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Price Action Trading (PAT) - Amplifying Market Insights

  • #1,441
  • Jun 5, 2023 12:48pm Jun 5, 2023 12:48pm
Quoting Pat Chiko
{quote} S&P 500 Stopped out.... again. Will try to take revenge trade later.......................{image}
I think 4323 would be better for shorts
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  • #1,442
  • Jun 6, 2023 12:58am Jun 6, 2023 12:58am
Quoting Fardeen1209
{quote} In this industry the only thing that worked with greater chance is old stuff developed in late 1800s and/or early 1900 and is free. Anything can come with a price tag on it, it is another BS created in 2000s. Majority of todays hedge funds billionaire were once floor traders at either CME or Goldman sachs (other prestigious firms), and back in those days there were nothing to be paid instead they need to buy books and read those oldie stuff and most importantly applied them correctly. When they were once floor trader, their orders were manipulative...
Hey Bro, interesting topic brought forward.

The role of human traders is likely to change in the future.
As algorithms become more sophisticated, they may be able to do more of the work that is currently done by human traders.
However, human traders will still be needed to provide insights and adapt to changing market conditions.

The relationship between human traders and algorithms is likely to become more collaborative. Becoming like Terminator...
In the future, human traders and algorithms are likely to work together more closely to identify market opportunities and execute trades.
This collaboration will help to improve the performance of both human traders and algorithms.

As I am using AI algo for my trading not to the level of making trade decision, but merely as trade management and risk controller.
Overall, human traders and algorithmic trading are complementary tools.
Algorithms can execute trades quickly and efficiently, while human traders can provide insights and adapt to changing market conditions.
By working together, human traders and algorithms can help investors to achieve their financial goals.

Trade well and stay safe.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,443
  • Jun 6, 2023 1:16am Jun 6, 2023 1:16am
Another hypothesis intended to help understand how the markets are working.
I have been told that retail traders, who contribute less than 15%(?) of the liquidity in the market, are responsible for funding market moves.
This notion doesn't make sense to me.
Hedge funds and ETFs that come and go with much more liquidity and a greater ability to raise liquidity as well as attempt to profit from trading probably play a far greater role in moving markets and funding the moves.
Here is the kicker. The greatest source of liquidity for the FOREX market is probably from the various Central Banks. Look at the global growth in Central Bank debt! The FOREX market doesn't want governments to look at this mismanagement from attempted interference as it cuts off their income. I am not attempting to suggest that there would be no government debt without Central Bank FOREX mismanagement, I do believe that it is contributing significantly! It is also devaluing currency globally.
  • #1,444
  • Jun 6, 2023 1:21am Jun 6, 2023 1:21am
Quoting Pat Chiko
{quote} Hey Bro, interesting topic brought forward. The role of human traders is likely to change in the future. As algorithms become more sophisticated, they may be able to do more of the work that is currently done by human traders. However, human traders will still be needed to provide insights and adapt to changing market conditions. The relationship between human traders and algorithms is likely to become more collaborative. Becoming like Terminator... In the future, human traders and algorithms are likely to work together more closely...
Thanks bro,
But on the other side, removing the PA chart, and using order book only, AI can take trading decision, without human interaction.
And one of the reason why it is soo hard to day trade stocks.

Will AI replace human trading, as some people said it in such a way that there will be no longer human trading in the future?
Thats no gonna happen but using them together as you mentionned will indeed provide a good trading result. Especially on the risks side.
More time in the market, does not mean you trade better!
  • #1,445
  • Jun 6, 2023 1:36am Jun 6, 2023 1:36am
Quoting Fardeen1209
{quote} Thanks bro, But on the other side, removing the PA chart, and using order book only, AI can take trading decision, without human interaction. And one of the reason why it is soo hard to day trade stocks. Will AI replace human trading, as some people said it in such a way that there will be no longer human trading in the future? Thats no gonna happen but using them together as you mentionned will indeed provide a good trading result. Especially on the risks side.
I have been spending time looking into using an AI for trading. Several PhDs with machine learning qualifications have told me that the greatest challenge to coming up with an AI to trade is defining a simple trading model. There are simply too many complex variables to track, measure and quantify the impact on price to create a program that will be consistently profitable. As Pat says, every now and then you get lucky.
Haven't given up. I have also read anecdotal evidence suggesting that some have managed to come up with successful trading AI's but I don't see a lot of support for this notion. Also a successful trading AI would be a huge target for the market AI's and brokers to 'take down'!
  • #1,446
  • Jun 6, 2023 4:47am Jun 6, 2023 4:47am
Quoting dantpm
{quote} I have been spending time looking into using an AI for trading. Several PhDs with machine learning qualifications have told me that the greatest challenge to coming up with an AI to trade is defining a simple trading model. There are simply too many complex variables to track, measure and quantify the impact on price to create a program that will be consistently profitable. As Pat says, every now and then you get lucky. Haven't given up. I have also read anecdotal evidence suggesting that some have managed to come up with successful trading...
if that happen ， how should we survive in this market . there would not be place for retail traders in forex market

