TomHall
Đào tạo

How To Trade The Bat Pattern.

FX:EURUSD   Euro / Đô la Mỹ
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Hi Traders,

After the very positive feedback received from the Gartley Pattern explanation, I have drawn another illustration this time explaining my interpretation of the Bat Pattern

For those who have not yet seen the explanation for the Gartley Pattern I have attach the link below.


Above Is an illustration of a complete Bat Pattern and the rules and ratios needed to trade this pattern.

First things first, grab your Fibonacci tool and draw from the X to A leg of the initial move or impulse leg.
The Fibonacci ratio's you are looking for are the 0.50% and the 0.618%, price MUST at least touch or spike through the 0.50% but not touch or exceed the 0.618%.
The price reversal zone is shown in the white box.

Now you have the B leg we are looking for the C leg which is a retracement of the A to B move.
Once again grab your Fibonacci tool and draw from the A leg to the B leg, you are looking for a minimum of the 0.618% retracement.
On the C leg the price reversal zone is a little wider, price MUST hit the 0.618% but not exceed the A leg, which is once again shown in the illustration above.

Once you have the X A B and C legs you are looking for the final piece of the jigsaw which is the D leg completion and the area you are looking to buy.
there are a couple of different ways to get the D leg however they both end up at the same price, for me personally I use the Fibonacci retracement tool.
To get the D leg take your Fibonacci tool and draw from the X to A leg which will give you a 0.886%.
Once price falls to the 0.886% all criteria's are met, at which point you would buy in anticipation that price will rise.

TARGETS:
When looking to take targets on this pattern the first step is to once again use your Fibonacci tool.
Take your Fibonacci tool and draw from the C to D leg, you are looking for the 0.382% and 0.618%.
If this is the method you are looking to use for targets you would have your broker take off half of your position at the 0.382% and the other half at the 0.618%
To protect the profits you have accumulated it is advised to move stop loss to breakeven once the 0.382% target 1 has been attained, thus giving you a risk free trade and money in the bank.

STOP LOSS:
When looking to place your stops there are again many ways this can be done, but should always be placed below the X leg.
Your risk reward should be a minimum of 1:1 on every trade to the 0.382%, if this can not be achieved then I would not personally take the trade.

CURRENCY PAIR:
This pattern like any other and is more profitable with certain currency pairs, you should do your own back testing on this before trading the pattern.

I hope this is a more in-depth insight to advanced             patterns in particular the Bat Pattern .
I am available via private message for any questions you may have.

WEBSITE:
http://www.UKForexSignals.com

DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
thank you!
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TomHall FarhadKurbanov
@FarhadKurbanov, My pleasure.
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Thank You very much!
Could you write what kind of fib you use and from where to where you take it?
Thank you!
+1 Phản hồi
@yossih, Hi,
I may be writing some extra content very soon.
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Thank you TomHall,
A question, how to find x point?
+1 Phản hồi
@doisdo, You should look for an impulse leg for the X to A leg
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if C doesn't exceed A leg but its around 98 febo or 95 does it going to un valid the patter ?
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TomHall faisalhasnoon
Hi,
The C leg must surpass the A leg to become valid.
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sorry tom i was talking about the bat Pattern :)
+1 Phản hồi
TomHall faisalhasnoon
My apologies.
As long as the C leg does not exceed the A leg then it is still valid yes.
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