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Gartly/Butterfly patterns - All Pairs

  • #21
  • Sep 7, 2009 10:17am Sep 7, 2009 10:17am
INVALIDATED TRADES


- EUR/USD H4 Bullish Gartly post #2
  • #22
  • Sep 7, 2009 10:51am Sep 7, 2009 10:51am
Quoting dnagold
INVALIDATED TRADES


- EUR/USD H4 Bullish Gartly post #2
why?
  • #23
  • Sep 7, 2009 11:26am Sep 7, 2009 11:26am
Price almost went above the C point did not really get above it but close i would like to see a smaller pattern pointing towards the D Point (Buying Point) to reconfirm before taking the trade.
-Keep an eye On the NZD/USD, USD/CHF Patterns
-More patterns coming soon


(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 goodness
why?
  • #24
  • Sep 8, 2009 4:22pm Sep 8, 2009 4:22pm
I think your thread needs updating EUR/USD is already at 1.4507, your trade suggestion was for the Sep 4th??? also where can I find the explanation for the trend magic and BB_macd_cct indicators..???
  • #25
  • Sep 8, 2009 11:06pm Sep 8, 2009 11:06pm
Hi,

Is there a long gartley setting up on usd/cad with entry around 1.0725?

thanks
If you act surprised, then you probably missed something
  • #26
  • Sep 9, 2009 8:55am Sep 9, 2009 8:55am
NZD/USD


I AM CURRENTLY IN THIS TRADE I HATE THE NEGATIVE FUNDAMENTALS ON THE DOLLAR RIGHT NOW IT MAKES PRICE GO CRAZY AND THAT IS NOT HOW YOU WANT TO BE TRADING PATTERNS BUT IM STILL IN THIS TRADE
WAITING FOR 5PM RBNZ Official Cash Rate

(THE REASON WHY I MOVED THE TARGET UP IS BECAUSE PRICE WENT HIGHER THAN I PREDICTED SO THEY ARE DIFFERENT MEASUREMENTS)


POTENTIAL STRATEGY : H4 BUTTERFLY
SELL: NZD/USD AT 0.6950 (1.272 FIB)
STOP: IS AT 0.7018
TARGET 1 : 0.6880
Attached Image (click to enlarge)
Click to Enlarge Name: nzd.JPG Size: 98 KB
  • #27
  • Sep 9, 2009 9:40am Sep 9, 2009 9:40am
THESE TRADES ARE INVALIDATED THE USD/CHF WAS STOPPED OUT AND THE EUR/USD IS A NEW PATTERN I NEVER PUT IT UP BUT I DID NOT ENTER ON ANY OF THEM WHY???? BECAUSE LONG BARS BEFORE ENTERY !!!!!!! IM TELLING YOU DONT UNDER ESTIMATE THEM THE EUR/USD IS STILL A VALID PATTERN BUT I WILL SIT THAT ONE OUT....

ANY QUESTIONS OR FEEDBACK FEEL FREE TO POST IT UP THANKS

(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)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: INV1.JPG Size: 85 KB
Click to Enlarge Name: INV2.JPG Size: 86 KB
  • #28
  • Sep 9, 2009 9:49am Sep 9, 2009 9:49am
Any thoughts on the USD/JPY dnagold?

Currently have a short order after comin up near resistance

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: yen.gif Size: 14 KB
  • #29
  • Sep 9, 2009 9:57am Sep 9, 2009 9:57am
How is it going i have a bullish h8 butterfly pattern that i am going to post up like around 1:45pm i am still analyzing making sure is a good pattern ill make sure to leave you a message in you profile when i post it up . Thanks


Quoting skris
any thoughts on the usd/jpy dnagold?

