Gartly/Butterfly patterns - All Pairs | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Gartley/bat/crab/butterfly/abcd/three Drives Pattern Indicator Help 50 replies

Export All pairs or selected pairs to .csv with script 3 replies

Question on butterfly and gartley patterns 0 replies

Butterfly 5 replies

Price Patterns, All Pairs - Daily & Above 6 replies

Attachments: Gartly/Butterfly patterns - All Pairs
Exit Attachments

Gartly/Butterfly patterns - All Pairs

  • #1
  • First Post: Edited Sep 4, 2009 9:00pm Sep 3, 2009 11:04pm | Edited Sep 4, 2009 9:00pm
This thread will be updated daily M-F (EVERY HOUR) on price patterns for all Currency Pairs

feel free to ask questions and inputs to the thread

  • #2
  • Sep 4, 2009 7:24am Sep 4, 2009 7:24am
How is it going guys well This trade is forming pretty well i would like to see a bit more of price symmetry before it hits the D(buying Point) any questions feed back feel free to ask and post up thanks.

POTENTIAL STRATEGY :H4 BULLISH GARTLY
BUY:EUR/USD AT 1.4121 (.786FIB)
STOP: IS AT 1.4071
TARGET 1 : 1.4219
TARGET 2 : 1.4249


TRADE INVALIDATION'S:
-A MOVE IN PRICE ABOVE 1.4370 BEFORE IT HITS D(BUYING POINT) WILL CANCEL THE TRADE OUT.
-A MOVE IN PRICE BELOW 1.4071 WILL STOP THE TRADE OUT.
-LONG BARS BEFORE COMPLETION IS ALSO A BIG RED FLAG I HAVE BEEN BURNED BY LONG BARS WAY TOO MANY TIMES.
-REMEMBER ALWAYS CHECK FUNDAMENTALS SEE IF A BIG NEWS IS COMING OUT WHEN YOU SEE IT FORMING NEWS CAN MAKE PRICE BEHAVE WEIRD. THANKS
Attached Image (click to enlarge)
Click to Enlarge Name: EURO forexfac.JPG Size: 103 KB
  • #3
  • Sep 4, 2009 8:35am Sep 4, 2009 8:35am
How is it going, remember i try to update this thread every hour so keep an eye!!!!. Well this pattern is forming beautiful i love to see price symmetry, Time symmetry check it out (Remember traders should be only risking 1-3% of their account on each trade so the reward/risk could work) .

POTENTIAL STRATEGY :H8 GARTLY
BUY: EUR/JPY AT 129.54 (.786FIB)
STOP: IS AT 128.00
TARGET 1 : 132.05
TARGET 2 : 132.81


TRADE INVALIDATION'S:
- A MOVE IN PRICE ABOVE 136.00 BEFORE IT HITS D(BUYING POINT) WILL CANCEL THE TRADE OUT.
-A MOVE IN PRICE BELOW 128.00 WILL STOP THE TRADE OUT.
-LONG BARS BEFORE COMPLETION IS ALSO A BIG RED FLAG I HAVE BEEN BURNED BY LONG BARS WAY TOO MANY TIMES
-REMEMBER ALWAYS CHECK FUNDAMENTALS SEE IF A BIG NEWS IS COMING OUT WHEN YOU SEE IT FORMING NEWS CAN MAKE PRICE BEHAVE WEIRD. THANKS
Attached Image (click to enlarge)
Click to Enlarge Name: euryen.JPG Size: 99 KB
  • #4
  • Edited 11:29am Sep 4, 2009 9:59am | Edited 11:29am
Well this is quite a nice pattern its forming nice if you look that white resistance line its keeping price under something to keep an eye on well this is the USD/CHF don't know many people that trade it but i sure do.
Any one has any charts that want to show me or questions let me know REMEMBER WE ARE ALL STUDENTS.!!!


POTENTIAL STRATEGY : H8 BUTTERFLY
BUY: USD/CHF AT 1.0480 (1.272 FIB)
STOP: IS AT 1.0427
TARGET 1 : 1.0561
TARGET 2 : 1.0612


TRADE INVALIDATION'S :
- A MOVE IN PRICE ABOVE 1.0800 BEFORE IT HITS D(BUYING POINT) WILL CANCEL THE TRADE OUT.
- A MOVE IN PRICE BELOW 1.0427 WILL STOP THE TRADE OUT
-LONG BARS BEFORE COMPLETION IS ALSO A BIG RED FLAG I HAVE BEEN BURNED BY LONG BARS WAY TOO MANY TIMES .
-REMEMBER ALWAYS CHECK FUNDAMENTALS SEE IF A BIG NEWS IS COMING OUT WHEN YOU SEE IT FORMING NEWS CAN MAKE PRICE BEHAVE WEIRD. THANKS
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.JPG Size: 101 KB
  • #5
  • Sep 4, 2009 11:29am Sep 4, 2009 11:29am
Now this pattern is interesting i have been keeping an eye on it for over a week now it almost canceled it self out when it drop immensely on 9/1 but it never got to that point and it reversed on it way up again here is the pattern now remember LONG BARS STAY AWAY switch down to your 30min 15 min chart and look because in H4 all the bars are long lol.

POTENTIAL STRATEGY : H4 BUTTERFLY
SELL: NZD/USD AT 0.6950 (1.272 FIB)
STOP: IS AT 0.7000
TARGET 1 : 0.6842
TARGET 2 : 0.6808


TRADE INVALIDATION'S :
- A MOVE IN PRICE BELOW 0.6663 BEFORE IT HITS D(BUYING POINT) WILL CANCEL THE TRADE OUT.
- A MOVE IN PRICE ABOVE 0.7000 WILL STOP THE TRADE OUT
-LONG BARS BEFORE COMPLETION IS ALSO A BIG RED FLAG I HAVE BEEN BURNED BY LONG BARS WAY TOO MANY TIMES .
-REMEMBER ALWAYS CHECK FUNDAMENTALS SEE IF A BIG NEWS IS COMING OUT WHEN YOU SEE IT FORMING NEWS CAN MAKE PRICE BEHAVE WEIRD. THANKS
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.JPG Size: 97 KB
  • #6
  • Sep 4, 2009 11:39am Sep 4, 2009 11:39am
nice analysis. do u trade gold?/
  • #7
  • Sep 4, 2009 11:57am Sep 4, 2009 11:57am
No i don't i would like to start though but i got to get enough money aside to invest. For now Forex is what i specialize in. You trade Price patterns?????


Quoting goodness
nice analysis. do u trade gold?/
  • #8
  • Sep 4, 2009 1:03pm Sep 4, 2009 1:03pm
trades that i am currently in:

Usd/jpy: Long from 91.982
t1@:92.910
t2@:93.625
  • #9
  • Sep 4, 2009 4:31pm Sep 4, 2009 4:31pm
Hi,

Been trading for 3.5 yrs and pretty nicely nowadays, fibs, inside bars, candle formations, trendlines and s/r, now I have been looking at ab=cd patterns, 123 and gartley and butterfly patterns as these are proven facts to occur and if proper set up a very nice trade ensues, what do you recommend to read and study that has obviously helped you to achieve success with these patterns, thank you for your time, and I will become a follower of your thread, I havent followed a thread on ff for quite some time, but I have been intrigued by these patterns for a few months now, thanks again.
hlass

Quoting dnagold
trades that i am currently in:

Usd/jpy: Long from 91.982
t1@:92.910
t2@:93.625
  • #10
  • Sep 5, 2009 10:08am Sep 5, 2009 10:08am
Nice thread. I will follow it.
Thank You for your engagement.
Do you use any indicator or software to detect Gartley or Butterfly patterns?
IL SUCCESSO E' UNA SCIENZA ESATTA.
  • #11
  • Sep 6, 2009 11:18am Sep 6, 2009 11:18am
Quoting dnagold
This thread will be updated daily M-F (EVERY HOUR) on price patterns for all Currency Pairs

feel free to ask questions and inputs to the thread

i'll pop in now and then keen to learn more
  • #12
  • Sep 6, 2009 11:57am Sep 6, 2009 11:57am
How is it goin Hlass thanks for your intrest in my thread. Well you tell me you want to further your knowledge in Price Patterns i have two books to recommend. The first one is "Trade What You See" by, Larry Pesavento
and this other book i have not read but my mentor has been telling me to read it and i am in the process. I just ordered it it should be getting to me in 1-3 business days this other book is "Trading In The Zone " by, Mark Douglas this is not a technical book but a book about the psychological part of trading.

