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Dislikedwow, what a move! I am glad I didn't take a short at that 19.1 Gotta study the butterflies and other Gartley insectsIgnored
Dislikedwow, what a move! I am glad I didn't take a short at that 19.1 Gotta study the butterflies and other Gartley insectsIgnored
DislikedThe Gartley's are Gartley's, and the insects are Pessavento's stuff..
Ohh! Scott Carney too.
By the way, H M Gartley in his 1935 book: profits in the stock market, had nothing to do with fibonachi ratios.
Probably the closest thing you'd find on the current Gartley pattern from his book is the "222" illustrated on page 222 of his book, of which i have a copy.
Also the fib ratios used are a bit different to the ones i've seen used here,
the moves have got to be harmonic with time and price.
I have been using basic Gartley's for last 5 years,...Ignored
DislikedI have a chart that if Gartley should be a bearish signal but if a butterfly could continue bullish for a while. How do I tell the difference?Ignored
DislikedI have a chart that if Gartley should be a bearish signal but if a butterfly could continue bullish for a while. How do I tell the difference?Ignored
DislikedMy question is what is the difference between the two and how would I recognize one? Do they start off the same and somehow become one or the other? Sorry if my question is too basic but the concept is new to me.Ignored
DislikedThe easiest thing to do is to consentrate on simple ABCD's if new to this.
There are ABCD's within ABCD's , i would like to say infinetely, but, as the TF's get faster it gets messier.
It pays to remember basic trend structure as well, these patterns are not "magical", overall awareness of market dynamics, fundamentals, etc, helps.
Eventualy it all falls into place (and sometimes it doesn't) ,also most times it will react right on a level and other times it will be short or sweep past by up to 6-7 pips on the pound, we can't have it too easy,...Ignored