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Backing Trades Thru Charts

  • #401
  • Mar 26, 2010 7:24pm Mar 26, 2010 7:24pm
Euro may be recovering #10302
  • #402
  • Mar 27, 2010 5:31pm Mar 27, 2010 5:31pm
Break of 125.20 can take us to upper TL
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  • #403
  • Mar 27, 2010 5:47pm Mar 27, 2010 5:47pm
Quoting TheLastCoke
Break of 125.20 can take us to upper TL

as you mentioned , there is a case of inverse Head & Shoulders on E/J ,
today when I was looking at U/J I came to the same conclusion ,

needs breaking the neckline though,
I saw your nice E/U chart but I'm still bearish on that one, I think the pattern on E/J may develop mostly due to U/J trend reversal. we will see
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  • #404
  • Mar 27, 2010 6:54pm Mar 27, 2010 6:54pm
hey guys i'm trying to learn to recognize harmonic patterns

could this be a bearish gartley on the uj daily chart?

B retraced to about the 61 retrace of XA.

i clicked duplicated AB and dragged it to C, and this meets perfectly with the BC projection of 161.

the 127 projection of BC lines up with the 78 retrace of XA

point C is right at the 61 retrace of AB
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  • #405
  • Mar 27, 2010 7:39pm Mar 27, 2010 7:39pm
The other side of the coin #217117
  • #406
  • Mar 27, 2010 7:41pm Mar 27, 2010 7:41pm
Quoting frankkn
hey guys i'm trying to learn to recognize harmonic patterns

could this be a bearish gartley on the uj daily chart?

B retraced to about the 61 retrace of XA.

i clicked duplicated AB and dragged it to C, and this meets perfectly with the BC projection of 161.

the 127 projection of BC lines up with the 78 retrace of XA

point C is right at the 61 retrace of AB
good, I keep it simple, ab=cd , they are the same (you need abcd for gartley),
first 97 then 93
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  • #407
  • Mar 27, 2010 7:50pm Mar 27, 2010 7:50pm
Quoting TheLastCoke
The other side of the coin #217117
#773
  • #408
  • Mar 27, 2010 9:03pm Mar 27, 2010 9:03pm
Quoting frankkn
hey guys i'm trying to learn to recognize harmonic patterns

could this be a bearish gartley on the uj daily chart?

B retraced to about the 61 retrace of XA.

i clicked duplicated AB and dragged it to C, and this meets perfectly with the BC projection of 161.

the 127 projection of BC lines up with the 78 retrace of XA

point C is right at the 61 retrace of AB
I like it, but I prefer when C point is either 88.6 or 38.2. Remember it is not a pattern until D point is met.

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  • #409
  • Mar 27, 2010 9:05pm Mar 27, 2010 9:05pm
Quoting shahab8b
#773
I'll take this call as a short term trade not expecting a test to the bottom. I will take profit from my longs #387
  • #410
  • Mar 27, 2010 9:26pm Mar 27, 2010 9:26pm
Quoting shahab8b
good, I keep it simple, ab=cd , they are the same (you need abcd for gartley),
first 97 then 93
Or even simpler, just a parallel channel will do the trick, like in the last E/U drop, I worked to the pip.

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  • #411
  • Mar 28, 2010 11:52am Mar 28, 2010 11:52am
.......Of course, I'm holding a long position.

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  • #412
  • Mar 28, 2010 4:20pm Mar 28, 2010 4:20pm
Clean trade + 170 #387

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  • #413
  • Mar 28, 2010 7:12pm Mar 28, 2010 7:12pm
E/U Long based on fibs and parallel channel.

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  • #414
  • Mar 29, 2010 2:06pm Mar 29, 2010 2:06pm
is this the correct way to look at AB=CD

http://www.forexfactory.com/showpost...postcount=5966
  • #415
  • Mar 29, 2010 9:42pm Mar 29, 2010 9:42pm
Quoting frankkn
is this the correct way to look at AB=CD

http://www.forexfactory.com/showpost...postcount=5966
Frankkn, You are spotting a future pattern and that is ok but don't trade it until it is completed. Use only D point as entry. In other words it is not an AB=CD pattern until price meets D point. Hope it is clear.

Coke.
  • #416
  • Mar 30, 2010 1:08am Mar 30, 2010 1:08am
You are looking good right now.

Quoting TheLastCoke
E/U Long based on fibs and parallel channel.

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  • #417
  • Mar 30, 2010 1:10am Mar 30, 2010 1:10am
Quoting Leche Mocha
You are looking good right now.
Hope it looks better !!!
  • #418
  • Edited 2:06am Mar 30, 2010 1:47am | Edited 2:06am
This may hold those bulls for awhile.

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  • #419
  • Mar 30, 2010 9:40am Mar 30, 2010 9:40am
Current possible bullish entries.

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  • #420
  • Mar 30, 2010 10:53am Mar 30, 2010 10:53am
Quoting TheLastCoke
Break of 125.20 can take us to upper TL
H&S looking good if TL holds.

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