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
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
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
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