VitruvianTrader
Short

EURCAD Completed Bat Pattern

FX:EURCAD   Euro / Canadian Dollar
Bat pattern completed
Trade according to your harmonic bat pattern rules

trust the process
Trade closed: stop reached
VitruvianTrader VitruvianTrader
Trade should have looked more like this. Have been studying the use of these "inner" trend lines more and more lately (blue line), coupled with the fact that price likes to extend beyond an impulse point but usually fails by the 1.27 extension if its going to reverse. (Or close above the 1.27 if the trade is flat-out wrong).

Approach the game the correct way. Always taking notes , always learning, always improving. Cheers.
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monitoring this trade :) gl!
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420snoop 420snoop
rip it is ok the big pips are other places :)
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most certainly(: bat patterns are the best performing harmonic pattern that I back-tested, so I am never hesitant to enter one
+1 Reply
420snoop VitruvianTrader
Wow, that is good information to know! How did you backtest harmonics? In my own trading I have had a lot of success with butterflys and gartleys
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I backtested right here on trading view , and just kept a log on excel. I only backtested Bats and Gartleys and so they are the only patterns that I actively use, but I will soon be back testing Butterflys and come up with some rules for trading them.
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