Giá xuống

EUR/GBP Structure Trade PART 2(Advanced Pattern Entry)

FX_IDC:EURGBP   Euro Fx/Bảng Anh
Hey Traders

So this is still working on the idea that I last posted, I am going to tag it below so if you haven't seen that one, go check it out first and then come back.

I'm going to break this post down by the three different trade options we have, that way it will be easy to digest.

Keep in mind, the goal is to show how there are multiple ways of tackling a trade and each has its pro's and con's. option3 has almost double the risk that option 1 has, but it also has slightly less probability of being stopped out, so there's no BEST way, just YOUR way :)

So if we remember what we last posted, we had our bearish bias from daily outlook and trading timeframe confirmation with the Lower Low Lower Close (Highlighted in the red ellipse) and we were looking for a place to get in short. We narrowed that area down to a level of major resistance and laid out a clear IF/THEN sequence for taking the trade. The circumstances did NOT meet so we did not take the trade. Instead price broke above that High and came back down to test it again as support(crazy right.. how resistance becomes support :p ) and now the question begs, am i still getting short? Heck yeah, I just have to wait for the market to give me my confirmation. Fortunately for me, I have a degree in harmonics (not really, but i meant to certify my bad ass"ness") and I found a harmonic pattern , The Gartley , and best of all, its a good looking pattern. So this gives me the perfect opportunity to Short with Minimal Risk. So now to the meat of it, the first option would be taking the gartley traditionally with your targets at the fib levels. (boring.. but if your habit building, then just follow your rules and stick to traditional)


This would be taking the gartley's first targets and taking extended targets down and previous support. (Great trade, minimal risk, good reward)

This is using the Gartley as a Entry Technique to a longer term trade, taking targets down at previous support, and then down at the lower low, lower close. My stops would go above the highs to the left, Unfortunately I can't put my stops above the True Swing high because it would skew the RR too much and make the trade not viable. (This is the one I am going to take)

Like always if you have any questions feel free to comment below
Giao dịch đang hoạt động: Just entered short at 0.8575's
Đóng lệnh: dừng lỗ: Got stopped out during the london session on sunday night
You enter the trade at the same time, just with different options? or you have different scenarios to decide for each option?
Phản hồi
TheAlcoveFx jorgeruval
@jorgeruval, I separate my position in two so I can remove half my position at target 1 and the remaining half at target 2. You can just as easily do 1 in and 1 out like in the Related Idea
Phản hồi
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Trang chủ Bộ lọc cổ phiếu Bộ lọc Forex Bộ lọc Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp cho Website & Nhà môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Ticket Hỗ trợ của tôi Liên hệ Hỗ trợ Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất