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Price Action Trading (PAT) - Amplifying Market Insights

  • #21
  • Mar 7, 2023 6:21am Mar 7, 2023 6:21am
Quoting Pat Chiko
{quote} 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,...

GOLD

zoom in for clear markeup zone.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #22
  • Mar 7, 2023 6:23am Mar 7, 2023 6:23am
Quoting Pat Chiko
{quote} 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,...
those kind of things is what I actually need to learn, thank you for that

EDIT:
Quoting Pat Chiko
{quote} GOLD zoom in for clear markeup zone.{image}
I understand the first trap, the bear one, but I don't get bull one at all,, it's like a reaction of the bear one, that was actually right but ''not yet'', right?
rip and tear until it's done
  • #23
  • Mar 7, 2023 6:27am Mar 7, 2023 6:27am
Quoting Pat Chiko
{quote} 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,...
wow，thanks for your reply ， it's really informative ， I would have to spend time to study your strategy thoroughly
  • #24
  • Mar 7, 2023 6:27am Mar 7, 2023 6:27am
I'll join the fun, nice to see you with your own thread PC
  • #25
  • Mar 7, 2023 6:31am Mar 7, 2023 6:31am
For USD JPY Fan anf Fun traders.

Do oyuo know that UST and JPY are linked?

Here;s why......

Japanese investors are the largest foreign holder of US debt.
To protect against FX loss, Japanese investors hedge their UST investments.
Rising US rates + weakening yen made the cost to hedge too expensive, so they sold USTs.

Here's the chart.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #26
  • Mar 7, 2023 6:34am Mar 7, 2023 6:34am
Quoting sisucoro
{quote} those kind of things is what I actually need to learn, thank you for that EDIT: {quote} I understand the first trap, the bear one, but I don't get bull one at all,, it's like a reaction of the bear one, that was actually right but ''not yet'', right?
Bull trap are mostly BO trader, seeing the price broke the R with strong momentum, they just jump in hoping the price will goes up to the moon.

Without looking to the left (LQ zone), the are trapped by placing buy oder after the BO.

Thats the beauty of BSZ.......
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #27
  • Mar 7, 2023 6:48am Mar 7, 2023 6:48am
Trade call vs Trade Set Up

In this FUN factory, I am not requiring anyone to offer trade signals.

Providing trade ideas and set up based on observed price movements is sufficient, as it can be dangerous to provide trade call or signals without a thorough understanding of price action.

Some experienced traders may struggle to give live trade calls.
I have observed one old trader who consistently provides inaccurate trade calls whenever she tries to showcase her skills.
It would be better for her to stick with providing hindsight signals. Yesterday, she did the same call and failed again for 12 times.
It's worth noting that this trader is not from this FUN Factory people, but from a distant location that's hard to access by civilization.

While I appreciate any effort to provide trade signals, it's better to focus on the thought process rather than immediately jumping to offering a trade call.

If you do choose to offer a trade call, be aware that I will ask why you made such a call, and it's important to have a well-thought-out response ready.

Pat Chiko.

P/S I don't think she got access to this Fun Factory... We're safe...
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #28
  • Mar 7, 2023 6:49am Mar 7, 2023 6:49am
Quoting Pat Chiko
{quote} 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,...
Hey bro would you still consider the BSZ if the market would unfold like the dotted line?
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More time in the market, does not mean you trade better!
  • #29
  • Mar 7, 2023 6:50am Mar 7, 2023 6:50am
Quoting Pat Chiko
{quote} GOLD zoom in for clear markeup zone.{image}
My bars different, and I cannot identify place for resistance,not sure how it possible but in your chart it looks different, are you use some instrument to squeeze bars somehow?
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  • #30
  • Mar 7, 2023 6:57am Mar 7, 2023 6:57am
Quoting DmShka
{quote} My bars different, and I cannot identify place for resistance,not sure how it possible but in your chart it looks different, are you use some instrument to squeeze bars somehow? {image}
Dont worry about that each individual candle may differ a bit, but the overall formation is there to tell you what price is doing and respecting those level.

By using your chart, it is jut as good and same trade can be taken in comparison using my chart.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #31
  • Mar 7, 2023 7:01am Mar 7, 2023 7:01am
https://www.forexfactory.com/thread/...2#post14350422
What to expect today...
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Always trade your own plan...I don't provide trading signals.
  • #32
  • Mar 7, 2023 7:08am Mar 7, 2023 7:08am
Quoting Coreg2004
https://www.forexfactory.com/thread/...2#post14350422
Thank s Coreg.
I actually saw that chart yesterday, but it wasn't in the appropriate thread. It's such a beautiful chart and should definitely be shared in this Fun Factory.

