Kjetil_Johannesen
Short

Possible bearish Gartley on USDJPY

FX:USDJPY   U.S. Dollar/Japanese Yen
a year ago
We have a possible Gartley Pattern on the 4H with a great risk/reward of approx. 1:1.5 on target1.
X is at a descent structure level. I always use default targets on 3.82 and 6.18 A-D,
but you can also put your target1 on structure at B and still get a decent risk/reward even though this is a Gartley .
a year ago
Trade active: Got filled at 123.622 for 2 positions.
a year ago
Comment: Price missed my target1 by 1 pip, and has started retracing a little bit.
I am therefore, according to my rules, rolling my stops to breakeven to avoid this from becoming a losing trade in case it doesn't reach my target.

I never manually close positions or move targets once they're set.
Price either hits my targets, or hits my stoploss.
a year ago
Comment: Target1 hit for a nice 52 pip win.
Waiting to see if target2 will hit. Stop is already at breakeven for second position.
a year ago
Trade closed: target reached: Hit my target2 for another 85 pips.
137 pips in total for this trade.

I categorize this trade as GW (Good trade / Win).
Good trade meaning I followed my rules.
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