kopparam
Long

gbpusd, 60, possible bat pattern

FX:GBPUSD   British Pound/U.S. Dollar
340 11 7
a year ago
Buying @ market ,for completion of Bat pattern.

Trade provides good RR.

Good Luck !
a year ago
Comment: Trade active @ 1.4245
a year ago
Comment: stops @ breakeven
a year ago
Comment: target achieved ...........................banked 95 pips.
kosai19
a year ago
You make a lot of really good calls... but from your charts I have no idea how you see these swings... do you teach?
Reply
kosai19
a year ago
I should add that you can also exit 1/3 at 2.0 RR in order to make the stops break-even without allowing the market to trigger a break-even stop... since very often it returns to do that before reaching targets. It's another way of trading these patterns.
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FxSaint
a year ago
great trade :)
Reply
tmanuelasorina
a year ago
this is not a bat pattern
Reply
kopparam tmanuelasorina
a year ago
can you elaborate.
Reply
tmanuelasorina
a year ago
the retracement fromABl must be between o,382 and o,886and here on this chart your retracement is 0,995.so the bat pattern is imvalidated
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tmanuelasorina
a year ago
ok its clear mister?
Reply
kosai19 tmanuelasorina
a year ago
One thing about the markets is that things are often hidden in plain sight. Any experienced trader has realized this. One conclusion most people make is that the highs and lows are the "real" levels. That's why you can have patterns that fall outside the exact definitions and yet still work. It's often because the highs and lows used are the wrong ones.
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kopparam tmanuelasorina
a year ago
its a minimum requirement ,BC price should not trade below point A. so still its a valid bat pattern.
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tmanuelasorina
a year ago
where did you read this?
Reply
kopparam tmanuelasorina
a year ago
by experience, what you read on internet or other source is their experience, market is dynamic you have to evolve with it to be successful trade.
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