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Price Action Trading (PAT) - Amplifying Market Insights

  • #181
  • Mar 9, 2023 8:10pm Mar 9, 2023 8:10pm
Quoting PeterCaleb
{quote} Another ignorant soul. Keep running away. Your treadmill will always outperform you. Peter
Sir, I kindly request that we put an end to this argument. It's becoming difficult for us to continue with these disagreements
Let's redirect our attention back to trading itself
  • #182
  • Mar 9, 2023 8:36pm Mar 9, 2023 8:36pm
Quoting PeterCaleb
{quote} Another ignorant soul. Keep running away. Your treadmill will always outperform you. Peter
Another expert. We are always the ignorant. They are the expert, knowledgeable, all knowing. We know nothing. We are a generation of idiots, they are a generation of enlightened and most complete individuals.

They have been trading since time immemorial hence they are the expert and the young have no clue.

Old age = wisdom

50+ years old > quants and other researchers. Age matters.

They have figured it all out, any other thing is nonsense.

Ahem, ladies and gentlemen, please put on your finest yoga pants and take a deep breath as we begin our journey into the realm of spiritual cliches. Today's lecture will be filled with enough buzzwords and trendy concepts to make even the most enlightened guru roll their eyes.

So, grab your crystal water bottles, light some incense, and get ready to be dazzled by my undeniable wisdom and enlightenment.

Just remember, if you don't feel the cosmic energy flowing through your veins by the end of this lecture, it's probably because you're not spiritually woke enough. Namaste, and all that jazz.


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The market hides a perfect geometry.
  • #183
  • Mar 9, 2023 8:47pm Mar 9, 2023 8:47pm
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The market hides a perfect geometry.
  • #184
  • Mar 9, 2023 8:54pm Mar 9, 2023 8:54pm
Quoting FulMargnAlch
{quote} Another expert. We are always the ignorant. They are the expert, knowledgeable, all knowing. We know nothing. We are a generation of idiots, they are a generation of enlightened and most complete individuals. They have been trading since time immemorial hence they are the expert and the young have no clue. Old age = wisdom 50+ years old > quants and other researchers. Age matters. They have figured it all out, any other thing is nonsense. Ahem, ladies and gentlemen, please put on your finest yoga pants and take a deep breath as we begin...
I'd say all in all, you just proved my point ..... young or old, doesn't matter, immature is immature. A lot of that "new stuff" you mentioned has nothing to do with me and what I talk about. So good luck with all that.
Real Trading is not gambling.
  • #185
  • Mar 9, 2023 8:56pm Mar 9, 2023 8:56pm
Common sense will always prevail over immaturity. Have a great day.
Real Trading is not gambling.
  • #186
  • Mar 9, 2023 9:02pm Mar 9, 2023 9:02pm
Level to watch
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Newbie here
  • #187
  • Mar 9, 2023 11:27pm Mar 9, 2023 11:27pm
Quoting PeterCaleb
To add, no not "expert" just good old common sense. Something newer generations are severely lacking in. Here's part of yesterday's trades on AUDUSD. {image} Yes I trade everyday. Peter
sir , It's not apparent to me from your chart how your strategy is more effective or efficient than other strategies ,
If your intention is to educate and inform others, you are always welcome to do so in a respectful and constructive manner. However, if your intention is to insult or degrade others, we kindly ask that you refrain from doing so and instead engage in positive and productive dialogue
  • #188
  • Mar 9, 2023 11:31pm Mar 9, 2023 11:31pm
USDJPY
The VAP reading shows that a sell is appropriate at the current price of 136.65

