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Gartly/Butterfly patterns - All Pairs

  • #141
  • Jan 27, 2010 1:05pm Jan 27, 2010 1:05pm
Quoting bolo
Looks like it wasn't gartley after all. As failed to bounce. Would you have any idea what might happen now or do we need to wait a bit to see if new pattern is forming?

Well for me its still a valid trade. my stops are 10 to 15 pips below the low of X which would still keep you in this trade. Its not pretty thats for sure. if it keeps going look for support again at 8643 area. the 127 extention off x to a. if your still in your partial target would be just under 8700 area.

hope that helps.

doug
  • #142
  • Jan 28, 2010 1:29am Jan 28, 2010 1:29am
hi
i would be grateful correct me if i made mistake

USDCHF1440
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  • #143
  • Jan 28, 2010 2:28am Jan 28, 2010 2:28am
some possible bullish PA on EURGBP...
Attached Image(s) (click to enlarge)
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  • #144
  • Jan 28, 2010 5:57am Jan 28, 2010 5:57am
wot projection did u use doe ur eurgbp daily
AB?
or BC?
  • #145
  • Jan 28, 2010 6:11am Jan 28, 2010 6:11am
Quoting Naijafx
wot projection did u use doe ur eurgbp daily
AB?
or BC?
I have 200BC @ .8513 and 161.8AB @ .8476
  • #146
  • Jan 28, 2010 7:40am Jan 28, 2010 7:40am
Attached Image (click to enlarge)
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  • #147
  • Jan 28, 2010 8:15am Jan 28, 2010 8:15am
Quoting Maforexcity
hi
i would be grateful correct me if i made mistake

USDCHF1440
that's my view at this point:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2010-01-28_usdchf_d1.png Size: 70 KB
Click to Enlarge Name: 2010-01-28_USDCHF_h4_sell.png Size: 78 KB
  • #148
  • Jan 28, 2010 8:22am Jan 28, 2010 8:22am
agree with ur chart pikeliver....got a buy at 8575.....huge ABCD pattern 556+pips AB leg and CD leg....waiting for that climax sell....quite a few supports there too including 1.618 expansion #

BcD extension probably a pesavanto 1.902

i gotta be patient with this one....the long bars are alittle unnerving but gbp pairs are due to catch down draft

my 2 cents
it had seemed so obvious at the time
  • #149
  • Jan 28, 2010 9:05am Jan 28, 2010 9:05am
Quoting knias
bullish 4hr three drives ..?
move sl to be @ .8937
  • #150
  • Jan 28, 2010 10:58am Jan 28, 2010 10:58am
Quoting knias
some possible bullish PA on EURGBP...
move sl to be @ 0.8610. Free ride...
  • #151
  • Jan 28, 2010 12:19pm Jan 28, 2010 12:19pm
Quoting knias
move sl to be @ .8937
SL triggered - position closed.
  • #152
  • Jan 29, 2010 3:54am Jan 29, 2010 3:54am
Quoting knias
that's my view at this point:
thanks. it seems better than my view.

Reciprocal AB=CD?
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  • #153
  • Jan 29, 2010 8:33am Jan 29, 2010 8:33am
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  • #154
  • Jan 29, 2010 9:28am Jan 29, 2010 9:28am
Quoting pikeliver
Attachment

You also have a head and shoulders completing into that 127 area. which is even better.

But i will say i dont tend to play the patterns liike what you just drew. because your X did not break market structure to be classified as an impulse move. Others might feel differently but. As I look at it the 4 hour chart has been making lower lows and lower highs untill just a day or so ago. which means i have to draw my X from the high that started the break of market structure which was 93.76. Now you might be able to find this pattern on a smaller timeframe based on these rules also.
Just my two sense.
  • #155
  • Jan 29, 2010 9:54am Jan 29, 2010 9:54am
Quoting Maforexcity
thanks. it seems better than my view.

Reciprocal AB=CD?

i put the sl on entry point.(break even)
tp :fib ret 50% CD =125.78
Attached Image (click to enlarge)
Click to Enlarge Name: EURYEN.JPG Size: 50 KB
  • #156
  • Jan 29, 2010 10:27am Jan 29, 2010 10:27am
Quoting Maforexcity
i put the sl on entry point.(break even)
tp :fib ret 50% CD =125.78
tp=78 pips
  • #157
  • Feb 1, 2010 3:04am Feb 1, 2010 3:04am
Quoting knias
move sl to be @ 0.8610. Free ride...
T2 filled - 1/2 position closed, sl @ t1.
  • #158
  • Feb 1, 2010 4:12am Feb 1, 2010 4:12am
Quoting knias
T2 filled - 1/2 position closed, sl @ t1.
hi knias,
I'm at the same boat ,I posted a bullish gartley for ERUGBP at my thread (no diff with your ab=cd approach) I just moved SL to B/E ,I wonder what is your target ,I think of 50% of AD around .9050, what do you think?
besides, I have ac=cd for EURUSD and USDCHF, but they didnt get filled (I have buy order at 1.3750 for Eur and sell 1.0700 for Chf) do you think I should be waiting or the price wont get there this week?
  • #159
  • Feb 2, 2010 2:08am Feb 2, 2010 2:08am
Quoting shahab8b
hi knias,
I'm at the same boat ,I posted a bullish gartley for ERUGBP at my thread (no diff with your ab=cd approach) I just moved SL to B/E ,I wonder what is your target ,I think of 50% of AD around .9050, what do you think?
besides, I have ac=cd for EURUSD and USDCHF, but they didnt get filled (I have buy order at 1.3750 for Eur and sell 1.0700 for Chf) do you think I should be waiting or the price wont get there this week?
My prime target is .8850 resistance.
Regarding EUR and CHF, I'm bearish on USD in general but at the moment we have definitely a bullish momentum, so for me it's time for patience...
  • #160
  • Feb 2, 2010 7:31am Feb 2, 2010 7:31am
needs to break 61.8
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