sharetrader
Page 2 of 21 FirstFirst 12345612 ... LastLast
Results 16 to 30 of 310
  1. #16
    Kanga ru Xerof's Avatar
    Join Date
    Mar 2005
    Posts
    3,011

    Default

    Here's one that's followed the text books very nicely.

    I missed the first smaller one as it turned down early, but last nights move right to the top of the batters box allowed me to get a greedy sell done at 1.3048, with little stress beyond that level.

    Note that it looked likely initially to be a gartley, with the stalling around 1.2940, but only fell back to the strong trendline before resuming the rally. This time its broken the trendline, and has MACD confirmation.

    The three red lines are H, L and mid 34 EMA, which are also flattening out. I use this 'wave' as a visual aid for what the prevailing trend is - no more than that

    Trailing stop at b/e at the moment and will see what happens



    Xerof

    Stopped at b/e[xx(]

  2. #17
    Kanga ru Xerof's Avatar
    Join Date
    Mar 2005
    Posts
    3,011

    Default

    I was also lurking on the bid just below 11900 for this one, but, unlike USD.CHF, it failed to get far enough into the zone for me.



    Xerof

  3. #18
    action-reaction arco's Avatar
    Join Date
    Dec 2001
    Location
    AUD.NZD
    Posts
    2,878

    Default


    Morning Xerof

    You may not have missed the boat. Only time will tell but there is still another scenario lurking IMO.

    This is not a traditional Butterfly pattern as we know it but if it completes I call it 'Cliffhanger'. (It's in the book if I ever get it finished [:I])





    ___________________


    ___________________

  4. #19
    Kanga ru Xerof's Avatar
    Join Date
    Mar 2005
    Posts
    3,011

    Default

    yes, a different perspective when looking at weekly charts. I've been limiting it to much shorter time frames, but will spend the afternoon setting up weeklies

    Can I pre-order your book Arco, in case they all go on the first day

    Xerof

    Oh, I see its actually a daily - I hadn't seen that one on my daily - investigating now[][]

  5. #20
    action-reaction arco's Avatar
    Join Date
    Dec 2001
    Location
    AUD.NZD
    Posts
    2,878

    Default


    Xerof - I've decided to make it a limited edition.
    What do you reckon its worth ?

    Legend has it that book written in the 30's by a dude named Gartley sold for $1500 per copy then. About the cost of three small cars in those days I reckon!

    arco





    ___________________


    ___________________

  6. #21
    Kanga ru Xerof's Avatar
    Join Date
    Mar 2005
    Posts
    3,011

    Default

    Well.... send me a draft and I'll evaluate it for you

    Xerof the proof reader

  7. #22
    Kanga ru Xerof's Avatar
    Join Date
    Mar 2005
    Posts
    3,011

    Default

    Bugger.... updating yesterdays chart shows why.

    As a short term trade set-up, this had the perfect reversal in the batters box.

    And I'd put my net away...



    Xerof

  8. #23
    action-reaction arco's Avatar
    Join Date
    Dec 2001
    Location
    AUD.NZD
    Posts
    2,878

    Default


    Sods Law again

    ...............or the Revenge of the Butterflies

    http://www.hi-beam.net/cgi-bin/ann.p...nn&showimages=



    ___________________


    ___________________

  9. #24
    Kanga ru Xerof's Avatar
    Join Date
    Mar 2005
    Posts
    3,011

    Default




    quote:Rossi played the [u]Madonna</u>-like woman in the film
    Now Arco, there's an unhealthy pattern emerging here

  10. #25
    Kanga ru Xerof's Avatar
    Join Date
    Mar 2005
    Posts
    3,011

    Default

    A nice example of these formations, as well as the classic triangle breakout to back it up.

    Pity it was one of my 'test' cases....



    Xerof

  11. #26
    action-reaction arco's Avatar
    Join Date
    Dec 2001
    Location
    AUD.NZD
    Posts
    2,878

    Default


    For screen watchers, scalping using choosen patterns can prove very profitable.

    I intended to show this CHF chart last night but the dinner gong sounded and that was the end of posting for the day. A Butterfly and Gartley respectively gave max 15 and max 18 allowing for 3 pip spread.

    Even taking an average of just 10 pips from each leg gave a good return - around US$1536 on 1 mill.

    GTA - arco



    ___________________


    ___________________

  12. #27
    Senior Member slam's Avatar
    Join Date
    Aug 2003
    Location
    Christchurch, , New Zealand.
    Posts
    584

    Default

    Hi All

    Can one of you Gartley/Butterfly patterns guys have a quick look at the AUD/USD pair for me? (namely xerof & arco)
    The daily chart looks familiar, but I'm not sure on the proportions

    tia

    Slam

  13. #28
    Senior Member slam's Avatar
    Join Date
    Aug 2003
    Location
    Christchurch, , New Zealand.
    Posts
    584

    Default

    On another look it could be a wolf wave maybe

  14. #29
    Kanga ru Xerof's Avatar
    Join Date
    Mar 2005
    Posts
    3,011

    Default

    woof woof Slam

    try this for a few AUD wolfes over at moneytec as a starter, but they're smaller time frames, and history now...

    We could perhaps refer to them as dingos [8D][8D]

    http://www.moneytec.com/forums/showt...327#post168327

    Don't profess to be WW expert in any shape or form is this what you're hoping for?



    The pink line is a Dynamic Gann Line (DGL) which I've used as a guide for the end of the 5 leg, but it could well be right here at current levels....

    Xerwolfe

  15. #30
    Senior Member slam's Avatar
    Join Date
    Aug 2003
    Location
    Christchurch, , New Zealand.
    Posts
    584

    Default

    That's the one Xerof
    WW worked on this one before so it may be worth a look.

    Cheers
    Slam

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •