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Price Action Trading (PAT) - Amplifying Market Insights

  • #881
  • Apr 24, 2023 11:29am Apr 24, 2023 11:29am
Quoting sisucoro
{quote} do you draw those boxes by yourself or you use a indi for that? I draw this kind of boxes too (don't mind the renko){image}

I use an indicator for this purpose, so I know where to put the SL.
  • #882
  • Apr 24, 2023 11:53am Apr 24, 2023 11:53am
Quoting tiborf71
{quote} I use an indicator for this purpose, so I know where to put the SL.
or the TP
what indicator is it?
rip and tear until it's done
  • #883
  • Apr 24, 2023 5:21pm Apr 24, 2023 5:21pm
Quoting sisucoro
{quote} or the TP what indicator is it?

it is a simple supply and demand indicator.
  • #884
  • Apr 25, 2023 2:47am Apr 25, 2023 2:47am
Quoting Pat Chiko
{quote} GOLD Partial TP. Moved SL. Balance on open. That's all my trades today. Need only 30 mins to trade everyday. Don't look at chart for too long, stay focus for one hours, and rest. Time to sleep. Good nite. {image}

GOLD

End of scalping , closed all.

Attached Image (click to enlarge)
Click to Enlarge Name: gold 022.png Size: 42 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #885
  • Apr 25, 2023 2:48am Apr 25, 2023 2:48am
GOLD

Today's scalping trades.

Attached Image (click to enlarge)
Click to Enlarge Name: gold 023.png Size: 25 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #886
  • Apr 25, 2023 2:55am Apr 25, 2023 2:55am
Quoting Zeiferz
{quote} hi Pat, did you cut away your position last week?
Quoting Pat Chiko
GBP JPY Short @ H1 supply zone. {image}

GJ

Averaging up on position
Partial closed.
Attached Image (click to enlarge)
Click to Enlarge Name: gj 002.png Size: 46 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #887
  • Apr 25, 2023 2:59am Apr 25, 2023 2:59am
Quoting Pat Chiko
GOLD Today's scalping trades. {image}
Salam my Malaysian fellow SHRMZB , I thought you would only trade on RBS or SBR , based on your Sang real notes thread at least . Newbie here would like to learn more from you , I know you don’t owe any explanations for your trades , I would be most grateful to learn more from you for sure . Thank you so much .
Hustle in silence , live like they dream !
  • #888
  • Apr 25, 2023 3:04am Apr 25, 2023 3:04am
Quoting ForeoneX
{quote} Dear Chiko, “Don't look at chart for too long, stay focus for one hours, and rest“ please ellaborate on the above. Stay focus for one hours and rest? I didnt get so asking you. thank you
Hello.

To put it simply, I am a lazy trader.

I spend very little time analyzing charts and mainly use daily or H4 chart to make quick trades.

I only check for potential setups for a few minutes and stay for an hour or so if there are any.
If I don't find any setups, I don't bother looking at the chart and revisit it only after four to five hours later.

Why do you want me to elaborate on this ?...
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #889
  • Apr 25, 2023 3:16am Apr 25, 2023 3:16am
Quoting Pat Chiko
{quote} {quote} GJ Averaging up on position Partial closed. {image}
oh well. Guess I have a risk management problem.

this average up is around 120pips tanking before bear comes.

is it normal in your trading strategy genuinely asking.
I cut loss at the peak and then it dump. Huge loss for me.
  • #890
  • Apr 25, 2023 3:20am Apr 25, 2023 3:20am
Quoting Pat Chiko
GOLD Today's scalping trades. {image}
great trades ， great analysis
  • #891
  • Apr 25, 2023 3:42am Apr 25, 2023 3:42am
Quoting Zeiferz
{quote} oh well. Guess I have a risk management problem. this average up is around 120pips tanking before bear comes. is it normal in your trading strategy genuinely asking. I cut loss at the peak and then it dump. Huge loss for me.

I don't know what is your trading strategy.


As for me, it's illogical for a discretionary trader to choose a trend following or mean-reversion/reversal method based on their "personality."
Seems that it's like a right-handed person only taking right turns while driving.

And I believe that the best performance, can be achieved by trading signals derived from a variety of factors, rather than relying on one method.
By diversifying their returns, traders can produce better risk-adjusted results.

The analogy of driving is used to explain the importance of using a combination of intuition and data when making trading decisions.
While we rely on maps and GPS signals to guide us on long journeys, on shorter trips, we use our instincts to navigate the road.

Similarly, a skilled trader must combine their experience and intuition with forecasting models to navigate price movements in real-time.
Just as a driver benefits from a variety of sources when traveling, a trader must also use a combination of signals and tools to make informed decisions and maximize their returns.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #892
  • Apr 25, 2023 3:48am Apr 25, 2023 3:48am
Here are three important questions to ask each trading day:

Who is in the market?

What are they doing?

At what prices are they doing it?
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #893
  • Apr 25, 2023 4:00am Apr 25, 2023 4:00am
Quoting Pat Chiko
Here are three important questions to ask each trading day: Who is in the market? What are they doing? At what prices are they doing it?
big player like investment bank dominate the market.
they hunt retail traders to fill their oders.
they implement the move above at s/r and d/s area
  • #894
  • Apr 25, 2023 4:16am Apr 25, 2023 4:16am
Quoting Pat Chiko
Here are three important questions to ask each trading day: Who is in the market? What are they doing? At what prices are they doing it?
I ask myself three questions:
1) Where is price coming from?
2) Where is price going to?
3) Where are the "speed bumps" along the way that will cause pullbacks?

Also where is LQ in the market.
  • #895
  • Apr 25, 2023 4:21am Apr 25, 2023 4:21am
Quoting Pat Chiko
Here are three important questions to ask each trading day: Who is in the market? What are they doing? At what prices are they doing it?
I will be very interesed to see your answers for these questions in a particular random chart, thank you
  • #896
  • Apr 25, 2023 4:23am Apr 25, 2023 4:23am
I am also waiting for the answer
  • #897
  • Apr 25, 2023 4:41am Apr 25, 2023 4:41am
buy at ceiling
Attached Image (click to enlarge)
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  • #898
  • Apr 25, 2023 5:34am Apr 25, 2023 5:34am
GJ

Scalping LONG

Attached Image (click to enlarge)
Click to Enlarge Name: gj 003.png Size: 49 KB


Closed previous Short position with mixed result.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #899
  • Apr 25, 2023 5:39am Apr 25, 2023 5:39am
Quoting Pat Chiko
GJ Scalping LONG {image} Closed previous Short position with mixed result.
Now is the time to get short i thought? i only been online 5 minutes, so i might have missed something.
You have an IQ lower than 90 if you interact with this user.
  • #900
  • Apr 25, 2023 5:47am Apr 25, 2023 5:47am
NAS 100

Scalp LONG

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Click to Enlarge Name: nas 003.png Size: 10 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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