Alexander_Nikitin
Ausbildung

gartley advanced formation

FX:NZDUSD   Neuseeländischer Dollar / US-Dollar
1697 views
111
1697 6
Gartley Advanced             formation

Tools:

*Fibonacci retracements (61.8% and 78.6%)

*Fibonacci extension (127.2%)

Timeframes:

*The Gartley Advanced             formation was originally designed as a swing trading strategy. But it also works on lower timeframes.

Tactics:

*Seek to identify 4 market moves and 3 major Fibonacci zones. The combination of these moves forms the points (X, A, B, C, D) that fulfill the formation.

Rules of engagement: Criteria 1

The Gartley Advanced             formation starts with a market movement/impulse leg that establishes our X and A points.

Once X and A points have been identified, we then look for our first criteria.

Criteria 1: The market forms the B completion point by fulfilling at least a 61.8% retracement of the XA leg.

Note: AB move remains valid as long as there is at least a 61.8% retracement of XA and that it does not touch the 78.6% retracement of XA. Only candlewick is calculated here. Candle close is not important.

Rules of engagement: Criteria 2

If criteria 1 has been met, then look for criteria 2.

Criteria 2: The market forms the C completion point by fulfilling at least a 61.8% retracement of the AB.

Note: BC             move remains valid as long as there is at least a 61.8% retracement of AB and that it does not touch the 88.6% retracement of AB. Only candlewick is calculated here. Candle close is not important.

Rules of engagement: Criteria 3

If criteria 1 and 2 have been met, then look for criteria 3.

Criteria 3: The market forms the D completion (entry point) by fulfilling a 127.2% extension of AB.

Note: D point never extends past X.

Trade management: Entry, stops & targets.

Entry: Limit order is placed at D completion point.

Target 1: 38.2% retracement of AD leg. When attained half of the position closes & stop moves to breakeven.

Target 2: 61.8% retracements of AD leg.

Stop placement: Stop always goes past X. Either 113% XA extension, or 1 ATR beyond X, or 1 to 1 measured distance to the first target.
Trade ist aktiv: the pattern was completed
Trade geschlossen: Ziel wurde erreicht: noth targets hit:)
This pattern was found by the MPS-5.2 pattern recognition software: https://goo.gl/viM3Ya

Black Friday is soon: http://ps-software.net/black-friday/

My Youtube channel: https://www.youtube.com/user/alexniquitos?sub_confirmation=1
WOW... nice one. Good call.
Antworten
@ProwdClown, yeah, it was fast:)
Antworten
ProwdClown Alexander_Nikitin
@Alexander_Nikitin, Always nice to see someone make a GREAT call and capitalize on a good trade. Keep em going...
Antworten
thanks alex,

i was in this trade
Antworten
Well done bro
Antworten
Great analysis, thanks
Antworten
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden