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Price Action Trading (PAT) - Amplifying Market Insights

  • #561
  • Mar 28, 2023 9:08am Mar 28, 2023 9:08am
Very slow today, it seems MM can't make up their minds.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 03.28 15M.png Size: 37 KB
Always trade your own plan...I don't provide trading signals.
  • #562
  • Mar 28, 2023 10:02am Mar 28, 2023 10:02am
Quoting dempire1
{quote} Okay i started buying gold now.
still buying gold. Might get 1977. We’ll see.
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How to succeed in zero sum game?
  • #563
  • Mar 28, 2023 12:28pm Mar 28, 2023 12:28pm
Quoting dempire1
{quote} still buying gold. Might get 1977. We’ll see. {image}
I closed my positions which I added from the dips @ 1971. London ones are still in.
How to succeed in zero sum game?
  • #564
  • Mar 28, 2023 1:04pm Mar 28, 2023 1:04pm
Quoting Pat Chiko
GOLD LONG {image}

GOLD

End of scalping part II
Target 50% fib, Supply zone, SRF
Expect pull back to B to RSF zone.

Attached Image (click to enlarge)
Click to Enlarge Name: gold 008.png Size: 59 KB
I come from the future.
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  • #565
  • Mar 28, 2023 1:13pm Mar 28, 2023 1:13pm
Quoting Pat Chiko
{quote} GOLD End of scalping part II Target 50% fib, Supply zone, SRF Expect pull back to B to RSF zone. {image}

Hi Pat
Shouldn't the fifth wave break the third wave?
Why did U draw the fifth wave shorter than the third and then U started drawing the abc waves?
Greetings to you
Look at the moon with your eyes, not with your ears from the mouths of othe
  • #566
  • Mar 28, 2023 1:33pm Mar 28, 2023 1:33pm
Quoting Pat Chiko
{quote} GOLD End of scalping part II Target 50% fib, Supply zone, SRF Expect pull back to B to RSF zone. {image}
thank you!
You have an IQ lower than 90 if you interact with this user.
  • #567
  • Mar 28, 2023 2:17pm Mar 28, 2023 2:17pm
Quoting dempire1
{quote} I closed my positions which I added from the dips @ 1971. London ones are still in.
closed all.
How to succeed in zero sum game?
  • #568
  • Mar 28, 2023 9:45pm Mar 28, 2023 9:45pm
Quoting MadMoon
{quote} Hi Pat Shouldn't the fifth wave break the third wave? Why did U draw the fifth wave shorter than the third and then U started drawing the abc waves? Greetings to you
Third wave is always the longest and the strongest...
Its all about Timing!!!
  • #569
  • Mar 29, 2023 12:46am Mar 29, 2023 12:46am
Good analysis
  • #570
  • Mar 29, 2023 2:54am Mar 29, 2023 2:54am
Quoting Murugesh29
{quote} Third wave is always the longest and the strongest...
Quoting MadMoon
{quote} Hi Pat Shouldn't the fifth wave break the third wave? Why did U draw the fifth wave shorter than the third and then U started drawing the abc waves? Greetings to you
Thank you, everyone, for sharing your comments and views.
I appreciate the opportunity to learn from you all.
As a learner of Elliot Wave systems, I believe that posting wave analysis is an excellent way to improve my trading skills.
It helps me to identify any mistakes or areas that need improvement, and I welcome any constructive feedback from experts in the field.

BTW , currently, I only use S&R for my trading analysis.


With the help of Coreg, (very experienced trader in this forum), I have been able to pick up some basic understanding of Elliot Waves.
However, I still have a lot to learn, and I am eager to expand my knowledge further.
I would be grateful if any of you could share your analysis in this forum to help me learn more about Elliot Waves.

I believe that this forum is an excellent platform for us to learn and exchange ideas with one another.
As a newbie in forex, I recognize the importance of learning from experienced traders like you.
Your insights and expertise can help me and many others to understand the market better and trade more proficiently.

Moreover, I believe that this forum can help us to create a community of traders who can support and learn from one another.
By sharing our experiences, we can learn from each other's successes and failures and develop new strategies that can help us to trade more profitably.

In conclusion, I believe that this forum has the potential to be a valuable resource for all of us.

