Gartley/Butterfly patterns

[arco]

Hi Bilo

Posting a chart.

I have mentioned this before on one of the FX threads...but cant find it at the moment. I did find a similar explanion that Phaedrus placed on the forum - link below. He mentions Screen Hunter which I have used in the past although I use Printkey 2000 currently - they both do a similar job.

http://www.sharetrader.co.nz/showthr...+hunter&page=2

The first thing you need to post charts is a Screen Capture
programme. This will work regardless of the source of your charts - website, MetaStock or any other charting software. An excellent screen capture utility can be downloaded from
http://www.wisdom-soft.com/downloads/downloadfiles.htm
It is called "ScreenHunter" (323KB) and will run on Win 95/98/NT4/ME/2000 and XP. This programme is free. There are no catches, no ads, and no time limits. It can capture the active window, the full screen, or any user defined rectangle. This last option is the one you want because it enables you to select only the actual graph, leaving out any toolbars etc. The file can be saved as BMP, JPG or GIF. Select the GIF option - this gives small files that are easily read by any system. A typical chart would give a BMP file of 1200KB, JPG would take 70KB, but GIF format would take less than 15KB. This makes for faster downloads. Save the file to your desktop. Do not make the charts too big. Restrict them to about 3/4 of the screen width. If you post a larger image, it makes the entire thread too wide to view directly and is very annoying for everyone.

After screen capture, save as a file and then download using the 'manage attachments' button lower down on the reply page

[Bilo]

Something like this Arco?

[Bilo]

Well it could have included the Aussie200 Index CFD heading, but I might get the idea - thanks for the screen capture software tip.
Bilo

[arco]

Looks OK Bilo.
Is that a baby BF at the end?

[Bilo]

Looks OK Bilo.
Is that a baby BF at the end?

Might be you spotted it before it is finished...

[peat]

everyones pretty bullish on AUD/NZD at the moment

Max sent out a flyer about NZD/AUD goin to .73 on 28/4 (see the 2nd pic with the writing above it) [sorry Max, but if you send them to me free I wont consider them copyright]

and McDunk in the shares forums is gloating about putting all his money over there earlier this year

I should be buying them too for my trip over there next month but I'm not.

This looks like a bearish gartley to me although if you'd sold at D it would be -150 already
It will probably end up being a butterfly and go to 1.24 , anyway just thought I'd post what I see.

[arco]

Hi Peat

My genetically modified green butterfly collection seems to
agree with higher prices to come......mentioned this on the
Aud.Nzd thread (I think).

rgds - arco

[roddy]

just happen to spot this NZD/JPY ON 15 min chart 161 would be good

[peat]

This is an interesting take on the gartley/butterfly

Mikula Forecasting Company: Strategy #17:Gartley Pattern 0.382 Failure

When the price falls back below the point C the pattern has failed and it is an indication that the stock price may collapse.

[arco]

Hi Peat

Interesting slant on Harmonic patterns.

IMO a pattern cant be a considered anywhere near a Gartley until it is properly formed.

This pattern is something else, however it did form a bullish BF towards the final few bars.

arco