Rules 1) Tp1 = Fib 38.2 2) Tp2 = Fib 61.8 3) Stop = MAX Tp1 ( as pips) 4) Open order with %2 Risk Management 5) Close Half at TP1, Stop to BreakEven 6) Close all at TP2
Rules 1) Tp1 = Fib 38.2 2) Tp2 = Fib 61.8 3) Stop = MAX Tp1 ( as pips) 4) Open order with %2 Risk Management 5) Close Half at TP1, Stop to BreakEven 6) Close all at TP2
Hi Traders, Please find below three basic trading strategy's that can be implemented to any market on a daily basis. I have only given out basic information on the ratio's and Fibonacci's of the three strategy's, should you need anymore in depth information don't hesitate to contact me. 2618 Rules Of Engagement: 1. Double top 2. Break & close below...
Gartley Advanced formation Tools: *Fibonacci retracements (61.8% and 78.6%) *Fibonacci extension (127.2%) Timeframes: *The Gartley Advanced formation was originally designed as a swing trading strategy. But it also works on lower timeframes. Tactics: *Seek to identify 4 market moves and 3 major Fibonacci zones. The combination of these moves forms the...
STAGE 1: THE BULLISH IMPULSE LEG A bullish impulse leg is a strong move in price action to the upside. The impulse leg can be a mixture of bullish and bearish candles, but must have a bullish overall direction. The start of the impulse leg should be marked as X and the top of the impulse leg should be marked as A. STAGE 2: B LEG RETRACEMENT Now that...
It is the second most important trading pattern in Harmonic Pattern series , called Gartley Pattern which is also frequently observed in markets. This post a second post of educational series related to Harmonic Patterns , In this post, I cover the following things regarding the pattern 1. Pattern Traits 2. Step by Step formation of the Pattern 3. Bullish...
Few Advice that how can you be Good Forex Trader. 1 > Making pips no big issue things is that how you manage it. 2 > Every day is not TP days so be Ready for SL too. 3> Trade for Leave not Leave for Trade/ 4> No one can be Billionaire in a night 5> Never Greed 6> Never be over confident on your Trade. 7> Always use SL 8> If in any trade if get 50+ PIPS book it...
Gartley Pattern. Special thanks to Alexander Nikitin for sharing ;) www.tradingview.com Safe Trades;
Hi, Above, some harmonic patterns that i often look for (bullish ones) These patterns, when identified, have a good risk/reward ratio. They allow traders to enter into the market with minimal risk. Obviously, you need some other confirmations before taking the trade on the pattern completion. If the point D occurs with some divergence on classic oscillators (RSI...
Hi Traders, The idea is to share a tiny portion of the study of Larry Pesavento and Leslie Jouflas about the AB=CD and the Gartley Patterns, with those who are introducing the advanced patterns in your trading method; You will have a lot of information about those guys on the web. Special Thanks to Alexander_Nikitin (www.tradingview.com) Please enjoy...
STAGE 1: THE BULLISH IMPULSE LEG A bullish impulse leg is a strong move in price action to the upside. The impulse leg can be a mixture of bullish and bearish candles, but must have a bullish overall direction. The start of the impulse leg should be marked as X and the top of the impulse leg should be marked as A. STAGE 2: B LEG RETRACEMENT Now that...
Educational Study: This is an example of how you combine Gartley Pattern and 2618 Trade Together 1 Long the Gartley Entry: 2. Take Profit at TP1 AND TP2 3. Short at 0.618: 0.6790, SL: 0.6903, TP1: 0.6620 TP2: 0.6480 4. Look for RSI Over Bought and Trend Line Retest.