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Pro7 PA trading analysis 28+GOLD

  • #321
  • Jun 8, 2020 6:08am Jun 8, 2020 6:08am
Quoting prozor7
GBPAUD D1 change to buy mode pay attention to 1.81504 as support line price should not pass 1.80811 to stay in buy mode
pay attention to 1.80811 - 1.80736 H4 - H1 support
Forex can only be understood backwards, but it must be traded forwards.
  • #322
  • Jun 8, 2020 6:28am Jun 8, 2020 6:28am
EURNZD
pay attention to 1.72532 - 1.72097 there are nice cluster support
Forex can only be understood backwards, but it must be traded forwards.
  • #323
  • Jun 8, 2020 6:41am Jun 8, 2020 6:41am
GBP
H4 charts pay attention where is the price
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.png Size: 233 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #324
  • Jun 8, 2020 1:27pm Jun 8, 2020 1:27pm
Quoting prozor7
EURCAD D1 change to sell mode pay attention 1.51514 sell below passing 1.51260 should confirm that
Im in on this and weve crossed the lines, still 70 pips left in the ADR as well, could be a good late night runner
  • #325
  • Jun 8, 2020 1:36pm Jun 8, 2020 1:36pm
Quoting SidneyMagal
{quote} Im in on this and weve crossed the lines, still 70 pips left in the ADR as well, could be a good late night runner

my expectation is 1.50470 - 1.50423 H4 - D1 support
breaking those lines down to MN - D1 1.49448 - 1.49192 H4 support
Forex can only be understood backwards, but it must be traded forwards.
  • #326
  • Jun 8, 2020 2:06pm Jun 8, 2020 2:06pm
NZDCHF
pay attention to 0.62936 D1 H4 resistance
Attached Image

breaking this line I would like to see 0.64284 - 0.64390 D1 - W1 resistance
if this scenario played, pay attention to 0.63648 D1 resistance
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #327
  • Jun 8, 2020 2:42pm Jun 8, 2020 2:42pm
EURNZD
time to exit short
watching 1.72097 - 1.71920 D1 - H4 to enter long
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #328
  • Jun 8, 2020 4:03pm Jun 8, 2020 4:03pm
EURGBP
watching 0.88553 - 0.88330 D1 - H4 support
potential down to 0.87804

no position until clear direction (long)
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #329
  • Jun 8, 2020 4:03pm Jun 8, 2020 4:03pm
good night
see you tomorrow
Forex can only be understood backwards, but it must be traded forwards.
  • #330
  • Jun 9, 2020 1:15am Jun 9, 2020 1:15am
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #331
  • Edited 2:34am Jun 9, 2020 1:48am | Edited 2:34am
following symbols indicate change:

from buy to sell:
AUDCAD
AUDCHF
AUDJPY
AUDUSD
CADCHF
CADJPY
CHFJPY
EURCHF
EURJPY
GBPJPY
NZDJPY
USDJPY

from sell to buy:
USDCAD
USDCHF
EURAUD

Edit:
add EURAUD to the buy list
Forex can only be understood backwards, but it must be traded forwards.
  • #332
  • Jun 9, 2020 1:58am Jun 9, 2020 1:58am
AUD
enter sell on almost all symbols,
we can expect NZD to do the same tomorrow
Forex can only be understood backwards, but it must be traded forwards.
  • #333
  • Jun 9, 2020 2:36am Jun 9, 2020 2:36am
Quoting prozor7
AUD enter sell on almost all symbols, we can expect NZD to do the same tomorrow
Would you still look to enter? Its smashed ADR on nearly all pairs
  • #334
  • Jun 9, 2020 3:28am Jun 9, 2020 3:28am
Quoting SidneyMagal
{quote} Would you still look to enter? Its smashed ADR on nearly all pairs
morning Sidney,
this is very good question.

I never chase market, if price jump without me I will wait for next entry.
I prepare my trade day before like EURNZD I posted yesterday.
It is very easy to be seduced by huge move in symbol to jump in, but stay firm and look for better opportunity and believe me there are a lots of them.
when price change they mode on D1 level it will stay in this mode for several days, so there is a plenty of time to enter.
start with bigger TF and go down to M15 to enter. pay attention to D1, H4 & M15
if you catch 20 pips a day on any symbol, math say that with 4% entry starting from $1,000 in next 365 days you will have $1,003,000

stick around, feel free to ask questions, post you plan, learn, and above all HAVE FUN doing this.

this is a job treat it like this, calculate you risk, find one with R:R 1:2 or more

pro7
Attached File(s)
File Type: pdf 20PipMM.pdf   75 KB | 667 downloads
Forex can only be understood backwards, but it must be traded forwards.
  • #335
  • Jun 9, 2020 3:45am Jun 9, 2020 3:45am
GOLD
watching
1708.66 H1 resistance/support
1711.65 MN - H4 resistance/support

pay attention how price will behave @ this levels
Forex can only be understood backwards, but it must be traded forwards.
  • #336
  • Jun 9, 2020 3:52am Jun 9, 2020 3:52am
AUDCAD
watching 0.93333 as D1 resistance/support for pullback
Forex can only be understood backwards, but it must be traded forwards.
  • #337
  • Jun 9, 2020 4:09am Jun 9, 2020 4:09am
info to all

when I post text like:
support/resistance - that mean price is going down to the level that is both (0%, 50% & 100%)

resistance/support - that mean price is going up to the level that is both (0%, 50% & 100%)

in case of AUDCAD - price is going up as pullback of down move. pay attention how price will behave on posted level.
in case of GOLD we have the same behavior
Forex can only be understood backwards, but it must be traded forwards.
  • #338
  • Jun 9, 2020 4:25am Jun 9, 2020 4:25am
Quoting SidneyMagal
{quote} Would you still look to enter? Its smashed ADR on nearly all pairs
Quoting prozor7
AUDUSD pay attention to 0.69717 - 0.69563 H4 - D1 support breaking down PA should enter sell mode
this was my post from yesterday
now you have a trading tool, with EA you can prepare trade and you will never ever chase market again
Forex can only be understood backwards, but it must be traded forwards.
  • #339
  • Jun 9, 2020 4:41am Jun 9, 2020 4:41am
Quoting prozor7
EURNZD time to exit short watching 1.72097 - 1.71920 D1 - H4 to enter long
EURNZD
pay attention to H4 1.74029 where we could have a pullback to H4 1.73223
Forex can only be understood backwards, but it must be traded forwards.
  • #340
  • Jun 9, 2020 4:53am Jun 9, 2020 4:53am
Quoting prozor7
{quote} morning Sidney, this is very good question. I never chase market, if price jump without me I will wait for next entry. I prepare my trade day before like EURNZD I posted yesterday. It is very easy to be seduced by huge move in symbol to jump in, but stay firm and look for better opportunity and believe me there are a lots of them. when price change they mode on D1 level it will stay in this mode for several days, so there is a plenty of time to enter. start with bigger TF and go down to M15 to enter. pay attention to D1, H4 & M15 if you...
Good morning Pro,

That table of 20pips produces some nice results! Yeh Im of the same opinion, its why I always use the ADR, lately some days it just runs straight through, but often it is respected and definitely signals at least for me that its to late to jump in, and as you said its better to wait for the oppurtunities

Hope you got out of EC ok, I had to take break even earlier as my target wasn't hit and its now swung the other way
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