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Price Action Trading (PAT) - Amplifying Market Insights

  • #61
  • Mar 7, 2023 9:19pm Mar 7, 2023 9:19pm
Quoting murphyfx
{quote} RT means - Retest. BOS means - Break of Structure
thank you
  • #62
  • Mar 7, 2023 10:29pm Mar 7, 2023 10:29pm
Clean Charts, Clear Signals: A Comprehensive Approach to Price Analysis I

When it comes to trading, simply relying on entry signals or patterns won't cut it.

Successful Price Action Traders (PAT) know how to analyze their charts and identify market bias, without even needing a signal.
The key to this is setting up and analyzing your charts in a way that provides you with all the necessary clues to spot a potential entry.

Let me hear you on how to go about building this comprehensive guide, I’m here not to teach you anything, we have to learn exactly how we can analyze daily and weekly charts using clean, price charts, key levels, trends, price action, market bias and signals.

By breaking down each piece of the technical analysis puzzle, you'll learn how to map a market, identify potential trades and ultimately, trade with price action like a pro.

End of part 1/----
Continue...
I come from the future.
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  • #63
  • Mar 7, 2023 10:31pm Mar 7, 2023 10:31pm
Quoting Pat Chiko
Clean Charts, Clear Signals: A Comprehensive Approach to Price Analysis When it comes to trading, simply relying on entry signals or patterns won't cut it. Successful Price Action Traders (PAT) know how to analyze their charts and identify market bias, without even needing a signal. The key to this is setting up and analyzing your charts in a way that provides you with all the necessary clues to spot a potential entry. Let me hear you on how to go about building this comprehensive guide, I’m here not to teach you anything, we have to learn exactly...
Clean Charts, Clear Signals: A Comprehensive Approach to Price Analysis II

To start a trading day, We only need to rely on just three key charts for mapping the markets.
Before even considering taking any trades, spend some time analyzing these charts and establishing a solid foundation for my market analysis.

By focusing on these three charts and following a consistent analysis routine, we’ll able to gain a deeper understanding of the markets and make more informed trading decisions.
This allows us to approach trades with greater confidence and ease.

So, whether you're just starting out or you're an experienced trader, taking the time to properly analyze your charts is essential for successful trading.
With a solid foundation in chart analysis, you'll be able to identify potential trades with greater accuracy and make more profitable trading decisions.

Let me hear you and view on how you see to go bout to trade this pair. I wait for your comment and view, andwe go along as we move towards LO.


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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #64
  • Mar 7, 2023 10:50pm Mar 7, 2023 10:50pm
Quoting Pat Chiko
{quote} Clean Charts, Clear Signals: A Comprehensive Approach to Price Analysis II To start a trading day, We only need to rely on just three key charts for mapping the markets. Before even considering taking any trades, spend some time analyzing these charts and establishing a solid foundation for my market analysis. By focusing on these three charts and following a consistent analysis routine, we’ll able to gain a deeper understanding of the markets and make more informed trading decisions. This allows us to approach trades with greater confidence...
My view...

There maybe a pull back to 137.126 price area where the BOS previously occurred to build some LQ for a continuation move to 139.113 probably
  • #65
  • Edited 12:22am Mar 8, 2023 12:05am | Edited 12:22am
USDJPY
December 20, 2022 sold off for about 691 pips.
Within the price range of that candle, 137.29 was the highest VAP value reached.

Now, price is back within the range and has succeeded in taking out the high. Should I buy the breakout?

I looked left and found 2 H4 candles whose VAP levels have not been tested (November 30, 2022)

The higher of the two levels has supply at 137.90X

I suggest selling there with stop loss slightly above 138.19

First target will be 136.33 where price did the highest H4 volume for the current week.

