Price Action Trading (PAT) - Amplifying Market Insights

nice...

Hello everyone, after reflecting on my recent losses, I have come to the realization that I have not been treating trading as a serious business. As a result, I have wasted a lot of time and money. It's disappointing, but I am committed to changing my approach. Going forward, I will analyze charts diligently every day and approach trading with the seriousness it deserves. I don't want the 5 years I have spent learning trading to go to waste

any comment is welcomed , Let's work together to make progress

xauusd h4

conduct multi-time analysis

a mind trap - everything are well analyzed but how to take a trade
the dot line and upper yellow band were drew before price actions happened , but I didnt
take a trade following the rule


xauusd h1

hello, How can I get OldNews Data from ForexFactory for backtesting?

v10 simple scalp 7R secured

v50 trade: 12R secured

the trade idea was based on the amount of LQ left behind that had to be hunted

why have you expected price to turn at the lower FVG?

Thats my main strategy to avoid unnecessary Stop Losses in Forex as a daytrader.

Thank you for the kindness of your reply, Pat
As you are, I started learning Elliott waves, and I paid attention to your drawing of the waves, so I wondered why the fifth wave did not break the third wave so that I could learn more from you.
I have been a follower of this forum for almost two years, but I officially registered in this forum a few weeks ago, and I follow you well, and I know that you are one of those with excellent experience in technical analysis.
Again, thank you for your comment and I would like to learn from you by following your analysis and reading your opinions

Recap on Last Week.

First Citizens BancShares Inc's announcement of its acquisition of all loans and deposits of SVB and offering the Federal Deposit Insurance Corp equity rights $500 million in return was received positively by the markets.

Deutsche Bank shares rebounding.

GOLD dropping to $1,950 on Monday .

The US CCI improved slightly in March, (data published by the Conference Board on Tuesday).
Consumer inflation expectation of the survey edged higher, which help GOLD to recover a portion of Monday's losses., as USD dropping/.


The fourth-quarter Gross Domestic Product (GDP) growth down to 2.6% from the previous estimate of 2.7%, causing some concern in the markets.
Adding to the worrisome news, the US Department of Labor reported a 7,000 increase in the Initial Jobless Claims.
These negative data were compounded by a risk-positive market atmosphere that led to further weakness in the USDollah.
GOLD managed to regain and continued to perform positively despite the negative economic indicators.

The Core PCE Price Index on Friday showed it had declined to 4.6% on a yearly basis in February from 4.7% in January, a development that put pressure on the markets.
This result to 10-year US T-bond yield turned south, which helped GOLD gaianig positive for the week.

Cont/- what for newxt week ?

Next Week Looking ahead.



The upcoming ISM Manufacturing PMI from the US, which is due to be released on Monday should be interestingn.
In February, climbed to 51.3 from 44.5 in January, indicating an increase in input inflation, and investors are keen to see whether this trend will continue.

The markets are yet to determineon FED will raise its policy rate by 25 basis points (bps) in May.
If the PMI survey shows an acceleration in the manufacturing sector's input inflation, this could lead to hawkish Fed bets returning and help the USD find demand, which would likely put GOLD under bearish pressure.

ADP private sector employment report and the ISM Services PMI, .
Expectation a sharp decline in ADP Employment Change to 10K in March from 242K in February, which could have a negative impact on the USD.
A negative print could cause markets to price in a dismal March jobs report, which would likely weigh on the USD.

If decrease in the Prices Paid sub-index of ISM Services PMI could also hurt the USD, while a positive reading could boost demand for the currency. (watch this number on release date on ompact to dollar and GOLD)

US Labor Statistics' data for March, with forecast is for a decline of 8,000 in Nonfarm Payrolls (NFP).
It is important to note that any reading below 50,000 should be considered a red flag and could trigger a leg lower in the US yields and the USD, even if the NFP comes in higher than expected.

If the NFP shows an increase of 100K or higher, this could weigh on GOLD by lifting yields.
Attention and closely monitor the NFP data release for any potential impact on the currency markets.

The release of wage inflation data, as measured by the Average Hourly Earnings, which is expected to tick down to 4.5% on a yearly basis from 4.6% in February.
A bigger-than-anticipated decline in this reading could be seen as USD-negative, while an increase should have the opposite effect.

However, it is important to note that NFP is likely to be the main market driver this time around, with the potential to overshadow any impacts from the wage inflation data.

Watch on any comments from Fed officials. (they speak market move, they sneeze , market jump)
But I doubt they unlikely to try to steer the markets in a certain direction ahead of the release of the jobs report and March inflation data, any hawkish remarks could help the USD maintain its resilience against its rivals.
Any potential comments from Fed officials in the days ahead can be nasty, watch them....

Newxt weeak Calender.

GOLD

The $2,000 resistance.
Support at $1,950/.
In case GOLD locked $2,000 and form RSF (by using it as support), the next target is at $2,050.

Very important note Pat Chiko, thanks for the information.

Regards,
JereMi

GU

Scalp LONG pr e LO. to warm up the week.

DJIA Dollah Index

i will take the same with a lil bit higher target.

Alternatively we can partial TP at safer place, then let the balance to remains open to the second target.
By doing so, we suppress the greed and contained the fear.

GU

Target and reversal point set up.
This is not signal, this only my thought process on how and WHY I took the trades,

Well that's 1950 hit as you said it would ...please say it will hit 1850 by the weekend, will be your BFF if it does ...