Thread: Interactive Trading Setups Disscussion

USDJPY 22-07-13
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Bullish 121 Pattern

We often look on the charts for book -like Gartley patterns. Impulse, followed by a nice ABC correction.
... but tradeable patterns can and will often take more complex forms.
Pattern location is very important to spot tradable patterns with complex structures. Location of pattern X point is the key.

Originally Posted by kor4x

Location of pattern X point is the key.

Can You tell more about it?

as mentioned several times in this thread, for me (and my "harmonic trading" the pattern location is more important than the exact Fibs. Exact Fibs is good topic for book writters. We need to use a delta in the Fibs calculations and research non book-like structures of the Gartley pattern. At least this is the outcome from my current research.

Lot's of people just repeats the same Gartley diagrams on and on. Great for teaching others ;-)

Ok, I'm understand, the exact Fibs is not most important, I wonder, what is for You, this good location in the chart for pattern?
You often write about it, and how it is important for You, but I can't understand what exactly it is.

you may want to study the higher timeframe that your pattern trading timeframe for the patterns that worked and that failed.
if you trade patterns on m15, check how the H1 looks when patterns works better and how when pattern more often fails.

Thx, I will do it When I trade on m5, i check m15, m30 or H1?

when you start such a research it will become (soon) obvious for you which one to compare with.