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Price Action Trading (PAT) - Amplifying Market Insights

  • #101
  • Mar 8, 2023 8:18am Mar 8, 2023 8:18am
Quoting Pat Chiko
GBP USD GU looks heavy. Further downside expected. From the current chart, Im waiting for GU to retest. Then I strike again. {image}{image}
I just got a buy signal from VAP at 1.18282
Target 1.1946 (where we saw the highest volume done for the week so far).
  • #102
  • Mar 8, 2023 8:35am Mar 8, 2023 8:35am
trying the short at 1.1840 again. quite risky, finger on the button incase it turns.

target 1.18 again
  • #103
  • Mar 8, 2023 8:41am Mar 8, 2023 8:41am
Quoting mysterio
trying the short at 1.1840 again. quite risky, finger on the button incase it turns. target 1.18 again
closed it, nevermind

kinda feel like im gambling, might be better to sit today out.
  • #104
  • Mar 8, 2023 8:42am Mar 8, 2023 8:42am
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}
Very nicely done! Great visualization to reinforce the excellent explanation.

Thank you for taking the time to explain these concepts in this particular format.
Tall tails tell tales.
  • #105
  • Edited 9:28am Mar 8, 2023 8:51am | Edited 9:28am
Quoting Pat Chiko
{quote} GOLD Scalp Long.{image}
it's skyrocking there right now, you nailed it, what make you decide to go long now instead of any retest on the down or keep going down?
rip and tear until it's done
  • #106
  • Mar 8, 2023 8:55am Mar 8, 2023 8:55am
GU h4
QM + Equal LOW + range

Attached Image (click to enlarge)
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  • #107
  • Mar 8, 2023 9:24am Mar 8, 2023 9:24am
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}
thank u very much brother got that nice TP
  • #108
  • Mar 8, 2023 9:32am Mar 8, 2023 9:32am
Quoting Pat Chiko
{quote} 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 WORLD. 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...
This trend "heartbeat" is apparent in every trend, and is why we have explosions where EVERYONE suddenly is interested in something, until it wanes off and the late comers and those waiting for it to go on sale join in.

For me this was why I got on the Wave bandwagon and love it!!!
Don't compare your trades to others. Most often the masses are the asses
  • #109
  • Mar 8, 2023 9:33am Mar 8, 2023 9:33am
Quoting Pat Chiko
{quote} GOLD Scalp Long.{image}
GOLD

How we execute and manage trades is an important aspect to consider.
Especially when analyzing charts during high-impact news data releases.

Take, for example, my previous GOLD trade where I anticipated a price halt at the JOLT data release.
To safeguard my capital, I took partial profits.

This illustrates how effective trade management can be crucial for success
Attached Image (click to enlarge)
Click to Enlarge Name: gold 008.jpg Size: 184 KB
I come from the future.
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  • #110
  • Mar 8, 2023 9:44am Mar 8, 2023 9:44am
Quoting Pat Chiko
{quote} GOLD How we execute and manage trades is an important aspect to consider. Especially when analyzing charts during high-impact news data releases. Take, for example, my previous GOLD trade where I anticipated a price halt at the JOLT data release. To safeguard my capital, I took partial profits. This illustrates how effective trade management can be crucial for success{image}

cannot thank u enough please guide me or us in the future also
  • #111
  • Mar 8, 2023 9:52am Mar 8, 2023 9:52am
UJ

Mapping
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #112
  • Mar 8, 2023 9:52am Mar 8, 2023 9:52am
Quoting Pat Chiko
{quote} GOLD How we execute and manage trades is an important aspect to consider. Especially when analyzing charts during high-impact news data releases. Take, for example, my previous GOLD trade where I anticipated a price halt at the JOLT data release. To safeguard my capital, I took partial profits. This illustrates how effective trade management can be crucial for success{image}
great trade , what else I can say , only this
  • #113
  • Mar 8, 2023 9:55am Mar 8, 2023 9:55am
Quoting muhammadkhan
{quote} thank u very much brother got that nice TP
Not everyday going to give you fish, some day you've to learn how to catch one.
The day when you start posting chart.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #114
  • Mar 8, 2023 10:17am Mar 8, 2023 10:17am
Quoting Pat Chiko
{quote} Not everyday going to give you fish, some day you've to learn how to catch one. The day when you start posting chart.
i know but my chart analysis r very simple like support and resistance SBR RBS (RT=retest which i learned here today) only so i completely s**k at mapping . the BOS choch are out of my league so please undertsand unless someone trains me saw many videos on youtube regarding trade but useless unless someone like experienced trader guide me . still in the process of learning lets just say i am a beginner in this market so i hope u understand . just started trading 6 months ago joined 2 3 paid channels but learned it the hard way so i am on my own until i joined here . please just ignore me and continue the good job that u r doing sir there r many more like me and very little like u guys experienced traders .
i am new here so i hope u understand
  • #115
  • Mar 8, 2023 10:28am Mar 8, 2023 10:28am
GU

