Hi again,
After doing some more internet research and chart checking, I believe I understand better what you're doing. Basically fibonacci chart patterns which consist of the ABCD's, butterflies, gartleys and possibly the 3-drive.
The first chart shows about just over an hour ago, on the eurjpy 5M, that I saw what could be identified as a bearish butterfly pattern starting from the X point. Maybe not perfect symestry...what do you think? At the top of the swing labeled D, I went short at 127.85 where it just broke down thru a consecutive series of higher lows. Stop went above the high at 128.00 for a 15 pip stop loss, and a profit target of roughly point C or 127.15ish for 70 pips.
2nd chart shows it almost hit the stop, and depending on your broker and spread, it very well could have. If it did, there was a second chance to enter on that same bar that took out your stop at around the 127.80 mark. Also, it worked out and hit the profit target
I'll have to keep a lookout for these patterns as before I thought they were too complicated, but now I guess I "see" them and they're not so bad...lol, and the good 'ol Zig Zag indicator can help spot the swings from which to draw the fibs.
Here's a good source I just found for learning the patterns:
Chart Patterns | Bearish Abcd Pattern | Forex | FX360®