Results 1 to 5 of 5

Thread: How to trade Butterfly pattern successfully

  1. #1
    Administrator
    Join Date
    Oct 2011
    Posts
    289

    How to trade Butterfly pattern successfully

    Butterfly pattern definition
    Butterfly pattern was discovered by Bryce Gilmore. Together with Gartley pattern Butterfly offers high probability change in market direction. Therefore really worth to study.


  2. #2
    Administrator
    Join Date
    Oct 2011
    Posts
    289
    Butterfly pattern & Elliott Wave Theory
    Pattern fits perfectly into Elliott Wave Theory. CD swing would be labeled as Elliott's impulse wave5. Both harmonic and Elliott traders try to catch the end of the trend.



  3. #3
    Senior Member
    Join Date
    Oct 2011
    Posts
    156
    Here You have the live butterfly example, took on GBPUSD (using AMPindicator):


  4. #4
    Junior Member
    Join Date
    Sep 2014
    Posts
    29
    In my opinion point A should be the beginning of Wave 5.Not point C.
    XA=Wave 4
    ABCD = Wave 5

    Reagards
    X.

  5. #5
    Wizard
    Join Date
    Oct 2011
    Location
    A, A
    Posts
    2,573
    Quote Originally Posted by Xander View Post
    In my opinion point A should be the beginning of Wave 5.Not point C.
    XA=Wave 4
    ABCD = Wave 5

    Reagards
    X.
    yes, it's also an option, I agree. Less common, but possible.
    Harmonics Tube - daily trading setups based on harmonic patterns
    Forex Harmonic Trading - Harmonic trading practical tips, tricks and hints
    AMPmonitor - harmonic and price patterns recognition Scanner that I use
    TradingArsenal Quiz project - best edu material regarding the Harmonic Patterns Trading

Similar Threads

  1. How to trade Triangle pattern successfully
    By Admin in forum Triangles
    Replies: 3
    Last Post: 09-04-2017, 07:03 AM
  2. How to trade ABCD pattern successfully
    By Admin in forum ABCD pattern
    Replies: 27
    Last Post: 05-03-2014, 04:51 PM
  3. Butterfly pattern and the trade management techniques
    By Admin in forum Butterfly pattern
    Replies: 0
    Last Post: 02-07-2012, 04:35 PM
  4. Butterfly pattern: Trade Identification
    By Admin in forum Butterfly pattern
    Replies: 0
    Last Post: 02-07-2012, 03:49 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41