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Price Action Trading (PAT) - Amplifying Market Insights

  • #281
  • Mar 16, 2023 9:54am Mar 16, 2023 9:54am
Quoting Coreg2004
{quote} 19monza64, this chart I understand, but Renko is Enigma to me...
It's exactly the same thing. Perhaps in the renko chart you see the repeating patterns better. But both simply indicate the price and patterns are patterns
Look at this RBS long +52 pips. But I am a stupid. Instead to close half I close all!!.

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  • #282
  • Mar 16, 2023 10:24am Mar 16, 2023 10:24am
Quoting 19monza64
{quote} It's exactly the same thing. Perhaps in the renko chart you see the repeating patterns better. But both simply indicate the price and patterns are patterns Look at this RBS long +52 pips. But I am a stupid. Instead to close half I close all!!. {image}
19monza64, we never know in advance what's going to happen. We make a decision and live with it. Adjustment is very often necessary especially when we trade on smaller time frames. If we traded in hindsight most likely we would be perfect
The first supply zone didn't hold, now GU is in the zone that coincides with the second supply zone. Will this zone hold? I don't know.
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Always trade your own plan...I don't provide trading signals.
  • #283
  • Edited 10:46am Mar 16, 2023 10:32am | Edited 10:46am
tomorrow expecting a bull run on GU to the liquidity residing above Tuesday's CPI high

bearish on the dollar given a)reaction from h4 supply and b)1 year treasuries pricing in rate cuts

will update in the morning but from this position looking at 1.2050 as potential entry. if the entry hits this evening so be it will enter then. will update when its entry time. the only wildcard is we could breach the double bottom into the h1 demand around 1.1975 but i think it's less likely.

substantial buy breakout limits identified at 1.2235 on bookmap as take profit

as a kicker we can sell from 1.2125 round number down to buy level
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  • #284
  • Mar 16, 2023 11:10am Mar 16, 2023 11:10am
GU

The upcoming week is significant for cable traders, as both the FOMC rate decision on March 22 and the Bank of England's next policy meeting on March 23 are scheduled.
Presently, market speculations on the course of action that each central bank will take vary and are continually evolving.

Therefore, the only certain thing that can be predicted for next week is that there will be more instability.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #285
  • Mar 16, 2023 11:15am Mar 16, 2023 11:15am
Quoting Pat Chiko
GU The upcoming week is significant for cable traders, as both the FOMC rate decision on March 22 and the Bank of England's next policy meeting on March 23 are scheduled. Presently, market speculations on the course of action that each central bank will take vary and are continually evolving. Therefore, the only certain thing that can be predicted for next week is that there will be more instability. {image} {image}

GU

Midnight scalper.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #286
  • Mar 16, 2023 11:18am Mar 16, 2023 11:18am
Quoting Pat Chiko
GU The upcoming week is significant for cable traders, as both the FOMC rate decision on March 22 and the Bank of England's next policy meeting on March 23 are scheduled. Presently, market speculations on the course of action that each central bank will take vary and are continually evolving. Therefore, the only certain thing that can be predicted for next week is that there will be more instability. {image} {image}
Pat, how was it in Acapulco?
Always trade your own plan...I don't provide trading signals.
  • #287
  • Mar 16, 2023 11:37am Mar 16, 2023 11:37am
Understanding of market structure and the ability to identify and adapt to changes

Before making any trade decision, one should understand what type of market we are in now, and in what phase.
In ranging mood until next week.
It is also essential to note that traders should not trade the same strategy in a different type of market.

For instance, a ranging market requires a different approach than a trending market.
Hence traders should be flexible and adaptable to change their trading strategies according to the current market structure.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #288
  • Mar 16, 2023 11:38am Mar 16, 2023 11:38am
The afternoon update on trigger TF...
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Always trade your own plan...I don't provide trading signals.
  • #289
  • Mar 16, 2023 11:41am Mar 16, 2023 11:41am
Quoting Coreg2004
{quote} Pat, how was it in Acapulco?
Hey man..... good.
you've been spying on me Bro ?.....

Luckly ,i didn't bump into Karen during my break.........
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #290
  • Mar 16, 2023 11:48am Mar 16, 2023 11:48am
All GBP pair analyse include SR levels

14.12.2022 close is key. above it gbp should be very bullish. in this case gu 1,24 is very important

farest away that level currency is GJ

so gj is more room

if gbp break resistence it works like this for me

clear setup is eurgbp and gbpjpy. that result ej 141.11

so if ej is above 141.11 prefer gj (not eg) follow PA of gj

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  • #291
  • Mar 16, 2023 11:55am Mar 16, 2023 11:55am
Quoting Pat Chiko
{quote} Hey man..... good. you've been spying on me Bro ?..... Luckly ,i didn't bump into Karen during my break.........
Pat, thank you for showing up in the office...finally.
Always trade your own plan...I don't provide trading signals.
  • #292
  • Mar 16, 2023 12:02pm Mar 16, 2023 12:02pm
Quoting Coreg2004
{quote} Pat, thank you for showing up in the office...finally.
Feel a bit rusty, need to pick up the speed.

