gartley in progress !

FX:AUDUSD   Australian Dollar / U.S. Dollar
57 5 0
found out breakout turn to be a gartley pattern
I see market making lower lows and lower highs. Don't expect it to come up after D completion. May be we'll see some kind of correction but not as large as 0,382AD which is the first target for patterns. Moreover, this pattern is not Gartley (according to T2U rules) as it's C-point fails to hit 0,618AB. This falure (according to T2U rules) invalidates Gartley but Sets up potential Crab. Crab's D is 1,618XA. So, I expect the market to go beyond X before we have some upward movement you are hunting. Cheers.
ThisIsHaxor Alexander_Nikitin
i was expect the breakout first only than i prefer to trade according to pattern, cause if u see in H4 i will find out descending triangle. Btw thank you for correct me up. :D
+1 Reply
No matter what I say, it's ok if you have a plan)). trade you plann litterally for 20-25 trades. No changes, no doubts. After that review your rules, make some tweaks and then trade another set of 20-25 trades. If changes improve your results - ok, if not - discard them. Then another 20-25. And so on and so for. This process never ends. The idea is not to review your rules after every trade but only after a stream of trades. If your stream generates profits - then don't listen to my chatter)))
ThisIsHaxor Alexander_Nikitin
LOL! no i don't care if anyone correct my mistake, because i just share my opinion .. it will be pleasure if i found and realize it.
+1 Reply
There's one thing when you trade a set of 20-25. You begin to realize, that mistakes don't exist. You are to trade the set till the end with your rules even if the rules are erroneous. You are not alloweded to make correct your mistakes utill you are done. By the way, a mistake is a mistake only if others do something different from what you do. Succesfull trades always do the opposite what majority of traders does. That's why mojority's money migrate to succesfull trader's accounts. Successfull traders are always mistaken))
+1 Reply
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