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Price Action Trading (PAT) - Amplifying Market Insights

  • #781
  • Apr 9, 2023 10:13pm Apr 9, 2023 10:13pm
Quoting Pat Chiko
GU Set up ABC {image}
GU

Until CPI
News flows are produced for the negative, but the market has other plans.
If I say up then CPI will blow away the expectation and the market will dump

Attached Image (click to enlarge)
Click to Enlarge Name: gu 136.jpg Size: 135 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gu 135.jpg Size: 130 KB
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  • #782
  • Apr 9, 2023 10:32pm Apr 9, 2023 10:32pm
There are concerns being raised about the possibility of a dollar crash and financial Armageddon for the US.
News has been provoking our intteligence to think wise and we are acting like a herds mentalality....
Just look at the NFP data last week.... What do we see.

Next is CPI numbers....

These concerns are fueled by news stories and statements from former President Donald Trump about the USD losing its status as the world's reserve currency.
There are even rumors of a conspiracy by BRICS countries to dump US treasuries.
However, these are all disinformation and fake news created for political gain, and also used by speculators to pump up Bitcoin prices.

It's important not to believe this nonsense.
While news flows are often negative, the market has its own plans.
The USD will not crash, and we need to question the fear surrounding it.
The BRICS countries are not new, and the dollar's status as the world's reserve currency is not in danger.

Just don't belive in everything you read and to follow other people signal like a herds. (that's include my set up and N3)

Attached Image (click to enlarge)
Click to Enlarge Name: Njoy.jpg Size: 28 KB
I come from the future.
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  • #783
  • Apr 9, 2023 10:43pm Apr 9, 2023 10:43pm
Calender

Economic data release for the week ahead.
After last week cooling NFP numbers, focus will be on the US inflation numbers and FOMC minutes.

For 12 months in a row now, the NFP numbers (blue) came in stronger than economists estimated (orange) , highlighting the strength of the job market.
NFP confirmed there is no crack in the labor market yet, risk off. Have a fun weekend, This week will be interesting to say the least.

It is going to be risk off.
There is no reason for the Fed to stop hiking as the labor market remains tight.

Attached Image (click to enlarge)
Click to Enlarge Name: calender 4.png Size: 35 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #784
  • Apr 9, 2023 10:45pm Apr 9, 2023 10:45pm
Quoting Pat Chiko
{quote} EU Posted the set up 21 hours ago. This is Sniper N3 and Sniper Exit......... As I've mentioned in the other thread, both GU and EU are the best pair to trade this week, as both of this respecting S&R zone and for a trader is a cake walk. {image} Anything simpler is impossible.
EU

Small time scalping only.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 018.jpg Size: 124 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #785
  • Apr 10, 2023 3:35am Apr 10, 2023 3:35am
Quoting Pat Chiko
Calender Economic data release for the week ahead. After last week cooling NFP numbers, focus will be on the US inflation numbers and FOMC minutes. For 12 months in a row now, the NFP numbers (blue) came in stronger than economists estimated (orange) , highlighting the strength of the job market. NFP confirmed there is no crack in the labor market yet, risk off. Have a fun weekend, This week will be interesting to say the least. It is going to be risk off. There is no reason for the Fed to stop hiking as the labor market remains tight. {image}
I think so, but I'm not so sure.
It is not about what you think, but what you see and your actions after!
  • #786
  • Apr 10, 2023 7:43am Apr 10, 2023 7:43am
Quoting Pat Chiko
{quote} EU Small time scalping only. {image}
EU

End scalp
Waititng for LONG

Attached Image (click to enlarge)
Click to Enlarge Name: eu 019.jpg Size: 151 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #787
  • Apr 11, 2023 12:56am Apr 11, 2023 12:56am
Quoting Pat Chiko
{quote} EU End scalp Waititng for LONG {image}
EU

Taken partial TP
Letting balance to run to target.

