Alexander_Nikitin
Short

USDJPY short with gartley

FX:USDJPY   U.S. Dollar/Japanese Yen
Hey, mates. Gartley pattern just completed. Entry is blueline,. stop is red line and target is green line. Watch the explanations below the description (it is called "sample video")
This pattern was found with Pattern Search Software (c)
Visit my website for details: http://www.ps-software.net
Watch the sample video: https://youtu.be/mwZE-Un4V48
Best regards, Alexander Nikitin.
Fulltime professional trader and programmer.

Related Ideas

purpurato59 PRO
4 months ago
I think B goes too deep for a Gartley. Maybe a butterfly later?
snapshot
Reply
Alexander_Nikitin TOP purpurato59
4 months ago
B-point should at least touch 0.618XA and not touch 0.786XA. Here we have 0.705. This ratio lays within the gartley range. So the completion is 1.272AB
+1 Reply
purpurato59 PRO Alexander_Nikitin
4 months ago
I understand Gartley completes at 0,786 XA and we past that point already.
Reply
Alexander_Nikitin TOP purpurato59
4 months ago
It depends on personal rules. 1.272AB gives better risk to reward. No matter what is the completion point, gartley is valid if price didn't hit X (some traders). On my chart it is 0.903XA. Once entered the trade is held until price hits tp or stoploss:)
Reply
Alexander_Nikitin TOP Alexander_Nikitin
4 months ago
some traders don't want price to close beyond X:))
Reply
vdot_1004_2 purpurato59
4 months ago
i said same. reason i did not short. good catch that played today
Reply
Timothy1776
4 months ago
Thank you very much for your help today, I actually placed my stop at 105.000 with a TP at 104.290. Thank you for your analysis and words of wisdom. Have a great day my friend.
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