LewisWNicolson
Short

USDJPY short gartley

FX:USDJPY   U.S. Dollar / Japanese Yen
196 views
5
196 8
Gartley completion at D
Trade active: Lets go.
Comment: missed T1 by 1 pip, so moved stops to break even
Trade closed: stop reached: trailing stop hit
What time frame you on?
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@stupot274, 15 min
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stupot274 LewisWNicolson
@LewisisNude, nice trade, how long do these normally run for
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@stupot274, I cant put a time on it, I normally want it closed by the end of the day. If target 1 is hit, then i will let it run overnight cause my stop loss will be at break even. I suggest you backtest previous data for this pattern, then demo trading it before trading live.
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stupot274 LewisWNicolson
@LewisisNude, cheers. I will, I'm looking into this. Very accurate setups.
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stupot274 LewisWNicolson
@LewisisNude, sorry for all the questions but which 9 pairs do you focus on? I dunno why but this harmonic pattern really sparked some interest.
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@stupot274, GBPUSD, EURUSD, USDJPY, AUDUSD, GBPJPY, NZDUSD, EURJPY, AUDCAD, EURCAD.

you will find that patterns work on every pair. Gartleys have around a 60% strike rate, sometimes 70% depending on the pair.

I also dont keep static targets, i extend the fib all the from the X-D leg. Again, never take my word for it, make sure you go and do your own testing.
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stupot274 LewisWNicolson
@LewisisNude, Thanks bud ill look into it.
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