amit.sondhi2
Short

BAT PATTERN SELL EURUSD

FX:EURUSD   Euro Fx/U.S. Dollar
260 15 4
Looks like the B leg hits the 61.8 is that still valid for a bat?
+2 Reply
Hi Akil! Do you have a sheet over the different patterns... cause I would not even call this "pattern" anything. I trade with the C-leg always around the 88.6 fib for having a valid pattern. But maybe other patterns have been backtested as been valid. Thanks!
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Akil_Stokes PRO WallStScalper
This in't any type of pattern for me either
+1 Reply
Akil_Stokes PRO WallStScalper
But yeah, I'm sure a trader could have backtested this scenerio and found positive results and thats why i try and always say "per my rules" I never want to say that someone is wrong unless I'm working with them personally
+1 Reply
Yes I fully agree. Always follow the plan laid out... these are the pattern I use and find having good results: http://neoharmonics.com/neoHarmonics/neoHarmonicsPatternsCheatSheetAndRatios.pdf
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Akil_Stokes PRO WallStScalper
I trade many of those as well, slighty more specific rules though, but yeah a good protfolio of patterns can do wonders
+1 Reply
Hi Akil but c leg is only 50% so thats why i called it bat. what do you say?
+1 Reply
Akil_Stokes PRO amit.sondhi2
I'd say not for me as a bat pattern cannot hit the 61.8. bu those are just the rules I follow, please don't let that influence your trade
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GARTLEY...however.....H4 is showing a potential KoD trade....@ 1.0132...
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Wouldn't be a Gartley for me either, but like I mentioned above,follow the rules that you've laid out for yourself and don't let me influence them
+1 Reply
amit.sondhi2 Akil_Stokes
Thanks Akil i always follow the rule you thought us. so for me also its bat pattern.
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Akil_Stokes PRO amit.sondhi2
It's not a any valid pattern for me
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I agree with Akil. Bat is my opinion, 0.5 retracement but cannot touch 0.618 and c leg retracement must touch 0.618. But as Akil said, if you tested it and it works go for it. But i stay out of this trade.
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The meaning I get from price action is either just a abcd move into structural resistens or a 1.618 ext. that could make a possible higher high and a possible trend change. But it's all in the future.. still in the blur zone what going to happen
snapshot
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WallStScalper PRO WallStScalper
Might just be a triangle being formed:
snapshot
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