First Thing that I always do is to find the map and see where is the price and where it wants to go. I have seen a bearish Elliott Wave with possibility of correction wave to a little above wave 4 which I named it as Point E right on R5 Trend. (Based on Elliot Wave Principle). And Also I see a Double Bottom Pattern that gives more significant to reach point E....
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...
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...
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...
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.
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...