This Gartely is just a beauty , meeting structure....
Long 94.21 SL 94.17 Target 94.55
Long 94.21 SL 94.17 Target 94.55
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DislikedThis Gartely is just a beauty , meeting structure....
Long 94.21 SL 94.17 Target 94.55Ignored
DislikedHello all,
Could someone please clarify when is it when we can take the aggressive C, is it in a ABCD or AB=CD or both?
From my understanding a ABCD is when the C is at a 61.8 retracement and not closing above 78.6.
And a AB=CD is when the retracement is below 61.8 close or above 78.6 close.
Thanks
Appreciate it.Ignored
DislikedHad a similar trade, but think we were let down by fundementals due to the poor UK retail sales causing the spike down. I was banking on a good figure as the bulls looked strong at the 944 level.
Further down there may be confluence around the 15918 area on the daily. Though it's possibly already outside of the 78.6 on the Daily chart, but this wont confirm until next week and I'm not sure this method is used at this wider time frame.
Regards to all.Ignored
DislikedHello all,
Could someone please clarify when is it when we can take the aggressive C, is it in a ABCD or AB=CD or both?
From my understanding a ABCD is when the C is at a 61.8 retracement and not closing above 78.6.
And a AB=CD is when the retracement is below 61.8 close or above 78.6 close.
Thanks
Appreciate it.Ignored
DislikedI have a few minutes before work so I threw a 1-min chart to view. The orderflow is down and based off the ratios I am looking at either a overall ABCD if it breaks the low or a BAT pattern. On the main swing it hit 38-50% which made me diregard the garley for overall movement. After watching it reversed and hit 61.8% which suggest ABCD, Butterfly, garley on green ratio. How I will play it. if it hits the PRZ area and complete I will short if it breaks the low I will play the ABCD down. any takers on what you see at the momentIgnored
Dislikedstopped out for 1 pip
Re enter on price action, double bottom, scaling in between 94.20 and 94.26, targetting 94.55 and sl at 94.15.....Ignored
DislikedHere is how it went down. It ended up reversing pretty quick around the PRZ area so I got in. My decision was also based on confluence. My only concern was our BE point was my entry point which to me wasn't good price. It left my risk 1:1 when you factor in 10 cushion from PRZ area. I decided to move to BE quickly after the break of the 50% area and cover risk. I ended up with 26+pips out the deal. Okay its chop time tell me how any of you would have handled it differently anything you saw. I screen shot a 5min to give you folks a better...Ignored