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WendelinProbst
Sep 20, 2014 6:31 PM

EURAUD: Long Gartley conflicting with current Bat short trade Long

Euro Fx/Australian DollarFXCM

Description

doesn`t matter I trade both as they have completely different trade sizes due to different price ranges and risk. I will trade the small one with a bigger size and its possible that both patterns will strike. So in case the small one gets triggered I won`t be short any more but also have not the full position size of the bearish pattern. But if we hit the targets on the small one, of course the full position is covered so I am short again the original bear position. If the small one gets stopped (or just the seconc position on entry)out, then I am also back in the original position. This may work out in a way that both patterns hit targets. Both could be stopped out as well. But the probabilities are in my favour in both cases.

I like the Gartley as the D leg (1.27 of AB) is also near the .886 of XA. but I also like the AB=CD of the big Bat
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