Hello traders. Here is the link to my youtube daily trade setups using Gartley. I would love to have Gartley traders opinions on these setups. Thank you for your time and responce and I wish you lots of pips www.youtube.com/user/queenfx
Thank you very much for the tool. What's the correct way to install it?
As for gartley I trade them a lot and have more than 100+ patterns I personally traded last several months, I noticed they best work on 2H, 4H, 8H and daily charts. On weekly charts you need really wide stop loss but you can bring it down entering trade on 8H charts. Pound and pound/yen are forming bearish Gartley every 2nd or 3rd trading day and I think it is because we are currently in a bearish trend, but I started noticing lately formation of bullish Gartley on 2 and 4 hour charts for yens and euro and pound, want to wait and see if we are close to trend change.
Look like a bearish Gartley forming on aud/usd 8hour chart, remember if 1 hour candle closes and opens higher than 0.8557, than do not enter the trade and if you have big green candles with nice bodies around that area do not enter the trade.
I totally see it, but we are in a very strong monthly downtrend, and we are still inside of the triangle, if I want to long it I'll be looking for a good retrace to enter it around 1.28 because it is possible for us to run back to the support line, wick it and then go up, trend do not change on 1 or 4 h candles. If I see a conformation to the upside I will enter the trade , my profit target will be around 1.30 I think we'll have sellers around there
Can you be so kind and post the indicator/s you use for your harmonic patterns .
I mean , how the ratios are written (eg, 0.618 ,0.786) within the Bat .
Also , I would like to ask about your fibo retracement tool .
Do you have on MT4 different tools for each pattern (Gartley , Bat , Crab , etc) or in all cases will be displayed the same levels (Bat).
Tks for sharing
Hi David This could be an interesting thread as there is surprising little info on this subject of forexfactory http://www.forexfactory.com/attachment.php?attachmentid=354674&d=1257374155 Above is where I found the indicator to download. It will automatically draw a BAT, Gartley and Crab as they occur and associated fibs. The indicator will move and adjust with price although seems to have a trigger price level line in red The white dotted fibs come with it. The yellow one is just the standard fibs indicator in MT4. I am just starting to understand it myself so interested to see what you make of it. I think it is a question of waiting for the pattern to line up with you anticipated level and hone in on an entry. Iím a noob when I comes to Gartleys. so interested to learn from Queenfx the systems and nuances need to trade these. Badge
Hi guys, thank you very much for all the posts I hope we'll draw enough attention for others to trade harmonic patterns, they are awesome. As for my trading most of the time I draw pattern myself depending on the price action and I use GFT gartley tool for that. I noticed that MT4 indicators often give wrong entry point into the trade, when the pattern hasn't finished forming and then it ajusts with time and candles. It's too much risk especially short time Gartley 15 min, 30 min and 1hour. Most of the time I try to enter 2hour, 4hour and 8hour Gartley formation, then you can definitely see forming resistance at the point D, several candles will be dancing around it withing 30-50 pip range and then you pinpoint your entry on 15min and 5 min chart http://www.screencast.com/users/yana...1-30faa54adb70
here is some of my patterns