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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
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Sods Law again
...............or the Revenge of the Butterflies
http://www.hi-beam.net/cgi-bin/ann.p...nn&showimages=
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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
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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
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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
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On another look it could be a wolf wave maybe
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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
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That's the one Xerof
WW worked on this one before so it may be worth a look.
Cheers
Slam
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