BELOW IN A COMMENT IS A CORRECTED CHART, CORRECTING THE MISTAKES MADE ON THIS ONE. BAMM To The Completion Of A Bullish Gartley Pattern - Head & Shoulders Breakout. i JUST REALIZED THAT I MADE A MISTAKE ON DRAWING THE GARTLEY PATTERN. SOMETIMES MY WIRES GET CROSSED. PRICE DIPS BELOW THE B TO MUCH BEFORE COMPLETING C POINT. THE 0.786 IS A GOOD TARGET FOR THE BAMM TRADE. HOWEVER DO NOT GO LONG AT THE 0.786 COMPLETION OF WHAT I CONSIDER NOT TO BE A GARTLEY PATTERN, BUT THE FORMATION OF A BUTTERFLY INSTEAD. THE 1.27 COULD ALSO BE A TARGET FOR THE BAMM TRADE. THAT WOULD BE THE COMPLETION OF THE BUTTERFLY PATTERN I SEE ON THE CHART, WHAT I SHOULD HAVE DREW IN THE FIRST PLACE.
I Always set my TAKE PROFIT at the min profit on these trade ideas. OF COURSE YOU COULD TAKE THEM FURTHER THAN THAT. Many different trade management strategies could be used. Do i stick to the min PROFIT TARGET on my personal trades, mostly not!!!!!!! BAMM Trades Should Be Traded No Further Than The Completion Point Of The Pattern In Question.......
I Always set my TAKE PROFIT at the min profit on these trade ideas. OF COURSE YOU COULD TAKE THEM FURTHER THAN THAT. Many different trade management strategies could be used. Do i stick to the min PROFIT TARGET on my personal trades, mostly not!!!!!!! BAMM Trades Should Be Traded No Further Than The Completion Point Of The Pattern In Question.......