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Real Trading

  • #14,121
  • Jan 3, 2023 6:10am Jan 3, 2023 6:10am
Quoting Pat Chiko
{quote} UJ with current price formation, we have to wait for SDF to showw its hand before commiting to LONG position.Sep up for UJ long trade. DAILY{image} H4{image} M30{image}
UJ

End of scalping.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #14,122
  • Jan 3, 2023 6:12am Jan 3, 2023 6:12am
Quoting ahmike
Sifu Pat, I’m trying to analyse, could you correct me with your views pls (if any) ? Thanks {image}
I don;t know.

I find set up on Daily/H4.
My N3 is on H1/M30.

Analyisng LTF may have to deal with noise.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #14,123
  • Jan 3, 2023 8:03am Jan 3, 2023 8:03am
Quoting Pat Chiko
{quote} I don;t know. I find set up on Daily/H4. My N3 is on H1/M30. Analyisng LTF may have to deal with noise.
thanks sifu PAT.

could you share more on entry point like signal you look for (apart of SND zone, if any) please?

thankss
Be like water, my friend!
  • #14,124
  • Jan 3, 2023 7:57pm Jan 3, 2023 7:57pm
Quoting ahmike
Sifu Pat, I’m trying to analyse, could you correct me with your views pls (if any) ? Thanks {image}
update for this
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Be like water, my friend!
  • #14,125
  • Jan 3, 2023 9:54pm Jan 3, 2023 9:54pm
Quoting ahmike
{quote} thanks sifu PAT. could you share more on entry point like signal you look for (apart of SND zone, if any) please? thankss

You’re asking me to give you a pill.
RED pill to trade profitable for 60 pips per day
BLUE pill will give you swing trades with 700 pips a month.
Attached Image (click to enlarge)
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Sorry to say, I don’t have that pills………

If you are a typical traders then you will go system to system, indicator to indicator, then finally you will realise you need to go back to basics and follow in the footsteps left by the big players and learn PA, then you will find yourself coming back to these two threads and start to break even, .. then you will start to make profit, .. then you will have the "a-ha" moment and wish you had realised at the start all the things you have now learnt and annoyingly seem blindingly obvious.

Many asked me to share my system.
I’ve shared it, in many of my post and notes.
Nothing to hide, it is just a plain and primitive tools called “Support & Resistance”.

Learn PA on the daily TF.
Read my eralier post on the subject. Hree the link :
Quoting Pat Chiko
EVERY system out there will be profitable ....

and
Quoting Pat Chiko
{quote} Most important knowledge to be good forex trader is to understand Support & Resistance. .


You will end up with a good education and understanding of Price Action, how to read it, and then make stress free consistent profits from easily identifiable high probability trades.

It will take time, it will take effort, you will not find a magic pills nor a grail (nor any quick fix magic indicators - but you knew this already you just don't want to hear it?)

The "cracking" of the fx time series, in the intra-day perspective, is provided by understanding market structure, i.e. the way the market is organised and the ways in which its participants go about their business. This is top priority of any day traders. If you don’t understand this, any indicator or syatem is useless.

FYI - I have more than 3 year in trading now, blew my first few accounts then learns to do it properly. Spend about two hours each evening just to study S&R. ….. and can assure you this amount of time is realistic once you know how to do it (the number of hours I have spent prior to this learning and brain soaking however is extreme!)

Knowing and understanding is two different things.
There is a ribbon of intelligence that runs throughout the markets. However, there is just enough chaos thrown in just to throw off inexperienced as well as incompetent traders.

That’s why I trade in multiple accounts, As for GBP/USD pairs I’ve two account. Ie Short Term Scalping and Long Term Scalping.
The longer you trade, the better you become at finding out where the ribbons are hidden (high probability plays).


Another reminder for you, please don’t give me title, whatever the title is is an insult to me.
“Guru”, “Sifu”, “Master”. “Maestro” of or whatever fak…. these are fake people.

They take money from “student” charges with high fees and reproduce all “HINDSIGHT” chart to student.
That’s why you can see all my chart are watermarked, as I’ve caught several fake sifu had been using my chart to sell to their student.

