FX:GBPJPY   British Pound / Japanese Yen
94 3 4
GBP/JPY             has a very deep bat pattern setting up @ 132.15. Looking for T1 @ 131.45
Trade Closed +50 pips
Reply
I believe d present candle indicate bullish continuation
Reply
holladaygolf PRO simple_fxschool
Maybe, but when you trade patterns you should not look at the last candel of the pattern to determined if you should or shouldn't take a trade. This trade may be a loser, but what I can tell you is that in back testing this pattern has a win ratio of 65%. I know that as long as I take every bat pattern I see, in the end, I will make money. If I start to skip trades just because I don't like how price action got to my entry point then I start to influence my win to loss ratio and turn a winning strategy into a losing one.
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out