Bat Pattern from this mornings vision week training

FX:EURAUD   Euro Fx/Australian Dollar
Here's another look at the structure based trade that also happened to be a bearish bat pattern that we looked at during this mornings presentation.

If for some reason you missed it. Here's the link to the replay video

If you want to join me tomorrow here's the login link http://tradingeducation.omnovia.com/t2fxroom
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Great Akil...the webinar was awesome. Nice find too ;)
+1 Reply
good work !

what about AUD/USD + aus interest rate ?
+1 Reply
Looks primed for a short, confirmation by the 10th...would be nice to see Akil's thoughts on it.
Aussie news moves the market pretty big when it comes out, so the safest bet is to stay out
+2 Reply
Akil what rule do you follow to identfy C? For me it had to be at least .618 of AB.
+1 Reply
I require a minimum of 38.2
Hey traders just be AWARE of a lot of Aussie news tonight Retail Sales, Trade Balance, Cash Rate and RBZ Rate Statement.
+1 Reply
IvanLabrie PRO Akil_Stokes
Akil, what news feed do you reccomend? and what to focus on? Interest rates, fed fomc stuff...anything else?

I'm waiting for a solid close below (bar outside that price, no touches) the highest low at 1.4366 to get in. ;)
+1 Reply
I'll use Forexfactory.com to see what news events are out, http://www.forexlive.com is an excellent source as well. For the news events it depends on whats going on, but I rarely trade AUD & NZD news since there's so low liquidity in the markets when they are released. In general, I tend to be alert to FOMC, ECB, Interest rate decisions and Non Farm. Those are ones that I will play the sideline and observe before continuing to trade
+2 Reply
IvanLabrie PRO Akil_Stokes
Excellent thanks a lot Akil! Btw, did you see how the next bar double topped near the close? I'm waiting for my sell stop at 1.4367 to trigger...you taking this one?
No, I did not get involved in this one. Did catch a nice winner on AUDUSD though
+2 Reply
IvanLabrie PRO Akil_Stokes
It ended up playing nicely.
+1 Reply
imbhk Akil_Stokes
blast, aussie new low !
+1 Reply
i may be wrong but a i can see bat on USDCHF ON 4HR & D. but usd charts are going through the ceiling.
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