trading forex using Gartley Patterns

Hello traders. Here is the link to my youtube daily trade setups using Gartley. I would love to have Gartley traders opinions on these setups. Thank you for your time and responce and I wish you lots of pips www.youtube.com/user/queenfx

does it come with English subtitles?

Hi, yes, I do videos in English and Russian. Right now my todays trade plan for pound/yen is 130= pips in profit gartley is a very good strategy.

here is my trade this Friday

and here is the best YTD Gartley pattern I traded

green line on the bottom was my original profit target

Hi Queenfx

Gartley patterns seem to have a lot of potential. I am surprised there isn't more information of forexfactory about them.

I like the numerous confluences that can tie up in with these patterns and the measured approach. I am looking to focus some attention of these patterns.

Here is a tool for MT4 if anyone wants it (thanks errich fx)
http://www.forexfactory.com/attachme...4&d=1257374155

following with interest

Badge

Thank you very much for the tool. What's the correct way to install it?
As for gartley I trade them a lot and have more than 100+ patterns I personally traded last several months, I noticed they best work on 2H, 4H, 8H and daily charts. On weekly charts you need really wide stop loss but you can bring it down entering trade on 8H charts. Pound and pound/yen are forming bearish Gartley every 2nd or 3rd trading day and I think it is because we are currently in a bearish trend, but I started noticing lately formation of bullish Gartley on 2 and 4 hour charts for yens and euro and pound, want to wait and see if we are close to trend change.

here is usd/yen bearish Gartley I traded

here is the chart, it was done on 04/29/2010 with the profit target of 89.74 and couple weeks later we reached it.

I am interested in 4hr and 1hr time frames.
You clearly have more experience with these setups so i look forward to learning from you and contributing where i can

copy and paste into metatrader/experts/indicators. re-open metatrader and go to insert,indicators, custom and then select the indicator by name..seem to work for 4hrs and faster

The indicator has just recently fired a gartley 4hr for usd/JPY. AUD/NZD for example is a bat
EUR/CAD also has a 4hr Gartley

Yes there has been a lot of markets action last few weeks so could be a trend change as you say. I trust this system is a trend following system or can you trade counter trend also?

It will be good to see the weekly trade play out

Badge

Look like a bearish Gartley forming on aud/usd 8hour chart, remember if 1 hour candle closes and opens higher than 0.8557, than do not enter the trade and if you have big green candles with nice bodies around that area do not enter the trade.

here is a follow up the profit target is reached

nice trade

Here is a Bat that bounced right on the 88.6fib level to the pip.

could you explain a little more about entry criteria and profit targets?

Here is the EURCAD 4hr that triggered today.
This could have been entered on the break of the 5sma
It has now formed a 1hr base could possibly buy above for the base for another entry opportunity

Badge

I'm going to see if i can ride this Bat all the way back up to 1.3127 and below resistance at 1.3127
hope you don't mind me posting. What would be the correct price target for this?


Badge

I totally see it, but we are in a very strong monthly downtrend, and we are still inside of the triangle, if I want to long it I'll be looking for a good retrace to enter it around 1.28 because it is possible for us to run back to the support line, wick it and then go up, trend do not change on 1 or 4 h candles. If I see a conformation to the upside I will enter the trade , my profit target will be around 1.30 I think we'll have sellers around there

Hi Badge
Can you be so kind and post the indicator/s you use for your harmonic patterns .
I mean , how the ratios are written (eg, 0.618 ,0.786) within the Bat .
Also , I would like to ask about your fibo retracement tool .
Do you have on MT4 different tools for each pattern (Gartley , Bat , Crab , etc) or in all cases will be displayed the same levels (Bat).
Tks for sharing
David

Thanks for the feeback. So we always trade with the trend! as with all good systems. Especially in strong trends (doh!).
will be interesting to see how it plays out.

Hi David

This could be an interesting thread as there is surprising little info on this subject of forexfactory

http://www.forexfactory.com/attachment.php?attachmentid=354674&d=1257374155
Above is where I found the indicator to download.
It will automatically draw a BAT, Gartley and Crab as they occur and associated fibs.
The indicator will move and adjust with price although seems to have a trigger price level line in red
The white dotted fibs come with it. The yellow one is just the standard fibs indicator in MT4.
I am just starting to understand it myself so interested to see what you make of it.
I think it is a question of waiting for the pattern to line up with you anticipated level and hone in on an entry.
I’m a noob when I comes to Gartleys. so interested to learn from Queenfx the systems and nuances need to trade these.

Badge

Hi guys, thank you very much for all the posts I hope we'll draw enough attention for others to trade harmonic patterns, they are awesome. As for my trading most of the time I draw pattern myself depending on the price action and I use GFT gartley tool for that. I noticed that MT4 indicators often give wrong entry point into the trade, when the pattern hasn't finished forming and then it ajusts with time and candles. It's too much risk especially short time Gartley 15 min, 30 min and 1hour. Most of the time I try to enter 2hour, 4hour and 8hour Gartley formation, then you can definitely see forming resistance at the point D, several candles will be dancing around it withing 30-50 pip range and then you pinpoint your entry on 15min and 5 min chart
http://www.screencast.com/users/yana...1-30faa54adb70
here is some of my patterns

here is ZUP_V62.mq4 for the Gartley bats, crabs and so on for MT4