Of course there is a previous higher high @1,4290 that I used for second target, but I'd rather have the thought process of CNTrader so that the readers can benefit from this knowledge.

it's fun to see how the "price action" has become a mantra in recent years ...

Hello CNTrader, how did you determined the target 2 price ?

What about the last target @1,3930 ??

What do you think about this potential entry ?

Yes, I agree with you, but expect some retracement before that...

I also look at this one...

What do you think about that ?

I guess you have studied the book of Robert Pardo? This is an essential book to evaluate and optimize trading strategies ... url

My question was just to check that with this trading 'system', percentage of profitable Target1 (38.2%) and Target2 (61.8%) was well suited the mathematical relationship %Target2 > %Target1 x 38,2/61,8 in order to validate the benefit of a single ...

Hello, From the method of Mr. Pip, can you please inform us about the percentage of losing trades, the percentage of trade at break-even, and the percentage of trades that reaches the 61.8% target? Thank you in advance,

The problem with fxcm is not only the spread... url

Maybe the rule of breakeven is nonsense for the market... The market knows only HH and LL...

Hello Mr. Pip, I just read your ROE for Gartley patterns and I don't understand what you mean with Target 1 & Target 2 : Do you mean that Target 1 is a Take Profit 1 and Target 2 is a Take Profit 2 ? In that case, what is your rule in terms of % of ...

And please post the trades you will do on next monday, tuesday, etc...

Just want to know if this short is correct accordingly to Mr. Pip rules ?? Thanks in advance,

Hello Cuchuflito, AUDUSD last trades with target 2 at 0,886

Do you have some statistic concerning the number of trades where the first target is hit at 61,8 % and/or the first target is hit at only 38,2 % ? All my testing stated that it depends on the time frame : on lower TF like 233 ticks or 7 range bars, ...