After price gets to 136.33 I will re-assess
  • #66
  • Mar 8, 2023 1:43am Mar 8, 2023 1:43am
Quoting Pat Chiko
{quote} Clean Charts, Clear Signals: A Comprehensive Approach to Price Analysis II To start a trading day, We only need to rely on just three key charts for mapping the markets. Before even considering taking any trades, spend some time analyzing these charts and establishing a solid foundation for my market analysis. By focusing on these three charts and following a consistent analysis routine, we’ll able to gain a deeper understanding of the markets and make more informed trading decisions. This allows us to approach trades with greater confidence...
would really appreciate it if u give real time trade setup on any pairs . like u did on gold and GU
thank you
  • #67
  • Mar 8, 2023 1:44am Mar 8, 2023 1:44am
Quoting pipcenturion
USDJPY December 20, 2022 sold off for about 691 pips. Within the price range of that candle, 137.29 was the highest VAP value reached. Now, price is back within the range and has succeeded in taking out the high. Should I buy the breakout? I looked left and found 2 H4 candles whose VAP levels have not been tested (November 30, 2022) The higher of the two levels has supply at 137.90X I suggest selling there with stop loss slightly above 138.19 First target will be 136.33 where price did the highest H4 volume for the current week. After price gets...
thanks for ur opinion
  • #68
  • Mar 8, 2023 2:53am Mar 8, 2023 2:53am
Quoting Pat Chiko
{quote} Clean Charts, Clear Signals: A Comprehensive Approach to Price Analysis II To start a trading day, We only need to rely on just three key charts for mapping the markets. Before even considering taking any trades, spend some time analyzing these charts and establishing a solid foundation for my market analysis. By focusing on these three charts and following a consistent analysis routine, we’ll able to gain a deeper understanding of the markets and make more informed trading decisions. This allows us to approach trades with greater confidence...
Hello Chiko
From the first view it's a classic QM, but is it will be? Nobody knows, the price can easily go to double top let's say or even higher. It's just imagination, imho.... Need some fundamental analysis, about BOJ and Fed. But it must be bounce there, even small, let's say 30-40 pips around 139.145 level, maybe NFP hit or something
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  • #69
  • Mar 8, 2023 3:02am Mar 8, 2023 3:02am
UJ H4
2 view

1 Resistance
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Range RT UP
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However I don't touch it. I need to see the price over 138
  • #70
  • Mar 8, 2023 3:09am Mar 8, 2023 3:09am
Already once show my idea about DXY and mirrorly draw zigzag:
https://www.forexfactory.com/thread/...7#post14327077

And price achive that level, the question is how
And if DXY want to fly, then what will be with UJ, it can be double top then as minimum
Again need strict fundamental analysis, whithout it, it just imagination
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  • #71
  • Mar 8, 2023 3:10am Mar 8, 2023 3:10am
Quoting muhammadkhan
{quote} would really appreciate it if u give real time trade setup on any pairs . like u did on gold and GU thank you
Not agreed brother.
It is better he gives accurate trade setup in 1 pair or maximum two pairs and get a consistent result daily than focusing on too many pairs and fail to achieve consistency.
Focusing on 1 or 2 pairs meaning you get more time to manage the trade when the market floating against you. and as well as reacting quicker
More time in the market, does not mean you trade better!
  • #72
  • Mar 8, 2023 3:50am Mar 8, 2023 3:50am
Quoting Fardeen1209
{quote} Not agreed brother. It is better he gives accurate trade setup in 1 pair or maximum two pairs and get a consistent result daily than focusing on too many pairs and fail to achieve consistency. Focusing on 1 or 2 pairs meaning you get more time to manage the trade when the market floating against you. and as well as reacting quicker
ok brother
  • #73
  • Mar 8, 2023 4:18am Mar 8, 2023 4:18am
Quoting pipcenturion
USDJPY December 20, 2022 sold off for about 691 pips. Within the price range of that candle, 137.29 was the highest VAP value reached. Now, price is back within the range and has succeeded in taking out the high. Should I buy the breakout? I looked left and found 2 H4 candles whose VAP levels have not been tested (November 30, 2022) The higher of the two levels has supply at 137.90X I suggest selling there with stop loss slightly above 138.19 First target will be 136.33 where price did the...
Hello Pipcenturion,
I have analyzed the chart based on the Daily/H4 time frames and narrowed it down to the M30 time frame.
Interested in taking trades at certain price levels, which are similar to yours with slight differences.

However, I plan to wait for some time as the price may undergo a manipulation process to catch buyers/sellers on the wrong side before the JOLTS Job Openings major news data release.

This could result in another price sweep to higher levels with some spiking moves, taking out any liquidity above.
I am not ruling out the possibility of the price spiking below the current level for some liquidity before ending the day higher, in preparation for Friday's NFP.

I will wait for NYO to begin before seeking confirmation to take these trades.
Thank you for sharing your views, and I appreciate the opportunity for us all to learn systematically to get the process right before entering any trades.

Best regards,
PAT
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #74
  • Mar 8, 2023 4:29am Mar 8, 2023 4:29am
Quoting muhammadkhan
{quote} would really appreciate it if u give real time trade setup on any pairs . like u did on gold and GU thank you
Hello there,
While I understand your request, I would like to emphasize that here we do not provide trade signals or make any wild guesses about where the price may move.

