trading forex using Gartley Patterns | Page 24 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Question on butterfly and gartley patterns 0 replies

Someone pls comment on my gartley patterns 0 replies

Gartley Trading 1 reply

Find the Gartley 47 replies

Gartley on the brain 1 reply

Attachments: trading forex using Gartley Patterns
Exit Attachments

trading forex using Gartley Patterns

  • #461
  • Sep 17, 2010 12:26am Sep 17, 2010 12:26am
Hi China,
look at this one I know yens are weak right now but this may bring hundred pips if the entry is right Gartley is a 4 hour chart and another one is daily chart. Sorry I have lots of fibs Let me know your opinion. Thanks.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 9-17-2010 8-22-41 AMeuroyen1.png Size: 43 KB
Click to Enlarge Name: 9-17-2010 8-22-19 AMeuroyen2.png Size: 58 KB
  • #462
  • Edited 1:33am Sep 17, 2010 12:40am | Edited 1:33am
i'm thinking the same as you....only thing that worries me is that if I was the BOJ, i'd go and sell jpy crosses at 2pm nyk Friday just to really take advantage of the lack of liquidity
i've got abcd at 112.90 and selling there....
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy bat.gif Size: 29 KB
Catching a falling knife, no, I'm just trading the Gartley!
  • #463
  • Sep 17, 2010 1:50am Sep 17, 2010 1:50am
it has done a lot of work at the fib convergence, and above, for both the bigger frame ABCD, and the b-fly abcd, but we now have a posible double top in position and retest of the fibs, and a possible neckline break and test on lower time frames... I'm done for today, and on holidays for a week... so may the pip gods smile on thee generously tonight and next week..
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd abcd butterfly.gif Size: 28 KB
Catching a falling knife, no, I'm just trading the Gartley!
  • #464
  • Sep 22, 2010 3:05am Sep 22, 2010 3:05am
Quoting ChinaWombat
it has done a lot of work at the fib convergence, and above, for both the bigger frame ABCD, and the b-fly abcd, but we now have a posible double top in position and retest of the fibs, and a possible neckline break and test on lower time frames... I'm done for today, and on holidays for a week... so may the pip gods smile on thee generously tonight and next week..

You're not supposed to be a trader, China... you're meant to be a tour operator, instead

Everyone's taking a week free, I see ...and me too

Greetings from Florence, Italy
Aut tace aut loquere meliora silentio
  • #465
  • Sep 23, 2010 3:33pm Sep 23, 2010 3:33pm
Bullish bfly on GBPAUD daily TF
1hr bullish BAT will be good for entry
  • #466
  • Sep 23, 2010 5:12pm Sep 23, 2010 5:12pm
Quoting mofo
Hi M.A.C Doug.
I really like the idea of trying to identify C points and trading the CD leg, and have been working on this strategy myself but can't find much info out there. If you had any pointers that would be great.
There is often 2 and sometimes 3 or more legs after an initial breakout move. The set up was just called a leg 1, 2 where the second leg should equal the length of the first. I entered on fib retracements of the first move, ideally 38.2%. Now that harmonic trading has hit mainstream I note that everyone is using the ABCD pattern or leg 1 leg 2 as I knew it, to fade at D. It never occured to me to short at D. This technique is reliable so I have begun enquiring more about harmonics. At first I found it confusing but I finally realised it was closely related to what I was already doing with fibs and I have taken to it like a duck to water.
BTC Return This Year: na
  • #467
  • Sep 26, 2010 9:15pm Sep 26, 2010 9:15pm
couple of little patterns pointing to the same area on the uj

m5

http://my.jetscreenshot.com/4399/20100927-inq3-238kb

m1

http://my.jetscreenshot.com/4399/20100927-ttwf-209kb
Everyone is entitled to my opinion.
  • #468
  • Sep 26, 2010 10:52pm Sep 26, 2010 10:52pm
it's a little bit late but with the trend abcd on the larger time frame but which brings us to an early stage potential BAT, is we accept that XAB has already formed. For those who like trading C to D, it has to be done with the trend and this formation looks attractive in set-up. Thanks to greenius for the CD trading template.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd abcd 4h.gif Size: 32 KB
Click to Enlarge Name: gbpusd 1h bat.gif Size: 29 KB
Click to Enlarge Name: Trading C uptrnd.png Size: 60 KB
Attached Image
Catching a falling knife, no, I'm just trading the Gartley!
  • #469
  • Sep 26, 2010 11:02pm Sep 26, 2010 11:02pm
some points of convergance on usdchf.... a bit premature to tell if the down trend has finished but should be in for some nice range trading opportunities

the 4h has a completed crab at 1.618XA, plus a small overshoot on the 4H ABCD. The ABCD labeled daily can be seen on the weekly chart clearer. We have dipped below it so will need to see some sort of bullish consolidation to see if it is justified for a long position. We have 2 potential ABCD's on the weekly chart so need to be aware that a test lower isn't a bad thing..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uschf 4 hour.gif Size: 30 KB
Click to Enlarge Name: uschf weekly abcd.gif Size: 27 KB
Catching a falling knife, no, I'm just trading the Gartley!
  • #470
  • Sep 27, 2010 10:27pm Sep 27, 2010 10:27pm
just doodling around with the longer term potential structure of eurusd.

