FX:AUDJPY   Australian Dollar / Japanese Yen
a potential unified gartley is setting up.
trade plan: sell limit order @71.531 with sl @71.689 and tp @71.217
Over the past 20 years a pattern with this B and C ratios appears 19 times on this pair and this timeframe. It produces the best expectancy (+0.73) if the stop is placed at X-point and the target is twice greater than the risk. If traded with these stops and targets the probability to hit a tp is 52.63%.
A pattern becomes invalidated if price exceeds the C-point before completion.
Trade closed: stop reached: had to take a small loss this time:)
This pattern was found by MPS-v5.5 pattern recognition software: https://mps-trade.com

The backtest of this pattern was performed by MPS-v5.5: https://mps-trade.com/market-research/

My YouTube channel: https://www.youtube.com/user/alexniquitos/
sell limit order @71.531 with sl @71.689 and tp @71.217 - are you serious? To trade for 30 pips?
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@pbarov, your win amount depends not on the distance but on your position size
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pbarov Alexander_Nikitin
@Alexander_Nikitin,scalping is sensless
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@pbarov, no need to argue. there are thousands of way to generate money trading. your way is not the only one.
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Funny trading
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@pbarov, thanks. check my other ideas.
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I believe because of the news tariff delayed to Dec 18? That news very harm the bearish setup; glad that you just loss small this time
Thanks for the updated Alexander =D
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@ICEKI, historically this setup requires small stoploss. placing larger stoploss makes it less profitable. this is based on chart regularities not on news. regularities help to predict something, news help to explain what already passed:)
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ICEKI Alexander_Nikitin
@Alexander_Nikitin, Your charts and your comments motivates a lot; thank you so much Alexander =D
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@ICEKI, you are welcome
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