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Price Action Trading (PAT) - Amplifying Market Insights

  • #2,061
  • Dec 6, 2023 5:16am Dec 6, 2023 5:16am
Late short call but better late than never!
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Face 'ur fears & tame 'ur greed
  • #2,062
  • Dec 6, 2023 11:27pm Dec 6, 2023 11:27pm
Quoting JereMi256
Late short call but better late than never! {image}
Partial TP set.
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Face 'ur fears & tame 'ur greed
  • #2,063
  • Dec 7, 2023 2:08am Dec 7, 2023 2:08am
Quoting JereMi256
Late short call but better late than never! {image}
Added shorts, one stop 1.2600
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Face 'ur fears & tame 'ur greed
  • #2,064
  • Edited 6:36am Dec 7, 2023 6:09am | Edited 6:36am
seems to be searchin for a round number with 7 digits.......h
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edit-----

forgot the td count...... daily 20 is very rare......h
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to trade and code, keep both simple... no call to impress....h
  • #2,065
  • Dec 7, 2023 11:43am Dec 7, 2023 11:43am
Quoting JereMi256
{quote} Added shorts, one stop 1.2600 {image}
Stopped out!
Face 'ur fears & tame 'ur greed
  • #2,066
  • Feb 2, 2024 6:02am Feb 2, 2024 6:02am
GOLD


NFP day.
Gimme the spike
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,067
  • Feb 2, 2024 6:14am Feb 2, 2024 6:14am
GU

NFP set up

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,068
  • Feb 2, 2024 6:41am Feb 2, 2024 6:41am
Quoting Pat Chiko
GU NFP set up {image}
GU

at manipulation zone.
Watch for BO/RT to sell
or the RSF hold for another bull run

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Better to wait for the price to set in and after the spikes.
Then you have better chance to survive rather than to trade pre-NFP
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,069
  • Feb 2, 2024 6:50am Feb 2, 2024 6:50am
Quoting Pat Chiko
{quote} GU at manipulation zone. Watch for BO/RT to sell or the RSF hold for another bull run {image} Better to wait for the price to set in and after the spikes. Then you have better chance to survive rather than to trade pre-NFP
GU

either one manipulation for NFP

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,070
  • Feb 2, 2024 6:50am Feb 2, 2024 6:50am
Quoting Pat Chiko
GOLD NFP day. Gimme the spike {image}
Hey Man.
I note one think. You have your H4 candel set to London time like mine.
In the past it wasn't like this or I am wrong.
  • #2,071
  • Feb 2, 2024 7:01am Feb 2, 2024 7:01am
TIMING, PRECISION, PROFITABILITY, EXPERIENCE

Timing is about choosing the right moments to make trades, while precision involves making accurate and careful decisions.
Although you don't have to be overly precise to be profitable, being precise can improve your chances of success, especially when combined with experience and knowledge gained over time.


Timing in Trading:
Timing refers to choosing the right moment to buy or sell a financial asset, like stocks or currencies.

Precision in Trading:
Precision involves making accurate and careful decisions in trading. It's about being specific and exact in your actions.

Relationship between Precision and Profitability:
While you don't necessarily need to be super precise to make money in trading, being precise can enhance your chances of making profitable trades.

Time and Experience in Trading:
Gaining knowledge and experience in trading takes time, and there's no shortcut to becoming a successful trader.
It's a gradual process of learning and adapting to the market.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,072
  • Feb 2, 2024 7:21am Feb 2, 2024 7:21am
Quoting Pat Chiko
{quote} GU either one manipulation for NFP {image}{image}
Salaam bro,
Currently flat GU
Have 2 target to enter fresh trades
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Whichever comes first.

