As I mentioned in my Weekly Webinar Yesterday
This GBPUSD's BAT pattern is completed today
and Our Buy is in profit now.
This is a High Quality Trade which give you :
1. good entry
2. clear SL
3. Nice risk/reward Ratio
Power of 0.618
Trade closed manually:
Break New Low, Trade Exit
Trade closed: stop reached:
Follow up, the bat pattern failed but manage to sell the break-down and pull back
IT'S SO FUNNY TO ME THAT ALL THESE PEOPLE COMMENT WHEN YOU LOSE A TRADE LIKE THEY HAVE NEVER LOST A TRADE IN THEIR LIFE!!! SOOO FUNNY HOW ABOUT ALL THE OTHER WINNING TRADES??? IF ALL OF YOU ARE SOO GOOD THEN WHY ARENT YOU ON TOP OF THE TRADINGVIEW LEADERBOARD!! AND SHOWING YOUR TRADES BEFORE THE RESULTS ARE DONE??
@tntsunrise, Such patterns are mostly unreliable as you should see. If one is going to trade against a trend, it is better to do so at areas of supply and demand. Otherwise, your money will fly away with the bats, into the nets of the banks and large financial institutions who are very good at setting such traps.
@kardia, Nope. They are very reliable to me. you think it's not reliable coz you haven't back tested. Based on the patterns I have already made many winning trade. and I published in Tradingview for recording purpose. If you have done as many back testing of these patterns you will have some new conclusion.