Posting Day. Idea #3
Updated
A potential unified gartley is setting up.
Pattern details and a trade plan:
Swing identificaiton: prex(6)
B-point: 0.6-0.7XA
C-point: 0.4-0.5AB
Entry(limit order): 0.7XA
Stoploss(stop order): 0.9XA
Target(limit order): 1.4 to 1 RR
Historical performance:
First bar in history: 1999.01.04 08/30/00
Total patterns found: 46
Number of winners: 28
Average winner: 42.3pips
Probability of win: 60.87%
Average RR: 1.94
R-expectancy: 0.7901
Pattern details and a trade plan:
Swing identificaiton: prex(6)
B-point: 0.6-0.7XA
C-point: 0.4-0.5AB
Entry(limit order): 0.7XA
Stoploss(stop order): 0.9XA
Target(limit order): 1.4 to 1 RR
Historical performance:
First bar in history: 1999.01.04 08/30/00
Total patterns found: 46
Number of winners: 28
Average winner: 42.3pips
Probability of win: 60.87%
Average RR: 1.94
R-expectancy: 0.7901
Order cancelled
Price exceeded the C-point
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