Hi,
Maybe that one can give a good setup today ..what you think (= bounce back on weekly TL) ?
Maybe that one can give a good setup today ..what you think (= bounce back on weekly TL) ?
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DislikedHi,
Posted below is EURCAD, a setup which I am currently looking out for, price has reached the daily down trendline, waiting for one of the 6 candle formations which Dra taught us.Ignored
DislikedHi Dra,
what do you think about that trade? There was crown formation so I decided to go short on gbpusd on engulfing bearish. Was it valid formation? Thanks
KubaIgnored
QuoteDislikedAdded another post of a demo trade, this is on a gartley pattern Dra, is that a correct entry of a gartley?
QuoteDislikedAdded another post of a demo trade, this is on a gartley pattern Dra, is that a correct entry of a gartley?
DislikedBelow is a setup I took off the 1H entry at a bearish engulfng candle.
Hopefully it will turn out well.
Added another post of a demo trade, this is on a gartley pattern Dra, is that a correct entry of a gartley?Ignored
DislikedI just read about gartley not quite long ago and i must say that u got a perfect one according to wot i read.
all the fib from XA to B, AB to C and D were respected perfectly. the formation AB=CD base on 1.27 projection was also met.
Good entry, am also interested to see the result. according to my reading 61.8 fib of CD shd be the first target. But the Bearish TL may hinder the trade. Anyway, let see if gartley will overcome the TL
am in this trade with u broda
prof damion will give his experienced analysis and judgement when he comes.
great broIgnored
DislikedMake sure you measure the gartly....it has not conluded yet...
also everything that goes towards a longer term trendline will be a garlty .....anything against any trendline will be a gartly...what you care about is the conclusion of the abcdIgnored
DislikedFirst trade is already positive +100 pips, traded according to Dra's rules, no secret.
Second trade on a gartley formation (demo), price has consolidated around D, really looking forward to the breakout!
Mike, thank you for your kind comments bro! I have actually measured all extensions of the fib ratios to make sure it was a perfect gartley pattern and I am very excited about the potential too.
Have also read that the 61.8 retrace of CD should be my first target, but I left it out as this was my first trade trying to observe the whole pattern unwind. Potentially it can go to 1.0 projection of the complete impulsive wave 1. This is a demo trade to learn more about this formation.
I have also considered the TL break, but this is what a gartley essentially is all about isnt it? Just when the buyers think that the trend has reversed, the gartley sets in and throws them off with a even bigger move in the opposite direction.
Looking forward to Dra's comments too.
Below is another possible setup which I just saw, would have taken it but I was late, saw this only 1 hr 30 mins later.Ignored