trading forex using Gartley Patterns

http://1.bp.blogspot.com/-L9O4ixchpl...ey%2Bdaily.gif
not the best confluence, daily trendline resistance being tested as well

http://3.bp.blogspot.com/-ryBGnnnsow...y%2B4habcd.gif
3 attempts at the top

http://harmonicstube.blogspot.com/20...t-bearish.html

How to trade this pattern? (i'm new to harmonic patterns, hence the question)

I was thinking:

entry 13713
stop 13759
target 13617

r/r ratio looks decent. What do you think?

http://1.bp.blogspot.com/-ls46VKvW4L...rtley%2B4h.gif
price slightly exceeded the AB=CD. The initial bullish volume that pushed price above B and made us hold off on the trade is now waning (though it is Friday afternoon vols) so better R:R now. Daily double top possible with declining trendline from Nov. Rising trendline now providing resistance.


http://3.bp.blogspot.com/-4GRIHV-fq-...2B4h%25232.gif

depends on your trading style...some people aim for B point, others aim for A and 1.27/1.618 XA or portion their trades at various levels....or look for prior S/R to capture some profit..or .618 of CD

A BAT is basically playing a double top so you need to understand what you would epxect from a double top formation

thank you for the feedback ChinaWombat

i am working this as a H&S even though the right neckline looks like it belongs to Quasimodo...

if it does work and can stay above support then it may set-up a bearish gartley.... yes, i know this is looking a little too far forward but will be curious to see what the progress is (if any)

volumes indicate lack of intent to the downside currently

http://1.bp.blogspot.com/-FgTtQpuocJ...Bpotential.gif
maybe a week or so premature but worth to keep in mind, daily decline resistance comes in just before XA.886 and 1.27abcd

http://4.bp.blogspot.com/-b-7QOfywr6...dusd%2Bbat.gif
fibs converge at declining resistance

actually got there quicker than i expected, managed to get half my entry order done, was selling 1 part at ABCD and 1 part at .886...hope it can get back to the B point to square up

http://3.bp.blogspot.com/-Zy2z_UHhl1...%2Bgartley.gif
not sure if it's a gartley or a bat, or nothing, but this just shows the fib convergence of ABCD=.886. Inside there is a potential b-fly pattern @1.27XA. Nice R:R at these levels

http://1.bp.blogspot.com/-cRgLGeh78j...%2Bgartley.gif
not sure what to make of this...b=.786?

definitely we have an abcd with prior resistance + descending trendline....a gartley?

hard to make a butterfly case which is typically what you would expect with b @.786... the fib confluence at 1.27abcd and 1.27xa is minimal

Trying this eu m15 bat, entry at 56 w 68 stop, targeting 1.3667 (slightly before D of potential H1 abcd)

this is a bit tricky... we didn't get to abcd on previous dip so maybe one more to come and with abcd in-between .786/.886 looking for previous S/R to help out on the confluence...and rising trend line...

if it fails then where i call d is actually going to be b of a butterfly pattern that will have nice abcd=1.27xa the more i think about it i'd say the probabilities will be for a b-fly pattern appearing....still support is support until it's broken so at least fingers crossed we can get to tp1 and be+1

vols supportive as well at this stage

http://4.bp.blogspot.com/-mC_RfLLelg...artley-bat.gif
perefct fib confluence ab=cd @ .786 though b is .5 so should expect .886/1.27abcd
volume not suggesting strength at this stage

let's see if prior support area around B can hold again..

let's see...

Morning

The indicators for MT4 on this thread, Im not sure which ones work the best, the ones in the zip file v67 seem to use a lot of my PC's resorces, so I switched to v82 indicator on its own, but all the alerts seem to be in Russian....I think ?

Can anyone give me some pointers please as to the best combination ? and is it possible to have a version that alerts in English?

Many Thanks


ab1

wow.... Im gussing this thread is all but finished ? not a lot of action on here.