Target is 132.95
  • #189
  • Mar 9, 2023 11:34pm Mar 9, 2023 11:34pm
Quoting PeterCaleb
{quote} And yet again with this misrepresented and misbegotten "quote" from you. If people can't think, or worse, merely assume they CAN think, then what is the point in jumping to step 4 or 5 to describe or explain something? Still haven't learned have you. If I was wrong about this understanding , THIS site and others like it would be VERY different. Conversations would go very differently. Certain things wouldn't need to be explained. Babies need to learn to walk first before taking on Carl Lewis in a 100m sprint race competition. I'm not impressed...
Just calling something "something" does not make it so. You should know better, Peter. Explain exactly what is misrepresented and misbegotten by this Deming quote?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #190
  • Mar 9, 2023 11:39pm Mar 9, 2023 11:39pm
Quoting PeterCaleb
To add, no not "expert" just good old common sense. Something newer generations are severely lacking in. Here's part of yesterday's trades on AUDUSD. {image} Yes I trade everyday. Peter
You posted a chart without annotations or explanations. How does this help, Mate? Perhaps you could learn something from Pat Chiko by the way they present and explain. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #191
  • Mar 10, 2023 12:03am Mar 10, 2023 12:03am
trading discussion thread can be good but pity it is only for forex but not indexes as well
  • #192
  • Mar 10, 2023 12:05am Mar 10, 2023 12:05am
Quoting france001
{quote} sir , It's not apparent to me from your chart how your strategy is more effective or efficient than other strategies , If your intention is to educate and inform others, you are always welcome to do so in a respectful and constructive manner. However, if your intention is to insult or degrade others, we kindly ask that you refrain from doing so and instead engage in positive and productive dialogue


Make observations. Stop staring at a chart. Remember that a chart is the very last thing a person sees before something new happens. Try to come up with as many possible reasons WHY someone would trade that way. You WILL learn ten times faster doing this exercise everyday, than just copying someone on a website.

I think it's interesting that me apparently being rude or disrespectful is the only interpretation people see re: what is happening here. Is it possible there's more to it? Exactly the same with your trading. Is this a forum of blind following fools or people trying to learn to trade? Toughen up. The markets won't be kind to thin skinned people.

Make notes on what you can see off that trade position. Make notes for a comparison toward what you think you already know. THIS is how you learn, not by sitting round waiting for people to tell you the "commentary" and talk about apparent S& R or optimal trade entries etc etc etc.

Looking at eco news .... do you even know how it's generated ... not the info of such a thing but "it"? Is it inline with ..... what??? People chasing news events is fruitless. It is only capable (to a technician) of helping when one dismisses real life and wants to twist correlations. But these can dissolve or disintegrate systemically over time and so they are not in fact real news.

My suggestion is to start making and adding to, a list of what you consider to be "constant value". Most people are really just technicians of price. This is not the same as C value. If you don't "believe me" or "don't agree" then spend some time just watching 2 or three markets at once and make notes as you go. You need to learn what goes INTO that chart and it's NOT most of the typical things people love talking about.

I really do not enjoy "arguing" with people. It's such a silly time waster. But usually people have a tough time listening to other people, especially if there's a hint of them knowing something you don't. I am blunt with people because I'm not selling anything with a cheesy grin..I'm no salesman. So I am free to be myself. Lumps and all. So take the suggestions and do the work.


Peter
Real Trading is not gambling.
  • #193
  • Mar 10, 2023 12:12am Mar 10, 2023 12:12am
Quoting TooSlow
{quote} You posted a chart without annotations or explanations. How does this help, Mate? Perhaps you could learn something from Pat Chiko by the way they present and explain. Cheers!
Actually, that chart he posted showed a lot about one way a person can trade.

Edit: Just read his response. Still agree. Without entries and exits it would have been a worthless chart - devoid of experience.
  • #194
  • Mar 10, 2023 12:13am Mar 10, 2023 12:13am
Quoting TooSlow
{quote} Just calling something "something" does not make it so. You should know better, Peter. Explain exactly what is misrepresented and misbegotten by this Deming quote?
Simple. He said it after others have said it. Of his words, it is not original. Thus it is frequently used out of context. And so it is not the initial thought of the process in lieu of learning. Perhaps you understand that, perhaps you don't.

And as I have said, trying to explain something to someone who is not open to learning, usually creates problems. Therefore one must address step 1 before trying to engage the new learning.

Scientific principles are great when standing in a tunnel, but if you are in a forest, you'll be eaten. Catch my drift yet? It must be holistic/well rounded otherwise the extremes will eat you alive.


Peter
Real Trading is not gambling.
  • #195
  • Mar 10, 2023 12:21am Mar 10, 2023 12:21am
Quoting TooSlow
{quote} You posted a chart without annotations or explanations. How does this help, Mate? Perhaps you could learn something from Pat Chiko by the way they present and explain. Cheers!
Sorry but I'm not running a day care center. I come from the real world ..... that means NOT youtube FF etc etc etc. Conditioned "learning" is not learning. I know most people are not aware of that but hey, you've got thousands of threads and pages that prove what I am saying is true and real. All these people who "randomly and coincidentally" just happen to think much the same way and see things the same AND definitely know how to react much the same way. What does that tell you? I love people but I HATE clones. BOOOOOORING !!! Just vapid.

