J_Graystone
Short

AUDUSD Bear Gartley @ 0.8153

FX:AUDUSD   Australian Dollar/U.S. Dollar
167 10 4
Good R:R on this Gartley if it completes up at 0.8153
Stops Above 0.8175
Good find J.G. you're certainly improving. Keep it up my friend
Reply
J_Graystone PRO Akil_Stokes
2 years ago
I have an awesome Mentor. I owe it to him! ;-)
Reply
caifu642
2 years ago
I'm also interested in your opinion if there is a pattern setting up in the AUD on the daily chart. I don't know the rules about retracement percentages etc., within the Gartley's, Bats or other patterns, but it sure looks it might be a bearish something. Your thoughts? Thanks! (I also think that at it's recent high, it's still within the expanding wedge/channel).
Reply
farik666
2 years ago
The most critical aspect of the Gartley is the B point retracement, which must be at a 0.618 of the XA leg.

I just cannot get it... whichever way I draw it.. the B leg is 10 pips higher than 0.618 ???
Is it still a valid Gartley??
Reply
J_Graystone PRO farik666
2 years ago
Farik, i think you may be either drawing the Fib Retracement incorrectly, or have the incorrect levels in your tool? the B Completion is definitely higher than the 618
Reply
farik666
2 years ago
snapshot


We cannot have incorrect levels in fib tools on tradingview.
That is what I am saying.. the B leg is 10 pips HIGHER than not AT 0.618... is this allowed?

The other thing is that, should we trade the D leg by 0.786 of XA or 1.272 of AB ??

Sorry if I'm loitering... just want to learn the right way and all the aspects..
Reply
J_Graystone PRO farik666
2 years ago
Farik, There is no wrong or right way to trade this pattern. It will all depend on your own rules and your backtesting. my rules state that the B leg MUST touch the 618 but not the 786. The D completion will be the 127 extension of the A to B leg. If the pattern is perfect, there ill be an equal AB=CD move and a 786 completion.
Reply
farik666 J_Graystone
2 years ago
thanks..much clearer now!
Reply
jorgealvarez PRO J_Graystone
2 years ago
is it still valid when when C closes beyond 88.6?
Reply
HKM666 J_Graystone
2 years ago
The apple doesn´t fall too far away from the tree!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out