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trading forex using Gartley Patterns

  • #941
  • Jul 25, 2011 1:11am Jul 25, 2011 1:11am
Quoting mofo
long aj 84.86, stop 84.72 limits 85.70 and 86.70

large range candle in the cd leg suggest we will probably go lower...ughh, can probably kiss those 14 pips goodbye, dumb trade.
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Everyone is entitled to my opinion.
  • #942
  • Jul 25, 2011 2:02am Jul 25, 2011 2:02am
Quoting mofo
large range candle in the cd leg suggest we will probably go lower...ughh, can probably kiss those 14 pips goodbye, dumb trade.

fail, -14. i am going to crawl back under my rock.
Everyone is entitled to my opinion.
  • #943
  • Jul 25, 2011 7:52am Jul 25, 2011 7:52am
looking at 1.3070 as possible m5 bat entry into h1 bat. bottom picking but the stop is small
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Everyone is entitled to my opinion.
  • #944
  • Jul 26, 2011 12:07am Jul 26, 2011 12:07am
long ucad at .9439 with .9420 stop, short eu 1.4479 w 1.4498 stop.
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Everyone is entitled to my opinion.
  • #945
  • Jul 26, 2011 12:24am Jul 26, 2011 12:24am
Quoting mofo
long ucad at .9439 with .9420 stop, short eu 1.4479 w 1.4498 stop.

closed early -6 in total, didn't like it
Everyone is entitled to my opinion.
  • #946
  • Jul 26, 2011 1:05am Jul 26, 2011 1:05am
Quoting mofo
closed early -6 in total, didn't like it

one more try short eu 1.4503 w 1.4510 stop. maybe this little m1 crab will complete h4 gartley and h1 butterfly
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Everyone is entitled to my opinion.
  • #947
  • Jul 26, 2011 1:13am Jul 26, 2011 1:13am
Quoting mofo
one more try short eu 1.4503 w 1.4510 stop. maybe this little m1 crab will complete h4 gartley and h1 butterfly

covered half +15 b/e stop on the balance...phew
Everyone is entitled to my opinion.
  • #948
  • Jul 26, 2011 2:03am Jul 26, 2011 2:03am
Quoting efeezeefx
Daily:

Bullish Butterfly....

Attachment

4hr:

For those of us that would like to join in and have missed initial rally. We have a possible, bullish 5-0 pattern emerging. We intend to buy between 5.0 or 61.8 fib level retracement which is also know as the "Golden Ratio"...cheers!

Attachment

EURCAD LONG 4HR:

We are long......

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  • #949
  • Jul 26, 2011 4:47pm Jul 26, 2011 4:47pm
4hr:

We are hoping to go short on this pair...we have a PO set already (sell stop), mind you we will remove it if not filled before news at 1am (Nigerian Time) and replace PO if the effect of the news is not really effective....just playing it VERY SAFE....lol...good luck guys!

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  • #950
  • Jul 27, 2011 2:40am Jul 27, 2011 2:40am
Not sure about this one. Long GBPAUD 1.4816 with stop 1.4759 and 1.4948 (0.382XA) lmt.

Took it due to the extended ATR and IQM. Obviously contertrend and I am still long gbpchf (partial profit taken so risk free). Maybe too much long GBP exposure.
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Everyone is entitled to my opinion.
  • #951
  • Jul 27, 2011 7:46am Jul 27, 2011 7:46am
Glad we stuck to the rules on this one....we have a general rule to remove POsif not filled 30mins before a major news release. That ruled kept us out of this trade. More better one will come...cheers!


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  • #952
  • Jul 30, 2011 12:22pm Jul 30, 2011 12:22pm
Hi brothers!

talking kiwi , i've made a big daily pattern and i think i'm right on it.. or at least very close, ... oh well whatever ; ))

drawn on the chart u see a bearish butterfly, but i think we firstly have to focus on the 5O pattern in it.

that's why i'm aiming for this 224exp (BC of the fly, drawn on the chart), and so i'll be looking at 50 - 61 retrace move of CD.. (BC of the 5O)
... gives me nice profit points.. and then maybe / probably continue to complete this butterfly ... coz there is more room to go up for the fly.

i 've drawn fibs on XA, tbh i never use it, theory saying for butterfly, D must be within 1.27 - 1.618. again nice profit points...

anyway, this is just my idea, ... only probability, use it or loose it, comments would be appriciated.

regards
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Old Habits Die Hard.
  • #953
  • Aug 1, 2011 12:44am Aug 1, 2011 12:44am
Quoting mofo
looking at 1.3070 as possible m5 bat entry into h1 bat. bottom picking but the stop is small

Whoa, completely wrong on this. Luckily managed to take some profit and excape with only 22 pip loss, but really should have been trading it from the short side.
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  • #954
  • Aug 1, 2011 12:46am Aug 1, 2011 12:46am
Quoting mofo
Not sure about this one. Long GBPAUD 1.4816 with stop 1.4759 and 1.4948 (0.382XA) lmt.

Took it due to the extended ATR and IQM. Obviously contertrend and I am still long gbpchf (partial profit taken so risk free). Maybe too much long GBP exposure.
I had a little forex miracle on this one, price missed my stop by 4 pipettes, so incredibly lucky to escape with 120 pip gain.
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Everyone is entitled to my opinion.
  • #955
  • Aug 1, 2011 1:15am Aug 1, 2011 1:15am
Short aj is my only candidate so far today. No position as yet, just watching and probably won't do anything until NY session.
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Everyone is entitled to my opinion.
  • #956
  • Aug 1, 2011 10:04am Aug 1, 2011 10:04am
long uchf .7761 basis H1 ABCD (left), looking for entry into weekly pattern.

been waiting a while for this one. stop at b/e now so no risk.
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  • #957
  • Aug 1, 2011 10:07am Aug 1, 2011 10:07am
Quoting mofo
Short aj is my only candidate so far today. No position as yet, just watching and probably won't do anything until NY session.

this worked very well, but i did not get a position on...ouch
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Everyone is entitled to my opinion.
  • #958
  • Aug 2, 2011 12:19am Aug 2, 2011 12:19am
MONTHLY BEARISH BAT: Here's a trade for the future.....

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  • #959
  • Aug 2, 2011 3:18am Aug 2, 2011 3:18am
Quoting mofo
long uchf .7761 basis H1 ABCD (left), looking for entry into weekly pattern.

been waiting a while for this one. stop at b/e now so no risk.

Decided to give the downtrend some respect and closed with approx 60 pip gain.
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Everyone is entitled to my opinion.
  • #960
  • Aug 2, 2011 3:20am Aug 2, 2011 3:20am
This is my trade for the day, short gbpaud. Kinda uneasy about it but lets see.
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Everyone is entitled to my opinion.
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