FX:AUDUSD   Australischer Dollar/U.S. Dollar
858 views
74
858 6
Bat Advanced formation


Bat Tools:

*Fibonacci retracements (38.2%, 50%, 61.8% and 88.6%)

Bat Timeframes:

*The Bat Advanced formation was originally designed as a swing trading strategy. But it also works on lower timeframes.

Bat Tactics:

*Seek to identify 4 market moves and 3 major Fibonacci zones. The combination of these moves forms the points (X, A, B, C, D) that fulfill the formation.

Rules of engagement: Criteria 1

The Bat Advanced formation starts with an impulse leg/anchor leg that establishes our X and A points.

Once X and A points have been identified, we then look for our first criteria.

Criteria 1: The market forms the B completion point by fulfilling at least a 50% retracement of the XA leg.

Note: AB move remains valid as long as there is at least a 50% retracement of XA and that it does not touch the 61.8% retracement of XA. Only candlewick is calculated here. Candle close is not important.

Rules of engagement: Criteria 2

If criteria 1 has been met, then look for criteria 2.

Criteria 2: The market forms the C completion point by fulfilling at least a 38.2% retracement of the AB.

Note: BC move remains valid as long as there is at least a 38.2% retracement of AB and that it does not extend past A. Only candlewick is calculated here. Candle close is not important.

Rules of engagement: Criteria 3

If criteria 1 and 2 have been met, then look for criteria 3.

Criteria 3: The market forms the D completion (entry point) by fulfilling a 88.6% XA.

Note: D point never extends past X.

Trade management: Entry, stops & targets.

Bat Entry: Limit order is placed at D completion point.

Bat Target 1: 38.2% retracement of AD leg. When attained half of the position closes & stop moves to breakeven.

Bat Target 2: 61.8% retracements of AD leg.

Bat Stop placement: Stop always goes past X. Either 113% XA extension or 1 ATR beyond X, or 1 to 1 measured distance to the first target.
Trade geschlossen: Ziel wurde erreicht
This pattern was found by the MPS-5.2 pattern recognition software: https://goo.gl/viM3Ya

Black Friday. Hurry up MPS-5.2 is 50% OFF!!!: http://ps-software.net/

My Youtube channel: https://www.youtube.com/user/alexniquitos?sub_confirmation=1
Took this trade as well yesterday but did'n't post aud looked weak as hell at one point turned out ok nice one
Antworten
@pawit11, Yeah. never know which one of my trades to post..
Antworten
Congrats,we saw 0,7514 and up .thank you
Antworten
@nightcom, you re welcome:)
Antworten
Thanks for clear detail description and sharing the idea as always.
Antworten
Alexander_Nikitin ChandanaHerath
@ChandanaHerath, you are welcome:)
Antworten
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden