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Price Action Trading (PAT) - Amplifying Market Insights

  • #1,061
  • Edited 8:36am May 2, 2023 8:07am | Edited 8:36am
Quoting Fardeen1209
{quote} 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.
Whose gramma is this ?.
Next time ask her to inform us too............
Be like her, she's s smart trader.......
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I come from the future.
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  • #1,062
  • May 2, 2023 8:15am May 2, 2023 8:15am
Quoting Pat Chiko
Market mover watch list Volatilite week! Key events that can influence markets! {image}
So a higher jolts number should take pressure off the FED to cut rates or stop rate hikes which imply's stronger USD.
With the higher PMI, it lends itself to a higher jolts number, not lower as forecast. Let's see.
  • #1,063
  • May 2, 2023 8:35am May 2, 2023 8:35am
Quoting dantpm
{quote} So a higher jolts number should take pressure off the FED to cut rates or stop rate hikes which imply's stronger USD. With the higher PMI, it lends itself to a higher jolts number, not lower as forecast. Let's see.
Something like, lower forecast, higer actual but lower than previous.........
That's how they want to play the numbers with,.

By Friday Unemployment rate came, it will be a lot of traders trip over all the news events and USD start to fall again.
Gradually then suddenly.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,064
  • May 2, 2023 9:10am May 2, 2023 9:10am
Quoting Pat Chiko
{quote} GOLD Trying some luck here with SHORT Scalp {image}
GOLD

Stopped Out

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,065
  • May 2, 2023 9:20am May 2, 2023 9:20am
Quoting Pat Chiko
{quote} GOLD Stopped Out {image}
Me also gold sl.
  • #1,066
  • May 2, 2023 9:35am May 2, 2023 9:35am
Quoting Pat Chiko
{quote} EJ Partial TP {image}
EJ

Partial.
One final position open
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,067
  • May 2, 2023 9:38am May 2, 2023 9:38am
Quoting Pat Chiko
{quote} GJ Partial TP {image}
GJ

Partial

End of Scalping.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,068
  • May 2, 2023 10:06am May 2, 2023 10:06am
.
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  • #1,069
  • May 2, 2023 10:20am May 2, 2023 10:20am
Based on my personal experience, I have observed that frequent monitoring of your trades can lead to significant losses, while neglecting to keep track of them can result in substantial profits.
  • #1,070
  • May 2, 2023 10:22am May 2, 2023 10:22am
Quoting Pat Chiko
{quote} GOLD Stopped Out {image}
will it retrace back?
  • #1,071
  • May 2, 2023 10:52am May 2, 2023 10:52am
Quoting Masool
{quote} will it retrace back?
The real question would be WHY price want to retrace back ?.

There is no absolute certainty in predicting reversal points, only probabilities.
Therefore, no use trying to predict the market, even reactive are sometimes bring disaster to out account.

The only way to survic=ve this game is to be proactive.
If there is good valid signal and set up , we take the trade.

Focus on the trend and locking profit... no point predicting the top or any retracement point unless you can see one.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,072
  • May 2, 2023 11:28am May 2, 2023 11:28am
Quoting Fardeen1209
{quote} Big brother, any idea what the FOMC press conference tomorrow will be about?
Revisit you question.
This time with JOLTS data presented and we can look forwards for possible senario.
The numbers are...
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Labor demand is still rapidly declining as employers plan to hire less.
The labor market continues decelerating

Of course JOLTS numbers are both ahead of Friday’s complementary, and more comprehensive,… (Unemployment Rate)

A lower number is positive for inflation as it indicates less pressure on wages and could ease pressure on the Fed to continue raising interest rates.
Wage growth should have a lower trajectory toward the end of the year, but still high relative to recent history.

Investors remained concerned over the state of the economy and news that the U.S. may hit its borrowing limit sooner than expected.
The Fed should gain some comfort from the gradual decline in this ratio, but also is likely to see this data as reaffirming the need for another rate hike tomorrow.

Markets are assigning a nearly 100% probability that the central bank on Wednesday will announce a 0.25 percentage point interest rate increase.

Going to be nice volatility tomorrow......
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,073
  • May 2, 2023 12:22pm May 2, 2023 12:22pm
Quoting Pat Chiko
{quote} GU Wait for N3 {image}
Continuwe with another example of BPR on overlapping FVG.

