dojitrader
Long

Gartley Lacking Confluence Makes Entry/Stops Multiple Choice ???

FX:USDJPY   U.S. Dollar/Japanese Yen
500 4 7
Perhaps it's all about your rules ~~~~~
And tolerance psychology for patiently holding negative pips ?
I'm hoping the candlesticks yield an obvious trigger
for a long with stops in the .886 area so there is the lowest risk.
Might have to enter this one twice
I've got the same pattern on my radar. One good thing about the bat. IF it gets down there it'll provide us with a better risk/reward option than the Gartley.
Reply
dojitrader Akil_Stokes
Good Morning !
This is no longer a valid pattern for my rules. The B to C leg
has surpassed .886 having reached .97
Would you agree ?
I will, however, be interested from a structure perspective and EWave
e leg of a triangle if it does head back down to the 116.20 area.
Wishing you lots of pips in 2015 !!!!!!1
Reply
Morning!, It's still valid per the rules I follow. Wishing you many many pips as well this year!
Reply
Just noticed my brain is not working this morning ~~~~
With the A to B leg @ .559 ( I thought I saw .595, almost .618)
being closer to .50 than .618 my rules should call this a Bat pattern
which means, should price get there, I won't be real interested in trading it until
the .886 for Pt D
+1 Reply
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