Fibtrader786
Long

EURUSD bullisg Gartley

FX:EURUSD   Euro / US-Dollar
444 5 6
Buy this EURUSD             bullish Gartley at 1.0753. S/L 30 pips lower. First P/T 40 pips higher.
This is more riskier pattern. Note the long bars coming to a buy point. Risk no more then 30 pips.
Kommentar: Move your S/L to break even now.
Kommentar: Stopped out. Missed P/T by 10 points :-).
It was a good trade, well managed. What do you look for in moving the S/L to break even?
Antworten
Normally I let it run till either a S/L or first P/T is hit but today since this was a riskier set up I have chosen to protect myself a bit sooner.
Antworten
Hi, great to see you are back! =)
Would you mind explaining on how you set your s/l and p/t? And why is this considered to be riskier? Thank you!
Antworten
Hi,
If you look at the long bars coming in to your trade it means that there is a thrust and lot of selling going on. It means that the selling might continue in the direction of the long bars and therefore the trade is a bit riskier.
S/L and P/T are based on harmonic numbers. For EURUSD the harmonic number is 40 pips now.
Antworten
lcyilin Fibtrader786
@Fibtrader786, Okay, now then I remember reading that in the book! Great to see how it is considered in the trade. Noted that, thank you!
Antworten
Deutschland
United States
United Kingdom
India
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Bitte um Kennzeichnung Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Hilfe Priorität-Unterstützung Report Issue Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden