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trading forex using Gartley Patterns

  • #121
  • Jun 21, 2010 9:30am Jun 21, 2010 9:30am
ive been reading the replies from the start up and i think its time to share some of my experience in trading using this wonderful technique...

first off is the indicators im using
search patten_V6 , zup_82 or 86 , WRR_ZUP_INFOv02 and MA


so far im in the stage were im still learning the move of the market through this patterns, and i made a lot of wins using this technique compare to my old method of trading , but still because im still in the learning stage i also got some losing trades..... i hope i can learn from you guys who already mastered this technique..

here is my trade today
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  • #122
  • Jun 21, 2010 10:01am Jun 21, 2010 10:01am
short AJ as well.... i think that's enough open positions for the day... GU now at be+1 so allows for a new open position
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Catching a falling knife, no, I'm just trading the Gartley!
  • #123
  • Jun 21, 2010 10:32am Jun 21, 2010 10:32am
Quoting ChinaWombat
short AJ as well.... i think that's enough open positions for the day... GU now at be+1 so allows for a new open position
Hi ChinaWombat,

well done for the GU shorting, I miss it! What do you mean by BE+1? it sounds very familiar when I was trading Woodie CCI method few years ago!

China PBOC announced that they'd let the Yuan move more freely against the dollar. A stronger Yuan translates to higher purchasing power for Chinese firms. This means that they'd be able to purchase more goods and raw materials from commodity-rich nations - definitely good news for its major trade partners such as Roonie, Aussie and Kiwi!

Thus any shorting of AUS pairs or longing of CAD pairs must be very careful as you are very likely going against the major trend!

Regards,
Toyogo
  • #124
  • Edited 11:39am Jun 21, 2010 11:21am | Edited 11:39am
Quoting toyogo00
Hi ChinaWombat,

well done for the GU shorting, I miss it!...

be+1 just means that tp1 has been down and can bring the s/l down to breakeven for a so called 'free trade' on the remaining 2/3 that are open. So at a minimum i'm going to be up 1/3 of the position at +55 pips (1.4897-1.4822). If the FX gods deem tp2 to get done, then the s/l comes down again...this s/l is much more agressive as I don't have a great success rate at getting t/p3 done due to the extension past previous strong s/r at X (but it is nice when they do get done at the tp3!)

My friends in trading banks and funds have been sitting long rmb for the last 6-9 months waiting for this news, but even the most bullish of them reckons there is just 2-3% in it. I don't actually expect it to rally that much as everyone is pretty long rmb (even the local hong kong taxi drivers have been opening up rmb bank accounts expecting this news) but I do appreciate the heads up from you...http://cdn.forexfactory.com/images/icons/icon12.gif

all positions at BE+1 now, (except $Chf) so best get some sleep
Catching a falling knife, no, I'm just trading the Gartley!
  • #125
  • Jun 21, 2010 11:08pm Jun 21, 2010 11:08pm
not a bad nights work....
tp1,2&3 done on stg
tp 1&2 done on kiwi,
tp 1&2 done on ey,
tp 1 done ay,
and my friend the mighty $chf nada

all with no stochs, MACD, MA's, CCi, RSI's etc...
Catching a falling knife, no, I'm just trading the Gartley!
  • #126
  • Jun 22, 2010 3:56am Jun 22, 2010 3:56am
Quoting ChinaWombat
not a bad nights work....
tp1,2&3 done on stg
tp 1&2 done on kiwi,
tp 1&2 done on ey,
tp 1 done ay,
and my friend the mighty $chf nada

all with no stochs, MACD, MA's, CCi, RSI's etc...
Hi,

well done! There is no potential gartley pattern now on most of the pairs one 1hrly/4hrly/daily. It looks like today is a resting day for gartley traders!http://cdn.forexfactory.com/images/icons/icon7.gif

