Harmonic Trading - page 36
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Hi, possible Gartley ?
hi shadow
take a look at this.i personaly trade with this sell setup.
Hi kamyar, thaks for replay,but i also see almost same picture at EURJPY,except it butterfly and it near weekly H4.
this one is better than the other.the first pic that u posted is not an ideal gartley so i do not reccomend it for trade.but this one is good
this one is better than the other.the first pic that u posted is not an ideal gartley so i do not reccomend it for trade.but this one is good
Hi kamyar,
thanks for your suggestions.
Hi Kamyar,
Could you answer my questions at post #359? Thanks a lot.
Nirvanatiger
hi
no.i respect these table and there is no any other rules for these patterns.
look, the table that u see is the common ratios and corealation between waves in these patterns.i explain the gartley column of the tabel u can use this explanation and concepts for the other ones.
as u can see in the tabel in gartley column
the retracement of XA(point B)sould be:
0.382,0.447,0.5,0.618
next AB=CD section
in the table it shows like this AB=CD(0.382/2.240)
it means
when the retrace of AB(point C)is 0.382 then the projection of BC(possible point D)should be 2.240 and the same for the others
next part D
as u can see
point D should be 1.270 of XA and 1.618 of
these levels will make PRZ.
1st be aware of longer term trend
2nd be aware of longer term trend
3rd be aware of longer term trend
Thanks your reply and suggestion, Kamyar.
1st be aware of longer term trend
2nd be aware of longer term trend
3rd be aware of longer term trendOne more question: what criteria do you use to decide longer term trend? There are a lot of ways to do this, such as CCI50, MA, EW, etc. In the pattern I mentioned, I checked Stoch@daily, which is already in OB zone, that made me to think it was following longer term trend. So what's your suggestion to decide the longer term trend?
thanks,
Nirvanatiger
One more question: what criteria do you use to decide longer term trend? There are a lot of ways to do this, such as CCI50, MA, EW, etc. In the pattern I mentioned, I checked Stoch@daily, which is already in OB zone, that made me to think it was following longer term trend. So what's your suggestion to decide the longer term trend?
thanks,
Nirvanatigeras u can see the post #351 there is bullish trend according to butterfly pattern on daily chart.the nice up trend after initial test of PRZ have made and it is going up and u found the pattern(yours)in H4 time frame which is overwhelmed by this bullish butterfly and a strong up move in daily timr frame.besides the pattern u found is not an ideal one.
as u said there is many ways to identify the longer term trend.up to u.u can use any technicques to identify it.
as u can see the post #351 there is bullish trend according to butterfly pattern on daily chart.the nice up trend after initial test of PRZ have made and it is going up and u found the pattern(yours)in H4 time frame which is overwhelmed by this bullish butterfly and a strong up move in daily timr frame.besides the pattern u found is not an ideal one. as u said there is many ways to identify the longer term trend.up to u.u can use any technicques to identify it.
Gotcha, thanks man.
Gotcha, thanks man.
u r welcom