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Alexander_nikitin

16 types of Bat advanced pattern by Alexander NikitinHey, mates. Here's the research work on bat patterns that I have done about two years ago. I described the bats according to the criteria mentioned on the chart. Then I did the backtesting of 5 year period on 5Min timeframe on different pairs. This one is AUDUSD results. The percentage shows the probabilty of price to hit 0.382AD before it hits 1.13XA. If no number - this means no patterns of this type were found or the quantity is extremely small to show some relevant statistical results. Enjoy it. Next time I will post other pairs, so follow me to be notified:)
Education
by Alexander_Nikitin
79
a bat and a gartley on AUDUSDHey, mates. This is actually an update of my recent "AUDUSD potential bat advanced formation" idea. As you see, price didn't hit my entry and went to the upside. In this case I cancel my limit orders. So, the bull bat here is invalid. But we have a bear bat and a bull gartley setting up on this pair. Which one will complete? Who knows... But whatever completes my orders are ready. As usual you will find entries stops and targets in attached screenshot in comments. Good luck.
by Alexander_Nikitin
4
EURAUD bat advanced patternHey, mates we have a bat advanced pattern here. Note the previous market behavior - we had a series of higher highs and higher lows. Now the XA leg drops below the previous lower low thus giving us a bearish rotation. This is the exact situation described by Harold M. Gartley on the page 222 of his book "Profit in the stock markets". He describes the probabiltiy of the setup as "worth trying" because 70% accuracy. I attach the screenshot of this trade with entries, stops and targets in comments. Feel free to check it. Have a good day.
Short
by Alexander_Nikitin
3