mates, here's a gartley advanced formation. its entry is abit different from the conventional one. in my market research i found that 0.809XA much more profitable than conventional 0.786XA and much more powerful than 1.272AB of Tradeempowered. My stop is exatly at X. Targets are traditional.
helo Alexander, i am still learning, so would like to ask if your trading ideas have a expiry date? I mean how long should we wait until the EL is reached? and if it is not reached, after how many days should we abandon the idea? Or we could just wait indefinitely for the EL to be reached and execute the trade? Thanks in advance!
Alexander_Nikitin
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@Han84, time cannot nvalidate the pattern. only priceaction can. If price didn't break the B-point yet the pattern stays valid if it doesn't break the A-point. If price already broke the B-pont the pattern stays valid as long as it doesn't break the C-point. If completed the CD leg 95% and reversed then the pattern is invalidated as well.
Han84
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@Alexander_Nikitin, thank you so much for the detailed explanation. Another thing i forgot to ask, do we execute the trade as soon as price reaches D from C? or do we wait until the price reverse after passing D?
Alexander_Nikitin
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@Han84, the entry technique is up to you. use the one you are familiar with. I simply place limit orders. But I am not you.