30 Pips A day Keeps the your money at bay

Thanks for the reply man, that looks kinda like what i am doing :slight_smile: Anyone other have a diffrent approch on the entrys?:slight_smile:

//Chris

The pattern I identified earlier on the GBPUSD enacted and reached 30 pips already while the EURUSD has failed. Still waiting on the EURJPY

I also found this one on the CADJPY Hourly that is really close to reaching convergence


On the EUR/JPY, wich of the two Ds you think is the most valid and why? :slight_smile: Im thinking the first becouse the price moment is kinda “slow” today?

*Edit, the pattern now failed. But stil if it had come true, wich one of the Ds would you have traded?
//Chris

I would have traded the first one keeping in mind the pair could have reached the second. Had the first one failed, I could have stopped the pair out at a small loss and ended netted a profit taking the second convergence. That is, of course, assuming the second convergence would have been valid

Found this pattern on the H4 AUDUSD. Should this pattern come to fruition, we may see weakness in the USD and/or strength in the AUD for the next few days


Hi racerdude!,

I haven’t been around for a while, and now I see this journal of yours, great job you’re doing on it. Congrats. :slight_smile:

I also like the area of the 50% XA fib level. Not a great convergence but we also have the coincidence of a fib extension. So three convergences at that particular area. Depending on how it develops we’ll see if this one seems to work.

The 50% retracement more often than not works as a temporary support/resistance area (with or without convergences) so this is an opportunity to take a look at how it works in this particular pair.

Just wanted to draw attention to the EUR/USD Gartley here

Its a weekly with an almost perfect convergence

Just wanted to show that if this pattern plays out, the recent rally in the EURUSD wont last


Seems a little quiet, so I will post some patterns that I detected. My trade for GBP/USD has been triggered and my T/P is 1.5687, which is 30 pips from my entry.

Other patterns I found:

EUR/JPY 15min bullish gartley: Anticipating that the D and the pattern will complete at around 122.50. If all criteria are met, I will enter and set my T/P at 123.05 and my S/L at 122.25.

Multiple D’s found under both GBP/JPY 1H and 30min. All D’s marked with a red line. Both bulish gartley, but I’m keeping my eye on 141.02 - 141.04 since I detected multiple convergence at that level. I’m gonna wait and see how this one progresses.

Let me know what you guys think. Always good to have some confirmations.

Hi Maestro! I have the exact same patterns on eur/jpy, gbp/jpy. Talking about gbp/jpy, I like both convergences, maybe will discern this with price momentum, and/or a divergence, don’t know yet, but both pairs seem to be heading to major bearish gartleys on higher timeframes, so we can expect both to patterns to reach those D points.

Anyway let’s see what the market have for us in the next hours. :slight_smile:

Also this bearish gartley on eur/jpy 15 min @ which could complete the CD leg of a bigger pattern.

It’s really interesting to see how others think in this market … I’ve been learning a lot by only reading this forum and reading the graphics you guys post. It’s mindblowing.

Best Regards,
Matt Jones .

a couple of possibilities on the swiss daily, the first is getting close.

and this on the ej 4 hour, but it’s a long way away.

Thanks wrtm. Glad to see that we’re on the same page.

GBP/USD bullish gartley was valid, but my T/P of 30 pips was not hit. It was close though. Before I went to sleep last night, I place a trailing stop of 15 pips so I was still able to get 15 pips profit on that.

EUR/JPY bullish gartley is on its way, we’ll se how that turns out.

Currently in on GBP/JPY bullish gartley has been completed. As expected, D was completed at the price level that I mentioned, so my entry at 141.05 (I saw convergence at 141.02 - 141.04) was hit. Initial S/L of 140.90 and T/P of 141.65. Already gained 20 pips so far, but I’m facing a resistence at 141.35. Once this price level is broken, I will move my S/L further up.

Good luck guys!

Just came home for a late lunch and back to work.

An update on the patterns I detected. First, GBPY/JPY was a success and easily hit my T/P at 141.65. The price kept climbing and it was possible to get 100+ pips from that pattern. However, I’m sticking with my plan and taking the profit at 23.6 fib level of AD leg.

For EUR/JPY, I didn’t enter the trade (plus the old pattern became invalid), but I have to fix the mistake I made. Specifically, I got the wrong X, which led to an incorrect D. I redrew the correct pattern (marked by red) over the old one (marked by green). Although the convergence was about 5 pip difference, the pattern was also a valid one if you were able to correctly identify all points.

Feedbacks are welcome. Thanks guys!

P.S.
I’m still trying to work on getting a high quality images posted on the forum while obeying all forum rules. If anyone can provide some guidance, I promise to be more resourceful (I’m still a newb, but I’m trying).

Hi guys,

For anyone interested in the daily usd/chf posted yesterday, this pattern on the 15m which may help fine tune entry. A few concerns are the strong green candles into D, the fact that the longer term pattern may overrule, and the fundamental news just out.

So not sure what I’ll do with it, just passing on for your consideration.

Hey Modo!

Welcome back!

What a great trading day today huh?

Thanks mate, I couldn’t stay away, I missed you guys.

My day only just started, but so far so good.

New patterns. I hope they are valid.

Currently in on EUR/USD 1H bullish butterfly. Entered at 1.3462 with S/L of 1.3445 and T/P of 1.3538. Due to the nature of the pattern, I will probably move my S/L up to a break even point and make it a risk-free trade. I’m hoping the current candle (shown in the picture) turn out to be a doji.

Other patterns were found, but probably not gonna enter until my trade closes for EUR/USD. For your reference:

  1. EUR/JPY 1H bullish gartley - I’m think the D will be reached sometime tomorrow (EST here).

  2. GBP/JPY 1H bullish gartley - two convergence points.

Other patterns detected (pics not included): NZD/USD 1H bullish gartley and AUD/USD 1H bullish gartley with two convergence points.

My previous attempt at posting images were somewhat sloppy. Hope you guys can see the pics above.

Hi Maestro, I’m currently long eur/usd and eur/jpy, with a target on a major D somewhere in the 125.40 area, nice bearish gartley at that point.

Eur/usd is currently on a major daily bullish gartley, although I don’t like how fast it got completed. But your pattern confirms the bigger pattern.

I do like your former images, the big ones, you know they are easy to analyse.

:wink: