Today we have EUR/GBP on the 1h chart with a bearish BAMM (Bat Action Magnet Move) setup in combination with a bullish bat pattern. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 I understand the BAMM theory will be relatively new to most traders, I've posted a few charts...
All potential trade setups shared yesterday are still valid Similar to USDJPY and USDCAD, take note of Yellen's Speech later
1) A potential small Gartley is forming @ 0.7646, with stops just above 0.7655 2) A break of 0.7655 (stops for the Gartley setup), is another setup of Scott Carney's BAMM theory 3) Riding the BAMM setup, towards the bigger Bat setup @ 0.7706
AUDNZD has broken through the bullish channel center line and countertrend resistance. There is also a missed daily pivot above price which may add to bullish bias. Watch for resistance around the top of symmetrical triangle, BAMM line, and top of the rising channel. Entry is placed at the retest of the trendline with targets at bat point B and bat completion. ...
NZDUSD has retested a BAMM line and in doing so has completed a bearish Wolfe Wave. Going short here would target the completion of the Bullish Bat which coincides with both a missed daily pivot and the EPA/ETA combination from the bearish Wolfe Wave. Market entry used with SL above structure highs and target at the completion of the bullish bat pattern.
GBPCAD is presenting an opportunity to trade a combination of bat action magnet move lines toward a cluster of missed pivots. Trade will be triggered after a candle closes below the BAMM Line (Body) with SL near structure highs. If price should continue to make new structure lows I will move the SL and update the chart accordingly. T1 is at Bat 1 completion and...
To create a major up trend you need to see the extremes of this process at work. (Volume spread analysis) Here we have a potential succesful test where major players test the water to see if there is any supply before they will initiate a big move. Besides that, we have a potential Dragon Pattern with a Bullish RSI Divergence and we can almost call it a bullish RSI BAMM
Hey, traders. Recent HL was violated to the downside. Not a downward trend yet bur a sign of probable reversal. Being a part of bat pattern this kind of setup is called BAMM (Bat Action Magnet Move). BAMMS usually traded in anticipation of BAT completion. This time BAMM rules coinside exactly with 2618 trade rules. After BAT pattern is completed there's a high...
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
trading is a game of probabilities. Confluence of strategies gives you additional edge.
Update: gbpaud has shown no respect for the PRZ. I am abandoning this trade. Looking to get out at my entry point. GBP has been on a tear vs the AUD. This is the first RSI BAMM set up we have had on the weekly chart in years. First there is a complex RSI formation back in January 2014, 50 RSI was breached, and now we are back above 70. There is also a beautiful...