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Price Action Trading (PAT) - Amplifying Market Insights

  • #1,041
  • May 1, 2023 10:21pm May 1, 2023 10:21pm
Quoting Pat Chiko
{quote} GJ Another BPR set up/ {image}
isn’t SIBI supposed to be BISI? Is it valid if if 2 identical IBI overlap, please correct me if I’m wrong.

thanks
  • #1,042
  • Edited May 2, 2023 4:50am May 1, 2023 10:23pm | Edited May 2, 2023 4:50am
Dear Pat,

I hope you are doing well. Please kindly let me your analysis for Gold. I saw your last long set up and I want to know the last update for today. Thanks in advance for your attention.
  • #1,043
  • Edited 10:57pm May 1, 2023 10:40pm | Edited 10:57pm
Quoting Pat Chiko
{quote} GJ End of scalping {image}
Having read all of your posts from 2021 to 2023, I have observed that your most sophisticated technique is undoubtedly "trade management" and strong mind.
  • #1,044
  • May 2, 2023 12:04am May 2, 2023 12:04am
Quoting france001
{quote} Having read all of your posts from 2021 to 2023, I have observed that your most sophisticated technique is undoubtedly "trade management" and strong mind.
That the beauty of all his posts.
His focus is more on the step that comes after N3. The journey to TP or SL or Averaging up/down.
More time in the market, does not mean you trade better!
  • #1,045
  • May 2, 2023 12:12am May 2, 2023 12:12am
Quoting Fardeen1209
{quote} That the beauty of all his posts. His focus is more on the step that comes after N3. The journey to TP or SL or Averaging up/down.
Pat also does a great job of identifying key supply and demand levels better than most. He gets it wrong from time to time but often he is right!
  • #1,046
  • May 2, 2023 12:59am May 2, 2023 12:59am
Quoting Pat Chiko
GJ Long Scalping set up waiting {image}
GJ

Taking short for correction #4

Attached Image (click to enlarge)
Click to Enlarge Name: gj 008.jpg Size: 49 KB
I come from the future.
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  • #1,047
  • May 2, 2023 1:00am May 2, 2023 1:00am
Quoting Pat Chiko
EJ Correction {image}
EJ

N3 on correction
Attached Image (click to enlarge)
Click to Enlarge Name: ej 002.jpg Size: 67 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,048
  • May 2, 2023 1:06am May 2, 2023 1:06am
Quoting Pat Chiko
{quote} You're trying to force the trade. What I've put in my previous post is something in future " yet to happen". Until I see those set up. I will go in for the trade. From what you've drawn in your chart, the pattern has yet to get into "place" for me to look for it yet. Here, the example of what I'm looking for BPR {image} {image} {image}
It's a ideal world, that entries, can be 1-2 within a week, and if you will be lucky enough, with such retest...
My observation more and more, somehow get high volume time, the price usually more polite to different levels but again be in market daily in particular time, it's complicated
  • #1,049
  • Edited 1:29am May 2, 2023 1:11am | Edited 1:29am
Hello everyone! I assume that all of us in this thread are fans of Pat and his trading strategy. Let's take this opportunity to discuss our individual interpretations of Pat's approach. Each of us may have unique insights that can either facilitate or hinder our learning of the strategy. However, some aspects of the strategy may require a deeper level of understanding that cannot be effectively conveyed through language alone. Despite studying the strategy for a considerable amount of time, some of us may still not be making profits. Hence, I encourage you to share your thoughts on the strategy so we can learn from one another and improve our chances of success.
  • #1,050
  • May 2, 2023 1:57am May 2, 2023 1:57am
Quoting Pat Chiko
{quote} GJ Taking short for correction #4 {image}
GJ

Partial TP

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,051
  • May 2, 2023 1:58am May 2, 2023 1:58am
Quoting Pat Chiko
{quote} EJ N3 on correction {image}
EJ

Partial TP

Attached Image (click to enlarge)
Click to Enlarge Name: ej 003.jpg Size: 148 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,052
  • May 2, 2023 2:17am May 2, 2023 2:17am
one position stopped out， add another
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  • #1,053
  • May 2, 2023 4:00am May 2, 2023 4:00am
Quoting france001
one position stopped out， add another {image}
anyone point out my problem in trading would be appreciated
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  • #1,054
  • May 2, 2023 4:02am May 2, 2023 4:02am
GOLD

correction #2

In 4H analysis, right now no clear view because bulls/bears are traps.
The price consolidates between the support and resistance zone for swing traders we need to wait for the price to close above this level

Attached Image (click to enlarge)
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I come from the future.
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  • #1,055
  • May 2, 2023 4:10am May 2, 2023 4:10am
Quoting maleki616
Dera Pat, I hope you are doing well. Please kindly let me your analysis for Gold. I saw your last long set up and I want to know the last update for today. Thanks in advance for your attention.
Thank you for your comment.

