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Real Trading

Quoting Pat Chiko
{quote} HNS and QM. is there a relationship? I don't know, I may have to find out on this. Maybe someone else knew abt this relationship, please share. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. Whereas QM ( Quasimodo) is mutated HNS. Similar in price action, but little twist on the final stroke. how do you know that QM will fail? I don't know. If price ignore the QM, it just passed thru, same as Support & Resistance or Supply/Demand Zone. If she break...
All these questions are very interesting but PAT said that he trades only S/R.
So I think that the more important question is:
"PAT how to draw correctly S/R?"
In google you find thousands of explanations but the quality is too basic. 4 or 5 examples done well would be enough to understand then the rest is done by experience, the eye and the brain.
Quoting Pat Chiko
GU Limit Order @ RN. SL in placed. This is not signal, but how I see the set up. If I got it wronged, no refund... {image}
Interesting. Same trade and same SL. I placed it like 5 minutes ago. lol... good energy here!
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting Mr.Burger
GU, scalp long -10p risk 3525 {image}
GU as planned, slow but sure

--- I'm short on mommy SL-30p

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Daddy, Brother, Lover, Little Boy
Quoting 19monza64
{quote} All these questions are very interesting but PAT said that he trades only S/R. So I think that the more important question is: "PAT how to draw correctly S/R?" In google you find thousands of explanations but the quality is too basic. 4 or 5 examples done well would be enough to understand then the rest is done by experience, the eye and the brain.

There's is no correct way or right way how to draw S&R.

The S&R are drawn at the correct place should be prime importance.

One can draw any S&R on the chart, but you must be able to know which one is where price will react to.


EDIT :

BTW I just saw one thread on the S&R. You may check it out. I don't use indicator.

https://www.forexfactory.com/thread/624820-need-best-support-and-resistance-indicator
I come from the future.
Quoting Mr.Burger
{quote} GU as planned, slow but sure --- I'm short on mommy SL-30p {image}
Hola Juan.

Whre have you been whole day.

Everyone is looking for you.

Glad you came back

BTW good entry /signal for the next GU set up.

I hope it drop VERY fast...lol

I come from the future.
In few

1:01 PM 30-y Bond Auction
and,
2:00PM Federal Budget Balance

Lets bring the GU down.......

USD up all the way.
I come from the future.
Quoting Pat Chiko
{quote} Hola Juan. Whre have you been whole day. Everyone is looking for you. Glad you came back BTW good entry /signal for the next GU set up. I hope it drop VERY fast...lol
Pat, scalping mode on the news, I can't blink
Daddy, Brother, Lover, Little Boy
Quoting bigiivan
{quote} Ok. Set up is set it up. Sell gold at 1827,20. No SL and TP.
Keep rollin'!
Second sell gold at 1840,70.
No SL and TP.
Quoting Pat Chiko
{quote} KINK - it my sound noty, but. It's hidden DBR or RBR formation that forming flag limit for both bull or bear pick up point. You can called it "Unfair Action" as most of previous position at kink was done thru Stop Loss Order taken out from the market and price revisit those prices again to clean up any liquidity balance stuck in the kink
>It's hidden DBR or RBR formation that forming flag limit for both bull or bear pick up point.

I thought you didn't trade S&D!

From what I can see, it's literally the presence of the wicks that show the form of the hidden DBR/RBR. Very interesting take on "take" on S&D that definitely makes "Kinks" into points of interest that may get tapped for liquidity.

Cheers.
Quoting Geester
{quote} >It's hidden DBR or RBR formation that forming flag limit for both bull or bear pick up point. I thought you didn't trade S&D! From what I can see, it's literally the presence of the wicks that show the form of the hidden DBR/RBR. Very interesting take on "take" on S&D that definitely makes "Kinks" into points of interest that may get tapped for liquidity. Cheers.
Common. lah. Don't start that low blow. I want this thread to be clean.

If you got question abt trading asked.

