USDJPY short gartley and bat Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Feb 7, 2017 9:10 PM

Those of you lucky enough to take part in this opportunity.

Here we have a gartley and then a bat straight after.

This fits my trading plan because the bat entry is past the stop loss of the gartley.

However it could even hit targets on gartley then head straight back up for the bat.

Sadly, i will probably miss this opportunity cause i will be zzzzzzzZZZZZZzzzz :(

Comment

⋅ Feb 8, 2017 3:10 PM

for me, the gartley is longer valid on this because it has retraced below the 88.6%.

Bat is still valid until the x leg is broken

Comment

⋅ Feb 8, 2017 4:09 PM

(i meant to say the gartley is NO longer valid)

My bad :)

Trade active

⋅ Feb 9, 2017 4:46 PM

Bat has come into play :)

Comments

ianchris

⋅ Feb 8, 2017 3:13 PM

Hey, can you please explain more detailed why both patterns are still valid for you?
"Comment: for me, the gartley is longer valid on this because it has retraced below the 88.6%.
Bat is still valid until the x leg is broken"

LewisWNicolson

⋅ Feb 8, 2017 4:07 PM

@ianchris, yeh, its pretty straight forward.

when i trade gartleys, I dont allow the C leg to retrace further than 88.6%.

the bat pattern is valid because the C leg can retrace all the way to the X leg, it just isnt allowed to break passed it.

Hope that helps :)

LewisWNicolson

⋅ Feb 8, 2017 4:08 PM

@LewisisNude, I also just realized that i had a typo.

I meant to say that the gartley is NO longer valid. hahah sorry

ianchris

⋅ Feb 8, 2017 4:10 PM

@LewisisNude, thanks. No I understand :D