JoMarshall
Short

Bearish Gartley Pattern On AUDUSD

FX:AUDUSD   Australian Dollar/U.S. Dollar
11 months ago
Just a quick post!

Get my daily trade signal
www.tradewithme.co.uk/signals
11 months ago
Trade active
nl88 PRO
11 months ago
Wow very fast post ! Seems like a good price to short now !
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JoMarshall nl88
11 months ago
Not yet, entry price is @0.7198
+1 Reply
nl88 PRO JoMarshall
11 months ago
Noted ! May I know what kind of trading strategy is this ? Is it the same as Elliot wave ?
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JoMarshall nl88
11 months ago
Advanced pattern, it's not the same as elliot wave. They are both harmonic patterns but completely different
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Peter_238
11 months ago
thanks jo
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JoMarshall Peter_238
11 months ago
You're welcome peter
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nice!:)
+1 Reply
GoodLuckbabe
11 months ago
i think top did not hit yet
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nl88 PRO
11 months ago
It broke upwards instead ?
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JoMarshall nl88
11 months ago
Broke? Did it break the X leg? Was the stop loss reached? Do you know how to trade advanced pattern?
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nl88 PRO JoMarshall
11 months ago
I wasn't saying it broke. I'm asking as I'm quite new to harmonics pattern. Apologise if I offended you.
+2 Reply
stomeg01 JoMarshall
11 months ago
SORRY MATE, I SOLD AT 0.7230, I CANT SEE FROM YOUR CHART WHERE IS YOUR STOP LOSS?
BY THE WAY THATS A VERY GOOD TRADE I THINK. THANKS JO!
Reply
JoMarshall stomeg01
11 months ago
Thanks Stome, my stop loss is at 0.7285. We'll if see if it works out. Pattern is still valid and market hasn't broken out X leg yet.
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stomeg01 JoMarshall
11 months ago
thanks buddy
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langtoni PRO
11 months ago
Your at the C point on a Cypher so hopefully it will turn hit your targets and then you can go long.....
snapshot

+1 Reply
JoMarshall langtoni
11 months ago
Nice set-up, thanks for sharing. Let's hope it works out that way
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tntsunrise TOP
11 months ago
Same here. reverse nicely
+1 Reply
RobbyF
11 months ago
Hey JoMarhsall. Been following you for a while now I think you are doing a good job, also thinking about joining your signal service for a while. Got a question though: Why is your entry @ 0.7198? If i do a XA retracement then my 0.786 comes @ 0.7184. Thanks
+1 Reply
RobbyF RobbyF
10 months ago
oh, Think i got it, your using a 1.272 ext. from the AB instead of an XA retr. right?
+1 Reply
JoMarshall RobbyF
10 months ago
Yes that's correct Robby, although, some traders do use the 0.786 retracement of XA leg which is fine but if you do it that way then your risk to reward ratio wouldn't be great but you will get more entries.
+1 Reply
nl88 PRO
10 months ago
Is 0.7207 a good entry point ? Or is it wiser to wait till 0.7250 ?
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JoMarshall nl88
10 months ago
There's currently a bearish Bat that will terminate near 0.7250
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nl88 PRO JoMarshall
10 months ago
Possible to enter now with a tight SL at 0.7250 ?
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JoMarshall nl88
10 months ago
I wouldn't advice that, i'd wait for the bearish Bat if i was you.
+1 Reply
nl88 PRO JoMarshall
10 months ago
Testing Harmonics Pattern


Just starting to learn about the patterns. Guess I got to start your signal class soon. Is this correct?
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JoMarshall nl88
10 months ago
Yeah that looks good, your D point should be at 0.7245 though.
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nl88 PRO JoMarshall
10 months ago
Noted ! Thanks for the tip :)
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JoMarshall nl88
10 months ago
You're welcome!
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nl88 PRO JoMarshall
10 months ago
So if we were to enter a new trade, it would be entering now.. SL 0.7260 TP 0.7160.

Is that how it works ?
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JoMarshall nl88
10 months ago
No your stop loss has to be at least 10-15 pips above X. & you should have 2 TP levels, one at 38.2 fib retracement of AD leg and the other at 61.8
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nl88 PRO JoMarshall
10 months ago
Test Harmonics 2


Thanks for being patient. Something like that ?
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nl88 PRO JoMarshall
10 months ago
OMG. my first time trying out harmonic patterns and it worked out! thank you so much for the guidance. I'm definitely reading more into harmonic patterns.
Reply
JoMarshall nl88
10 months ago
You're welcome :). They do work most of the time.
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