FX:GBPAUD   British Pound/Australian Dollar
46 6 1
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we are thinking the same thing... where are you hanging your stop?
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WSM dionvuletich
good morning Dion,respecting psychological number will be 2.08155 in the worst case will be enough for me to be out but actually should reverse earlier almost less than 30 pips as my back testing,good luck
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Hey WSM, I struggle with these reversals that occur where there are no price references... why 2.08155, I do want to short though but I usually give up some pips waiting for a little confirmation first
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WSM dionvuletich
all the respect for you style for sure and yes for me there's 15m candle closed doji inside the channel and according to my back testing i trade it always like that and it's works ,let me know if you have better way for confirmation thanks
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No, I don't which is why I'm asking you =D Lol... as a rule I rarely trade butterflies unless they give a clear reversal signal first, not the best way but it works ok
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WSM dionvuletich
the thing is i never trust butterfly except it's at structure and should at least touch 78.6 for b leg but what i already got was a lower time frame gartley which completed 2.06194 which only reversed to 23 fib. which represented trend continuation as i already longed the channel from psychological number 2.03000 .
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