tntsunrise
Long

spx500 Bullish Gartley and Bearish Bat Combo!

FX:SPX500   S&P 500 Index
8424 views
165
8424 13
spx500 Bullish Gartley and Bearish Bat Combo!

blue is a bullish gartley pattern and just completed
we can buy spx now

TP1: 2850 TP2: 2890 TP3: 2930
then we can take all long profit and ready to sell
wehn yellow bat complete
Trade closed: stop reached: SL Hit at 2796
Jack's Trading System:
http://www.harmonicasia.com/index/course.html
http://www.youtube.com/projack

微信助手:jackedu007 (添加信息 JACK院长)
Good call. How many followers lost as a result. You should not be allowed to post any more.

There should be a system on this site to determine positive or negative of the posters forecast. Demotion for bad analysis.
+8 Reply
earthling TheRegulator
@TheRegulator, TA is about probabilities. Just because the market went the other way does not make the TA wrong or bad. Any experienced trader knows. This is how TA works- probabilities. This was good TA, because he followed it, and posted a stop loss and got out of the trade when it went the other way. The stop loss was clearly visible on the chart for all to see ahead of time.
Lots of TA probabilities fail, because there is no 100% correct indicator or trading pattern. If any trader could be right 100% of the time they would quickly be the richest person in the world, and quite famous.
In fact, if you look further, you will see that the trade almost got to the first take profit... but sometimes dramatic news can throw a pattern off.

PS. Anyone is allowed to post here. To suggest otherwise does not make sense. This way we can all follow who we want. You could start your own website where you control who does and doesn't post if you want to.
+3 Reply
Mr.Js TheRegulator
@TheRegulator, you should be not in forex industry if you have this bad mindset. Just go.
+1 Reply
SL hit i guess?
+1 Reply
Hi Tntsunrise,

Do you still thing the Gartley pattern is gonna complete TP1, TP2 or TP3?

I am asking because of all the sideways movement; it is too much to complete the Gartley or the bat in my opinion. I actually took the trade, and closed it today because of all the sideways movement. I took a very small profit on it.

I am asking because I want to make a short position on S&P 500, for a move that I think might be a recession.

Also the Gartley pattern went on from your report, and first completed at 2805. According to Bulkowski, the last move in the Gartley pattern can only be 161,8% of the second last move (in price change that is) http://thepatternsite.com/GartleyBull.html, since it finished at 2805 this patterns CD side is more like 170% of the BC side, too much for even Bulkowski’s loose definitions.

Anyway, do you think the pattern still holds up with the move to 2805 before completing, and all the sideways movement at this point?

Hope for an answer.

Best regards,
MPete30
+6 Reply
MPete30 MPete30
@MPete30, OK, I went short at 2830.
Reply
Thanks, Master agree with your idea
+2 Reply
Thank you for sharing.agree with your opinion

Reply
Nice chart
Reply
Thank you Jack, but I think it’s kinda early to long, 2780 is a better area to enter
+6 Reply
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