Article Summary: A leading technical analyst of the 1930s created a method for trading that is still applicable today. Learn how to trade market turning points based on Fibonacci retracements and market psychology with the Gartley Pattern.Many traders ask how a trading method that is 77 years old is applicable today. With so many ways to trade currencies, picking common methods can save time, money and effort. By fine tuning common and simple methods a trader can develop a complete trading plan using patterns that regularly occur, and can be easy spotted with a bit of practice.
Chart, candlestick and Ichimoku patterns all provide visual clues on when to trade. You must go deeper into the analysis of each final candidate on the list. Successful Forex traders recognize and know the nuances of these technical patterns. This familiarity allows them to profit from these recurring patterns over and over again. With experience, these trade setups become even easier to spot.