Hey, mates. Here's the third part of the research work I did about two years ago. I classified the bats according to the criteria presented on the chart. Then I backtested every type on 5M chart and 5-year period, calculated its accuracy to hit the 0.382AD before 1.113XA. These are the nimbers for GBPUSD pair. Feel free to check the previous parts. I attach them...
Hey, mates. Here's the resaeach work on bats that I have done about two years ago. I described the bats according the criteria mentioned on the chart. Then I did a backtesting of them on 5 year paeriod 5M timeframe. In this part of my research I post EUGBP pair results. Hope, you will find it useful. Hit the like button if you want me post similar stuff further.
Hey, mates. Here's the research work on bat patterns that I have done about two years ago. I described the bats according to the criteria mentioned on the chart. Then I did the backtesting of 5 year period on 5Min timeframe on different pairs. This one is AUDUSD results. The percentage shows the probabilty of price to hit 0.382AD before it hits 1.13XA. If no...
Gartley Advanced formation
Tools:
*Fibonacci retracements (61.8% and 78.6%)
*Fibonacci extension (127.2%)
Timeframes:
*The Gartley Advanced formation was originally designed as a swing trading strategy. But it also works on lower timeframes.
Tactics:
*Seek to identify 4 market moves and 3 major Fibonacci zones. The combination of these moves forms the...
Cypher advanced formation is the most accurate formation among all advanced formations. It is about 70% accurate if identified correctly. The ONLY correct way of identification is as follows:
1. B-point must touch 0.382XA but should never close beyond 0.618XA
2. C-point must touch 1.272XA but should never close beyond 1.414XA
3. D-point is 0.786XC and it must be...
Hello, everyone. Welcome back to another edition of "thoughts about bat pattern". Today we'll continue discussing bat pattern types. We'll look at SNSI and SFSI types. They are very similar to HSNSI and HSFSI I talked in my last edition:
As you see the difference is only in XA leg.
With that being said let's skip to some statistics.
As usual I will first remind...
Hey, traders. Welcome back to another edition of "thoughts about BAT pattern". Today we'll continue to discuss bat pattern types.
We already know about Four types:
HSNSP see it here:
SNSP see it here:
HSFSP see it here:
SFSP see it here:
These four have two common features. Their CD leg is not interrupted by a retracement more than 0,382AB and their...
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...
