dojitrader
Short

Butterfly Meets Gartley - Will They Create A Short ???

FX:USOIL   Crude Oil (WTI)
133 7 5
I kinda like this set up ~~~~ Uh Ooohh!
(If I'm not sweating bullets that's when I need to worry)
Stops are debatable with the Gartley going above X
but, Butterflies are usually immediate reversal patterns
that need small stops and both patterns are right up against
resistance allowing for a smaller stop, in my mind, just above
103.71 where A = C. How tight is the question ~~~~~~
Seasonally, Oil             tends to continue it's rally through April             .
Let's hope that by the time price reaches the entry, the
season will be over.
{Have I ever mentioned that the candlesticks are my best tool
for entries and stops ?}
great work
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A lot of confluence and all. I am taking this trade.
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Geeezzzz ! Seems like, lately, I can not find anything with follow through.
Even my dog takes off in different directions *******
This may have been an almost no risk trade --- My ego Hates Being Wrong !
(more than being profitable I think, a constant inner battle)
Guess I need to do more work this weekend. The market seems to be saying "Go Long".
Perhaps the good news is with the markets lingering or temporarily moving and my direction,
at least I still know where to find support and resistance. It just keeps breaking ~~~~~~
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Well, I got my top end price, but, boy: I came too close
to being stopped out. Probably not the smartest, but for now,
sitting pretty with an almost no risk trade.
The waiting begins . . .
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Hey doji, take a look at

Your contribution has been referenced :)
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Good Idea, I like specially the R:R in this trade. Keep it up ;-)
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dojitrader FxSaint
thanks ! Like your status says, risk management is the name of the game ~~~~~~~
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