Dislikedthis is my newest update trading on usdchf based on BUY trade.
may be this is an exeptional, or just lucky, ok ? so,don't follow mine.
i took +174 pips in my MV.
here the chart.Ignored
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DislikedHey, price has not made a higher high, the inner TL was not valid.Ignored
DislikedHi Soyabean,
why would have failed for a 1:1.5 R:R. How do you estimate your TP? TP could be close to the low of last swing and it is good RRIgnored
DislikedBase on my knowledge of Gartleys I wouldn't agree with Mike's post. Thats not a gartley in my book.(I could be wrong). I have Gartley as a fibs and TL based pattern. A gartley is formed at a point where a Fib extension say from a downtrend is at the same level as a Fib retracement. In other words its a clash/convergence of a 127/161.8(extenxion) of a smaller pattern with the 38.2/50/61.8(retrace) of the previous/long term pattern.
The chart posted below should futher explain what i'm saying. C is the retrace from the down move and 4 is the projected extension from the small up move. If theres a pull back/valid CF at C/4 we get in short.Ignored
DislikedThis is one setup I am eyeing for a while now, a possible H&S reversal, I have scalped the trade for 40 pips on the 1 h chart. If the 4H chart shows a good candlestick formation I will reenter for a long...Ignored
DislikedJust wanna bring up this chart again, a gartley formation as taught by Dra. Move has gone down for over 100 pips since entry on bearish engulfing.Ignored
DislikedRemember I use fib levels to determine Gartleys. Heres one I took yesterday. From the up move there was a 78.6 bounce when this occours often times the market will go to a 127. On the down TL we had a 61.8 retracement. Entry at the covergence of the fib extension and the fib retracement on a valid CF.Ignored
DislikedDra, i am still doing well trading the system, though I must say the past 2 weeks was unprecedented for most of us.
I survive last week ....well since Tuesday we had the market trending which open numerous trading opportunities that were all successful except for Eurgb which i closed twice. I believe the entry that I post now would have been a good one, but i decide to stay away.
NZUS, AUDCAD, EURUS, GBUS, EJ, UJ are a few that were good trades b/w Tue and today.
DejanIgnored
DislikedI agree, its been a GREAT week trading, entries on over 17 pairs with eurgbp being the only one that got stopped out. It gives another entry a few hours ago which is high probability of profiting.
Hope yall caught all the trades if not most.Ignored