Trading in harmony, harmonic patterns and price action

[defiance888]

hi again,

you are not understanding that if cd does not equal atleast ab then it cannot be a gartley.

when you say you favor the ratio’s over the ab=cd pattern im guessing you are reffering to something along the lines of this:

but look CAREFULLY.

the distance between a and b, is exactly the same as the distance between c and d. measure if you don’t believe me. now look at your EURUSD gartley and you will note that the distance between your c and d is LESS than the distance between your a and b. this cannot happen. the distance between your c and d MUST be atleast equal to the distance between your a and b, it can never be less.

this is the correct EURUSD gartley

note that my ab is equal in length to my cd projection. you can see this clearly the 100% lines up to the 61.8% of xa when i place it on c,

you can also see that the 88.6% of xa also lines up somewhat with the 161.8% projection of ab and this another possible price turning point.

remember at is core. all a gartley is just an ab=cd on an axis. cd can either be 100% [in which case it is ab=cd, or cd can be a 127.2%/161.8% or 261.8% extension of ab]

in truth, you might be better for now sticking with the more traditional gartleys [like you were trying to do until you get a bit more experience as a VALID gartley with a D on the 78.6% is less likely to fail than a valid gartley with a D on the 61.8% and definately alot less likely to fail than a valid gartley with a D on the 38.2%

just be mindful to make sure your traditional gartleys are infact valid and with your cd being atleast equal in lenght to ab the gartley is not valid.

as for how successful these patterns are for me, i began learning this way of trading in tmoneybags 30 pips a day thread last year, i was a newbie and a couple of months before using indicators doubled my account but the week after lost all my profits and also about 25% of my original money. tmoneybags thread is like 900 odd pages long and contains alot of info on gartleys. i was still relatively new to forex and initially i was unable to achieve the same results as tmoneybags so i grew frustrated and stopped trading them. i system hopped alot and eventually as you grow in experience you just realize the vast majority of systems are fundamentally flawed in one way or another and that most people using the system are failing [in the long term or barely scraping by] and even the author of the system is not really earning that big and is not showing screenshots of winning track record or myfxbook when asked. the only system i had studied where the author was continuously earning big month after month and had screenshots and myfxbook to back up his claims was tmoneybags. so earlier this year [my account at this point was reduced to around 25% of the original deposit] i went back to the thread and re-read it and re-read and re-read it excessively …all the time making changes to how i was originally trading gartleys before …trying to trade as close as possible to how he trades them. i managed to strike a balance between how he trades them and i trade them …and if im completely honest i am not really sure of my results because i was experimenting with multiple other trading techniques at the same time and remained at break even. all i can honestly tell you is that for this month [march 2014] i am officially down about 0.4% but with a winning 12% trade still open. meaning that if i closed it right now or on sunday/monday i’d likely be up around 11.6% this month/year. but that 12% trade i have open is not a gartley trade, it is a gann trade. but gann is also harmonics. i have only started using gann recently [in the last month], but judging by the results i plan to keep with it

but all in all, i am pretty much sure that cd must equal in length atleast ab in gartleys. but if you are still unsure [which you are perfectly entitled to be] i suggest you ask someone like tmoneybags who has a proven sustained record with gartleys.

[Bertacci]

Hi there! While I think the AB=CD is important when I look at a Gartley, I still favor the ratios over the AB=CD pattern. Could you please share your results, as in how successful have these patterns been for you? Also, could you post that daily Gartley? Thank you in advance!

Psyren you are thinking along the right lines. Of course you can use those parameters that defiance888 is using for a strict measure of a gartley, but there is no reason that CD can’t be smaller than AB, the important thing to me, as you mention, is how the pair reacts to the ratios. Remember H.M. Gartley just drew a pattern in his book with little explanation and Larry Pesavento put fibonacci ratios to it. Others have since given stricter guidelines to define the pattern.

The key is to define rules for your system that work for you, and follow them, to be on the path to consistency.

[defiance888]

I issue an open challenge to anyone, to find me an [U]official[/U] looking diagram of a gartley where the cd is LESS than the ab in lenght.

[ramez4fx]

what i have to do next.bmp (209 KB)
hi , this is usdjpy 4h
I wander is that a bearish crab? and my question is what I have to do next?:33:

[Bertacci]

@ramez4fx

what i have to do next.bmp (209 KB)
hi , this is usdjpy 4h
I wander is that a bearish crab? and my question is what I have to do next?:33:

Nice convergence of a 786 gartley and a 1.27 butterfly near 104.42. Let’s watch and see if this completes next week.

[Psyren]

Hey! Here are two weekly patterns:

1. A Bat on the AUDCAD
   

   
   
   

2. A Gartley on the EURNZD
   

   
   
   

Any feedback is welcomed.

[Psyren]

Hello again! Man has this thread become inactive. Also, I haven’t seen Wookie1985 in quite a while … Anyway, here is a Butterfly on GBPUSD that I am keeping my eyes on:

[Bertacci]

[QUOTE=“Psyren;619861”]Hello again! Man has this thread become inactive. Also, I haven’t seen Wookie1985 in quite a while … Anyway, here is a Butterfly on GBPUSD that I am keeping my eyes on: <img src=“301 Moved Permanently”/>[/QUOTE]

I am watching for the 1.27 butterfly on GBPUSD.

[Bertacci]

@Bertacci

I am watching for the 1.27 butterfly on GBPUSD.

Updated with chart. 1.6918 is the level i’m watching.

[Psyren]

Ye, it does tempt me too to enter the market at 1.27, but I would feel more comfortable at the 1.61 knowing that the top of the channel is lining up with it.

[Psyren]

Hey! What do you think about these setups?

1. I’m not the one who spotted this Cypher, but I thought I would share it you:
   

   
   
   

2. Also here are two patterns on the Daily EURAUD:
   

   
   
   

[Bertacci]

@Psyren

Hey! What do you think about these setups?

1. I’m not the one who spotted this Cypher, but I thought I would share it you:
   
   

2. Also here are two patterns on the Daily EURAUD:
   
   

Looks like EURAUD has completed a beautiful gart already. 618 and AB=CD. I did not trade this massive pattern.

I don’t trade cyphers, they make no sense to me.

forex market has been very quiet as of late, but AUDUSD is starting to swing harmonically a bit. Hitting numbers, and setting up for some potential good looking patterns

[Psyren]

Hey guys! Here are two patterns that I am keeping my eyes on:

1. A Gartley on the H4 EURUSD
   

   
   
   

2. A Bat on the Daily USDCHF
   

   
   
   

[Napoleonsolo51]

How did this pan out for you?

@Psyren

Hey guys! Here are two patterns that I am keeping my eyes on:

1. A Gartley on the H4 EURUSD
   
   

2. A Bat on the Daily USDCHF
   
   

[Psyren]

How did this pan out for you?

Neither of them completed.

[lincoln_luka]

Hey can u help me out with some harmonic scanner software 4 metatrader 4

[ramez4fx]

waiting for bat or double top

[sekhar]

AUDUSD H1 & H4

[sekhar]

USDJPY H1 ,M30 & M15
XAUUSD Weekly , Daily & 4hr

[vinay93]

Is anyone from the community still doing Harmonics? The thread seems to have died out