Hello guys ; )
I almost end my retakes exams (stupid financial engineering) and i back to tradin' a little bit
so eurusd 1 opportunity to long and next for short:
big bearish bat
AudUsd 4h: bearish gartley m15: ab=cd
NzdUsd 4h somthing like rgr i think.
Interactive Trading Setups Disscussion
And CD leg can't be shorter (in time) than AB.
Am I right?
If I have right, how much longer (in time) can be CD leg using fibo time zones? or maybe you using something else to measure it?
@xspojlerx could be that i was mentioning it in other thread, and not here. Strange.
Anyway, it's not that easy as you suggest above.
I analyse several timeframes in the time and price formulas, apply several Fibo filters and geometry patterns rules, measure price dynamics within swings, calculate multitimeframe price & time fracatals and compare them with the chart history, ...finally glue the results. Sounds complex, sorry, ...but actually it is complex. Spent 3 years on this and still I am right in around 50% of cases. But when I am right I am lucky to be very precise :-) so I can aim to spot the high timeframes turns with up to the 2-3 minutes precision. A lot of fun and work, but worth it.
And it is not due to the CD leg, since D was a fib 88.6 of XA which is OK, but has not met the AB fibex minimum requirement of 1.618 (max 2.24)...
What is it then?
Also, pls post an explanation / link for me for the "XABCD bullish diagonal pattern" I have no idea of what it is.
Last edited by lobogabor; 10-11-2013 at 12:39 AM.
@lobo: timeonic ... it's not only time analysis, it's also the price patterns, ones from here -> Market Geometry & Harmonic Patterns
Just to give you a couple of hints, check the B location ( 61.8% ), check the D location measured as extension from AB (127%), check D location comparing to XA (88.6%), check D location comparing to BC swing (127%), check the structure of CD swing and small XABCD diagonal pattern within it. Hard to find more harmonic pattern that this one ... but yes, books will not mention it.
You may also try to play with with Fibo time measurements combinations and/or Fischer analysis for the Time ratios.
Also also judge by by eyes if this pattern looks symetric and nice.
It's pure harmony ... for me.
Will it work always?! Of course not, ...but fine tuning the entry from lower TF and proper locating the pattern on the higher timeframes gives you extra edge. The rest what will be left is how our psyche stands it, ... but it's another topic.