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Price Action Trading (PAT) - Amplifying Market Insights

  • #81
  • Mar 8, 2023 5:33am Mar 8, 2023 5:33am
Quoting pipcenturion
{quote} Thanks for all that you do for the trading community at forexfactory sir.
Hi Pip Centurion,

Thank you for your kind words!
I appreciate the recognition, but I believe that everyone in the trading community has a role to play in helping each other succeed.

It's great to hear that you're also doing your part by sharing your knowledge and supporting others in the community.
Together, we can continue to improve and make trading a better experience for everyone.

Best Wishes

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #82
  • Mar 8, 2023 5:46am Mar 8, 2023 5:46am


I'm also struggling to figure that out, but as it is now, I approac start with weekly and daily market analysis.
That is like reading a book - in order to understand what's happening on page 100, you must first read and comprehend pages 1-99.

This approach applies to trading as well, as you need to construct a narrative from the market you're analyzing by reviewing
historical data, plotting levels, analyzing price action, and staying up-to-date with the market each day at the close.

This process enables you to adjust levels or establish new ones as necessary.
I believe by integrating this routine into your price action trading strategy, it will eventually become a habit that you'll thoroughly enjoy.

After all, staying current with the market is enjoyable and adds to the fun of trading.

Best in trade and stay green.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #83
  • Mar 8, 2023 5:51am Mar 8, 2023 5:51am
Quoting Pat Chiko
I'm also struggling to figure that out, but as it is now, I approac start with weekly and daily market analysis. That is like reading a book - in order to understand what's happening on page 100, you must first read and comprehend pages 1-99. This approach applies to trading as well, as you need to construct a narrative from the market you're analyzing by reviewing historical data, plotting levels, analyzing price action, and staying up-to-date with the market each day at the close. This process enables you to adjust levels or establish...
Thanks for your response, I erased my question because I didn't refreshed well the page and readed the chapters that you started yesterday, as you say here, the response is there so thank you for starting this, can't wait for more
rip and tear until it's done
  • #84
  • Mar 8, 2023 6:15am Mar 8, 2023 6:15am
EU

Going for RT
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #85
  • Mar 8, 2023 6:23am Mar 8, 2023 6:23am
Quoting Pat Chiko
EU Going for RT{image}
appreciate it bro
  • #86
  • Edited 7:00am Mar 8, 2023 6:27am | Edited 7:00am
GOLD
EDIT :.

Today's suggestions for short-term gold operations propose a short-term rebound trade, with a call for further support at a later time.

The primary focus for short-term trades is on a resistance level between 1823-1830, while the secondary focus is on a support level between 1805-1800.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #87
  • Mar 8, 2023 6:35am Mar 8, 2023 6:35am
to start testing the waters, I opened the terminal and start working on it, nothing sexy, for now just drawing the most obvious suport and resistance levels on every chart, starting from weekly to H4, I was tempted to do the H1, but I will stick to the 3 that Pat says.

don't feel skilled to take any conclusion from that, but the idea is to train the eye

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EDIT: didn't seen (again) your charts, perfect, will compare them with what I did, thank you
rip and tear until it's done
  • #88
  • Mar 8, 2023 6:42am Mar 8, 2023 6:42am
Quoting muhammadkhan
{quote} appreciate it bro
When can I see your chart and contribution. ?
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #89
  • Mar 8, 2023 6:47am Mar 8, 2023 6:47am
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  • #90
  • Mar 8, 2023 6:47am Mar 8, 2023 6:47am
Keep it simple is the key on trading PB

The figure below will give you an idea of the whole setup, using BOS
and CHoCH combined with the market structure.
Attached Image (click to enlarge)
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I recommend you look at CHoCH as the first sign of trend change.
It doesn’t have to be a deep swing structure; it can be in the minor movements in between.
While the BOS is a trend continuation where we look for deep swing highs and lows to be taking out.

