GBP/JPY Harmonic patterns on 1 minute chart

FX:GBPJPY   British Pound/Japanese Yen
Smaller time frames are full of noise :)

Or maybe not?
Most of these are not harmonic patterns if that is what you are trying to draw but can appreciate your effort. They should have fib ratios to tell if they are invalid or not but from my eyes most of them look invalid. Try watching these videos as they might help: http://www.fxgroundworks.com/gartley-pattern/ But you should probably focus on larger rvr trades.
-1 Reply
Jurij ScottWhite
Those are all valid harmonic patterns. The thing is that I drew some triangles not based on ratios but on price reversal points, but they are still valid... They are invalidated only if some specific point is exceeded, for example the X point of a Bat etc... So my drawings are not accurate but the patterns still are :)

NOTE: my SL is always placed a few pips above the X point so some setups are invalidated but still make profit.
These are NOT valid. The b point of a gartley has to be a 0.618. They don't even come close. lolol
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder 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 Account and Billing Sign Out