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Price Action Trading (PAT) - Amplifying Market Insights

  • #1,501
  • Jun 10, 2023 9:50am Jun 10, 2023 9:50am
GOLD

Trading GOLD is not for the faint of heart.
The price variance that attracts many to the market in the hopes of riches has driven many to poverty.

The spike is a fairly common pattern in GOLD/SILVER but it doesn't suit everyone.
Before you can trade this pattern, you need to decide what type of trader you are - risky or consistent.

If you are willing to do anything for high profits, then spike is a great trading opportunity for you.
If you are still a beginner or prefer moderate risks, then you should give preference to major pairs like GU or EU.

To minisimise damage to the capital, learn to take partial TP.

The spike in gold is LQ Sweep for H4 FVG zone .
Same apply to the spike below, as both retail buyer/seller taken out in one big move.
Attached Image (click to enlarge)
Click to Enlarge Name: gold 014.jpg Size: 215 KB
I come from the future.
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  • #1,502
  • Jun 10, 2023 9:51am Jun 10, 2023 9:51am
GOLD

Projection based on current set up
Two case sturdy. Just watch the price react to those zone.
Attached Image (click to enlarge)
Click to Enlarge Name: gold 015.jpg Size: 145 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gold 016.jpg Size: 137 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,503
  • Jun 12, 2023 12:06am Jun 12, 2023 12:06am
Quoting Pat Chiko
GU Projection to LQ High probability set up BO/RT trades to H4 OB{image} Even if you don´t trade with fundamentals you should know when volatility comes in.. prepare every day with an economic calendars. Edit : here's the calender{image} See your economic calendar. It is a minefield. Act accordingly. The swaps markets currently pricing in the BoE will increase rates in the UK up to 5.50%, 100 basis points (bps) higher than current levels. Trade Well
Buckle up !


A big week for the global economy and markets with two major central bank policy meetings and lots of data.

Among the things to look for:
Tuesday's release of US CPI #inflation and small business sentiment;
The Fed policy announcement on Wednesday;
Thursday's EC policy meeting; and
US Retail Sales the day before.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,504
  • Jun 12, 2023 12:11am Jun 12, 2023 12:11am
Quoting Pat Chiko
GOLD Projection based on current set up Two case sturdy. Just watch the price react to those zone. {image} {image}

GOLD

CPI up, fed fund’s rate up, gold down
Attached Image (click to enlarge)
Click to Enlarge Name: gold 017.jpg Size: 143 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,505
  • Jun 12, 2023 12:27am Jun 12, 2023 12:27am
Quoting fontu
{quote} Take care 0ver 2546 can be enough correction to have next leg down. {image}
GU

the 254 can play at LO as it was formerly, the RSF zine with BO/RT .
I'm looking at price may cover the FVG zone, prior to incoming week major news
Attached Image (click to enlarge)
Click to Enlarge Name: gu 064.jpg Size: 157 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,506
  • Jun 12, 2023 12:38am Jun 12, 2023 12:38am
Quoting Pat Chiko
{quote} GOLD CPI up, fed fund’s rate up, gold down{image}
Hey Chiko,

But why you think Fed will increase rate, CPI forcast is lower?
Thanks
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  • #1,507
  • Jun 12, 2023 12:46am Jun 12, 2023 12:46am
Quoting Pat Chiko
{quote} GU the 254 can play at LO as it was formerly, the RSF zine with BO/RT . I'm looking at price may cover the FVG zone, prior to incoming week major news{image}
Cpi trending down.
Market priced in ~70% no hike this FOMC
If cpi = consensus expectation ( FED Cleveland 4.13% inflationNow)
Market might fully priced in the pause.

However, cpi might be below last month actual but greater than this month expectation (something about 4.2-4.3%)
This may trigger another 25bps hike for the last time

At 4.1-4.3% CPI will be less than PCE(4.4%), they say PCE > CPI in time of recession, is that true bro?
More time in the market, does not mean you trade better!
  • #1,508
  • Jun 12, 2023 1:03am Jun 12, 2023 1:03am
To me I dont think gu will have much to do in a short time because Gu has done more than it should do last week so gu will wait for other pears to meet up check eu
  • #1,509
  • Jun 12, 2023 4:27am Jun 12, 2023 4:27am
Quoting Fardeen1209
{quote} Cpi trending down. Market priced in ~70% no hike this FOMC If cpi = consensus expectation ( FED Cleveland 4.13% inflationNow) Market might fully priced in the pause. However, cpi might be below last month actual but greater than this month expectation (something about 4.2-4.3%) This may trigger another 25bps hike for the last time At 4.1-4.3% CPI will be less than PCE(4.4%), they say PCE > CPI in time of recession, is that true bro?
Hey Bro,

I agree with your view that CPI likely to drop to 4.1%E YoY in May 2023 and likely 3.5%E YoY in June vs 9.1% peak June 2022

But, we have to look beyond horizon and data, such as,

Fed may not pause int rate hikes in June and begin cutting int rates later this year.
They would rather still go for 0.25%

Regional bank deposit and debt ceiling crises averted

Russia/Ukraine war has not escalated; not seen as major risk. It's money laundering scheme by US politician for the kick back thru weapon manufacturer.

