trading forex using Gartley Patterns

that's why you don't just enter on automated indicator hint

here is another nice trade from yesterday for pound/aud, never broke resistance and with 15 min confirmation I shorted it, already took all profit

Hi Badger1, I think euro/cad is trying to form bottom if long very tight stop and hope for the best

Hi Queen FX
It will be of great value if you can post possible trades before they got triggered and not after you have already closed the trade.
As you tarde on higher TF , after point C is in place , there is enough time till price arrives to point D .
I would like to learn from you all the process . If when price arrives to posible point D you switch to lower TF.
Your input regarding how you set your target will be very intersting .
When you say "Gartley" do mean Gartley with it's specific ratios
or as generic term for all Harmonic patterns .
I am asking that as some time when you say Gartley I am not able to see the classic ratios .
Tks for teaching us
David

Hi David4u, here is what was original pattern explanation by Gartley himselp from his book " Profiting in Stock Market" pages 221-225, I call all formation Gartley because they have XABCD points, further you can call them bats, crabs, butterflies, Gartleys and they can be bullish and bearish, but basically it is still the same formation with same 5 points that falls into Fibonacci ratios. And it's very difficult to spot classic pattern with perfect ratios, most of the time they will be different. It is also greatly depends on the forex pair you are trading, every pair has it's signature in the pattern and the longer you trade it the easier it'll be for you to spot the patterns withing different time frames.

open link in a new window and zoom it to read

euro/cad is trying to form support with possible bounce to the upside
1.2630 stop-loss hope to get to 1.30 with watching closely 1.2850 level
Thank you Badger1 for noticing this one))

Hi QueenFX. Yes i see you were right about EURCAD!

Watching this with interest for the second bounce as you describe. Really good to see that you use horizontal support and resistance in this too (and patterns for that matter).
I notice you use CCI 14 for additional confirmation.

I will try your MT4 tool and use this instead.

Thanks
Badge

bearish pouind/yen daily Gartley setup

How do you like Gartley now? Reached our profit target very nicely

Hi QueenFX

nice trade!
I think these trades have got a great place in the scheme of things.
really intersted to learn more on entry requirements for these trades.
i respect you may not want to spell out the exact system you use
Thanks

Badgde

Hi traders! Please let me know if you see the same

This is what i see.
http://i834.photobucket.com/albums/zz265/obingo77/a.png

Here is one on Cad/jpy for the fella who was asking fo a setup to be posted b4 price reaches point D,
http://i834.photobucket.com/albums/z...ngo77/CRAB.png

Thank you ZumbaFX

here is another one bearish 2H GBP/AUD 1.78-1.7830 Stop Loss Need to see how aussie will behave if it'll run to 0.80, than this is invalid trade setup

This set up was posted on May 27th, didn't expect this one to go this far of the Gartley, wish I was still in trade took profit at my profit target

I entered the trade at 1.7782, stop loss higher daily 1.7830, scaled at 1.7694, now SL at BE and waiting for a fib and the 2nd target at 1.7560

EURGBP 4hr and also 1day are both showing gartleys if i have correct
any thoughts on these ones?

How do you see it? i cannot spot a new pattern on euro/pound Since bearish daily a week ago.