30 Pips A day Keeps the your money at bay

[Johnnypipster]

Johnnypipster - there are Gartley/Butterfly inidicators out there for MT4, but I’d recommend staying away from them. The most popular one seems to be okay-ish; the main drawback is that they’ll usually only draw the pattern and alert you after the pattern has formed. By that time, you’ll be jumping into the trade blindly to get in at the best price and probably won’t take a minute to research it and see if it fits your rules, checks out with hand-drawn fibs, or was formed with really long candles that may skew the result. Nothing hampers your ability to learn more than thinking that something or someone else will do it for you…

I flirted with the indicators when I thought I was losing steam and getting lost, and am glad I came to my senses and put my nose back into the books!

BobVila - Thanks. makes sense and sound advice. I also believe you need to know what you are doing. There are these guys out there you can pay to follow along but you need to know or get eaten.

[Johnnypipster]

I didnt though there can be a tool like this, but guess what in the website that i commented they give you, they use the same program for the alerts, the monthly trial is very very cheap, and you can watch all lessons see all past seminars, and got this tool, i a MUST for every serious student. (i have nothing to do with them, just signed up this month for monthly trial and very happy).

CHECK THE IMAGE FOR THE MT4 GARTLEY TOOL

Thanks Duchas - what do they charge after the intial trial period?

[Duchas]

Thanks Duchas - what do they charge after the intial trial period?

ask them lol.

[Johnnypipster]

I saw they charge $9.95 for the trial period but they didn’t tell you what it was after that period?

[BobVila]

I saw they charge $9.95 for the trial period but they didn’t tell you what it was after that period?

Guys, can you take the conversation about indicators into PM? I’d hate to have it derail this thread and scare people off from sharing their patterns and questions.

Thanks!

[Johnnypipster]

No worries. I was just interested.

[LUD]

where is tmoneybags and his eurusd analysis?

[wrtm_19]

Guys, can you take the conversation about indicators into PM? I’d hate to have it derail this thread and scare people off from sharing their patterns and questions.

Thanks!

I don’t want to keep this topic up, lol, but I want to make a last invertention about this matter.

I really don’t recommend you guys to use indicators as the main way to spot your patterns.

They lack of many aspects that only the individual can discern. They obviously could help you with an apparent time consuming task, but with time the patterns present to you with a quick glance when you are already familiar with them, so no need to look for indicators.

Just my personal opinion

[maestroshin119]

Just wanted to share this indicator I came across. As wrtm said, I don’t trade according to what the indicator tells me. I simply consider it as an added confirmation to the patterns I find and detemine if the price is moving in my favor. Nevertheless, I thought some members following this thread may find it useful (not gonna be surprised if some of you already have it).

[safaria2]

@TmoneyBags
Have to say reading the method you use to trade is confusing to me. But I haven’t put the time in to properly understand it. Just looking at your entry & exits it’s similar to the method I use: breakout of constant & trend lines & that’s it, no indicators or anything.

Really encouraging to see evidence backing your trading; like statements & so on.

[maestroshin119]

I just wanted to ask some members here who read “Trade What You See” by Larry Pesavento and Leslie Jouflas. Did any of you heard of the name Arch Crawford? His name is mentioned on page 12 of the book and he apparently worked closely with Pesavento. Anyways, I’m just curious if his name is as well-known as it is claimed. I checked out his website and did some research. Those of you following TMB’s EUR/USD analysis may find Arch Crawford’s prediction for 2010 quite interesting (I have the pdf file and would upload it, but don’t want to get into any potential troubles).

[maestroshin119]

Found two patterns under USD/CHF and USD/JPY 15 min.

USD/CHF

USD/JPY

[pullice]

Could someone please tell me what is the fib levels that tmoneybags uses or in which post can I find the fib settings.

[wrtm_19]

Could someone please tell me what is the fib levels that tmoneybags uses or in which post can I find the fib settings.

Hi Pullice!

They are;

23.6%
38.2%
50%
61.8%
78.6%
88.6%
100%
118%
127.2%
161.8%
200%
261.8%

Hope that helps.

[wrtm_19]

I just wanted to ask some members here who read “Trade What You See” by Larry Pesavento and Leslie Jouflas. Did any of you heard of the name Arch Crawford? His name is mentioned on page 12 of the book and he apparently worked closely with Pesavento. Anyways, I’m just curious if his name is as well-known as it is claimed. I checked out his website and did some research. Those of you following TMB’s EUR/USD analysis may find Arch Crawford’s prediction for 2010 quite interesting (I have the pdf file and would upload it, but don’t want to get into any potential troubles).

HI Maestro! I haven’t been able to locate the info you refer to.

Sounds really interesting and honestly I don’t remember reading Arch’s
name in Pesavento’s book. You know I didn’t put that much atenttion, lol.

I don’t think you can get in trouble if you upload the pdf in here, but if you don’t feel comfortable about it could you pm me the file?

Thank you

[maestroshin119]

[QUOTE=wrtm_19;180899]HI Maestro! I haven’t been able to locate the info you refer to.

Sounds really interesting and honestly I don’t remember reading Arch’s
name in Pesavento’s book. You know I didn’t put that much atenttion, lol.

I don’t think you can get in trouble if you upload the pdf in here, but if you don’t feel comfortable about it could you pm me the file?

Thank you :)[/QUOTE]

Hey wrtm,

It’s on page 12 of the book where the authors discuss about the concepts behind harmonic trading. Although I’ve been trading in different markets for the past few years, harmonic trading is something new that I came across (partially thanks to TMB). Anyways, if you google his name you get some info about him as well as his website that has “crawford perspectives” (his news letters).

Here’s the pdf. When I meant trouble, I meant possibly getting into trouble with the author himself. Enjoy!

[wrtm_19]

Hey wrtm,

Here’s the pdf. When I meant trouble, I meant possibly getting into trouble with the author himself. Enjoy!

Oh ok, I understand

Thank you, I’ll take a look at it.

[slane043]

Just to clarify:

Is the point of these patterns to:

• ride the CD leg of the pattern?
• Or to know where point D will be, and take the retracement after D?
• Or something I’ve missed?

This pattern can’t be added until X,A,B,and C are set, correct? Or is D needed also?

[wrtm_19]

Just to clarify:

Is the point of these patterns to:

• ride the CD leg of the pattern?
  [B]No it’s not.[/B]

• Or to know where point D will be, and take the retracement after D?
  [B]That’s the use you will give to the pattern.[/B]

• Or something I’ve missed?

This pattern can’t be added until X,A,B,and C are set, correct? Or is D needed also?

Y[I]ou need XABC to predict where D will be. If D completes at the price you predicted, then it’s time to trade the retracement from D.[/I]

[slane]

Thanks WRTM_19,

Thats clarified it nicely.