mardi 25 septembre 2012

How to trade failed harmonic Gartley pattern

Not sure if you benefit from it in your harmonic trading strategy, but when harmonic pattern fails - relatively quickly price returns to test the StopLoss price levels. If someone stayed in the losing position (did not accept the natural SL at X), this method (after price retests the SL levels) may allow to exit on Zero or small plus, or may be a good location to enter in oposite direction than indicated by the pattern. hmm... but what if price will never test the StopLoss levels :-) ... anyway, worth to consider the method.

Comments/opinions are welcome.


more on trading the failed Gartley pattern here -> Gartley pattern failure setups (Failed Gartley pattern)


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