Fibtrader786
Long

EURUSD bullish butterfly

FX:EURUSD   Euro Fx/U.S. Dollar
738 22 9
Very bullish setup. When you have two numbers coming together like this the probability of positive outcome is rising.
Buy EURUSD             at 1.0845. Use tight stop of 30 pips. Aiming for 80 pips P/T.

Related Ideas

SiamSamuhatananon
2 months ago
push long again?
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SiamSamuhatananon
2 months ago
awesome shot
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Fibtrader786 SiamSamuhatananon
2 months ago
Take all trades. Probability is in your favor.
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SiamSamuhatananon Fibtrader786
2 months ago
have any idea when lot? if i have 1000$ how many lot should I prefer for MM.
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Fibtrader786 SiamSamuhatananon
2 months ago
Depends on how much capital you want to risk. Do not risk more then 3%. So nn your case, since the S/L is 30 pips, you can open a trade with 10.000 which I believe is one mini lot.
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BLUE43 TOP
2 months ago
hi :_) the 1618 max d point for this butterfly is at 1.09616 so this one is not valid. the second pattern dont exist. Not saying it cannot bouce here, but if it does it will not be in relation with this patterns
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Fibtrader786 BLUE43
2 months ago
Well I can only say that we both read 2 different books :-).
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BLUE43 TOP Fibtrader786
2 months ago
like you want buddy but there is no book in this world with an D point for a butterfly up to 1618 :-)
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Fibtrader786 BLUE43
2 months ago
https://www.amazon.co.uk/Trade-What-You-See-Recognition/dp/047010676X
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BLUE43 TOP Fibtrader786
2 months ago
im sorry but up to 1618 the pattern is not valid. what is the name of the other one ?
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Fibtrader786 BLUE43
2 months ago
Butterfly is the name for both. You trade either at 1.272 or 1.618 extension. It is that simple. :-).
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BLUE43 TOP Fibtrader786
2 months ago
BUTTERFLY RULES
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BLUE43 TOP BLUE43
2 months ago
like you see the price is over 1618 so is no more valid for the first
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BLUE43 TOP BLUE43
2 months ago
for the second the price need a minimum of B point at 0.768-0.786 so its not a butterfly pattern
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Fibtrader786 BLUE43
2 months ago
I do not want to argue with you. Read the good books. That is why people loosing money in this business. They read wrong definitions. You can come up with thousands of names. This pattern works more than 70 % of the time.
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KaQing Fibtrader786
2 months ago
well the rules for the ideal butterfly in carneys book are as followed:
1. Precise 78.6% B point retracement of XA leg.
2. BC projection must be at least a 1.618.
3. Equivalent AB=CD pattern is minimum requirement, but the Alternate 1.27
AB=CD is the most common.
4. 1.27 XA projection most critical number in the Potential Reversal Zone (PRZ).
5. No 1.618 XA projection.
6. C point within range of 0.382–0.886 retracement, although 0.618 is
preferred.

But I didn't trade butterflies by these rules, so I can't say much. What I can say, is that there is a bullish Gartley completing at your D point on a higher TF.
(MTF) EURUSD Analysis

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Fibtrader786 BLUE43
2 months ago
You are measuring the expansion of XA. It is that simple.
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BLUE43 TOP Fibtrader786
2 months ago
ok my friend i will no more spend time for that lol. have a nice day and nice pips
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Fibtrader786 BLUE43
2 months ago
Have a good one and good luck.
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romana.papouskova BLUE43
2 months ago
only comment to this, I can say that following Fibtrader ideas, I made profit on 6 trades from 8 trades i followed him. dont care what book you read, if it works.
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BLUE43 TOP Fibtrader786
2 months ago
EURUSD ONLY FOR THOSES WHO LIKE COLORS AND PATTERNS
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BLUE43 TOP BLUE43
2 months ago
the complete team :-)
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