DislikedLet me start saying that this is an acceptable ''Malformed Bearish Bat''.Ignored
i'll definitely stay tuned for more great stuff !
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DislikedLet me start saying that this is an acceptable ''Malformed Bearish Bat''.Ignored
DislikedOne thing to keep in mind is that the pattern is not complete until it reaches the D pointIgnored
DislikedHey Ghadeer,
I think the answer to this is that it's best to identify and draw most patterns manually before using an indi to paint them. Indi's will show you what you want to see more often than they are there, leading you to over-trade.
I know folks who use and like zup, and I use a harmonic indi myself, but the ones I draw (or confirm) manually are often of a higher quality, and therefore produce better results.
I think it's OK to use an indi to speed up the identification process once you're comfortable determining the quality of a set-up,...Ignored
Dislikedi was looking at that butterfly as well, but as it is weekly i won't put that big SL
i also found this triangle on daily. look at ema 200, it has become a side of the triangle, i will be looking to buy at around 2.1ishIgnored
Dislikedi was looking at that butterfly as well, but as it is weekly i won't put that big SLIgnored
DislikedWhile the risk percentage should be the same (I prefer 0.5% to 2%) the amount of pips used for a SL should be adjustable to every trade. It is very important to note that every trade is different and presents singular conditions. Even if your account is considerably small, one can still trade Daily, Weekly or even Monthly TF’s risking the same percentage as you do in a M15 or M30 TF’s. It is also important to work with a very good RRR (risk to reward ratio); example: If you have entered in a trade based on a daily TF and you have determined that...Ignored
DislikedHi COKE,
whts ur opinion on the GBP USD and EUR JPY.
GBP/USD has taken support on the UTL of the channel, and forming a bump and run pattern. also it is near the 61.8 % retracement of larger move, which might cause it to reverse.
Eur/Jpy is at the UTL of Symmetrical Triangle and i think it might break soon to the upside.Ignored