Treasury issuance is heating up, with a whopping $296B of US debt on auction.

Thus,
Expect a hawkish skip this week.
FOMC participants will be providing their summary of economic projections.

Headline will go back up after June because of energy.
Core still very high.
Meat prices advanced and both rents are not coming down.
Any number is 15-20% more than it was 3 years ago.
No price stability.

Just my newbie view.
I come from the future.
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  • #1,510
  • Jun 12, 2023 5:40am Jun 12, 2023 5:40am
Nothing interesting today. So far CHF and USD down, AUD, EUR and NZD up. Looking for levels to counter trend?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHF 2023-06-12 133212.png Size: 59 KB
  • #1,511
  • Jun 12, 2023 6:03am Jun 12, 2023 6:03am
Quoting Pat Chiko
{quote} GU the 254 can play at LO as it was formerly, the RSF zine with BO/RT . I'm looking at price may cover the FVG zone, prior to incoming week major news{image}
GU

Daily FVG filled.
Price is going for H4 FVG and H1 OB
Attached Image (click to enlarge)
Click to Enlarge Name: gu 066.jpg Size: 155 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,512
  • Jun 12, 2023 6:47am Jun 12, 2023 6:47am
GBP raid on Monday


GBP AUD
Attached Image (click to enlarge)
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GBP NZD
Attached Image (click to enlarge)
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GBP CAD
Attached Image (click to enlarge)
Click to Enlarge Name: g Cad 008.jpg Size: 114 KB


GBP JPY
Attached Image (click to enlarge)
Click to Enlarge Name: gj 009.jpg Size: 80 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,513
  • Jun 12, 2023 7:15am Jun 12, 2023 7:15am
EA




Setup LONG
Attached Image (click to enlarge)
Click to Enlarge Name: ea 012.jpg Size: 129 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,514
  • Jun 12, 2023 7:27am Jun 12, 2023 7:27am
post more of this it really helping me to learn and fvg God bless you
  • #1,515
  • Jun 12, 2023 8:41am Jun 12, 2023 8:41am
Quoting Pat Chiko
{quote} GOLD CPI up, fed fund’s rate up, gold down{image}

GOLD

Scalping position.
Apporoaching BPR
Attached Image (click to enlarge)
Click to Enlarge Name: gold 018.jpg Size: 146 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,516
  • Jun 12, 2023 9:05am Jun 12, 2023 9:05am
Quoting Pat Chiko
{quote} GOLD Scalping position. Apporoaching BPR{image}

GOLD

Docking to BPR zone.
Attached Image (click to enlarge)
Click to Enlarge Name: gold 019.jpg Size: 196 KB


Need the money to buy this piece to cook dinner.
Attached Image (click to enlarge)
Click to Enlarge Name: florida girl.jpg Size: 20 KB


Remind mw to one girl from Florida, I like her, but rejected me for a date....
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,517
  • Jun 12, 2023 10:33am Jun 12, 2023 10:33am
Quoting Pat Chiko
{quote} GOLD Docking to BPR zone. {image} Need the money to buy this piece to cook dinner.{image} Remind mw to one girl from Florida, I like her, but rejected me for a date....
Hey PAT,
thanks for sharing your analyses, I’ve been trading with you today and no regrets! Keep up showing your analysis/trades you are both teaching and inspiring others.
As for tomorrow what’s your look on these positions? I’ve been thinking on closing all today and start fresh ones tomorrow?
thanks for your time,

Olisah
  • #1,518
  • Jun 12, 2023 3:16pm Jun 12, 2023 3:16pm
Quoting olisah
{quote} Hey PAT, thanks for sharing your analyses, I’ve been trading with you today and no regrets! Keep up showing your analysis/trades you are both teaching and inspiring others. As for tomorrow what’s your look on these positions? I’ve been thinking on closing all today and start fresh ones tomorrow? thanks for your time, Olisah
Wrong way to learn on how to trade.

I'm not an expert here and I'm not giving any fish.
You've to put your analysis, chart , every day continuously to improve your trading.

Hoping me to do it for you is the lazy way to learn.
Time for you to wake up and do the hard work at least next TWO years.

After that you'll see the result.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,519
  • Jun 12, 2023 3:20pm Jun 12, 2023 3:20pm
Quoting Enagy
post more of this it really helping me to learn and fvg God bless you
LOL.....

You go to school, and ask the teacher to do the home work for you.
And ask the teacher to do MORE.
Make some effort man to be successful in trading.

Please, if you 're serious to make money in trading, you need the reset your mind set and do some heavy lifting.

You need only two year hard work to understnd trading , by year three, you'll be trading flawlessly even without any marking on the chart.

You will se chart pattern and set up from kilometer away
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,520
  • Jun 12, 2023 3:21pm Jun 12, 2023 3:21pm
Quoting Pat Chiko
{quote} GU Daily FVG filled. Price is going for H4 FVG and H1 OB{image}
has this gap been filled yet? Inever heard of these gaps before, when do i use the,? And from what time frames?
You have an IQ lower than 90 if you interact with this user.
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