dr.gsbharaj
Long

USDCHF bullish gartley 240 min

FX:USDCHF   U.S. Dollar/Swiss Franc
48 5 1
hey i am long on this trade.iz
I am long too
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the stoploss is wrongly set here. i am still in the trade
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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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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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