Alexander_Nikitin

Alexander_Nikitin

hey, traders. If yo look at the chart you will notice priceaction trading within the last impulse's leg range. As we all know moves in trends. So, it's not a bad idea to look for a trend continuation. I'm looking for another impulse to the upside and i'm going to use this bat pattern to enter long. As usual stop needs below X. My target is 1,272 XA extention. This...

Alexander_Nikitin

Hey, traders. Wonderful oppotrunity here. With a new structure high and a retest of highs priceaction made an up-trend which definition is "a series of two or more impulses in one direction separated by correction". The retest of highs is an impulse because it tests the last impulse's initial point thus forming a double top. This up-trend was invalidated by a NSL...

Alexander_Nikitin

hey traders, recent NSH was rejected by priceaction which formed a NSL. When priceaction does violate the last impulse's initial point - this is a sign of reversal. So I expect further impulse movement to the downside. My take profits here are at 1.272 XA extention because we are likely to see the second impulse after the sign of reversal which is considered to be...

Alexander_Nikitin

Hey traders, another setup here. We had a trend which is a series of two or more impulses in one direction separated by correction. Then we had a sign of reversal which is the violation of the last impulse's initial point. You can see NSL below the recent HL. This is it. As technitians we all know the truths that prices move in trends and they will continue moving...

Alexander_Nikitin

A very nice setup here, trader. We had a series of impulses in downward direction. This is the definition of a trend. then we had a most resent HL violation to the downside. This is the defenition of the sign of reversal. And instead of continueing moving upward installing other upward impulses priceaction makes a new structure low. This is the classic defenition...

Alexander_Nikitin

Hey, traders. Priceaction made a NSH above recent highs. This tells me about a new up-trend installed. It was not a bad idea to enter at 0.886 correction of the last impulse leg in anticipation of the trend to continue. So I did it using this bat pattern. My stops are below X at 1.13XA. As we see priceaction penetrated the X-point. Although my stops were not hit...

Alexander_Nikitin

Hey, traders. With the last HL violation to the downside the market gives us a sign of reversal. There's a high probability for downtrend to install. Let's see if we get other impulse to the downside... Check the ralated ideas links to see how this kind of setups work.

Alexander_Nikitin

Hey, traders. Sorry for being late with posting this idea. If priceaction comes back to D-point BEFORE it goes to 0.382AD then the BAT will still be valid. If not - lnever mind. Although the direction of the bat coinsides with previous trend, I'm not looking for a retest of lows here, because priceaction violated the most resent HL to the upside. This violation...

Alexander_Nikitin

Hey traders. Priceaction made two NSL's separated by correction. This tells us about a new downward trend comfirmed. I took this Gartley to enter short in anticipation of the last NSL retest. As usual with advanced patterns Stops need to be above X. Cheers. Check the related ideas links to see how these setups work.

Alexander_Nikitin

Hey, traders. Last week I posted this Bat pattern trade. As you see the bat has a double top form by A and C points. This means that a violation of B-point (the lowest point between these highs) gives us a trend reversal sign. In this case I don't look for an uptrend continuation but reverse my whole view of the market 180 degrees. Now I'm looking to short gbpusd...

Alexander_Nikitin

Hey, traders. Recent HL was violated to the downside. Not a downward trend yet bur a sign of probable reversal. Being a part of bat pattern this kind of setup is called BAMM (Bat Action Magnet Move). BAMMS usually traded in anticipation of BAT completion. This time BAMM rules coinside exactly with 2618 trade rules. After BAT pattern is completed there's a high...

Alexander_Nikitin

Hey, traders. We had a violation of HL to the downside which was immediately rejected. Look fo a trend continuation to the upside using this bat.

Alexander_Nikitin

He, traders. NSL was immediately violated by impulse. Since then this NSL is considered to be a false breakout. After that we had a series of impulses in one direction separated only by corresctions. This is a definition of a trend. If priceaction comes to the bat pattern complition I will enter long. I expect priceaction to retest the last NSH before it violates...

Alexander_Nikitin

A recent series of NSL's was stopped by a NSH violating LH. Thus the last NSL is now considered to be a false breakout. As price moves in trends there's a high probability of another up impulse appearance. I expect at least a retest of the NSH. Bat pattern gives us a very nice risk to reward so we can enter this trade using it)

Alexander_Nikitin

Hey, traders, a series of NSL's and LH's gives us a downward trend. Not a bad idea to expect some trend continuation. I will use this bat to enter short.

Alexander_Nikitin

We identify trend by two impulses in one direction separated by a correction. Correction is whatever priceaction within previous impulse's range. Violation of the final point of whatever impulse is continuation of the trend. Violation of the initial point of whatever impulse is a sign of trend reversal. Usually trends are only two impulses long. So by the time you...

Alexander_Nikitin

Hey, traders. Priceaction made a retest of previous HL. Not a trend reversal yet but a sign of uptrend end. Repeat this trades again and again to see the edge. To deal with losses keep in mind the following picture: Trading is like opening the doors on your way to success. Some doors are opened when you push them forward - so you do a step forward. Some doors are...

Alexander_Nikitin

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)