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 .
Trade active
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Got filled at 123.622 for 2 positions.
Comment
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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.
Comment
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Target1 hit for a nice 52 pip win. Waiting to see if target2 will hit. Stop is already at breakeven for second position.
Trade closed: target reached
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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.