Pattern Looking for help on this. This is my first atemp at projecting reversals. Does it looks right?
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=60317&stc=1&thumb=1&d=1193251340
Thanks for responding. Sorry I didnt provide enough info the first time. I updated the chart with a question on reversal point.
Thanks for helping mehttp://www.forexfactory.com/images/smilies/yim/thumbsup.gif
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I've been watching alot of different pairs on the 1hr timeframe, and this AUD/CAD chart appears to have a Bearish GARTLEY pattern right now.
I was just watching the action in the reversal zone when I suddenly realized that I can't even trade this pair with my broker (OANDA)! DOH!
Oh well, it will be interesting to see how this plays out as the two wings have very good measurements but the time spacing is not that good.
http://img89.imageshack.us/img89/5899/audcadgartleyat3.gif
Looks like a nice BEARISH GARTLEY setup right now for the EUR/USD.
Keep a lookout for the reversal.
GL
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=60532&stc=1&thumb=1&d=1193309348
If it turns into a BAT pattern then, the first reversal zone should be between 200.17 to 196.56 (aprox.).
If it fails to reverse there, then the next reversal zone will be between 162.06 to 150.54. (Which would make it a crab pattern.)
Now, that's what I would call some serious long term position trading! Wow!
BAT
http://img522.imageshack.us/img522/9210/gbpjpyquestpart1pf0.gif
CRAB
http://img155.imageshack.us/img155/6451/gbpjpyquestpart2iz2.gif
I totally missed this one on GBP/CHF yesterday morning. I think I was still setting up my charts and had it zoomed out too far. Darn.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=60641&stc=1&thumb=1&d=1193330426
Oooooo, I've been salivating over this EUR/AUD chart for what seems like for ever! Come on baby just a little lower.... I haven't traded CRAB yet!
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=60646&stc=1&thumb=1&d=1193331578
Hey, check out the CHF/JPY chart.
Looks like a Bullish 5-0 pattern has formed inside a Bearish Gartley pattern that is still forming.
This effectively gives us a start zone and an end/reversal zone.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=60685&stc=1&thumb=1&d=1193345708
AUD/CAD 1hr chart has a fully formed BEARISH BUTTERFLY right now, also it has formed the first leg of a BEARISH 5-0 pattern. Watch for a reversal - She's in the zone.
Also that EUR/AUD CRAB I mentioned earlier has hit the reversal zone nicely.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=60830&stc=1&thumb=1&d=1193377078
Update on the CHF/JPY: Just pulled a conservative 47 pips off the 5-0 pattern to the Gartley reversal zone!
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=60847&stc=1&thumb=1&d=1193381003
I hate when it just bounces off the very bottom of the reversal zone and looks like it might turn. Take this NZDUSD example right now. Tough decision!
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=60882&stc=1&thumb=1&d=1193388283
Same thing with this EURJPY.
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Thanks Karmo.
I went to bed and woke up to see that the price has formed a perfect mini AB=CD (Bullish) from pretty much where I entered. Doesn't leave me alot of confidence but at least it didn't break above the high of the reversal zone range.
Also there may be a Bearish BAT for the AUD/NZD right now if anyone's interested. Although I would generally prefer the pattern to be better contained within the XA range.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=61042&stc=1&thumb=1&d=1193422179http://www.forexfactory.com/attachment.php?attachmentid=61043&stc=1&thumb=1&d=1193422194
http://www.forexfactory.com/attachment.php?attachmentid=61179&stc=1&thumb=1&d=1193508328
To top it all off, the NZDUSD was also a GARTLEY pattern! Can you believe that?!
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=61426&stc=1&thumb=1&d=1193641820
Geez, that nzdusd is really pissing me off! Blew right through the rev.zone for the W.W. and now the crab isn't looking so hot...
The EURJPY I posted earlier looks like its in the zone now.
Here are some other possible setups I see as well.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=61404&stc=1&thumb=1&d=1193638434http://www.forexfactory.com/attachment.php?attachmentid=61405&stc=1&thumb=1&d=1193638445http://www.forexfactory.com/attachment.php?attachmentid=61406&stc=1&thumb=1&d=1193638455http://www.forexfactory.com/attachment.php?attachmentid=61407&stc=1&thumb=1&d=1193638465
Shoot! I slept through an alarm for a great entry!
Check out the price action in the zone... Now that's what we want to see baby!
(In hind site, I think maybe I should have set my alarm for a lower price level anyway, given the action that happened.)
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=61521&stc=1&thumb=1&d=1193663007
That's great Karmo! I don't look at charts longer then an hour anymore, too much on my plate already. Also I prefer the short trade period if possible. GL man!
At least it's helping my cursed NZDUSD trade!
Looks like another possible setup right now with GBPJPY....
