A lot of people will be feeling the sting off that weekend gap. A gartley has formed, however, i wont be taking this trade for the simple fact that i dont feel comfortable with it. I dont know enough about gaps, especially one that has gapped this far, so i would rather protect my capital than take this trade. Let the market run on for longer before getting...
Gartley completion at D leg (blue). Then bat completion further up. I will be taking both of these trades if given the opportunity.
Bat completion at D leg. Make sure you check your data and make sure it touches the 50% retracement :)
at market now. I managed to get for a better price on this :)
(im not trading cyphers yet, still in the testing part of them) But starting to get the reps in and notice them when i see them. Its already completed
Took a kicking off gbpjpy yesterday trying to get in on the gartley and also the bat that formed after it.... However, I dont trade fundamentals and Mays speech sent gbp to the moon, so i was still sticking to the plan. The only fundamentals that i tend to stay clear of is NFP. Anyway, potential gartley here on USDJPY.. The risk/reward is pretty rubbish on MT4...
Cant help but check the charts even though its the easter holiday. Gartley on the usdjpy
Miles away from entry price yet. But the orders are in anyway. Bat completion at D point :)
gartley Completion at D leg. This will be a sllllllooooooowwww week, easter holidays. So perfect time to smash the backtesting