Hi Guys,
This is a weird looking CYPHER Pattern but still a valid one according to my trade plan. I didn't spot it till about an hour ago and saw that the market did not violate the X leg but actually bounced off of it so we know that the support level is pretty strong and therefore we can buy. The Risk to Reward ratio for these trades are much better but hardly...
Hi guys,
I actually studied the Gartley pattern from a book named "Trade What You See" by Pesavento. It uses the Gartley pattern in conjunction with the famous AB=CD pattern giving us a nice trading range maybe to "dollar-cost-average" into a trade, reducing overall risk.
Back to the trade idea, it is a bearish GARTLEY pattern @ 0.9595 in which i would have a...
Hi guys,
I thought I would share a pattern I am most fond of, the BAT pattern . I admire this setup because it mainly follows the overall trend and takes into account major support and resistance levels. As a strong believer in economics and harmonics, I believe this pattern gives 2 things which most traders strive for: 1) Good risk-to-reward and 2) Good win...
Hi guys,
I thought I would share a pattern I am most fond of, the BAT pattern . I admire this setup because it mainly follows the overall trend and takes into account major support and resistance levels. As a strong believer in economics and harmonics, I believe this pattern gives 2 things which most traders strive for: 1) Good risk-to-reward and 2) Good win...
Hi guys,
I thought I would share a pattern I am most fond of, the BAT pattern . I admire this setup because it mainly follows the overall trend and takes into account major support and resistance levels. As a strong believer in economics and harmonics, I believe this pattern gives 2 things which most traders strive for: 1) Good risk-to-reward and 2) Good win...
If you check my post from 12 days ago of the AUDUSD you can see it hit where I predicted. I'm looking for it to retrace most probably or perhaps break the light blue box. Keep up and have faith and patience; look back on my previous AUDUSD it will help you to understand thanks leave feedback.
Read structure of the market first. Structure is the market language. Use patterns to initiate your trades only when you have an idea of what direction the market is more likely to go. Cheers)
hey traders. Here's a bat pattern. Nice opportunity to enter long. Those of you who is somehow familiar to this pattern know it's effectiveness. It's about 60% accuracy. This pattern provides very low risk as compared to reward. usually it is 1 to 1,3 for target #1 and 2,2 for target #2. Having such a risk to reward ratio you don't need to be right more then 50%....