Mapping for scalping
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #116
  • Mar 8, 2023 10:32am Mar 8, 2023 10:32am
Quoting muhammadkhan
{quote} i know but my chart analysis r very simple like support and resistance SBR RBS (RT=retest which i learned here today) only so i completely s**k at mapping . the BOS choch are out of my league so please undertsand unless someone trains me saw many videos on youtube regarding trade but useless unless someone like experienced trader guide me . still in the process of learning lets just say i am a beginner in this market so i hope u understand . just started trading 6 months ago joined 2 3 paid channels but learned it the hard way so i am on...
I don't thing it's something you can learn in a day or a week, I'm in the path of learning too but what will break it is practising and experience, and experience comes practising this may be why Pat is saying you to share your charts, I actually cannot tell but for sure all the good traders here was in beggining stage at one time
rip and tear until it's done
  • #117
  • Mar 8, 2023 10:45am Mar 8, 2023 10:45am
Quoting sisucoro
{quote} I don't thing it's something you can learn in a day or a week, I'm in the path of learning too but what will break it is practising and experience, and experience comes practising this may be why Pat is saying you to share your charts, I actually cannot tell but for sure all the good traders here was in beggining stage at one time
i know that and have gone the road of practicing and experience which was to hard mostly loss in all but till now i haven't given up the only problem is that i have a very low budget account which is not great at that moment so trying to use maximum RR , RRM. all i say is that please continue with ur work and ignore someone like me in time when i become more confident about my analysis and mapping which i am going for it in the coming time i will do share my charts even if its a complete failure . hope this clears it
  • #118
  • Mar 8, 2023 10:45am Mar 8, 2023 10:45am
Quoting Pat Chiko
GU Mapping for scalping{image}
feels good knowing that your zone and my zone is the same
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  • #119
  • Mar 8, 2023 11:18am Mar 8, 2023 11:18am
Quoting sisucoro
{quote} I don't thing it's something you can learn in a day or a week, I'm in the path of learning too but what will break it is practising and experience, and experience comes practising this may be why Pat is saying you to share your charts, I actually cannot tell but for sure all the good traders here was in beggining stage at one time
"Good judgement comes from experience, which comes from a whole lot of bad judgement." -- Will Rogers
Tall tails tell tales.
  • #120
  • Mar 8, 2023 11:29am Mar 8, 2023 11:29am
Quoting muhammadkhan
{quote} i know but my chart analysis r very simple like support and resistance SBR RBS (RT=retest which i learned here today) only so i completely s**k at mapping . the BOS choch are out of my league so please undertsand unless someone trains me saw many videos on youtube regarding trade but useless unless someone like experienced trader guide me . still in the process of learning lets just say i am a beginner in this market so i hope u understand . just started trading 6 months ago joined 2 3 paid channels but learned it the hard way so i am on...
To Muhammad Khan.

I'm here not to bully anyone. (as some people have given me that honorary that title......)
I would like to provide my honest and sincere feedback, which may be difficult to accept.
However, it is important to be able to handle constructive criticism maturely, like a responsible adult, instead of reacting emotionally like a child.
The truth is always bitter.

I will answer all the excuses you made. Get ready.........

Point 1
Did you know that I trade using support and resistance levels as my main tools?
What is your point ?. Simple system cannot make money ?.

Point 2
The BOS/CHoCH tools are incredibly straightforward, to the point that even a 10-year-old could comprehend them.
It's similar to navigating through different levels in a high-rise building and is essentially centered on identifying structural patterns.
Unless you cannot read or calculate, I don't see any reason for not understanding it.

Point 3
Individuals trade in their unique ways and with their own systems, not solely limited to you.

Point 4
It would be unfair of me to disregard individuals who are underprivileged and eager to learn.
However, it is crucial to emphasize the importance of the word "LEARN," as my role is not to teach but to demonstrate how to trade. It is ultimately up to the you to comprehend and learn the necessary skills. I cannot make you understand how to trade. You have to learn it by youself.

Point 5
Please refrain from making excuses, as individuals who continually make excuses tend to remain stagnant in their financial/educational situation.
However, with the right mindset, some underprivileged individuals can overcome their limitations and strive towards a better future. The same principle applies to you; if you make constant excuses, you will not learn and will remain in the same position five years from now.

Point 6
Allocate time to educate yourself through reading and understanding how the trading process works.
Rather than blindly copying someone else's system, find a system that aligns with your trading style.
Copying a system without thorough understanding may result in significant financial loss.
Beware of paid gurus who claim to be experts in trading; they often compile hindsight charts and showcase cherry-picked examples to deceive individuals and take your money.

Point 7
Shift your mindset from that of a disadvantaged individual to that of an aspiring trader.
For more insights, please refer to my Mindset thread.

Point 8
I urge you to refrain from using negative words such as "small," "I'm new," "little guy," or "sucks."
These phrases promote negative thinking, which can have adverse effects on your mental state.
If you aspire to become somebody, you must eliminate negative thoughts and embrace positivity to bring positive vibes into your life.

Point 9
I want to emphasize that I took the time to write this message not because I harbor hatred towards you or wish to bully you.
I was once in a similar situation to you and decided to make a change, without anyone forcing me to do so.
Now, I am advising you to do the same.
It's up to you to take action and refrain from providing excuses to justify your current situation.
Please refrain from reaching out to me with a list of excuses in the future.
I'm not going to baby sit you by listning to your excuses. and dont reply.
(Unless you have chart and analysis to share)

Sincerly

Pat CHIKO
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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