My Ironclad Rule

"It's not how many pips you make, It's how much risk you take"

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Wednesday, March 24, 2010

USDCAD : Bearish Gartley with AB=CD [UPDATED]


After about 2 hours later, the pattern 1.618 AB = CD formed out of the 3 predicted projection. I let this opportunity slip as I'm still studying to use this indicator in more efficient way. Regarding the trade, with stop loss of just 19 pips you can get around 50 pips. A very good ratio for the Risk/Reward.

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