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BAMM

USDCHF BAMM (Bat) 1d Potential Short to D pointValid Bat A = .382 - .5 B = .382 - .886 C = 1.618 -2.618 X to D = .886 Check candlesticks , watch for price to break B to enter. Given above is true, price should continue through D, or reverse. Candlesticks will tell you how play the pattern. Risk Reward minimum = 2 Note: always draw it on your own chart to get exact measurements! Make sure you have confirmation candlestick patterns CLOSED before entering. You're welcome to repost this, just mention @corganmusic! :) For those looking to learn to trade, message me! Good luck out there!
Short
by corganmusic
ETHBTC 3hr BAMM (Bat) and Gartley PatternsWe've got a valid Bat, that could shoot through B point starting the BAMM. (Measurements at bottom). Also a Gartley if it breaks up, and will be looking for reversal at D With these patterns especially the BAMM, it's really important to see it break the point, and close. I had previously posted a BAMM pattern that bounced at B but never broke B point - that's not a trade that I took, make sure it breaks the support or resistance line!! Candlesticks are KEY! They'll tell you if you can take the trade. BAMM is 2.26 R/R ratio Gartley is less with 1.84 R/R Ratio Bat Pattern Measurements A = .382 - .5 B = .382 - .886 C = 1.618 -2.618 X to D = .886 Gartley Pattern Measurements A = .618 B = .386 - .886 C = 1.272 - 1.618 X to D = .786 Note 1: Always draw it on your own chart to get exact measurements! Make sure you have confirmation candlestick patterns CLOSED before entering - it may shoot through the D reversal zone! Note 2: To trade this, you must own Ethereum and sell into Bitcoin You're welcome to repost this, just mention @corganmusic! :) For those looking to learn to trade, message me! Good luck out there! Update idea
Short
by corganmusic
3
GBPUSD Bat Pattern, Potential BAMM 4h - Harmonic PatternGBPUSD is in a large uptrend since the beginning of 2017, and those are shown by the diagonal Support and Resistance lines in yellow. We also have a S/R around the ~1.309 point (which works great with D Point). As you can see, we just broke out of a cup and handle that created the a valid bat pattern with the measurements A = .382 - .5 B = .382 - .886 C = 1.618 -2.618 X to D = .886 I'm looking to short (BAMM) the pattern from B to D and then BUY the reversal at D point. This is all depending on our candlesticks, and IF it breaks the long Support trend on the bottom. I'm hoping it can go through the Support, but this support has built up all year. Note: always draw it on your own chart to get exact measurements! Make sure you have confirmation candlestick patterns CLOSED before entering - it may shoot through the D reversal zone! You're welcome to repost this, just mention @corganmusic! :) For those looking to learn to trade, message me! Good luck out there!
Short
by corganmusic
1
CadJpy Short- BAMM TheoryCADJPY has began to pivot around the neckline of a head and shoulders on the daily/weekly chart. Price found support at this level on the 4 hour chart, made a new low and is now retesting the previous los as resistance. Recent dips and rallies have been urgent and direct in recent weeks, however price dropping below the 4HR 200EMA at this neckline gives a sign that we should see some consolidation before another fluctuation. Risk is 1:3 in this case because we are testing the resistance, as opposed to trading the breakout (I wanted to see if price would break first, in case it continued north after breaking the H&S neckline). Head and shoulders can be seen below, along with previous support/resistance.
Short
by KyleMcQuade
XAUUSD Short - Bearish BAMMAbove we can see the trend line for a movement within bearish weekly channel on Silver. Price has hit the trend line and I expect will drop to our D point once support is broken during the trend. Adding confluence to this movement is the bearish bam theory- the harmonic movement will push price down should the daily candle break below this level! Risk is minimum 1:2 - I will hold this short position but will not be taking the bat movement. I am simply using the BAMM theory to add to my bearish sentiment. Please see a similar trade below on the AUDUSD!
OANDA:XAGUSDShort
by KyleMcQuade
AUDUSD Short - BAMM TheoryGood morning, This week I am aiming to trade more on the 1 hour charts- mainly to fill in the time in between larger price fluctuations; I will be looking for movements that suit the larger time frame! On the 4 hr chart we have a long crab pattern but price still has some way to go until it meets the D point. Above you can see a short position on the 1 hour, that would support this- We have a bearish BAMM (Bat Action Magnet Method) formation. For this to form, we need a valid bat pattern (check) whilst we wait for price to break and close below the B level (0.782). At such time we will enter our short position and hold until price reaches the final D point (PRZ). Risk should be at least 1:2, as always.