Currently have a short order after comin up near resistance

thanks
  • #30
  • Sep 9, 2009 11:02am Sep 9, 2009 11:02am
.
  • #31
  • Sep 9, 2009 11:05am Sep 9, 2009 11:05am
Well this pattern is forming pretty good i will keep an eye on this pattern no doubt about it. Its a little to early to see where my stop is going to be and the targets but once the pattern is forming i will be sure to post it up. Check it out
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.JPG Size: 84 KB
  • #32
  • Sep 9, 2009 1:13pm Sep 9, 2009 1:13pm
Why so long term why not lower time frames ?

i know someone at BP have a great thread just like yours he going for 30 pips dayli

he also lie to use many fib lines to determin targets and Dīs


the people in his thread claim a succes rate of 70% what do you have ?


best regards
  • #33
  • Sep 9, 2009 1:26pm Sep 9, 2009 1:26pm
I like bigger setups because the reward/risk. I also do small patterns but i really like to stick to big setups


Where is this thread at so i can check it out????
I have around a 70% too trying to work on it
thanks

Quoting jgadefelth
why so long term why not lower time frames ?

I know someone at bp have a great thread just like yours he going for 30 pips dayli

he also lie to use many fib lines to determin targets and dīs


the people in his thread claim a succes rate of 70% what do you have ?


Best regards
  • #34
  • Sep 9, 2009 1:30pm Sep 9, 2009 1:30pm
i have send you a PM i think you find it werry intresting from page 1 and forward

best regards
  • #35
  • Sep 9, 2009 3:15pm Sep 9, 2009 3:15pm
Well this pattern is forming pretty good i will keep an eye on this pattern no doubt about it. Its a little to early to see where my stop is going to be and the targets but once the pattern is forming i will be sure to post it up. Check it out
Attached Image (click to enlarge)
Click to Enlarge Name: H8EURJPY.JPG Size: 86 KB
  • #36
  • Sep 9, 2009 8:50pm Sep 9, 2009 8:50pm
Quoting jgadefelth
Why so long term why not lower time frames ?

i know someone at BP have a great thread just like yours he going for 30 pips dayli

he also lie to use many fib lines to determin targets and Dīs


the people in his thread claim a succes rate of 70% what do you have ?


best regards
Hi.. what is BP? could you point us to the thread ?
  • #37
  • Sep 9, 2009 9:49pm Sep 9, 2009 9:49pm
We have this h2 hour bearish gartly forming, is looking nice for now i would like to see this pattern forming tomorrow not today
so it could have some more price symmetry , and time symmetry. If i see any long bars (rally's) close to the completion point i will sit the trade out so keep an eye on this pattern (price symmetry is important to me buyers,and sellers)


potential strategy :h2 bearish gartly
sell:eur/jpy at 135.00 (.786fib)
stop: Is at 135.72
target 1 : 134.24
target 2 : 133.76


trade invalidation's:
-a move in price below 131.72 before it hits d(buying point) will cancel the trade out.
-a move in price above 135.72 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: jpy1111.JPG Size: 99 KB
  • #38
  • Sep 10, 2009 6:40am Sep 10, 2009 6:40am
I SEE THIS H8 PATTERN FORMING ON THIS PAIR HOPEFULLY PRICE WILL GET THERE THIS PATTERN ALSO HAS A POSSIBILITY OF BOUNCING OFF THE .382 BUT I AM GOING FOR THE .500 FIB. BECAUSE THE 200MVA IS RIGHT UNDER IT AND I FEEL A LITTLE MORE COMFORTABLE TAKING THE TRADE AT THE 500.FIB
IT IS TOO EARLY TO TELL WHERE MY STOP IS GOING TO BE AT BUT AS SOON AS THIS PATTERN IS FORMING I WILL BE SURE TO POST IT UP.
ANY QUESTIONS OR FEED BACK 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)
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.JPG Size: 136 KB
  • #39
  • Sep 10, 2009 8:19am Sep 10, 2009 8:19am
potential strategy :h2 bullish butterfly
buy:usd/jpy at 90.60 (2.000fib)
stop: Is at 90.15
target 1 : 91.35
target 2 : 91.60

trade invalidation's:
-a move in price above 92.50 before it hits d(buying point) will cancel the trade out.
-a move in price below 90.15 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: Chart17.JPG Size: 90 KB
  • #40
  • Sep 12, 2009 11:31pm Sep 12, 2009 11:31pm
Quoting dnagold
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


[b][i][size=3][color=#ff0000](Remember...
Thanks dnagold, hope the feedback about each pattern posted will be good , not neccessary all can be taken into action & tradeable as lots more patterns may come in 1 single time & not all patterns to work properly , can change from one to the other with time.
Next week will check again & again for your updates to see patterns in action & good results.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
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