I can explain it just fine BUT I want to see the person do their due diligence FIRST. NOT VERY LAST.

FIRST = first person learning
VERY LAST = day care center

Peter
Real Trading is not gambling.
  • #196
  • Mar 10, 2023 12:26am Mar 10, 2023 12:26am
Quoting Pocae
trading discussion thread can be good but pity it is only for forex but not indexes as well
And that is my point .... private study, ok fine, 1 category at a time, but you people think, when people come together, you can segregate knowledge and experience from everything else. Life doesn't work that way and it's time you learn that.

All things in trading overlap on themselves.

Peter
Real Trading is not gambling.
  • #197
  • Mar 10, 2023 12:33am Mar 10, 2023 12:33am
The attacks on Mr Peter Caleb are not a wise decision.
If someone comes to you and says he has had many years of experience in a particular industry,I sincerely think we should be open minded and allow him impart us with the knowledge he has gathered over the years.

Let's think about it, trading was much more difficult during his time (information wasn't too readily available like we have in our present day) yet he was able to cope as a trader.

His manner of approach might not suit everyone but all we need to do is to be humble and allow him make us become better in the best way he feels is necessary.

Experience means a lot to me. In Africa, we respect elderly people. If we stay arrogant yet ignorant of many things, it would be our own loss.

I humbly ask that we allow Mr Peter express himself and improve us. I am not the best version of me yet and I really want to improve.

Thanks everyone!
  • #198
  • Edited 12:53am Mar 10, 2023 12:43am | Edited 12:53am
Quoting pipcenturion
The attacks on Mr Peter Caleb are not a wise decision. If someone comes to you and says he has had many years of experience in a particular industry,I sincerely think we should be open minded and allow him impart us with the knowledge he has gathered over the years. Let's think about it, trading was much more difficult during his time (information wasn't too readily available like we have in our present day) yet he was able to cope as a trader. His manner of approach might not suit everyone but all we need to do is to be humble and allow him make...
Sir, IMHO, attacks on anyone are never a sign of intelligence or a 'wise decision'. Commenting on recommendations, and offering other opinions or analysis that contradict those from another post are welcome and should be encouraged. As you put it we all want to improve and we do this by having our ideas challenged. Everyone is entitled to an opinion! All we can do is ignore those that are rude and hopefully they will go away!
IMHO Peter's chart is not easy to understand.
  • #199
  • Mar 10, 2023 2:14am Mar 10, 2023 2:14am
Quoting PeterCaleb
{quote} And that is my point .... private study, ok fine, 1 category at a time, but you people think, when people come together, you can segregate knowledge and experience from everything else. Life doesn't work that way and it's time you learn that. All things in trading overlap on themselves. Peter
Mr. CP_wannabe,

you managed to successfully hijack another thread

I think you are the most prolific threads' hijacker in FF history.

Well done!
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #200
  • Mar 10, 2023 2:18am Mar 10, 2023 2:18am
Quoting pipcenturion
The attacks on Mr Peter Caleb are not a wise decision. If someone comes to you and says he has had many years of experience in a particular industry,I sincerely think we should be open minded and allow him impart us with the knowledge he has gathered over the years. Let's think about it, trading was much more difficult during his time (information wasn't too readily available like we have in our present day) yet he was able to cope as a trader. His manner of approach might not suit everyone but all we need to do is to be humble and allow him make...
i agree completely. and it will only confirm him in what he always addresses in his excellent threads.

this sentence of his is a tidbit for me:

Most people on social media basically make the same assumption - that an assumption is just as good as the real thing. When I looked closer, I began to see the same recurring assumption and I realized, that people have stopped thinking and have begun treating assumptions and opinions as fact. Giving them the same OR greater weight than the simple obvious truth right in front of their faces.

you have to let it melt in your mouth!


as a trader, if you want to learn, you have to keep an open mind. there is no stage in this discipline where you can say "i now know enough about myself and about the markets, now i'll sit back". anyone who thinks like that will not enjoy the financial markets.
trading is like dancing, don't think and just listen to the music!
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