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Price Action Trading (PAT) - Amplifying Market Insights

  • #2,001
  • Nov 28, 2023 6:00am Nov 28, 2023 6:00am
NASDAQ

Short set up
Wait for LTF break of structure for N3


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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,002
  • Nov 28, 2023 6:06am Nov 28, 2023 6:06am
GJ

Short set up

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,003
  • Nov 28, 2023 6:24am Nov 28, 2023 6:24am
Quoting Pat Chiko
GJ Short set up {image}
pat how is gold ??? it seems it wantnts to go lower
  • #2,004
  • Nov 28, 2023 6:27am Nov 28, 2023 6:27am
Quoting hadi.ch
{quote} and how exactly understand forex works before diving into the market?
1. By understanding the factors that affect exchange rates, the different types of forex trading strategies, and the potential for losses.

2. Undertanding differnent forex trading strategies :
Carry trade
Technical analysis
Fundamental analysis

3. Understanding Risk management , includes setting stop-loss orders, diversifying your portfolio.
Following sound risk management practices.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,005
  • Nov 28, 2023 6:42am Nov 28, 2023 6:42am
Quoting Fardeen1209
{quote} Aslm bro, mind i get your view on future possible fundamental of Dollar? With FED shifting to no more hike and hold for a longer term, and falling interest of Primary Dealer at treasury Auction- favoring yield Fundamental of Dollar really cloudy

Hard question to answer Bro.

From my view, USD is likely to remain strong in the near term as the Federal Reserve (FED) signals a pause in its interest rate hike cycle.
The reason:
Easing inflation: The rate of inflation in the US has been moderating in recent months, which could take some pressure off the FED to raise rates.
Economic uncertainty: The global economy is facing a number of headwinds. This uncertainty could lead investors to seek safety in the US Dollar.
Geopolitical tensions: The ongoing conflict and the heightened tensions between the US and China could also support the US Dollar.


USD outlook from source info, provided.
The Citi FX strategy team expects the dollar to appreciate by 5% against a basket of major currencies in 2024.
(Source Citi FX Outlook: "2024 and Beyond", Citibank, November 13, 2023.)

The Deutsche Bank FX strategy team expects the dollar to depreciate by 5% against a basket of major currencies in 2024.
(Deutsche Bank FX strategy team: "Deutsche Bank FX Outlook: 2024," Deutsche Bank, November 15, 2023.}

The Goldman Sachs FX strategy team expects the dollar to remain relatively flat against a basket of major currencies in 2024.
Citi FX strategy team: "
(Goldman Sachs FX strategy team: "Goldman Sachs FX Outlook: 2024," Goldman Sachs, November 17, 2023.)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,006
  • Nov 28, 2023 6:54am Nov 28, 2023 6:54am
Quoting Kelvin1
{quote} pat how is gold ??? it seems it wantnts to go lower
GOLD

Not sure about that by looking at structure it still trading HL/HH

May I know what you see for going to short gold, please share your set up , thanks
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,007
  • Nov 28, 2023 7:15am Nov 28, 2023 7:15am
Quoting Pat Chiko
{quote} GOLD Not sure about that by looking at structure it still trading HL/HH May I know what you see for going to short gold, please share your set up , thanks
GOLD

I answer my own then..........

Possible corrective with flat or extending flat of 3-3-5 or maybe XYZ.
Short for corrective only.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,008
  • Nov 28, 2023 7:16am Nov 28, 2023 7:16am
Quoting Pat Chiko
{quote} 1. By understanding the factors that affect exchange rates, the different types of forex trading strategies, and the potential for losses. 2. Undertanding differnent forex trading strategies : Carry trade Technical analysis Fundamental analysis 3. Understanding Risk management , includes setting stop-loss orders, diversifying your portfolio. Following sound risk management practices.
i dont want to bore anyone with my newbie questions and unfortunately cant massage you personally. so thanks anyway
  • #2,009
  • Nov 28, 2023 7:22am Nov 28, 2023 7:22am
Quoting Pat Chiko
{quote} GOLD I answer my own then.......... Possible corrective with flat or extending flat of 3-3-5 or maybe XYZ. Short for corrective only.{image} {image}
If Wave 1 is of that length, Wave- 3 or Wave-5 would easily ~$2200
More time in the market, does not mean you trade better!
  • #2,010
  • Nov 28, 2023 8:10am Nov 28, 2023 8:10am
Quoting JereMi256
{quote} Weak positions reduced! {image}
SL set to BE.
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Face 'ur fears & tame 'ur greed
  • #2,011
  • Nov 28, 2023 9:05am Nov 28, 2023 9:05am
Quoting JereMi256
{quote} SL set to BE. {image}
Partial TP hit
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Face 'ur fears & tame 'ur greed
  • #2,012
  • Nov 28, 2023 9:41am Nov 28, 2023 9:41am
Final TP in sight!

Quoting JereMi256
Final TP in sight! {image}
TP hit, one order left @+SL
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Face 'ur fears & tame 'ur greed
  • #2,013
  • Nov 28, 2023 10:07am Nov 28, 2023 10:07am
Quoting LoneTrader1
{quote} {image}
XAUUSD closed some here at 2031. Last position TP 2040
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  • #2,014
  • Nov 28, 2023 10:46am Nov 28, 2023 10:46am
All longs closed!
Shorts opened @1.2700
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Face 'ur fears & tame 'ur greed
  • #2,015
  • Nov 28, 2023 11:05am Nov 28, 2023 11:05am
Quoting JereMi256
All longs closed! Shorts opened @1.2700 {image}
Added shorts @1.2713
Face 'ur fears & tame 'ur greed
  • #2,016
  • Nov 28, 2023 11:21am Nov 28, 2023 11:21am
Quoting JereMi256
{quote} Added shorts @1.2713
JereMi256, the zones that I watch for today. Yesterday GU made an NR4 bar.
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and gold on the daily chart.
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Always trade your own plan...I don't provide trading signals.
  • #2,017
  • Nov 28, 2023 11:32am Nov 28, 2023 11:32am
Quoting Coreg2004
{quote} JereMi256, the zones that I watch for today. Yesterday GU made an NR4 bar. {image} and gold on the daily chart. {image}
Similar marking, I am picking mine from the Monthly OB.
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Face 'ur fears & tame 'ur greed
  • #2,018
  • Nov 28, 2023 11:42am Nov 28, 2023 11:42am
Quoting LoneTrader1
{quote} XAUUSD closed some here at 2031. Last position TP 2040 {image}
TP hit 2040
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  • #2,019
  • Nov 28, 2023 3:44pm Nov 28, 2023 3:44pm
Quoting Pat Chiko
{quote} GU Update on position and potential target zone for TP. {image}
how did you manage these trades?
  • #2,020
  • Nov 28, 2023 4:23pm Nov 28, 2023 4:23pm
Quoting JereMi256
All longs closed! Shorts opened @1.2700 {image}
Weak sells @1.2700 +closed
Face 'ur fears & tame 'ur greed
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