good question Arco
my default setting in FXGame is SL=30 TP=100
but for this trade I set a 50 pip stop at 1.5699 this being where I had set the X point and TP was set to the previous days high at 1.5915 giving approx a 3:1 reward to risk ratio.
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good question Arco
my default setting in FXGame is SL=30 TP=100
but for this trade I set a 50 pip stop at 1.5699 this being where I had set the X point and TP was set to the previous days high at 1.5915 giving approx a 3:1 reward to risk ratio.
nice clean count with some harmonics
short target possible forming butterfly 159
in fact most eur crosses looking to move south
Hi All
Possible a,b,c in action giving potential for 450 pips
south to complete Red Gartley and 1300+ north if
this scenario unfolds.
PTZs shown for old blue BF and potential Red Gartley
GTA - arco
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Plot is slowly making its way south towards the red box
(see previous post) with an overnight low of 1.6286
So, circa 250 pips in the bag, and perhaps 100-150 more
pips left as we start to look for a turn north to gather the
main prize.
is this correction of the rally now another chance to enter for that main prize you think arco?
i tried to enter a couple of days ago at 1.6070 but only had a 40 pip stop and it went to 1.6000
I've dipped again (small) at this level 1.6160 and will give it significantly more room to move this time....
big spread and volatility - not an easy cross
so, have closed that last one out +68 and am seeing a bullish gartley shaping up so have put in limit buys all the way down to the D point.
bullsih gartley has perfectly completed. all entries executed - would have been better to wait and get them all at lower price (hindsight is brilliant!)
average price = 1.6111
this one looks promising for a long
peats gartley morphed into butterfly on hourlies
on daily time frame bigger gartley printing right now
divergence on q stick
looks like c wave correction complete with a hammer bottom
dailyfx jamie reckons may go a tad lower but i would be tempted to have a go at a low risk entry on the hammer bottom as risk limit
hi peat
any thoughts on this one
waiting for a possible gartley entry on hourlies 159 66 sl 159.oo
i still have a limit buy down at 159
but the short term uptrend last few days has been broken on the hourlies at 1400 today.