GBPUSD-H4-update-still short

FX:GBPUSD   British Pound / U.S. Dollar
782 10 18
Im still short on this pair. The gartley pattern failed but today the bat pattern was respected to the pip.
Good luck.
Take a look on the 15 min chart for the smaller BAT pattern forming inside the lager BAT PRZ
A more detailed version of my analyze, for your information. Hope it will help, please share your comments :)
yeah bat looks good so far ,
Sorry, but don't you need to get a XA retracement of at least 50% to make B? According to my measurement on the graph, we get a bit more than 38.2%.
GcNaif nonobeijing
thanks for the message , for bat B can be between 38-50 of XA
Hi GcNaif, At first I thought I was going to prove you wrong, because I purchased the Advance pattern course from Jason Stapleton where (I watched again) says "MUST touch the 50%,, cannot touch the 618". Then I checked on baby-pips, and here:
http://www.yourtradingmentor.com.au/harmonic-trading-part-12-bullish-bat-pattern/ and all these websites agree with you. So I am quite confused on why Jason would say that. Maybe he was talking about the Bat patterns he trades (with better probabilities of success). I will ask him. Thanks you.
FullTimeTrader nonobeijing
Hello, as i trade, the B can be between 38-50 of XA leg (but not touch 618). This is the more important rule. Having clear this main rule, each trader can define his own rules with better probabilities.
+1 Reply
GcNaif FullTimeTrader
agree with your comment FullTime . nonobeijing: some people they trade BAt only and only if B is 50%. as fulltime said trader can define their own rules that fits them
+1 Reply
Thank you guys.
So do I, since 2 days, analyze on Daily, it's very helpful to see your analyze on 4 Hours.
I wish you the best, we are on the same train, let's see what gonna happen :)
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