TomHall
Short

EUR.USD - BEARISH BAT SETUP - 1.0634

FX:EURUSD   Euro Fx/U.S. Dollar
11 days ago
On the EUR.USD 15min chart we have a potential short opportunity's at the D leg completion of bearish Bat setup.

The price reversal zone on this pair is between 1.0634 & 1.0642
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.0583
Stop loss would be placed above X leg structure resistance.

Target 1 - 1.0609
Target 2 - 1.0594
11 days ago
Comment: EUR.USD - D leg completion at 1.0634 now active.
11 days ago
Order cancelled: Position not executed, price now breaking the X leg resistance which invalidates idea.
11 days ago
Comment: EUR.USD Bullish Bat setup at 1.0585

EUR.USD - BULLISH BAT SETUP - 1.0585
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Sidbruce
11 days ago
Been watching this pair all day. It has a good potential to hit both of your targets.
+1 Reply
TomHall TOP Sidbruce
11 days ago
@Sidbruce, The market is now overextended so we will have to see how everything plays out.
Reply
Sidbruce
11 days ago
You think its a strong possibility that if it hit target 1 it would go all the way back up then down for a sell?
+1 Reply
TomHall TOP Sidbruce
11 days ago
@Sidbruce, It's always very difficult to say.
Once we get valid setups we know the long term profitability so we simply execute positions knowing we have an edge over the market.

If there was a time where the backtesting results showed that price was only hitting TP1 and not TP2 then we would simply shoot for a 1:1 to TP1

I hope that makes sense.
Reply
Sidbruce
11 days ago
Thanks, it makes sense from the looks of it. I'm fairly new at this but been following you on here learning as I go. Great chart setup
+1 Reply
TomHall TOP Sidbruce
11 days ago
@Sidbruce, My pleasure, i hope you continue to learn and progress in your trading career.
+1 Reply
I believe today will be a reverse- day. Look at the EURCHF, EURGBP ! They correlate. All are above SMA50, EMA100, EMA200 on H1. Don't think ERUUSD is going to fall again.
+2 Reply
TomHall TOP MarkSterensohn
11 days ago
@MarkSterensohn, It is certainly possible we will see a push higher from the EUR pairs including EUR.USD, however we wouldn't get into this position until it gives us confirmation of a reversal.
+1 Reply
PasinduRashmika
11 days ago
Still Going upward.. not down is that information is incorrect? i lost here.. Dear Tom pls help..
Reply
PjMiz PasinduRashmika
11 days ago
@PasinduRashmika, if you lost here, you must work on patience. Another good call by Tom so far.
+1 Reply
TomHall TOP PjMiz
11 days ago
@PjMiz, Thanks very much.
+1 Reply
TomHall TOP PasinduRashmika
11 days ago
@PasinduRashmika, You should enter the market once it meets your rules to execute.
The 1.0634 & 1.0642 levels are an area of interest not a guaranteed reversal area so price can retest as a double top prior to heading in the desired direction.

You must make sure that your stop loss on this occasion is above the X leg.

I hope that helps a little.
+2 Reply
PjMiz
11 days ago
Thanks for another wonderful opportunity Tom. You've been aiding me tremendously and making my 2-3 a.m. trading sessions become a success. Much gratitude.
+2 Reply
TomHall TOP PjMiz
11 days ago
@PjMiz, My pleasure, your hard work will pay off.

Thanks very much for the message.
+1 Reply
HengkiTjen
11 days ago
hi tom is look like hit the support, should be buy ? for long trade bullish?
Reply
TomHall TOP HengkiTjen
11 days ago
@HengkiTjen, Hi,
I am neither long or short I would need to see extra confirmation prior to any entry.

If price breaks the X leg then it will invalidate the idea.
Reply
ayildirim
11 days ago
Hi thanks for sharing.... I think SL was performed ?
Reply
TomHall TOP ayildirim
11 days ago
@ayildirim, Hi, My pleasure.
If the trade was taken then it's likely someone would be stopped out, however for me personally i didn't get a reversal sign so no trade was executed.
Reply
Tom, may i ask you. Is the level D a 88.6% level? Where i can read exact rules about XABCD patterns!?
Reply
TomHall TOP MarkSterensohn
11 days ago
@MarkSterensohn, I will attach below my basic rules in charts i have posted previously.
Reply
TomHall TOP MarkSterensohn
11 days ago
@MarkSterensohn, Gartley Pattern - Explained

How To Trade The Gartley Pattern.
+1 Reply
TomHall TOP MarkSterensohn
11 days ago
@MarkSterensohn, Bat Setup - Explained

How To Trade The Bat Pattern.
+1 Reply
TomHall TOP MarkSterensohn
11 days ago
@MarkSterensohn, Cypher Setup - Explained

How To Trade The Cypher Pattern.
+1 Reply
X87
11 days ago
that was a great trade
+2 Reply
TomHall TOP X87
11 days ago
@X87, That's great to hear :-)
Have a good rest of the week.
Reply
Capskitz
11 days ago
Nice job.
+1 Reply
TomHall TOP Capskitz
11 days ago
@Capskitz, Thanks very much!
Reply
HengkiTjen
11 days ago
Hi tom you have YouTube channel?? How to draw this pattern? Can you give me some lesson thanks tom , cheers mate
+1 Reply
TomHall TOP HengkiTjen
11 days ago
@HengkiTjen, Hi,
I do have a channel but it is set to private for subscribers only.
I have attached above the Bat, Cypher and Gartley setups and give a basic explanation if you wanted to take a look at them.
Reply
HengkiTjen TomHall
10 days ago
@TomHall, can you explain for me Bat,Cypher and Gartley Setups? please thanks tom
Reply
TomHall TOP HengkiTjen
10 days ago
@HengkiTjen, I will be posting them up in just a moment.
Reply
HengkiTjen TomHall
10 days ago
@TomHall, Cheers mate looking foward to it
Reply
Daniill
9 days ago
Технический анализ пары EUR/USD
+1 Reply
TomHall TOP Daniill
9 days ago
@Daniill, Nice weekly setup.
Reply
what would your stop loss be in this type of position. since when it reaches a level the price goes crazy?
+1 Reply
TomHall TOP RonaldRayForeX
4 days ago
@RonaldRayForeX, The stop loss is not something i can go into as it depends on many factors in your personal account.
If you click the link below it will give you a little more information.

5 EASY STEPS TO TRADE THE GARTLEY PATTERN
Reply
swetha.dynamic
3 days ago
beautifully executed
Reply
TomHall TOP swetha.dynamic
3 days ago
@swetha.dynamic, Thanks very much.
Reply
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