pschloegl
Short

still valid bat

FX:EURUSD   Euro / U.S. Dollar
110 9 1
all information are on the graph
good trading

Related Ideas

Working nicely - you should be fine.
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pschloegl ForceFollower
thanks - in general my records shows the eurusd pair as one of the bad performing pair, whereas bat pattern are my favorite advanced pattern I trade. However its a trade without emotions I already have won the last two days 350 pips and I'm sure loser are coming soon
take care!
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ForceFollower pschloegl
:-) You're being very realistic. Buyers are pressing it higher now but the big trend is still down.
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pschloegl ForceFollower
eurusd trend is bearish thats a given on a long term basis. In general I dont care about the long term trend I trade advanced pattern how they set up and I dont have a higher win percentage for advanced pattern at lower time frame if they are within the long term trend!! all the best
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ForceFollower pschloegl
Really? That's quite surprising! One might think that the trend being in your favor should be auspicious to the reliability of your setups. I really don't understand why it's not the case in your trading experience. :-)
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pschloegl ForceFollower
Well, advanced pattern are mainly set up during a consolidation phase or a break at the market - thats what I found out. Therefore the trend isnt relevant here. I have other criterias were I value opportunities and based on them I decide to trade or not.
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ForceFollower pschloegl
I see. So your strategy is for the non-trading markets. That's OK. I think you should stick to such market conditions only and avoid trending markets.
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pschloegl ForceFollower
I appreciate your opinion, thank you!
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ForceFollower pschloegl
You're welcome. Sorry, I meant "for non-trending markets", like a trading range, of course. I'm a strong advocate of specializing in one type of market conditions and knowing it inside-out. That's how you can develop the sharpest edge you can have.
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