Gartley completed: Time to long

FX:AUDCAD   Australian Dollar/Canadian Dollar
1313 10 57
We could expect a Higher low from here and expect the price to reach at 0.95647. We have have completed the gartley at current price.

Unbreakable Rules
1. Never add to a losing position.
2. Never risk more than 5 percent of your trading capital on any one trade.
3. Always have a protective stop in the market.

1. Never close a trade without a reason.
2. Take responsibility for your trades.
3. Markets that have higher lows are in uptrends. Markets that have lower highs are in downtrends.
4. Always do your analysis prior to the market open

Trade active
Comment: Place Breakeven!
Trade closed manually: 182+ trade closed.
Trade closed: target reached
On this one too... Hope the AUD Interest Rate Decision and RBA Announcement will give a booster for AUD. Cheers!
+1 Reply
Yes We did Great!
Love your rules and guidelines! For me that is new to trading these rules were the first thing I learned. But could you please explain guideline 4!?
+1 Reply
Well, It means, Its better to do the analysis before the market opens, especially in the weekends for fx and that rule was for the stocks, where we have the market closed and can do the analysis before the market opens everyday.
Now, why its better to do the analysis before the market opens: you can have plenty of time to decide what to do and you can test several things and stuffs, you can recheck your analysis again: You can write the notes. And once the market opens you dont need to panic, you just do according to things you did when the market was closed.
I do not understand! someone explain to me?
+1 Reply
This is simple Price action trading with Harmonic systems.
On this one too Good Luck
+2 Reply
morshedul.sazid KevinSinghDhaliwal
Thanks kevin!
+1 Reply
Love the "Unbreakable Rules" idea. It's like a big "Do Not Enter" sign for someones trading
+3 Reply
morshedul.sazid Akil_Stokes
Exactly Akil :) It sure helps.
+1 Reply
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