Alexander_Nikitin

Alexander_Nikitin

Notes on the chart. The reversal sign by itself is a very good reason to enter short. Here we have a gartley pattern also telling us of price more probably to go down. this gives us an edge. If this edge is repeated consistently - then the stream of our trades generates profits)

Alexander_Nikitin

Hello, everyone. Welcome back to another edition of "thoughts about bat pattern". Today we'll continue discussing bat pattern types. We'll look at SNSI and SFSI types. They are very similar to HSNSI and HSFSI I talked in my last edition: As you see the difference is only in XA leg. With that being said let's skip to some statistics. As usual I will first remind...

Alexander_Nikitin

Blue arrows = impulses, voilation or retest of previous move's range. Red arrow = corrections, priceaction within previous move's range. Trend = at least two impulses of same direction with a correction between them. Consolidation = at least two impulses of same direction with an impulse of opposite direction between them. Price moves in trends. A trend remains...

Alexander_Nikitin

Hey, traders. Welcome back to another edition of "thoughts about BAT pattern". Today we'll continue to discuss bat pattern types. We already know about Four types: HSNSP see it here: SNSP see it here: HSFSP see it here: SFSP see it here: These four have two common features. Their CD leg is not interrupted by a retracement more than 0,382AB and their...

Alexander_Nikitin

NSH = higher high and higher close above the last higher low, or above the previous NSH, or previous impulse's high. The impulse's high= the retest of previous higher low, or previous NSH. Retest = the wick of the candle at least touches the last NSH's close, or the last lower high's close but the candle doesn't close above these highs. Note, price moves in...

Alexander_Nikitin

Hey, traders. I’m back and we have another edition of “Thoughts about Bat pattern”. Today we’ll continue discussing bat pattern types. I’ll talk about HSFSP and SFSP types. First, I will remind you average success rate of bat pattern. One has this rate if he trades EVERY bat he can find. As usual, three pairs for illustration: On eurusd it is 53,52%, gbpusd –...

Alexander_Nikitin

Price action made a series of higher lows and higher highs thus forming an uptrend. Typicly trend resumes after ABCD part of the bat is formed.

Alexander_Nikitin

Welcome back, traders. It’s Wednesday and we have another edition of “Thoughts about Bat pattern”. Today we’ll continue discussing bat pattern types. Today we’ll talk about SNSP type. SNSP bat type is the most perfectly looking bat type. Let’s decode the name. “S” – XA is not interrupted by a deep (at least 0,382AB) retracement. “N” – BC is straight. “S” – A and C...

Alexander_Nikitin

Hey, traders. Here we have a bat pattern setting up on gbpusd. This bat is classified as HSNSI type which is more profitable than bats on gbpusd. I will take it if it completes.

Alexander_Nikitin

hey, traders. We gat a bat pattern of HSNSI type setting up on gbpusd. This type has more than average bat's profitability on gbpusd. So, if it completes - I'm in. As usual, stops need above X. Target at 0,618AD. When 0,382AD is hit close half and move stops of the other half to breakeven. Good luck.

Alexander_Nikitin

Hey, traders. We have a bull bat setting up on aussie. Depending on priceaction within CD we will have either HSFSP or HSFSI type. If CD leg is broken by 0,382AB(19pips) size retracement we'll see a HSFSI bat type completion. If there are no retracemnets of 0,382AB size within CD we'll see a HSFSP bat type completion. Also note more than one retracement within XA...

Alexander_Nikitin

Welcome back, traders. It’s Wednesday and we have another edition of “Thoughts about Bat pattern”. Today we’ll continue discussing bat pattern types. Or… If we treat bats a vivid creatures I’d better say species)). In my last edition I told you mostly how I discovered types but not about the types themselves. I got lots of feedback and messages asking me to...

Alexander_Nikitin

hey, traders. As you see on this gbpusd chart the bat I showed you yesterday has finally completed. I label this type as HSNSI type. This type has slightly more then average success reate that's why I entered it. Average success rate is a rate we have if trading ALL the bats we can find. If we trade some specific set of types we can shift our results to be higher...

Alexander_Nikitin

hey, traders. We have a bet pattern setting up on aussie. Althought this bat haven't completed yet we can already say that if it completes it will either be HSNSP or HSNSI type. If CD leg is straight then we'll have HSNSP. If CD is interrupted with a retracement not less than 0,382AB than we'll got HSNSI. First type has more than average accuracy and if it...

Alexander_Nikitin

hey, traders. first trade of the week ended a winner. move on. here's another bat pattern. This pattern, depending on how the CD leg moves, will either be a bear HSNSI or HSNSP. These two types are differentiated with CD leg. CD leg may be straight or broken by some kind of retracement incorporated. This retracemnt must at least be 0,382AB long to turn CD leg into...

Alexander_Nikitin

hey, traders, my week started with this HSNSP type. this type has more than average accuracy on eurusd, so entered the trade. sorry for not posting it earlier. I needed some confirmation of the CD leg to be the type I can trade. If it comes to retest the entry point before it touche 0,382AD - it wil still be valid to trade. have a nice day.

Alexander_Nikitin

Hello, mates. We have a potential Bear bat almost completed. This type of bat is labeled as SFSI. I means we have a simple XA, several moves in BC forming a chanel and also several moves in CD making it look imperfect). It is one of the rarests types on gbpusd but it's success rate is fine. Let's see how it works this time). Leave a comment if you have some...

Alexander_Nikitin

hey, traders we have a bull HSNSI bat setting up on eurgbp.