FX:AUDUSD   Australian Dollar/U.S. Dollar
125 5 2
Chart worth a 100+ pips
machos
3 years ago
When are you taking profit/have you already taken profit?
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fximperija
3 years ago
Always take my T1 @ 38.2 and the T2 @ 61.8 and trail the rest which, in this case closed at BE @ T1. When reaching T2 I move my SL @ T1 and trail. I use triple position, close the first @ T1, close the second @ T3 and let the third run with trailing stop. Profit: T1 - 1lot, T2 - 1lot and T1 - 1lot.
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fximperija
3 years ago
As I wrote earlier this chart is worth 100+ pips, to be precise 147 pips :)
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Masry
3 years ago
I have a question why did you consider this a Gartly and not a Bat?
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fximperija
3 years ago
You think because of the 78.6 retracement of the XA? From the structure point of view it is a Bat. I decided for 78.6 since the previous low (right behind the gap) came into the 78.6 and if price violates that level we have a new low and the chance for bearish move rises considerably. Further more if look left you'll find strong support levels right at this price (July highs). You don't have to follow the pattern structure so strictly. The chances to find the perfect one are very low. As you can see the price bounced right st the 78.6 and went up.
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