I have a really good feeling about the EURUSD set up that Kamyar posted. I was already looking at the pair with an interest in going long for a number of reasons. To see that there is harmonic support for this potential trade though is great. Thanks again Kamyar for all your help.
The pattern may have failed on this one, but a reversal of the Euro's fortune is on the horizon. Its just a matter of when. I am getting close to a long signal with another method I have been working on.
ahmad1360: Dear forexian it retraced in 50 and i think it is not valid as well as 76or61.
Dear Ahmed,
as far as my knowledge is concerned, this pattern is a non-ideal pattern, but a vaild one. If u read Larry Presavanto's book (Profitable Patterns for Stocks), u will know that according to his rules this is valid. I agree it is a low-probability pattern, but still presents a good opportunity IF reversal is confirmed.
There is a big bearish gartley pattern with confirmed X/A/B point on MONTHLY EURO, only prices above 3000 will invalidate it.
There is a nice USDX pattern too, points that USDX will trade at 96-98 levels sometime in 2007, so EUR could be coming for a big descent, now just to sort out the time.
Thanks for the heads up on the monthly gartley Ruffen. I will have to check that out. I guess it explains why the resistance is so strong. I still have not entered either way, but I am patiently waiting to see what will happen.
Seems like this thread is starting to come alive again.
as far as my knowledge is concerned, this pattern is a non-ideal pattern, but a vaild one. If u read Larry Presavanto's book (Profitable Patterns for Stocks), u will know that according to his rules this is valid. I agree it is a low-probability pattern, but still presents a good opportunity IF reversal is confirmed.
Eurusd
I have a really good feeling about the EURUSD set up that Kamyar posted. I was already looking at the pair with an interest in going long for a number of reasons. To see that there is harmonic support for this potential trade though is great. Thanks again Kamyar for all your help.
GBPUSD - Bullish Gartley - 4hr chart
Waiting for confirmation by RSI n Stochastics.
hi all
thank you all for your nice words.
as u can see in the pic or entry point in eurusd did not trigger and it broke the prz and the bullish setup been failed....
about gbp bullish gartle i dont fell good about the setup.as you can see gbp broke the triangle downward and the senario became bearish(my opinion..)
Eurusd
The pattern may have failed on this one, but a reversal of the Euro's fortune is on the horizon. Its just a matter of when. I am getting close to a long signal with another method I have been working on.
GBPUSD - Bullish Gartley - 4hr chart Waiting for confirmation by RSI n Stochastics.
Dear forexian
it retraced in 50 and i think it is not valid as well as 76or61.
Dear forexian it retraced in 50 and i think it is not valid as well as 76or61.
Dear Ahmed,
as far as my knowledge is concerned, this pattern is a non-ideal pattern, but a vaild one. If u read Larry Presavanto's book (Profitable Patterns for Stocks), u will know that according to his rules this is valid. I agree it is a low-probability pattern, but still presents a good opportunity IF reversal is confirmed.
regards.
NZDUSD - Bearish Bat + Bearish Gartley - 4hr chart
Awaiting confirmation.
There is a big bearish gartley pattern with confirmed X/A/B point on MONTHLY EURO, only prices above 3000 will invalidate it.
There is a nice USDX pattern too, points that USDX will trade at 96-98 levels sometime in 2007, so EUR could be coming for a big descent, now just to sort out the time.
Thanks
Thanks for the heads up on the monthly gartley Ruffen. I will have to check that out. I guess it explains why the resistance is so strong. I still have not entered either way, but I am patiently waiting to see what will happen.
Seems like this thread is starting to come alive again.
Dear Ahmed,
as far as my knowledge is concerned, this pattern is a non-ideal pattern, but a vaild one. If u read Larry Presavanto's book (Profitable Patterns for Stocks), u will know that according to his rules this is valid. I agree it is a low-probability pattern, but still presents a good opportunity IF reversal is confirmed.
regards.thanks a lot