WendelinProbst

WendelinProbst

I play them as they come. Within my rules all are valid and have to be traded. If the first bullish Gartley fails I slightly extended the Stop to the trigger point of the Bat and therefore have another chance. Of course both setups can go bust, but its also possible that Gartley targets are met and then the Bull Bat also strikes...

WendelinProbst

I hope to get a chance to enter this trade. Due to the huge Pattern range I would only shoot for Target One and give it some room to settle, placing the stop few pips below 1.58 so that the Risk Reward is still above 1.1

WendelinProbst

You never know how things play out, with a rational view I would say there is plenty of time before this one possibly plays out. But there is a very high nvervousness obviously. So my orders are already in the market. Few years ago a 400 Pip Downmove of Cable within one hour nearly wiped out an account of mine due to poor Money Management and a lack of strategy then....

WendelinProbst

This Gartley has already triggered at D= 1.27 AB and therefore targets have to be adjusted to the price action. But it is still a valid sell if we don`t see a significant gap.

WendelinProbst

I play the 2 long setups this way: I go into the Gartley when it is triggered. If targets are hit and we do not go beyond A with the upmove, the Bat setup will be still active. At the level of my Gartley stop I adjust the orders to stay in and play the bigger Bat then. Of course that one can be stopped out too, but there is no reason not to take such a setup, even...

WendelinProbst

These two are hanging around for quite a while now. Will they ever trigger or will price action prevent that with a drop?

WendelinProbst

I play Gartleys with D= 1.27 and not 0.786 of XA, but in this case that (probably) doesn`t make a big difference.

WendelinProbst

The Bat is also a Gartley, with D = 1.27 AB... but first price has to go above B of course... I like this one...

WendelinProbst

due to the big ranges I have only Target one at the 0.382 and a half position size for these 2 potential trades

WendelinProbst

That is quite a good Risk-Reward Ratio for a Pattern trade.

WendelinProbst

This isa nice looking Bat with a reasonable Risk-reward. Target 1 is 0.382 of AD and Target 2 0.618 AD

WendelinProbst

I hope to get a long entry (green arrow and targets) and to let it run after Target 1 is hit and stop is entry, but would be also fine with the short (red arrow and targets) as I trade every valid Bat, Gartley and Cypher. Of course both D-Legs should be exactly 0,886, I don`t know why this got out of place a little, sorry.

WendelinProbst

If we go below B, then a small risk entry around 1,316 would be worth trying. In case we reach target 1 and I can therefore take the Stop to entry, I will eventually shoot for more on this oversold Euro.

WendelinProbst

Still a little bit to go, but a Cypher Trade could be possible here. I have already put my orders in.

WendelinProbst

Here we have a Bear Bat with very nice risk-reward. But even if it triggers the SL on this trade, one could only switch to new levels for targets and SL to play the bigger Bear Cypher. Each trade is valid an there is no reason to pass on the second one if thats defined by a strategy. I know the Bat came just shy of 50% with the AB leg but within 1% its still ok...

WendelinProbst

That (orange) Gartley does not have the normal 0.786 Retracement. In case the 1.27 of AB aligns with the 0,886 I choose that one, which in that case also falls together with the 1.618 of BC. I will take that one as it offers a better risk reward than the earlier normal Gartley which I drew in blue although it has also a 1.27 of BC... Maybe even both will work. The...

WendelinProbst

around 0.9263 could be a bullish reversal if it goes down first

WendelinProbst

after several succesful Pattern trades, EURJPY offers a Cypher this time. Spiked already a bit below, but now back to the original entry level. Risk Reward is not so great but still worth a trade 1:1