This thread is unique compared to others as we do not provide trade signals.
Instead, we encourage individuals to share their personal analysis and methodology.

We also welcome any comments from others who may have valuable insights to offer.
It is important to note that even I am not able to guarantee the success of my own trading signals.
I have experienced losses in the past as well.

It is crucial for individuals to take the time to learn and develop their own skills in trading, rather than relying solely on others for advice.

This will lead to a greater understanding of the market and ultimately, more successful trades.

Take care.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,056
  • May 2, 2023 4:19am May 2, 2023 4:19am
Quoting Pat Chiko
{quote} Thank you for your comment. This thread is unique compared to others as we do not provide trade signals. Instead, we encourage individuals to share their personal analysis and methodology. We also welcome any comments from others who may have valuable insights to offer. It is important to note that even I am not able to guarantee the success of my own trading signals. I have experienced losses in the past as well. It is crucial for individuals to take the time to learn and develop their own skills in trading, rather than relying solely on...
Big brother, any idea what the FOMC press conference tomorrow will be about?
More time in the market, does not mean you trade better!
  • #1,057
  • May 2, 2023 4:40am May 2, 2023 4:40am
Quoting Fardeen1209
{quote} Big brother, any idea what the FOMC press conference tomorrow will be about?

FOMC...........

Ummm. First Gonna blow my account....

Probability Hike 83.9%
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The last time the Fed raised interest rates this quickly, joblessness surged to nearly 11%, while the financial system entered the worst recession since the Great Depression. Q3 or Q4 Recession!
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Rate hike it is.
Treasury will save banks.
Government will bail them out.
If they dont, bigger banks will consolidate by buying them out.
The state of it all is rather simple, baillouts for banks and big companies, while the middle class struggles at 5+% rates. 2-worlds.
People pay for the cost and fund Zelensky. (not the government)

The Fed’s impact on the financial markets are undeniably powerful.
As the US economy sits on a precipice of recession, high interest rates, high inflation and bank bail outs - the fed…


As for me moving forward, looking at the market reaches a strong level of uncertainity right here before FOMC.
Both charts show DXY in weekly time frame, one bearish HS pattern while the other one shows a bullish retest + double bottom.

I see no reason to gamble here, reducing some positions and wait for FOMC.
In all , it is not just FOMC, there is..

Job Openings data will be used for Price fluctuation in few hours.
Wednesday FOMC in the PM session.
Thursday employment data.
NonFarm Payroll Friday

How nimble are you?


PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,058
  • May 2, 2023 4:43am May 2, 2023 4:43am
Quoting Pat Chiko
GOLD correction #2 In 4H analysis, right now no clear view because bulls/bears are traps. The price consolidates between the support and resistance zone for swing traders we need to wait for the price to close above this level {image}
GOLD

Trying some luck here with SHORT Scalp

Attached Image (click to enlarge)
Click to Enlarge Name: gold 035.jpg Size: 116 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,059
  • May 2, 2023 5:07am May 2, 2023 5:07am
Quoting Pat Chiko
{quote} FOMC........... Ummm. First Gonna blow my account.... Probability Hike 83.9%{image} The last time the Fed raised interest rates this quickly, joblessness surged to nearly 11%, while the financial system entered the worst recession since the Great Depression. Q3 or Q4 Recession!{image} Rate hike it is. Treasury will save banks. Government will bail them out. If they dont, bigger banks will consolidate by buying them out. The state of it all is rather simple, baillouts for banks and big companies, while the middle class struggles at 5+%...
Volatile for sure this week.
There is a >50% chance we might get that recession or something to break before FED cut- which explains the upward market structure.


But by law JPM is not allowed to buy a bank which accept deposit from citizens or something like that I've read about early in the morning, yet once again it is proved that rules and regulation do not apply for the rich.

The real show will start when the big banks themselves start to bleed.
More time in the market, does not mean you trade better!
  • #1,060
  • May 2, 2023 5:53am May 2, 2023 5:53am
Market mover watch list

Volatilite week!
Key events that can influence markets!
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I come from the future.
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