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=61529&stc=1&thumb=1&d=1193664659
This one looks interesting. It blew through the first possible zone for a BUTTERFLY pattern and now it looks like the "last chance" BUTTERFLY zone might be providing some resistance. Best to at least wait for a Bear candle before making a decision I think.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=61535&stc=1&thumb=1&d=1193666155
dammit! Why do I always wait 'til AFTER to check these things?!!
Looks like that GBPJPY might be on it's way to complete #5 point on a Wolfe Wave.http://www.forexfactory.com/images/smilies/yim/angry.gif
Unless the price breaking through the 2-4 trendline invalidates it? I don't know.... If anybody is knowledgeable on WWs, I would appreciate your opinion. Thanks.
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GJ bearish pattern
http://img229.imageshack.us/img229/7349/gjko5.gif
can someone tell me is it a complete hamonic pattern or what..how bout the fibo ratios..tq!!
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ps::
take a look at this short term setup how price action seems to obey the fibo parameter this is worth some pips up and down gl
eu 4hAttached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=64228&stc=1&d=1194423042
this is the fibonnacci parameter of swissy harmonic pattern .
. price test .214* area before .382*
. day chart
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http://bp0.blogger.com/_soa35Q8-2NA/R32mkhZ_jhI/AAAAAAAAAFY/bi9zV_VXuh8/s1600/1.43.paint.eg.GIF
[ 本帖最后由 hefeiddd 于 2008-5-26 12:58 编辑 ]
AttachmentDate AddedSizeViewshttp://www.forexfactory.com/images/attach/gif.gif 1.57chf.gif Dec 12, 2007 11:10pm 5.2 KB 26 http://www.forexfactory.com/images/attach/gif.gif 3.eu.bfy1.gif Nov 7, 2007 3:10am 4.5 KB 563 http://www.forexfactory.com/images/attach/gif.gif terkini.gif Nov 1, 2007 6:42am 26.8 KB 49 http://www.forexfactory.com/images/attach/gif.gif possible WW.GIF Oct 29, 2007 11:01am 44.6 KB 53 http://www.forexfactory.com/images/attach/gif.gif last chance BUTTERFLY EURCHF..gif Oct 29, 2007 9:55am 18.8 KB 37 http://www.forexfactory.com/images/attach/gif.gif Bearish BUTTERFLY GBPJPY.GIF Oct 29, 2007 9:30am 21.8 KB 47 http://www.forexfactory.com/images/attach/gif.gif amazing price action USDCHF...gif Oct 29, 2007 9:03am 49.7 KB 42 http://www.forexfactory.com/images/attach/gif.gif Bearish GARTLEY CRAB WW NZDU..gif Oct 29, 2007 3:10am 56.7 KB 33 http://www.forexfactory.com/images/attach/gif.gif Bullish BAT USDCHF.GIF Oct 29, 2007 2:14am 18.4 KB 24 http://www.forexfactory.com/images/attach/gif.gif Bearish GARTLEY AUDJPY.GIF Oct 29, 2007 2:14am 17.5 KB 26 http://www.forexfactory.com/images/attach/gif.gif Bearish BUTTERFLY EURCHF.GIF Oct 29, 2007 2:14am 16.6 KB 25 http://www.forexfactory.com/images/attach/gif.gif Bearish BUTTERFLY AUDCAD.GIF Oct 29, 2007 2:13am 15.7 KB 23 http://www.forexfactory.com/images/attach/gif.gif Wolfe Wave NZDUSD.GIF Oct 27, 2007 2:05pm 47.7 KB 50 http://www.forexfactory.com/images/attach/gif.gif AUDNZD Bat.GIF Oct 26, 2007 2:09pm 16.3 KB 25 http://www.forexfactory.com/images/attach/gif.gif nzdusd.GIF Oct 26, 2007 2:09pm 9.6 KB 24 http://www.forexfactory.com/images/attach/gif.gif tough call Gartley EURJPY.GI..gif Oct 26, 2007 5:04am 16.5 KB 28 http://www.forexfactory.com/images/attach/gif.gif possible Bearish CRAB NZDUSD..gif Oct 26, 2007 4:44am 12.9 KB 26 http://www.forexfactory.com/images/attach/gif.gif 5-0 inside Gartley CHFJPY up..gif Oct 26, 2007 2:43am 14.9 KB 23 http://www.forexfactory.com/images/attach/gif.gif Butterfly and 5-0 AUDCAD.GIF Oct 26, 2007 1:37am 16.8 KB 25 http://www.forexfactory.com/images/attach/gif.gif 5-0 inside Gartley CHFJPY.GI..gif Oct 25, 2007 4:55pm 25.9 KB 27 http://www.forexfactory.com/images/attach/gif.gif euraud CRAB.GIF Oct 25, 2007 12:59pm 18.6 KB 32 http://www.forexfactory.com/images/attach/gif.gif butterfly gbpchf.GIF Oct 25, 2007 12:40pm 23.0 KB 26 http://www.forexfactory.com/images/attach/gif.gif eurusd GARTLEY.GIF Oct 25, 2007 6:49am 19.5 KB 29 