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- ChinaWombat replied Nov 17, 2010
nzdusd gartley — image current trade at breakeven & tp1 done. this new formation has me bringing my original tp's down to the new ABCD two prz's 1, abcd @ .786XA & 1.618BC 2, my preferred, 1.27ABCD @ .886XA, C is .618 of AB so expect 1.618AB ...
trading forex using Gartley Patterns
- ChinaWombat replied Nov 17, 2010
usdjpy 15m — image usual slow asian corrective session... prz includes ABCD .786XA 1.27AB .786AB=C
trading forex using Gartley Patterns
- ChinaWombat replied Nov 17, 2010
gbpjpy ABCD — image just missed the ABCD 100%, and a test & failure @.786 BC, then a re-test, through, but failed at ABCD
trading forex using Gartley Patterns
- ChinaWombat replied Nov 17, 2010
nzdusd gartley — image on smaller time frame is a butterfly/crab pattern which looks to be completed just before the small XA1.618 which is also .618 of large XA, and ABCD
trading forex using Gartley Patterns
- ChinaWombat replied Nov 17, 2010
gbpusd bat — image I'm going to wait a little bit.... *the ABCD looks like it has the potential and should extend (due to the extreme range bar in the middle of CD), BAT PRZ 1) C = .618AB, so expect D=1.618AB 2) .886 XA 3) 1.27ABCD 4) 2.0 BC ...
trading forex using Gartley Patterns
- ChinaWombat replied Nov 15, 2010
usdchf gartley — image ab=cd @ XA .786ish
trading forex using Gartley Patterns
- ChinaWombat replied Nov 15, 2010
i count it like this.. if you're making B @ .786 you should be prepared for a possible butterfly extension, but at least you're at breakeven now.... it's marginal but your C wave should be equal or less to A your B-C could also count as next impluse ...
trading forex using Gartley Patterns
- ChinaWombat replied Nov 15, 2010
audusd bfly — image with the bearish gartley unable to complete, potential b-fly forming on smaller time frame with AB=CD @ 1.27XA which also = .786XA of prior rally
trading forex using Gartley Patterns
- ChinaWombat replied Nov 14, 2010
audusd gartley — with the trend
trading forex using Gartley Patterns
- ChinaWombat replied Nov 12, 2010
tp1 usually just 1*1 risk on the bigger time frames 1h n up which usually comes in just before .382, if the pattern fails usually it fails before .382 so i want to make sure i get at least some cash for my trouble tp2 aims for the .618 of the AD tp3 ...
trading forex using Gartley Patterns
- ChinaWombat replied Nov 11, 2010
nzdjpy bat — image as it is against the trend I wasn't keen to sell this, however, with the potential double top failure, it now looks more attractive, plus the original price action from the peak, appears to replicate the original gartley ...
trading forex using Gartley Patterns
- ChinaWombat replied Nov 11, 2010
eurgbp gartley — image with the trend, ABCD @ .886XA
trading forex using Gartley Patterns
- ChinaWombat replied Nov 11, 2010
audnzd gartley — image a bit early to post but if we see audnzd higher over the next few days then this formation looks interesting
trading forex using Gartley Patterns
- ChinaWombat replied Nov 11, 2010
audusd, time to dip the toe in for a short? — image Depending on if your learning comes from the Pesavento or Carney (perfect fibs) school of thought there seems to be some confluence on the audusd. I'm not sure if i'm çurve fitting price ...
trading forex using Gartley Patterns
- ChinaWombat replied Nov 9, 2010
i think it is, i jumped in a tad too early (see post 556) @ .786XA, and still have it running, or rather crawling at this stage...
trading forex using Gartley Patterns
- ChinaWombat replied Nov 8, 2010
cadjpy update — image an interesting pattern is appearing, with .786XA, AB=CD, and 1.618BC all arriving around 80.25 area. whilst the longer term gartley mentioned yesterday is with the downward trend (4H & Daily), this new potential gartley ...
trading forex using Gartley Patterns
- ChinaWombat replied Nov 8, 2010
cadjpy — with the trend but messy confluence
trading forex using Gartley Patterns
- ChinaWombat replied Nov 5, 2010
chfjpy — image image image with the trend, but not sure which is the significant X starting point, i'm tending to favour either a b-fly, or bat, due to the fib confluence, and prior resistance, but gartley can't be discounted
trading forex using Gartley Patterns
- ChinaWombat replied Nov 5, 2010
i'm glad you were able to scoop up some pips, it wasn't there long...
it was the 2nd pivot low from the bottom of the pattern, which is usually an intial target point for tp1 (when with the trend), or the most you should expect against the ...trading forex using Gartley Patterns
- ChinaWombat replied Nov 4, 2010
audusd bfly — image against the trend, AB=CD,and CD has it's own ab=cd 1.27ABCD comes in near 1.618 XA in case this is premature,
trading forex using Gartley Patterns