GBPNZD Bear Gartley
Hey Traders,
So my portfolio has been super quiet recently, with the exception of a few trades. Today we have a bear gartley on the H1 chart of GBPNZD. It actually gives an aggressive order to a conservative entry on a double top/ re test. Something we already made some $$ on the way down. So this will be a great opportunity to get in short again, hopefully with a win not a loss :D Deep Gartley gives great RR so make sure to place your stops accordingly. One small piece of advice to all harmonic pattern traders is make SURE you are using a consistent way of measuring your stops. Using different stops every time changes your strategy so dramatically. That's why I don't use the 1.113 extension as a stop loss anymore, my testing showed me I needed a slightly wider stop loss. What's your testing telling you?
Like always if you have any questions, feel free to send me an email anytime or check out the site for more info.
So my portfolio has been super quiet recently, with the exception of a few trades. Today we have a bear gartley on the H1 chart of GBPNZD. It actually gives an aggressive order to a conservative entry on a double top/ re test. Something we already made some $$ on the way down. So this will be a great opportunity to get in short again, hopefully with a win not a loss :D Deep Gartley gives great RR so make sure to place your stops accordingly. One small piece of advice to all harmonic pattern traders is make SURE you are using a consistent way of measuring your stops. Using different stops every time changes your strategy so dramatically. That's why I don't use the 1.113 extension as a stop loss anymore, my testing showed me I needed a slightly wider stop loss. What's your testing telling you?
Like always if you have any questions, feel free to send me an email anytime or check out the site for more info.
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