Short
by KyleMcQuade
1
BAMM Theory EurCadSome generic analysis and a possible trade set up for everybody to look at - Bat Action Magnet Method. This theory dictates that when price begins a potential C-D wave, a break of the resistance of the 38.2-50% retracement of the initial impulse wave, price will continue to rise until the previous high. The key level in this setup I believe is 1.477. A close above here should see price continue to rally; the potential profit zone is clearly marked. Like any other trade, risk:reward should be at least 1:2. It is not uncommon for a trader to wait for a retest of support after resistance is broken before entering into a position. Price has began to range between support and resistance on the 4hr chart so this pair is worth keeping an eye on! This is simply a generic overview. I will be taking the short position should price reach the overall 88.6% retracement of the original impulse wave. Bat Ratios X:B = 0.38-0.5 A:C = 0.382-0.886 B:D = 1.618-2.618 X:D = 88.6%
by KyleMcQuade
GBPNZD - BAMM & Bearish BatHi Guys, Here we have the GBPNZD on the Daily. Two potential trading opportunities with a huge amount of pips. 1st Opportunity: BAMM Trigger. Price is heading towards the 'D' Point for completion of a Bearish Bat. Respected an uptrend of 7 months and rejected 0.618 of last upswing. Providing price breaks the down trend showing, allowing for a short retracement first I will then be entering long if price rejects 0.50. I had a similar set up on NZDCAD (link below) which is performing well. 2nd Opportunity: Bearish Bat Completion. Once Price hits 'D' point I will be looking for reversal indications and additional confluence to take the short opportunity. Do let me know of any thoughts or questions. Thank You! Victoria
Long
by Atomic_Pips
Bitcoin - Ahead of August 1stWell, August 1st is approaching and I'm putting forward one potential outcome following the changes to the bitcoin network. Today we have BTC/USD on the 1h chart with a bearish BAMM (Bat Action Magnet Move) setup in combination with a bullish bat pattern. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 I understand the BAMM theory will be relatively new to most traders, this style of trading simply focuses on a breakout of the B point. A clear break and close below support at B would indicate further declines for bitcoin heading towards $1900 where we may see a short term recovery upon completion of the bat pattern . Green area displays the profit zone. If we do see a sell-off I will be sure to keep everyone updated.
COINBASE:BTCUSD
by LewisGlasgow
34
EUR/GBP - Bearish BAMMToday we have EUR/GBP on the 1h chart with a bearish BAMM (Bat Action Magnet Move) setup in combination with a bullish bat pattern. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 I understand the BAMM theory will be relatively new to most traders, I've posted a few charts about this style of trading but it simply focuses on a breakout of the B point. A clear break and close below support at B would indicate further declines, therefore, completing the D leg around 0.87700. Below are my stop loss and take profit levels. SL: 0.89350 TP: 0.87700 This is an excellent opportunity with around a 1:3 risk to reward. Green area displays the profit zone. I hope you all have an excellent week :)
Short
by LewisGlasgow
2
AUDNZD Long: Breakout to Potential Bat CompletionAUDNZD has broken through the bullish channel center line and countertrend resistance. There is also a missed daily pivot above price which may add to bullish bias. Watch for resistance around the top of symmetrical triangle, BAMM line, and top of the rising channel. Entry is placed at the retest of the trendline with targets at bat point B and bat completion. SL is placed below structure lows for a R/R of 2.5 (T1) and 6.5 (T2). Bullish Confluence: Trendline breakout & retest Missed daily pivot above price Channel center line break
Long
by glennmercer
Short GBPCAD: Trigger at BAMM Line Toward Pivot ClusterGBPCAD is presenting an opportunity to trade a combination of bat action magnet move lines toward a cluster of missed pivots. Trade will be triggered after a candle closes below the BAMM Line (Body) with SL near structure highs. If price should continue to make new structure lows I will move the SL and update the chart accordingly. T1 is at Bat 1 completion and T2 is at Bat 2 completion. A third target will be placed at the pivot cluster if the bullish bat patterns reach their respective targets and another short opportunity presents itself. If this occurs I will publish a new short idea targeting the pivots.
Short
by glennmercer
3