(Remember Price Pattern up-dates Will be put up M-F Every Hour I usually dont do it on the weekends feel free to ask questions or put up charts When ever though)

Quoting HLass
Hi,

Been trading for 3.5 yrs and pretty nicely nowadays, fibs, inside bars, candle formations, trendlines and s/r, now I have been looking at ab=cd patterns, 123 and gartley and butterfly patterns as these are proven facts to occur and if proper set up a very nice trade ensues, what do you recommend to read and study that has obviously helped you to achieve success with these patterns, thank you for your time, and I will become a follower of your thread, I havent followed a thread on ff for quite some time, but I have been intrigued by these patterns...
  • #13
  • Sep 6, 2009 12:16pm Sep 6, 2009 12:16pm
Thanks for your Intrest in the thread keep an eye on it lets make some Money.. No i do not use any price recognition software or indicators i heard that they are really not reilable there is nothing like the human brain i say . I get the results of these patterns i put up by
Fibs measurement ,Pivots,Trendlines WEEKLY-15min)

(Remember Price Pattern up-dates Will be put up M-F Every Hour I usually dont do it on the weekends feel free to ask questions or put up charts When ever though)

Quoting Pepperap
Nice thread. I will follow it.
Thank You for your engagement.
Do you use any indicator or software to detect Gartley or Butterfly patterns?
  • #14
  • Sep 6, 2009 1:21pm Sep 6, 2009 1:21pm
No problem any questions or input ,charts feel free to post it up..

(Remember Price Pattern up-dates Will be put up M-F Every Hour I usually dont do it on the weekends feel free to ask questions or put up charts When ever though)



Quoting ben10
i'll pop in now and then keen to learn more
  • #15
  • Sep 6, 2009 1:41pm Sep 6, 2009 1:41pm
Hope this thread will continue update frequently. I do trade patterns frequently though can't run indicators presently due my system unable to handle it but do it with roughly seeing charts.I mostly trade eu & often gu & gj.
I will appreciate if the feedback of each trade done as per signal.
Thanks dnagold opening this thread.Best wishes to you helping people.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #16
  • Sep 6, 2009 2:15pm Sep 6, 2009 2:15pm
That's awsome fontu, patterns is all a i i trade i use to trade other strategys but i really got good at analyzing patterns im not the best but my setups have worked out for me. Andsince ive made my trade plan around patterns and that trade plan is what i follow on every trade no matter what.

Well i will up-date this thread as much as possible i am going to start dating the charts so people won't get confused of so many charts being put up and i will post when a pattern is invalidated, in progress, and stoped out


(Remember Price Pattern up-dates Will be put up M-F Every Hour I usually dont do it on the weekends feel free to ask questions or put up charts When ever though)




Quoting fontu
Hope this thread will continue update frequently. I do trade patterns frequently though can't run indicators presently due my system unable to handle it but do it with roughly seeing charts.I mostly trade eu & often gu & gj.
I will appreciate if the feedback of each trade done as per signal.
Thanks dnagold opening this thread.Best wishes to you helping people.
fontu
  • #17
  • Sep 6, 2009 4:07pm Sep 6, 2009 4:07pm
Dnagold,

thank you very much, I will certainly look into this book, as I see pesavento has 11 entries, I have heard of him, and know that he knows his stuff, thanks again.

Quoting dnagold
How is it goin Hlass thanks for your intrest in my thread. Well you tell me you want to further your knowledge in Price Patterns i have two books to recommend. The first one is "Trade What You See" by, Larry Pesavento
and this other book i have not read but my mentor has been telling me to read it and i am in the process. I just ordered it it should be getting to me in 1-3 business days...
  • #18
  • Sep 7, 2009 7:05am Sep 7, 2009 7:05am
Well We have a pattern almost forming i got to tell you i do not like that the US is in a bank holiday since we are trading Dollar strength ,and those long bars i see in NZD/USD but what did catch my attention is that it slowed down and consolidated for 4 hours now that is good. It lets me know that price should be getting exhausted i am more confident in the trade with that said here it is let me know if anyone is going in this trade questions or feedback feel free Thanks.

