One thing about this particular pattern that you may want to keep an eye out for is the potential risk/reward. The safest place for a stop loss is going to be below the 1.1150’s level and because it’s not a deep “D” completion that may mean stretching your risk reward ratio past 1:1 if you want to be down there. That’s a personal decision obviously, but I do think it’s something to think about if taking this trade.
Chief Currency Analysis at Trade Empowered
Click here for 20+ hours of FREE Training
Click the link below to subscribe for more FOREX TRADING videos
SEE MY BEST TRADING IDEAS DAILY
FREE WORKSHOPS & TRAINING VIDEOS
WATCH MY LATEST TRADING VIDEO
CHECK OUT MY LIVE TRADING ROOM
If you have ever read my posts, you would know that I use advanced patterns extensively and they are integral to my trading system. You want to knit pick on winning trades using advanced patterns? I recently posted a summary of my DOCUMENTED trades here on Tradingview on the USDJPY pair that is a pair that I closely follow in which the past 1+ months, I've posted winning trade after winning trade to the tune of over +2200 pips! And advanced patterns were all involved in those trades, dude! Yes, my strategy does not ONLY use advanced patterns but they work! I haven't done a summary of the EURUSD pair but I can tell you off the top of my head that my POSTED trades in this pair also have made hundreds if not thousands of pips. DOCUMENTED trades. Sure, there are losers in there but my losing trades usually lose under 100 pips and most times...much less than that! While my winning trades regularly bring in hundreds of pips per trade. So I don't know what is your beef with advanced patterns or Akil for that matter but you just gotta either CHILL with your criticisms or just find something else to occupy your time! I look at your posts and I can see that you use a breakout strategy. I can criticize that all the live long day. But why waste my time on such banality? I've got so much better things to do like plotting my next winning advanced pattern trade!
Yes, like Akil and many others here, I only post a portion of my actual trades. Why? 1. I don't have so much time on my hands to be able to post and follow up properly if I were to post all my trades. 2. Although I don't run a teaching academy like Akil, I also have private clients who pay me for my analysis and they would not be so happy to see me posting trades for free that they pay for! But I can assure you that they make PLENTY OF MONEY from my analysis. Look at my posts and you'll see that I put A LOT OF TIME and effort into them.
So either just remove any poster who even draws an advanced pattern or mentions a bat or else, do what you said and keep your word....just remove yourself from tradingview altogether. Negativity like yours we can all do without! Peace!