Potential setups for this coming week.
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DislikedHi, I was looking through your trades and I realised how effective they are. Could you impart some knowledge on how you started on gartley patterns and how you draw them on your charts (where to pay attention, which timeframe and how you decide to act on it). I'm also Singaporean. Perhaps I could add you on Skype another time?Ignored
DislikedHi, I was looking through your trades and I realised how effective they are. Could you impart some knowledge on how you started on gartley patterns and how you draw them on your charts (where to pay attention, which timeframe and how you decide to act on it). I'm also Singaporean. Perhaps I could add you on Skype another time?Ignored
The two timeframes that I mainly identify patterns are Daily and H4. For intra-day, only when I have the capacity and time to monitor them, I'll do it on H1.
As you can see from the charts I post, I use the Fractal indicator to help me spot key swing/pivot points. These points help me to identify the swings/legs in harmonic patterns.
For most harmonic patterns, you'll have 4 swings/legs for completion:
For the Gartley (a retracement pattern), the XA has to be the primary leg, meaning it's a very prominent swing. The rest of the swings/legs will have to be 'within' that XA leg.
From there, I just have to set my criteria for the validation of the patterns.
Hope this answer your questions.
Sure, you can add me on skype @ ang.kar.yong
Disliked{quote} Hi Aeterunum, Basically before I start identifying the patterns, I do the following on the Daily chart: Identify the trend and channel Identify the key support and resistance level The two timeframes that I mainly identify patterns are Daily and H4. For intra-day, only when I have the capacity and time to monitor them, I'll do it on H1. As you can see from the charts I post, I use the Fractal indicator to help me spot key swing/pivot points. These points help me to identify the swings/legs in harmonic patterns. For most harmonic patterns,...Ignored
Disliked{quote} Hi Aeterunum, Basically before I start identifying the patterns, I do the following on the Daily chart: Identify the trend and channel Identify the key support and resistance level The two timeframes that I mainly identify patterns are Daily and H4. For intra-day, only when I have the capacity and time to monitor them, I'll do it on H1. As you can see from the charts I post, I use the Fractal indicator to help me spot key swing/pivot points. These points help me to identify the swings/legs in harmonic patterns. For most harmonic patterns,...Ignored
DislikedTwo new potential setups. But these setups will take some time before completing (if they ever do). {image} {image}Ignored