 17, 2021 5:23am Dec 17, 2021 5:23am
  •  prozor7
  • Joined Mar 2010 | Status: Member | 5,642 Posts
GOLD
I would like to see 1814 - 1816 where I will look for sell on H1 / H4 targeting 1800 - 1791
PA is overstretched passing weekly range
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Forex can only be understood backwards, but it must be traded forwards.
 
1
  • Post #6,474
  • Quote
  • Dec 17, 2021 8:29am Dec 17, 2021 8:29am
  •  prozor7
  • Joined Mar 2010 | Status: Member | 5,642 Posts
GOLD
fishing sell @ 1813 - small position
next @ 1816

SL around 1820
TP 1802 - 1797
Forex can only be understood backwards, but it must be traded forwards.
 
1
  • Post #6,475
  • Quote
  • Dec 17, 2021 8:48am Dec 17, 2021 8:48am
  •  prozor7
  • Joined Mar 2010 | Status: Member | 5,642 Posts
GOLD
closing 1/2 @ 1807

it is FRYday
Forex can only be understood backwards, but it must be traded forwards.
 
 
  • Post #6,476
  • Quote
  • Dec 17, 2021 8:51am Dec 17, 2021 8:51am
  •  PopeyeEA
  • | Joined Apr 2020 | Status: SWING TRADER | 110 Posts
Quoting PopeyeEA
Disliked
My target GBPJPY is buy until 153.500 I will buy limit at 150.700 to buy again.. EU BUY LIMIT at 1.1305. TP 1.145 Let's see.. {image}
Ignored
GBPJPY is buy until 151.200 and then will going down to 150.100..

And then I will but again at 150.1 until the moon..

GOLD I WILL BUY AGAIN AT 1802 TP 1828..
 
1
  • Post #6,477
  • Quote
  • Dec 17, 2021 9:35am Dec 17, 2021 9:35am
  •  prozor7
  • Joined Mar 2010 | Status: Member | 5,642 Posts
Quoting PopeyeEA
Disliked
{quote} GBPJPY is buy until 151.200 and then will going down to 150.100.. And then I will but again at 150.1 until the moon.. GOLD I WILL BUY AGAIN AT 1802 TP 1828..
Ignored
thx for posting
solid plan you have there - good luck

please try to avoid bold & BOLD CAPITAL letters in all text
"While these features can be used to emphasize a point, too much of a good thing goes bad quickly. ..."

thank you for understanding
Forex can only be understood backwards, but it must be traded forwards.
 
1
  • Post #6,478
  • Quote
  • Dec 17, 2021 11:31am Dec 17, 2021 11:31am
  •  prozor7
  • Joined Mar 2010 | Status: Member | 5,642 Posts
done for the week
all trades are closed - cash now
Forex can only be understood backwards, but it must be traded forwards.
 
 
  • Post #6,479
  • Quote
  • Dec 17, 2021 11:32am Dec 17, 2021 11:32am
  •  prozor7
  • Joined Mar 2010 | Status: Member | 5,642 Posts
time to close fish market.
hope you have lucrative week.
wish you all great weekend, see you on Monday.
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Forex can only be understood backwards, but it must be traded forwards.
 
 
  • Post #6,480
  • Quote
  • Dec 20, 2021 3:15am Dec 20, 2021 3:15am
  •  prozor7
  • Joined Mar 2010 | Status: Member | 5,642 Posts
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
 
 
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