It's like discovering a diamond and returning it to its rightful place......
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P/S Dog are men best friend...
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #33
  • Mar 7, 2023 7:11am Mar 7, 2023 7:11am
Quoting Pat Chiko
{quote} Thank s Coreg. I actually saw that chart yesterday, but it wasn't in the appropriate thread. It's such a beautiful chart and should definitely be shared in this Fun Factory. It's like discovering a diamond and returning it to its rightful place......
Pat, the continuation of the thought process until the market proves me wrong...
Always trade your own plan...I don't provide trading signals.
  • #34
  • Mar 7, 2023 7:27am Mar 7, 2023 7:27am
JPow Speak in less than 2 hours

to be grilled before the Senate Banking Committee.
Does he remains as confident as before that the Fed is on the right path to keep inflation steadily falling towards its 2% target ?

My pespective as a newbie, on 2% target, is that's the expected outcome.
Inflation is decreasing, not only in the United States but globally as well.

Therefore, it's time to consider utilizing other monetary tools, such as investment incentives.
Providing loans to investors in critical consumer goods at low-interest rates to counter the inflationary impact.

A healthy inflation rate would be around 1.5-2%, neither too high nor too low.
By implementing these measures, we can stabilize the inflation rate and support the growth of the economy.

Lets USD fly to the moon...
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #35
  • Mar 7, 2023 7:40am Mar 7, 2023 7:40am
Quoting Pat Chiko
{quote} GOLD zoom in for clear markeup zone.{image}
Hi Pat, Can you please add some details...why do you consider them traps. and how just at that moment we can identify that one as trap. Thanks
  • #36
  • Mar 7, 2023 7:57am Mar 7, 2023 7:57am
Quoting Indigo45
{quote} Hi Pat, Can you please add some details...why do you consider them traps. and how just at that moment we can identify that one as trap. Thanks
I've explained it above.

But, will do it again for you with real time chart.
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The major market players are responsible for creating the bear and bull traps, which are characterized by price moving just above or below a key support or resistance level before quickly reversing direction.

For instance, when the price approaches a significant support level and appears poised to break out lower, the market players may cause it to breach the level before promptly reversing it. (Chart above)
This behavior creates a trap.

In the example, a bull /bear trap is evident. The resistance/support level was evident, and the bulls/brear entered long/short trades as the price began to break through the resistance/spport.

However, shortly after the breakout, the price reversed lower/higher, trapping the bulls/bear in their long/short trades.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #37
  • Mar 7, 2023 8:08am Mar 7, 2023 8:08am
Really good knowledge and explanations. Keep going, thank you.
you can't stop the waves, but you can learn to surf
  • #38
  • Mar 7, 2023 8:15am Mar 7, 2023 8:15am
Quoting Pat Chiko
{quote} I've explained it above. But, will do it again for you with real time chart.{image} The major market players are responsible for creating the bear and bull traps, which are characterized by price moving just above or below a key support or resistance level before quickly reversing direction. For instance, when the price approaches a significant support level and appears poised to break out lower, the market players may cause it to breach the level before promptly reversing it. (Chart above) This behavior creates a trap. In the example, a...
Pat, hopefully, DX will cooperate...4H chart.
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Always trade your own plan...I don't provide trading signals.
  • #39
  • Mar 7, 2023 8:20am Mar 7, 2023 8:20am
Here's another example of what Pat is talking about. The highs/lows of the week are good areas to watch when price approaches them. Those levels often result in failed breakouts which presents an opportunity for a trade in the other direction. Buy and sell stops just beyond the highs/lows of the week are sitting ducks for liquidity grabs, and we all know what happens to ducks. They get shot. lol
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Virtue signaling is for those who are devoid of actual virtue
  • #40
  • Mar 7, 2023 8:21am Mar 7, 2023 8:21am
Quoting Pat Chiko
{quote} I've explained it above. But, will do it again for you with real time chart.{image} The major market players are responsible for creating the bear and bull traps, which are characterized by price moving just above or below a key support or resistance level before quickly reversing direction. For instance, when the price approaches a significant support level and appears poised to break out lower, the market players may cause it to breach the level before promptly reversing it. (Chart above) This behavior creates a trap. In the example, a...
Pat do you REALLY expect to hear anything different from Powell? I'm thinking this speech is a nothing burger...
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