- Post #1,869
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- Jan 22, 2013 10:06am Jan 22, 2013 10:06am
- | Joined Feb 2011 | Status: Member | 1,204 Posts
- Post #1,870
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- Jan 22, 2013 10:13am Jan 22, 2013 10:13am
choose a job you love and you will never have to work a day in your life
"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies
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180 reasons to trade Harmonics and Patterns 13 replies
DislikedI can't read your ratios properly but I THINK that's not a Gartley ( the AB retracement never made it to the 61.8 of XA main swing). it looks more to me as if it is an ABCD with the BC taking a long time to form?Ignored
Dislikedif I'm not mistaken the retracement is valid from 38.2 to 61.8, something wrong?Ignored
DislikedI put the same weight on all PRZ no matter the timeframe. You have to know what you are trading and what is reasonable expectancy on the timeframe you are trading. If the pattern is high timeframe that's fine just know that there will be significantly more swings and corrections between entry and target. But that does not change the strength of the signal. Because you are already on a smaller timeframe will help you identify a better entry and a more precise SL placement. If you are at the computer always take the time to review price action in...Ignored
Dislikedhi
i am one of the newbies here. i really enjoy the interaction and willingness to educate. I have a book by Larry Pesavento and i should admit that 99% of what is in the book never really made sense in real trading. thanks to YOU Mr. Pip, i have a better understanding even if it is still only a seed.
anyhow, i was wondering if anyone has comments about AUD/USD?Ignored
DislikedI believe AUD/USD created a gartley on the 1 minute, but its a lil messy because the 127 extension didnt match up with the 786 retracement of XA but it did bounce off the 786 maybe i measured wrong. still learning especially on the 1minIgnored
DislikedIf you're still asking if that is a valid gartley the answer is NO it does not according to Mr Pips rules. He has optimized the pattern rules for the highest probability trades. Does it qualify for a generic gartley, probable.Ignored
DislikedI was watching A/U M5 for an aggressive C but did not close in the zone.
The A/U gartley has the ABCD PRZ not confluent with the 78-88 fibsIgnored