Get started

Ratiotrading

Bearish Bat Setup "Excellent Risk/Reward"Well here on the GBPUSD we have a potential bearish bat pattern setting up. This is an excellent example of why I love bat patterns. The main reason I love them so much is the risk to reward ratio (depending on what kind of stops you use). Now I use a 1 ATR stop on my bat patterns, and this will give me better than a 1.5 Reward/Risk ratio to target 1 with a 2.5 reward/risk ratio to target 2. You couple that with a pattern that wins somewhere between 52-55% (depending on what time frame & currency pair) and you have a recipe for consistent profitability. Now this pattern will complete at 1.24746 and minimum stops need to be above the X-Leg at 1.25102. Target 1 is at the 38.2 retracement and target 2 is at the 61.8 retracement. If you trade bat patterns on the GBPUSD, then this is one to keep your eye on. Good luck and good trading!
Short
by tommyb35
Ready for 2017?I just put out a video going over my results from 2016. Although 12% is not the greatest return, considering how crazy this last year was, if you broke even in 2016 it should be celebrated. Here is the link to the video if you are interested. youtu.be Now on the chart here, we have a massive potential cypher pattern on XAUUSD. Now I don't actively trade this pair, but i do follow it. Completion is at 1117.68 and minimum stops need to be below X at 1047.24. Target 1 is at 1214.59 with target 2 at 1275.17. Now like i said, this is a massive pattern so if you can take this much risk, you can go down to a lower time frame and look for an alternate entry. Hope everybody had a good holiday season and happy new year. Good luck and Good trading in 2017!
FX_IDC:XAUUSDLong
by tommyb35
Pro Trader Workshop Live Trading!We are currently taking our break right now, but during our live trading that we are doing today in the Live Pro Trader Workshop we came across this bearish cypher pattern on the EURUSD. Now this one has an inverse risk/reward ratio, so you need to follow your rules to see if this meets your risk profile. For myself personally, this pattern has such a high win % that it still has a positive expectancy even with the inverse R/R. Now the Pattern will complete @1.0766 Minimum stops need to be above X at 1.0785 and target 1 is the 38.2 @1.07426 with target 2 @ 1.07266 If you are interested in joining us for the remainder of the live event today, you can watch the stream at this link. youtu.be Good luck and Good Trading!
Short
by tommyb35
Day 1 Pro Trader WorkshopJust had day 1 of the pro trader workshop. It was a great morning, and we covered a ton of stuff. We will be having day 2 tomorrow morning starting at 8am est and if you missed this mornings stream and you want to watch it, here is the link. youtu.be One of the things that we will be covering tomorrow morning will be the Technical Scoring System. This is a great example of a TS2 trade. We have structure, we are going with the overall trend of the higher time frame (daily TF), we have a potential AB=CD pattern with Fibonacci retracement, extension and inversion confluence. Definitely a good setup, if we can get a valid entry signal, if and when we make it up to the kill zone. Good luck and good trading.
Short
by tommyb35
Pro Trader Workshop Live! Dec 5th - Dec 9thNext week I will be live streaming the Pro Trader Workshop on you tube. It will be a total of 5 days and will run from 8am est to 11am est. We will be covering everything from basic structure analysis to trend trading and money management. If you are interested, here is the link. www.youtube.com As for the chart, we have a bullish cypher pattern here on the AUDUSD. This pattern will complete @ .73510. Minimum stops need to be below the X-Leg at .73111, with your tradition advanced pattern targets at the 38.2 retracement (.74072) for target #1 and the 61.8 retracement (.74416) for target #2. Good luck and Good Trading
Long
by tommyb35
Short Position on AudJpyNice consolidation setup here on AudJpy. You got nice structure to the left, you have a ab=cd pattern with ratio confluence. And finally i got my entry signal at 14:00 (the candle marked by the blue arrow) with the double top on bearish divergence. There is also a gartley pattern in this mess, but since i missed the entry with a limit order, i had to build a seperate case for entry, and this is what i got. Have to wait see what happens. Good luck and good trading!
Short
by tommyb35
Bullish Gartley at Major Support Level!You have a potential bullish Gartley pattern that will complete right at the major support level on the GbpJpy. This support level has held since the decline after Brexit, and it is as good a place as any to look at getting long. Add the Gartley pattern completion and you have a nice potential setup. I just put out my weekly forex preview on my you tube channel where I break down this setup along with a few others. Here is the link to the video youtu.be Good luck and good trading
Long
by tommyb35
NZDUSD: Bearish Bat (Great Risk-to-Reward)Hi Traders, There is a bearish bat formation completing at 0.72030. Current market price is still fairly far from our entry, and if price falls below the point marked 'A', this pattern and trading opportunity will be invalid. Entry: 0.72030 Stop: 0.72320 Target 1: 0.71620 Target 2: 0.71330 As with all Bat pattern setups, this trade has an excellent risk to reward ratio of approximately 1.5:1 to target 1 and 2:1 to target 2. If you found this idea useful, leave a like or comment, I appreciate your feedback. Luke
Short
by Beebags
CADJPY: CTS Trade From This Morning's Training Lesson Each Monday I hold a private training lesson for our Transformation members and today the topic was the Combined Technical Scoring System (CTS) During the lesson I talked to them about my personal journey & how I went from a very conservative CTS trader to someone who no longer requires a score. With that being said I've ingrained the process into my daily evaluation of a price chart & this was the example that I used to show them how I still use it without actually using it (if that makes sense) Anyway, what we have above is a level of potential structure support that has been tested a few time is the recent past as both support & resistance. We also have an AB=CD patter, Fibonacci Ratio confluence & a potential advanced Bat Formation resting in that zone as well. This makes for a great example of taking the clues that the market provided with and putting them together in order to find quality trading opportunities. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company Trade Empowered on YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Long
by Akil_Stokes