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Alexander_nikitin

gartley advanced formationGartley Advanced formation rules of engagement Tools : *Fibonacci retracements (61.8% and 78.6%) *Fibonacci extension (127.2%) Timeframes : *The Gartley Advanced formation was originally designed as a swing trading strategy. But it also works on lower timeframes. Tactics : *Seek to identify 4 market moves and 3 major Fibonacci zones. The combination of these moves forms the points (X, A, B, C, D) that fulfill the formation. Rules of engagement: Criteria 1 The Gartley Advanced formation starts with a market movement/impulse leg that establishes our X and A points. Once X and A points have been identified, we then look for our first criteria. Criteria 1: The market forms the B completion point by fulfilling at least a 61.8% retracement of the XA leg. Note : AB move remains valid as long as there is at least a 61.8% retracement of XA and that it does not touch the 78.6% retracement of XA. Only candlewick is calculated here. Candle close is not important. Rules of engagement: Criteria 2 If criteria 1 has been met, then look for criteria 2. Criteria 2: The market forms the C completion point by fulfilling at least a 61.8% retracement of the AB. Note : BC move remains valid as long as there is at least a 61.8% retracement of AB and that it does not touch the 88.6% retracement of AB. Only candlewick is calculated here. Candle close is not important. Rules of engagement: Criteria 3 If criteria 1 and 2 have been met, then look for criteria 3. Criteria 3: The market forms the D completion (entry point) by fulfilling a 127.2% extension of AB. Note : D point never extends past X. Trade management: Entry, stops & targets. Entry : Limit order is placed at D completion point. Target 1: 38.2% retracement of AD leg. When attained half of the position closes & stop moves to breakeven. Target 2: 61.8% retracements of AD leg. Stop placement: Stop always goes past X. Either 113% XA extension, or 1 ATR beyond X, or 78.6% of the 1st target distance above/below the entry.
Short
by Alexander_Nikitin
7
Potential bat advanced formationBat Advanced formation rules of engagement. Tools : *Fibonacci retracements (38.2%, 50%, 61.8% and 88.6%) Timeframes : *The Bat Advanced formation was originally designed as a swing trading strategy. But it also works on lower timeframes. Tactics : *Seek to identify 4 market moves and 3 major Fibonacci zones. The combination of these moves forms the points (X, A, B, C, D) that fulfill the formation. Rules of engagement: Criteria 1 The Bat Advanced formation starts with a market movement/impulse leg that establishes our X and A points. Once X and A points have been identified, we then look for our first criteria. Criteria 1: The market forms the B completion point by fulfilling at least a 50% retracement of the XA leg. Note : AB move remains valid as long as there is at least a 50% retracement of XA and that it does not touch the 61.8% retracement of XA. Only candlewick is calculated here. Candle close is not important. Rules of engagement: Criteria 2 If criteria 1 has been met, then look for criteria 2. Criteria 2: The market forms the C completion point by fulfilling at least a 38.2% retracement of the AB. Note : BC move remains valid as long as there is at least a 38.2% retracement of AB and that it does not extend past A. Only candlewick is calculated here. Candle close is not important. Rules of engagement: Criteria 3 If criteria 1 and 2 have been met, then look for criteria 3. Criteria 3: The market forms the D completion (entry point) by fulfilling a 88.6% XA. Note : D point never extends past X. Trade management: Entry, stops & targets. Entry : Limit order is placed at D completion point. Target 1: 38.2% retracement of AD leg. When attained half of the position closes & stop moves to breakeven. Target 2: 61.8% retracements of AD leg. Stop placement: Stop always goes past X. Either 113% XA extension or 1 ATR beyond X, or 78.6% of the 1st target distance above/below the entry.
Long
by Alexander_Nikitin
4
Potential bull bat formation on eurgbpBat advanced formation rules of engagement: Tools : *Fibonacci retracements (38.2%, 50%, 61.8% and 88.6%) Timeframes: *The Bat Advanced formation was originally designed as a swing trading strategy. But it also works on lower timeframes. Tactics : *Seek to identify 4 market moves and 3 major Fibonacci zones. The combination of these moves forms the points (X, A, B, C, D) that fulfill the formation. Rules of engagement: Criteria 1 The Bat Advanced formation starts with a market movement/impulse leg that establishes our X and A points. Once X and A points have been identified, we then look for our first criteria. Criteria 1: The market forms the B completion point by fulfilling at least a 50% retracement of the XA leg. Note : AB move remains valid as long as there is at least a 50% retracement of XA and that it does not touch the 61.8% retracement of XA. Only candlewick is calculated here. Candle close is not important. Rules of engagement: Criteria 2 If criteria 1 has been met, then look for criteria 2. Criteria 2: The market forms the C completion point by fulfilling at least a 38.2% retracement of the AB. Note: BC-move remains valid as long as there is at least a 38.2% retracement of AB and that it does not extend past A. Only candlewick is calculated here. Candle close is not important. Rules of engagement: Criteria 3 If criteria 1 and 2 have been met, then look for criteria 3. Criteria 3: The market forms the D completion (entry point) by fulfilling a 88.6% XA. Note: D point never extends past X. Trade management: Entry, stops & targets. Entry: Limit order is placed at D completion point. Target 1: 38.2% retracement of AD leg. When attained half of the position closes & stop moves to breakeven. Target 2: 61.8% retracements of AD leg. Stop placement: Stop always goes past X. Either 113% XA extension or 1 ATR beyond X, or 78.6% of the 1st target distance above/below the entry.
Long
by Alexander_Nikitin
Cypher pattern + video explanationsHey, mates. Have a cypher pattern. It is on the chart. But IF price goes lower then we have a bullish opportunity as well. What's this? Watch the video to know it: youtu.be It explaines the whole number of rules for my trading style and it is less than 10 minutes. //|+-------------------------------------------------------------------------------------------------------+ //|This pattern was found with Pattern Search Software (c) //|Contact me in Private Messages to get your copy of it //|+-------------------------------------------------------------------------------------------------------+ Best Regards, Alexander Nikitin A professional trader and a programmer.
Short
by Alexander_Nikitin