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.
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!
ForceFollower pschloegl
:-) You're being very realistic. Buyers are pressing it higher now but the big trend is still down.
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
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. :-)
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.
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.
pschloegl ForceFollower
I appreciate your opinion, thank you!
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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