AFTAB
Time Will Tell & Price Will Show
- #88
- Jul 7, 2009 5:09pm Jul 7, 2009 5:09pm
Just updating the charts.
aftab, the gartney measurement you have there, is that part of the charting software? I use MT4 and I dont see that in it.
Hopefully more pips today.
Fantastic analysis and congrats on the trade aftab.I m beginning to understand how you stalk the market and play around it.This makes trading fun.
aftab, the gartney measurement you have there, is that part of the charting software? I use MT4 and I dont see that in it.
Hopefully more pips today.
Mate I could not take this trade. I have been stalking it for a while now but by the time I came home, I missed the boat.
When I posted the first chart, it was in the morning when I was expecting things to come together that day - but too late the hero.
I use ENSIGN. Pay $50 a month but worth it.
AFTAB
Time Will Tell & Price Will Show
Anybody looking at this one?
The ABCD is to the exact pip at the 886 retracement at the back of the daily trendline. Candle yet to close in 2Hrs. So far looking good but will calculate R:R after the candle closes on the smaller time frame.
Might have missed the boat..
The ABCD is to the exact pip at the 886 retracement at the back of the daily trendline.
Candle yet to close in 2Hrs. So far looking good but will calculate R:R after the candle closes on the smaller time frame. Might have missed the boat..
AFTAB
Time Will Tell & Price Will Show
Just as we saw a bullish gartley form on the 4HR, what we see here is a bullish butterfly on the 15 Mins.
Gartlies usually follow the butterflies.
Will wait for a bullish gartley to close above the green daily trendline. The higher it goes now the better, as the down ABCD that will complete the gartley (probability only) has better chances of closing above the daily trendline.
Gartlies usually follow the butterflies.
Will wait for a bullish gartley to close above the green daily trendline. The higher it goes now the better, as the down ABCD that will complete the gartley (probability only) has better chances of closing above the daily trendline.
AFTAB
Time Will Tell & Price Will Show
- #93
- Edited 2:53am Jul 8, 2009 2:46am | Edited 2:53am
I am still broadly bearish on USD in the long term even though price has retraced sharply, my usdcad trade might be stopped out soon. Will look for a long term short setup again on the weekly chart.
I have been waiting for this KISS for a while. Does your chart say the same thing?
Nimrod, the second chart is how I would trade it should the harmonics play out. Price is exactly where we want it to be (outside the daily up trendline).
Again it might go to the 127% or the 161.8% and then come back down, but will take it as it comes...
What are your thoughts...
AFTAB
Time Will Tell & Price Will Show
- #94
- Jul 8, 2009 6:19am Jul 8, 2009 6:19am
Soya,
Nimrod, the second chart is how I would trade it should the harmonics play out. Price is exactly where we want it to be (outside the daily up trendline).
Again it might go to the 127% or the 161.8% and then come back down, but will take it as it comes...
What are your thoughts...
Let see, ....,
Ok, here it is, I m on the sideline on the Looney at the moment.I m not too keen at it but i like the KISS chart as I m sure PA and market movers would collectively move price towards the next resistance either for a bounce of a breakout.
I m still new to the butterfly pattern,so I just hovering on to looney till I see IT.
I m still on with the gbpusd trade.Just closed partially (200pips) and hopefully to T3 at 1.6025
BTW,Aftab, where are you from? If you don't mind me asking? anywhere near GMT+8?
Soya,
I have been waiting for this KISS for a while. Does your chart say the same thing?
Nimrod, the second chart is how I would trade it should the harmonics play out. Price is exactly where we want it to be (outside the daily up trendline).
Again it might go to the 127% or the 161.8% and then come back down, but will take it as it comes...
What are your thoughts...
Hi Aft, Soya
Let see, ....,
Ok, here it is, I m on the sideline on the Looney at the moment.I m not too keen at it but i like the KISS chart as I m sure PA and market movers would collectively move price towards the next resistance either for a bounce of a breakout.
I m still new to the butterfly pattern,so I just hovering on to looney till I see IT.
I m still on with the gbpusd trade.Just closed partially (200pips) and hopefully to T3 at 1.6025
BTW,Aftab, where are you from? If you don't mind me asking? anywhere near GMT+8?
Hi Aft, Soya
Let see, ....,
Ok, here it is, I m on the sideline on the Looney at the moment.I m not too keen at it but i like the KISS chart as I m sure PA and market movers would collectively move price towards the next resistance either for a bounce of a breakout.
I m still new to the butterfly pattern,so I just hovering on to looney till I see IT.
I m still on with the gbpusd trade.Just closed partially (200pips) and hopefully to T3 at 1.6025
BTW,Aftab, where are you from? If you don't mind me asking? anywhere near GMT+8?
Good one.
Do not worry about the butterfly mate. It is a difficult one and at times when it fails it will move against you like a rocket. You noticed the 15 mins chart that posted on the AUD. The thing is to have the stops in place.
With the Harmonics, stop or profit targets are met very quickly - either way.
With the other example that I posted above, the Gartley gave us a better risk:reward ratio. The Gartley is a safer to trade because it's with the trend. Combine that with the trendlines and you can very seldom go wrong, and even if you do, it will be with a very small stop loss.
AFTAB
Time Will Tell & Price Will Show
Nimrod,
When I mentioned earlier about how beautiful the trendlines and harmonics work together this is what I meant. Again I saw this when I got up an 30 mins back. Cannot help it my friend.
The reason I am also posting this is because (mostly), this method gives you more than one opportunity even if you have missed the trade at the trendline. Notice where we took the trade with DRA's method using the gartley for almost a free trade and then another opportunity.
The reason I would have taken profit at 1.272 and 1.618 because the larger time frame (4HRs) 1.618 was still further down.
Notice how the 1.618 plays out as your stop. If it went over 1.618 we would basically see an uptrend forming (normally) and price does not usually move that way. Besides only 10 pips mate.. how cheap could we get.
When I mentioned earlier about how beautiful the trendlines and harmonics work together this is what I meant. Again I saw this when I got up an 30 mins back. Cannot help it my friend.
The reason I am also posting this is because (mostly), this method gives you more than one opportunity even if you have missed the trade at the trendline. Notice where we took the trade with DRA's method using the gartley for almost a free trade
and then another opportunity. The reason I would have taken profit at 1.272 and 1.618 because the larger time frame (4HRs) 1.618 was still further down.
Notice how the 1.618 plays out
as your stop. If it went over 1.618 we would basically see an uptrend forming (normally) and price does not usually move that way. Besides only 10 pips mate.. how cheap could we get. 
AFTAB
Time Will Tell & Price Will Show