justatrader

Would this be the right Gartley??

FX:UK100   FTSE 100 index of UK listed shares
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
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
Nothing major, just minor adjustments (at least according to my system)
snapshot
+1 Reply
justatrader PRO themarketzone
Cool.. Thanks a lot..
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
Imo only 2 pattern is very meaningful
BUTTERFLY= TEST END OF TREND
BAT = TEST START OF TREND
Reply
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.
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