tntsunrise
Short

GBPJPY UPDATE: BAT Pattern to short

FX:GBPJPY   British Pound/Japanese Yen
9911 94 169
GBPJPY             UPDATE:
After Last week our Long Position
Profit result 800 pips
Now i am looking at 161.33 level
to short GBPJPY            
This is a Bearish Bat Pattern
SL should be above the X point
Two target:
157.63
155.34
Trade active: Shorted at 161.40
Comment: So fast, earned 90 pips already
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snapshot
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First Target hit
Close half position
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snapshot

If you learnt how to trade Gartley Pattern and LIBRA patter.
You will catch the turning point.
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snapshot

going to hit TP2
Comment: NOW IS 155.00 TP2 HIT
+700PIPS
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Awesome Jack...I was hoping you might post something on your GBPJPY analysis. I definitely owe you a beer whenever you make your way to Canada.
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gcplau PRO Sleuthy
Sleuthy...what's the best treat in Canada...? That's what you owe Jack, I guess.... lol. No offense...just joking around
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Sleuthy gcplau
lol...no worries man...I have learned so much about pattern trading in the last few months after losing at the markets for years....I just I had seen his work earlier. As for gifts...we're pretty fond of our beer and wilderness where I'm at. I would definitely take him on a tour of Banff - and I promise not to talk about hockey lol.
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gcplau PRO Sleuthy
Great Sleu...cheers to that! Don't miss Jack's latest idea on GBPCAD, a BAT is on his radar and ready to fly...waiting for PA signal. What I will do is learn something from Jack, take some idea....execute carefully (sometimes you need manual adjustment and monitoring on H4, H1 when entry or exit is near...sometimes people said the suggested entry point did not hit...cos' they're not serious enough w/ the trade..can't expect someone to hold your hand for free while others also have work, life to live) Get some good money out of it, and enrol a course by Jack, strengthen the knowledge...and they will ferment and multiply from there... that's my 2 cents.
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Sleuthy gcplau
I agree. I was actually just looking at his website. Do you know if he will offer courses in English?
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Sleuthy Sleuthy
Found it...he does do English courses. Good news. I'll have to make some bigger trades first. Thanks gcplau. He is one of the few guys I would consider for a course.
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gcplau PRO Sleuthy
He told me once he'll have an English course in June, check this out or talk to him in PM directly. http://harmonicasia.com/pro-trader-course/
+1 Reply
gcplau PRO Sleuthy
Bigger trades? Gotta be careful! Jack only suggest 2% drawdown per trade, I think for the high RR ratio he practiced using harmonic trading, 2% is very good...and it seemed he's handling big trades and they don't risk more than 1%, 2%, but some in the field do use 5% drawdown...when any pro-trader mention 10% it's subject to challenge... U need to grab very good how money management works -- DD, Win Rate & R/R Ratio in order to be successful....google it and find some good mentors like Jack...
+1 Reply
your understanding is very good about trading
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gcplau PRO tntsunrise
Then I have to thanks for your generous sharing and guidance....
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Let's have a drink if i come to canada or you come to singapore.
+1 Reply
Sleuthy tntsunrise
Drinks are on me :)
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You man consider to use the profit you own to sign up my course in june
+1 Reply
Jack, comparing a bearish BAT at bottom and at top; will there be a difference to take the CD trade and D down trade? Initially I think CD trade is better than the D down, because CtoD trade seems to be faster and less volatility... that's my thought only. Can shine some light here?
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THE CD trade is doable due the 1h bat pattern
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If you can find any other reason to trade the CD leg , u can do so. and your the D point as the profit target
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gcplau PRO tntsunrise
Thanks and good to know it's considerable at least.
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interesting, pull back due soon for 2nd wave but wont pull back much as GBP is now very bullish as chance of UK leaving EU is looking lower than previously according to the polls and betting websites...
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Why is this a pessimistic bat pattern?
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GBPJPY at an interesting zone for short but no confirmation yet.


I agree but need confirmation for short. Both USDJPY and GBPUSD are bullish now.
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Thanks Jack. I am pleased to be learning from you. looking forward to the course in June.
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tntsunrise TOP HumphreyNR
you are most welcome!
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waiting for PRZ.
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i will sell 161.21 TB 157.83
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which frame are u using please?
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the B must close below 50% XA to be a true BAT pattern.
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38.2% is also OK.
+1 Reply
sanmed02 tntsunrise
alright sir.
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Great Idea, but I will wait for the confirmation...
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wish you the best! cant wait to join your upcoming course.
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tntsunrise TOP WilliamsValera
welcome!
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WilliamsValera tntsunrise
jack it hit my SL should i go back in? TY
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Thanks for this, i shorted a bit early on this at 161.71, going to be intresting to follow.
I got tons of learning to do that much is sure, so i´ll keep looking for tips like this.
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remember, u can create your position by seperate order.
+1 Reply
AndresSigala AndresSigala
I posted privately and I dont know how to make it public.
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tntsunrise TOP AndresSigala
when u publish, at the right bottom coner, there is a lock button, unlock it you will publish public
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AndresSigala tntsunrise
thank you
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Great call: I missed the initial entry but have gone short @ 16122 on the re-test. @B/E with +30 and ideally looking for hourly close below 16050 :)
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Hello Jack, Is the short position for this pair still viable?
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sanmed02 Tunghama1
yeah! it's ...
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Tunghama1 sanmed02
Thanks sanmed02
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Hi Jack Great work as always. Is the TP1 and TP2 still the same as the original post
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Miz andreweva1
Not looking too great
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dun be scarred by market move. whether it looks good doesnt matter, what matter is whether it is going to hit TP or hit SL
+1 Reply
Miz tntsunrise
thanks for the confidence jack, I have sl set at 161.823 (just above the x)
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Hi Jack,
GBPJPY still pushing up, no weakness yet. Price can not close below 160.49

What do you think?
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yh its not looking good this pull back might not come
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bunah2 jafbash786
Jack, Look at it now, It is dropping without me. I exit my trade, :-(
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Nila 3la El afkar El khara, enta sabab khrougy men el souq
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Hi Jack price has surpassed the posted entry levels and x price...stand aside?
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Hi, I could see one more BAT in the recent PA. ;)
Short Term and Mid  Term BAT Patters
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Waiting for 1.618 ext at 162.746 to enter short. Bear divergence at RSI 240M. Almost there
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i already entered as a short from 160.4 what can i do now ? Thanks .
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its not valid anymore, the point D exceed the XA leg !:
+1 Reply
you understand wronlgy. It is the X A B C 4 points to measure whether it is valide or not. not D. D is the entry level. It's possible that D point may exceed the X point.
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Equal PRO tntsunrise
Did you enter at SL point ?
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Above the X point.
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Equal PRO tntsunrise
"SL should be above the X point"
So you enter at SL point
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what does the word "ABOVE" mean?
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Equal PRO tntsunrise
I just want to say you have ideal enteries on your charts. And sometime they going from SL points.
I took long after you post this idea and i hit TP on SL point.
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you are smart. that is the way.
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as long as XABC meets the requirement, then the pattern is valid. a valid pattern will come as two result: lose or win.
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sanmed02 tntsunrise
I had this trade on mind I set the SL just above the X. but my SL got hitted :/
+1 Reply
need to added some breathign room for this pair. the ATR is 100 piips already.
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sanmed02 tntsunrise
can you give a look to my gbpusd analysis chart
gbpusd

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LOOKS GOOD
+1 Reply
sanmed02 tntsunrise
I am waiting for the breaking out the next structure, if its happens then will short .
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look at the charts now. Jack was right!
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is it ok to enter right now going short?
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no. buy low sell high. u short now u are not selling high
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drleonidas tntsunrise
do we still hang on till 157.5?
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tntsunrise TOP drleonidas
can tp half already.
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drleonidas tntsunrise
thanks jack! your read on this was awesome! Luckily I hung in there all the way to the end and I set a higher SL haha
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Great call on the short even if I missed the long! Thanks Jack!
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tks
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Yes!!!!!amazing!!!thank you!!!
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Thank you
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very nice! i missed it...
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Got stopped at B/E two days ago but really glad it worked out.. I clearly need a bigger stop or sell highest point...but well done Jack!
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tntsunrise TOP livethedream
actually yesterday there is a Short opportunity to enter, a Pin bar
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livethedream tntsunrise
I know...and double top (high) was a great entry with small stop loss. Still learning to trust the set ups but have been impressed as can see when they work ...they work well :) and therefore risk/reward is good too.
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FaresKhaled tntsunrise
wellcome sir im new in forx mareket and i well lean fror u the good anylis for chart to read good i hope that thx for u
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FaresKhaled FaresKhaled
good mooring sir u are very good chat and analiyes
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Wow... Finally! Thanks Jack
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What a good day to start Jack. Big win early in the morning! Thanks for the insights!
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congrats!
+1 Reply
Damn i wish i had seen this last week
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thumb up
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Hello Jack! Will there be another long opportunity coming? Thanks.
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yes possible. will publish idea if i want to long
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mchilado tntsunrise
Thanks again!
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