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Krunal.patel

DAX 30 Bearish CYPHER PATTERN @ 10014Hi guys, This is my first post regarding any indices or stocks as I was performing some back-testing of pattern formations on them. This is a bearish CYPHER pattern @ 10014 and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% retracement levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 97 points x 2 = 194 points Reward #1: 97 points. R:R = 1:1 Reward #2: 156 points. R:R = 1:1.6 Plan your trade... Trade your plan.
FX:GER30Short
by Krunal.Patel
2
GOLD Bullish BAT PATTERN @ 1245Hi 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 percentage %. Back to the trade idea, it is a bearish BAT pattern @ 1245 in which i would have a buy limit in place and stop loss will be placed BELOW the X leg which we use as good support in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 17 points x 2 = 34 points Reward #1: 22.4 points. R:R = 1:1.3 Reward #2: 36 points. R:R = 1:2.1 Plan your trade... Trade your plan.
FX:XAUUSDLong
by Krunal.Patel
AUDCAD 4H Bearish GARTLEY PATTERN @ 0.9522Hi 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 @ 0.9522 stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 47 pips x 2 = 94 pips Reward #1: 62 pips. R:R = 1:1.3 Reward #2: 100 pips. R:R = 1:2 Plan your trade... Trade your plan.
Short
by Krunal.Patel
EURJPY 4H Bullish GARTLEY PATTERN @ 122.04Hi 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 bullish GARTLEY pattern @ 122.04 stop loss will be placed below the X leg which we use as good support in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 83 pips x 2 = 166 pips Reward #1: 98 pips. R:R = 1:1.15 Reward #2: 160 pips. R:R = 1:1.9 Plan your trade... Trade your plan.
Long
by Krunal.Patel
GBPJPY 15 Bearish BAT PATTERN @ 157.18Hi 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 percentage %. Back to the trade idea, it is a bearish BAT pattern @ 157.18 in which i would have a sell limit in place and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 40 pips x 2 = 80 pips Reward #1: 58 pips. R:R = 1:1.4 Reward #2: 94 pips. R:R = 1:2.3 Plan your trade... Trade your plan.
Short
by Krunal.Patel
S&P500 D Bearish GARTLEY PATTERN @ 2097Hi guys, Here is a bearish GARTLEY pattern @ 2097 in which i would have a sell limit in place and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 22 points x 2 = 44 points Reward #1: 23 points. R:R = 1:1.05 Reward #2: 38 points. R:R = 1:1.70 Plan your trade... Trade your plan.
FX:SPX500Short
by Krunal.Patel
EURCAD 60 Bullish GARTLEY PATTERN @ 1.4588Hi 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 bullish GARTLEY pattern @ 1.4588 stop loss will be placed below the X leg which we use as good support in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 27 pips x 2 = 54 pips Reward #1: 30 pips. R:R = 1:1.1 Reward #2: 48 pips. R:R = 1:1.8 Plan your trade... Trade your plan.
Long
by Krunal.Patel
XAUUSD/GOLD 60 Bearish GARTLEY PATTERN @ 1287Hi guys, Here is a bearish GARTLEY pattern @ 1287 in which i would have a sell limit in place and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 10.75 points x 2 = 21.50 points Reward #1: 11.6 points. R:R = 1:1.1 Reward #2: 18.8 points. R:R = 1:1.75 Plan your trade... Trade your plan.
FX:XAUUSDShort
by Krunal.Patel
EURJPY 4H DOUBLE BOTTOM 2618 TRADE @ 122.70Hi guys, Here, I am looking for a reversal. The market was in a nice bearish move but this double top has now occurred. There has already been a break at the top of the double bottom so I am now looking for a pullback at the 61.8 retracement level to give myself that extra bit of confirmation. I will have a buy limit in place at that level. This trade is known as the 2618 trade. My stop loss will go below the double bottom and that level has also held good support in the past. My first target will be at the low of the break and my second target will be at the next support/resistance level. IF the first target is hit, I will take off half of the position and move the stop loss to break-even for the second half of the trade, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 150 pips x 2 = 300 pips Reward #1: 180 pips. R:R = 1:1.2 Reward #2: 360 pips. R;R = 1:2.4 Plan your trade... Trade your plan.
