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Price Action Trading (PAT) - Amplifying Market Insights

  • #1,981
  • Nov 27, 2023 11:49am Nov 27, 2023 11:49am
Quoting JereMi256
{quote} QM set up. {image}
Show me the money Could you draw QM pls?...
  • #1,982
  • Nov 27, 2023 11:58am Nov 27, 2023 11:58am
Quoting DmShka
{quote} Show me the money Could you draw QM pls?...
Friday's high broken, QM=OB
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Face 'ur fears & tame 'ur greed
  • #1,983
  • Nov 27, 2023 12:06pm Nov 27, 2023 12:06pm
Quoting JereMi256
{quote} Friday's high broken, QM=OB {image}
Sorry, cannot see QM, maybe OB, but again it tested already, but I wanna shorting higher definitely, as I told above will be great to see one leg a little bit higher actually to current R2 pivot area...
  • #1,984
  • Nov 27, 2023 12:20pm Nov 27, 2023 12:20pm
Quoting DmShka
{quote} Sorry, cannot see QM, maybe OB, but again it tested already, but I wanna shorting higher definitely, as I told above will be great to see one leg a little bit higher actually to current R2 pivot area...
I consider it a QM because there was manipulation during Asian session. Notice the false break of Friday equal lows.

If daily closes above Friday's high, there is potential of a new high.
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Face 'ur fears & tame 'ur greed
  • #1,985
  • Nov 27, 2023 12:26pm Nov 27, 2023 12:26pm
Quoting JereMi256
{quote} I consider it a QM because there was manipulation during Asian session. Notice the false break of Friday equal lows. If daily closes above Friday's high, there is potential of a new high. {image}
Ok, I understand what you mean now... GL with QM
  • #1,986
  • Nov 27, 2023 12:28pm Nov 27, 2023 12:28pm
Quoting DmShka
{quote} Sorry, cannot see QM, maybe OB, but again it tested already, but I wanna shorting higher definitely, as I told above will be great to see one leg a little bit higher actually to current R2 pivot area...
The first test happened before 4H break of Friday's high. This test is what counts for me. If it fails, bears chip in.
Face 'ur fears & tame 'ur greed
  • #1,987
  • Nov 27, 2023 12:31pm Nov 27, 2023 12:31pm
Quoting JereMi256
{quote} The first test happened before 4H break of Friday's high. This test is what counts for me. If it fails, bears chip in.
For me just need something obvious, something like that as example.
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  • #1,988
  • Nov 27, 2023 12:34pm Nov 27, 2023 12:34pm
Quoting DmShka
{quote} For me just need something obvious, something like that as example. {image}
GU doesn't give the obvious these days. You have to suffer
Face 'ur fears & tame 'ur greed
  • #1,989
  • Nov 27, 2023 1:26pm Nov 27, 2023 1:26pm
Quoting JereMi256
{quote} GU doesn't give the obvious these days. You have to suffer
Right. But I have to say this today was the easiest day, so predictable.
  • #1,990
  • Nov 27, 2023 1:28pm Nov 27, 2023 1:28pm
Closed 1 position.
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  • #1,991
  • Nov 27, 2023 1:32pm Nov 27, 2023 1:32pm
Quoting DmShka
{quote} Sorry, cannot see QM, maybe OB, but again it tested already, but I wanna shorting higher definitely, as I told above will be great to see one leg a little bit higher actually to current R2 pivot area...
Attached File(s)
File Type: pdf Qm master (5) (2).pdf   3.6 MB | 2,609 downloads
  • #1,992
  • Nov 27, 2023 1:33pm Nov 27, 2023 1:33pm
Quoting LoneTrader1
{image}
Closed 50% position at 1.0948.
  • #1,993
  • Nov 27, 2023 1:35pm Nov 27, 2023 1:35pm
Quoting LoneTrader1
{quote} Right. But I have to say this today was the easiest day, so predictable.
I can't say the same. I had abit of struggle but looks like it is going to close in my favour (above Friday's high)
Face 'ur fears & tame 'ur greed
  • #1,994
  • Nov 27, 2023 2:20pm Nov 27, 2023 2:20pm
Quoting Pat Chiko
{quote} . The end of the year is going to be a very volatile market movement, so we need to be very cautious about price action and manipulation. {image}
Hey Pat,

Doesn't volatility decrease at the end of the year? From December 22-January 2 most people don't even trade - are the "big boys/girls" still working then?
  • #1,995
  • Nov 27, 2023 3:14pm Nov 27, 2023 3:14pm
Quoting LoneTrader1
SL's at break even {image}
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  • #1,996
  • Nov 28, 2023 1:34am Nov 28, 2023 1:34am
Quoting JereMi256
Long 1.2608 {image}
Added longs.
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Face 'ur fears & tame 'ur greed
  • #1,997
  • Nov 28, 2023 2:23am Nov 28, 2023 2:23am
Quoting Pat Chiko
{quote} GU Price is in corrective moves. Thus, we must find the point where it will start an impulse move again. The end of the year is going to be a very volatile market movement, so we need to be very cautious about price action and manipulation. {image}

GU

Update on position and potential target zone for TP.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,998
  • Nov 28, 2023 2:40am Nov 28, 2023 2:40am
Quoting fx6996
{quote} Hey Pat, Doesn't volatility decrease at the end of the year? From December 22-January 2 most people don't even trade - are the "big boys/girls" still working then?
Thanks for your interesting question, and a very good question.

Yes, the market tends to be more volatile when trading volume is low.

Reason ; there are fewer buyers/sellers to participate in the market, which can make it easier for small orders to have a large impact on the price.
Additionally, low-volume stocks FX are often less liquid, meaning that it can be more difficult to buy or sell them without causing a significant price change.

Having said that, it will lead to wider spreads between the bid and ask prices, which can make it more volatile to enter or exit a position.
Let say..... during the low-volume market, a single large trade can have a disproportionate impact on the price of the forex currency.
This is because there are fewer orders to offset the impact of the large trade, which can lead to sharp (can caused wide gap) price movements.


By the way, it's essential to understand how forex works before diving into the market. I'll share the geeze of it.

1. A high-volume market does not necessarily imply high volatility.
In fact, high volume can sometimes lead to price consolidation, because an abundance of buyers and sellers can create a situation where supply and demand are relatively balanced, resulting in a period of sideways trading.

When a market consolidates, buyers and sellers are actively pushing the price up and down within a defined range, but neither side is able to gain a sustained advantage.
This can be frustrating for traders who are hoping for significant price movements, but it can also be an opportunity for others to accumulate shares or enter positions in preparation for a future breakout.

The opposite is true during low volume (or during holiday)

Hope that helps.

Best Wishese.
PAT Chiko
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,999
  • Nov 28, 2023 2:46am Nov 28, 2023 2:46am
Quoting JereMi256
{quote} Added longs. {image}
Weak positions reduced!
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Face 'ur fears & tame 'ur greed
  • #2,000
  • Nov 28, 2023 3:12am Nov 28, 2023 3:12am
Quoting Pat Chiko
{quote} Thanks for your interesting question, and a very good question. Yes, the market tends to be more volatile when trading volume is low. Reason ; there are fewer buyers/sellers to participate in the market, which can make it easier for small orders to have a large impact on the price. Additionally, low-volume stocks FX are often less liquid, meaning that it can be more difficult to buy or sell them without causing a significant price change. Having said that, it will lead to wider spreads between the bid and ask prices, which can make it more...
and how exactly understand forex works before diving into the market?
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