TradeYodha PRO
2 years ago
I think we can have 2 zones here for long and short:
snapshot
Reply
Alexander_Nikitin TOP TradeYodha
2 years ago
The founder of Bat pattern (Scott M. Carney) told about BAMM phenomenon. It's a specific type of price action when it breakes the B-point of Bat pattern. BAMM is Bat Action Magnet Move. Scott says that after a B-point breakout price moves towards D-point as if it's a magnet. On eurusd chart we have a B-point breakout to the downside. So, it seems to be a good idea to sell if price retraces to B-point. Stops will need to place above C-point. Target at D-point. Once the target is hit- reverse the position to the upside. However, BAMM strategy is not in the list of strategies I tested. Taking this trade will be a violation of my rules, that's why it will be a bad trade even if it wins.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out