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Harmonic and Classic Patterns

  • #1
  • First Post: Edited Nov 9, 2010 8:57am Apr 29, 2009 11:59am | Edited Nov 9, 2010 8:57am
Hi all,
This thread is created to show Harmonic Patterns. I will be identifying Gartley, Butterfly, ABCD patterns as well as the more common Head and Shoulders, Triangles, Flags, etc...
A little info: My main method of trading is to follow my Wave Analysis in conjunction with identifying the popular Harmonic Patterns. Using wave analysis helps clarify and justify my trade entries and trade management. Combining this with my own entry trigger technique which I have developed with a trading colleague, has given my trading the much needed 'edge'.
I hope everyone can gain a little insight from my posts in this thread and please feel free to join in. Enjoy your stay!!

Gustavo.
  • #2
  • Edited 3:44pm Apr 29, 2009 12:07pm | Edited 3:44pm
This is a possible Head & Shoulder pattern in H4 time frame.
Is important to note the previous Butterfly Harminoc Pattern which conforms Left Shoulder.

The Neckline breakout and retest is not so clear, but a new low below 1.1977 will confirm the bearish move.

As per the Patternīs theory, we`ll expect an aproximately 800 pips bearish move from the neckline to the south.
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  • #3
  • Apr 29, 2009 12:19pm Apr 29, 2009 12:19pm
Quoting SwellTrader
Hi all,
This thread is created to show Harmonic Patterns.
I`ll try to spot Gartleys and Butterflies, as well as Head and Shoulders, Triangles, Flags, etc.
Hope you enjoy it and to receive all your commentaries.

SwellTrader
Thanks opening this tread & I have great interest recognizing patterns in real time trading . Hope many will post in real time & interact others to help good trading .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #4
  • Apr 29, 2009 3:41pm Apr 29, 2009 3:41pm
This is a H&S in the daily Time frame.
Seems to be that right shoulder is done, so will wait for a breakout and retest of the Neckline.

The unfolding of the pattern will be helped by the bullish breakout of the 38.2 Fib Fan level.

First Target area is coinciding with 61.8% Fib Retracement of the whole bearish move from 0.8213, and second one could be at 78.2 level.
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  • #5
  • Apr 29, 2009 4:16pm Apr 29, 2009 4:16pm
hi mate, i dont believe that is a legit h+s..??
cheers jon
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PATIENCE... DISCIPLINE
  • #6
  • Apr 29, 2009 4:28pm Apr 29, 2009 4:28pm
Quoting g_j_hook@yah
hi mate, i dont believe that is a legit h+s..??
cheers jon
Hi Jon,

Thanks for ur reply.
I think that the double top u remarked donīt invalidate the pattern.
Anyway, we have to wait for breakout and retest of the neckline for pattern confirmation.

  • #7
  • Apr 29, 2009 6:39pm Apr 29, 2009 6:39pm
Quoting SwellTrader
This is a possible Head & Shoulder pattern in H4 time frame.
Is important to note the previous Butterfly Harminoc Pattern which conforms Left Shoulder.

The Neckline breakout and retest is not so clear, but a new low below 1.1977 will confirm the bearish move.

As per the Patternīs theory, we`ll expect an aproximately 800 pips bearish move from the neckline to the south.
Congrats open this thread. Hope everyone will enjoy and shared your view together.

As per usdcad i have combined together with wolfe waves count and harmonic patterns. These two are unfolding as price is still in down trend and will meet together in sometimes in near futures.

Cheers,
bc
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  • #8
  • Apr 29, 2009 7:57pm Apr 29, 2009 7:57pm
this definitely has a place in every1s trading. keep up the good work.
  • #9
  • Apr 30, 2009 6:17am Apr 30, 2009 6:17am
Quoting bingchi6
Congrats open this thread. Hope everyone will enjoy and shared your view together.

As per usdcad i have combined together with wolfe waves count and harmonic patterns. These two are unfolding as price is still in down trend and will meet together in sometimes in near futures.

Cheers,
bc
Hey J! nice to see u here!

