04-19-2012, 06:09 PM #271
@kor4x - I hope you don't mind me asking - but in the M15 Gartley (bullish): will the level 1.03170 be a nice re-entry? Or not? I'm just trying to get how to trade this patterns more effectively and using MM to manage the trades... Maybe you could help me there or send me somewhere to read more about this.
04-19-2012, 06:20 PM #272
Anything can happen but here's how I see it. And I am ready for either scenario. Let's see what happens. Obviously, I prefer the RED options because a) I can surf the hourly channel all the way down to 250 and then wait for the Bu Gartley to materialize. b) And then ride the Gartley back up again. That would be best of both worlds :-)
Let me know what you guys think.
Last edited by duggils; 04-19-2012 at 06:24 PM.
04-19-2012, 06:21 PM #273
@silvergroupforex: yes, you may try to trade the small one on M15 as well. Depends how the price will reach the entry level.
Last edited by kor4x; 04-19-2012 at 06:31 PM.
04-19-2012, 06:24 PM #274
@duggils, wow! impressive, how do you come up with the number of zigzags, several moves ahead?
04-19-2012, 06:28 PM #275
@duggils - I see it at 1.03100 - 1.02950 level for the bounce on my MT4... Agree with the movement in red for the downward channel.
04-19-2012, 07:26 PM #276
nothing fancy. Just diagonal sup/res and channel surfing. Hope it plays out.
Went long with a small position at 323. Initila SL 310. It must close above 328 on M5 for chance to 358.
04-19-2012, 07:38 PM #277
Callout in the picture should read : "I plan to ride..."
Last edited by duggils; 04-19-2012 at 07:41 PM.
04-20-2012, 06:30 AM #278
Originally Posted by duggils
Nice job Duggils
04-20-2012, 02:00 PM #279
I was out of this trade before I went to bed last for +23.
It just hit my 358 target (however it did spike below 310 briefly overnight). Now, I am waiting for short signals near the upper TL. I hope to get a short entry today.
Initial target(if there is a short signal) 348 for stop adjustment. Then 335. Will probably close out at 335 because of weekend.
Based on these targets, whether I'll take the trade if it presents itself will depend on location where the signal is given at (360 ish minimum)
04-20-2012, 02:09 PM #280
do you fancy the H4 Bearish 121? I know it spiked up thru the PRZ, but if it gives me a strong short signal around 3225 to 3230 - I might take it. Will need to babysit the trade though because it violated the PRZ of 121.
What are your thoughts?