steve, in answer to both of your questions in this and the NZD thread I will for now just post this picture.
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steve, in answer to both of your questions in this and the NZD thread I will for now just post this picture.
Thanks Peat.
I will open my eyes and put the brain in to gear...
sorry to post after the event but USD/JPY gave a good gartley for a hundred pip short last night . top blue dotted line to bottom blue dotted line
What sort of success rate are you finding with the butterfly formations? IE:How often do they partially form, but not complete?
cant really say Steve.... note I use gartleys, Arco is the butterfly collector.
But for me its a strategy that gives clear entry points and exit points.
1/ Eur/Chf X Mar 12th ; A Mar 17th etc.. daily
2/ Chf/Jpy X Mar 19 A Mar 21 etc 3 hour...
lets see how those go.
wow edit function reduced to 1 minute after the post!!
entry for Eur/Chf is 1.5750
entry for Chf/Jpy is 99.60 which hasnt happend yet but i have one at 99.45 as a precursor.
just realised those two trades in combination are really just a short Eur/Jpy. And looking at that pair there isnt a gartley as such but there is a 78% retracement at 156.4 now at 156.24
Just do that trade and save on two spreads <slaps head> :o
Hi Peat
Potential larger Gartley B50-D886 showing on 1 hour EYen.
rgds - arco