Long
by Krunal.Patel
XAUEUR 60 Bearish BAT & GARTLEY PATTERNS @ 1130 ZONE!Hi guys, Here we have another advanced pattern trader's dream! 2 pattern in one chart completing within a 3 point zone! First we have the BAT PATTERN which completes @ 1130.50 for a more conservative approach. Then we have the GARTLEY PATTERN which completes @ 1127.50 for a more aggressive style. Stops go as per usual above the X leg and targets will be the 38.2% and 61.8% retracements. Thank you for your support. Plan your trade... Trade your plan. Good Luck
FX_IDC:XAUEURShort
by Krunal.Patel
GBPCHF 60 Bearish & Bullish GARTLEY PATTERNS!Hi guys, Here we have the Pound-Swiss with two Gartley patterns, so either way there's an opportunity to enter into this trade. I call this the bracketing approach meaning whichever way the market goes I can enter. These are 2 deepish Gartley patterns meaning we have much better risk-reward as the 1.272 extension comes in close to the X leg, which as per usual stops will go below/above. Thank you for your support! Good Luck. Plan your trade... Trade your plan.
by Krunal.Patel
AUDCAD W Bullish BAT PATTERN @ 0.9270Hi guys, Here we have a bullish BAT PATTERN on the Aussie-Canadian Dollar coming in at around 0.9270. This is a long-term trade so I'll be making sure I take into account my position size in order to manage my risk effectively. The reason why I love BAT patterns is that they give such good risk-reward which is obviously key to trading successfully. Stops will as per usual go below the X leg and targets will be at the 31.8% and 61.8% retracements. THANK YOU FOR YOUR SUPPORT! Trade Numbers: Risk: 270 pips x 2 = 540 pips Reward #1: 350 pips. R:R = 1:1.3 Reward #2: 550 pips. R:R = 1:2.1 Plan your trade... Trade your plan.
Long
by Krunal.Patel
EURAUD 60 Bullish BAT & CYPHER PATTERNS @ 1.5430 ZONEHi guys, This is a pattern traders dream, 2 patterns in one chart! Here we have the BAT PATTERN and the CYPHER PATTERN both of which complete within a 20 pip PRICE REVERSAL ZONE (PRZ) adding to the confluence of this trade. Stops will be placed as usual, below the X leg and targets will be at the 38.2% and 61.8% retracement levels. Thank you for your support. Trade Numbers: Risk: 80-100 pips x 2 = 160-200 pips (depending on entry) Reward #1: 80-100 pips. R:R = 1:1/1.2 Reward #2: 100-120 pips. R:R = 1:1.25/1.5 Plan your trade... Trade your plan.
Long
by Krunal.Patel
NZDUSD 30 Bullish BAT PATTERN @ 0.6788Hi 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 percentage %. Back to the trade idea, it is a bullish BAT pattern @ 0.6788 in which i would have a buy limit in place and stop loss will be placed BELOW the X leg which we use as good support in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 17 pips x 2 = 34 pips Reward #1: 22 pips. R:R = 1:1.25 Reward #2: 35 pips. R:R = 1:2 Plan your trade... Trade your plan.
Long
by Krunal.Patel
NZDUSD 15 Bearish GARTLEY PATTERN @ 0.6842Hi guys, This is a very short-term trade on the 15 minute chart of the Kiwi-Dollar. 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 @ 0.6842 stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 10 pips x 2 = 20 pips Reward #1: 12 pips. R:R = 1:1.2 Reward #2: 20 pips. R:R = 1:2 Plan your trade... Trade your plan.
