dojitrader
Short

Potential Second Wave Gartley - If it gets there . . .

FX:EURJPY   Euro / Japanese Yen
178 3 1
Decent looking Gartley with ab=cd / ab=cd confluence almost on the button
@ 139.73 and fairly low risk above X which is also above the recent high.
So, much above that and this is completely wrong. OR it's a 2nd wave/C wave
and we should see good profits - even below A.
{my mouth is watering - which is *never* a good sign}
Maybe this time ?
Well, it hit the t/p alright !
Invalid this is and off to look for the next trade ^^^^^^^^
Reply
Well, I thought that EurYen was very heavy when I posted this set up.
The longer it takes for this to hit the entry, the less I'm likely to trust the probabilities.
To me the harmonics/symmetry are completely shot ----
Would be interested in other traders rules/ideas/testing on when this trade
is no longer a valid set up. thanks !
Reply
I got the same setup but will not place a limit order yet. Dont forget we ADP employment coming in 20 minutes, be careful with possible spikes to take those stops.

Best regards
Reply
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