If that were to happen, how could we survive in this market? There would no longer be a place for retail traders in the forex market.
  • #1,447
  • Jun 6, 2023 6:39am Jun 6, 2023 6:39am
MY VIEW ON SPX
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  • #1,448
  • Jun 6, 2023 7:05am Jun 6, 2023 7:05am
Quoting Milan
{quote} I think 4323 would be better for shorts {image}
She acted like a women, the ore we chase , the more difficult to get.....

Well, I got to look for another girl to date then.
I will leave her alone, until she's ready to get dated.

Ohh. BTW, this is all about S&P 500, no other analogy closer to that..
I come from the future.
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  • #1,449
  • Jun 6, 2023 7:09am Jun 6, 2023 7:09am
Quoting Pat Chiko
{quote} She acted like a women, the ore we chase , the more difficult to get..... Well, I got to look for another girl to date then. I will leave her alone, until she's ready to get dated. Ohh. BTW, this is all about S&P 500, no other analogy closer to that..
So we gotta analyze S&P 500? If it goes up, will GU goes up is that what you mean?
  • #1,450
  • Jun 6, 2023 7:21am Jun 6, 2023 7:21am
Quoting jayvicious
{quote} So we gotta analyze S&P 500? If it goes up, will GU goes up is that what you mean?
Yup that what i thought in the first place risk on off concept in spx will drag gu with her.
But i think spx going up because of tech companies which has nothing to do with risk on off.
But mainly because of some undervalue tech companies?
More time in the market, does not mean you trade better!
  • #1,451
  • Jun 6, 2023 7:26am Jun 6, 2023 7:26am
Quoting Fardeen1209
{quote} Yup that what i thought in the first place risk on off concept in spx will drag gu with her. But i think spx going up because of tech companies which has nothing to do with risk on off. But mainly because of some undervalue tech companies?

Undervalued tech. companies?
  • #1,452
  • Jun 6, 2023 7:40am Jun 6, 2023 7:40am
Quoting Fardeen1209
{quote} Yup that what i thought in the first place risk on off concept in spx will drag gu with her. But i think spx going up because of tech companies which has nothing to do with risk on off. But mainly because of some undervalue tech companies?
Hey Bro, When traded GU , I use this as correlation guidance

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The best Cheat Shit we got out here.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,453
  • Jun 6, 2023 7:57am Jun 6, 2023 7:57am
Quoting dantpm
{quote} Undervalued tech. companies?
May be the guy with deep pocket saw Nvidia to be at $1.5T or $2T instead at $1T in the next 5 years
Well that some shit i made up.
Idk whether a price of share is whether overvalue or under value
More time in the market, does not mean you trade better!
  • #1,454
  • Jun 6, 2023 8:07am Jun 6, 2023 8:07am
XAUUSD
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  • #1,455
  • Jun 6, 2023 9:37am Jun 6, 2023 9:37am
Apple Vision Pro


Time to buy one and use it for trading on the move.
With this trading going to be much productive for traveller like me.

Anyone of thinking using one in near future.
Please share your review,
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,456
  • Jun 6, 2023 9:41am Jun 6, 2023 9:41am
Quoting Pat Chiko
Apple Vision Pro Time to buy one and use it for trading on the move. With this trading going to be much productive for traveller like me. Anyone of thinking using one in near future. Please share your review, {image} {image}
will stay at the movile or tablet for now
rip and tear until it's done
  • #1,457
  • Jun 6, 2023 9:58am Jun 6, 2023 9:58am
Quoting sisucoro
{quote} will stay at the movile or tablet for now
We are screwed.............
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,458
  • Jun 6, 2023 10:03am Jun 6, 2023 10:03am
Quoting Pat Chiko
{quote} We are screwed.............{image}
For only $3,500, I thought you'd have your name on the wait list already.
  • #1,459
  • Jun 6, 2023 10:18am Jun 6, 2023 10:18am
Quoting dantpm
{quote} For only $3,500, I thought you'd have your name on the wait list already.
He be like $3k ohh that about 1/2 pip
More time in the market, does not mean you trade better!
  • #1,460
  • Jun 6, 2023 10:54am Jun 6, 2023 10:54am
Pat. What’s your view on EUR/AUD. It’s diving like no tomorrow. Feel like a rate hike for sure. Going for a deeper dive tomorrow?
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