Hey, traders. I’m back and we have another edition of “Thoughts about Bat pattern”. Today we’ll continue discussing bat pattern types. I’ll talk about HSFSP and SFSP types. First, I will remind you average success rate of bat pattern. One has this rate if he trades EVERY bat he can find. As usual, three pairs for illustration: On eurusd it is 53,52%, gbpusd –...
Welcome back, traders. It’s Wednesday and we have another edition of “Thoughts about Bat pattern”. Today we’ll continue discussing bat pattern types. Today we’ll talk about SNSP type. SNSP bat type is the most perfectly looking bat type. Let’s decode the name. “S” – XA is not interrupted by a deep (at least 0,382AB) retracement. “N” – BC is straight. “S” – A and C...
Welcome back, traders. It’s Wednesday and we have another edition of “Thoughts about Bat pattern”. Today we’ll continue discussing bat pattern types. Or… If we treat bats a vivid creatures I’d better say species)). In my last edition I told you mostly how I discovered types but not about the types themselves. I got lots of feedback and messages asking me to...
TIP #3. This tip is mostly connected with the rules. You don’t need to invent your own rules, because all rules are already invented. You just need to choose a set of rules that suits best to your personality. How can you know what rules suit your personality? Do backtesting. Scroll the chart back in history and trade the Market using this set of rules as if real...