Deep Gartley Setup in Gold

hi Davood khan

hi, may i have a question. If i short gold at $1230 and my stop loss set at $1240 and i only can risk $100 per trade, what size should i trade?

0.1 lot - Bear in mind that 1240 is a tight stop loss, I suggest you to consider above 1249. Hamed

yup, i set my SL to 1250. i just wonder how to calculate the trading size. thx for advice

I use two types of stops for trading Harmonic patterns.
The more conservative way is to put your stop above the previous high (which is the X point).
The more aggressive way is to wait for a rejection in the PRZ and put your stop above the turning point. In this case I reenter if I get stopped out and a new rejection from the PRZ occurs.

hi Mr Wadi

az rahnamayi dishabet tashokor mikonam,mofid bod.

Hi Aboozar,

You did a great job pointing out those patterns for EURUSD and XAUUSD.
I would like to see more trendlines in higher and lower time frames on your gold chart to get more convergence Aboozar.

hi Mr Wadi
thank's
long term chart


short term

my target is 1254-1261

Great charts Aboozar.
Your target is in match with the guidelines of the corrections, which is the 4th wave of the lesser degree

EURUSD chart

montly , long term