Short
by Krunal.Patel
EURAUD 60 Bearish CYPHER PATTERN @ 1.5550Hi Guys, This is a bullish CYPHER pattern @ 1.5550 and stop loss will be placed below the X leg which we use as good support in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 60 x 2 = 120 pips Reward #1: 60 pips. R:R = 1:1 Reward #2: 95 pips. R:R = 1:1.6 Plan your trade... Trade your plan.
Short
by Krunal.Patel
GBPJPY 15 Bearish CYPHER PATTERN @ 157.64Hi Guys, This is a bearish CYPHER pattern @ 157.64 and stop loss will be placed above the X leg which we use as good resistance in this case. TARGETS ON THIS TRADE WILL BE DIFFERENT TO USUAL AS I VIEW THIS AS A DOWN-TRENDING PAIR, THEREFORE TARGETS WILL BE AT SUPPORT/RESISTANCE LEVELS. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 57 x 2 = 114 pips Reward #1: 57 pips. R:R = 1:1 Reward #2: 115 pips. R:R = 1:2 Plan your trade... Trade your plan.
Short
by Krunal.Patel
AUDCAD 60 Bullish BAT PATTERN @ 0.9475Hi 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 percentage %. Back to the trade idea, it is a bearish BAT pattern @ 0.9475 in which i would have a buy limit in place and stop loss will be placed BELOW the X leg which we use as good support in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 20 pips x 2 = 40 pips Reward #1: 26 pips. R:R = 1:1.3 Reward #2: 42 pips. R:R = 1:2.1 Plan your trade... Trade your plan.
Long
by Krunal.Patel
EURTRY D Bearish GARTLEY PATTERN @ 3.4470Hi Guys, This is a bearish GARTLEY Pattern completing at 3.4500 but I will be front-running my orders to make sure I get filled on this trade. The EURTRY has been in an uptrend for a long time now but it hit a level of resistance in back-to-back months late last year. I am expecting that the same level of resistance will hold making for a good sell trade for harmonic confluence. The stop loss will be placed tightly above above the X leg as this pair has been in an uptrend forever which is used as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 1000 pips x 2 = 2000 pips Reward #1: 1700 pips. R:R = 1:1.70 Reward #2: 2750 pips. R:R = 1:2.75 Plan your trade... Trade your plan.
Short
by Krunal.Patel
NZDJPY 60 Bullish GARTLEY PATTERN @ 72.76Hi 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 bullish GARTLEY pattern @ 72.76 stop loss will be placed below the X leg which we use as good support in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 32 pips x 2 = 64 pips Reward #1: 41 pips. R:R = 1:1.3 Reward #2: 67 pips. R:R = 1:2.1 Plan your trade... Trade your plan.
Long
by Krunal.Patel
GBPAUD 30 Bullish GARTLEY PATTERN @ 1.9550Hi 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 bullish GARTLEY pattern @ 1.9550 stop loss will be placed below the X leg which we use as good support in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 50 pips x 2 = 100 pips Reward #1: 70 pips. R:R = 1:1.4 Reward #2: 115 pips. R:R = 1:2.3 Plan your trade... Trade your plan.
Long
by Krunal.Patel
AUDCAD 15 Bearish BAT PATTERN @ 0.9600Hi 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 percentage %. Back to the trade idea, it is a bearish BAT pattern @ 0.9600 in which i would have a sell limit in place and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 40 pips x 2 = 80 pips Reward #1: 52 pips. R:R = 1:1.3 Reward #2: 84 pips. R:R = 1:2.1 Plan your trade... Trade your plan.
Short
by Krunal.Patel
USDJPY 60 Bearish BAT PATTERN @ 108.35Hi 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 percentage %. Back to the trade idea, it is a bearish BAT pattern @ 108.35 in which i would have a sell limit in place and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 85 pips x 2 = 170 pips Reward #1: 107 pips. R:R = 1:1.25 Reward #2: 175 pips. R:R = 1:2.05 Plan your trade... Trade your plan.
Short
by Krunal.Patel