Max_N
Long

USDCHF BULL BAT PATTERN

FX:USDCHF   U.S. Dollar/Swiss Franc
249 11 10
BULL BAT
Great setup! Looks like two more patterns lining up in this PRZ as well: Deep crab + Crab + Bat
snapshot
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Max_N glennmercer
a year ago
Nice pattern confluence!
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Alexander_Nikitin TOP glennmercer
a year ago
Mate, it seems to me you have your own ratios for crabs and bats. Could you please tell me what are they?And please tell me how many winners of these patterns you have if you traded 100 of them?
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glennmercer PRO Alexander_Nikitin
a year ago
It would be great to have more information on the efficiency of each pattern. I don't use anything unconventional although the deep crab is less common (B point retraces to .886, C and D obey conventional crab guidelines). Here are the ratios:
snapshot
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Alexander_Nikitin TOP glennmercer
a year ago
Crab is know as failed Gartley. It's B-point can never touch 0,786XA. If it does then it is Pasavento Butterfly. That is the core of my doubts)). If you want to have more information on the efficience of each pattern that means you do not have it for the moment. If you do not know the probabilities then you are not trading but gambling. See what I mean?
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glennmercer PRO Alexander_Nikitin
a year ago
Thanks for your input, you are correct. Although Carney discovered the original harmonic patterns, there have been variations discovered after the Harmonic Trading series release. Unless each pattern has been backtested (long and short) for each pair it is impossible to know the exact efficiency of each, but I don't believe it is fair to call this gambling. If your winning % is greater than 50% and you trade with a R/R greater than one, you are incorporating rationale instead of a "hunch" as you would with gambling. This is just what I believe. If you have the efficiency of each pattern please share that with the community, that is wonderful information.
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Alexander_Nikitin TOP glennmercer
a year ago
You are to visit page and read "Thoughts about Bat Pattern" series. I have lots of statistics there. I rather prefer to know then to believe)
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If you are going to enter it with limit order then your b-point must be not less than 0,5XA. Move it to the right a bit and you will have it)). If you trade bats that have B-point less than 0,5XA then you should look at priceaction in PRZ as Scortt Carney suggested when he invented Bats)). cheers)
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ccake28
a year ago
Hi.. So u long now or wait until the pattern complete? sorry I'm a newbie
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Max_N ccake28
a year ago
Wait for the pattern complete.
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ccake28 Max_N
a year ago
Thank you
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