I trade purely on technical analysis. I cannot predict what will happen next, i simple follow my trading plan, and if trades set up that fits this plan i take them. Here is 2 potential gartleys :)
Patterns are Best in what they do :) Disclaimer : I don't degrade other strategies, every strategy is good in own way ! Find this wonder while doing my Sunday morning analysis... 5 back to back patterns in IDBI Only the Bear Cypher is yet to complete in IDBI I didn't mark patterns which hit stop loss Happy Sunday !!
We have 2 opposing Bat patterns under way. Lets see where the market goes. Good Trading Guys
As we come closer to the end of the week we coming close to a possible back to back cypher. Good Trading Guys
Hello, Errol Here... In the comment I will share 2 links with you of which 1 of them will be my Weekly forex Forecast and 2 will be a video I did on how to trade the Cypher pattern. All the rules and what I use to determine stops and targets. Dont miss these videos so check the comments below
While I am still grabbing pips from the previous trade I posted ( a bullish bat pattern, see link below), a new pattern is taking shape. A bearish cypher can complete around 0.7130. If price action reaches the red zone, I will look for a sign to stop and reverse the trade, so at this moment I cannot give you an exact entry point. Stop Loss would go above 0.7160...
AS oil sells off to the down side, pattern traders have 2 shots to get involved on. First, the bear bat which is in line with the underlying bear trend. As well as a bull bat which is more clear on the 4 hour chart. Good Trading Guys