Minor structure point for X + simetrical triangle zone test. This setup is also a good illustration to my descriptions of structure points and XA legs in "Thoughts about bat pattern" III and IV. Those of you who don't know what I'm talking about you are welcome to check the related ideas links. Also do not forget to check Part I and Part II. All together these...
Bat pattern. Buy limits at D. Stops below X. Target 1 at B, Target 2 at C. Let's trade it
Hey, traders. Here's the illustration to my descriptions about the algorithm of XA leg recognition. The description itself is in "Thoughts about bat pattern" 3 and 4. If you are new to these series, you are welcome to check the related ideas links. enjoy it. Also check "buy euro" post to see the FOMC trading))
Nice bat pattern. Make sure you haven't missed my "Thoughts about bat pattern" forth edition. Check the related idea link.
Hey, traders. It’s Wednesday and we have another edition of “Thoughts about Bat pattern”. Today we’ll continue talking about XA leg. As you remember from previous parts, XA is the MOST IMPORTANT thing in pattern recognition. Last time we discussed X-point location. Today we’ll discuss other points. And also we’ll talk about my way of using Fibonacci retracement...
Right now I have closed my second target (see the related idea link). And openned a position in opposite direction. the reason is bat pattern. As usual stops above X, target 1 at B, target2 at C. Have a nice day, traders
Hey, trader. Hope your weekend went well. We start our trading week with this bull bat pattern. Stops below X. Target1 at B. Target 2 at C. Let's trade this market
Hello, traders. We have a HHHC above B-point. This means that we have a high probability of this bat pattern completion. Sell limits at D. Stops above X. Target 1 at B. Target 2 at C
Hey, traders we got a bat pattern setting up on aussie. Buy limits at D. First target at B and the second target at C. Good luck
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%....
Hey, traders. Here's the bat pattern that matches all criteria. If you don't know what criteria I do mean - then visit my related ideas links.
Hello, traders. It’s Wednesday here. It means we have another “Thoughts about bat pattern” edition. It is the third edition and if you have missed the first two, check the related ideas links. You’ll find them very useful. Let’s get it started then)). As I told you in the first edition Timeframe doesn’t matter in bats. Mostly because bat pattern pays no attention...
Hey, mates, we have another bat pattern on aussie M5. If you pay more attention to XA leg you will discover it is 69 pips long. those of you who follow me on tradingview know what this XA size setup means. If you don't, check "Thoughts about BAT pattern. Some tips and secrets" related idea. Hope to see you comments. Good trading!
Hey, traders. It's likely we'll see a second bat completion. Its d-point is exactly a 0.618 first bat AD. Instead of buying my usual unit to close my short position, I'm going to buy two units to have long position opened
Hey, traders. Here's another bat pattern. As usual I place my sell limit orders exactly at D-point. If it works and my limits are triggered I place stops just above X (pricisely speaking 1,113XA) and targets at 0,382AD and 0,618AD. When the first target hits - move stops to breakeven. I do it because I always keep in mind that 0,382 retracement is usually a trend...
hi, mates. It looks like we are to see this bat pattern completion. I am to buy at D point. Stops just below X. First target is 0,382AD and the second is 0,618AD. When first target is reached roll stops to breakeven. mostly it's connected with the fact that 0,382 fibonacci retracement is usually a trend continuation retracement. So we can easily see a move to the...
TIP #3. This tip is mostly connected with the rules. You don’t need to invent your own rules, because all rules are already invented. You just need to choose a set of rules that suits best to your personality. How can you know what rules suit your personality? Do backtesting. Scroll the chart back in history and trade the Market using this set of rules as if real...