A Cypher was setting up and it completed as expected, checked all ratios and it was all a Go! Entered the market with a limit order at C leg completion. Techinque used: Agressive C buy Gained 906 Pips
This patterns is a little deformed, but X to A is a perfect .382 and A to C is a perfect 1.414 The risk is just 40 pips and D target is just under X and has not closed above which is very good. But the deformation that its has reached the .882 as you can see in the screenshot. This pattern can fail, but a graceful exit is in the tradingplan to secure my trade if...
Filled short with this Bearish Gartly pattern, gained 1546 pips in profit with the first move down. exited and then waited for a retrace and reentered on a 2618 trade kind of style. T1 First target hit at .382 T2 In progress
And the reward is always good when you stick to your trading plan at all cost and don't change anything after you have placed your trade. It feel so good to be a participant in the market and when the market movies in our favor.
We'll just have to wait and see. :)
Bad risk reward, not the reward that you may seek, be on your guard here.
Bullseye, right on target, and hope not to brake the FE 1.27 Just waiting for a reverse candle.
Is this a valid Cypher Pattern? Can someone verify please? Thanks!
If its closing above the higher, a HHHC= Higher high, higher close. This is gonna be my best Awsome trade ever :) I cross my fingers now :)
The Gartley Pattern The Gartley pattern was outlined by H.M. Gartley in his book Profits in the Stock Market, published in 1935. Although the pattern is named "The Gartley," the book did not discuss specific Fibonacci retracements! It was not until "The Harmonic Trader" was released that the specific retracements of the B point at a .618 and the D point at a .786...