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trading gartleys etc with price action 4 replies

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The Gartleys ...

  • #21
  • Dec 3, 2009 4:01pm Dec 3, 2009 4:01pm
it's just to share and study ! I have not the answers of all the gartleys .. We must study them together ...

the correlation help to confirm the gartleys !

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  • #22
  • Dec 3, 2009 9:52pm Dec 3, 2009 9:52pm
Nice thread hdmifx

I do have a question,

"could you show us where would the Price Target be when you

have nice formation of a Bat or Butterfly" ?

Thanks in Advance
  • #23
  • Dec 4, 2009 4:21am Dec 4, 2009 4:21am
Hi , this is a nice bat ...
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  • #24
  • Dec 4, 2009 4:24am Dec 4, 2009 4:24am
Quoting Satni
Nice thread hdmifx

I do have a question,

"could you show us where would the Price Target be when you

have nice formation of a Bat or Butterfly" ?

Thanks in Advance
When you take a trade , the first target is the middle of the gartleys
and you place the second in your own objectif...
  • #25
  • Dec 4, 2009 6:09am Dec 4, 2009 6:09am
same indicator as the zup it seems.


best regards
  • #26
  • Dec 4, 2009 5:36pm Dec 4, 2009 5:36pm
Quoting hdmifx
When you take a trade , the first target is the middle of the gartleys
and you place the second in your own objectif...
Thanks for the reply.

Ok looking at the chart below,with this nice blue shade come into this zup indicator, where do you think should my Price Objective be?

Thanks a Million
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  • #27
  • Dec 7, 2009 3:17am Dec 7, 2009 3:17am
Quoting Satni
Thanks for the reply.

Ok looking at the chart below,with this nice blue shade come into this zup indicator, where do you think should my Price Objective be?

Thanks a Million
hi ,satni look the targets ... ans when you are in 20 pips profit you must tu be @ break even !
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  • #28
  • Dec 7, 2009 7:04pm Dec 7, 2009 7:04pm
Quoting hdmifx
hi ,satni look the targets ... ans when you are in 20 pips profit you must tu be @ break even !
Alright..I got it, It just did hit the first target as shown by you!

Great answer hdmifx
  • #29
  • Edited 12:41am Apr 8, 2011 12:40am | Edited 12:41am
Quoting hdmifx
hello , i would like to share and study with you the gartley...

Hello dude,

After reading about gartley pattern a bit, i found that the entry point is always D.

But i didnt know when to exit the market. How to find out the reversal point so that we can close the account to grab in profit ?
  • #30
  • Jun 22, 2011 9:39am Jun 22, 2011 9:39am
Hi;
very Nice thread hdmifx keep it up

Regards
  • #31
  • Jul 12, 2011 1:28am Jul 12, 2011 1:28am
How close do the Fibonacci numbers have to be like if it's suppose to be 1.216 and it's 1.723 or something like that. Is there a rule of thumb for this?

Michael
  • #32
  • Aug 18, 2011 8:43pm Aug 18, 2011 8:43pm
on a 4hr tf slippage can be between 10 to 40 pips

>http://www.forexfactory.com/attachme...6&d=1313023464

and if you look at higher tf like daily, weekly, monthly expect a much larger slippage between 50 to 250 pips

>month chart
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  • #33
  • Aug 18, 2011 8:52pm Aug 18, 2011 8:52pm
Quoting forex3e
on a 4hr tf slippage can be between 10 to 40 pips

>http://www.forexfactory.com/attachme...6&d=1313023464

and if you look at higher tf like daily, weekly, monthly expect a much larger slippage between 50 to 250 pips

>month chart
It depends your pattern size, the biggest shape of gartley pattern, the more pips you can earn.
  • #34
  • Aug 18, 2011 9:49pm Aug 18, 2011 9:49pm
hmm..

anyway don't worry about that

current month candle measure 822 pips at the moment, this month is not over yet
  • #35
  • Aug 19, 2011 1:41am Aug 19, 2011 1:41am
Quoting forex3e
hmm..

anyway don't worry about that

current month candle measure 822 pips at the moment, this month is not over yet
http://img9.imageshack.us/img9/9610/patternud.jpg

do you think this is gartley pattern ?
the hightlighted red area is inside A and C, would it still gartley pattern ?
  • #36
  • Aug 19, 2011 8:44am Aug 19, 2011 8:44am
you may like this link
> http://www.forexfactory.com/showthread.php?t=238643

i use your chart .. you can draw them this way .. in PINK
>
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  • #37
  • Aug 19, 2011 8:51pm Aug 19, 2011 8:51pm
Quoting forex3e
you may like this link
> http://www.forexfactory.com/showthread.php?t=238643

i use your chart .. you can draw them this way .. in PINK
>
thank for your sharing.

sometime i found that if gartley bearish pattern D point 1.618 price still increasing and become crab bearish pattern D point 2.24/3.618, so the float mostly will around 200-250pip.

do you have face this problem before ?
  • #38
  • Aug 21, 2011 9:35pm Aug 21, 2011 9:35pm
Well.. it depends on the time frame.. butterfly and crab are my favorites

quote "The Crab is a Harmonic pattern discovered by Scott Carney in 2000. This pattern is one of the most precise of all the Harmonic patterns. The critical aspect of this pattern is the tight Potential Reversal Zone created by the 1.618 of the XA leg and an extreme (2.24, 2.618, 3.14, 3.618) projection of the BC leg. The pattern requires a very small stop loss and usually provides an almost exact reversal in the Potential Reversal Zone."

while we are given rules boundaries and limitations in reality when it comes to trading it can be a little different .. an example is my recent eu chart link (above) .. look at the blue harmonic parameters
  • #39
  • Aug 21, 2011 10:17pm Aug 21, 2011 10:17pm
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here goes.
"We demand rigidly defined areas of doubt and uncertainty." - Douglas Adams
  • #40
  • Aug 22, 2011 11:37pm Aug 22, 2011 11:37pm
Quoting fxpattern
...do you have face this problem before ?

i feel you may want to study this case.. A @ July 5th, 2011 High 130.84* .. note this is a 4hr time frame failed gartley at point D and price continue onto over 350 pips with a 4.236* BC projection

>
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