AndyLeo
Short

ANOTHER SHORT on EURUSD

FX:EURUSD   Euro Fx/U.S. Dollar
91 12 3
After GBPUSD             lets go to EURUSD             now..

TP 1 has been touched. Now let us hit the TP 2 !
TP1? TP2? Where? What are your TP rules regarding POSSIBLE patterns?
Reply
AndyLeo
a year ago
My TP 1 is at TL2 area as I explained in the chart before.
My TP 2 will be at confluence area of TL3, and 127.2 retracement of BC leg,, and if it really reach here then I think Gartley Setup is completed.
Im just a newbie posting my thoughts here, hope you can point out my mistakes so I can learn :D
Reply
riskmode TOP AndyLeo
a year ago
The mistake is you're supposed to buy at D not sell in to D lol
Reply
AndyLeo riskmode
a year ago
Yes I know, its just that the end of gartley pattern coincidentally rest at my TL3 and if I look to the left the 127,2 retracement is also at a key level(21-Apr-2015) thats why I just drew the setup (or maybe I shouldn't?) and Ive explained that I will enter another position regarding the setup after it is completed and see what price action will be doing there to confirm it as explained in the chart before. I basically trade on TL, S&R and MA.

Thankyou for reminding me sir.
Reply
EverythingForex PRO AndyLeo
a year ago
No. You're setups are not wrong. Look at my post last week. Only your TP's are not making any sense without explaining how you got them. Personally, I only take trades upon pattern completions. Not speculating upon the CD leg completion. Because without prices actually reaching the D point, the pattern does not exist!
EURUSD: Much Too Early Projections Of Possible Gartley/Bat/Crab
Reply
AndyLeo EverythingForex
a year ago
In the position I am now I dont trade based on the harmonic patterns because it is not formed yet, my trade is based on my TL and S&R and MA, its just that the 1st possible ending of this trend is at my key areas so I just drew it and see if it will form a harmonic pattern to enter a new position.

Im sorry for being confusing
Reply
EverythingForex PRO AndyLeo
a year ago
Don't be sorry, bro. If you are making pips this way, that's all that matters. If you post your trades here, I assume you want to help people here to also make pips. Just need to be more clear how you do it is all. Good work.
Reply
AndyLeo EverythingForex
a year ago
Thankyou, appreciate that.
Reply
EverythingForex PRO AndyLeo
a year ago
Ok. Np. Anyone who is making money, I'd just like to know how. Although I've been trading for over 20+ years, I'm always willing to learn new things. This old dog CAN learn new tricks! It's just about making bank. Not who's right or who's wrong in my book.

But, if you are trading advanced patterns, these TP's you have don't apply to the harmonic pattern rules, just as riskmode stated. That's why I asked. Was kinda confusing....
+1 Reply
AndyLeo EverythingForex
a year ago
Yes I know sir, maybe I shouldn't draw the pattern before it is completed.
It's just that the end of the leg has many confluences with my key levels so I just drew it. :D
Reply
AndyLeo
a year ago
Those price labels are my TP sir
Reply
AndyLeo
a year ago
*as explained in my previous post*
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