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How could PAT have helped me?

October 27, 2012 General Chart comments/questions, General Comments/Questions 4 Comments

Hi all,

well, in just over a weeks time I will be back with PAT full time again and REALLY getting back with the PAT family.

For now, in between decorating, I am just looking at IG charts and although I can see the CONTENT I cannot see all of the lovely bits and pieces PAT gives us for the FORM.

So, today I looked at the EUR chart and saw yesterday’s low of around 1.2920. At 7am today I saw a nice move down that dipped just below this level (what looked like possible stop taking) and at 9.30am what I believe PAT may have given us a JB up (although I cannot see this). So my intitial thoughts were a long market after an accumulation of buys.

So I MAY have bought the market on the retrace at 10.30am. I was obviously wrong as the market continued on down.

So my question is, I believe I saw the CONTENT, couldn’t see the FORM but my CONTENT stance was wrong. How could PAT have helped me?

See you all soon.

 

Paul

Question on form.

September 25, 2012 General Comments/Questions 30 Comments

Martin,

 
I am continuing to make modest progress and still enjoying PAT tremendously.  Just wanted to run my thought process by you to make sure I am sticking with content and not getting pulled into form.  Keep in mind that I NEVER deviate from the main cycle (acc, manip and pr).
 
1. Look at charts (15 and 60) around 3:30 and try to see if any direction grabs my attention.  Write my thoughts in the journal (I write whatever I think as the day goes by, some days more than others)
2. Check my phone (to see the charts from bed) starting around 7:00.  Check this about every hour until I see something that makes me get up and go to my computer.  Usually look for obvious stop taking.
3. If I do SEE something I feel good about, I typically wait a bit longer in the PR than most to enter.  I will wait for a jump bar, or a spike in volume to confirm direction, wait for a retrace, then enter to take 30 pips.  (I still get caught with my pants down, mainly when it is not a 90 pip run, as it did 24/9).  My lack of experience keeps me from getting in earlier because I tend to get caught in the manipulation more.  Can’t tell which side of the acc box they are doing the stop taking on.  It will come with time.
 
4. I am doing a much better job of not trading on days where it doesn’t look right to me.  My gut can tell if I am guessing or knowing.
5. Experimenting (demo acct) with the resistance bars and want to make sure the bars are indeed content and not form.
 
I appreciate any input you may have.  Thanks again for a great program and all of your efforts (and Nicki’s too)!

The Transition from FORM to CONTENT

September 17, 2012 Articles on Sense of Knowing 32 Comments

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Forum Discussions & Sense of Knowing

September 15, 2012 Articles on Sense of Knowing 28 Comments

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Should you decide that you would like to join the PAT family of users you will of course have full access to the site.

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