Alexander_Nikitin
Short

Using Gartley Formation as Trend Continuation + Acknowledgement

FX:EURJPY   Euro Fx/Japanese Yen
Hey, traders. Here's an example of trades we found recently. The idea is that a trend is a tendency of price to move in one direction. With that being said now look at the chart. We are obviously bearish . A series of lower lows and lower highs is pretty noticeable. What will indicate that the trend is over? It is a violation of the most resent high. That's why the stop is placed here. Targets are on the chart. I strongly recommend my students first the 61,8 target and become consistently profitable with it before they even think about the extended targets that I poersonally use. Hope you find the information helpful.
By the way. Some acknowledgements. I appreciate you gyus following me. It is 1000+ subscribers here on Tradingview. You support is very helpful for me. Keep up that work, mates. I appreciate it a lot.
As I usually say in the end: Click likes, share and follow me here if the information was valuable.
Order cancelled: Hey, traders. This one didn't trigger
I wonder why you didn't wait for the retest of the 78,5 % level. The gartley is not completed. There has been no D level.
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Hey, mate. Stop replacing the reality with your thoughts. Where do you see any sign of me entering the trade?
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motleifaul Alexander_Nikitin
You mean that the label "short", the placement of Stopp loss levels and targets doesn't mean a deal. How does it lokk like when you enter a deal then, golubchik?
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There is a position analyser placed to the chart. The line between red and green means the entry. If price goes there then I am in. And, of course, I know my stops and targets BEFORE I enter. To demonstrate this I place them to the chart. The lable "short" only means the bias of the trade. Most of ideas here on Tradingview are composed this way.
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