Pro7 PA trading analysis 28+GOLD | Page 325 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading with Price Action - Daily Trading Analysis 146 replies

Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies

TT Ichimoku Cloud Trading Analysis with Trading Calls 23 replies

Trading Gold - Anybody up for analysis here? 14 replies

Attachments: Pro7 PA trading analysis 28+GOLD
Exit Attachments

Pro7 PA trading analysis 28+GOLD

  • #6,481
  • Dec 20, 2021 1:35am Dec 20, 2021 1:35am
Quoting prozor7
EURAUD D1 losing sell momentum indicate buy @ 1.58485 - closing above should confirm buy TP 1.60032 - 1.60265 H4 sell should push PA down to 1.57577 where I will look for potential buy {image}
EURAUD
above scenario in play
Forex can only be understood backwards, but it must be traded forwards.
  • #6,482
  • Dec 20, 2021 1:51am Dec 20, 2021 1:51am
Quoting prozor7
GOLD fishing sell @ 1813 - small position next @ 1816 SL around 1820 TP 1802 - 1797
GOLD
H1 losing buy momentum indicate sell @ 1802 that should push PA down to 1791 - 1789
to stay in sell mode PA should not break 1807
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 48 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #6,483
  • Dec 20, 2021 10:32pm Dec 20, 2021 10:32pm
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #6,484
  • Dec 20, 2021 10:46pm Dec 20, 2021 10:46pm
GOLD
step aside signal
H1 losing buy momentum (1786) while H4 losing sell momentum (1791)
pay attention to 1791 - 1786 range
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 41 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #6,485
  • Dec 20, 2021 11:10pm Dec 20, 2021 11:10pm
USDCAD
done buying - stepping aside
PA have a nice resistance cluster starting from 1.29313 - 1.29852
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,486
  • Dec 20, 2021 11:27pm Dec 20, 2021 11:27pm
GBPJPY
D1 losing buy momentum @ 149.947 indicate sell
H4 buy
PA should go up to 150.478 - 150.840 - 151.133 ??? where I will look for H1 - H4 sell signal
if PA hit 151.133 than PA should not break 150.478 to stay in buy mode
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,487
  • Dec 21, 2021 1:01am Dec 21, 2021 1:01am
GBPCAD
H4 losing buy momentum indicate sell @ 1.71592
PA should not break 1.71930
if that happened than buy continue up to 1.72551
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,488
  • Dec 21, 2021 1:58am Dec 21, 2021 1:58am
EURCAD
D1 buy indicate more up to 1.46976 - 1.47243
H4 losing buy momentum indicate sell @ 1.46175
PA should not break 1.46383 where H1 indicate sell
Attached Images
Forex can only be understood backwards, but it must be traded forwards.
  • #6,489
  • Dec 22, 2021 12:12am Dec 22, 2021 12:12am
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #6,490
  • Edited 3:51am Dec 22, 2021 12:43am | Edited 3:51am
Peace and Joy to all this Fishmas season!
Attached Image (click to enlarge)
Click to Enlarge Name: fishmas.png Size: 1.6 MB
Forex can only be understood backwards, but it must be traded forwards.
  • #6,491
  • Dec 22, 2021 3:24am Dec 22, 2021 3:24am
Quoting four.owls
{quote} Thanks very much for getting back to me. I will maybe give the Asian session more time or maybe a bit stricter better setups then. I did buy gold but got out a bit early based on this thinking that the Asian session is less reliable, and left a fair bit of profit behind. I will monitor it but watching for widened spreads and other things! Much appreciated!! I use a simple PA style approach (with Al Brooks kind of the approach I like although he is probably too indepth for me) with a 20EMA. I do use a GMMA (Daryl Guppy's multiple moving average)...
Hi four.owls, I think it depends on your time horizon. If you are an intra-day trader then you really want to be active between the London open and into the NY session, ideally the overlap of the two sessions. Analysis and set-up ahead of time and see the power pour through when NY opens on top of the London session. Having said that, one does see power moves during the Asian session, but mostly things quieten down then. Which is good for me because that's when I am asleep, and I can rest easy knowing that not much will be happening.

So perhaps you need to trade on the daily time-frame as your "home base" and adopt a set-and-forget approach?
  • #6,492
  • Dec 29, 2021 12:40am Dec 29, 2021 12:40am
wish you all happy and prosperous New year
Attached Image (click to enlarge)
Click to Enlarge Name: 2022.jpg Size: 17 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #6,493
  • Jan 7, 2022 3:31am Jan 7, 2022 3:31am
good day to all
hope that you had nice holidays

welcome to 2022 fishing season
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,494
  • Jan 7, 2022 3:44am Jan 7, 2022 3:44am
prepare your fishing nets and
let's go fishing
Attached Image (click to enlarge)
Click to Enlarge Name: fishnet.png Size: 123 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #6,495
  • Jan 7, 2022 3:47am Jan 7, 2022 3:47am
GOLD
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 53 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #6,496
  • Jan 7, 2022 3:56am Jan 7, 2022 3:56am
GOLD
D1 sell from 1811 pushing PA down to 1760 - 1745
H4 buy from 1791 pushing PA up to 1809 - 1815
H1 sell from 1797 pushing PA down to 1780 - 1778

EDIT
D1 close above 1811 pushing PA up to 1861 - 1877
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 53 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #6,497
  • Jan 10, 2022 12:00am Jan 10, 2022 12:00am
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #6,498
  • Jan 10, 2022 1:05am Jan 10, 2022 1:05am
NZDCAD
watching D1 0.85412 - 0.85160 for buy
TP 0.86476 - 0.86808

EDIT
pay attention how strong CAD is it should push PA down to 0.85160
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,499
  • Jan 10, 2022 1:43am Jan 10, 2022 1:43am
Quoting prozor7
GOLD D1 sell from 1811 pushing PA down to 1760 - 1745 H4 buy from 1791 pushing PA up to 1809 - 1815 H1 sell from 1797 pushing PA down to 1780 - 1778 EDIT D1 close above 1811 pushing PA up to 1861 - 1877 {image}
GOLD
H1 @ 1798 indicate buy - pay attention to 1793 as support for that break
Forex can only be understood backwards, but it must be traded forwards.
  • #6,500
  • Jan 10, 2022 2:10am Jan 10, 2022 2:10am
EURUSD
watching 1.13439 where D1 & H4 indicate buy targeting 1.15065 - 1.15461
EDIT
D1 close above 1.13781 PA enter in buy mode
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
2 traders viewing now