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  • #9,421
  • Feb 11, 2022 5:37am Feb 11, 2022 5:37am
Quoting pipcenturion
{quote} Thanks for the explanation sir.
Has been sometimes, didn't see you posting.

With your talent, I hope you will be able to share ideas and trade set up in this thread.

We appreciate your knowledge on WVAP and hope you going to be our regular poster here.

Best Wishes

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #9,422
  • Feb 11, 2022 5:39am Feb 11, 2022 5:39am
Under the sea update BE 12 x GU SHORT 1.3503
  • #9,423
  • Feb 11, 2022 5:43am Feb 11, 2022 5:43am
Quoting Pat Chiko
{quote} Before answering, just want some clarification You buy and sell same time or different time or set up. I know only one guy who are capable of pulling that stunt in this thread, none other than Waveskie. Maybe Waveskie, would like to help me a bit out here to sort this question. Thanks
Would help but not entirely sure what they are asking seems to me they have answered their own question with their PROS and CONS
  • #9,424
  • Feb 11, 2022 5:55am Feb 11, 2022 5:55am
Quoting Pat Chiko
{quote} GU Cash out TP 1 the First batch. TP 2 and TP 3 just above. Move to Positive Stop, around +30 pips stop level. Finish today talk and on my way home. Trade Safe PAT {image}

GU

New York set up.

Going to closed all position at TP 2. Not pursing higher ground as price approaching QM level that OB was partly mitigated in previous moves.

Liquidity below is the target

Bring it on New York. !

Attached Image (click to enlarge)
Click to Enlarge Name: gu 084.jpg Size: 436 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #9,425
  • Feb 11, 2022 5:57am Feb 11, 2022 5:57am
there are no stops sitting up there its the closing of buy orders which converted into sells orders, when price sweeps/raided above and price pushed down that's how algo works it no demand and supply as there is only one owner of GBP currency i.e., BoE, not many suppliers, i may be wrong but that's is what i understood.

what is pushing the price up is the displacement below and it can push price up further no surprise, and can tag the top of the yesterdays wick and will see the price action to ride it down.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 33 KB
"Exchange of hands"
  • #9,426
  • Feb 11, 2022 6:09am Feb 11, 2022 6:09am
Quoting Pat Chiko
{quote} GU New York set up. Going to closed all position at TP 2. Not pursing higher ground as price approaching QM level that OB was partly mitigated in previous moves. Liquidity below is the target Bring it on New York. ! {image}
Hey PAT
thank you for your set up.
I thought the same thing.
But you don't think the price could drop to close the imbalance 1.3455?
  • #9,427
  • Feb 11, 2022 6:13am Feb 11, 2022 6:13am
Quoting Pat Chiko
{quote} GU New York set up. Going to closed all position at TP 2. Not pursing higher ground as price approaching QM level that OB was partly mitigated in previous moves. Liquidity below is the target Bring it on New York. ! {image}
Nice!
  • #9,428
  • Feb 11, 2022 6:15am Feb 11, 2022 6:15am
Quoting Pat Chiko
{quote} GU New York set up. Going to closed all position at TP 2. Not pursing higher ground as price approaching QM level that OB was partly mitigated in previous moves. Liquidity below is the target Bring it on New York. ! {image}

GU

End of scalping .....Last four to go.

Hang out wait for next set up

Attached Image (click to enlarge)
Click to Enlarge Name: gu 085.jpg Size: 298 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #9,429
  • Feb 11, 2022 6:16am Feb 11, 2022 6:16am
NY session might be very interesting.

AUDUSD and EURUSD might be buying while GBPUSD takes the opposite side.

Let's see how the session will play out.
  • #9,430
  • Feb 11, 2022 6:19am Feb 11, 2022 6:19am
Quoting Pat Chiko
{quote} Before answering, just want some clarification You buy and sell same time or different time or set up. I know only one guy who are capable of pulling that stunt in this thread, none other than Waveskie. Maybe Waveskie, would like to help me a bit out here to sort this question. Thanks
Hi Pat.

I am always using smaller TF for entries to validate my bigger TF setup.
eg. <15 min TF to validate >1 hr

Seems like according to Waveskie, there is no right or wong answer here as there are pros and cons.
Sometimes i ask myself this when my trade results are below average. (cons: late entry to winning trades, less pips etc)
However, there are of course pros such as additional insurance in validating TA setups.

Thanks to all anyway.
  • #9,431
  • Feb 11, 2022 6:20am Feb 11, 2022 6:20am
Quoting Pat Chiko
{quote} GJ Same trade as GU, but the S&R is more prominent and clear than GU. Take out some, move Stop to positive. Still in the car, stuck in traffic. BTW I'm not driving. {image}

GJ

One spike stunt will clear all position.

Common GJ you can spike it.

Attached Image (click to enlarge)
Click to Enlarge Name: gj 030.jpg Size: 264 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #9,432
  • Feb 11, 2022 6:24am Feb 11, 2022 6:24am
Quoting pipcenturion
NY session might be very interesting. AUDUSD and EURUSD might be buying while GBPUSD takes the opposite side. Let's see how the session will play out.
Thanks Bro.

Friday is always a very exciting day to trade.

This where profit taking and liquidity pools get raided by the "pirate with ties and suit".

Stroke of computer button will kill retail traders instantly.

