Dislikedthx. i am happy to help all as it keeps me sharp as well.
i guess it could be related to EW patterns, however, that is the only 'wave' pattern i really look for and i look for it in these TFs up to the 1 HR. i dont get caught up with the whole counting thing... i find that to be very subjective and easy to come out w/different coutns; not that i am an EW expert by any means, actually i am not that familiar at all w/ real EW. I just like to keep it simple - ABCD. look to get in early from a to b when possible; mostly trade C to D. and stayin away from beyond D unless i have significant profit form the prior legs OR i see a strong divergence in the beyond D area, i might try for a reversal setup, but ONLY if i have good profit (and will try that with reduced lots). I posted a chart soime time ago here where i looked for MACD div. that resulted in a Reversal upwards after an ABCD down move... i think it was E / J. i" ll try and dig up the post.
as for gartleys...i am SURE u know way more than I. please enlighten me.
as for the C to D leg, the first thing i look for is to see if it takes out the prior swing hi/lo at point B. I also look to see if the C to D leg moves at least half the # of pips of the range of A to B
the fib extensions are good places to take profit for sure. the key for me is to scale out at those levels/pivots/when mkt stalls. Why? i like to take profit. I never know when the trend is over till its over, BUT when i ahve profit, i know it.
If I don't see the C to D leg take out point B, then i am on guard for the possibility that the trend maybe losing momentum and i my see the mkt move into a "beyond D" behavior.
as for the pivots - Imran has incorporated them into one of the templates here.
I also posted some files not too long ago.
hope that helps.Ignored
Fx Diva