CRAB Vs BUTTERFLY Butterfly wins by KO in the 3rd! ROUND 2:-
The Bigger Picture. Minisode 3 Minisode 2 Minisode 1
Bit size chunks of purely Technical analysis.
Using multiple Time frames to Identify the narrative of the market. Building a risk free position by hedging.
Using the (1m) Bullish Crab to enter the (1H) Gartley, the trade has reached 32R for a total of 5R overall profit secured. The Bulls need to retrace, Bearish Butterfly to assist, Hedging time.
TP1 (2R) HIT, 50% POSITION CLOSED TP2 (4R) @ 1.18972
The Bat Pattern , is a precise harmonic pattern discovered by Scott Carney in 2001 The pattern incorporates the 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg. The Bat utilizes a minimum 1.618BC projection. In addition, the AB=CD...
SCALING IN SCALING OUT The Holy Grail? How to build a risk free position.
This style is Hedge trading, creating a full sized risk free position in both directions. Closing 50% of each position at 2R creates a risk free position, should price move to the stop loss, profit for each position would be 0.75R Closing 50% of each remaining position at 4R Secures 2R profit on all positions, should price move to the stop loss, profit for each...
BEARISH BAT Vs BULLISH CYPHER Vs CONTINUED ... BEARISH GARTLEY Vs BULLISH CYPHER Vs BEARISH H&S
BEARISH BAT Vs BULLISH CYPHER Vs BEARISH GARTLEY
The Bulls and the Bears have both reached TP1 on each pattern and are now vying for dominance. This situation leads to the formation of a triangle pattern.
The Bulls have an opportunity to regain control from the Bears. Having entered on the right shoulder of the Bearish H&S pattern back on October 21st, the Bears have not quite hit their first target for the pattern. The initial harmonic reaction to the Bullish Butterfly entry is a good sign for the Bulls, I would expect a retest of the entry before a further...