DislikedI've got this bearish bat on the 15min. It's all a bit uncertain now with the pending BoE decision. Annoyingly, my target missed by 16 pips yesterday.Ignored
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DislikedI've got this bearish bat on the 15min. It's all a bit uncertain now with the pending BoE decision. Annoyingly, my target missed by 16 pips yesterday.Ignored
DislikedHi Zoran - another accurate pattern - already hit the 78% fibbo......might I ask why its called a bearish bat when it seems to have indicated a bullish trade - although as a retraceIgnored
DislikedThe pattern is complete. I managed to get a high of 237.64 on both my live accounts but only 237.62 on my charting account so it looks like it didn't hit the line but it did.Ignored
DislikedWhat an amazingly accurate analysis - I can see that I have some work to do to learn more about Gartleys, Butterflys, Crabs and Bats - its some years since I first met them and I didnt pursue that encounter - obviously a mistake!Ignored
DislikedYes, not only are they accurate but some patterns offer excellent R/R. On this setup, the stop only needed to be above the X point (so 20 to 30 pip risk) and targets could be in the 100s. I use MM to manage the profit.
The only thing is that the fibs need to line up fairly accurately to get the best results. On this one, the B point was precisely 38.2 of XA - the most important point) and C was precisely 78.6 of AB (not so important). D was (depending on platform) precisely 88.6 of XA (and this depends on the precision of the other points). Blah blah blahIgnored
DislikedHi Zoran
Do you draw these patterns by hand or any indicator or software draws them for you?Ignored
DislikedThanks for the "heads up". IŽll do some research to get the hang of the basics before asking for any unput that you may be prepared to pass on. I seem to remember an indicator called Harmonic Zup that put fibbo relationships on a chart - I have it on my oldŽputer so IŽll look it up and see if it helps.Ignored
DislikedWhen the pattern completes, it signals a reversal. I have put the labels on it now and I trade the final leg (CD). Then look for reversal signs to re-enter in the opposite direction. The reversal on this one is at the 88.6 level (237.63).
Also, don't look at the time aspect, just the price. I will adjust the pattern when complete.Ignored
DislikedHello,
Strong resistance @ 237.84(+-). It goes back to August 10th. Two touches since yesterday at exactly that price. Both times we have seen a pullback.
Ignored
DislikedHi Zoran,
Edit: Just checked back over your posts and of course your reasons for entry are clear, it been a long day so please ignore me.Ignored