mc.blaze2
Short

Small bat pattern on the 15 min gbp/usd

FX:GBPUSD   British Pound / U.S. Dollar
112 30 0
Small Bat pattern for the day trading timeframes
Hand circled demand area to left of price was hit - still bearish until price can start breaking supply going up
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kate25 kate25
I would be looking for price to cross back above pivot low and target the top green supply box - that is the origin of this initial leg down. The demand area is roughly 33 pips deep and the target is to the first green zone bottom 150 pips and the second green supply 340 pips - I like the risk to reward
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How exactly is the method behind this, it looks like when there is consolidation you trade these areas, but whats the difference from this to just trade simple Support / Resistance levels? With impulsive corrective legs?
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kate25 ThomasJeff_DCM
When I first started learning this method I discounted as consolidation - however their is a fair amount to understand or at least to wrap your mind around when using this style - James Powell has the SD page on TV here - several good traders there - they can explain it better then me -
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kate25 ThomasJeff_DCM
I see you have some published charts out - I started working on one to follow along - let me try again to get one done to follow along - if ok
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Yes please do, i will start following you i like your charts and would like to understand the supply demand better versus consolidation and impuls legs.
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kate25 ThomasJeff_DCM
James Powell supply and demand Chat on TV - I will look through your published and see if I can get something together here shortly
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kate25 ThomasJeff_DCM
I do not publish anymore - you will find my charts attached as comments to other traders - but thank you for following me
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sorry Kate i dont im just waiting for a bat completion on the 4hr usdchf
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