Possible bearish Gartley (sim butterfly)............
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Could be worth watching this one over the next few days to see if the triangle breaks down and gives a nice run.
. As Miner says.......patience, you sometimes have to wait for the right set-up to appear...................... Plan the trade....trade the plan.
Closed one at +700 the other sits at +400 stop moved to break even
For clarity, nothing I say is advice....
so +480 now but concerned that we've already had the finale at 5? got my answer pretty quickly . 1 hour later new lows.... and had closed out oh well.
Last edited by peat; 21-01-2009 at 09:40 PM.
Nice trade Peat Could even keep heading a little further south perhaps to form a Gartley
I always manage to give some back... :o here , trying to buy the rally (that did eventuate) way too soon
triangle breakout on the upside short time frame - i reckon 150 pips in it have bagged a quick 30 so far with half the trade. trailing stop required. currently 1.6030 +35
this one went (only a bit) lower than I could handle so got stopped - lost slightly more on the second half than I made on the first half oh well.....
Here's one I might try to hang on to for a while. I've been watching this setting-up for a few weeks Chikou break on daily followed by TL break and test. Entry off ledge GTA - arco
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