J_Graystone
Short

AUDUSD Gartley Following Yesterdays Winning Cypher (Follow up)

FX:AUDUSD   Australian Dollar/U.S. Dollar
373 8 8
As posted yesterday, we have this potential Gartley pattern setting up at 7065.
So why am I mentioning it again?
Well a few reasons but mainly:

1) I do my top down analysis 3 times a day. this helps me prepare mentally for my trading each day as im always ahead of the markets in my portfolio. IF>THEN thought process is implemented taking ALL "reacting in the moment" and emotions out of my trading.
2) The pattern has now broken the B leg of the move therefore there is a higher probability that this pattern will complete.

We will be looking to get orders on in todays             London Live Trading Room between 8-11am

http://www.tradeempowered.co.uk
I believe a bat pattern is about to occur on the 15min chart
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ropri4 ropri4
snapshot
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ropri4 ropri4
A to B leg is slightly off
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ropri4 ropri4
and still a winner winner!
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I have a quick question about trading these patterns.... Is there a length of time that would invalidate the pattern? For instance, the trend is moving sideways now (and I could make a case that it's a bull flag forming with some probability of going up to your potential target). How far can this go before you (or the rules) declare the pattern invalid? Thanks, and good luck with the trade!
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Lovely winner yesterday buddy! (Cha-Ching)
+1 Reply
J_Graystone PRO Akil_Stokes
Yep. Having a good week so far! Don't speak too soon though ay?! ;-)
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Looking forward to seeing how this one pans-out today in the trading room...
+1 Reply
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