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Price Action Trading (PAT) - Amplifying Market Insights

  • #1
  • First Post: Edited Feb 5, 2024 5:48am Mar 7, 2023 2:42am | Edited Feb 5, 2024 5:48am
Price action lies at the very heart of market analysis, a powerful tool honed by traders for over a century.
From the timeless principles of Dow Theory and Wyckoff analysis and Elliot Wave to the modern advancements of Smart Money Concepts (SMC) and ICT, the core remains constant: reading the market's story through its raw price movements.

Join us on this exciting journey into Price Action Trading (PAT). Here, we delve deep into the pure analysis of price action, stripping away distractions and focusing on the market's fundamental language.

Rule:

Where the only rule that matters is fresh breath!

We believe that good dental hygiene and good intentions go hand in hand, so before you post, make sure to brush your teeth (and your brain!) and leave your troll impulses at the door.

As for the rest of the rules, we'll make them up as we go along, because where's the fun in following a boring rule book?

So come join the fun and let's see where our collaborative and well-intentioned discussions take us!

Pat Chiko
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2
  • Edited 3:12am Mar 7, 2023 2:44am | Edited 3:12am
Quoting Indigo45
{quote} Hey Pat, Can you please spotlight on how do you plan and trade NFP...Thanks.

EDIT :


Historically, there has never been an instance where the month following a month with 500,000 new jobs saw a higher number of new jobs. ( important point)

This trend was observed in both July and August of 2022.
As a result, it is expected that the NFP numbers for February will be lower, potentially around 280,000 to 320,000 new jobs.

Here the NFP number :
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Here is an example of an NFP trading strategy:

Scenario Reaction
If NFP report is better than expected, the strategy is to sell GBP/USD.
If NFP report is worse than expected, the strategy is to buy GBP/USD.
If NFP report is consistent with forecast, no action is taken.

This strategy is based on the understanding of the potential impact of NFP on the Forex market, with a focus on the GBP/USD currency pair as an example.

You can use this table as a foundation for a straightforward NFP trading strategy, which involves analyzing the release and then quickly entering a position in the market that corresponds with the outcome.

In short, you've to plan it during first phase.

Before - Accumulation Range & Low Resistance Liquidity Run Engineered
During - Manipulation & Stop Run
After - Distribution & Target





Heey Bro.

gimme a bit. I will answer it in this thread not in that.
NFP on Friday should be fun..

BRB, need to write answer for you.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3
  • Edited 3:15am Mar 7, 2023 2:52am | Edited 3:15am
that's the thread I'm waiting from you to open

bought at the daily open in XAUUSD, the fast stoch is mostly down in all time frames, except the daily one, the most important, but knowing how slow it can be and having H4 as suport is good enough
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h4 stoch
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D1 stoch, the one oposite
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it may be go still some down as I didn't mastered timing yet
rip and tear until it's done
  • #4
  • Mar 7, 2023 3:15am Mar 7, 2023 3:15am
Poster previously in other thread, now it is moving to this new house.

Quoting Pat Chiko
{quote} Hello Bro KareemAli. EU Am looking at EU and have been thinking this fella want to take up some LQ on top during Asia session, before goes back down to RT the RSF zone. Thre's another demand zone at the bottom yet for RT. With major impact news release on Wed and Friday, price may swing between this two zone trying to rope as much LQ before moving up. I wait for what Asia offer tomorrow before taking this trade. Just my newbie view and some wishful thinking. Regards PAT{image}
EU

Previously marked up chart
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Open position update.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #5
  • Mar 7, 2023 3:32am Mar 7, 2023 3:32am
Quoting Pat Chiko
Fun Factory: Interactive Discussions on Day Trading and Scalping This forum is designed for scalpers and day traders to come together, share ideas, and discuss various trading strategies. Welcomes all levels of traders, from beginners to experts, to engage in lively discussions, ask questions and offer insights on various trading pairs including forex, cryptocurrencies, metals, and indexes. The perfect place to connect with like-minded traders and make trade calls. We values interaction and collaboration, so don't be afraid to ask questions, offer...
Fun Factory congrats for your own interactive thread
https://breakpullback.com
  • #6
  • Mar 7, 2023 3:37am Mar 7, 2023 3:37am
Have been copying Waveskie trade call.
So far it is all good and cake walk.....

Quoting Waveskierrob
Added SHORT 1.2042 nosl notp
Quoting Waveskierrob
Added SHORT 1.2033 nosl notp, hopefully a big fat pip dinner for.me...
Quoting Waveskierrob
Added SHORT 1.2028 nosl notp
GU

The latest was according to S&R based rules.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #7
  • Mar 7, 2023 3:42am Mar 7, 2023 3:42am
Quoting Pat Chiko
Have been copying Waveskie trade call. So far it is all good and cake walk..... {quote} {quote} {quote} GU The latest was according to S&R based rules.{image}
Also still have another 4 SHORTS open BE 1.1962
  • #8
  • Mar 7, 2023 3:45am Mar 7, 2023 3:45am
This week calendar.
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Friday come.........with NFP The day of judgment.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #9
  • Mar 7, 2023 3:45am Mar 7, 2023 3:45am
Quoting sisucoro
that's the thread I'm waiting from you to open bought at the daily open in XAUUSD, the fast stoch is mostly down in all time frames, except the daily one, the most important, but knowing how slow it can be and having H4 as suport is good enough{image}h4 stoch{image}D1 stoch, the one oposite{image} it may be go still some down as I didn't mastered timing yet
Breakout / Retest / SR Flip / whatever name you wanna use. From H4. Pretty tight SL though. Not sure if it should be moved down more.
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  • #10
  • Mar 7, 2023 3:52am Mar 7, 2023 3:52am
Quoting Waveskierrob
{quote} Also still have another 4 SHORTS open BE 1.1962

As I mentioned in my earlier post about the NFP outlook for Friday, the number of new jobs is expected to decrease significantly from the 500K reported in January.
The general consensus among traders and market makers is that the DXY will decline and GBP/EUR will rise.

