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trading forex using Gartley Patterns

  • #481
  • Sep 29, 2010 7:46pm Sep 29, 2010 7:46pm
will keep an eye on this...not super keen
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 148 KB
Everyone is entitled to my opinion.
  • #482
  • Edited 9:27pm Sep 29, 2010 9:16pm | Edited 9:27pm
Hey Mofo,

I can understand why....though I think it goes lower in short term, just to where it could end up is quite a fascinating exercise....

so while we should be prepared for a BAT

at .5XA we have AB=CD, and C leg has it's own 1.27ABCD

at .618XA we have 1.27ABCD, and C legs own 1.618ABCD

at .786XA we have 1.618ABCD and rising support line

at .886XA we have only have 2.0BC which isn't that convergent

the other BC calc's are all in between the significant XA ratio's.

at this stage i'd expect 1.5650ish to be the short odd's favourite as D target especially with past support levels near there though I would expect all the XA convergent ratio points to provide nice scalping opportunities over the coming week
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 1h.gif Size: 34 KB
Catching a falling knife, no, I'm just trading the Gartley!
  • #483
  • Sep 30, 2010 1:42am Sep 30, 2010 1:42am
my record on usdjpy isn't that flash but hopefully this can resurrect some of those jpy pips...
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Click to Enlarge Name: usdjpy bat.gif Size: 34 KB
Catching a falling knife, no, I'm just trading the Gartley!
  • #484
  • Sep 30, 2010 1:57am Sep 30, 2010 1:57am
Quoting ChinaWombat
my record on usdjpy isn't that flash but hopefully this can resurrect some of those jpy pips...
yup, my relationship with usdjpy hasn't changed...down 20 pips almost immediately
Catching a falling knife, no, I'm just trading the Gartley!
  • #485
  • Sep 30, 2010 2:56am Sep 30, 2010 2:56am
Quoting ChinaWombat
yup, my relationship with usdjpy hasn't changed...down 20 pips almost immediately
thanks for this, i am still long from before the intervention. +270 pips is now +24. this is my last glimmer of hope lol.
Everyone is entitled to my opinion.
  • #486
  • Sep 30, 2010 3:20am Sep 30, 2010 3:20am
Quoting mofo
thanks for this, i am still long from before the intervention. +270 pips is now +24. this is my last glimmer of hope lol.
i've got an ABCD finishing at 82.93 so will play that as well..... can make money on gbpjpy, eurjpy., audjpy,cadjpy,chfjpy but always biting the pillow on the $jpy...
Catching a falling knife, no, I'm just trading the Gartley!
  • #487
  • Sep 30, 2010 11:14am Sep 30, 2010 11:14am
Is that the short-term top for the aussie? With all the talking heads calling for parity, 2 forecasted rate rises before the end of the year, how much more bullish news can we have....
Attached Image (click to enlarge)
Click to Enlarge Name: audusd abcd.gif Size: 28 KB
Catching a falling knife, no, I'm just trading the Gartley!
  • #488
  • Sep 30, 2010 10:12pm Sep 30, 2010 10:12pm
abcd missed by 8 pips...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd gartley.gif Size: 36 KB
Catching a falling knife, no, I'm just trading the Gartley!
  • #489
  • Sep 30, 2010 10:19pm Sep 30, 2010 10:19pm
Quoting ChinaWombat
abcd missed by 8 pips...
Tagged the .886 of the X-A leg so an excellent low risk entry was possible, well done, pity you didnt warn us a little earlier though
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  • #490
  • Oct 1, 2010 12:18am Oct 1, 2010 12:18am
Quoting M.A.C.Doug
Tagged the .886 of the X-A leg so an excellent low risk entry was possible, well done, pity you didnt warn us a little earlier though
I didn't know I was your signal service...

I had almost given up on this trade as gbpcad & gbpjpy have been more interesting to play with
Catching a falling knife, no, I'm just trading the Gartley!
  • #491
  • Edited 1:02am Oct 1, 2010 12:37am | Edited 1:02am
How good are abcds!!!

China I was watching that MASSIVE aussie patten the previous session and got stopped out on it b/e.

But last night i got a nice entry with an m15 butterfly in a fast market after the news. Used an m5 abcd to add to it later, which I covered for 70 pips just off the lows due to an eu m5 bat I noticed.

Today used an abcd to enter at both levels for small gains. The trend is still in tact, so I have to respect it. Leaving my first short on in case of trend change, but probilites don't favour that happening.

http://my.jetscreenshot.com/4399/201...bdmo-145kb.jpg

I got stopped out on my gu which was a shame, but I made some on the short eg and was lucky to escape before the rally. I may consider re-entry into the daily gartley if i see something on the smaller timeframes, but it seems pretty strong, so i will take care particularly on a friday.

Btw, how about that gbpcad bat, i was thinking of re-entering but didn't want to push my luck as i had a winner on it the previous night and cad news was due...shame as it tanked 250 pips in a hurry.