Just for your info , there is an importance subject of philosophy and the topic on the human ego.
I’ve seen many traders has an over-inflated ego.
Pay close attention to their words and actions and you wouldn't be surprise why they act the way they do.
Even an average/normal person expresses their ego almost every minute.
Pray five times a day & night that the world would be in peace.
(And we even can't get some little peace here at the forums - with trolls)


Good luck.
You have a hard but extremely rewarding path ahead of you should you choose to stick with it.
It is not as easy as all the sales (guru & Sifu).. make out, just remember they get paid to sell the dream rather than trade the reality - so you work out the truth and their agenda !?!

All the best in your journey.
PAT Chiko
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #14,126
  • Jan 3, 2023 10:19pm Jan 3, 2023 10:19pm
Quoting Pat Chiko
{quote} You’re asking me to give you a pill. RED pill to trade profitable for 60 pips per day BLUE pill will give you swing trades with 700 pips a month.{image} Sorry to say, I don’t have that pills……… If you are a typical traders then you will go system to system, indicator to indicator, then finally you will realise you need to go back to basics and follow in the footsteps left by the big players and learn PA, then you will find yourself coming back to these two threads and start to break even, .. then you will start to make profit, .. then you...
THANK YOU PAT.!
  • #14,127
  • Jan 3, 2023 10:31pm Jan 3, 2023 10:31pm
Quoting Pat Chiko
{quote} You’re asking me to give you a pill. RED pill to trade profitable for 60 pips per day BLUE pill will give you swing trades with 700 pips a month.{image} Sorry to say, I don’t have that pills……… If you are a typical traders then you will go system to system, indicator to indicator, then finally you will realise you need to go back to basics and follow in the footsteps left by the big players and learn PA, then you will find yourself coming back to these two threads and start to break even, .. then you will start to make profit, .. then you...
noted thank you PAT
Be like water, my friend!
  • #14,128
  • Jan 4, 2023 1:30am Jan 4, 2023 1:30am
Quoting Pat Chiko
{quote} You’re asking me to give you a pill. RED pill to trade profitable for 60 pips per day BLUE pill will give you swing trades with 700 pips a month.{image} Sorry to say, I don’t have that pills……… If you are a typical traders then you will go system to system, indicator to indicator, then finally you will realise you need to go back to basics and follow in the footsteps left by the big players and learn PA, then you will find yourself coming back to these two threads and start to break even, .. then you will start to make profit, .. then you...
Thanks for the information and advice, but if in a nutshell explain where the support is and where the resistance is and the rules for building these levels
  • #14,129
  • Edited 11:32am Jan 9, 2023 11:15am | Edited 11:32am
GU

