Gartley/Butterfly patterns

[peat]

Arco

If the D point of a butterfly goes below 1.618 of XA does this invalidate it from your perspective?

[arco]

Arco

If the D point of a butterfly goes below 1.618 of XA does this invalidate it from your perspective?

Hi Peat

Not necessarily, although ideally a BF should complete around 161.8

If there is an overshoot I keep in mind the existing formation I have considered, but also look to see if there are any alternative X points or other harmonic set-ups that may be in play in various time-frames.

e.g. Swissy could currently have an X at Oct 30 (as well as 4 Dec) and be forming a longer time frame Gartley.

So I keep both potential patterns in mind but await a reversal confirmation signal before considering any entry.

rgds - arco

[peat]

CMC Markets offering a free webinar on the butterfly !!

I will be winging myself to Oz so wont be online. If you didnt get the email maybe check their website.

[arco]

CMC Markets offering a free webinar on the butterfly !!

If you didnt get the email maybe check their website.

What!!!!!!
I cant believe it - they've not even asked me to give a speech

Its the end for the Butterfly as we know it.

[peat]

I'm sure we could organise a time for you to give a presentation on the butterfly arco and would bet we'd get a few takers too

theoretically butterfly's are just another shape but i rarely seem to find them and the lack of a clear stop point makes them somehow less tradeable to me.

I'm actually a bit miffed that I cant make this presentation. anyone going to listen in ?

[arco]

I'm sure we could organise a time for you to give a presentation on the butterfly arco and would bet we'd get a few takers too

theoretically butterfly's are just another shape but i rarely seem to find them and the lack of a clear stop point makes them somehow less tradeable to me.

I'm actually a bit miffed that I cant make this presentation. anyone going to listen in ?

Peat I will try, but I cant find any link here

http://www.cmcmarkets.co.nz/en/conte...tion/index.jsp

....................where to book the webinar?

[peat]

Try here arco
https://www.cmcmarkets.com.au/en/con...rn/webinars.do

and I will flick you the email too as it has a event number and password.

I'm a bit worried that it will be a lot of marketing hype for you to wade through so no worries if its too much effort.

[arco]

Peat

I've never heard of the presenter, so he's not a famous 'Butterfly' expert.

Googled Ric Spooner, there are links, but all back to CMC

eg

http://www.cmcmembers.com.au/traders...806/page13.pdf

http://www.cmcmembers.com.au/traders...806/page15.pdf

I'll do my best to watch, and take snags if possible. However, I dont expect to hear anything that is not known already.

[peat]

ok thx

be back on Tuesday.... all possies closed , was quite surprised that USD/CHF came back and took the remiaining third out. Only got +40

[arco]

Peat

I've never heard of the presenter, so he's not a famous 'Butterfly' expert.

Googled Ric Spooner, there are links, but all back to CMC

eg

http://www.cmcmembers.com.au/traders...806/page13.pdf

http://www.cmcmembers.com.au/traders...806/page15.pdf

I'll do my best to watch, and take snags if possible. However, I dont expect to hear anything that is not known already.

Peat

I listened through the whole session......in fact I was the only attendee

Nothing new. I could have given a better presentation myself.

Entry suggested after break back through X or B or on a pre-chosen horizontal trend-line that has multiple s/r points.

You can re-view the webinar by contacting

education@cmcmarkets.com.au

rgds - arco