dojitrader
Short

Harmonics in Price and Time ?

FX:USDCAD   U.S. Dollar/Canadian Dollar
454 21 9
Will the market honor these ab=cd harmonics or . . . ?
Good Idea --- No Profit ~ Ugh !!! This trade hit the .786 entry for a Gartley but came up short of my "pretty" ab=cd at 1.0505. I tried to front run the order at 1.0498 thinking the big figure (1.0500) would be big resistance so of course, it came up short at 1.0496 on my platform. I'll keep an eye on this: perhaps another valid entry will present itself.
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Did you see there is a Gartley too, starting in the previous high, right? :-)
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You bet ~ I just published the abcd finish because it has been a sideways trend since July and I prefer a Gartley as a trend change possibility. However, this is a pretty Gartley, which has me worried, since it seems as though the pretty ones fail more often than the ugly ones.
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faifus dojitrader
ok, nice point of view! :-)
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Entered at 1.04700, cad has respected the abcd pattern before and I believe it will do it again, setting a 100 pip stop loss.
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I'm curious what was your trigger for the lower entry ?
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Masry dojitrader
Weekly mid channel resistance, Daily price was at the top of resistance trendline, 1.04747 is a strong S&R level, the Gartly pattern, stochastic overbought, I'm in profit for now but still can't figure out a TP.
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Very nice. Do you believe time should be 89 (equal) or maybe let's say1.61*89 days?
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I would look for a fib timing ratio... 1 > 1.272 > 1.414 > 1.618
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BitHermes QuantitativeExhaustion
agree! let's watch this
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