Regards,
Toyogo
  • #127
  • Jun 22, 2010 4:13am Jun 22, 2010 4:13am
Quoting toyogo00
Hi,

well done! There is no potential gartley pattern now on most of the pairs one 1hrly/4hrly/daily. It looks like today is a resting day for gartley traders!http://cdn.forexfactory.com/images/icons/icon7.gif

Regards,
Toyogo
thanks Toyogo, very happy to have a rest...way too many positions for the first day of the week...
Catching a falling knife, no, I'm just trading the Gartley!
  • #128
  • Jun 22, 2010 10:47am Jun 22, 2010 10:47am
gotta admit nice to greet a new week with soo many trading opportunities! great start! If anyone wants to join my Harmonic Trading Room on skype lookit it up... I've got a few people people, nice to have "company" during trading hours.

Quoting ChinaWombat
thanks Toyogo, very happy to have a rest...way too many positions for the first day of the week...
  • #129
  • Jun 22, 2010 11:27am Jun 22, 2010 11:27am
What do you guys think about this bearish gartley with divergence? Only problem is there are bullish gartleys in effect on weekly and monthly.

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  • #130
  • Jun 22, 2010 12:51pm Jun 22, 2010 12:51pm
Well if yer an intraday trader great trade, i think a bunch of us shorted gu since sunday night... I trade off the 4h charts and use divergence as well. so I've been in and out of that already.


Quoting Accumulation
What do you guys think about this bearish gartley with divergence? Only problem is there are bullish gartleys in effect on weekly and monthly.

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  • #131
  • Jun 22, 2010 1:02pm Jun 22, 2010 1:02pm
Thanks for reply REY, original plan was to hold to 1.45.
  • #132
  • Jun 22, 2010 1:35pm Jun 22, 2010 1:35pm
ther is bullish Gartley forming on pound/swissy daily chart
  • #133
  • Jun 22, 2010 1:38pm Jun 22, 2010 1:38pm
Quoting reynante
gotta admit nice to greet a new week with soo many trading opportunities! great start! If anyone wants to join my Harmonic Trading Room on skype lookit it up... I've got a few people people, nice to have "company" during trading hours.
Hi Reynante,
was trying to find you on skype under harmonic trading room and couldn't
  • #134
  • Jun 22, 2010 6:25pm Jun 22, 2010 6:25pm
Nice BAT coming at resistance
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  • #135
  • Jun 22, 2010 10:22pm Jun 22, 2010 10:22pm
send me your email and I will add you

Quoting queenfx
Hi Reynante,
was trying to find you on skype under harmonic trading room and couldn't
  • #136
  • Jun 22, 2010 10:24pm Jun 22, 2010 10:24pm
it would have to jump up pretty quick to that resistance point to make that a valid pattern, it might end up being a crab if it meanders diagonally upward.

Quoting Naijafx
Nice BAT coming at resistance
  • #137
  • Jun 22, 2010 11:09pm Jun 22, 2010 11:09pm
Quoting reynante
send me your email and I will add you
Hi reynante,

I also have problem finding your room. You didn't turn on the Private Message, so here my temp email: [email protected]

Regards,
Toyogo
  • #138
  • Jun 22, 2010 11:20pm Jun 22, 2010 11:20pm
lol your address can't be found...


Quoting toyogo00
Hi reynante,

I also have problem finding your room. You didn't turn on the Private Message, so here my temp email: [email protected]

Regards,
Toyogo
  • #139
  • Jun 23, 2010 12:21am Jun 23, 2010 12:21am
Quoting reynante
lol your address can't be found...
Hi reynante,

sorry, there is .sg - [email protected]

Regards,
Toyogo
  • #140
  • Edited 1:05am Jun 23, 2010 12:26am | Edited 1:05am
Hi,

There is a 1hrly AUSUSD bullish gartley, enter long @0.8700; SL @0.8660; P1 @0.8760; P2 @0.8800. Beware that the previous 4hrly bearish gartley may still on the way... trade this long with care!


Regards,
Toyogo
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