Price action made a series of higher lows and higher highs thus forming an uptrend. Typicly trend resumes after ABCD part of the bat is formed.
hey, traders. We gat a bat pattern of HSNSI type setting up on gbpusd. This type has more than average bat's profitability on gbpusd. So, if it completes - I'm in. As usual, stops need above X. Target at 0,618AD. When 0,382AD is hit close half and move stops of the other half to breakeven. Good luck.
Welcome back, traders. It’s Wednesday and we have another edition of “Thoughts about Bat pattern”. Today we’ll discuss batpattern types. Or… If we treat bats a vivid creatures I’d better say species)). But first we should talk about backtesting. I do backtesting in three passes. The first pass is called eye-test. It’s quick. You need to draw your pattern and see...
Welcome back, traders. It’s Wednesday and we have another edition of “Thoughts about Bat pattern”. Today we’ll discuss some specific way of trading BATS. I call it BBS. What does this abbreviation mean? It stands for Back to Back Setup. I was first discovered by me when I was backtesting Gartleys. I have noticed one interesting thing. Sometimes gartleys appear...
Hey, trader here are the opportunities that bat pattern gives us. Notes are on chart. If you want to know more about BAT pattern trading, visit my "thoughts about bat pattern" series. Last edition is attached as related idea. Tomorrow we'll have a next edition so watch closely my posts
AUD/CHF - Daily Chart - Bat Pattern Here on the daily chart of AUD/CHF we have nice Bat Pattern setup. With a D leg completion of the Bat Pattern just above historically the lowest price, this structure support should hold and act as a solid reversal zone. Taking a Fibonacci of the C to D leg gives us a .382 Target 1 at structure resistance, which is a...
EUR/USD - 4H Chart - Bat Pattern Here on the 4h chart of EUR/USD we have nice Bat Pattern setup. We have to be cognizant of the Greece situation, however it shouldn't effect our trading plan. Due to expected volatility a sell limit order will be set closer to the D leg completion. We must see a completion at D leg ( 1.123 ) before any short entry is...
EUR/USD - Daily Chart - Gartley Pattern Here on the daily chart of EUR/USD we have deep Gartley Pattern setup. We have to be cognizant of the Greece situation, however it shouldn't effect our trading plan. Due to expected volatility a buy limit order will be set closer to the D leg completion. We must see a completion at D leg ( 1.064 ) before any long...
Sell it at market. Stops need to go above X. Target is C-point retest. When B-point is reached close half of the position and move stops of the other half to breakeven. Have a nice day.
We first go up to complete BAT, then we go down. Notes on chart. See related ideas link for more detailed explanation.
Welcome back, traders. It’s Wednesday and we have another edition of “Thoughts about Bat pattern”. Today we’ll talk about a very weird thing called BAMM. My backtesting, forward testing and real trading pointed to a very interesting phenomenon. I have noticed that when price action violates B-point, it usually goes to 0,886XA to complete the bat pattern. Of...
Despite going 0 for 2 (with 1 breakeven) in my swing trading today, I was able to nail both of the trades taken during Tuesday’s Live Trading Room session. It also just so happened that both of the trades taken were on the same pair and occurred right after each other. This doesn’t happen on a regular basis, but often enough for me to understand exactly how to...
Bear bat. sell limits at D. Target at C. When B is hit, close half of the position and move stops of the other part to breakeven.
Sell at market. stops above X. When 0.382AD is hit - move stops to breakeven. To know more about bat pattern check my "Thoughts about bat pattern" editions. Links are attached as related ideas))
GBP/USD - 4h Chart - Bat Pattern Here on the 120m chart of GBP/USD we have another nice Bat Pattern setup. We must see a completion at D leg ( 1.564 ) before any short entry is triggered. - SL must go above X - Target 1 at 38.2% retracement - Target 2 at 61.8% retracement Good luck.
AUD/USD - 120 Chart - Bat Pattern Here on the 120m chart of AUD/USD we have another nice Bat Pattern setup. Being on the 1hr chart we are still around 100 pips away from completion, however it is more beneficial to be 1 step ahead at all times. We must see a completion at D leg ( .7619 ) before any long entry is triggered. - SL must go below X - Target...
Hey, traders we got a bat pattern setting up on aussie. Buy limits at D. First target at B and the second target at C. Good luck