TomHall

How To Trade The Bat Pattern.

FX:EURUSD   Euro Fx/U.S. Dollar
Hi Traders,

After the very positive feedback received from the Gartley Pattern explanation, I have drawn another illustration this time explaining my interpretation of the Bat Pattern

For those who have not yet seen the explanation for the Gartley Pattern I have attach the link below.
How To Trade The Gartley Pattern.


Above Is an illustration of a complete Bat Pattern and the rules and ratios needed to trade this pattern.

First things first, grab your Fibonacci tool and draw from the X to A leg of the initial move or impulse leg.
The Fibonacci ratio's you are looking for are the 0.50% and the 0.618%, price MUST at least touch or spike through the 0.50% but not touch or exceed the 0.618%.
The price reversal zone is shown in the white box.

Now you have the B leg we are looking for the C leg which is a retracement of the A to B move.
Once again grab your Fibonacci tool and draw from the A leg to the B leg, you are looking for a minimum of the 0.618% retracement.
On the C leg the price reversal zone is a little wider, price MUST hit the 0.618% but not exceed the A leg, which is once again shown in the illustration above.

Once you have the X A B and C legs you are looking for the final piece of the jigsaw which is the D leg completion and the area you are looking to buy.
there are a couple of different ways to get the D leg however they both end up at the same price, for me personally I use the Fibonacci retracement tool.
To get the D leg take your Fibonacci tool and draw from the X to A leg which will give you a 0.886%.
Once price falls to the 0.886% all criteria's are met, at which point you would buy in anticipation that price will rise.

TARGETS:
When looking to take targets on this pattern the first step is to once again use your Fibonacci tool.
Take your Fibonacci tool and draw from the C to D leg, you are looking for the 0.382% and 0.618%.
If this is the method you are looking to use for targets you would have your broker take off half of your position at the 0.382% and the other half at the 0.618%
To protect the profits you have accumulated it is advised to move stop loss to breakeven once the 0.382% target 1 has been attained, thus giving you a risk free trade and money in the bank.

STOP LOSS:
When looking to place your stops there are again many ways this can be done, but should always be placed below the X leg.
Your risk reward should be a minimum of 1:1 on every trade to the 0.382%, if this can not be achieved then I would not personally take the trade.

CURRENCY PAIR:
This pattern like any other and is more profitable with certain currency pairs, you should do your own back testing on this before trading the pattern.

I hope this is a more in-depth insight to advanced patterns in particular the Bat Pattern .
I am available via private message for any questions you may have.

WEBSITE:
http://www.UKForexSignals.com

DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
Website: http://www.UKForexSignals.com
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Kadhijah
a year ago
very useful for beginners like me. Once again, thank you Tom.
kind regards
+2 Reply
TomHall TOP Kadhijah
a year ago
No problem, my pleasure.
Reply
forexjunkie33
a year ago
Can you do a 1 for the cypher pattern ?
+1 Reply
TomHall TOP forexjunkie33
a year ago
I will be very soon.
Reply
TomHall TOP
a year ago
How To Trade The Cypher Pattern.
How To Trade The Cypher Pattern.
+2 Reply
forexjunkie33
a year ago
Thx Pal
+1 Reply
TomHall TOP forexjunkie33
a year ago
Not a problem.
Reply
Intuit PRO
a year ago
Any reason why your point B has a minimum of 50% retracement? Most places I've looked say minimum is 38.2% for point B.
+2 Reply
TomHall TOP Intuit
a year ago
Hi,
Many pattern traders use different Fibonacci's, the fibs I have implemented in the illustration have been back tested on the pairs i trade and yield the best return long term.
+1 Reply
Josphat89 TomHall
a year ago
Hi Tom..please do bat crab and shark pattern as well. Would be grateful :)
+2 Reply
TomHall TOP Josphat89
a year ago
Hi,
I personally only trade the Cypher, Bat & Gartley so am unsure on the fibs and profitability of the shark and crab.
Reply
adloule
a year ago
thanks a lot Tom
+1 Reply
TomHall TOP adloule
a year ago
My pleasure.
+1 Reply
Josphat89
a year ago
Thanks. This is very helpful :)
+1 Reply
886trade
a year ago
Very good stuff. Thank you. well explained and easier to see.
+1 Reply
TomHall TOP 886trade
a year ago
Thanks very much, enjoy.
Reply
886trade
a year ago
Great work!
+1 Reply
LittleFish
a year ago
This is excellent. Thanks so much Tom! For me, a very fresh trader... will be very helpful.
+1 Reply
TomHall TOP LittleFish
a year ago
My pleasure, I hope it helps In the future
Reply
thebunny1
a year ago
Two thumbs up. This is what makes Tradingview so special.
+1 Reply
leelck512
a year ago
Bro thanks for sharing~
+1 Reply
inamniazi
a year ago
thank you very much
+1 Reply
FrankAx
a year ago
Been looking for exampels like these for a long time! Found many but no one that explain it this easy. Thanks!

+1 Reply
hussain9 PRO FrankAx
a year ago
If B moved more than 50% of XA it is not a Bat .
Reply
TomHall TOP hussain9
a year ago
Like I say above this is just an insight to my trading techniques, if this does not meet your rules that is no problem.
+1 Reply
Sashawn
a year ago
THX mate ^^
Your view of a Cypher Pattern would be interesting as well.
+1 Reply
TomHall TOP Sashawn
a year ago
I have attached the link below for the Cypher Pattern
How To Trade The Cypher Pattern.
Reply
JamadJamz
a year ago
Thanks so much! your amazing!
I learnt after reading twice.
+1 Reply
TomHall TOP JamadJamz
a year ago
My pleasure :-)
Reply
Olu
a year ago
Thanks for this explanation of the bat pattern. I have been trading for a a long time but never used this before. I like it because it fits in well with my EW influences. I am off to read the gartley pattern now
+1 Reply
TomHall TOP Olu
a year ago
Hi Olu,
No problem at all, I am glad it adds extra confluence to your current trading strategy.
Reply
if C doesn't exceed A leg but its around 98 febo or 95 does it going to un valid the patter ?
+1 Reply
TomHall TOP faisalhasnoon
a year ago
Hi,
The C leg must surpass the A leg to become valid.
Reply
faisalhasnoon PRO TomHall
a year ago
sorry tom i was talking about the bat Pattern :)
+1 Reply
TomHall TOP faisalhasnoon
a year ago
My apologies.
As long as the C leg does not exceed the A leg then it is still valid yes.
Reply
faisalhasnoon PRO TomHall
a year ago
thanks a lot
+1 Reply
TomHall TOP faisalhasnoon
a year ago
No problem at all.
Reply
doisdo
a year ago
Thank you TomHall,
A question, how to find x point?
+1 Reply
TomHall TOP doisdo
4 months ago
@doisdo, You should look for an impulse leg for the X to A leg
Reply
yossih
10 months ago
Thank You very much!
Could you write what kind of fib you use and from where to where you take it?
Thank you!
+1 Reply
TomHall TOP yossih
4 months ago
@yossih, Hi,
I may be writing some extra content very soon.
Reply
FarhadKurbanov
4 months ago
thank you!
+1 Reply
TomHall TOP FarhadKurbanov
4 months ago
@FarhadKurbanov, My pleasure.
Reply
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