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Pro7 PA trading analysis 28+GOLD

  • #1,881
  • Oct 29, 2020 11:17am Oct 29, 2020 11:17am
Quoting Barnell
Cmon Gold bulls, end the day green just for shits and giggles. https://www.youtube.com/watch?v=yRh-dzrI4Z4
this is not that kind of thread

this is serious business
Forex can only be understood backwards, but it must be traded forwards.
  • #1,882
  • Oct 29, 2020 11:18am Oct 29, 2020 11:18am
Quoting prozor7
{quote} this is not that kind of thread this is serious business
Chill mate, I'm just waiting for the double bottom to complete.
I will tear the world apart for you.
  • #1,883
  • Oct 30, 2020 12:44am Oct 30, 2020 12:44am
Gold bulls must keep this above 1875...
I will tear the world apart for you.
  • #1,884
  • Oct 30, 2020 2:19am Oct 30, 2020 2:19am
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #1,885
  • Oct 30, 2020 2:26am Oct 30, 2020 2:26am
Quoting prozor7
good morning to all
Good morning...how are you today?
I will tear the world apart for you.
  • #1,886
  • Oct 30, 2020 2:49am Oct 30, 2020 2:49am
GOLD
to keep it simple
1872
buy above
sell below

FRYday - last day of the week and month. buckle up this will be bumpy ride
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 64 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #1,887
  • Oct 30, 2020 2:57am Oct 30, 2020 2:57am
Quoting Barnell
{quote} Good morning...how are you today?
morning Barnell,
I'm great, let's catch some fish
Forex can only be understood backwards, but it must be traded forwards.
  • #1,888
  • Oct 30, 2020 3:02am Oct 30, 2020 3:02am
Quoting prozor7
GOLD to keep it simple 1872 buy above sell below FRYday - last day of the week and month. buckle up this will be bumpy ride {image}
I am actually looking for more confirmation, leaning towards a buy-stop strategy at 1875.

But your plan is good too.
I will tear the world apart for you.
  • #1,889
  • Oct 30, 2020 3:02am Oct 30, 2020 3:02am
Quoting prozor7
{quote} morning Barnell, I'm great, let's catch some fish
Yes, today is the last day of the week, hope we get some mermaids.
I will tear the world apart for you.
  • #1,890
  • Oct 30, 2020 4:02am Oct 30, 2020 4:02am
Quoting prozor7
GOLD to keep it simple 1872 buy above sell below FRYday - last day of the week and month. buckle up this will be bumpy ride {image}
Bulls first target 1875.

Bears first target 1860.

Bulls having the lead...for now.
I will tear the world apart for you.
  • #1,891
  • Oct 30, 2020 4:20am Oct 30, 2020 4:20am
Quoting Barnell
{quote} I am actually looking for more confirmation, leaning towards a buy-stop strategy at 1875. But your plan is good too.
Buy-stop order removed.

Could move to 1875 and get rejected and plunge.

DYODD.

No call on gold at the moment.
I will tear the world apart for you.
  • #1,892
  • Oct 30, 2020 4:25am Oct 30, 2020 4:25am
Quoting Barnell
{quote} Buy-stop order removed. Could move to 1875 and get rejected and plunge. DYODD. No call on gold at the moment.
M30 not good for bulls. Indecisive.
I will tear the world apart for you.
  • #1,893
  • Oct 30, 2020 5:39am Oct 30, 2020 5:39am
Good day to all.

Gold
I am looking to buy above 1875.58
1. target 1885.52
2. target 1899.79
SL tight

But M15 is in a buy mode for too long, so I'm expecting a pullback (before buying opportunity) down to 1865.65/1862.58

So, sell at 1872.76 if M15 turns red
1. target 1865.65
2. target 1862.58
If that plays I will wait and see if there is a buy opportunity.

Let's see which scenario will be played first.
Always expect unexpected.
  • #1,894
  • Oct 30, 2020 6:00am Oct 30, 2020 6:00am
Quoting Skoljkica
Good day to all. Gold I am looking to buy above 1875.58 1. target 1885.52 2. target 1899.79 SL tight But M15 is in a buy mode for too long, so I'm expecting a pullback (before buying opportunity) down to 1865.65/1862.58 So, sell at 1872.76 if M15 turns red 1. target 1865.65 2. target 1862.58 If that plays I will wait and see if there is a buy opportunity. Let's see which scenario will be played first.
Good luck mate...

Just some food for thought/seeking to understand what happens at other brokers.

Do you guys still get swap for selling gold? It used to pay good swap, but now traders have to pay the swap instead...
I will tear the world apart for you.
  • #1,895
  • Oct 30, 2020 6:09am Oct 30, 2020 6:09am
Quoting Barnell
{quote} Good luck mate... Just some food for thought/seeking to understand what happens at other brokers. Do you guys still get swap for selling gold? It used to pay good swap, but now traders have to pay the swap instead...
My broker pays swap for selling 0.01 points, but takes for buying -2.45 points.
Always expect unexpected.
  • #1,896
  • Oct 30, 2020 6:11am Oct 30, 2020 6:11am
Quoting Skoljkica
{quote} My broker pays swap for selling 0.01 points, but takes for buying -2.45 points.
Which broker are you using, if you don't mind sharing? Thanks.
I will tear the world apart for you.
  • #1,897
  • Oct 30, 2020 6:14am Oct 30, 2020 6:14am
Quoting Barnell
{quote} Good morning...how are you today?
Hi!
Hope you take good profit!
  • #1,898
  • Oct 30, 2020 6:16am Oct 30, 2020 6:16am
Quoting YumiYummy
{quote} Hi! Hope you take good profit!
That's what we will all do!
I will tear the world apart for you.
  • #1,899
  • Oct 30, 2020 6:18am Oct 30, 2020 6:18am
Quoting Barnell
{quote} Which broker are you using, if you don't mind sharing? Thanks.
IC Markets
Always expect unexpected.
  • #1,900
  • Oct 30, 2020 6:20am Oct 30, 2020 6:20am
Quoting Skoljkica
{quote} IC Markets
Thank you.
I will tear the world apart for you.
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