USDCAD. 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.-0.4XA
C-point: 0.6-0.7AB
Entry(limit order):0.9XA
Stoploss(stop order): 1.1XA
Target(limit order): 1 to 1 RR
Historical performance:
First bar in history: 1999.01.04 08/30/00
Total patterns found: 16
Number of winners: 11
Average winner: 16.1 pips
Probabilitiy of win: 68.75%
Average RR: 0.84
R-expectancy: 0.2669
Pattern details and a trade plan:
Swing identificaiton: prex(6)
B-point: 0.-0.4XA
C-point: 0.6-0.7AB
Entry(limit order):0.9XA
Stoploss(stop order): 1.1XA
Target(limit order): 1 to 1 RR
Historical performance:
First bar in history: 1999.01.04 08/30/00
Total patterns found: 16
Number of winners: 11
Average winner: 16.1 pips
Probabilitiy of win: 68.75%
Average RR: 0.84
R-expectancy: 0.2669
Trade active
orders activated.Trade closed: target reached
cha-ching:)
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