AUD employment change is coming out later and it looks like we've got a pre-news gartley trade. I've nicknamed gartleys with these ratios as Weirdo Gartleys or W.Gartley trade.
Trade Update.
AUDUSD ratio trade target 1 obtained and stops have been rolled to break even. Next stop target 2:
EURAUD pre-news. If you jumped in this trade you would have hit the target I set on my last post before the actual news came out. Unfortunately I never got filled on this trade. Oh well....
Trade Update.
AUDUSD ratio trade target 2 stopped out at break even. Oh well. I made my pips:
Ratio Trade on the GBPNZD. This trade would be good at either a 38.2 fib entry or a 61.8 fib entry....truth be told i would rather wait for the 61.8 but the 38.2 is valid so I have to take it. If it fails I'll try again at the 61.8 fib. So here it it is...You get to see the good the bad and the ugly here. No censoring:
Here are a couple of nice little bat patterns:
Trade Update. Both Bat Pattern trades are now at breakeven. Lets see if we can hit target 1:
Both Bat trades turned out to be breakeven trades. Sucks.....but oh well. No money lost.
Pre-News for the MPC Meeting Minutes tomorrow on the GBPAUD.....catching it early huh (if it works):
@Luxonxzy: I would never take such butterfly, pattern location for me is the key. Anyway, good luck with it!
@Kor4x: No your probably right. The only technical justifications I have for this trade is the pattern ratios and the 61.8 fib retracement on the 4hr timeframe. But I really just focus on the ratios when aligning patterns with upcoming news. It's a higher risk trade but we'll see what happens.
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