As we approach the NFP release, market participants are starting to position themselves for accumulation ahead of the event.
The movements of the EUR/USD and GBP/USD pairs are closely aligned with the plans of market makers.

By the way, the way you trade and behaving are like market maker, are you one of them..?

Thanks for the signal........ I owe you 3 signal......
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #11
  • Mar 7, 2023 4:27am Mar 7, 2023 4:27am
Quoting Pat Chiko
Have been copying Waveskie trade call. So far it is all good and cake walk..... {quote} {quote} {quote} GU The latest was according to S&R based rules.{image}
GU

Trading with objective not by guessing.

The N3 was based on "rejection" of supply level.
The exit is based on S&R zone.

Simple rule even a newbie can understand it well
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #12
  • Mar 7, 2023 4:31am Mar 7, 2023 4:31am
support and resistance club I' m coming
  • #13
  • Mar 7, 2023 4:34am Mar 7, 2023 4:34am
NFP

Watch this numbers
consensus is for 215k jobs .
U/E at 3.4%
AHE at 0.3%

Note : 11 of the past 12 NFPs have beaten expectations.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #14
  • Mar 7, 2023 4:45am Mar 7, 2023 4:45am
Quoting Pat Chiko
NFP Watch this numbers consensus is for 215k jobs . U/E at 3.4% AHE at 0.3% Note : 11 of the past 12 NFPs have beaten expectations.{image}
Fed is too shrewd in numbers...they often set expectations too low to get ahead. 200 against 517...these numbers can easily be exceeded... but it will not affect the sentiment if figures are around 200-300.
  • #15
  • Mar 7, 2023 4:49am Mar 7, 2023 4:49am
Wednesday. ie tomorrow

Don't Overlooked Job Openings and Labor Turnover Survey (JOLTS).
Indicated high demand for workers as job openings ticked upward.
And we are seeeing a historically low unemployment rate as well as lower wage gains.

This refllcet that demand for workers has not declined nor remained stagnant as economists anticipated.

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As the Fed strives to balance the competing demands of controlling inflation and maintaining employment levels, it is improbable that they will decrease interest rates in response to the decline in wage gains.

Nonetheless, the Fed will need to keep a close eye on developments.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #16
  • Mar 7, 2023 4:51am Mar 7, 2023 4:51am
Quoting Indigo45
{quote} Fed is too shrewd in numbers...they often set expectations too low to get ahead. 200 against 517...these numbers can easily be exceeded... but it will not affect the sentiment if figures are around 200-300.

Im looking at JOLTs tommorow, as this will have some influence on Friday NFP.
If we observe both the JOLTS and Employment Situation reports indicate that the robust market has not been deterred by the specter of rising interest rates or any other economic indicators.

It is the tight labor will increased competition among employers and job seekers.
As the labor market continues to evolve, up-to-date data will be crucial for employers, educators, and community leaders to emerge successfully from the challenges ahead.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #17
  • Mar 7, 2023 4:55am Mar 7, 2023 4:55am
Quoting Pat Chiko
NFP Watch this numbers consensus is for 215k jobs . U/E at 3.4% AHE at 0.3% Note : 11 of the past 12 NFPs have beaten expectations.{image}
Goldman sachs forecast 300k
More time in the market, does not mean you trade better!
  • #18
  • Mar 7, 2023 5:23am Mar 7, 2023 5:23am
Buy limit
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  • #19
  • Mar 7, 2023 5:39am Mar 7, 2023 5:39am
Let's collaborate and share our knowledge on support and resistance, as well as supply and demand. By exchanging ideas and helping each other, we can enhance our trading skills together.

I would be grateful for your comments on my first chart. Your valuable feedback can help me learn and improve my skills as a trader.
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  • #20
  • Mar 7, 2023 6:14am Mar 7, 2023 6:14am
Quoting france001
Let's collaborate and share our knowledge on support and resistance, as well as supply and demand. By exchanging ideas and helping each other, we can enhance our trading skills together. I would be grateful for your comments on my first chart. Your valuable feedback can help me learn and improve my skills as a trader. {image}
Price Action.

Understanding price action is not simply a matter of marking a level or zone that we see on a single chart.
It requires analysis across multiple time frames and an understanding of the overall market structure.

Therefore, we must examine the entire structure, as relying on just one time frame is not sufficient for determining the effectiveness of a particular set.

It's important to note that prices always seek out liquidity, regardless of support and resistance or supply and demand levels. Sometimes, these levels are respected, while other times they are not.

It's up to us to identify the appropriate setup based on the higher time frame structure and the liquidity levels that prices may target.
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BSZ (break stop zone ). The area above it is where hidden LQ is. Most are trapped by relying on S&R but not understnading BSZ purpose.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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