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aeternum replied Oct 7, 2012I'm taking some time to start looking into Gartley patterns now. It seems pretty interesting because most of the time PA does indeed follow Gartley patterns.
My Learning Journey
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aeternum replied Oct 7, 2012I will be shorting and waiting to see if we can get to 38.2, 61.8 or 78.6 on the fib levels. I spent the last hour playing around my charts looking for gartley patterns, and you'll be surprised how many cool and amazingly coincidental things you can ...
EUR/AUD
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aeternum replied Oct 7, 2012I am with you on this. But I'm not very certain about the target. It does seem like it wants to continue going higher. If EU plunges, then all is well.
EUR/AUD
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aeternum replied Oct 7, 2012I doubt we will get to 1.313. We are not at a nice spot for reversal with trend line coming down from previous highs. Also we are somewhere inbetween the 61.8 and 78.6 retracement from the 1.317 to 1.28 move. 78.6 sits at 1.30927, that's the maximum ...
Elliott wave outlook
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aeternum replied Oct 7, 2012Yes, I understand that. I normally don't count on large timeframes for candle signals unless they become obvious, like what you mentioned. A bullish engulfing on a down trend, or a doji. I hope I am right and this starts going down to 1.273.
EURUSD
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aeternum replied Oct 7, 2012Appreciate the tips, thank you
I'm unsure if my wave counts are right. And I know it would be safer to only take one side of the trade, so go long if its a bullish wave, but I would like to practise and test myself to identify the smaller waves ...EURUSD
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aeternum replied Oct 7, 2012
That low? You're tempting me to short this instead of EURUSD. Edit: I just spotted a bearish divergence 
GBP/USD outlook
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aeternum replied Oct 7, 2012Totally agree with the last sentence. But sometimes I can't help it. Just want to watch my trade run so I can manually control it. I am trying to perfect my entry so I can have a tight SL and a bigger TP target. Hope you continue earning money and I ...
Chicky's Trading Method Viewer
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aeternum replied Oct 6, 2012Frankly, no one can predict anything. Trying to buy or sell based on what I see may not help either because anything can go anyway. It may have been bullish for the past 3 days, but once you enter, it may decide to retrace. As of now, it has been ...
EURUSD
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aeternum replied Oct 6, 2012Definitely helps. But I realised sometimes when price keeps banging against a certain level, its a 50-50 chance to either break and overshoot (I notice most of the times, as long as we just go 1 pip over the line, we will eventually break it), or ...
Chicky's Trading Method Viewer
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aeternum replied Oct 6, 2012Hi guys, I just drew fib levels on my charts and it would seem that this is the nearest we are getting to the 78.6 at 1.30927. We could perhaps still burst higher to get there. But if AB=CD were to hold true for the gartley pattern, then 1.272 of BC ...
EurAnalysis
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aeternum replied Oct 6, 2012I just drew a fib retracement for the move up from 1.28 to 1.307. I'm just going to try my luck at a gartley pattern here. With a AB=CD, the price retraced close to 78.6 of the move down from 1.317. 1.272 sits at 1.27306. If AB=CD and this were to ...
EURUSD
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aeternum replied Oct 6, 2012Did the same thing with EURUSD. Funny enough if I were to try my luck at a gartley pattern, it would seem coincidental that we are at a slight overshoot, somewhere inbetween 61.8 and 78.6 of the move down. And lying at 1.272 awaits 1.27306 which ...
My Learning Journey
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aeternum replied Oct 6, 2012I opened up GBPUSD and I see a possible retracement here down to 1.599 with a new fib level drawn from 1.54 lows to 1.63 highs. 1.599 sits at the 50% retracement level.
My Learning Journey
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aeternum replied Oct 6, 2012I drew a fibonacci retracement from the lows down at 1.54888 up to 1.63085. We are currently sitting around 23.6 retracement. Perhaps we would see 38.2 or 50 before heading back up?
GBP/USD outlook
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aeternum replied Oct 6, 2012Hi Chicky, glad you finally opened this up. I also noticed the first post
Just curious because you seem to only be scalping and taking trades based on major fib levels (but only their retracements) and PA. I'm not as experienced as you but lately ...Chicky's Trading Method Viewer
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aeternum replied Oct 6, 2012I believe USDCAD is on its way up now. COT for CAD is at 90% net long. There's a good long way for it to drop. Be patient I guess.
AUD/USD
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aeternum replied Oct 6, 2012Awesome, let's see if you're right
I see GBP going down too, but I'm not too sure how low it will go. I'm pretty sure 1.64 is coming though. 1.64 - 1.65.GBP/USD outlook
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aeternum replied Oct 6, 2012Pending Long NZDUSD @ 0.81751, TP1 @ 0.835 (BE to 0.825), TP2 @ 0.84639, going to wait for this to go lower to about 0.81272 instead. Pending Short GBPUSD @ 1.615, TP @ 1.6025, T/S every 25 pips, SL at 1.621 Pending Short EURAUD @ 1.281, TP @ 1.265, ...
My Learning Journey