Thanks for the comment & post.
See that if the WW u show unfolds enterely, the H&S will be still valid since points 1 to 4 line coincides near with H&S`s neckline.

  • #10
  • May 1, 2009 4:11am May 1, 2009 4:11am
I like Gartley Patterns, thanks for the thread

__________________________________________________________

Learn Gartley Patterns
  • #11
  • May 2, 2009 2:29pm May 2, 2009 2:29pm
hi guys, the gartey patterns are something iv not researched, was wanting to know how reliable they are??has anyone been trading these patterns a while who could post some ave. stats??
cheers
jon
PATIENCE... DISCIPLINE
  • #12
  • May 2, 2009 3:26pm May 2, 2009 3:26pm
Quoting g_j_hook@yah
hi guys, the gartey patterns are something iv not researched, was wanting to know how reliable they are??has anyone been trading these patterns a while who could post some ave. stats??
cheers
jon
I am looking also for some confirmation on gartly fib..posted a daily euro/jap chart..looks like pattern??? But I am knew to this fib pattern. Any senior members input would be welcome!
  • #13
  • May 2, 2009 3:29pm May 2, 2009 3:29pm
Quoting errich fx
I like Gartley Patterns, thanks for the thread

__________________________________________________________

Learn Gartley Patterns
thanks for the site...I would appreciate any opinion on this euro/jpy daily chart..is it a gartly setup?
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  • #14
  • May 2, 2009 10:40pm May 2, 2009 10:40pm
This thread has epic potential. Keep it up!
  • #15
  • May 2, 2009 11:21pm May 2, 2009 11:21pm
this is the thread i have been waiting for.

hope the pattern formation is not limited to h&s.

bravo swelltrader.
  • #16
  • May 3, 2009 4:31am May 3, 2009 4:31am
Hi

Good thread, ST!

I am in fact acquiring the Harmonic method. This link is helpful . . . http://www.harmonictrader.com/

Hope to familiarize the AB=CD pattern first as well as Fibo retracements on primary numbers. Hope to see good examples.

Gartley + Butterfly are advanced to me but I enjoy reading the posts.

Hopefully someone can show the 3-Drives and Channels (0.618 & 1.270).

Let's keep up this thread.

fxpip8
  • #17
  • May 3, 2009 2:09pm May 3, 2009 2:09pm
Quoting StarChild
thanks for the site...I would appreciate any opinion on this euro/jpy daily chart..is it a gartly setup?
Your projecting this bullish gartley patterns quite possible happens. We had the first retracement "B" formed at the fib 50 level of X-A. As of now we need to wait for price to find resistance at a specific level to form C and once it did we could anticapted the wave CD.

Remember this is a big (daily) patterns. From here price could form many small bulish/bearish patterns in between and hopefully that price will come down to the level we expecting.

Good luck,

bc
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  • #18
  • May 3, 2009 2:34pm May 3, 2009 2:34pm
Quoting bingchi6
Your projecting this bullish gartley patterns quite possible happens. We had the first retracement "B" formed at the fib 50 level of X-A. As of now we need to wait for price to find resistance at a specific level to form C and once it did we could anticapted the wave CD.

Remember this is a big (daily) patterns. From here price could form many small bulish/bearish patterns in between and hopefully that price will come down to the level we expecting.

Good luck,

bc
Thank you for you comments...Do you recomend a smaller time frame to go by?
  • #19
  • May 4, 2009 8:50am May 4, 2009 8:50am
Here is 5 min chart bullish crab pattern of cable.
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  • #20
  • May 4, 2009 11:10am May 4, 2009 11:10am
Quoting StarChild
thanks for the site...I would appreciate any opinion on this euro/jpy daily chart..is it a gartly setup?
Hi Starchild,

What i trhink is that price is, for now, unfolding a AB=CD pattern, which have its crtitical moment at "B" point @ 137.40.
If price fail to breakout that point bullish, then we will begin to think in a possible bearish Gartley as u states.

For now, my bias is bullsih, looking for "C" point @ 61.8 FIBRET + 78.2 FIFAN "Fib Zone", @ aproximately 147.80 level.

Lets see what happens.

Swelltrader,
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