EURUSD: Potential Bullish Gartley on the Hourly

FX:EURUSD   Euro / U.S. Dollar
Potential Bullish Gartley pattern here on the EURUSD             1 hour chart completing at 1.1206. The recent consolidation on the Euro             has been good for pattern traders allowing us to profit on the Gartley/Cypher from earlier in the week, hopefully this Gartley can deliver us the same. (http://tradeempowered.com/inside-the-war-room-hangout/)

One thing about this particular pattern that you may want to keep an eye out for is the potential risk/reward. The safest place for a stop loss is going to be below the 1.1150’s level and because it’s not a deep “D” completion that may mean stretching your risk reward ratio past 1:1 if you want to be down there. That’s a personal decision obviously, but I do think it’s something to think about if taking this trade.

Akil Stokes
Chief Currency Analysis at Trade Empowered
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Thanks Akil for all your efforts, really appreciate it.
+2 Reply
No problem man. Thanks for always being supportive. People like you make some of the others easier to deal with
+4 Reply
Time and time again, some people just have too much free time on their hands. How does that saying go? "Idle hands are the devil's fan?" Or something like that. Look, if you DON'T like trading advanced patterns, then like Akiil or somebody else said, DON'T FOLLOW threads that talk about advanced patterns! SIMPLE! Trading for 10 years? Dude, I've been trading before you even ever saw a chart! I've been trading before there were e-charts and I had to plot prices on graph paper by looking at EOD data from the newspapers and call into my broker to place trades! So if you want to use your experience as a way to justify your position, you've got NOTHING on me!

If you have ever read my posts, you would know that I use advanced patterns extensively and they are integral to my trading system. You want to knit pick on winning trades using advanced patterns? I recently posted a summary of my DOCUMENTED trades here on Tradingview on the USDJPY pair that is a pair that I closely follow in which the past 1+ months, I've posted winning trade after winning trade to the tune of over +2200 pips! And advanced patterns were all involved in those trades, dude! Yes, my strategy does not ONLY use advanced patterns but they work! I haven't done a summary of the EURUSD pair but I can tell you off the top of my head that my POSTED trades in this pair also have made hundreds if not thousands of pips. DOCUMENTED trades. Sure, there are losers in there but my losing trades usually lose under 100 pips and most times...much less than that! While my winning trades regularly bring in hundreds of pips per trade. So I don't know what is your beef with advanced patterns or Akil for that matter but you just gotta either CHILL with your criticisms or just find something else to occupy your time! I look at your posts and I can see that you use a breakout strategy. I can criticize that all the live long day. But why waste my time on such banality? I've got so much better things to do like plotting my next winning advanced pattern trade!

Yes, like Akil and many others here, I only post a portion of my actual trades. Why? 1. I don't have so much time on my hands to be able to post and follow up properly if I were to post all my trades. 2. Although I don't run a teaching academy like Akil, I also have private clients who pay me for my analysis and they would not be so happy to see me posting trades for free that they pay for! But I can assure you that they make PLENTY OF MONEY from my analysis. Look at my posts and you'll see that I put A LOT OF TIME and effort into them.

So either just remove any poster who even draws an advanced pattern or mentions a bat or else, do what you said and keep your word....just remove yourself from tradingview altogether. Negativity like yours we can all do without! Peace!
+12 Reply
Rocketman EverythingForex
Subscribers to a $200 service on his demo account, yeah.
Ouch...to all the longs. My short was nice tho! Should pay attention to the legs on the higher time frames. These shapes say nothing about the legs.
lost 110 pips on this pattern today. but anyway, the other pattern succeeded so not a big deal.
+2 Reply
ThomasJeff_DCM magforexdotbiz
Next time when price is half way to traget 1. I would start to move my stop towards break even.
leszekstanislaw ThomasJeff_DCM
Statistically I am better not moving stops to BE - not a good idea. So my trading plan tells move SL to BE when profit is twice like initial SL. Then and only then.
+1 Reply
ThomasJeff_DCM leszekstanislaw
You should always backtest and build a trade plan around what you find the most profitable during your method devolopment.
+1 Reply
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