Tag Archives: batpattern

#GBPJPY 2618 TRADE SHORT AND LONG IDEAS (BAT PATTERN FORMATION)

#GBPJPY 2618 TRADE SHORT AND LONG IDEAS (BAT PATTERN FORMATION)

#GBPJPY 2618 TRADE SHORT AND LONG IDEAS (BAT PATTERN FORMATION)
#GBPJPY 2618 TRADE SHORT AND LONG IDEAS (BAT PATTERN FORMATION)

A. Reasons For Short Trade:

1. Double top formed with bearish divergence
2. Price may go upto retest 61.8 retracement and 200sma to give short opportunity

Stop Placement:

  1. Area above the previous High

Targets:

  1. Target will be at completion of bat pattern where 200sma is located

Trade Execution :

  1. Only one position for short

Concerns:

  1. None

B. Reasons For Long Trade:

1. Bat pattern completion
2. 200sma close to the zone

Stop Placement:

  1. Below the immediate support there is another support area. So we will have to include that too.

Targets:

  1. First target will be 38.2% retracement of AD leg
  2. Second target will be at 61.8 retracement of AD leg

Trade Execution :

  1. Aggressive entries to be taken

Concerns:

  1. None

Planned News Expected: (UK Time)

TueOct 13  9:30am GBP CPI y/y
WedOct 14 9:30am GBP Average Earnings Index 3m/y
GBP Claimant Count Change

 

Post Execution Review:

Pending

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EURUSD 4H Bat Pattern Trade

EURUSD SHORT IDEA (BAT PATTERN) – 12-Oct-2015

EURUSD 4H Bat Pattern Trade

Reasons For Trade:

1. Bat Pattern
2. Close Fibonacci Confluence of 0.886XA leg with 1.618 AB leg
3.  RSI has been overbought i.e. above 80

Stop Placement:

  1. 1.113 or 1 ATR (37 Pips) above Structure High i.e. Point X of Bat Pattern

Targets:

  1. 38.2 Fib Retracement of AD Leg will be the first target
  2. 61.8 Fib Retracement of AD Leg will be the second target

Trade Execution:

  1. Let the price reach the PRZ and look for Double Top or Bearish Divergence or an Advanced Harmonic Pattern completion in the zone on a lower time frame i..e. 1H or 15M chart.
  2. As soon as Target 1 is hit, move the stop to break even and close half of the position.

Concerns:

  1. Overall trend seems to be bullish at the moment. So this will be a counter trend trade. Second Target may not be achieved.

Planned News Expected: (UK Time)

None

Post Execution Review:

Pending

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Leave a comment: I would love to hear your thoughts, suggestions on this topic. Please leave a comment.
---------------------------------------------------------------------------------
Disclaimer: This web site is just my financial trading log and is for educational purposes.
Please do your research, analysis and take your decisions. You must not rely on my actions or analysis.
Please see the Disclaimer page.
---------------------------------------------------------------------------------

How To Trade Forex Harmonic Patterns

Trade Forex Harmonic Patterns

AB=CD (50.0)

  1. C point retraces less than 50.0 of AB, CD will be equal to AB
  2. Do not trade an AB=CD pattern with less than 38.2 retracement
  3. Always use Double Top with divergence for entry.
  4. Target 1: 38.2 of AD leg, Target 2: 61.8 of AD leg

ABCD (Alternative ABCD) (50.0, 127.0, 1.414, 1.618.0)

  1. C point retraces more than 50 of AB, CD will be 1.27AB or 1.414AB or 1.618 AB
  2. Always use Double Top with divergence for entry.
  3. Target 1: 38.2 of AD leg, Target 2: 61.8 of AD leg

abcd

Gartley (61.8 XA, 61.8 AB, 127.2 AB) – (60-70% Profit Making Pattern)

  1. B must touch at least 61.8 of XA but must not touch (wick) or close beyond 6 of XA
  2. C touches at least 61.8 of AB but its wick cannot go beyond point A
  3. D point will be at 127.2 of AB in confluence with 78.6 of XA. 127.2 AB extension is more important.
  4. PRZ between 127.2 AB extension and point X
  5. Must have at least valid ABCD pattern
  6. Stop is 2 ATR below X
  7. Target 1: 38.2 of AD leg, Target 2: 61.8 of AD leg

gartley

Butterfly (78.6 XA, 38.2 AB, 127.2 AB) – (Low Profit Making Pattern)

  1. B retraces to at least 78.6 of XA but must not touch (wick) or close beyond 6 of XA
  2. C retraces to at least 38.2 of AB but its wick cannot go beyond point A
  3. D point will be at 127.2 of AB. D point must pass point X
  4. PRZ between 1.27 AB and 1.618 AB
  5. Stop is 2 ATR below previous structure, look left on the chart
  6. Target 1: 38.2 of AD leg, Target 2: 61.8 of AD leg

butterfly

Bat (50.0 XA, 61.8 AB, 161.8 AB) – (80% Profit Making Pattern)

  1. B touches at least 50.0 of XA but must not touch (wick) or close beyond 8 of XA
  2. C retraces to at least 61.8 of AB but its wick cannot go beyond point A
  3. D point will be at 161.8 of AB, 0.886 of XA
  4. Stop is 2 ATR below X
  5. Target 1: 38.2 of AD leg, Target 2: 61.8 of AD leg

bat pattern

Cypher (38.2 XA, 127.2 XA, 78.6 XC) – (80% Profit Making Pattern)

  1. B retraces to at least 38.2 of XA but must NOT close beyond 8 of XA
  2. C is at 111.3 of XA in the XA direction (must close above A), must not close above 1.414
  3. D must touch 78.6 of XC
  4. Stop is 2 ATR below X
  5. Target 1: 38.2 of AD leg, Target 2: 61.8 of AD leg

cypher pattern

 

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Disclaimer: This web site is just my financial trading log and is for educational purposes.
Please do your research, analysis and take your decisions. You must not rely on my actions or analysis.
Please see the Disclaimer page.
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$EURUSD – #EURUSD 30MIN SHORT (2 POSSIBLE ZONES) -Updated for Bat Pattern –

$EURUSD – #EURUSD 30MIN SHORT (2 POSSIBLE ZONES) -Updated for Bat Pattern –.


#EURUSD 30MIN SHORT (2 POSSIBLE ZONES) -Updated for Bat Pattern by TradeYodha on TradingView.com

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Leave a comment: I would love to hear your thoughts, suggestions on this topic. Please leave a comment.
---------------------------------------------------------------------------------
Disclaimer: This web site is just my financial trading log and is for educational purposes.
Please do your research, analysis and take your decisions. You must not rely on my actions or analysis.
Please see the Disclaimer page.
---------------------------------------------------------------------------------