Unlike other threads on Forex Factory, our purpose here is to share our views on trading different currency pairs or assets.
By doing so, we can receive comments and feedback from others, which can help accelerate our learning skills.

This approach is much better than waiting for trade signals and not learning an essential part of trading, which is the trading process.
We encourage you to share your views on any currency pair or asset you want, and let us see how you justify your calls.
It's important to remember that here, we don't give fish; instead, we learn how to catch many many more.

I hope this helps clarify this thread stance on providing trade signals, and I wish you the best of luck in your trading journey.

Pat Chiko
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #75
  • Mar 8, 2023 4:47am Mar 8, 2023 4:47am
Quoting Pat Chiko
{quote} Hello there, While I understand your request, I would like to emphasize that here we do not provide trade signals or make any wild guesses about where the price may move. Unlike other threads on Forex Factory, our purpose here is to share our views on trading different currency pairs or assets. By doing so, we can receive comments and feedback from others, which can help accelerate our learning skills. This approach is much better than waiting for trade signals and not learning an essential part of trading, which is the trading process....
got it thank u
  • #76
  • Mar 8, 2023 4:51am Mar 8, 2023 4:51am
JOLTS

Later today, the JOLTS data will be released, which, according to various sources, indicates weakness in the U.S. employment market. Despite JOLTS suggesting job openings, multiple sources, such as UBS and Zip Recruiter, indicate a decline in job openings.
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The provided chart illustrates a downward trend in job postings, with a decrease of 5.7% month-over-month as of March 3rd, and new postings dropping by 3.9% m-o-m.

The number of job openings at the end of January will only be available once the BLS publishes their data.
Again assuming similar growth since the end of December, Indeed JPI implies 9.9 million openings on February 28th.
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That would mean a decline of over 1 million job openings in the first two months of the year.
Looking forward to the JOLTS release later.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #77
  • Mar 8, 2023 4:53am Mar 8, 2023 4:53am
Quoting Pat Chiko
{quote} Hello Pipcenturion, I have analyzed the chart based on the Daily/H4 time frames and narrowed it down to the M30 time frame. Interested in taking trades at certain price levels, which are similar to yours with slight differences. However, I plan to wait for some time as the price may undergo a manipulation process to catch buyers/sellers on the wrong side before the JOLTS Job Openings major news data release. This could result in another price sweep to higher levels with some spiking moves, taking out any liquidity above. I am not ruling...
Thanks for all that you do for the trading community at forexfactory sir.
  • #78
  • Mar 8, 2023 5:09am Mar 8, 2023 5:09am
GBP USD

GU looks heavy. Further downside expected.
From the current chart, Im waiting for GU to retest.
Then I strike again.


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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #79
  • Mar 8, 2023 5:18am Mar 8, 2023 5:18am
OUT LOOK. ( my newbie view only).

During the first half of the European session on Wednesday, the GBP/USD pair is consolidating the significant losses from the previous day and trading within a narrow range, just a few pips above its lowest level since November.

As of now, the pair is hovering around the 1.18200 region, which is a technically critical support level.

Although the US Dollar has recently surged to a three-month high due to the bullish market sentiment, there are signs of stability in the equity markets, which are allowing USD bulls to take a breather.

This may be providing some support to the GBP/USD pair.
However, despite these factors, a significant recovery in the pair seems challenging as the market is increasingly anticipating more aggressive policy tightening by the Federal Reserve.


The likelihood of a substantial 50 basis point lift-off during the March FOMC policy meeting is being reflected in the current market prices.

This increase in bets was prompted by the statements made by Fed Chair JPowl on Tuesday (yesterday).
JPow suggested that interest rates may need to rise at a faster pace and to a greater extent than previously expected.
He also indicated that the Fed is ready to quicken the rate hike process to counteract persistent high inflation levels.
I come from the future.
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  • #80
  • Mar 8, 2023 5:26am Mar 8, 2023 5:26am
UK outlook.

Looking the UK rising borrowing costs and concerns about economic headwinds are adding to market worries.

Additionally, fading hopes of a strong Chinese economic recovery and the ongoing US-China tensions are further dampening market optimism.
Furthermore, the BoE is expected to raise interest rates, which is already factored into the market.
This indicates that the GU is likely to experience downward pressure.

The release of the ADP report on private-sector employment and JOLTS Job Openings data are the key events on the US economic docket that are closely monitoring.

These factors, coupled with broader risk sentiment, JPow's second day of testimony before the House Financial Services Committee, and US bond yields, will likely influence the strength of the US dollar and provide some significant impact to the GU.
I come from the future.
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