What I'm seeing is many have a tendency to become fixated on non-trending markets.
With current complex market structure, it is the ups and downs of a ranging market can be challenging to navigate, and we should avoid being caught up in the monotony of these market conditions.

Most of the time we fail to recognize the potential for a shift in market structure can lead to missed opportunities for profitable trades.

In contrast, trending markets offer traders the chance to capitalize on fast and directional price movements that often exceed expectations.
Despite this, I may hesitate to enter a trending market, as they may be uncertain about how long the trend will last.

To avoid missing out on profitable trades, we should keep an eye out for any signs of a shift in market structure, which may indicate a change from non-trending to trending market conditions. This is the most tricky part....

Overall, we should be adaptable and open to changing the trading strategies when market conditions shift from non-trending to trending or vice versa.
Keeping an eye on market structure and using technical analysis can help traders identify profitable trading opportunities and avoid missing out on significant price movements.

This ranging going to drag until nest week....FOMC & BoE meet.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #293
  • Mar 16, 2023 1:13pm Mar 16, 2023 1:13pm
Quoting Pat Chiko
Understanding of market structure and the ability to identify and adapt to changes Before making any trade decision, one should understand what type of market we are in now, and in what phase. In ranging mood until next week. It is also essential to note that traders should not trade the same strategy in a different type of market. For instance, a ranging market requires a different approach than a trending market. Hence traders should be flexible and adaptable to change their trading strategies according to the current market structure.
glad to see you again
rip and tear until it's done
  • #294
  • Mar 16, 2023 2:24pm Mar 16, 2023 2:24pm
Quoting mysterio
tomorrow expecting a bull run on GU to the liquidity residing above Tuesday's CPI high bearish on the dollar given a)reaction from h4 supply and b)1 year treasuries pricing in rate cuts will update in the morning but from this position looking at 1.2050 as potential entry. if the entry hits this evening so be it will enter then. will update when its entry time. the only wildcard is we could breach the double bottom into the h1 demand around 1.1975 but i think it's less likely. substantial buy breakout limits identified at 1.2235 on bookmap as take...
have a sell limit set 1.2134 for this.
  • #295
  • Mar 16, 2023 6:45pm Mar 16, 2023 6:45pm
Quoting DerTrader
{quote} Hi Coreg, today there's 2 major news - GBP Claimant Count Change & US CPI. Looking at the Daily, I think price is likely to first test 1.2125 and next yesterday's low of 1.205. I'll be watching what happens around yesterday's low to get an indication of where price is headed next. {image} Looking at H4, I spikeys from news can test 1.20 - likely my levels of SL if i enter long positions today. Highly likely not trading US session today as I'm always caught by surprise by CPI price action. Maybe I'll stay sideline and take notes on what happens...
Price reached intended target of 1.205 but fail to breach 1.20 & yesterday's daily close is bullish. My target price for today is 1.22 to complete weekly candle target. This will only happen if price breaches 1.215 today. Happy weekend.


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  • #296
  • Mar 17, 2023 12:18am Mar 17, 2023 12:18am
Quoting mysterio
{quote} have a sell limit set 1.2134 for this.
well maybe entering positions while sleeping isn't a great idea, stop is sitting at 1.2154
still an outside chance of a retest of the weekly poc before any rocket so revised target 1.2076
  • #297
  • Mar 17, 2023 12:37am Mar 17, 2023 12:37am
stopped

think this is lqg but will just wait for longs in the zone 1.2076-78 if it occurs. first post on fun factory a dud hope to redeem myself on round two. a long from that level has full ADR potential
  • #298
  • Mar 17, 2023 1:59am Mar 17, 2023 1:59am
Quoting Pat Chiko
{quote} GU Midnight scalper. {image}

GU

Late night scalper was stopped out in my dream.

BTW. Looking forward for this set up today and next week.
Need to switch to LTF to find sweetspot N3.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #299
  • Mar 17, 2023 2:06am Mar 17, 2023 2:06am
Quoting Pat Chiko
{quote} GU Late night scalper was stopped out in my dream. BTW. Looking forward for this set up today and next week. Need to switch to LTF to find sweetspot N3. {image} {image}
no chance to go down bro.?
  • #300
  • Mar 17, 2023 2:08am Mar 17, 2023 2:08am
Quoting Pat Chiko
{quote} GU Late night scalper was stopped out in my dream. BTW. Looking forward for this set up today and next week. Need to switch to LTF to find sweetspot N3. {image} {image}
GU

Waiting for LO PB/RT
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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