Attachments: Price Action Trading (PAT) - Amplifying Market Insights

Price Action Trading (PAT) - Amplifying Market Insights

#801
Apr 12, 2023 10:15pm Apr 12, 2023 10:15pm

pipcenturion
Joined May 2013 | Status: Trader | 1,683 Posts

HOW TO OBTAIN THE BEST RISK TO REWARD RATIO
(1) Mark out your area of interest
(2) Do not take the trade the first time price visits (1) above. Rather allow for a liquidity raid.
(3) Allow price to come back to (1) above.
(4) Execute when you see your entry signal.

#802
Apr 13, 2023 8:02am Apr 13, 2023 8:02am

Masool
| Joined Mar 2023 | Status: Trader | 20 Posts

hi sir,
i am a newbie here, want to learn your style of trading, kindly suggest some books.....excuse me for my english....

#803
Apr 13, 2023 7:55pm Apr 13, 2023 7:55pm

Gynaepreneur
| Joined Oct 2022 | Status: Trader | 7 Posts

Quoting Masool

Disliked

hi sir, i am a newbie here, want to learn your style of trading, kindly suggest some books.....excuse me for my english....

Ignored

You are welcome!
So much to learn here.
Many trading Gurus with different styles
So many books available for free, perhaps you need to decide what type of trader you want to be, scalper, intraday, swing

TheGynaepreneur Return Today: -11.9%

#804
Apr 13, 2023 10:43pm Apr 13, 2023 10:43pm

Masool
| Joined Mar 2023 | Status: Trader | 20 Posts

Quoting Gynaepreneur

Disliked

{quote} You are welcome! So much to learn here. Many trading Gurus with different styles So many books available for free, perhaps you need to decide what type of trader you want to be, scalper, intraday, swing

Ignored

Thanks for the reply sir, i am interested in learning scalping and intraday...

#805
Apr 14, 2023 4:29am Apr 14, 2023 4:29am

Gynaepreneur
| Joined Oct 2022 | Status: Trader | 7 Posts

Would be interested in hearing views of members for their setups for AUDUSD and NZDUSD

TheGynaepreneur Return Today: -11.9%

#806
Apr 14, 2023 7:38am Apr 14, 2023 7:38am

carbonmimeti
Joined Jun 2012 | Status: Trader | 1,452 Posts

USDCAD very strong downtrend....BUT.....
wave 5= 100% of wave 1 from wave 4
or
61.8 of wave 3 from wave 4
and 94.2% of previous uptrend

P.S. I want say thanks to Patchico for his explanations about supp and res

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#807
Edited 7:57am Apr 14, 2023 7:46am | Edited 7:57am

carbonmimeti
Joined Jun 2012 | Status: Trader | 1,452 Posts

supp for USDCAD 4H brown chart
supp by circle and angles black 1H chart

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#808
Apr 14, 2023 7:57am Apr 14, 2023 7:57am

TradeAce
| Joined Aug 2015 | Status: Trader | 2 Posts

Quoting Gynaepreneur

Disliked

Would be interested in hearing views of members for their setups for AUDUSD and NZDUSD

Ignored

In the New week, I'll be looking for SELLs on the Aussie if we get a pullback. Expecting a 50% retracement on this 4Hr Bullish Trend.

But if we hit that level before the Close of this Week, I'll revise my Plan.

Cheers

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#809
Apr 16, 2023 5:19pm Apr 16, 2023 5:19pm

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

GU

Why you need to trade Pound Dollar a lot more cautiously than most currency pairs.

If you really want to understand the way to approach the Pound Dollar out of all combinations of the 28 majors this is the one pair especially brand-new traders should generally avoid, which is the complete opposite of everything new traders were told.

This because the big banks as we all know the ones who move the market come in and intervene with this particular currency pair.
The euro dollar is the most popular pair traded in the world by far and the Pound Dollar is actually the third after Dollar Yen.
Euro dollar is open to the most manipulation out of all the currency pairs just know that the Pound Dollar is not that far behind.

United Kingdom is one of the largest currency trading countries on the planet and they typically like to trade their own home currency.
So, this is something that you will see manipulated heavily and this is not necessarily a good thing on top of that the Pound Dollar is always more volatile.

Newer traders really get caught up trading this pair sometimes because they trade it the same way they do the euro dollar.
The banks come in and manipulate price and retail traders actually take a bigger hit trading this currency then thy would something like the euro dollar.
The United States Dollar is usually the currency that makes this pair move more than the Euro or the Pound will.

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I come from the future.

Karen X Mas Bonus 2025 All Time Profit: $15,104

#810
Apr 16, 2023 5:26pm Apr 16, 2023 5:26pm

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

Quoting Pat Chiko

Disliked

GU Why you need to trade Pound Dollar a lot more cautiously than most currency pairs. If you really want to understand the way to approach the Pound Dollar out of all combinations of the 28 majors this is the one pair especially brand-new traders should generally avoid, which is the complete opposite of everything new traders were told. This because the big banks as we all know the ones who move the market come in and intervene with this particular currency pair. The euro dollar is the most popular pair traded in the world by far and the Pound Dollar...

Ignored

Recommendations :
In general, because it's a big-time currency pair and don't think most people have a real specific plan of action with it and they treat it way too much like other pairs.
We should treat it way different than all the other pairs nowadays I would pretty much group the pound dollar in there,

We need to take just as much caution with it then .
If the country is experiencing some global turmoil and every little rumor or news event or random speech that comes up has a very unpredictable outcome on what this currency does you really don't want to be in it and don't meet it very heavily.

Few things we can control and we do our best to eliminate the things we cannot and this is a perfectexample of how during times just like this we need to add an extra layer of caution to our trading so with the whole mess going forward with the Pound. The Pound Dollar is a more volatile version of the Euro Dollar.

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I come from the future.

Karen X Mas Bonus 2025 All Time Profit: $15,104

#811
Apr 16, 2023 7:25pm Apr 16, 2023 7:25pm

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

Quoting Pat Chiko

Disliked

GU Why you need to trade Pound Dollar a lot more cautiously than most currency pairs. If you really want to understand the way to approach the Pound Dollar out of all combinations of the 28 majors this is the one pair especially brand-new traders should generally avoid, which is the complete opposite of everything new traders were told. This because the big banks as we all know the ones who move the market come in and intervene with this particular currency pair. The euro dollar is the most popular pair traded in the world by far and the Pound Dollar...

Ignored