We have ABC established (and yes, C could re-invent itself at lower levels over time but lets work with waht we have got for the moment), so it's a judgement call on where do you think X begins as there are a number of valid points to consider, ie BAT1, BAT2, or the current w.i.p Butterfly.

An ideal BAT usually posseses a 1.27ABCD which also matches previous S/R levels. There is also the w.i.p butterfly 1.27XA around this area, the 2.618 just factionally below the BAT2 X starting point. Daily downtrend resistance line also comes to in to provide resistance here.

The prefered 2.0BC falls well short and matches the ABCD which also matches .786 of BAT2 XA. There are also a number of other S/R points here as well. so 1.4040~1.4100 looks a pretty interesting point of convergence. Failure here and then we can consider 1.4450 as a target

B also has a potential crab pattern developing with D expected around 1.3790ish which is just below the X of the butterfly
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd long term.gif Size: 27 KB
Catching a falling knife, no, I'm just trading the Gartley!
  • #471
  • Sep 28, 2010 4:11am Sep 28, 2010 4:11am
nice tight convergance of fibs, plus prior S/R...
against the major trend though
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy 1h bull bfly.gif Size: 24 KB
Catching a falling knife, no, I'm just trading the Gartley!
  • #472
  • Sep 28, 2010 4:28am Sep 28, 2010 4:28am
D wave comes into daily downtrend line with some fib convergance, plus prior resistance
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad bearbat.gif Size: 35 KB
Catching a falling knife, no, I'm just trading the Gartley!
  • #473
  • Sep 28, 2010 5:00am Sep 28, 2010 5:00am
bearish bat in trend
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad bearbat.gif Size: 21 KB
Catching a falling knife, no, I'm just trading the Gartley!
  • #474
  • Sep 28, 2010 5:31am Sep 28, 2010 5:31am
gartley is overrated. people then trade butterflys. When in fact a butterfly is just a failed gartley pattern, people treat it as if it's something totally different. it's not.

If gartley is as accurate as 75% as it is claimed, on it's own, then why do we get so many butterfly patterns?

Just a gimmick of a harmonic.
  • #475
  • Sep 28, 2010 9:02am Sep 28, 2010 9:02am
after a few frustrating trades in this puppy, TP1's getting done then having the BE s/l executed, once again there is a short opportunity in eurjpy. The 30 mins has just formed an ABCD, so we have an opportunity to trade the ABCD for the short term, or if it gets legs then to adopt it into a longer term trade, especially as with the trend.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy bat.gif Size: 35 KB
Catching a falling knife, no, I'm just trading the Gartley!
  • #476
  • Sep 29, 2010 4:41am Sep 29, 2010 4:41am
Could be something going on here on the eg daily. If you look on the weekly this area of old support may provide resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: eg.jpg Size: 92 KB
Everyone is entitled to my opinion.
  • #477
  • Sep 29, 2010 4:44am Sep 29, 2010 4:44am
Quoting mofo
Could be something going on here on the eg daily. If you look on the weekly this area of old support may provide resistance.
sorry, messed up the attachment, here is a closer look at the pattern on the daily
Attached Image (click to enlarge)
Click to Enlarge Name: eg.jpg Size: 97 KB
Everyone is entitled to my opinion.
  • #478
  • Sep 29, 2010 9:12am Sep 29, 2010 9:12am
hey mofo,

it looks good, nice fib convergance, and prior S/R a little higher, and with the trend..
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp gartley.gif Size: 34 KB
Catching a falling knife, no, I'm just trading the Gartley!
  • #479
  • Sep 29, 2010 9:15am Sep 29, 2010 9:15am
Quoting fxvoilaaa
gartley is overrated. people then trade butterflys. When in fact a butterfly is just a failed gartley pattern, people treat it as if it's something totally different. it's not.

If gartley is as accurate as 75% as it is claimed, on it's own, then why do we get so many butterfly patterns?

Just a gimmick of a harmonic.

bored of trolling the other forums...? your wrong, it's as simple as ABCD
Catching a falling knife, no, I'm just trading the Gartley!
  • #480
  • Sep 29, 2010 4:48pm Sep 29, 2010 4:48pm
Quoting ChinaWombat
D wave comes into daily downtrend line with some fib convergance, plus prior resistance
Thankyou ChinaWombat, I made some pips on this one.
Everyone is entitled to my opinion.
1 trader viewing now