Here is the eum5 bat i used to tell me to cover my au short last night...perfect.

http://my.jetscreenshot.com/4399/201...ucoe-234kb.jpg

I'm still not doing very well lately because uj has been killing me, but i think i am imrpoving. Encouraging action from the dollar last night to good data with yields rising and gold falling. Dollar rallied for a bit there with equities which is what i want to see. Interesting times.

Here are some other nice abcd's from my gallery. Unfortunately i did not take either lol. Love my abcd's, they are so under-rated

http://my.jetscreenshot.com/4399/201...paa8-206kb.jpg

http://my.jetscreenshot.com/4399/201...jdko-211kb.jpg
Everyone is entitled to my opinion.
  • #492
  • Oct 1, 2010 1:05am Oct 1, 2010 1:05am
Quoting mofo
How good are abcds!!!

China I was watching that MASSIVE aussie patten the previous session and got stopped out on it b/e.


Btw, how about that gbpcad bat, i was thinking of re-entering but didn't want to push my luck as i had a winner on it the previous night and cad news was due...shame as it tanked 250 pips in a hurry.

Here is the eum5 bat i used to tell me to cover my au short last night...perfect.

Here are some other nice abcd's from my galery. Unfortunately i did not take either lol. Love my abcd's, they are so under-rated
Hey Mofo,

Yes, I'm appreciating the significance of the ABCD's more and more. Kor's indi has been giving some nice signals on them...and a beautiful one on aussie this morning, with the trend allows an entry at .9690 with tiny s/l

I'm using them to massage positions through out the trade especially the longer term ones and they do help improve the entry average cost on both winning and losing trades...

On the gbpcad (or everything for that matter) you should always respect prior harmonic support/resistances until broken and yes, sometimes it is hard to do, but it becomes a simple S/R trade until stopped out, or BE and TP.

I've spilt some blood on the aussie lately so nice to be able to wash it of today..

Anyway a harbour cruise and fireworks await for China national day

good trading

CW
Catching a falling knife, no, I'm just trading the Gartley!
  • #493
  • Oct 1, 2010 1:28am Oct 1, 2010 1:28am
Quoting ChinaWombat
Hey Mofo,

Yes, I'm appreciating the significance of the ABCD's more and more. Kor's indi has been giving some nice signals on them...and a beautiful one on aussie this morning, with the trend allows an entry at .9690 with tiny s/l

I'm using them to massage positions through out the trade especially the longer term ones and they do help improve the entry average cost on both winning and losing trades...

On the gbpcad (or everything for that matter) you should always respect prior harmonic support/resistances until broken and yes, sometimes...
nice, i used that aussie today too, entered at 90 and 00 (on the first link). i really should look into getting that kor thing.

enjoy the cruise.
Everyone is entitled to my opinion.
  • #494
  • Oct 1, 2010 6:36pm Oct 1, 2010 6:36pm
Here you will find all i know about trading Gartley pattern (only first parts are available for now, but i will be adding regularly)

http://tradegartleypattern.blogspot.com/

Your comments and ideas are very welcome.
kor4x
  • #495
  • Oct 2, 2010 1:10am Oct 2, 2010 1:10am
Quoting kor4x
Here you will find all i know about trading Gartley pattern (only first parts are available for now, but i will be adding regularly)

http://tradegartleypattern.blogspot.com/

Your comments and ideas are very welcome.
kor4x
great!
i am looking forward to the next parts!
thanks
meine augen sind die sterne
  • #496
  • Oct 4, 2010 7:03pm Oct 4, 2010 7:03pm
watching around 1.41 on the ea as two abcd's appear to be terminating in that area.

http://my.jetscreenshot.com/4399/201...yhlk-147kb.jpg
Everyone is entitled to my opinion.
  • #497
  • Oct 4, 2010 9:37pm Oct 4, 2010 9:37pm
possible long uj m5 abcd here

http://my.jetscreenshot.com/4399/201...udkg-200kb.jpg

and this eu m1 gave a good entry

http://my.jetscreenshot.com/4399/201...mq5a-201kb.jpg
Everyone is entitled to my opinion.
  • #498
  • Oct 4, 2010 9:51pm Oct 4, 2010 9:51pm
Quoting mofo
watching around 1.41 on the ea as two abcd's appear to be terminating in that area.

http://my.jetscreenshot.com/4399/201...yhlk-147kb.jpg
this one getting risky with rba announcement due. subsequent price action has also muddied the pattern. maybe best to watch from the sidelines.
Everyone is entitled to my opinion.
  • #499
  • Oct 4, 2010 10:00pm Oct 4, 2010 10:00pm
m1 abcd magic

http://my.jetscreenshot.com/4399/201...svz1-202kb.jpg
Everyone is entitled to my opinion.
  • #500
  • Oct 6, 2010 9:26pm Oct 6, 2010 9:26pm
audnzd h1 bearish bat, what do you guys think? D lies at a daily pivot but is slightly through trendline resistance.

http://my.jetscreenshot.com/4399/201...mjlp-220kb.jpg
Everyone is entitled to my opinion.
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