Got to love Consolidation
Consolidation is a really interesting and amazing state of the markets when you have strategy that fits that state. That's where advanced patterns come in very handy in that situation.
This pair has been offering several opportunities this week : I made 48 pips on the Orange Bearish BAT (T1 hit and then stopped at BE) and was then directly filled on the green Cypher that does not look too good at the moment in terms of potentially hitting targets (but it does not matter, you HAVE to take every trade that meet my trading rules, without exceptions !)
And depending on price action, we might be presented with the purple bullish deep gartley.
Now that the hard work is done, it's all about waiting to see what markets does and if we get reward with profits for the hard work, of we get to invest a bit more in the business (I don't see losing patterns as a loss in itself rather than an investment or a necessary expenses for this trading business).
Good luck everyone !
This pair has been offering several opportunities this week : I made 48 pips on the Orange Bearish BAT (T1 hit and then stopped at BE) and was then directly filled on the green Cypher that does not look too good at the moment in terms of potentially hitting targets (but it does not matter, you HAVE to take every trade that meet my trading rules, without exceptions !)
And depending on price action, we might be presented with the purple bullish deep gartley.
Now that the hard work is done, it's all about waiting to see what markets does and if we get reward with profits for the hard work, of we get to invest a bit more in the business (I don't see losing patterns as a loss in itself rather than an investment or a necessary expenses for this trading business).
Good luck everyone !
Comment:
Purple bullish Gartley is now invalid as Price Action has violated the XA leg