GasperiniGS
Long

Gartley pattern at a great level

FX:EURUSD   Euro Fx/U.S. Dollar
3 months ago
Sorry for posting it late, I have been busy. I actually left my orders with an ATM strategy and I got filled but the stop and targets were not placed. I guess that is why we forward test, right? I have no idea why that happened but I will have to figure it out. Anyways, if you front run your orders you may have been filled. We are on a bullish trend and with room left to go higher.

Good trading! Follow your plan!!
3 months ago
Trade active: 1st target hit, stops rolled to break even
3 months ago
Trade closed: stop reached: Sorry for the delay. I got stopped out on Friday's news event.
pipstrading
3 months ago
the ratio doesnt seem to meet the Gartley requirement?
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GasperiniGS pipstrading
3 months ago
Thanks for your comment! The Gartley is traded in many different ways, so we may have different rules for it. It does not mean that my rules are better though. All I know is that those rules give me a positive expectancy.
Take care!
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pipstrading GasperiniGS
3 months ago
thanks. but i view the current EURUSD structure in a different way. EURUSD broke the double tops neckline, it is retesting the neckline now. therefore, the rebound should not be deep, it should be just touching and testing the double tops neckline... any comment on this ?
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GasperiniGS pipstrading
3 months ago
Everyone sees the market differently. I certainly understand what you are seeing, but I see it in a different way. That Doble top is in no man's land, the next structure (predicted move) is higher and we are currently trending up. We haven't violated previous outside return/pullback/retracement (green box). In other words, for me, we are bullish until we close below the green box (1.1240). Thanks for your comments though, it is interesting to see other traders perspectives!
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GasperiniGS GasperiniGS
3 months ago
It does not mean that I am right and you are wrong. One of us is going to be wrong on this trade, but we could both be successful at the end of the year by trading consistently our trading plan, even though they may get opposite signals sometimes.
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pipstrading GasperiniGS
3 months ago
thanks for sharing. yes, agreed with your point to see different perspectives. to me, double tops is less effective than double bottoms. that is why I am trying to look for 2nd options from tradingview, and happened to see your post.
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GasperiniGS pipstrading
3 months ago
I do not believe that there is any difference between the efficiency of Double tops and Double bottoms. On the other hand, remember that all of this does not matter if one doesn't have a plan. I appreciate your looking for me for an opinion, but you should not look for other traders opinions to take or not take a trade. Find a strategy, backtest it, I trade it consistently!
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pipstrading GasperiniGS
3 months ago
i am curious on your Gartley because i trade harmonics as well. so 78.6 and 88.6 is also Gartley pattern to you?
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GasperiniGS pipstrading
3 months ago
You would have to be more specific on that. To what leg are you referring to?
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pipstrading GasperiniGS
3 months ago
i normally trade the common Gartley, AB = 61.8 XA, AD=78.6XA. however, in this chart, AB=78.6XA, AD = 88.6XA. that is why I was curious... I roughly recall that I saw this kind of combination (78.6+88.6) some time ago, but I forgot which pair it is.
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GasperiniGS pipstrading
3 months ago
Hi! I am a client of Trade Empowered, I do not know if of have heard of them. They taught me that one that I am using, so I BACKTESTED IT in 5 years of historical data, it proved to be profitable, and I am now forward testing it. Wht worries me is that I don't think you have backtested your plan. There is no "normally". Either is one thing or another, your plan should be specific.
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oky_capriatto
3 months ago
How did you set the take profit in this pattern, please answer thanks.
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GasperiniGS oky_capriatto
3 months ago
Fibonacci retracement, tg1 = 38.2. tg2 =61.8
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