Note: CHoCH is not a guarantee, it can give false signals, use it in confluence with other tools.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #91
  • Mar 8, 2023 7:00am Mar 8, 2023 7:00am
Quoting Pat Chiko
{quote} When can I see your chart and contribution. ?
sorry to disappoint u but i am a noob trader basically i follow charts by other members .Analysis are out of head donot understand at all just simple resistance and support thats why i asked earlier for real trade chart
  • #92
  • Mar 8, 2023 7:05am Mar 8, 2023 7:05am
Great thread Pat, I see that you have started trading gold as well?
Exhausted
  • #93
  • Mar 8, 2023 7:13am Mar 8, 2023 7:13am
This m15 is same with brother pat h4 gold setup. TQ bang pat
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Newbie here
  • #94
  • Mar 8, 2023 7:29am Mar 8, 2023 7:29am
Quoting Pat Chiko
Keep it simple is the key on trading PB The figure below will give you an idea of the whole setup, using BOS and CHoCH combined with the market structure.{image} I recommend you look at CHoCH as the first sign of trend change. It doesn’t have to be a deep swing structure; it can be in the minor movements in between. While the BOS is a trend continuation where we look for deep swing highs and lows to be taking out. Note: CHoCH is not a guarantee, it can give false signals, use it in confluence with other tools.
We (Pat and I) can't emphasize enough the importance of reading market structure in trading. Basically, our presence on FF is dedicated to this topic. Of course, the ability to read MS doesn't give you a 100% win ratio but gives you the confidence to take the trade because you will know how to handle any situation unfolding on the chart.
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Always trade your own plan...I don't provide trading signals.
  • #95
  • Mar 8, 2023 7:30am Mar 8, 2023 7:30am
Quoting BluesUntukAk
This m15 is same with brother pat h4 gold setup. TQ bang pat {image}
what's your opinion about retesting at NY today that area before going up? specially knowing that this buy recobering may be a good target for the non farm at friday
rip and tear until it's done
  • #96
  • Mar 8, 2023 7:38am Mar 8, 2023 7:38am
Quoting Pat Chiko
GOLD EDIT :. Today's suggestions for short-term gold operations propose a short-term rebound trade, with a call for further support at a later time. The primary focus for short-term trades is on a resistance level between 1823-1830, while the secondary focus is on a support level between 1805-1800. {image}{image}
GOLD

Scalp Long.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #97
  • Mar 8, 2023 7:47am Mar 8, 2023 7:47am
Quoting Pat Chiko
{quote} GOLD Scalp Long.{image}
Gone with you GOLD LONG 1813 nosl notp
  • #98
  • Mar 8, 2023 7:48am Mar 8, 2023 7:48am
Quoting Coreg2004
{quote} We (Pat and I) can't emphasize enough the importance of reading market structure in trading. Basically, our presence on FF is dedicated to this topic. Of course, the ability to read MS doesn't give you a 100% win ratio but gives you the confidence to take the trade because you will know how to handle any situation unfolding on the chart. {image} {image}
Thanks Goreg.

I completely agree with your insightful statement.
As a noob, I have gained a lot of valuable knowledge from you regarding market waves.

It's fascinating to understand that waves can either be impulsive or corrective, and they essentially represent the heartbeat of the market.
The charts reveal a rhythmic movement of impulse and correction, which is similar to the regularity of a heartbeat.

I always anticipate your posts and perspectives as they offer refreshing ideas and viewpoints on taking the next trade setup.
Your contributions have been instrumental in shaping my trading strategies, and I am grateful for that.

Thank you so much for all that you have done.

Sincerely PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #99
  • Mar 8, 2023 7:54am Mar 8, 2023 7:54am
Quoting Pat Chiko
{quote} GOLD Scalp Long.{image}
with u on it
  • #100
  • Mar 8, 2023 8:00am Mar 8, 2023 8:00am
ADP Non-Farm Employment Change (USD) released just now is a High Impact event for the Stock Market not much for Forex.

JOLTS is the one we are watching for as we got NFP on Friday it will give a snap shot wat to expect then.
In contrast to the noisy and erratic JOLTS, job openings.
Indeed are starting to sink fast.
The Fed may not need to tighten much more if this keeps up.

Keep you gun dry for JOLTS data release, as I think both must be lying, as the Fed and the BLS are telling us the jobs market is super-strong.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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