Alexander_Nikitin
Short

GBPUSD. potential sell

FX:GBPUSD   British Pound / U.S. Dollar
A potential Unified Gartley is on the chart. Trading levels and detailed stats are on this screenshot: https://prnt.sc/tww7wo

Note:
1) The stats are only valid if you find patterns the same way as I do

2) The stats are only valid for this financial asset and this timeframe

3) WIn% = win probability; Loss%=loss probability. Keep in mind the Loss%. It is calculated by the formula: Loss%=100%-Win%. You should read it this way: "In this trade I have a Loss% probability to lose what I am risking. Can I accept this risk?"

4) Unified Gartley variations are distinguished by the B and the C ratios (this is UG55 because the B=0.4-0.5 and the C=0.4-0.5)

5) In the market research I tested 0.6XA, 0.7XA, 0.8XA, 0.9XA entries/0.9XA, 1.0XA, 1.1XA, 1.2XA stops/1RR, 1.5RR, 2RR, 2.5RR, 3RR targets - total num of trading levels combinations = 80. The combination on the chart is the one that has the best RR-expectancy with win% >= 50%

6) The pattern is supposed to be traded with limit orders with pending stops and target orders. If you wait for additional confirmation (like priceaction or indicator confluence) you are adding untested variables to the equation. The result is then unpredictable and you are gambling.
Trade closed: target reached: Note how price turned to the upside after target was hit
✅ This pattern was found by MPS-v5.5 pattern recognition software: https://mps-trade.com

✅ The backtest of all patterns was peformed by MPS-v5.5: https://mps-trade.com/

✅ Join my free trading channel: https://t.me/mpstrade

Comments

Entered short position
Reply
@ando818, if your trade plan says to sell then do what it says. mine already played out and there's no reason to open new positions.
Reply
Nice work
Reply
Alexander_Nikitin Deefriello900
@Deefriello900, thank you
Reply
Nice chart
Reply
Alexander_Nikitin plancton0618
@plancton0618, thanks
Reply
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