BAT has broken the medium-term upward trend at this time and therefore by market structure we can wait at 0.78% in fibonacci since it is support by structure and price action to be in soprtes it would be very interesting to invest to be able to have an acceptable profitability greetings friends
- (AB) has to cross the 0.5 of the (XA), but cannot touch to 0.618 of (XA) - (BC) has to cross the 0.618 of the (AB), but cannot close above of A - (CD) is expected to be flagged at 0.886 of (XA) - The first target is the 0.382 of the A to D - The second target is the 0.618 of the A to D - Stop is usually put to 20 pips below of X
In my previous idea i had posted about the bullish bat , which in due process got its PRZ violated and got morphed into a bat... Herest is the current bullish crab in formation...https://www.tradingview.com/chart/BTCUSD/3Xk8coRL-Few-more-candles-to-Cavalry-Charge/ Here is the failed idea... Disclaimer... For educational purpose onlyNot an investing/Trading recommendation
When looking for harmonic patterns, its better when we find and trade perfect ones (Its our money and should take care of it) They are rare but offer the HIGHEST probability trades, its almost ATM CASH! For example, this perfect bat ocurred on EURGBP-M1 chart (i remember i traded this one live) There are six requirements for a perfect bat. You can see on...
Here is a perfect example of how neutral sentiment can be in the markets on the DAILY TIMEFRAME. SCENARIO 1 Lets suppose we are anticipating a BAT formation, which hasn't fully revealed itself, but we want to anticpate trade opportunites. The CD LEG of the BAT presents a great shorting opportunity because of previous structure shows a level of resistance. ...
After Shark pattern's target , there is a 5-0 pattern. After 5-0 pattern's target, there could be a emerging bat pattern. The fibonacci numbers is not exact true. This image just showing the trade opportunities after shark pattern. In essence the Shark is an emerging 5-0 pattern that you trade from C to target D. (target D is not shown in the diagram above - it's...
Trading with BAT pattern.
Price Rules AB=0.382 or 0.50 XA BC=0.382 or 0886 AB CD=1.618 or 2.618 BC AD=0.886 XA
According to my backtesting this is how you don´t trade patterns. Do your own backtesting to corroborate this idea. Good trading :)
Bat Pattern: Is a retracement Pattern and a trend continuation pattern. As market consolidates Bat pattern gives you a lower price on where to trade with minimal of risk as prior to a continuation of the market trend. Rules or Fib Ratio of Bat: XA point - impulsive leg - ideal AB point - 38.20% to/but not equal to 61.80% XA leg Price touch 61.80% XA leg...
Rules 1) Tp1 = Fib 38.2 2) Tp2 = Fib 61.8 3) Stop = MAX Tp1 ( as pips) 4) Open order with %2 Risk Management 5) Close Half at TP1, Stop to BreakEven 6) Close all at TP2
Rules 1) Tp1 = Fib 38.2 2) Tp2 = Fib 61.8 3) Stop = MAX Tp1 ( as pips) 4) Open order with %2 Risk Management 5) Close Half at TP1, Stop to BreakEven 6) Close all at TP2
Rules 1) Tp1 = Fib 38.2 2) Tp2 = Fib 61.8 3) Stop = MAX Tp1 ( as pips) 4) Open order with %2 Risk Management 5) Close Half at TP1, Stop to BreakEven 6) Close all at TP2
Rules 1) Tp1 = Fib 38.2 2) Tp2 = Fib 61.8 3) Stop = MAX Tp1 ( as pips) 4) Open order with %2 Risk Management 5) Close Half at TP1, Stop to BreakEven 6) Close all at TP2
Hey, gyus. Here's the research work on bats I did about two years ago. I classified bats according to the criteria mentioned on the chart and backtested every type. I used 5 min charts on 5 year period. This time I present you eurusd results. Every pattern was found and measured manually.
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...