That chart is a mess but it works for me. Just look at the yellow annotations for this trade. If you know the Gartley pattern, you should easily see the XABCD vertices in yellow. The targets are in the box with yellow text. For this trade, we're going for the .618AD Fibonacci retracement to the upside.
The chart above is a 4 hour chart. Entered based on a close above the 8ema on the Daily chart, which happened today. Using the YW mini-contract ($10/pt) vs the ZW full contract ($50/pt) to control risk.
Entry: 712 5/8
Stop: 676 1/2
Target: 744
Risk: 712 5/8 - 676 1/2 = 36 1/8
Reward: 744 - 712 5/8 = 31 3/8
R:R = 1.15:1 Not good, but I have found Gartley patterns to have about a 75% success rate. I say "about" because I'm still working on my statistics on my first 200 trades, but I can see it'll be close to 75% or even better. If you have a R:R = 1:1 and a success rate of 75%, you'll have a positive expectancy.
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