Remember the last post we talked about that? you know..that..
i dont know. haha.
So basically last post was the review of entry order i made based on break resistance level.
and i touch a little bit about the Gartley Pattern.
As mentioned in previous post, i am actually waiting for a Gartley Pattern to show up. and right now, the pattern has left only 1 point to complete, point D.
Remember this picture?
XABC-D.
The point C has reached. And....look at that candle pattern.
What pattern is that?
A Doji Pinbar. it showed very strong rejection from the sellers.
Would it be a very good chance to make entry there? YES..YES..YES INDEED!
How are we going to make it?
Just place the order fellas!! with Stop loss and Take profit. never forget about these 2 most important part in every trade you make.
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Trading by youself is about Capital Preservation.
This is a game where you need to learn.....NOT how to make money, BUT.
HOW TO NOT LOSS MONEY...
Which is why, the STOP LOSS is very very important.
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We will make an order entry after the candle closes.
The STOP LOSS would be a little higher of Doji Pinbar high.
and the TAKE PROFIT?
Remember what i said? im looking for Gartley pattern.
The point D will falls on around 78.6% of XA.
Which is...
around 1.1840.
And that is our target of profit.
This is a Daily chart, you can refine your entry by looking at smaller time frame, look for much precise entry.
But as you can see, the sneak peak over there, the next day have a Bearish rally.
A good sign that the Gartley Pattern will be formed...
Cheers.
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