trading forex using Gartley Patterns

gbpcad m30 berish gartley

http://my.jetscreenshot.com/4399/201...kadc-151kb.jpg

There is also a possible abcd forming on the m1/5 with D in the same place as the gartley. Together they look like this.

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

well, the gbpcad abcd has been invalidated, but the gartley still stands for now.

i wonder if this eu m5 abcd will be any good. keep in mind there is the big daily measured move above (D 1.4040-80), so just watching this on for interests sake.

http://my.jetscreenshot.com/4399/201...pii2-199kb.jpg

queennnnnnnnn
any update ?

30 min eurjpy with a bearish 5-0, and with a little bit of imagination we can find a smaller abcd within D, which may have completed, or could have a test in london time..

while longer term harmonic targets for audusd can be 1.04~1.21 if looking at daily and weeklys, let's have a look in the short term, we may have just come to pause in the rally.

Our butterfly comes into play against the trend. Why? Well since the rally from .8800 we have now had our only real test of previous pivots points (those of late september). Even though we have bounced from those, there is a completed butterfly on the hourlys.

You have to break down to a 15 minutes to see the structure of the BAT. If you stopped at the 30 mins then the only structure we can see is for another butterfly as B comes in at .786 which argues for another test higher.

On the 15 mins, and it's a little bit messy with the gap open this morning, we can count 1.27ABCD, and 2.0BC around .886XA.

So if the 15 min count is correct then we may see some weakness in the early part of the week. If the 30 min count is the correct one then ABCD comes in at .9990ish and 1.27ABCD 1.0040

if the 15min count is correct and/or the bearish butterfly, then it sets up some nice targets to watch for in preperation for a bullish bat which is more comfortable to trade as it's with the current trend

can play with on smaller and longer term frames, with the trend

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I am tossing up between these two scenario's, that are with the trend.

Firstly a gartley formation finishing at around .886XA, with AB=CD.
I'm a little concerned that AB has some long candles in it, but that's
at least better than having long candles in CD! Will it extend or not?
Some trendline support coming in as well.
http://1.bp.blogspot.com/_dswi7ZSR8G...ad+gartley.gif

Secondly, I have a BAT formation which has a nice fib cluster
of 1.27ABCD @ .886XA, and also prior supports around .886XA.
It just looks ugly!http://1.bp.blogspot.com/_dswi7ZSR8G...eurcad+bat.gif

in direction of trend

nice one with the trend

http://2.bp.blogspot.com/_dswi7ZSR8G...py+4h+abcd.gif
http://1.bp.blogspot.com/_dswi7ZSR8G...y+15m+abcd.gif
15 min and 4 hour abcd & ABCD coming in approx same level...

looks good china. Tex

I'm a little late to the party on this one but i place a limit order at the 61.8 Not too bad of an impulse move and hopefully she will go down to support around the 38.2. or nearest support.

[It just looks ugly!]


well from an ugly duckling (or the bat baby equivalent) we have the makings of a very pretty BAT....and TP1 done... entered on the bullish reversal candle once it had tested the levels..

with the trend abcd

nice fib cluster though no discernible trend

audusd daily ABCD forming, and 1.618 ext.... http://1.bp.blogspot.com/_dswi7ZSR8G...udusd+abcd.gif

gu h1 bat testing wick at R2

http://my.jetscreenshot.com/4399/201...agv5-225kb.jpg

on AU, still waiting for this last fib for me

and of course this monster abcd. sneeky short might be in order here.

http://my.jetscreenshot.com/4399/201...4hko-213kb.jpg