GBPUSD H1 BUTTERFLY

EURJPY H1 GARTLEY

EURUSD H1 OXABC

AUDUSD M 30 BAT

Leonardo Fibonacci / Retracements

Pre-Release / Testing Phase

Fibonacci retracements will be added for next release of KorHarmony indicator, allowing custom alert with them also if user prefers;

- 38.2%

- 50 %

- 61.8% 

- 78.6 %

- 86.2%

With Wave Theory as most simple approach with them, they are used as follows;

Support; 

38.2% = A Wave

50 % = B Wave and C Wave

61.8% = C Waves and W2 Waves

78.6% = Maximum for W2 Waves

86.2% = 21 Different Flats + B waves

For resistance all as inverse.

Additionally they are added also for upcoming Pattern MornitorTable

EURJPY M15 chart

I was short on EURJPY until this morning. Up about 530 AM EST, a Bull Gartley had formed on M15, M30, and H charts. I hastily closed my positions and waited for a reversal candle. I entered on the first DOJI- wrong answer as it continued down another 60 pips or so. From the initieal completion of the pattern to point of reversal seemed to take about 4 hours to play out.

Pre-Release Testing; Next Generation Pattern Signal Monitor System

USDCAD M 15 BAT

USDJPY 4H 0XABC

USDCHF H1 GARTLEY

EURUSD M30 GARTLEY

EURUSD M 15 GARTLEY

EURGBP 4H BUTTERFLY

'Call' on Eur/Usd

Hi,

the time has come to call on the E/U Gartley. According to common sense we might want to close our 300 point gain, however if we instead take the time to look at the chart we'll see that the price movement gave us a new minimum.

The red trendline present on the screen indicates the spot where first profits should be taken. Nevertheless this opportunity might be used, to open new contracts and ride the trend until the very end. I do not reccomend this type of trading to neither rookies taking their first steps in the market nor people who are not fully familiar with Technical Analysis.

As it is 00.11 and I have to get up to work in 6 hrs I'll try to be back here on another occasion to talk a bit about setting up a strategy. The official strategy to korHarmonics will probably be a totally different peace of information, however this is a blog, and I can write whatever I want ;-D

Peace

EURGBP 4H BUTTERFLY

EURUSD 1H 0XABC

USDCAD4H OXABC

EURJPY4H ABCD / GARTLEY

AUDUSD4H GARTLEY

EUR/USD 1h/4h Gartley

Hello,

my name is Kaskadermajk and I am a trader. I've been helping out KorHarmonics Team with some translations and ideas for some time now. I'm not an economy scholar however Forex is my Hobby Horse. This is my first post, and hopefully there will be more.

Using korHarmonics I've spotted a Gartley on the Eur/Usd chart. Although the formation is to be confirmed there are a few 'for' and 'against' worth mentioning.
Firstly, the Gartley showed up in an ideal spot, that is at the end of Wave 5. Seccondly, the pattern has a nearly ideal structure containing a smaller Gartley within the larger one. Thirdly, Wave C (not included in the picture, marked with rectangle) almost reaches 23.6% of the Fibonacci Retracement. The final signal is the long black candle at the end of the Gartley.
Speaking against the formation is the fact, that within such a vast decline of the Eur/Usd a corrective move would have been expected to be larger. The price gap which has formed at the beggining of the week also points out to the growth potential of the market. Forex has shown numerous times, that it is prone, to close any gaps occuring between Friday and Monday which actually speaks for the formation.
As always, time will tell. I hope to receive comments from you guys regarding my analysis, and any constructive oppinions will be most welcome.
Until next time.

Kaskadermajk

EURUSD M15 BAT

EURUSD M15 BUTTERFLY / BAT

Almost a "No Brainer" GBPUSD M15 Bat

I happened across this pattern yesterday afternoon on the GBPUSD.

A Bat Bearish pattern on the M15 chart- Eureka! I used a 40 pip stop loss to be outside the PRZ by about 15 pips, set my target 1 pip above the V, and let it run. (I found out the hard way that 15 pips outside the PRZ is sometimes not sufficient as on the CHFJPY M30 bullish pattern- 30 pips below the PRZ would of kept me from getting stopped out.)

(This was a virtual trade.)












This morning I found I had hit my target and it continued to go down to the about the bottom of the pattern or another 60 pips below where I exited.

USDJPY 4H BERISH CRAB

EURUSD M15 BUTTREFLY

GBPUSD 4H 0XABC BERISH

GBPJPY 4H ABCD

EURUSD H1 AB=CD / BAT

EURUSD 1H