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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 25, 2011 21:47
http://www.ft.com/cms/s/0/5ad20540-ce3c-11e0-99ec-00144feabdc0.html#axzz1W4fna5hc

UK issue of eurobonds ???
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 25, 2011 21:44
The starting point is always a significant high or low in a trend and the ABC (or gartley) is always a 3 wave simple corrective pattern. The pattern has rules and I can assure you the recent sideways action would contravene all rules for the simple corrective.
DaveO
UK
Posted Anonymously
13 years ago
Aug 25, 2011 21:41
present gartley ? I dont think you fully understand the gartley.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 25, 2011 21:39
yes Cat but omit the starting point A and place the A at the next pivot. You then have ABC pattern as per the originator RN Elliott.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Aug 25, 2011 21:29
Gartley is ABCD with AB BC CD and AD . Of course it depends all on the point of start.
The bearish Gartley is invalidated if EURUSD tops about 14550 . Interestingly Gartley coincides with the EUr relative strength.
BUT if DR.Ben surprises....its all tealeaf reading.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 25, 2011 21:03
gartley pattern is the EW ABC. Many gurus stole Elliotts patterns !

I don't see an ABC in the current mess but the move up from 1.1875 low to 1.4281 high to 1.2858 low to 1.4940 high could be a completed ABC (or garley). This would imply a long term high with price going south to take out the 1.1875 low.

However this count is low confidence due to the protracted sideways action since the 1.4938 high instead of an impulsive move down.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Aug 25, 2011 20:48
nice patterned cat! ^^
subway90
Posts: 1078
13 years ago
Aug 25, 2011 20:31
once upside opens up and settles above that line... It will act as a strong support....
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Aug 25, 2011 19:08
anyone familiar with Gartley 222 patterns? I doubt they are useful with fx ( but good for stocks)
but if :
i figure out a bearish Gartley in EURUSD 1 year with first target 1.35 and then 1.30...
it is validated however only with 1.40 by midth september
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 25, 2011 19:06
alaidiPremiumFX Ashraf Laidi
$EURUSD and $USDJPY Premium trades hit targets.http://ashraflaidi.com/products/sub01/access/?a=481
1 hour ago Favorite Reply

I think he called short for above play so presumably now stood aside or thinkin long. Who knows, AL the long term player turned scalper !
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