Pro7 PA trading analysis 28+GOLD | Page 353 | Crypto Craft

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

  • #7,041
  • Mar 26, 2024 7:53am Mar 26, 2024 7:53am
Quoting mmo1991
{quote} i am selling from 1.266 sir your target for gu sell is?
tp1 - 1.26248
tp2 - 1.25828
tp3 - 1.25189

EDIT:
pay attention to 1.26318 on H1
Forex can only be understood backwards, but it must be traded forwards.
  • #7,042
  • Mar 26, 2024 10:52am Mar 26, 2024 10:52am
Quoting prozor7
{quote} tp1 - 1.26248 tp2 - 1.25828 tp3 - 1.25189 EDIT: pay attention to 1.26318 on H1
GBPUSD
update
TP1 hit
1.26318 to watch
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd1.png Size: 8 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #7,043
  • Mar 27, 2024 4:24am Mar 27, 2024 4:24am
Quoting prozor7
{quote} GBPUSD update TP1 hit 1.26318 to watch {image}
Price break 1.263 so I switched to long
  • #7,044
  • Mar 27, 2024 4:41am Mar 27, 2024 4:41am
Quoting mmo1991
{quote} Price break 1.263 so I switched to long
good luck
for me it is very, very risky trade because trend for:
D1 - sell
H4 - sell
Forex can only be understood backwards, but it must be traded forwards.
  • #7,045
  • Mar 27, 2024 4:46am Mar 27, 2024 4:46am
Quoting prozor7
{quote} good luck for me it is very, very risky trade because trend for: D1 - sell H4 - sell
yep I closed long because price so confuse
  • #7,046
  • Mar 27, 2024 4:54am Mar 27, 2024 4:54am
Quoting mmo1991
{quote} yep I closed long because price so confuse
for me it is H1 pullback with resistance @ 1.26296 - 1.26463

EDIT
for me R:R is to high to enter buy trade
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd1.png Size: 9 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #7,047
  • Edited 5:43am Mar 27, 2024 5:29am | Edited 5:43am
Quoting prozor7
GBPJPY D1 losing buy momentum indicating sell @ 192.280 H4 in buy mode should push PA up to 191.940 - 192.050 pay attention to 191.061 how they will play that level {image}
GBPJPY
update
I would like to see 189.000
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy4.png Size: 13 KB


EDIT
for down scenario PA should not break 191.254
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy1.png Size: 8 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #7,048
  • Mar 28, 2024 3:30am Mar 28, 2024 3:30am
Quoting prozor7
NZDCAD D1 sell - losing sell momentum PA closing above 0.81563 indicate buy mode - PA should not go below 0.81240 H4 buy - extended - expecting pullback to 0.81240 that should be max down {image}
NZDCAD
update
risky buy trade with NZD holiday
let see how they will play this 0.81280 - 0.81131
Attached Image (click to enlarge)
Click to Enlarge Name: nzdcad.png Size: 15 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #7,049
  • Mar 28, 2024 4:19am Mar 28, 2024 4:19am
Quoting prozor7
{quote} GBPJPY update I would like to see 189.000 {image} EDIT for down scenario PA should not break 191.254 {image}
Really nice sir, I sell from 191.25
  • #7,050
  • Mar 28, 2024 5:55am Mar 28, 2024 5:55am
GBPUSD
step aside signal

all sell are closed
Forex can only be understood backwards, but it must be traded forwards.
  • #7,051
  • Mar 28, 2024 6:18am Mar 28, 2024 6:18am
NZDUSD
D1 - sell - losing momentum indicate buy @ 0.59871
H4 - sell - watching 0.59650 for buy

very risky trade
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd4.png Size: 11 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #7,052
  • Mar 28, 2024 7:27pm Mar 28, 2024 7:27pm
Quoting prozor7
there are no indicator, lines are my calculations for different time frame, presented to my brain as fibo lines. this way I can easier catch potential trade with my eye. how does fibo lines on charts work? when price coming down it should find support on following lines 61.8% 50.0% 23.6% 0% (or 100%) when price going up it should find resistance on following lines 38.2% 50.0% 76.4% 100% (or 0%) 0% 50% !00% are support / resistance lines time frame | trading period | refresh time? MN chart have Year fibo (year support blue lines) | trading period...
How are you calculating these lines?
Is they are fibs levels than where are your 0/100 percents?
A simple example will suffice
Thanks
  • #7,053
  • Mar 29, 2024 3:40am Mar 29, 2024 3:40am
Quoting Merka
{quote} How are you calculating these lines? Is they are fibs levels than where are your 0/100 percents? A simple example will suffice Thanks
How are you calculating these lines?
- calculations are dynamic based on how much money there is in particular TF