POTENTIAL STRATEGY : H4 BUTTERFLY
SELL: NZD/USD AT 0.6950 (1.272 FIB)
STOP: IS AT 0.7000
TARGET 1 : 0.6842
TARGET 2 : 0.6808


TRADE INVALIDATION'S :
- A MOVE IN PRICE BELOW 0.6663 BEFORE IT HITS D(BUYING POINT) WILL CANCEL THE TRADE OUT.
- A MOVE IN PRICE ABOVE 0.7000 WILL STOP THE TRADE OUT
-LONG BARS BEFORE COMPLETION IS ALSO A BIG RED FLAG I HAVE BEEN BURNED BY LONG BARS WAY TOO MANY TIMES .
-REMEMBER ALWAYS CHECK FUNDAMENTALS SEE IF A BIG NEWS IS COMING OUT WHEN YOU SEE IT FORMING NEWS CAN MAKE PRICE BEHAVE WEIRD. THANKS
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZD.JPG Size: 100 KB
Click to Enlarge Name: NZD2.JPG Size: 97 KB
  • #19
  • Sep 7, 2009 8:26am Sep 7, 2009 8:26am
Well this is quite a nice pattern its forming nice if you look that white resistance line its keeping price under something to keep an eye on well this is the USD/CHF don't know many people that trade it but i sure do.
Any one has any charts that want to show me or questions let me know REMEMBER WE ARE ALL STUDENTS.!!!


POTENTIAL STRATEGY : H8 BUTTERFLY
BUY: USD/CHF AT 1.0480 (1.272 FIB)
STOP: IS AT 1.0427
TARGET 1 : 1.0561
TARGET 2 : 1.0612


TRADE INVALIDATION'S :
- A MOVE IN PRICE ABOVE 1.0800 BEFORE IT HITS D(BUYING POINT) WILL CANCEL THE TRADE OUT.
- A MOVE IN PRICE BELOW 1.0427 WILL STOP THE TRADE OUT
-LONG BARS BEFORE COMPLETION IS ALSO A BIG RED FLAG I HAVE BEEN BURNED BY LONG BARS WAY TOO MANY TIMES .
-REMEMBER ALWAYS CHECK FUNDAMENTALS SEE IF A BIG NEWS IS COMING OUT WHEN YOU SEE IT FORMING NEWS CAN MAKE PRICE BEHAVE WEIRD. THANKS
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF.JPG Size: 99 KB
  • #20
  • Sep 7, 2009 10:02am Sep 7, 2009 10:02am
How is it going, remember i try to update this thread every hour so keep an eye!!!!. Well this pattern is forming beautiful i love to see price symmetry, Time symmetry check it out (Remember traders should be only risking 1-3% of their account on each trade so the reward/risk could work) .

POTENTIAL STRATEGY :H8 GARTLY
BUY: EUR/JPY AT 129.54 (.786FIB)
STOP: IS AT 128.00
TARGET 1 : 132.05
TARGET 2 : 132.81


TRADE INVALIDATION'S:
- A MOVE IN PRICE ABOVE 136.00 BEFORE IT HITS D(BUYING POINT) WILL CANCEL THE TRADE OUT.
-A MOVE IN PRICE BELOW 128.00 WILL STOP THE TRADE OUT.
-LONG BARS BEFORE COMPLETION IS ALSO A BIG RED FLAG I HAVE BEEN BURNED BY LONG BARS WAY TOO MANY TIMES
-REMEMBER ALWAYS CHECK FUNDAMENTALS SEE IF A BIG NEWS IS COMING OUT WHEN YOU SEE IT FORMING NEWS CAN MAKE PRICE BEHAVE WEIRD. THANKS
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.JPG Size: 101 KB
0 traders viewing now