TradeYodha
Long

#EURUSD Long Idea

FX:EURUSD   Euro Fx/U.S. Dollar
#EURUSD Long Idea
Also we have a bat pattern here.
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TradeYodha PRO Alexander_Nikitin
2 years ago
yes you are right mate. I actually use fib ratios which result in advanced pattern. As you see 127.2 is coinciding with 0.886 which is one of the conditions for bat.
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Alexander_Nikitin TOP TradeYodha
2 years ago
Multiple strategies on chart

Go short on gbpusd. Stretch fibs from C to E and sell 0,618. We have a high probability of this 15min candle to close below B))
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Alexander_Nikitin TOP TradeYodha
2 years ago
Multiple strategies on chart
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EverythingForex PRO Alexander_Nikitin
2 years ago
At the risk of disagreeing with the "Bat King", if you call that a bat, it's not a strong bat as prices closed beyond the 50% retrace. In such a case, I personally prefer to call it a crab. If prices had not closed beyond the 50% retrace, I'd also call it a bat until it's not.
UPDATE #1: EURUSD: Bear Bat OR Bull Cypher + Adding Bull Crab
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EverythingForex PRO EverythingForex
2 years ago
But overall, I agree with both of you as to the general direction to go LONG on this pair and probably pretty soon.....
Analysis: EURUSD: LT* Outlook + ST* Bear Bat OR Bullish Cypher
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Alexander_Nikitin TOP EverythingForex
2 years ago
I treat everything as a BAT if B-point passes 50 and doesn't touch 61,8. Crabs must have a 61,8 B-retracement but (unlike Gartlies) they fail having 61,8 retracemnt at C.
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EverythingForex PRO Alexander_Nikitin
2 years ago
Fair enough. No harm in seeing a bat that way. Someone (if you haven't already) should do a back test on success rate of bats that touch but don't close beyond 50% and ones that close between 50% and 61.8%.

As for crabs, I just go with Mr. Carney's ratios where crab B point can be between .382 and .618. I also tend more towards crabs than I do bats (as might be seen on my posts). Maybe cause they taste a lot better! ;-P

Anyway, I'm holding out for the cypher.
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Alexander_Nikitin TOP EverythingForex
2 years ago
Crabs are nice because of risk to reward. )) By the way have anybody seen a nice bull gartley completion on audusd 60? It triggered selling usd)
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EverythingForex PRO Alexander_Nikitin
2 years ago
Yeah, I caught that one but didn't post about it. Not enough time to post and trade! But I am looking at a nice bearish cypher that may set up soon on AUDUSD. See how this Gartley plays out though.....apologies again, Yodha!
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Alexander_Nikitin TOP EverythingForex
2 years ago
if bat goes up far enough we'll have a cypher completion. May use stop and reverse. these back to back setups are typically followed by a very huge movement. that's because back to back patterns are usually found in channels. If you enter a pattern coinsiding with a trend you may catch an extended target ' because channels usually break to side of the overall trend. It's the topic of my tomorrow's discussion))
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TradeYodha PRO EverythingForex
2 years ago
no worries
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Alexander_Nikitin TOP TradeYodha
2 years ago
AUSSIE BBS I talked about went very well)
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Alexander_Nikitin TOP EverythingForex
2 years ago
I'm not trading 60. Swing trading is not for me. Trading Bats doesn't mean we enter in a long term. small pull back is ok.
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EverythingForex PRO Alexander_Nikitin
2 years ago
Yeah, I did notice you do a lot of 15M and even 5M scalp trades.I don't scalp trade. I'm opposite. I like to "swing"! LOL! Sorry for hijacking your thread, Yodha!
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Alexander_Nikitin TOP EverythingForex
2 years ago
I don't treat them as scalps, I treat them as intraday. Intraday trades must be closed before the day closes. Some traders call 60 charts intraday, but most of the trades triggered on 60 are left overnight. That's why 60 is more likely to be a swing trading. As for scalping, I think it's trading on 1 min or tick charts. I'd rather call scalp trade the trade having reward less than 10 pips. these are only my thoughts. don't know the truth))
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TradeYodha PRO EverythingForex
2 years ago
it is ok. It is a very good discussion :)
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