Is they are fibs levels than where are your 0/100 percents?
- sorry didn't understand a question

A simple example will suffice Thanks
- "supply & demand" is closest to compare
Forex can only be understood backwards, but it must be traded forwards.
  • #7,054
  • Mar 29, 2024 5:36am Mar 29, 2024 5:36am
Quoting prozor7
{quote} How are you calculating these lines? - calculations are dynamic based on how much money there is in particular TF Is they are fibs levels than where are your 0/100 percents? - sorry didn't understand a question A simple example will suffice Thanks - "supply & demand" is closest to compare
You wrote on post #3
"H1 chart have Day fibo (day support green lines) trading period 1 hour | every day"

Can you please show me an unmarked H1 chart and how you mark/calculate manually these "Day fibo".
Thanks
  • #7,055
  • Mar 29, 2024 9:30am Mar 29, 2024 9:30am
Quoting Merka
{quote} You wrote on post #3 "H1 chart have Day fibo (day support green lines) trading period 1 hour | every day" Can you please show me an unmarked H1 chart and how you mark/calculate manually these "Day fibo". Thanks
can't show you
what you see as fibo lines on chart is a visual projection where PA should go in certain conditions.
for example see NZDUSD H4 chart
Quoting prozor7
NZDUSD D1 - sell - losing momentum indicate buy @ 0.59871 H4 - sell - watching 0.59650 for buy very risky trade {image}
support @ 0.59650 and resistance @ 0.59871 where D1 should pickup buy mode
pay attention how PA behave in this area (supply / demand)
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd1.png Size: 9 KB

you can also see the same with NZDCAD from this post
Forex can only be understood backwards, but it must be traded forwards.
  • #7,056
  • Mar 29, 2024 11:32am Mar 29, 2024 11:32am
Quoting prozor7
{quote} can't show you what you see as fibo lines on chart is a visual projection where PA should go in certain conditions. for example see NZDUSD H4 chart {quote} support @ 0.59650 and resistance @ 0.59871 where D1 should pickup buy mode pay attention how PA behave in this area (supply / demand) {image} you can also see the same with NZDCAD from this post
So, basically you are the only person able to calculate these support/resistance line.
It's a shame because it's a not transferable knowledge
  • #7,057
  • Mar 29, 2024 3:27pm Mar 29, 2024 3:27pm
time to close the fish market
wish you all a great weekend
see you on Tuesday
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #7,058
  • Mar 29, 2024 4:25pm Mar 29, 2024 4:25pm
Quoting Merka
{quote} So, basically you are the only person able to calculate these support/resistance line. It's a shame because it's a not transferable knowledge
So, basically you are the only person able to calculate these support/resistance line.
- no, anyone can identify lines of support and resistance. there are many tools (indicators) available that achieve this. the trader is in charge of choosing which tools to use.

It's a shame because it's a not transferable knowledge
- making every effort to assist others in focusing on a certain PA. if you find that my attempts at knowledge transfer are not transferable, than help me to do better.

regards sharing I did my part there by developing a few tools that are available here without any restrictions or expiration date.

Pro7
Forex can only be understood backwards, but it must be traded forwards.
  • #7,059
  • Mar 29, 2024 5:43pm Mar 29, 2024 5:43pm
Quoting prozor7
{quote} So, basically you are the only person able to calculate these support/resistance line. - no, anyone can identify lines of support and resistance. there are many tools (indicators) available that achieve this. the trader is in charge of choosing which tools to use. It's a shame because it's a not transferable knowledge - making every effort to assist others in focusing on a certain PA. if you find that my attempts at knowledge transfer are not transferable, than help me to do better. regards sharing I did my part there by developing a few...
@prozor7
You shared a lot thanks.
Yes, I'm able to mark my own support/resistance line on the chart but will be for sure different from your.
You probably have an EA that is drawing these lines for you.
If so, EA must have a set of rules to follow in order to draw these support/resistance line.
Can you please write these rules so I can try to replicate them manually.
What I'm trying to understand is how to draw your same exact line
  • #7,060
  • Apr 2, 2024 1:24am Apr 2, 2024 1:24am
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
3 traders viewing now