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EURUSD 1 Hour A Basket of Potential Advanced Gartley Formations

Depending on your trading style you can look at consolidation in one of two ways. 1) choppy boring & full of false signals or 2) choppy, boring & full of potential opportunities.

For traders of these advanced pattern formations, it's usually the later and on the EURUSD, we have 3 of those advanced formations potentially setting up.

I'll be keeping the 2 bigger formations on my radar, leaving the smaller ones to those day trading the London Session (maybe in my buddy Jason Graystone's Live Room if I dare insert a shameless plug) but we'll see what the markets have in store.

Also it's been a while since I've done this but I've written a blog post talking about drawdowns. As many of you know this mornings GBPUSD winner knocked me out of a funk so hopefully this post will open your eyes a little to how professional traders deal with drawdowns, because guess what WE GO THROUGH THEM TOO.

Here's the link
"A Lesson from Pain" tradeempowered.com/the-lesson-from-pain/

Akil Stokes
Chief Currency Analyst & Head Trading Coach
TradeEmpowered.com -The Premier Online Trading Education Company
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Off topic, but my article on trading Pyschology titled "Take Control of Your Trading was just released in this quarters edition of Forex Trader Magazine. I'd love to hear your opinion on it when you get the chance