justatrader

Would this be the right Gartley??

FX:UK100   FTSE 100 Index
I haven't been much into Harmonics and was taking a look at the UK100             CFD             for FTSE100. Can those who trade Gartleys chip in with your thoughts here?

I have based this Gartley off the article here (http://www.goldenwire.com/419/gartley-pattern-trading-made-easy/) which seems to offer the most simplest and easiest explanation of the Gartley 222 pattern.

Targets are set to 61.8% of CD, 127% and the entire XA leg from the potential entry price.

Thoughts/comments appreciated
Wow.. now this is what I call 'beautiful'... A bit too early I know... But the DCC candle... hopefully another red candle now should give some kind of confirmation.
Reply
Imo only 2 pattern is very meaningful
BUTTERFLY= TEST END OF TREND
BAT = TEST START OF TREND
Reply
snapshot

firend, here is some some sample.
from first retracement 0.476
sqrt(0.476)=0.689
sqrt(0.689)= 0.83
1/0.476= 2.1
not convicing me too

I would derivate some numbers from firstretracement, before using
x=retrace ment ratio
sqrt(x) ,x^2,1/x.. or so
+1 Reply
Nothing major, just minor adjustments (at least according to my system)
snapshot
+1 Reply
justatrader PRO themarketzone
Cool.. Thanks a lot..
Reply
Yep it is a Gartley. Can be more accurate but you definitely got a setup there
+1 Reply
justatrader PRO themarketzone
What do you mean more accurate?? You refer to the perfect fib levels?? or something else that I missed? Thanks for the inputs..
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out