Affichage des articles dont le libellé est Gartley pattern Risk ratio. Afficher tous les articles
Affichage des articles dont le libellé est Gartley pattern Risk ratio. Afficher tous les articles

vendredi 4 janvier 2013

Gartley pattern Entries Exits StopLoss



You may check first the previous post where is the Gartley first natural Exit presented (Entry, Exit/Take Profit and StopLoss). Since the proper Gartley pattern is a correction (corrective move) the impulse must follow and this impulse must take/reach the previous high (Gartley pattern point A) -> Gartley pattern Reward Risk ratio

Here we go even further, the Gartley pattern in the proper location should forcast the start of the strong impuls wave (Wave3 in EWA/Elliott Wave theory). Such impuls reaches 161.8% of the initial impulse move (XA swing), therefore we place the Exit at 161.8% of XA measured from point D.


jeudi 3 janvier 2013

Gartley pattern Reward Risk ratio


For the details regarding the Gartley pattern and Reward:Risk ratio check this thread on the Forum: Gartley pattern Reward:Risk ratio
Since the proper Gartley pattern is a correction (corrective move) the impulse must follow and this impulse must reach the previous high.

Scenario when the impuls reaches 161.8% Fibonacci of the XA swing is presented in post Gartley pattern Entries Exits StopLoss