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After having a great 2 target winning bullish bat, we now have an at market completion of another bearish bat. Again, will be looking for the usual 2 targets and will be traded EXACTLY the same as the previous bat - remember to trade your plan, and to 'robotically' trade those rules that youve backtested.
Will be paying attention to this later today and ...
Price prediction analysis.
Blue = Area shaded on lowest value.
Red = Area shaded on highest value.
Yellow = Line on closed value,
Experimenting with a new strat. Pay attention to the yellow line.
Heres a Bat pattern that I forgot to publish but was a trade taken. It's a small Bearish bat pattern on USDJPY. We managed to roll over very pain free to target 1 however then moved back up to break even stopping us out.
For those who don't know, I like to trade 2 positions per trade with 2 targets. Once target 1 is hit, I then move the stop loss on ...
Here is a potential short Cypher pattern forming on AUDUSD 4H. It still has quite a while to go however we are now on the final C-D leg and looking to break above the B leg structure point.
If we do get a pattern completion, we will be looking for the usual 38.2 and 61.8 fibonacci targets. The risk reward on this pattern gives us approx a 1:1 to target ...
technically GBPUSD set to drop back to 1.21 add the fundamentals with article 50 triggering next week on the 29th, will we see a sell off in GBP in anticipation of what may happen.
DX short term correction for me will add more downside to this trade, nice R:R
Been a little quiet in the markets lately for me with my patterns - but as long as were not forcing trades that's completely fine. Seen a potential Bat pattern here on NZDUSD that's still a while from completing, however I always like to draw them on early so I can easily see them later.
I will become a lot more interested if the green dotted line ...
Here we have a Bullish Bat pattern on EURJPY that is pretty close to completing. I've drawn on the two normal targets I would take (and do take) on all my bat patterns, but there could also be the potential for an extended move higher into an even bigger bat pattern completing so it depends with what you're comfortable doing.
I'm using a usual 113% stop ...
Haven't seen much activity in the markets this week. Checked NZDUSD this morning though and found an at market Cypher pattern. This pattern has already pressed lower than the .786 retracement entry but is still valid which means we can get involved with a better risk reward.
Only a small risk on this trade so should be open to most traders. This is also ...
Here we have a bit of a messy Cypher pattern on EURJPY. I entered this late last week and thought I had made a post but must have missed the publish button. Since entering the market has rolled over about half way to first targets, but it will be interesting to see what happens going into next week.
Will be hoping for the volatility to pick up ...
Nice 4H winning Bat pattern. Didn't get chance to make a post about this but rolled over without pain to both target one and target two giving us +98 with .382 and .618 fib targets!
Potential Cypher pattern EURCHF 4H close to completion. Pay attention for .786 retracement being hit to make it a completed pattern. Looking for 2 targets both with underlying 4H market direction (bullish)
Potential Bat pattern forming on USDJPY at the moment. Following the recent drawdown on this pair I would be expecting within the next few trades to start picking up. Unsure if this will complete as we are in an overall bull trend, however will be paying attention over the week to see what will happen. Key point to look out for is the breaking of the A ...
Small and a bit messy, but an at market Cypher pattern on GBPUSD 4H. Managed to get entered slightly below the X completion (just a matter of ID after it had completed). However, without pressing below X this pattern is still valid. Looking for a press upwards to Target 1 & Target 2. Using a 113% stop loss, and good Risk Reward.
Just been entered into an NZDUSD Bullish Bat! A little late with the publishing of this but only recently had time to check my charts.
Entry according to my rules is at the 88.6% retracement, however of course follow your specific and tested rules. Aiming for both T1 and T2 with this, and a relatively small pattern for this timeframe so shouldn't pose ...