Gartley/Butterfly patterns

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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.

[Steve]

Thanks Peat.

I will open my eyes and put the brain in to gear...

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took some profit on USD/HKD at 7.7950 +164

still short on this now at 7.7844

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USD/HKD
target 7.77

thats reached after something like 6 weeks
fully closed at 7.7672 now

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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

[Steve]

What sort of success rate are you finding with the butterfly formations? IE:How often do they partially form, but not complete?

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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.

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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.

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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

[arco]

Hi Peat

Potential larger Gartley B50-D886 showing on 1 hour EYen.

rgds - arco