The Bat Pattern , is a precise harmonic pattern discovered by Scott Carney in 2001 The pattern incorporates the 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg. The Bat utilizes a minimum 1.618BC projection. In addition, the AB=CD...
BEARISH BAT Vs BULLISH CYPHER Vs BEARISH GARTLEY
Following USDJPY posted before this, expecting this strat to play out on gold until 1PM - 3PM. May trade the reversal not looking to jump in on this now.
Looking for longs on USDJPY going into NY session, DXY chart looks the same and is forming a Right Shoulder atm. Will be watching this pair closely along with DXY between 11AM - 1PM GMT on the lower timeframes for an entry should this come through.
The Butterfly pattern , is a harmonic pattern discovered by Bryce Gilmore using his Wave trader software program. The pattern structure was further refined using specific Fibonacci levels by Scott Carney which he outlined in his book 'The Harmonic Trader', published in 1998. The Butterfly pattern must include an AB=CD pattern to be a valid signal. In general,...
The Bat Pattern , is a precise harmonic pattern discovered by Scott Carney in 2001 The pattern incorporates the 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg. The Bat utilizes a minimum 1.618BC projection. In addition, the AB=CD...
The Alternate Bat pattern is a precise harmonic pattern discovered by Scott Carney in 2003. The pattern incorporates the 113% XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be a 38.2% retracement or less of the XA leg. The Alternate Bat utilizes a minimum 200% BC projection. In addition, the AB=CD...
The Butterfly pattern , is a harmonic pattern discovered by Bryce Gilmore using his Wave trader software program. The pattern structure was further refined using specific Fibonacci levels by Scott Carney which he outlined in his book 'The Harmonic Trader', published in 1998. The Butterfly pattern must include an AB=CD pattern to be a valid signal. In general,...
Day Candle shows Bullish setup. 4H candle shows Bullish setup. 15m candle shows BULLISH ENTRY SETUP. Watch for a current Bullish Reversal candle close pattern on 15m candle @ 137.74 then BUY
DAY CANDLE SHOWS BULLISH SETUP 4H CANDLE SHOWS BEARISH PULBACK SETUP 15M CANDLE ENTRY BULLISH SETUP Watch for a current Bullish Reversal candle pattern on 15m candle then BUY
Three Little Mountains Rivers Trading Strategy Again, this strategy doesn’t require any professional trading indicators. The Three Little Mountains 3 Rivers trading strategy is a pure price action trading strategy that has the potential to reward us instantly. The rules for this setup are pretty simple (sell signals): First, you need three consecutive...
Three Little Mountains Rivers Trading Strategy Again, this strategy doesn’t require any professional trading indicators. The Three Little Mountains Rivers trading strategy is a pure price action trading strategy that has the potential to reward us instantly. The rules for this setup are pretty simple (sell signals): First, you need three consecutive symmetrical...
The Holy Grail Trading Strategy Now, the name of this trading strategy may be controversial, but it’s a simple strategy that everyone can use. The professional trading tools you need to use are: Average Directional Index (ADX) indicator 20-period moving average The Holy Grail trading rules are simple to follow See the rules for buy signals: ADX must break above...
Best Pivot Point Strategy PDF Pivot Points are one of our favorite trade setups. We’re going to show you what the best method is to trade pivot points through our best pivot point strategy PDF. The pivot point strategy doesn’t require significant trading capital. It can yield positive results right away. More often than not retail traders use pivot points the...
Bearish Reversal Candlestick The inverse is true with this type of formation in a bearish scenario, and the image above shows that price made the highest high before reversing and closing strongly lower off its highs. Here's what a bearish candlestick is telling us: Price made a new high, but buying pressure very quickly dried up as an increase of sellers...
1 of 3 Candlestick Patterns That Pinpoint Reversals. When I'm analyzing a market, there are only 3 candlestick patterns that I'm worried about. Over the last decade, they have proven to be the most accurate at confirming entries at the areas I want to trade. 1 - BULLISH REVERSAL CANDLESTICK PATTERN. The image above shows a bullish reversal candlestick, and you'll...
Due to the Monthly TF Line in the Sand analysis I will be looking for Bearish entries above the line and Bullish entries below. The 50% retracement strategy that I use is a very simple construct that can be applied on any time frame. It is in fact the reason for the line in sand based on the Monthly time frames most recent swing high/low. This 15m example...
PRICE HAS REACHED A CRITICAL LEVEL! The Bears need an injection of new shorts to continue the bear trend from the Financial crises of 2008. The Bulls require an injection of new longs to counter the renewed bearish sentiment. Moving to lower time frames, Price Action begins to show the significance of this level.