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Price Action Trading (PAT) - Amplifying Market Insights

  • #2,181
  • May 14, 2024 4:38am May 14, 2024 4:38am
GJ

SHORT scalping
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I come from the future.
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  • #2,182
  • May 14, 2024 6:27am May 14, 2024 6:27am
Quoting Pat Chiko
GJ SHORT scalping{image}
GJ

Stopped out.

Price determine to get to Daily OB/H4 OB.
Re N3 Short.
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I come from the future.
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  • #2,183
  • May 14, 2024 6:33am May 14, 2024 6:33am
Quoting Pat Chiko
{quote} GJ Stopped out. Price determine to get to Daily OB/H4 OB. Re N3 Short.{image}
with those wide SL,
love how you quickly cut losses
wish you a good day of trading PAT
newbie
  • #2,184
  • May 14, 2024 6:53am May 14, 2024 6:53am
Quoting fex.
{quote} with those wide SL, love how you quickly cut losses wish you a good day of trading PAT
GJ

So when I got stopped out, it is better to do it early.
I didn't wanna freak out over the price possibly bouncing back against my trade.
Cutting losses sooner rather than later seemed most sensible ways in protectin capital , especially since the price had already busted through the previous SRF zone.
I figured it was just a trick to lure in traders like us.

I checked out the higher time frame charts (like Daily and H4), and noticed the price hadn't hit the objectives for those time frames yet.
So, chances were high it would head in that direction before making a U-turn.



Right now, the price hit the QM zone, which might suggest it's looking to drop even more.
But you know how it is with prices—it'll pretty much do whatever it feels like doing.

It's a bit tough, but sometimes you gotta make sacrifices to cut those losses short, right?
That way, your big wins have a better chance to shine.
The trick is to always keep your eyes on the prize: minimizing those small losses so the big wins can thrive.
And hey, don't sweat it if you have to take a loss now and then—that's just part of the game.
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Best Wishes

Pat Chiko
I come from the future.
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  • #2,185
  • May 15, 2024 12:44am May 15, 2024 12:44am
Quoting Pat Chiko
GOLD Scalping set up{image}
GOLD

Partial TP
Waiting for CPI
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,186
  • May 15, 2024 6:06am May 15, 2024 6:06am
Quoting Pat Chiko
{quote} GJ Stopped out. Price determine to get to Daily OB/H4 OB. Re N3 Short.{image}


GJ

Partial TP
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,187
  • May 15, 2024 6:59am May 15, 2024 6:59am
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ONE
Life waits for nobody, get up every day and keep pushing through no matter what
TWO
make sure you take good care of yourself, if something happens to you the world will move on and you will fall behind
THREE
if you don't work to build your dream life, someone will hire you to build theirs
FOUR
work in silence, celebrate in private people love to ruin things
FIVE
don't regret your past, just learn from it and move on
SIX
no one cares, work harder to become better each day
SEVEN
ignore advice from anyone who doesn't live the life you want to live
EIGHT
rule over your emotions, a calm mind can handle any situation
NINE
if you find someone better than you, don't hate, ask them for advice and cooperate with them.
TEN
you're peace with yourself, when you mind your own business.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,188
  • May 15, 2024 10:19am May 15, 2024 10:19am
Quoting Pat Chiko
{quote} GOLD Partial TP Waiting for CPI{image}
GOLD

minor pull back 50% fib continue to add position.
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,189
  • May 15, 2024 7:37pm May 15, 2024 7:37pm
Quoting Pat Chiko
{quote} GOLD minor pull back 50% fib continue to add position.{image}
Hi Pat,
I'm impressed with your ability to identify key zones. Do you rely solely on the Fibonacci 50% retracement level, or do you use other techniques as well?
  • #2,190
  • May 17, 2024 10:17am May 17, 2024 10:17am
Quoting Pat Chiko
{quote} GOLD minor pull back 50% fib continue to add position.{image}
GOLD

Closed some
Need money to party on the weekends.
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Have a nice weekend all, and rest for next week
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,191
  • May 18, 2024 3:19am May 18, 2024 3:19am
Quoting Pat Chiko
{quote} GOLD Closed some Need money to party on the weekends. {image} Have a nice weekend all, and rest for next week
hi sir, hope you are doing great as you doing here.. my question is that what's your strategy behind all this? How do you analyse your charts i am sorry if i missed the post you already mentioned previously. I have seen you in up and under price action thread. So what's the strategy? Thanks
  • #2,192
  • May 19, 2024 10:12am May 19, 2024 10:12am
Quoting france001
{quote} Hi Pat, I'm impressed with your ability to identify key zones. Do you rely solely on the Fibonacci 50% retracement level, or do you use other techniques as well?
Hi,

