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Tuesday, July 10, 2007

A butterfly Gartley pattern in 4 Hr Timeframe

The pattern occurs at the MML +1/8 which is a good zone for reversal to occur but watching the GMMA; the long term GMMA have spread indicating long term investor are in control which can keep forcing the price up till the short term GMMA start closing and start crossing back and we have to look for a candlestick pattern for reversal and other indicator for comfirmation. let keep watch.

A perfect Gartley pattern setup



The Gartley bat pattern in 1hr time frame setup that occurs yesterday , the price later reverse at the PRZ and our entry point were when the the Short term GMMA in Red finally cross over the Long term GMMA with the Juice confirming the increase in volatility, when the juice turn green and above an average at the line 12.

Monday, July 09, 2007

Gartley bat pattern

This is 1hr time frame of a bat pattern with the PRZ (Price Reversal Zone) at the Murray Math 8/8; showing that the price is likely to reverse at this level ,which the entry confirmation of this trade still depend on where the price is on the daily and 4hrs MML, I will only watch when the Gruppy short term moving averages cross over the long term moving average(blue) at this point I will go short as the chart is seen below, if the pattern still fail there are tendency I will still long which still depends another indicator such juice to indicate wether there is momentum.