set up
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coreg2004
appreciate your view on this
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #14,130
  • Jan 9, 2023 11:41am Jan 9, 2023 11:41am
Quoting Pat Chiko
{quote} You’re asking me to give you a pill. RED pill to trade profitable for 60 pips per day BLUE pill will give you swing trades with 700 pips a month.{image} Sorry to say, I don’t have that pills……… If you are a typical traders then you will go system to system, indicator to indicator, then finally you will realise you need to go back to basics and follow in the footsteps left by the big players and learn PA, then you will find yourself coming back to these two threads and start to break even, .. then you will start to make profit, .. then you...
Always red...
Always trade your own plan...I don't provide trading signals.
  • #14,131
  • Jan 9, 2023 12:10pm Jan 9, 2023 12:10pm
Quoting Pat Chiko
GU set up{image} coreg2004 appreciate your view on this
Pat, on the 4H chart we still have too many options to choose from. But the 30M chart can narrow our focus.
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Always trade your own plan...I don't provide trading signals.
  • #14,132
  • Jan 10, 2023 11:30pm Jan 10, 2023 11:30pm
Quoting Gonzzo
{quote} Thanks for the information and advice, but if in a nutshell explain where the support is and where the resistance is and the rules for building these levels
Follow this thread...This is Pat Chiko's Notes.
Sang Real Notes
  • #14,133
  • Jan 11, 2023 12:03pm Jan 11, 2023 12:03pm
Sell EUR/USD at 1,0746.
No SL and TP.
  • #14,134
  • Jan 11, 2023 5:00pm Jan 11, 2023 5:00pm
One of the trading details that has frustrated me is 'timeframe'. Many experienced traders talk about trading more profitably in higher timeframes. The challenge is that when you look at the higher timeframe, especially as a newbie and then switch to a lower timeframe to confirm entry signals things change in the higher timeframe.
I believe that I have found a workaround to my problem.
Pick your favourite indicators.
I have succeeded in all time frames using the 9, 21 and 48-period moving averages. Within these time frames, I have been and continue to experiment with different methods of determining the moving average.
So far, the most effective are the double EMA, EMA, and Volume weighted moving average.
Example using the 9-period DEMA and VWMA gets you entry and exit signals from trades.
Example using the crosses from the 9, 21 and 48 period EMA's gets you great continuation signals for any trend movement.
Example using the divergences of the signal lines from the 9, 21 and 48 period EMA gets you continuation signals for any trend.
So to trade these in a 15 minute or higher timeframe, start with a 1 minute time frame and indicator by indicator either use the indicator as prescribed for the 1 minute frame or take the period data and mulitply by 15 until you get results that make sense.
When this is done, add a 1 minute moving average for example so that it is easy to see what direction things are moving in right now.
Attached is a sample of what I am working on. A 1 minute chart with key signals in a 15 minute time frame and a couple of indicators in the 1 minute time frame as well.
Appreciate suggestions on how to make this work better would be appreciated.
I also have a proposal for an AI or machine learning Forex trading concept that should enable myself and the programmer to earn at least a couple of hundred dollars a day forever!
Thanks for reading if you made it this far!
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  • #14,135
  • Jan 18, 2023 8:25am Jan 18, 2023 8:25am
Quoting bigiivan
Sell EUR/USD at 1,0746. No SL and TP.
Another sell is activated at 1,0873.
  • #14,136
  • Jan 18, 2023 12:07pm Jan 18, 2023 12:07pm
Quoting bigiivan
Sell EUR/USD at 1,0746. No SL and TP.
Quoting bigiivan
{quote} Another sell is activated at 1,0873.
Out!
First one -49 pips. Second one + 78 pips.
Total + 29 pips (+ swap).
  • #14,137
  • Jan 23, 2023 5:35am Jan 23, 2023 5:35am
Hey,

Trying this idea of scalp from BO, sl manual
GL everyone!!!
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  • #14,138
  • Jan 23, 2023 6:39am Jan 23, 2023 6:39am
Quoting DmShka
Hey, Trying this idea of scalp from BO, sl manual GL everyone!!! {image}
Updated: a little bit moved down, and more not expected from this N3, final picture
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  • #14,139
  • Jan 23, 2023 10:18am Jan 23, 2023 10:18am
Quoting DmShka
{quote} Updated: a little bit moved down, and more not expected from this N3, final picture {image}
SL triggered.
  • #14,140
  • Jan 24, 2023 3:06am Jan 24, 2023 3:06am
Quoting dantpm
One of the trading details that has frustrated me is 'timeframe'. Many experienced traders talk about trading more profitably in higher timeframes. The challenge is that when you look at the higher timeframe, especially as a newbie and then switch to a lower timeframe to confirm entry signals things change in the higher timeframe. I believe that I have found a workaround to my problem. Pick your favourite indicators. I have succeeded in all time frames using the 9, 21 and 48-period moving averages. Within these time frames, I have been and continue...
I believe that most traders who use indicators make a serious mistake, ie they reason by looking at the indicators and not the price (HH, HL, LH, LL, BO, CHoCH, S/D, S&H, QM). If you know where you are the indicators can help you as a trigger, but if you don't know where you are trading only indicators you will be doomed to fail. Follow PATCHICO is the best and easiest way to trade and only use indicators if you want to make an EA. This is what I think after 20 years of trading.
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