( couldn't find Pirate emoji, but, tha'ts close enough)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #9,433
  • Edited 6:47am Feb 11, 2022 6:31am | Edited 6:47am
Quoting Pat Chiko
{quote} Thanks Bro. Friday is always a very exciting day to trade. This where profit taking and liquidity pools get raided by the "pirate with ties and suit". Stroke of computer button will kill retail traders instantly. ( couldn't find Pirate emoji, but, tha'ts close enough)
I call them criminals and robber banks.

Friday and Monday are my best trade days. Hardly lose. By the time the US increase rates then Wednesdays will become very easy to trade again due to triple swap fees. Those Wednesdays EU and GU are always sold by the price movers because they don't want to pay triple overnight swap fees stemming from interest rate differentials.

There are other dynamics to it that will also make Thursday so sweet to trade depending on what happens on Wednesday.

This thread is informative and Pat, your chats are awesome.
  • #9,434
  • Feb 11, 2022 6:34am Feb 11, 2022 6:34am
Quoting firsttimer
{quote} Hi Pat. I am always using smaller TF for entries to validate my bigger TF setup. eg. <15 min TF to validate >1 hr Seems like according to Waveskie, there is no right or wong answer here as there are pros and cons. Sometimes i ask myself this when my trade results are below average. (cons: late entry to winning trades, less pips etc) However, there are of course pros such as additional insurance in validating TA setups. Thanks to all anyway.
OK. Just like riddle.
I don't know how to use anything lower than M30, all I can see is chaotic in price movement, giving me dizziness. I stay over H1 for entry and H4/Daily for set up.

Try to stay with H4/Daily, safer that way.

Here's one riddle for you

Last Two Candle was DOWN.
Current Two Candle is UP
Next Two candle going DOWN.

What is it ?.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #9,435
  • Feb 11, 2022 6:40am Feb 11, 2022 6:40am
Quoting firsttimer
{quote} Hi Pat. I am always using smaller TF for entries to validate my bigger TF setup. eg. <15 min TF to validate >1 hr Seems like according to Waveskie, there is no right or wong answer here as there are pros and cons. Sometimes i ask myself this when my trade results are below average. (cons: late entry to winning trades, less pips etc) However, there are of course pros such as additional insurance in validating TA setups. Thanks to all anyway.
The fact that you are aware of the PROS and CONS shows that you have done your homework
  • #9,436
  • Feb 11, 2022 6:41am Feb 11, 2022 6:41am
Quoting bilal1947
there are no stops sitting up there its the closing of buy orders which converted into sells orders, when price sweeps/raided above and price pushed down that's how algo works it no demand and supply as there is only one owner of GBP currency i.e., BoE, not many suppliers, i may be wrong but that's is what i understood. what is pushing the price up is the displacement below and it can push price up further no surprise, and can tag the top of the yesterdays wick and will see the price action to ride it down. {image}
Thanks Bilal,

you post are very enlightening and educational. I really appreciate you sharing thought over this GBP.

What you saying is of course totally true, but unfortunately that's not really what we want it is happens.

True, the FX market is constantly "correcting" itself to eliminate those type of technical inefficiencies.
These inefficiencies exist because the dissemination of information from one financial center (let's say Tokyo) to other financial hubs like London and New-York is not always instant.

When something bad happens to the Yen in Tokyo, New-York and London are not always instantly informed and/or don't adjust their prices immediately.
It may take up to 10 seconds or more and traders on the lookout can make a bundle in the meantime.

Those are minor inefficiencies and they happen almost all the time, in the stock, futures and forex market.
These inefficiencies disappear quickly every time BUT WE MUST NOT CONCLUDE THAT FOREX SYSTEMS MUST AND SHOULD BEHAVE THE SAME WAY!

Why?
Because FX trading systems exploit the ENTIRE inefficiency of the currency market!

Just my view on those S&D, OB, Market Eficiencies.


Best Regards

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #9,437
  • Feb 11, 2022 6:43am Feb 11, 2022 6:43am
UJ short. Been more than a year I traded this pair, I guess.
Attached Image (click to enlarge)
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  • #9,438
  • Feb 11, 2022 6:44am Feb 11, 2022 6:44am
Quoting Pat Chiko
{quote} OK. Just like riddle. I don't know how to use anything lower than M30, all I can see is chaotic in price movement, giving me dizziness. I stay over H1 for entry and H4/Daily for set up. Try to stay with H4/Daily, safer that way. Here's one riddle for you Last Two Candle was DOWN. Current Two Candle is UP Next Two candle going DOWN. What is it ?.
boss, i can see how you are trying to trigger my mindset in trading.

in the past i would say it depends.
nowadays, i always expect retracements/bounce to nearest support or resistance.

most of the time, the action is there in retracements. mentioned by burger too as well sometime ago in this thread. LOL
  • #9,439
  • Feb 11, 2022 6:47am Feb 11, 2022 6:47am
Quoting Mr.Burger
{quote} GU, C wave is tradable market {image}
for me trading is just repeating in-out routine --- like a sleep, eat, sleep, eat, sleep repeat

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 64 KB

--- it's weekend let's make the some fun
Daddy, Brother, Lover, Little Boy
  • #9,440
  • Feb 11, 2022 6:57am Feb 11, 2022 6:57am
Quoting firsttimer
{quote} boss, i can see how you are trying to trigger my mindset in trading. in the past i would say it depends. nowadays, i always expect retracements/bounce to nearest support or resistance. most of the time, the action is there in retracements. mentioned by burger too as well sometime ago in this thread. LOL

Don't call me Boss lah.

I'm you neighbor.,
If you throw stone sure hit my house roof top ....



Trade Safe Bro.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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