trading forex using Gartley Patterns

Lost 62 pips on this. Should have paid more attention to the higher low, upward sloping daily 3sma, and the QM was a stretch at best. Not a horrible trade imo, but not really strong and I paid the price.

Next.

Hi brothers,

any1 trading s&p ? this is a nice crab pattern i might trade.
B = 618, but price already went under X. that makes a gartley invalid,
that's why i'm thinking this could go lower, see the blue box on chart.

... i was wondering, price now closed under the X price, could that mean it could still be a gartley?? anyhow, i still pref buying s&p.

cheers.

This was just great, almost perfect, closed all shorts on this maximum level, long trades opened just under it and locked. You could say i'm fully bearish against usd again, exept for maybe euro, let's see about that one... cheerzzz..

watching this uj, 76.75

Also interested in 1.4260 for eurcad shorts.

Update; could be an abcd around 1.43 for entry (rather than 1.4260). Either way, as it is a daily pattern i will probably just watch and mayeb enter on an h1 pattern in the next couple of days.

s&p runs very similar as aud/usd atm, this is my update from the first decent higher high action. i think it will kill it.

gartley or possible crab pattern if break above the x
move looks strong but market is sleeping

Hello Gartley traders,

I've just discovered these amazing patterns and am having quite a good time experimenting with them. I'm not solid enough yet to draw them myself, so am looking for a good indicator as a trigger to investigate. Problem is... the one I'm currently using, 54_search_patterns, with which I've been having pretty good success (on my demo account) tends to disappear on me and I'm not sure why. If I change timeframes, for example, even though I have it templated and on the chart, it may just disappear entirely, but if I pull up the indicators list and open the indicator and change one of the colors, it will sometimes come back. Puzzling! Any thoughts on how to fix that?

I see that many of you use the ZUP indicators. I was investigating those, too, but frankly got confused because there were so many versions of them. Wasn't sure whether to go all the way back to 76 or use ... what's the latest one? 113? and whether to use the WRR_ZUP_INFO indicator with it and if so, V1 or V2... and then I made the mistake of looking at NEN STAR... and oh my goodness... that did it for sure!

So, I guess what I'm asking from you (much) more experienced traders is... an indicator that will stay stable and not keep disappearing on me? Or a way to fix the one I'm using?

I have to say this is the most promising way of trading I've come across yet... I'm impressed! And I love this thread! Thanks for sharing!

MsPegasus

Never mind... I found the instructions for the ZUP indicators and the WRR_ZUP alert on another forum. Will be trying them out. Thanks
MsPeg

hi, if anyone is interested to learn even more about the Gartley pattern you may like to take a look at this quiz (level 1 out of 3):

http://quiz.tradingarsenal.com/gartl...ic-trading-en1

... intermediate level of the Gartley pattern quiz was published today, if you care to learn a bit more about this harmonic pattern, take a look:
http://quiz.tradingarsenal.com/gartl...ic-trading-en2

It looks that trading the Harmonics is more profitable than any technical analysis, but, when it comes to making an entry based on the harmonics, one required lot of guts, experience & belief in the systems, to enter into a trade, in reversal to the established longer trades in the PRZ. Eigher the proper indicators or lot of experience & belief in those systems only can drive us to venture into trades, based on Harmonics. Not much of training & systems are available in the Forex market. One has to devis one's own expertise for trading the Harmonics.

Can any one help me in finding the trade set ups based on the Harmonics principles?

Pandupr2

If you are still into the matter you can check Larry Pesavento's book 'Trade What You See'. It has exact rules and trade management you can try. The best in my opinion is to backtest your own risk and entry parameters as you can take small profit targets with Gartleys or swing the bat with 161% extensions or longer tatgets. Both work, but different risk to reward.

hah, that was quite nice Kudos for the quiz.