Reached our profit target plus 50 more pips 250+ pip trade very nice))
Question on butterfly and gartley patterns 0 replies
Someone pls comment on my gartley patterns 0 replies
Gartley Trading 1 reply
Find the Gartley 47 replies
Gartley on the brain 1 reply
DislikedHi Queenfx,
The bearish gartley 1hrly GBPJPY has formed with a down bar few minutes ago (12am-1am EST bar) where point D @133.73. How do you enter the trade setup (entry point, SL and p1/p2)?
a. Do you simply enter the trade at the next down bar, in this chart it will be @133.13? or
b. Do you wait for the retracement on the lower time frame (5/15min) with lower lows and lower highs for entry? or
c. Do you base on indicator such as stochastic crosses down from level 80?
Regards,
ToyogoIgnored
DislikedReached our profit target plus 50 more pips 250+ pip trade very nice))Ignored
DislikedHi Queenfx,
I thought you have stopped out on your 2nd position as you have mentioned in your previous post that
"I entered the trade at 1.7782, stop loss higher daily 1.7830, scaled at 1.7694, now SL at BE and waiting for a fib and the 2nd target at 1.7560"?
The price reached the high of 1.7893 which is much higher than your entry point (111pips) or even your original stop loss point @1.7830.
Please comment how you gain your 2nd position!
Regards,
ToyogoIgnored
DislikedHi Queenfx,
Well done for your last trade as I didn't notice that there is another Gartley setup!
Q1. How do you determine whether the Gartley trade is done. For example, on 1hrly EURUSD bearish Gartley, the pattern is completed on 17:00 hr on the chart @1.2072 (Point D) and drop down to 1.1956. Would you consider that Gartley trade is done? or the next shorting trade setup can still be valid as the price has reached the high @1.2062 but below Point D?
Q2. Do you consider the number bars that forming the Gartley is significant? For example,...Ignored
DislikedHi Toyogo00, forgot to ask you what tool do you use for your gartley, it looks different.Ignored
DislikedHi Toyogo00, can you please post zip with your indicator, so I can compare charts correctly, if that's OK. I have zup62 only to compare and my GFT Gartley tool that I use most of the time but it gives different signals. Thank you.Ignored