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5 EASY STEPS TO TRADE THE GARTLEY PATTERN

FX:EURUSD   Euro / Đô la Mỹ
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STAGE 1:
THE BULLISH IMPULSE LEG

A bullish impulse leg is a strong move in price action to the upside.
The impulse leg can be a mixture of bullish and bearish candles, but must have a bullish overall direction.
The start of the impulse leg should be marked as X and the top of the impulse leg should be marked as A.

STAGE 2:
B LEG RETRACEMENT

Now that you have identified your X to A impulse leg you are now looking for the B leg, which is a retracement of the X to A impulse leg.

The crucial Fibonacci levels you are looking for are the 61.80% and 78.60%
Price action must at least touch the 61.80% retracement but cannot touch the 78.60% retracement.

As you can see by the illustration, the candle does not need to close below the 61.80% retracement but must at least spike through.
The bullish Gartley pattern will be invalid if price action touches the 78.60% retracement of the X to A move.

STAGE 3:
C LEG RETRACEMENT

Once you have identified a valid X to A impulse leg and a B leg retracement, you are now looking for a valid C leg retracement.

The crucial Fibonacci retracement level you are looking for is the 61.80%
Price action must at least touch the 61.80% but cannot spike above the A leg resistance.
The candle does not need to close above the 61.80% but must at least spike through.

The bullish Gartley pattern will be invalid if price action spiked above the A leg resistance.

STAGE 4:
D LEG COMPLETION

Now that you have a valid X, A, B and C move you are looking for the final leg in price action at which point you will buy the chosen currency pair.

You are looking for a 1.272% which will now give you a valid D leg completion of the bullish Gartley pattern.

STAGE 5:

When looking to take targets on the bullish Gartley Pattern the first step is to use your Fibonacci retracement tool.

With your Fibonacci retracement tool draw from the A to D leg, you are looking for target 1 at the 38.20% and target 2 at the 61.80%.
To protect the profits you have accumulated at target 1 it is advised you move your stop loss to breakeven once the 38.20% target 1 has been attained, thus giving you a risk free trade to target 2.

KEY NOTES & RULES:

When trading the bullish Gartley pattern, the pattern is meant to be traded at 1.272% D leg completion only.
If you believe the pattern is unfolding but price is only at point B, be patient and wait until price reaches the D leg completion.
The power of the pattern comes from converging Fibonacci levels of all points from X to D.

Point B must at least touch the 61.80% retracement but cannot touch the 78.60% from the X to A move.
Point C must touch the 61.80% but cannot spike above the A leg resistance.
Point D is complete when price action touches the 1.272% retracement of the B to A move.
Stop loss must be placed below the X leg structure support .
Stop loss must also be a minimum of a 1:1 risk reward to the 38.20% target 1.
Target 1 at the 38.20% retracement of the A to D move.
Target 2 at the 61.80% retracement of the A to D move.

CURRENCY PAIR:
This pattern like any other is more profitable with certain currency pairs, you should do your own back testing on this prior to trading the pattern.

CANDLE COLOUR:
Blue = Bullish Candle
White = Bearish Candle

DISCLAIMER:
Please note I am only providing my own trading information and techniques for your benefit and insight, you should do your own due diligence and not take this information as a trade signal.
Bình luận: 5 EASY STEPS TO TRADE THE GARTLEY PATTERN - Target 1

Bình luận: 5 EASY STEPS TO TRADE THE GARTLEY PATTERN - Target 2

Bình luận: 5 EASY STEPS TO TRADE THE GARTLEY PATTERN - Extended Target

Bình luận: 5 EASY STEPS TO TRADE THE GARTLEY PATTERN - Risk Reward 1:1 Minimum

Bình luận: 5 EASY STEPS TO TRADE THE GARTLEY PATTERN - AB-CD

Bình luận:
Bình luận:
Bình luận: 01.01.2016 - To date results

Bình luận: If you would like me to release my Bat Setup rules comment below.
Bình luận: My Bat setup strategy is now available below.

Bình luận:
Great work buddy. It was really helpful ^
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amilajayawi
@amilajayawi, Thanks very much, it's no problem at all.
Phản hồi
good job mate...you made it quite simple for newbies to understand.... :)

thanks....gonna learn it and backtest it so as to learn how to apply in real time....

good job mate...thanks for the share.... :) :) :)
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investwisely2016
Phản hồi
I believe in these patterns and know they are present - I seem to always find it difficult to identify the name of the pattern I am presented with (most times)- but I can spot them most times. I have stopped trying to identify them as I tend to leave that to the experts
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SaeedRehman
@SaeedRehman, Call the pattern whatever suits you, as long as the fibs are correct that work for you that's all that matters.
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That is such a brilliant post - extremely helpful and will benefit nearly everyone that comes across it. -Thank you for sharing
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SaeedRehman
@SaeedRehman, Thanks very much for the feedback, i will be releasing my Bat setup rules on Sunday which may also be beneficial.
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Thanks tom, really apreaciate if you willing to explain and share with us your bat setup
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puterae1
@puterae1, My pleasure.
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