Can I suggest a separate thread to focus on these formations, as I personally would like to gain experience in trading them.

Maybe this thread can be considered an experimental/learning/'trade at own peril' type of thread.

To start with I had already identified a nice one on the daily euro (see EUR thread earlier today), after the event, and as a matter of fact had found another fine example of a bullish gartley on the USD.CHF daily chart as well.

Its a real nuisance that we can't post charts on the forex threads so I'll post my XABCD points as I see them and people will just have to set them up on their own charts to see the formations

X = 1.1750 way back in April
A = 1.3085
B = 1.2435 - close to fib 50
C = 1.2790 - fib 50 - nice!
D = 1.2240

The problem I had with this one was AB didn't quite equal CD - the difference was 100 pips.

Our resident expert might like to comment on whether that entirely invalidates the Gartley or is wiggle allowable?

Anyway, the price action since then has been all the way back to just over fib 61.8%, which is 'ideal' target, and I wonder if that is it for this formation, given the sell-off in Asia today.

What I'd like to know is:

should one be brave enough to trade Point C if wave B has a perfect set-up, or are these formations focussing simply on Point D entries?

Actually XA would be nice to get as well

I can see the apparent 'danger' that a Gartley might develop into a Butterfly at the expected point D, but would have thought that the length of AB, provided BC is a nice fib 50%, would leave one fairly confident of CD's length.

I have another one which might be developing in the AUD 60 min chart, and will post my ideas on that shortly

Xerof the white cabbage