FX:NZDJPY   New Zealand Dollar / Japanese Yen
Hey, traders. Here's the pattern I call "Unified Gartley". It unites the features of both Bat Pattern and a Gartley pattern . I discovered it myself doing market research. Up to 68% probability to hit 38.2 before touching X-point (depending on pair, of course) if it is used in combination with ACS-based swing identification technique. This technique is pure calculations... So, no more "looks like an impulse..." or "seems to be a correction...". Only black and white. 100 traders using it correct way will have 100 absolutely identical drawings on their charts.
Trade active: Sold it))
Trade closed: stop reached: Closed this Gartley and sold the lager Cypher. Revenge trade is here)))
Comment: I mean this one
Trade closed: target reached: The cypher hit both targets)
Nice, so 0.382 of AD instead of CD right?
Allthough it looks like that fib. retracement starts from the close of that red candle which forms A and not from the low..., is that correct?

What's 'ACS-based swing identification technique'?
Yes, it is 38.2 AD for Unified Gartley and 38.2 CD for Cypher. Frome the lowest close. ACS-based means based on Average Correction Size principle.
KVE Alexander_Nikitin
took this one too, looks quite good at the moment :-)
Well, yes. Let's see if we can have some profits of it))
Hi, so basically with this kind of analysis our entry point is when the price touches the line at point D, with SL at X and what about take profit? Is this always the same procedure? Any attention at the news to be given whilst using this method? Thank you very much
Alexander_Nikitin Riccardo.Lovo
I close my whole position at 38,2. Earlier I had 61,8 target. But it required some menagement. Needed to stay around my computer when price goes close to 38.2 to breakeven the trade. My time is gold. Do not want to invest it into these manipulations because the outcome is almost the same. As for you... You need to test the strategy first and decide what is the best way of trading it. And only do what you have tested.
Riccardo.Lovo Alexander_Nikitin
How can you have the first target before the second? If you short you would have the first target at 38.2 (where closing half of position you reach a hypotetic breakeven), then the rest at 61.8.
My question is more about the trading method in general.
Alexander_Nikitin Riccardo.Lovo
Recently I switched to trade only 38,2. When I said earlier I had 61,8 this means time not the market. I traded 61.8 before I changed the strategy to trade only 38.2. That's it))). The procedure is always the same. No need to pay attention to anything else except the structure and the size of correction, relationships between impulses and fibonacci levels for entries ans exits. Very simple to execute))
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