euraud. unified gartley
Updated
A potential unified gartley is setting up. Below is the best (to my mind) way of trading it based on my market research.
Pattern details and a trade plan:
Swing identificaiton: prex(6)
B-point: 0.7-0.8XA
C-point: 0.3-0.4AB
Entry(limit order):0.9XA
Stoploss(stop order): 1.0XA
Target(limit order): 1 to 1 RR
Historical performance:
First bar in history: 2004.06.16 15/00/00
Total patterns found: 6
Number of winners: 4
Average winner: 16.8 pips
Probabilitiy of win: 66.67%
Average RR: 1.12
R-expectancy: 0.4105
Pattern details and a trade plan:
Swing identificaiton: prex(6)
B-point: 0.7-0.8XA
C-point: 0.3-0.4AB
Entry(limit order):0.9XA
Stoploss(stop order): 1.0XA
Target(limit order): 1 to 1 RR
Historical performance:
First bar in history: 2004.06.16 15/00/00
Total patterns found: 6
Number of winners: 4
Average winner: 16.8 pips
Probabilitiy of win: 66.67%
Average RR: 1.12
R-expectancy: 0.4105
Trade closed: target reached
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