Tuesday, November 30, 2010

EURUSD M1 butterfly

audusd gartley

will have to re-draw the 15m if a new 'c' forms...
longer term we have XA1.27=ABCD plus a 2.0BC (though this is secondary) all around .9500

Monday, November 29, 2010

cadjpy gartleys

two alternative counts, not mutually exclusive
the bullish gartley has the confluence of the larger ABCD=abcd=.786XA


might be too early to call but just to keep an eye on...the B point is from the previous gartley called on the 24th...

Sunday, November 28, 2010


Friday, November 26, 2010

usdchf gartley

larger gartley on the daily,
and a butterfly on smaller frames
with confluences 1.0035-45


a case for a gartely can be made, but I was looking at this more from abcd viewpoint close to prior pivot support...

Thursday, November 25, 2010

chfjpy gartley

it's a bit early to put up, and a lower c ending point for the gartley would would help the confluence but we have a bearish reciprocal ABCD arriving at .786XA, and if c stays here then some extra confluence provided from the gartley formation

Wednesday, November 24, 2010

audnzd gartley

the ab=cd is quite close to X, and above .886XA but has corrective 1.27ABCD to keep it company
if double top works then will be a great risk-reward play

audjpy gartley

abcd of the gartley comes in just above .618XA

there is also a corrective ABCD outside the gartley


ABCD = .5XA = .618abcd which is a nice fib cluster


prefer to wait for gartley ab=cd = 1.27ABCD = .618XA

prefer to sell around 82.10

gbpusd BAT & 3 drives

the 3 drives doesn't quite match 1.27 and may not be in the best position....
the BAT has an extended 1.27ABCD and C has it's own abcd all at .886XA

catching the falling knife...

nzdusd gartley 4H

maybe a bit early but worth keeping an eye on...

audusd 5-0

battle of 3 drives versus the 5-0?

Tuesday, November 23, 2010

audusd 3 drives

i think...

Monday, November 22, 2010

eurjpy gartley + ABCD

gartley ab=cd & 2.0bc conflucing at .886XA
there is also a bigger AB=CD pattern forming at slightly higher than .886XA
downtrend resistance under X

there is a potential butterfly formation but fib confluence isn't as appealing

Thursday, November 18, 2010

chfjpy gartley

with the trend

eurusd bat

small abcd within bigger ABCD,
prz as marked

audusd gartley

anzac's mirroring each other...?

nzdusd gartley

current trade at breakeven & tp1 done.
this new formation has me bringing my original tp's down to the new ABCD

two prz's
1, abcd @ .786XA & 1.618BC

2, my preferred, 1.27ABCD @ .886XA, C is .618 of AB so expect 1.618AB also @ .886XA, 2.0BC @ .886XA

plus prior S/R

usdjpy 15m

usual slow asian corrective session...
prz includes

Wednesday, November 17, 2010

gbpjpy ABCD

just missed the ABCD 100%, and a test & failure @.786 BC, then a re-test, through, but failed at ABCD

nzdusd gartley

on smaller time frame is a butterfly/crab pattern which looks to be completed just before the small XA1.618 which is also .618 of large XA, and ABCD

gbpusd BAT

I'm going to wait a little bit....

*the ABCD looks like it has the potential and should extend
(due to the extreme range bar in the middle of CD),

1) C = .618AB, so expect D=1.618AB
2) .886 XA
3) 1.27ABCD
4) 2.0 BC just sits outside the Bat PRZ
5) prior S&R

nice rising trend line looks like it will provide good support for the moment

Tuesday, November 16, 2010

gartley GBPUSD

EURUSD emerging 121 pattern

time for correction? what is your thinking?

EURUSD gartley bearish

EURUSD gartley pattern

missed nice entry

Monday, November 15, 2010

usdchf gartley

ab=cd @ XA .786ish

EURUSD 121 pattern

...entry based on 121

...and exit based on butterfly

EURUSD crab + gartley

EURUSD emerging gartley

how about another EU rally?

audusd bfly

with the bearish gartley unable to complete, potential b-fly forming on smaller time frame with AB=CD @ 1.27XA which also = .786XA of prior rally

audusd gartley

with the trend,

Saturday, November 13, 2010


Thursday, November 11, 2010

nzdjpy bat

as it is against the trend I wasn't keen to sell this, however, with the potential double top failure, it now looks more attractive, plus the original price action from the peak, appears to replicate the original gartley pattern and rules, let's see...

eurgbp gartley

with the trend,
ABCD @ .886XA

audnzd gartley

a bit early to post but if we see audnzd higher over the next few days then this formation looks interesting

audusd bfly

Depending on if your learning comes from the Pesavento or Carney (perfect fibs) school of thought there seems to be some confluence on the audusd.

I'm not sure if i'm çurve fitting price action here on the audusd daily.The adjustment of the B point to fit a butterfly takes poetic licence. We have some confluence with 1.618XA & 1.27ABCD

On the hourly's we have almost a mini mirror pattern of the daily's, again with the poetic licence on the B point. The fib cluster at XA 1.618 and 1.27ABCD is much tighter.

As Carney says a butterfly should only be 1.27XA, but 1.618XA then we crunch through the crab calc's and end up with the similar daily and hourly patterns mirroring each other. The dailys have minimal confluence points so I'm not worrying about them too much.

The hourly's show a nicer fib confluence, but even that isn't enough to sell into a rally. However now that we have have a dip, is a short audusd position worthy of consideration while the 1.618XA holds?

Tuesday, November 9, 2010


interesting to watch reaction on horizontal support levels which fits with fibs - 38.2 and 50 and also with butterfly for potential longs

could this stop GOLD?

Emerging USD JPY butterfly

Will try som longs on 127 and/ or 161 extension , hourly