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FullTimeTrader
Feb 25, 2015 3:51 PM

GBPUSD-H4-update-still short Short

British Pound/U.S. DollarFXCM

Description

Im still short on this pair. The gartley pattern failed but today the bat pattern was respected to the pip.
Good luck.
Comments
Samtastico-PRO
Take a look on the 15 min chart for the smaller BAT pattern forming inside the lager BAT PRZ
MisterTrader
A more detailed version of my analyze, for your information. Hope it will help, please share your comments :)
tradingview.com/v/sNO0Z2bR/
GcNaif
yeah bat looks good so far ,
nonobeijing
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
thanks for the message , for bat B can be between 38-50 of XA
nonobeijing
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:
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
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.
GcNaif
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
nonobeijing
Thank you guys.
MisterTrader
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 :)
Cheers
tradingview.com/v/MgGkTq0A/
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