dr.gsbharaj
Long

USDCHF bullish gartley 240 min

FX:USDCHF   U.S. Dollar/Swiss Franc
50 5 1
hey i am long on this trade.iz
How do you choose the time frame to base your patterns on? Does the time frame influence where you place your target and how patient you will be with a trade?
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dr.gsbharaj d01161132
i usually trade 4 hours chart as i look at the weekly support and resistance. when price reaches D i look for key areas and if the price action gives me confirmation, i take the trade. for this pattern the gartley was not complete. AB=CD rule was not met. as the price was at support and jumped in and got my fingers burned. didnot looked for reversal.
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pattern failed. from now on i will not trade every pattern . will wait for confirmation even if it gives me few pips.
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the stoploss is wrongly set here. i am still in the trade
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I am long too
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