chrystael
Short

RECLAIM BEAR BAT IDEA

FX:USDCAD   U.S. Dollar/Canadian Dollar
102 15 1
FOREX

this trade was made and forgotten though if i had entered the market with my order set, i would not have been stopped out as my stop loss was a bit higher than where the market retraced.

now the market has come back down after a break out from the range which she was trading. i hope it to continue and i base my idea on the likely new range it might be trading for while before it does any other thing.

once the market opens on set you orders at 1.27552 price for it to be triggered there and have your take profit at 1.26535 for about 100 pips profit as the TP2 while your TP1 at 1.27030 if you wish to have two positions but if one, try to protect your profit at the TP1.

also, note, when your TP2 is gotten dont go out of the market, trail it and try to see if it can go a bit deeper for more profits and there trailing to protect you already gotten TP2 so that if it does not you still have you TP2 profits.

good entry

good R:R

good luck

BINARY OPTIONS

when market goes to that point of entry, make a PUT or SELL or DOWN option for the expiration of the End of The Day.

good entry

good portfolio sizing

good luck
The pattern is defenitely invalid. Bat patterns never touch X. No matter what. If the stoploss is huge enough you won't ever be stopped out. Thinking this way, every pattern is be valid.
Reply
the X was exceeded its an invalidity for me
Reply
chrystael FeelsFX
yeah it does but let me ask you a question.

if you were in the trade and you are not stopped out what would you have done? would you say it is invalid?

i have made several trades like this and they trade...you could check my past ideas on USDJPY and you will see it i think.

so here is experience man

good luck in trading man

catcha
Reply
FeelsFX chrystael
i see what you mean. I personally would never enter if the volatility is so huge at the PRZ. And about the price exceeding X... i personally see this situation like the situation where u are a hitman and u fail to kill someone with your gun but fortunately a car hits him...yeah he's dead, not according to the plan but he is dead...sadly there wont be a car every time you fail to kill your victim. same with the reversal after the invalidation of the pattern. i hope you catch my point
+1 Reply
chrystael FeelsFX
i get your point but market is very and very, i repeat very different from mere life illustration.

i will try to post the past thing i have done like this before so you can see and testify.

also, i may be right or wrong but the experience in most of the cases are rightly traded. please relax until i show you what i mean. being a professional is not a day's thing my friend.

also trade your strategy, dont deviate ok. keep to your rules i recommend.

however, you should not enter the market until all the conditions shown are fulfilled and after market open

thanks
Reply
chrystael FeelsFX
this is one of the trades that behaved this way:

BEAR BAT


GBPAUD.

i lost hope on this but at the same time some pips away to get me stopped out and when i saw it coming down, i had to enter a third position and play it to see how it rode.

i have had several of these mostly and most times they play well. mind you even first TP hit is ok cause i will trail stop loss for the second TP and will loose nothing if the market wont go further my way again.

BEAR BAT
Reply
chrystael chrystael
hope this helps
Reply
FeelsFX chrystael
yea i got you but this is gambling for me. the risk reward become really against my plan and if the move continues upwards its going to me losses bigger than i can afford
peace
Reply
FeelsFX FeelsFX
especially because i trade on higher time frames
Reply
chrystael FeelsFX
have you clicked on the links i provided and seen them yourself?

you could also go to my ideas and play them and see them.

you should look carefully where the SL is set man.

thanks
Reply
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