Both travelling very nicely!! - almost with indecent haste :D:D
In fact so well, they might even morph to butterflies.
http://img521.imageshack.us/img521/4653/eurjpy7gl.png
http://img521.imageshack.us/img521/3496/gbpjpy4jq.png
Xerof
Printable View
Both travelling very nicely!! - almost with indecent haste :D:D
In fact so well, they might even morph to butterflies.
http://img521.imageshack.us/img521/4653/eurjpy7gl.png
http://img521.imageshack.us/img521/3496/gbpjpy4jq.png
Xerof
Just to update and complete those last two charts - the original charts indicating gartleys in fact proved closer to the mark - trailing stops to the rescue for shorts, and also offered nice long trades for gartley enthusiasts who were brave enough - not I.....
Xerof
Heres a nice pair of twins...........
http://www.khalsaspad.com/files/042906_usd.cad.gif
arco
Action now entered the box
http://img477.imageshack.us/img477/9...06butts2tv.gif
regards - arco
http://img95.imageshack.us/img95/791/noname2jf6.jpg
Image of daily JPY,slightly after the event though.
My interpretation is a bearish gartley with reasonable harmonics.
the ideal B should be .618 retrace of XA =116.55
and D should be .786 retrace XA =117.13
Am i on the right track
Cheers
cadet roddy
http://img122.imageshack.us/img122/3436/noname3sw0.jpg
bullish crab
target 1.08 which is 1.618 level
Cheers
cadet roddy
Hi Roddy
JPY...yes that certainly could have given a quick profitable trade, but please bear in mind Gartleys can have a nasty habit of turning into Butterflies (especially when the B is extended).
CAD - yes looks like a pattern in progress. Good spotting.
Regards - arco
the crab failed?
1111 now
Hi Arco
i had a look on the Harmonic site at the different patterns and i see what you mean!thank you for that
Does anyone know of a site that offers free real time charts with Fib that has functionality to draw nice butterflys/gartleys etc
my metastock is EOD, so not much help in that regard!
cheers
cadet roddy
Dazza - the Crab has not completely formed yet, so it cannot be classed as a failure as it does not even exist.
Roddy - check out MarketWarrior 4.0.177 Not sure if it will be of any use. I dont use it myself
regards - arco