Gartley pattern failure setups
For more info about the Gartley pattern and the confirmation methods see -> Gartley pattern - table of content
Last edited by kor4x; 09-02-2012 at 08:28 PM.
Gartley patterns work best in channels,> < and ranging
yes, as well.
Note however that originally Gartley pattern was defined by the author as first correction pattern in new trend. This means Wave 3 should follow from point D.
Gartley in the channels is what we call Continuation pattern.
see -> Reversal and Continuation Gartley pattern
i do not have strict rules for this. Very much differs from case to case. I guess, i believe i know well when to bend the rules. I may regret this approach one day.
Also, I try to think where others will put their stops and not to put them in the same place.
Lots I do is against the books theory. I use what works for me, not what is common trading "truth".
You have a plan and you trust your plan. So it's no different than having rules... If you keep doing the same thing over and over - then over time it pays out!