Once again, thank you for your comments and support. I look forward to continuing to learn from all of you.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #571
  • Mar 29, 2023 3:09am Mar 29, 2023 3:09am
Quoting Pat Chiko
{quote} {quote} Thank you, everyone, for sharing your comments and views. I appreciate the opportunity to learn from you all. As a learner of Elliot Wave systems, I believe that posting wave analysis is an excellent way to improve my trading skills. It helps me to identify any mistakes or areas that need improvement, and I welcome any constructive feedback from experts in the field. BTW , currently, I only use S&R for my trading analysis. With the help of Coreg, (very experienced trader in this forum), I have been able to pick up some basic understanding...

Doubt:How come a New bie has high impact red colour on side of his name
Its all about Timing!!!
  • #572
  • Mar 29, 2023 3:15am Mar 29, 2023 3:15am
GOLD

Scalping LONG
H4 demand zone.

Maybe got luck....

Attached Image (click to enlarge)
Click to Enlarge Name: gold 009.png Size: 31 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #573
  • Mar 29, 2023 3:17am Mar 29, 2023 3:17am
Quoting Murugesh29
{quote} Doubt:How come a New bie has high impact red colour on side of his name
I've file an error report to FF Admin, that the red diamond beside my name was some system error.
They are looking at it and hope to take it out as soonest to avoid embarrassment.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #574
  • Mar 29, 2023 3:25am Mar 29, 2023 3:25am
Quoting Pat Chiko
{quote} I've file an error report to FF Admin, that the red diamond beside my name was some system error. They are looking at it and hope to take it out as soonest to avoid embarrassment.
Pat please!!! I have already belly pain
People don't plan to lose. They lose because they don't plan.
  • #575
  • Mar 29, 2023 3:46am Mar 29, 2023 3:46am
US Dollar Index

Making retest at higher zone.
I use, The dollar index tracks the relative value of the U.S. dollar against a basket of important world currencies.
Most others use DXY to guege USD strenth.
If the index is rising, it means that the dollar is strengthening against the basket - and vice-versa.

Attached Image (click to enlarge)
Click to Enlarge Name: US Dollar.png Size: 48 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #576
  • Mar 29, 2023 3:49am Mar 29, 2023 3:49am
Quoting ScalaFX
{quote} Pat please!!! I have already belly pain
You're the reason for me to open up additional account.
As my oroginal account was ignored by you, then the only option I've to open another one in FF.....
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Click to Enlarge Name: pat ignores.png Size: 7 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #577
  • Mar 29, 2023 3:54am Mar 29, 2023 3:54am
Quoting Pat Chiko
{quote} I've file an error report to FF Admin, that the red diamond beside my name was some system error. They are looking at it and hope to take it out as soonest to avoid embarrassment.
I have red flag too
  • #578
  • Mar 29, 2023 3:58am Mar 29, 2023 3:58am
Quoting Pat Chiko
{quote} You're the reason for me to open up additional account. As my oroginal account was ignored by you, then the only option I've to open another one in FF..... {image}
Hahaha
People don't plan to lose. They lose because they don't plan.
  • #579
  • Mar 29, 2023 4:20am Mar 29, 2023 4:20am
Hello every trader.

I got newbie questiion here.
If anyone can help me with this on how to choose a good pair or instrument to trade on day trading.

When it comes to day trading, choosing the right currency pair or instrument is crucial to your success.
While it is true that GBP/USD and EUR/USD are among the most actively traded pairs, this does not necessarily mean that they are the best for day trading .
In fact, lately I've been trading GOLD/SILVER, Indexes and some YEN crosses offer more favorable setups and trends that can result in better trades.


Back to my question, choosing the right pair or instrument, do we need to consider factors such as volatility, liquidity, and market trends.
I'm sure Volatility is important as it indicates how much a currency pair or instrument is likely to fluctuate in price.

Same as Liquidity is also important as it affects how quickly you can enter and exit trades.
Finally, market trends are important as they can give you an idea of where prices are likely to move in the short term.
Looking at GU/EU, the are going round and round.

But I always keep an open mind and consider different pairs or instruments when day trading.
While GBP/USD and EUR/USD may be popular, there are many other options out there that may offer better trading opportunities .

Please let me hear you on how to choose those pair or instrument to trade.

Thank you

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #580
  • Mar 29, 2023 4:28am Mar 29, 2023 4:28am
The Dragon you can observe some time this beautiful volatility
P.s. this pair is GJ
People don't plan to lose. They lose because they don't plan.
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