I trade purely on technical analysis.
I cannot predict what will happen next, i simple follow my trading plan, and if trades set up that fits this plan i take them.
Here is 2 potential gartleys :)
Patterns are Best in what they do :)
Disclaimer : I don't degrade other strategies, every strategy is good in own way !
Find this wonder while doing my Sunday morning analysis... 5 back to back patterns in IDBI
Only the Bear Cypher is yet to complete in IDBI
I didn't mark patterns which hit stop loss
Happy Sunday !!
Hello,
Errol Here...
In the comment I will share 2 links with you of which 1 of them will be my Weekly forex Forecast and 2 will be a video I did on how to trade the Cypher pattern. All the rules and what I use to determine stops and targets.
Dont miss these videos so check the comments below
While I am still grabbing pips from the previous trade I posted ( a bullish bat pattern, see link below), a new pattern is taking shape. A bearish cypher can complete around 0.7130.
If price action reaches the red zone, I will look for a sign to stop and reverse the trade, so at this moment I cannot give you an exact entry point. Stop Loss would go above 0.7160...
AS oil sells off to the down side, pattern traders have 2 shots to get involved on. First, the bear bat which is in line with the underlying bear trend. As well as a bull bat which is more clear on the 4 hour chart.
Good Trading Guys
