well, i took a loss on this one, sorry if i led anyone astray.
yea iām lazy, but you should of posted the picture of the failed trade.
I definitely wouldāve looked for a short pattern on that pair - been on a huge downtrend for a while now.
Okidoru,
This link might help too.
http://forums.babypips.com/newbie-island/30564-how-post-charts-forum-upgraded.html
ok, my bad, sorry
Donāt worry too much about it - I learned that lesson the hard way as well; I ignored TMBās advice about trading against the trend and ended up losing a fair few pips.
Also, I like to use the trend rules to increase the odds of a successful trade. Iām not sure if it actually works or not, but it makes me feel more confident, and after all, trading is almost all psychological.
Anyway, Iām pattern hunting right now, so Iāll compare mine to yours when Iām all finished, and weāll see how close we are!
Pattern hunting complete!
Iām sad I missed that pound yen pattern you found. It looked really, really good.
Itās a few hours after you found your GBP/USD pattern, and it looks like itās actually gone above your A, so I might wait a bit and see if that develops any more.
I donāt do gartleys on the 30 min time frames most of the time, so I donāt have anything to compare your UJ pattern to, sadly. It looks decent to me, though; and short patterns on the pair seem like a good idea at this point.
Again, I only use gartleyās on 1hour and up, so I have nothing to compare your 15 minute patterns to. Best of luck on them, however!
Not sure what you think of this. Again, it is clearly against the trend, so iāll probably take another beating. I didnāt take the short cable trade, but knowing itās in the background gave me a little more confidence to taking the long eur/gbp.
Hey Guys,
Back in the swing of things, and just finished the first trade of the week, taking profit at the first target on the chart! Pair is the GBP/JPY on the five minute chart. I set the take profit at 20 pips, which coincided with āTarget 1ā as labeled on the chart and as outlined by TMB as procedure. Will advise if I see anymore tonight, good luck!
racerdude777
modo Did you like at the daily timeframe on that pair. You should take a look. I think it is much easier to make pips if the daily is in your favor.
hi guys,
i took another loss on the eur/gbp. this is embarrasing.
no problem with the tools, just the person using them.
yes, i should have paid more attention to the daily.
I made the exact same mistake :o
There was a pattern today, AUD/USD buy @ 9188 ( went down to 9175).
Gatley i believe:)
There was a pattern today, AUD/USD buy @ 9188 ( went down to 9175).
Gatley i believe
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I think a chart will be needed
)
A possible bearish Gartley forming at GBP/JPY cross under 1H chart. My worry is when the pattern is completing (currently under EST and I think 2pm to 4pm EST is the time frame when most fake outs occur).
However, my other two indicators are telling me that there is an imminent short entry for this cross. We shall see.
A possible bearish Gartley forming at GBP/JPY cross under 1H chart. My worry is when the pattern is completing (currently under EST and I think 2pm to 4pm EST is the time frame when most fake outs occur).
However, my other two indicators are telling me that there is an imminent short entry for this cross. We shall see.
Good spot! good for 1:1
u can go to 5mins and trade 123 short
nice one
not sure if this pair is still a short trade. possible trendline break on the daily, USD on fire, and strong green candles in the CD leg.
so probably way better contenders out there, but the pattern has good symmetry and convergence, so i thought iād pass it on.
make of it what you will. any input (or better patterns) appreciated.
