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Alexander_Nikitin
Apr 5, 2019 1:26 PM

GBPJPY. Unified Gartley.  

British Pound/Japanese YenFXCM

Description

Here's the Unified gartley. Almost completed. Pretty obvious swing identification. When I say "obvious" I mean that at least three algorithms draw the swings the same way. Here, five algorithms on 60M and one algorithm on 30M find swing this way.
If you guys, are following me for a while then you should know that the more obvious is the pattern the less likely it is to work (as a reversal).
You can argue saying that this author says this and some other author says something else but math never lies.
So, what are your numbers with this pattern based on your backtests?

Trade active

Now the pattern completed.
Comments
Tahminci_Ciragi
Thanks a lot!
mjcbfkhw
Well, as far as I remember a typical correction should be 33% to 66% according to H.M.Gartley. In case of deeper corrections we have a higher probability of a reversal. Moreover, the a-b-c-d movement shows a sequence of lower lows and lower highs - this is another indication of a downtrend started. That's why it should be a SELL here.
lnsitpwv
@mjcbfkhw, Agreed.
Alexander_Nikitin
@lnsitpwv, Yep, you are right.
ksroblto
thank you
Alexander_Nikitin
@ksroblto, welcome
fothqebi
thanks
Alexander_Nikitin
@fothqebi, you are welcome
msuyxzhb
interesting idea
Alexander_Nikitin
@msuyxzhb, thank you for your comment
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