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Andre_Cardoso
Mar 19, 2016 5:19 PM

The Butterfly Pattern // Educational ® Education

Euro Fx/U.S. DollarFXCM

Description

By LARRY PESAVENTO & LESLIE JOUFLAS

HISTORY OF THE BUTTERFLY PATTERN:

Bryce Gilmore

Bryce has spent a lifetime studying the works of the great masters—R.N. Elliott , W.D. Gann, and many others.
He developed the Wave Trader Program in 1988; it was the first computer program to use all the numbers of sacred geometry, including the Fibonacci summation series. This pioneering led to the discovery of the Butterfly pattern .

Almost two decades and thousands of Butterfly patterns later, it can be said that it is one of the most profitable trading patterns with the proper use of stop-loss orders.

Safe Trades;
Comments
ali.alhadab
Is there a way to save this for reference?
layyarx
Hi Trading_Jazz, whats the maximum retracement that is valid for AB leg from XA ? is anything over 78.6 still valid?
Alexander_Nikitin
nice description))
Rohan_Jas
Thanks for sharing.....
i have a few doubts about butterfly pattern in the past days. know it is clear......
thank you once again
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