Thread: Interactive Trading Setups Disscussion

Gartley Pattern bearish on Eur/Jpy 5 min before the FED..



Regards

Last high with R.S.I Bamm by scott carney.



Regards

Originally Posted by adrix12

Last high with R.S.I Bamm by scott carney.
Regards

Hi adrix12, can you clarify RSI Bamm of Carney for me? My understanding of that is definitely different, i.e. The RSI divergence should be between X-D point of the 5 point patterns.
His style of writing is so difficult to understand, that I still could not figure out, since it is not X he is using for the start of the RSI BAMM, but some trigger or other candle following X with RSI level restriction...and this compared to D level RSI...
I see your unerstanding is different... please explain your unrestanding of Carneys RSI Bamm, if possible with drawing it...
Tnx.

Originally Posted by abdelaziz46

Hopefully I didn't take it

Regards

I unfortunately did ... learnings: do not trade before market open unless it is in your plan, and do not trade before news about GB data - definitely GBP pairs.
Not a big deal, but a fee for training reinforcement of my rules, which I did not follow. I got it back on other ones today before the 19 oclock (GMT) FED speach, anyway better to trade the winners than fighting the losers back.

Originally Posted by lobogabor

Hi adrix12, can you clarify RSI Bamm of Carney for me? My understanding of that is definitely different, i.e. The RSI divergence should be between X-D point of the 5 point patterns.
His style of writing is so difficult to understand, that I still could not figure out, since it is not X he is using for the start of the RSI BAMM, but some trigger or other candle following X with RSI level restriction...and this compared to D level RSI...
I see your unerstanding is different... please explain your unrestanding of Carneys RSI Bamm, if possible with drawing it...
Tnx.

Hi Lobogabor,

Yes you're right for divergence between X and D but you can too use for have a first confirmation, if RSI failed at 50 ( don't break ), there will a last high ( in this exemple ).

for the classic R.S.I Bam like you told me, it's very rare to have X and D above level 70 ( own experience ).

Originally Posted by adrix12

Hi Lobogabor,

Yes you're right for divergence between X and D but you can too use for have a first confirmation, if RSI failed at 50 ( don't break ), there will a last high ( in this exemple ).

for the classic R.S.I Bam like you told me, it's very rare to have X and D above level 70 ( own experience ).

Tnx, but sorry, I still do not understand... it has broken several times the RSI 50 level...so pls...when you have time, make a dwg with explanation, if you dont mind.
If too much trouble, forget it!
I still try to understand the RSI Bamm, since Carney wrote about that as sthg like the super high probabilty trade. My guess would be something like the pattern rather fitting a channel, but I dunno.
Tnx anyway.

Originally Posted by lobogabor

Tnx, but sorry, I still do not understand... it has broken several times the RSI 50 level...so pls...when you have time, make a dwg with explanation, if you dont mind.
If too much trouble, forget it!
Tnx anyway.

My apologise i'm in front of Champion League of football in same time..

If I have a good memory about this Pdf, i think it explain that you draw a little canal bearish ( in this exemple ) until that you have a UT candelstick higher break 50 RSI. if it's not, there wil have a last high (or double bottom ) ..

I'll try to make it a tutorial one day when I will have more time.

Regards

Originally Posted by adrix12

My apologise i'm in front of Champion League of football in same time..

If I have a good memory about this Pdf, i think it explain that you draw a little canal bearish ( in this exemple ) until that you have a UT candelstick higher break 50 RSI. if it's not, there wil have a last high (or double bottom ) ..

I'll try to make it a tutorial one day when I will have more time.

Regards

Tnx a lot!