as usual the one that I post… i miss … :\
Bad luck Ogna, y’d u miss it?
Anyway here’s a failed bearish Bat I was watching all day. :o On the AudUsd 30 min.
I know it’s not strictly in the spirit of this thread but it did work as expected and I got 17 pips of it but interestingly failed to go the full 127.2 TP and stopped at the 61.8, which I understand is where “if” it’s going to fail it will there.
Wally
crikey you got a lot of bars on your screen! I had to zoom out to my daily to pick that up…
I dunno man, personally it looks like you got a bit gartley happy there…like your teacher didn’t let you draw enough triangles as a kid ;=p
It just doesnt look like a gartley to me…the AB swing isn’t well defined enough…
…but beauty is in the eye of the beholder!
Hey Guys,
Love this thread, first time posting… was wondering if anybody has read the [U]Trade What You See[/U] book suggested by TMB and is willing to part ways with it at cost 
Thank you
racerdude777
yeah, i agree, this one is a stretch.
made good coin on it tho hehe.
Found a couple that look appealing to me:
First one is a bullish Gartley on the EUR/USD that looks like it’ll develop sometime later tonight or early tomorrow tomorrow (not an ideal situation, but we’ll see).
Second is a bearish Gartley on the GBP/JPY. I’m not entirely sure if that one is going to go where I want it though. I guess we’ll wait and see.
I haven’t been on for a long time. My new my offline adventures were taking up all my time but I’m glad to say that I will be making an effort to show jump on this forum as much as I can again.
@racerdude777, you asked about booking the buy at cost from someone but just a little tip, I found it at my local library. I personally think you’d be better off just reading this entire thread anyways.
@Aarong, I too am watching the Eur/$ and it looks like we are looking for an entry at the same spot. Good! I wasn’t looking at the gbp/jpy because I was watching one on the $/jpy that is moving very similar. But I checked it out and it looks good although I placed my ‘b’ at the peak previous to yours at the 148.10 area which gave me a good correlation for entry at 149.70 which is almost 50 pips early for yours. So just keep an eye on it around that area and see what happens. I know I will be so long as I’m not in a meeting at that time…
Thanks for sharing Aarong.
I get some subtle differences (same as fxtraitor on gbp/jpy), but it’s great to have another set of eyes out there.
Late… late spotting a pattern… late fri night (oz time)… not good.
I thought I still had a couple of hours before the off farms us news and I was bored… :eek:
Interesting how the A-C trent line became resistance twice then support twice and is now resistance again, the’re like little bits of magic sometimes.
Wally
Im on page 44 but heres my q! How do i apply the fibbonaci retracement?
is it top to bottom or bottom to top (wick)
.
Ex: I drew my fib retracement from 0.88570 to 0.90260 on the EUR/GBP 1H chart, and was able to catch the price with my buy limit on the 61.8 line! (buy limit .89210). Was this pure luck, (was waiting for 1H candlestickreversal pattern hehe), did i correctly apply the fib retracement? Or was it upsidedown? I realise this is not a gartley or butterfly q, but i couldnt find a Fib retracemtn thread. Thx
If this is what your talking about, then your right, go from the bottom to the top so 100 on the bottom pivot to 0.00 to the top pivot visa versa for a downward move or drag the fib tool left to right if u like.
Also what u may have is a potential gatley, so keep whatching it.
Wally
hi all,
here are couple of patterns i’m watching on the au.
first is a 5 min bearish butterfly which i stupidly took late friday and will probably pay the price with an opening gap and major slippage on my stops.
if so, the next point of interest could be this 4h bearish butterfly. you may disagree with my X, but i think it could be valid as the last swing high.
in both instances there is almost perfect convergence at the 1.272/1.618 extensions.
You might be on to something there with the 4H modo, I had a bunch of trend lines already drawn and (hopefully) you can see a line drawn right on that convergence of 1.272 1.618 as well.
Thx Wally seems like i got it right:)!
Here’s a bearish gartley I like. It’s also a butterfly depending on what X you choose. D at 93.22ish 8hr timeframe. Let’s see how it goes. Let me know what you guys think.
Thanks WRTM,
Nice to know there is another D in the same area as the 4hr.
hey wrtm,
quick question, is it ok to trade this pattern as a gartley given the small bc leg. i thought a bc leg like this implied a butterfly. please correct me if i’m wrong.
oh, sorry, i just noticed you said it could also be a butterfly depending on x.
either way, there seems to be some resistance around 20 which is nice.
thanks
modo
Yeah it’s a nice convergence, I have my alarms ready, though I hardly hear them when I’m sleep 
. Anyway I’ll try to get some sleep. Let’s see how it goes.