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Thread: Bat pattern examples on Forex market

  1. #1
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    Bat pattern examples on Forex market

    Bat bullish example of Forex EURGBP pair
    Bat pattern examples on Forex market-2012-12-18_2050.jpg

    For more info about the harmonic Bat pattern and the confirmation methods see -> Bat pattern - table of content

    more examples to follow...
    Last edited by kor4x; 12-18-2012 at 08:11 PM.

  2. #2
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    nice symetric harmonic bat pattern failure -> Bat pattern examples on Forex market-gbpjpy-nice-harmonic-pattern-failed-2013-01-09_1744.png Remember, any pattern can fail and any can be successful :-) ... anyway, it does not metter in long trading run...

  3. #3
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    just to add here this example from our Daily Setup discussions -> Interactive Trading Setups Disscussion


    Step1:
    Find opportunity, which means find emerging pattern -> Bat pattern examples on Forex market-gbpusd-emerging-harmonics-bat-bearish-2013-01-10_1204.png

    Step2:
    Apply confirmations, check the strenght of the pattern (on the chart above you see S/D zone and Pivots presented, but you can apply any confirmations you like/you use)

    Step3:
    Wait for the entry - this is difficult step, not too early, not too late, stay focused

    Step4:
    Enter according to your method with TakeProfits and StopLoss levels defined (if you define them static)
    Bat pattern examples on Forex market-gbpusd-harmonic-bat-bearish-update-2013-01-10_1324.png

    Step5:
    Move to the next opportunity. From my experience, at this point, any changes to the previously defined plan/SL/TP is causing more bad than good. But it's just my experience.
    Note: Even if we Market returns and takes our StopLoss, it's not important at this stage. We followed the strategy. In the long run, following the good strategy, with same (borring !!!) steps all the time, we should be the winners.
    Last edited by kor4x; 01-10-2013 at 01:06 PM.

  4. #4
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    Just a classic exemple during the consolidation phase with divergence RSI for the first chart XA.

    Bat pattern examples on Forex market-bate.png
    Bat pattern examples on Forex market-bat2.png

    Adrien
    kor4x likes this.

  5. #5
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    Quote Originally Posted by kor4x View Post
    nice symetric harmonic bat pattern failure -> Click image for larger version. 

Name:	GBPJPY-nice-harmonic-pattern-failed-2013-01-09_1744.png 
Views:	92 
Size:	67.6 KB 
ID:	2859 Remember, any pattern can fail and any can be successful :-) ... anyway, it does not metter in long trading run...
    Don't you think this would have become a profitable trade if despite the first loss, a second attempt can be made at the small high price made? Looking at how price broke that high to reach the target..

  6. #6
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    no, patterns have rules, and best results are reached when rules are followed exactly.

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