About meI am a Forex trader in Sweden and i trade harmonic patterns and structure based trades with Fibonacci confluence. Follow my patterns at your own risk. I suggest that you come up with your own tradeplan and the right mindset to become a Pro Trader.
This patterns is a little deformed, but X to A is a perfect .382 and A to C is a perfect 1.414
The risk is just 40 pips and D target is just under X and has not closed above which is very good. But the deformation that its has reached the .882 as you can see in the screenshot. This pattern can fail, but a graceful exit is in the tradingplan to secure my trade if...
Filled short with this Bearish Gartly pattern, gained 1546 pips in profit with the first move down. exited and then waited for a retrace and reentered on a 2618 trade kind of style.
First target hit at .382
And the reward is always good when you stick to your trading plan at all cost and don't change anything after you have placed your trade. It feel so good to be a participant in the market and when the market movies in our favor.
The Gartley Pattern The Gartley pattern was outlined by H.M. Gartley in his book Profits in the Stock Market, published in 1935. Although the pattern is named "The Gartley," the book did not discuss specific Fibonacci retracements! It was not until "The Harmonic Trader" was released that the specific retracements of the B point at a .618 and the D point at a .786...