Beginner
EUR/USD BEARISH GARTLEY, SHORTING 2 HALF POSITIONSThe 127.2 extension of the ABA leg is rather far from the 78.6 retracement of the XA leg. Decided to short 2 half positions at those points. Any thoughts on this method? Have seen variations for the ROE of a Gartley, some requiring confluence while others do not!
AUD/USD SHORT 04/01/16I'm new to forex, and this was my first attempt at analysis on this pair. I decided to (theoretically) short yesterday after the pair hit a key daily/weekly resistance area and failed to break through. This together with the fairly symmetrical triangle formation printing added further to my believes that the pair was due to fall.
I'm still in the early days of backtesting ideas before I jump into a demo account, and then hopefully go live near the end of 2016.