Update: 1st Target reached without triggering entry... Trade cancelled. ----------------------------------------------------------------------------------------------------------------
-A harmonic Gartley on the daily chart with an ideal ABCD pattern -Multiple Pin Bars at the potential reversal zone of the pattern -Triple top on the four-hour chart -Bearish divergence on the four-hour chart
Lets see how this one goes mates, Trade Safe, and Best of Luck , Join me at twitter.com/thefxchannel Also at my Facebook page thefxchannel.com My best regards, Technician
================================================================== Trading Criteria: 1. Trades are taken in two units 2. First unit would be closed at first target 3. Stop loss is then moved to break-even 4. Second unit would be closed at second target Notes: 1) If 90 percent of first target is reached I move stop loss to breakeven. 2) If 90 percent of first target is reached without triggering entry I cancel the trade. 3) Remember: Losing is a main part of the game
Update: 1st Target reached without triggering entry... Trade cancelled.
Timing_is_key
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Great call none the less!, Pin Bars @ 0.786 with Pattern, No pullback on this one:(, no choice but to cancel....Interested to know if you have a method to determine the level of your pullback for entry, % of previous candle, Set Pip value based on R/R?
Thanks
TIK
Elogos
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1st target reached without entry.
manijeh.kazemi.33
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thanks for this post
BSVCF
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Nice analysis....Do you see these Gartley patterns before you plot the lines? like is it just something you naturally see now as an experienced trader?
Technician
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The Gartley pattern is not important per se, but when other technicals confirm the trade it becomes more important in my view.
Kumowizard
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Can I ask why don't you rather buy EURCAD if you have this view? I mean EURCHF has a floor at 1,2000 which is unlikely to be released any time soon. This way CHF appreciation is limited a bit.