Technician
Short

GBPCHF: Short on Gartley Completion

FX:GBPCHF   British Pound / Swiss Franc
525 views
4
525 15
Update: Failed pattern
Loss(pips)= -55(x2)=-110
Accumulated profit/loss (pips) = 2312

Shorting on the completion of bearish Gartley at a retest of the broken trend line .

Trade number: 63
Accumulated profit/loss (pips) = 2422

Pre-trade stats
Number of trades: 62
Winners: 33 Losers: 21 Cancelled: 8
Profit/loss (in pips) = 2422
Open trades: none Pending trades: none
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is moved to breakeven
4. Second unit at second target
5. If 90 percent of first target is reached without triggering entry, trade is cancelled
Failed Gartley
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Looks like my idea was a stop harvesters dream - especially in thin opening markets.
And I was watching the game "Go SeaHawks" when the shooting star formed.
In any event this just does not seem to want to GIVE !!!
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Technician dojitrader
I don't like this candle

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tntsunrise Technician
yeah! totally agree.
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Technician dojitrader
Dont know, but am feeling a bit anxious today
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Is that a pinbar? Does it mean that this pattern is risky?
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Technician ErosTetraodontiformes
Its an hourly pin bar, not a major one. There is always a risk.
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mesmak Technician
what is mean that ?
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Trade is active now
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That candlestick pattern looks rather enticing to just sell the open
and place a stop above the high of the spinning top.
BUT, the smart stops would go above X
SO, what to do ?
Maybe I'll feel lucky ???/
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