Don't ask how I trade. This is what happened when you tell wanna be professional trader, they got smarter by asking how I should be trading ( only use S&R)...lol

As a trader one must know every method of trading.

I even can trade with Wave count, volume profile, Wycoff method.

After 15 years, I can trade with any method.

As saying I use S&R is a primary ways of looking at price.
Coz that's how all indicator develop including Moving Averages etc.

I cannot be that stupid after 15 years just trade with the knowledge of S&R only.

But if you really know S&R in depth, it cover S&D. But you think S&D and S&R are two separate subject ( they're interrelated).

Do you know WHY HNS formed ?. I think you're a smart guy.

I'm waiting for your answer.
I come from the future.
Quoting Tronis
Took a few trades off, left the rest fighting for 1.37. SL moved just below today's low to protect my capital. {image}
Took a few off again, I think it still has some room to upside. Left 21 soldiers now fighting for 1.37
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Quoting Tronis
{quote} Took a few off again, I think it still has some room to upside. Left 21 soldiers now fighting for 1.37 {image}
Took almost all off, don't like this kind of drop. Now watching
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GU

Limit order still waiting for price to filled it up.


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I come from the future.
I hope you had a great day like our Master Pat Chiko. I don't know him personally but I really like the way he trade. Very pro !

3 SL for me with my trades as you know (because i shared my 3 analyzes) Fortunately, Pat Chiko's trades were there to relieve me a little. Besides, I don't know how he does it, but Pat is exceptional.. Just amazing

but another opportunity on USDCAD Long.
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EU

Waititng for limit to get filled

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I come from the future.
Quoting Pat Chiko
GU Limit order still waiting for price to filled it up. {image}
I'm on the other side, waiting to drop more and buy again. Closed all my longs now.
Aussie trade just closed but so far i'm in a loosing day, primarily because my buy limit order didn't hit for my nasdaq, which is very annoying!
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Quoting R.y
GBP/USD BUY {image}
wait....
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Seek knowledge and adorn it with patience and respect; moreover, be humble
Quoting Pat Chiko
{quote} Common. lah. Don't start that low blow. I want this thread to be clean. If you got question abt trading asked. Don't ask how I trade. This is what happened when you tell wanna be professional trader, they got smarter by asking how I should be trading ( only use S&R)...lol As a trader one must know every method of trading. I even can trade with Wave count, volume profile, Wycoff method. After 15 years, I can trade with any method. As saying I use S&R is a primary ways of looking at price. Coz that's how all indicator develop including Moving...
>Common. lah. Don't start that low blow. I want this thread to be clean.

Hello Pat. Sorry if I caused confusion or offence. My comment wasn't meant as a low blow or anything like that, it was just my attempt at humour that has possibly got lost in "translation" as humour so often does - that's why I put a smiley after. I was really just making the point that "Drop Base Rallies" and "Rally Base Rallies" were technically Supply and Demand concepts and I was interested in how you used that concept as a "Kink", which was completely new to me in the "hidden" DBR and RBR format you explained. It was actually more of a complement to your "Kink" concept because I hadn't really thought of the candle formation in that way before.

I have nothing but admiration for your trading skill - your charts and results speak for themselves. That is why I asked about your trading approach, the abbreviations you use - simply to learn.

I can see from your reply that you have taken my message very personally indeed and I just wanted you to know that you have misunderstood my message because causing offence is the last thing I would ever want to do, given the help and explanations you have so kindly provided me in the recent days.
Quoting Pat Chiko
{quote} There's is no correct way or right way how to draw S&R. The S&R are drawn at the correct place should be prime importance. One can draw any S&R on the chart, but you must be able to know which one is where price will react to. EDIT : BTW I just saw one thread on the S&R. You may check it out. I don't use indicator. https://www.forexfactory.com/thread/624820-need-best-support-and-resistance-indicator
Yes thank you
Right answer.
The conclusion is: "which one is where price will react to".
The price follow liquidity and this what we must search.
I don't like too indicators
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