EUR/USD Gartley

I show you my idea about Eur/usd Gartley on a Daily Chart. This can be possible of course, but this can be negating too.

First I identify the first leg X to A and expect 61.8% Fibonacci Retracement to form point B as you see in the Chart above. The first rule: Point B not exceeded the point X. If happen, our pattern be negate. We expect at this time, the formation of point C. This can be 61.8% of point A to point B or harmonic. Second Rule: C nor exceed A. So, we expect the formation of point D to validate this pattern. If the patter structure form is good, I take a buy position at D point. Harmonic Patterns work 70% of the time, so. I not want predict the future. That is simple, is No possible. I only show my idea about that formation. That not mean that happen or I predict the future. Happy Trading!

USD/CAD Stop

Finally our stop was hit and... I not have problem for that, because I planning that and things like that can be happened many times. Anyway, I wan to justify my criteria about taken this trade, so. I draw Fibonacci retracement in this Chart.

The most important aspect to observe is the price action at 61.8% level. The price action reacts at this level. This is the first point to watch for AB=CD Pattern. 61.8% can be a good entry also, you can see congestion area at the left of the chart around 6th... is a great reference to expect the price stop at that level.

In this Chart you can see Fibonacci level are really simple 1.618 is a harmonic number (that´s why I enter short). so, try to study these numbers. Our goal is identify these numbers and look for probable opportunities to enter a position. These numbers provide us a great probability and low risk.

Minutes after, our stop order was hit. We face a new oportunity to enter short.

This trade is a faster one, but I not take it. the criteria is simple. Look the 78.6% Fibonacci retracement and the great Supply zone. The plan is simple: enter into the yellow zone and put your stop above the last higher high.


Have a great weekend.

USD/CAD Sell

Hi there! My name is Octavio Dolores, a retail FX trader. I watched many methods and strategies in different forums about, how to do trading property, and for that I decided begin this Blog. I hope you can find this helpful or... this impact positive on your trading.

In this Chart I show you USD/CAD pair, the entry (short) was taken yesterday; today I wait for my exit. The criteria to enter short (sell) is very simple. I identify AB=CD pattern, Harmony pattern. Some times this pattern present variations on their estructure, but I talk about in the future. For the moment is time to training our eyes to identify this pattern. Remember, the learning process never ends.
In a implicit way, here you can see rules I think. The most basic and important is this one: Some ever you can move your stop in your favor, never... but never against you. In the markets all can be happened, so, you need to reduce the risk ever.