Thanks for your comment.
While Fibonacci retracement levels are indeed a part of my analysis toolkit, I don't rely solely on them for identifying key zones.
Instead, I take a holistic approach, considering various factors such as price structure, support and resistance zones, trendlines, and market sentiment.

Fibonacci retracement levels are helpful for confirming potential reversal or entry points, but they're just one piece of the puzzle.
I find that combining them with other technical analysis methods gives me a more comprehensive view of the market dynamics and helps me make more informed trading decisions.
So, in essence, while Fibonacci levels are valuable, I use them in conjunction with other techniques to determine trade zones and confirmations.

On your other question, the trading method i used can be found in this thread.
Price Action Powerhouse: Unveiling S&D vs. S&R for Smarter Trades
(under Trading Discussion)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,193
  • May 19, 2024 7:06pm May 19, 2024 7:06pm
Quoting Pat Chiko
{quote} Hi, Thanks for your comment. While Fibonacci retracement levels are indeed a part of my analysis toolkit, I don't rely solely on them for identifying key zones. Instead, I take a holistic approach, considering various factors such as price structure, support and resistance zones, trendlines, and market sentiment. Fibonacci retracement levels are helpful for confirming potential reversal or entry points, but they're just one piece of the puzzle. I find that combining them with other technical analysis methods gives me a more comprehensive...
Thank you very much, Pat.You were extremely helpful.
  • #2,194
  • May 20, 2024 1:13am May 20, 2024 1:13am
Quoting france001
{quote} hi , pat could you tell me do I mark the key level correctly in the picture ? {image}

Hi france,
Thanks for reaching out!
I've taken a look at the picture, and it seems like you've marked the key levels quite accurately.
However, I would recommend taking a step back and examining the higher time frame charts for a broader perspective.

Before diving into specific trade setups on lower time frames, it's crucial to analyze the overall trend and significant support and resistance zones on higher time frames.
This helps in understanding the broader market context and potential areas of interest for trades.

I suggest observing the formations on HTF charts, paying close attention to rejection and bounce zones.
These areas often provide valuable insights into market sentiment and potential reversal or continuation points.

Once you have a clear understanding of the higher time frame dynamics, you can then zoom in to LTF to identify precise trade setups that align with the broader market context.

Here's my simple trade set up

Best regards,
Pat CHIKO
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,195
  • May 20, 2024 2:30am May 20, 2024 2:30am
Thank you so much for your input. I am new to this system could you please send more examples? Thank you
  • #2,196
  • May 20, 2024 9:38am May 20, 2024 9:38am
Quoting Snr2024
Thank you so much for your input. I am new to this system could you please send more examples? Thank you
Here;s another one.
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Now you tell me the REASON, Why do I get into LONG.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,197
  • May 20, 2024 9:42am May 20, 2024 9:42am
Quoting Pat Chiko
{quote} Here;s another one. {image} Now you tell me the REASON, Why do I get into LONG.
I m sorry to interpret this because I have very low understanding on all this please don't get me wrong, hope you will clear my understanding on this,
  • #2,198
  • May 20, 2024 9:52am May 20, 2024 9:52am
Quoting Snr2024
{quote} I m sorry to interpret this because I have very low understanding on all this please don't get me wrong, hope you will clear my understanding on this,
Sory to hear that.
In here I dont teach.
You have to learn.

If you want to get a good system please go to the Forum under " Trading System"
In There re many thread to teach you a good system.
You can get others to teach you there.

Thank you for coming here, but you're not ready for this thread, as it may confused you for learning process.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,199
  • May 20, 2024 10:17am May 20, 2024 10:17am
Quoting Pat Chiko
{quote} Here;s another one. {image} Now you tell me the REASON, Why do I get into LONG.
Because you are a raging madman but even though I have never followed one of your trades I know that you trade well
  • #2,200
  • May 20, 2024 10:19am May 20, 2024 10:19am
it is time to think short in gold
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