Pro7 PA trading analysis 28+GOLD | Page 137 | Crypto Craft

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Pro7 PA trading analysis 28+GOLD

  • #2,721
  • Dec 21, 2020 10:36pm Dec 21, 2020 10:36pm
The Eurusd is possibly a sell to the downside, tp 1.21300
Gbpusd is also possibly a sell to the downside, tp 1.31900
  • #2,722
  • Dec 21, 2020 11:24pm Dec 21, 2020 11:24pm
A famous South African golfer Gary Player once said,’ the more I practice the luckier I get.’ So what is luck- luck is hard work, putting in the hours when everyone else is sleeping or watching television. Prozor last night the skies were beautiful and clear from Cape Town. Cape Town where one is surrounded by the mountains and sea, heaven to live here.
  • #2,723
  • Dec 22, 2020 2:52am Dec 22, 2020 2:52am
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #2,724
  • Dec 22, 2020 3:25am Dec 22, 2020 3:25am
Quoting Houtbay
...last night the skies were beautiful and clear from Cape Town. Cape Town where one is surrounded by the mountains and sea, heaven to live here.
I'm sure it is.
heaven is around us but people seek heaven on other places.
Forex can only be understood backwards, but it must be traded forwards.
  • #2,725
  • Dec 22, 2020 3:26am Dec 22, 2020 3:26am
market today
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #2,726
  • Dec 22, 2020 5:21am Dec 22, 2020 5:21am
Morning Prozor. Reliving my childhood through my children. Sitting on the beach surfing with my son. Enjoying life in general. If you had to ask 95 % of people what they would like to do if they could do anything- most people would tell you that they don’t know. Most have forgotten who they actually are. Sad, but true.
  • #2,727
  • Dec 22, 2020 12:05pm Dec 22, 2020 12:05pm
Trading is what we make it, either easy or difficult, either rational or irrational.
  • #2,728
  • Dec 22, 2020 11:43pm Dec 22, 2020 11:43pm
Prozor if every time frame from 1 minute to monthly move in different orders, then why do people follow the quicker, less reliable time frames. Why do people set them selves up to fail? Surely it’s safer to ride on a motor bike than a scooter.
  • #2,729
  • Dec 23, 2020 12:14am Dec 23, 2020 12:14am
The most reliable of the smaller time frames to me appears to be the one hour. The 15 minute gives too many false signals.
  • #2,730
  • Dec 23, 2020 2:44am Dec 23, 2020 2:44am
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #2,731
  • Dec 23, 2020 2:53am Dec 23, 2020 2:53am
How are you today. Hope you are well and enjoying doing less. It’s nice to relax, but I could never retire would die of boredom. Important to have a purpose, something to look forward to and being productive.
  • #2,732
  • Edited 3:48am Dec 23, 2020 3:24am | Edited 3:48am
Quoting Houtbay
Prozor if every time frame from 1 minute to monthly move in different orders, then why do people follow the quicker, less reliable time frames. Why do people set them selves up to fail? Surely it’s safer to ride on a motor bike than a scooter.
hi H,
IMHO getting closer to the “real” action in the market and that they will find more trading opportunities on these fast moving charts.

bike or scooter which one is safer?

everyone who know how to ride a bicycle know how to ride a scooter.
question for you;
can person who know how to ride a bicycle know how to ride a motorcycle?
Forex can only be understood backwards, but it must be traded forwards.
  • #2,733
  • Dec 23, 2020 3:39am Dec 23, 2020 3:39am
No, but why take the risk. In the road it’s your life, in the markets it’s your hard earned money.
  • #2,734
  • Edited 4:51am Dec 23, 2020 4:14am | Edited 4:51am
Quoting Houtbay
No, but why take the risk. In the road it’s your life, in the markets it’s your hard earned money.
I like to simplify everything in life.
this is my point of view:
every step in my life is a risk. period. question that I constantly ask myself is: do I take this step because I "want to" or "must".
let me explain:
if I want to make this step it will be with a joy, I choose to do it.
if I must than someone or something pushes me make this step I didn't choose. longer person stay in this "must" situation her / his life won't be happy.
Forex can only be understood backwards, but it must be traded forwards.
  • #2,735
  • Dec 23, 2020 5:50am Dec 23, 2020 5:50am
Prozor are there any trading books or sites to look at that will help to improve or add too this style of trading?
  • #2,736
  • Dec 23, 2020 6:29am Dec 23, 2020 6:29am
Quoting Houtbay
Prozor are there any trading books or sites to look at that will help to improve or add too this style of trading?
if I getting started in trading I will do it in this order:
1. learn everything about myself, how I react in situations, what kind of person I am
2. learn everything about the tool I use: MT4, MT4 editor....
3. learn trading method

  1. this is where future trader should look back @ 1. what kind of person I am? do I want it fast!? all in so to say?

I will highly recommend Nial Fuller, while you searching for him look for this article:
Trading Higher Time Frames Drastically Increases Trading Success

Forex can only be understood backwards, but it must be traded forwards.
  • #2,737
  • Dec 23, 2020 7:05am Dec 23, 2020 7:05am
Quoting Houtbay
Prozor if every time frame from 1 minute to monthly move in different orders, then why do people follow the quicker, less reliable time frames. Why do people set them selves up to fail? Surely it’s safer to ride on a motor bike than a scooter.

How can you say smaller time frames are less reliable?
Probabilities work in the same way on all timeframes, you have areas where the market is more likely to reverse or continue, you can do this on all time frames it’s just personal choice and lifestyle imo
  • #2,738
  • Dec 23, 2020 7:25am Dec 23, 2020 7:25am
Thank you Prozor I read the article. A well written article, and I agree with all the points he referred to. Are there any trading books you recommend?
  • #2,739
  • Dec 23, 2020 7:30am Dec 23, 2020 7:30am
Ztrader 123, there are patterns in all time frames, however the net results differ. For example as a surfer not all waves will carry me as far. The bigger the wave the more energy and power it can unleash and the further I can ride the wave.
To catch a small or big wave however requires the same amount of effort.
  • #2,740
  • Dec 23, 2020 8:32am Dec 23, 2020 8:32am
Hi Prozor, I am really happy I stumble on this thread and it came at the point I was about quitting trade a month ago due to so many losses. I have gained a lot from your post and still learning a lot from you. I always look forward to whatever you post.

Do you have any video that clearly explains PA and the best time to enter a trade from the higher timeframes to lower time frames.
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