Bullish Bat Waiting to happen...Entry Point for next buyers

2020年5月20日

Expecting a Bullish bat to complete.

Can't find valid cases for entry other than the bat pattern. (Though zone of entry is along the areas of past structure =S as well as resistance= R; but sometimes moves have been somewhat below and above i.e breaking/defying those S & R)

My Point of entry is 2.618 to create a better RR ratio. ( instead of .886 & 1.1618 confluence)

Pervious Flag Bullish pattern entry was missed by me, so trying/justify to BUY with a valid point of entry=VPE. (Rather than just buying even though the market if/may/could be bullish = Entry price has to be justified)

**Finally above notes are for myself so I can see my thought process when I entered the trade.**

2020年5月21日

交易進行

Market has moved. Need to re-adjust all Fibs
i.e. B2C

2020年5月21日

交易進行

Actual Feed from broker is different.
Thats why need to draw the Bat pattern based on own broker's feed which will be different from Tradingview.

2020年5月27日

評論

BC based on brokers feed:
B=1753.86 & C=1693.76
TP 1 (0.382) = 1716.72
TP 2 (0.618) = 1730.90

2020年5月28日

評論

Correction of the above (I am getting old)
CD based on brokers feed:
C= 1753.86 & D = 1693.76
TP 1 (0.382) = 1716.72
TP 2 (0.618) = 1730.90

Entry & TP targets must account for SPREAD (PIPS) so that we dont miss the opportunity,

2020年5月29日

取消訂單

TP1 & TP2 reached on my broker.

Made msiatke with entry point on TV.

2020年5月29日

取消訂單

My Point of entry is 2.618 to create a better RR ratio. ( instead of .886 & 1.1618 confluence)

Which is why I coould not enter trade on TV