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  • #1,761
  • May 14, 2014 4:32am May 14, 2014 4:32am
Seems like that #GBPUSD AB=CD is forming fast.
Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_1012067_GBPUSD_2014-05-14_12-35-32.png Size: 194 KB
  • #1,762
  • May 14, 2014 4:36am May 14, 2014 4:36am
I regret not shorting it man...read from somewhere that once price exceed B, the CD leg will probably form...now it seems like coming true
  • #1,763
  • May 14, 2014 4:38am May 14, 2014 4:38am
Quoting Polaris4dy
Also important to note that when we short FTSE, we are betting on GBP to fall too..because FTSE is in GBP... so even if FTSE is not moving but GBP fall, we profit...and vice versa... *unless you hedge by longing GBP (assuming your account is in USD)
really good point mate
  • #1,764
  • May 14, 2014 4:47am May 14, 2014 4:47am
Quoting zaghloul
Seems like that #GBPUSD AB=CD is forming fast. {image}
300 sma at 1.6722 in between 127 and 100 fibs
  • #1,765
  • May 14, 2014 4:55am May 14, 2014 4:55am
Quoting eklein
{quote} 300 sma at 1.6722 in between 127 and 100 fibs
I'm drawing the Fibo retracements from A so that AB = 100. That makes D right above 168.8. Zoom in on my chart above. H4 300SMA will probably be around 1.673 by the time it forms (which is almost exactly the 168.8 fibo). If this AB=CD completes by tomorrow London morning time (24 hours from now) it will be a perfect AB=CD both in time and price (Gann style).
  • #1,766
  • May 14, 2014 4:59am May 14, 2014 4:59am
Quoting zaghloul
{quote} I'm drawing the Fibo retracements from A so that AB = 100. That makes D right above 168.8. Zoom in on my chart above. H4 300SMA will probably be around 1.673 by the time it forms (which is almost exactly the 168.8 fibo). If this AB=CD completes by tomorrow London open time it will be a perfect AB=CD both in time and price (Gann style).
set buy limit at 1.6738 hope it works, theorys good, Cheers
  • #1,767
  • May 14, 2014 5:00am May 14, 2014 5:00am
Quoting Polaris4dy
I regret not shorting it man...read from somewhere that once price exceed B, the CD leg will probably form...now it seems like coming true
I never knew that. Can you please send me this article/link.
  • #1,768
  • May 14, 2014 5:06am May 14, 2014 5:06am
Quoting zaghloul
{quote} I never knew that. Can you please send me this article/link.
good thing to remember!
  • #1,769
  • May 14, 2014 5:10am May 14, 2014 5:10am
Quoting zaghloul
{quote} I never knew that. Can you please send me this article/link.
It should be in the book "trade what you see" http://www.4shared.com/rar/laPgIT1t/...ow_To_Prof.htm

page 43 btw
  • #1,770
  • May 14, 2014 5:21am May 14, 2014 5:21am
Quoting Polaris4dy
{quote} It should be in the book "trade what you see" http://www.4shared.com/rar/laPgIT1t/...ow_To_Prof.htm page 43 btw
Thanks

And here is H.M. Gartley's Original book which sold for $25,000 back in 1925!!!! The ever popular and powerful Gartley pattern appears on page 222. Amongst many traders its actually called the Gartley 222 pattern.

https://www.dropbox.com/s/tr3jckwcck...ock_Market.pdf
  • #1,771
  • May 14, 2014 5:30am May 14, 2014 5:30am
Quoting zaghloul
{quote} Thanks And here is H.M. Gartley's Original book which sold for $25,000 back in 1925!!!! The ever popular and powerful Gartley pattern appears on page 222. Amongst many traders its actually called the Gartley 222 pattern. https://www.dropbox.com/s/tr3jckwcck...ock_Market.pdf
Nice that very famous book!
  • #1,772
  • May 14, 2014 6:37am May 14, 2014 6:37am
Quote
Thanks

And here is H.M. Gartley's Original book which sold for $25,000 back in 1925!!!! The ever popular and powerful Gartley pattern appears on page 222. Amongst many traders its actually called the Gartley 222 pattern.

Thanks for sharing this.

XAU/USD 1h possible AB=CD, 300 and 400 SMA are in 4h chart also, looks good.

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  • #1,773
  • May 14, 2014 7:14am May 14, 2014 7:14am
Quoting DrPippy
{quote} Thanks for sharing this. XAU/USD 1h possible AB=CD, 300 and 400 SMA are in 4h chart also, looks good. {image}
U meant look good for SHORT?
  • #1,774
  • May 14, 2014 7:14am May 14, 2014 7:14am
Missing the inputs from Nitsan Levi.
  • #1,775
  • May 14, 2014 7:16am May 14, 2014 7:16am
Quoting Ramii
{quote} U meant look good for SHORT?
I think he means to say 1315+- will be a good price to sell. AB=CD completes there.
  • #1,776
  • May 14, 2014 7:18am May 14, 2014 7:18am
OIL: Double Hanging Man on H8....This could be the good time to go down???? :o
If you do not know who you are, the Forex is the worst place to find you
  • #1,777
  • May 14, 2014 7:22am May 14, 2014 7:22am
Quoting hamidshah.pk
{quote} I think he means to say 1315+- will be a good price to sell. AB=CD completes there.
ok so we may target for small long for the time being till completion of AB=CD (around 1315)
  • #1,778
  • May 14, 2014 7:23am May 14, 2014 7:23am
Quoting Ramii
{quote} ok so we may target for small long for the time being till completion of AB=CD (around 1315)
exactly what I'm thinking..hahaha
  • #1,779
  • May 14, 2014 7:24am May 14, 2014 7:24am
Quoting Polaris4dy
{quote} exactly what I'm thinking..hahaha
  • #1,780
  • May 14, 2014 7:24am May 14, 2014 7:24am
Quoting Ramii
{quote} ok so we may target for small long for the time being till completion of AB=CD (around 1315)
I am also a beginner and yet understanding patterns, but Wait is the best policy, may be it goes higher and invalidate the pattern. As the news are coming in so be careful.
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