Here's a look at the trade discussed in this week's Forex Market Preview video. It's a deep bullish gartley completion which offers an excellent risk to reward.
I hope you guys enjoy the lesson on Money Management and I'll see you in 2017!!!
Hi, do we need to wait for any confirmation when price reached the entry point for advance patterns? Since advance pattern entry is always countertrend (at least for the short term trend), a lot of time the momentum doesn't stop and went on to hit SL like this case.
Akil_Stokes
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@chyeo1979, I personally don't, i prefer to enter at the completion point, but you can certainly use a more conservative approach where confirmation is required before entering
SebastianRasch
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Hey Akil, do you know any good books on wave analysis and harmonic patterns that you could recommend? Maybe even one that examines both in one book?
Akil_Stokes
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@Superkloton, A great book for starters is "Trade What You See" by Larry Pesavento