Attached Image (click to enlarge)
Click to Enlarge Name: eu 021.jpg Size: 198 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #788
  • Apr 11, 2023 1:01am Apr 11, 2023 1:01am
GOLD
GU
EU

having similar set up from yesterday in prep for US CPI data announcement.

As three of these are much dependence on USD strength and weakness by looking at DJIA Dollar Index,

Attached Image (click to enlarge)
Click to Enlarge Name: gold 021.jpg Size: 158 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #789
  • Apr 11, 2023 1:26am Apr 11, 2023 1:26am
What does RSF stand for?.
Happy Trading
  • #790
  • Apr 11, 2023 2:05am Apr 11, 2023 2:05am
Quoting extract
What does RSF stand for?.
Resistance to support flip
People don't plan to lose. They lose because they don't plan.
  • #791
  • Apr 11, 2023 7:23am Apr 11, 2023 7:23am
UF most likely Bullish following Break in Market Structure and retracement to Optimal trade entry Zone on Fib Retracement. I am risking 0.25% with a R:R of !:2
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  • #792
  • Apr 11, 2023 7:40am Apr 11, 2023 7:40am
GJ Short Entry Loading. Price already at overbought region of the RSI on the H4 Region, with obvious Divergent on the H4 Chart and M15 Chart.
Am Taking Profit at 50% Retracement before the Pivot Area
R:R is1:2
Any thing can happen
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  • #793
  • Apr 11, 2023 7:42am Apr 11, 2023 7:42am
Quoting Pat Chiko
{quote} EU Taken partial TP Letting balance to run to target. {image}
Your confidence in your analysis is second to none.

Thanks a lot for your trade analysis. Very inspirational
  • #794
  • Apr 11, 2023 7:53am Apr 11, 2023 7:53am
CHFJPY Short Entry Loaded. Price at Oversold region and R78 with signs of price rejection on M15
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  • #795
  • Apr 11, 2023 9:25pm Apr 11, 2023 9:25pm
Quoting Pat Chiko
GOLD GU EU having similar set up from yesterday in prep for US CPI data announcement. As three of these are much dependence on USD strength and weakness by looking at DJIA Dollar Index, {image}

GOLD

End of scalping.
Exit supply zone.
Attached Image (click to enlarge)
Click to Enlarge Name: gold 023.jpg Size: 142 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #796
  • Apr 11, 2023 11:02pm Apr 11, 2023 11:02pm
GU

CPI/FOMC set up

Attached Image (click to enlarge)
Click to Enlarge Name: gu 154.jpg Size: 130 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #797
  • Apr 12, 2023 1:28am Apr 12, 2023 1:28am
Quoting Pat Chiko
GU CPI/FOMC set up {image}
Hi and I hope you are doing well. Regarding the last GU wave counting, I think there are some contradictions with classic Elliot rules. 1. Wave #2 has less time than wave #1. 2. Wave # 4 has much less time than wave #3. 3. Line #0--#2 extension cut the wave #3. 4. Lack of Proportionality between waves #2&4.5. There is no extended wave. I think this is not an impulse, but its a corrective pattern like diametric. But, I agree with you, after near top 1.25 we can expect a fall until 1.22.
  • #798
  • Apr 12, 2023 3:44am Apr 12, 2023 3:44am
Hello,

My idea today will be range before news CPI, so on GU thinking about that range
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  • #799
  • Apr 12, 2023 7:42am Apr 12, 2023 7:42am
Quoting Pat Chiko
{quote} GOLD End of scalping. Exit supply zone.{image}
GOLD

On CPI data release.

Attached Image (click to enlarge)
Click to Enlarge Name: gold 024.jpg Size: 134 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #800
  • Apr 12, 2023 3:28pm Apr 12, 2023 3:28pm
Quoting Pat Chiko
GU CPI/FOMC set up {image}
Hi Pat!
I want to ask how you count your SL, as sometimes i see you cut losers quick and sometimes you enter at lower levels, or like today SL was below candle which make up impulse.
Thanks in advance!
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