GU shown the clear BPR set up.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,074
  • May 2, 2023 5:32pm May 2, 2023 5:32pm
EUR NZD

NZD News
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,075
  • May 2, 2023 5:45pm May 2, 2023 5:45pm
Quoting Pat Chiko
EUR NZD NZD News {image} {image}
EUR NZD

Scalping Short on NZD Unemployment Rate Data release.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,076
  • May 2, 2023 5:58pm May 2, 2023 5:58pm
News tonight, but I like NJ short to around 84.00.
Life is too short to have anything but delusional notions about yourself.
  • #1,077
  • May 2, 2023 5:59pm May 2, 2023 5:59pm
I would appreciate it if anyone could point out any problems with my trading. The first issue I have noticed is that I don't strictly follow my trading strategy.
Additionally, I tend to engage in counter-trend trading in order to make small profits during retracements.

I marked two trades on the chart that resulted in losses, and I regret the missed opportunity. I am unsure of how to prevent being stopped out in future trades. If I set a large stop loss, it would result in a significant loss if price keep declining, but when I set a tighter stop loss, it was easily triggered. What approach should I take to manage my trades more effectively and minimize losses?

the biggest problem is that I didn't treat trading like a business.
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  • #1,078
  • May 2, 2023 6:22pm May 2, 2023 6:22pm
Quoting Pat Chiko
{quote} Revisit you question. This time with JOLTS data presented and we can look forwards for possible senario. The numbers are...{image} Labor demand is still rapidly declining as employers plan to hire less. The labor market continues decelerating Of course JOLTS numbers are both ahead of Friday’s complementary, and more comprehensive,… (Unemployment Rate) A lower number is positive for inflation as it indicates less pressure on wages and could ease pressure on the Fed to continue raising interest rates. Wage growth should have a lower trajectory...
Thanks for the insight bro. I 'm waiting for a dump of dollar due to the almost fully priced in 25bps hike.
More time in the market, does not mean you trade better!
  • #1,079
  • Edited 6:49pm May 2, 2023 6:37pm | Edited 6:49pm
Quoting france001
I would appreciate it if anyone could point out any problems with my trading. The first issue I have noticed is that I don't strictly follow my trading strategy. Additionally, I tend to engage in counter-trend trading in order to make small profits during retracements. I marked two trades on the chart that resulted in losses, and I regret the missed opportunity. I am unsure of how to prevent being stopped out in future trades. If I set a large stop loss, it would result in a significant loss if price keep declining, but when I set a tighter stop...
Hey mate, i dont usually trade gold frequently, cause majority of the time i get scr*wed, but you have couple of thing which can be done there:
#1 let the OB consume first - halfway of the OB. Problem- halfway may not achieve, if fundamental is strong enough, we get hit and run. = missed opportunity
#2 Entry right at the top of OB and SL below OB leaving 5-10 pips to avoid LQ sweep below OB
#3 Time your entry. Session high/low sweep, then price reverse and price didnt break the OB. HL still intact.
#4 know that no matter how justify or good an analysis can be, you are still bound to lose. But remember over a series of trades, you should come out with a net win. Because in business we incur expenses, and one of the expenses we get in trading is trading losses, which need to be kept small so at the end of the day, we are out with a net gain, our wins cover the losses.
#5 Ig many traders dont talk about it is not all setup comes with trading the same lot size. Some setups are A*, others are A, B, C... When A* setup appear, comfortable risk more than usual. For instance, one of the thing i risk 3-5 % is when went DXY Up but GU/EU/GOLD dont go down, that easy money within 60pips you might make 3-4 days trading profits,on 1 trade


Someone else could please add something important which i may missed
More time in the market, does not mean you trade better!
  • #1,080
  • May 2, 2023 7:20pm May 2, 2023 7:20pm
Quoting Fardeen1209
{quote} Hey mate, i dont usually trade gold frequently, cause majority of the time i get scr*wed, but you have couple of thing which can be done there: #1 let the OB consume first - halfway of the OB. Problem- halfway may not achieve, if fundamental is strong enough, we get hit and run. = missed opportunity #2 Entry right at the top of OB and SL below OB leaving 5-10 pips to avoid LQ sweep below OB #3 Time your entry. Session high/low sweep, then price reverse and price didnt break the OB. HL still intact. #4 know that no matter how justify or good...
wow, thanks for your helpful opinion on my trading , I will think about it very carefully .
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