Alexander_Nikitin
Long

Euraud. Unified gartley

FX:EURAUD   Euro / Australian Dollar
A unified gartley is about to complete on AUDUSD . The swing identification algorithm is prex(12) on 30M timframe. I switch the timeframe to 60M because TV preffers higher timeframes.

Historically, on this pair and this timeframe (30M), the pattern with this swing identification and with these ratios (B-point is 0.463 and C-point is 0.793) has a higher probability for a reversal (up to 0.522XA) rather than for a continuation(same distance in opposite direction (down to 1.05XA). The exact probability numbers are 54.17% for a reversal and 45.83% for a continuation.

My personal approach is to trade this setup as a reversal. I will buy it as soon as it hits the 0.786XA. Here 1.05XA is the stoploss and 0.522XA is the takeprofit.

This is not a trade recommendation for you. Don't trade this pattern if you didn't do the backtest of the strategy. This is simply a demonstration of my approach.
Trade active: buy orders activated.
This pattern was found by the MPS-v5.5 pattern recognition software: https://mps-trade.com

My YouTube channel: https://www.youtube.com/user/alexniquitos/
Nice, Alexander.
Reply
@rludvik, thanks
Reply
Isn't it a Bat? The B is less than 0.618
Reply
@noficoul53, I don't split the pattern to Bats or Gartleys. They are all gartleys for me.
Reply
I have similar results in my backtest. Nice to have a confirmation.
Reply
@momidraid, Nice to hear that:)
Reply
thank you, batman
Reply
@mofrisesh, you are welcome
Reply
your research is golden. I became a much better trader following your instructions. thank you.
Reply
@fustuton4, thanks for your feedback.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out