rozela99
Short

Getting to the party early AUDUSD

FX:AUDUSD   Australian Dollar/U.S. Dollar
Price is curently at the C point of what could turn into a bear bat

IF you have backtested this pair/pattern, and time frame and IF you have percise rules in your plan to trade this pair/ pattern, and time frame. Then you could potentialy get short.



DerekUweri71
a year ago
Hi Rozela99, I sent exactly this pattern to Kevin earlier this morning.
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DerekUweri71 DerekUweri71
a year ago
AUDUSD: How I Narrowed Down The Best Possible Area
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rozela99 DerekUweri71
a year ago
Nice. Its always nice when others spot the same possible trade.
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DerekUweri71 rozela99
a year ago
I've noticed a couple of others that we have both spotted. An example would be the EURUSD on Friday. I think we both spotted a bearish BAT but the US Retail news turned the BAT into a Butterfly.
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DerekUweri71
a year ago
snapshot
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Piet.Hein
a year ago
Nice trade, good luck!
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olly_price
a year ago
Hi, I'm new to this pattern and I am currently exploring its use from watching these posts. I am struggling at the moment to understand where entry points are. Are you looking to enter a long position at C in anticipation of a rally up to a point around D? Or are you on hold to see if the chart reaches D and then going short around there?
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olly_price olly_price
a year ago
Presumably the latter, with the green bar a profit target and the red bar above it a stop loss area?
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rozela99 olly_price
a year ago
I am waiting for the D point to complete to get short. If I were you. And before I put any live money at risk in the markets. I would get educated. I would have to say Tradeempowered.com is the best place to go. They offer a lot of free training videos. I WOULD NOT BLINDLY FOLLOW ANYONES TRADES THAT THEY POST. With that said one must first have a trading strategy that they have backtested and has a positive expectancy over time.

I would also follow Akil_Stokes and J_Graystone These guys are top notch and both are with Tradeempowered.com
+1 Reply
PateSkpate
a year ago
Looking at the same thing. I can only trade it as a TCT though.
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