A potential unified gartley is setting up.
Pattern details and a trade plan:
Swing identificaiton: prex(6)
B-point: 0.4-0.5XA
C-point: 0.6-0.7AB
Entry(limit order): 0.6XA
Stoploss(stop order): 1XA
Target(limit order): 1 to 1 RR
Historical performance:
First bar in history: 1999/01/04 9:00:00
Total patterns found: 34
Number of winners: 17
Average winner: 52.7 pips
Probability of win: 50.00%
Average RR: 1.45
R-expectancy: 0.2232
Pattern details and a trade plan:
Swing identificaiton: prex(6)
B-point: 0.4-0.5XA
C-point: 0.6-0.7AB
Entry(limit order): 0.6XA
Stoploss(stop order): 1XA
Target(limit order): 1 to 1 RR
Historical performance:
First bar in history: 1999/01/04 9:00:00
Total patterns found: 34
Number of winners: 17
Average winner: 52.7 pips
Probability of win: 50.00%
Average RR: 1.45
R-expectancy: 0.2232
Trade active:
now the pattern completed:
Trade closed: target reached:
B-point is reached. Closed 1/3 of my position. 2/3 left
Comment:
closed the rest of my position breakeven because price bounced from the B-point.