As for NFP have some buys UJ
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More time in the market, does not mean you trade better!
  • #2,073
  • Feb 2, 2024 8:39am Feb 2, 2024 8:39am
GU

Setting up for pullback to fill FVG/BPR zone
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,074
  • Feb 2, 2024 8:41am Feb 2, 2024 8:41am
The NFP number was missed by a huge margin (166k), and a previous number was revised to the upside by 116k. The other numbers were also good so rates cut might be off the table for now. We can only follow the charts.
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Always trade your own plan...I don't provide trading signals.
  • #2,075
  • Feb 2, 2024 8:58am Feb 2, 2024 8:58am
Quoting Pat Chiko
GU Setting up for pullback to fill FVG/BPR zone {image}
GU

Long N3 for pullbakc, for now.
We will see what price may want to offer when it reach those level .

Counting this as Wave A
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,076
  • Feb 2, 2024 9:08am Feb 2, 2024 9:08am
Gold
Just scal with a good profit
The entry look the same in GU
Someone look for short UJ?
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  • #2,077
  • Feb 2, 2024 9:10am Feb 2, 2024 9:10am
Quoting Coreg2004
The NFP number was missed by a huge margin (166k), and a previous number was revised to the upside by 116k. The other numbers were also good so rates cut might be off the table for now. We can only follow the charts. {image}
Hey Bro.

So, what does this mean for interest rates?

The Fed has been hinting at slowing down its rate hikes, maybe even cutting them later this year.
But this data release throws a wrench in their plans.

Here's why I see the plan may takes a different turns : (newbie view)

Hawkish argument:
Some experts argue that a weaker-than-expected jobs report shouldn't deter the Fed from raising rates. Inflation is still high, and a strong labor market could fuel it further.
So, raising rates might still be necessary to cool things down.

Dovish argument:
Others point out that the downward revision to previous data suggests the job market might be slowing down already.
This could give the Fed more leeway to pause or even cut rates, especially if inflation shows signs of cooling down.

Ultimately, the Fed's decision will depend on how they interpret this mixed bag of data.
They'll consider other factors like inflation reports, consumer spending, and global economic conditions before making their next move.

P/S
The number get revised later.
The number of new jobs missed expectations by 166,000, coming in at 134,000.
The previous month's figure was revised upwards by 116,000, from 235,000 to 351,000.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,078
  • Feb 2, 2024 9:47am Feb 2, 2024 9:47am
Quoting Pat Chiko
{quote} Hey Bro. So, what does this mean for interest rates? The Fed has been hinting at slowing down its rate hikes, maybe even cutting them later this year. But this data release throws a wrench in their plans. Here's why I see the plan may takes a different turns : (newbie view) Hawkish argument: Some experts argue that a weaker-than-expected jobs report shouldn't deter the Fed from raising rates. Inflation is still high, and a strong labor market could fuel it further. So, raising rates might still be necessary to cool things down. Dovish argument:...
Pat, I use data release to help me understand potential moves during the day, but I know that if the NFP# is missed by 100k+ caution is required with counter-trades. It doesn't mean we don't take them b/c after all we trade the setups on the charts.
Always trade your own plan...I don't provide trading signals.
  • #2,079
  • Feb 2, 2024 10:10am Feb 2, 2024 10:10am
Quoting Pat Chiko
{quote} Hey Bro. So, what does this mean for interest rates? The Fed has been hinting at slowing down its rate hikes, maybe even cutting them later this year. But this data release throws a wrench in their plans. Here's why I see the plan may takes a different turns : (newbie view) Hawkish argument: Some experts argue that a weaker-than-expected jobs report shouldn't deter the Fed from raising rates. Inflation is still high, and a strong labor market could fuel it further. So, raising rates might still be necessary to cool things down. Dovish argument:...
Thats mean May cut out of picture.
June cut also start to fade.
Possibility we might only see 75bps cut starting in late Q2 24 (july or after) in line with Nov 2023 FED Eco Projection for 2024.
Pre - Valentines CPI will give us a clearer picture, i guess
More time in the market, does not mean you trade better!
  • #2,080
  • Feb 5, 2024 1:50am Feb 5, 2024 1:50am
GOLD

Set up

Waiting for long N3
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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