http://www.forexfactory.com/images/attach/gif.gif pattern 2.gif Oct 24, 2007 6:40pm 25.1 KB 37 http://www.forexfactory.com/images/attach/gif.gif pattern 1.gif Oct 24, 2007 2:42pm 21.5 KB 41 http://www.forexfactory.com/images/attach/gif.gif gbpchf4hr.gif Dec 14, 2006 8:49pm 18.9 KB 1379 http://www.forexfactory.com/images/attach/gif.gif nzdchf30min.gif Dec 11, 2006 6:22pm 18.6 KB 1429 http://www.forexfactory.com/images/attach/gif.gif auddaily.gif Dec 10, 2006 8:19am 21.6 KB 1544 http://www.forexfactory.com/images/attach/gif.gif usdsgdweekly.gif Dec 10, 2006 8:02am 16.8 KB 3344 http://www.forexfactory.com/images/attach/gif.gif eurweekly.gif Dec 9, 2006 7:43pm 21.5 KB 3391 http://www.forexfactory.com/images/attach/gif.gif silverdaily.gif Dec 9, 2006 2:16pm 21.6 KB 3444 http://www.forexfactory.com/images/attach/gif.gif silverweekly.gif Dec 9, 2006 2:06pm 18.3 KB 3477 http://www.forexfactory.com/images/attach/mq4.gif Harmonic ZUP_v20.mq4 Nov 23, 2006 7:47pm 54.8 KB 929 http://www.forexfactory.com/images/attach/mq4.gif Harmonic 0_Harmony_06.mq4 Nov 23, 2006 7:07pm 15.3 KB 611
Monthly Trendline Here's a chart showing the monthly chart, I've drawn 2 trendlines that shows us a nice channel, this past week price got very close to the lower trendline and it bounced back up. I have also drawn a monthly fibo retracement, we will have to wait until the end of the month and see where we close, but you get an idea of where the monthly fibo levels are
http://img149.imageshack.us/img149/5391/monthlynx1.gif
Weekly chart Monthly = Green fibo levels
Weekly = Blue fibo levels
Looking at the weekly chart now, we can see the price opened the past week just below the 23.6% fibo and went through the 38.2%, 50% and touched the 61.8% but it came back and closed just above the 50%. Plus you can see the 23.6% monthly fibo and the weekly 50% fibo are very close to each other, this should be a good support level. The candle has broken and closed below the weekly lower trendline.
http://img441.imageshack.us/img441/6870/weeklyfp7.gif
Daily chart Daily = Pink fibo levels
If you look closely, you can see how the price went to the next daily fibo level after it broke and closed well below a level. we had a full retracement on the daily chart this past week. The last candle we have on the daily is a hammer/pin-bar/doji, whatever you want to call it.., price tried to break the weekly fibo's but it failed and it closed just above the 50%. To me this indicates that price will go up to the 231-232 area to test the fibonacci levels we have there.. we'll know next week http://www.forexfactory.com/images/smilies/yim/winking.gif
http://img250.imageshack.us/img250/6053/dailyhh8.gif
4H chart 4H = Black fibo levels
Don't get confused with all the colorful lines, if you are then open up your chart and just plot 1 fibo at a time and look how price bounced off the fibo levels.
I drew this fibo retracement level after I saw it not being able to test the low again, we can see how the price went and tested the 23.6% the first time and failed, but it broke it the 2nd attempt and went straight to the 38.2%, where it was rejected and came back to the 23.6%, It is going to test the 38.2% another time.. next week. We are also in a small downtrend channel.
http://img515.imageshack.us/img515/2043/4hzm3.gif
Charts for Monday's trading This is how I have set up my charts for Monday's trading, these fibo levels are valid unless we make a new low but I doubt it.
Daily:
http://img254.imageshack.us/img254/5053/gjeg2.gif
4H:
http://img154.imageshack.us/img154/2605/gjea6.gif
Now here's both fib's on the same chart.. both fib levels show us how much will price retrace before resuming downtrends, if price breaks 61.8% fib level and closes above it, then the trend might be changing.. for now it's down
http://img124.imageshack.us/img124/4522/gjvb0.gif
GBPUSD Weekly Daily 4H ">http://img59.imageshack.us/img59/4713/gpbusdweeklyeb0.gif
">http://img235.imageshack.us/img235/1061/gpbusddailycl0.gif
">http://img402.imageshack.us/img402/4494/gpbusd4hqb7.gif