This NZD one from last night looks pretty perfect I think. Stretching out into longer time frames now with 5 min candles ;+)
http://img215.imageshack.us/img215/6...0907kx1.th.jpg
Printable View
This NZD one from last night looks pretty perfect I think. Stretching out into longer time frames now with 5 min candles ;+)
http://img215.imageshack.us/img215/6...0907kx1.th.jpg
are they back to back here?
http://img165.imageshack.us/img165/7...210907bcy9.jpg
Evening Peat
Interesting point on the first BF you posted.
If you put an extra leg from the 1920 candle it produces a BF @ circa Fib 1272.
Triple confirmation - Gartley/BF/AB=CD..........always a bonus.
There was another smaller Gartley from 12.30 - 16.20 for about 50 pips so far.
arco
will this USDJPY 15min one have a happy ending? doing ok so far.
http://img216.imageshack.us/img216/9...1092007sv2.jpg
watching and waiting
Do you see the EURUSD hitting 1.45 before a meaningful downturn?
usd is not getting any loving at the moment
it feels a bit toppy now but nothing to act on as far as confirmation
this is another possible elliot wave count which could take wave 3 up to 146 and then who
knows for wave 5
is there a time frame when a gartley pattern expires ?
eg the 2nd one in my NZD hasnt really played out (yet) altho admittedly it never really dropped low enough to complete the requirements. still currently +29 tho so ok!
the USD/JPY one is playing out better ...
I must admit since trading gartleys my demo ac is looking a lot better.... gotta try and do this for a while before I try live again tho....
hi peat , its allways a bit of tricky one when these patterns dont do what they should,
i have tended to get out of patterns that dont react with some kind of reaction move
staight away , yeah you miss a few but i think its better to move on.
i do look at fib time lines , running from the mid point b to put some kind of time
expectation on as well
well perhaps I'm just being impatient on the NZD - its also forming a bit of an ascending triangle top at 7450 and ascending edge from 7326 so that may assist.
yes I've tried fib time lines as well using Oanda but I'm never quite sure how to place them - I have sometimes seen a correlation with the action but other times not so havent ever incorporated them into a strategy.
Euro has just spiked up a bit and this is now getter close to 1.4150 where I once saw a confluence of fib extensions so yes that may be a PRZ. some out there are getting very bullish too which maybe a contrarian indicator.