EURGBP, 30. 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: 0.3-0.4XA
C-point: 0.8-0.9AB
Entry(limit order):0.7XA
Stoploss(stop order): 0.9XA
Target(limit order): 1 to 1 RR
Historical performance:
First bar in history: 1999.01.04 13/00/00
Total patterns found: 30
Number of winners: 21
Average winner: 9.9 pips
Probabilitiy of win: 70%
Average RR: 0.85
R-expectancy: 0.2972
Pattern details and a trade plan:
Swing identificaiton: prex(6)
B-point: 0.3-0.4XA
C-point: 0.8-0.9AB
Entry(limit order):0.7XA
Stoploss(stop order): 0.9XA
Target(limit order): 1 to 1 RR
Historical performance:
First bar in history: 1999.01.04 13/00/00
Total patterns found: 30
Number of winners: 21
Average winner: 9.9 pips
Probabilitiy of win: 70%
Average RR: 0.85
R-expectancy: 0.2972
Order cancelled
the C-point was exceeded
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