Alexander_Nikitin
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Gartley advanced formation on GBPUSD

FX:GBPUSD   英镑/美元
Gartley Advanced             formation
Tools:
*Fibonacci retracements (61.8% and 78.6%)
*Fibonacci extension (127.2%)
Timeframes:
*The Gartley Advanced             formation was originally designed as a swing trading strategy. But it also works on lower timeframes.
Tactics:
*Seek to identify 4 market moves and 3 major Fibonacci zones. The combination of these moves forms the points (X, A, B, C, D) that fulfill the formation.
Rules of engagement: Criteria 1
The Gartley Advanced             formation starts with a market movement/impulse leg that establishes our X and A points.
Once X and A points have been identified, we then look for our first criteria.
Criteria 1: The market forms the B completion point by fulfilling at least a 61.8% retracement of the XA leg.
Note: AB move remains valid as long as there is at least a 61.8% retracement of XA and that it does not touch the 78.6% retracement of XA. Only candlewick is calculated here. Candle close is not important.
Rules of engagement: Criteria 2
If criteria 1 has been met, then look for criteria 2.
Criteria 2: The market forms the C completion point by fulfilling at least a 61.8% retracement of the AB.
Note: BC             move remains valid as long as there is at least a 61.8% retracement of AB and that it does not touch the 88.6% retracement of AB. Only candlewick is calculated here. Candle close is not important.
Rules of engagement: Criteria 3
If criteria 1 and 2 have been met, then look for criteria 3.
Criteria 3: The market forms the D completion (entry point) by fulfilling a 127.2% extension of AB.
Note: D point never extends past X.
Trade management: Entry, stops & targets.
Entry: Limit order is placed at D completion point.
Target 1: 38.2% retracement of AD leg. When attained half of the position closes & stop moves to breakeven.
Target 2: 61.8% retracements of AD leg.
Stop placement: Stop always goes past X. Either 113% XA extension, or 1 ATR beyond X, or 1 to 1 measured distance to the first target.
交易开始
I saw this setup a bit late, but still took a position 30 mins ago after a bullish move. Will leave it on for a few hours today
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Starting to follow your signals closely. This is my first signal and first trade. I'll keep posted how is it going. Thanks.
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@patlaka2000, This is not a signal service. Never open a position based on somebody's ideas! I don't post every of my trades. I only post some rare examples. This selection is based only on time factor but not some reliable filter. If I have time I post what I see on the chart. The probability of the setup only works if a trades trades EVERY setup. When a trader starts to select this leads to catastrophy.
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patlaka2000 Alexander_Nikitin
Not to worry. Just demo trading and getting feel for the patterns and recognizing them. Thank you for sharing.
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Nice trade setup, thank you for sharing.
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@jojofang0901, you are welcome
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Nice setup Mr.Master really appreciate! Very clear description for your setup as well !! God Bless !!!
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@prashanthc, you are welcome:)
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prashanthc Alexander_Nikitin
@Alexander_Nikitin, is good to buy now this trade in a active position going towards first target.
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