Alexander_Nikitin
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A gartley advanced formation

FX:AUDUSD   澳元/美元
Gartley Advanced             formation


Gartely tools:

*Fibonacci retracements (61.8% and 78.6%)

*Fibonacci extension (127.2%)

Gartley Timeframes:

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

Gartley 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 an impulse leg/anchor 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.

Gartley Entry: Limit order is placed at D completion point.

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

Gartley Target 2: 61.8% retracements of AD leg.

Gartley 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.
评论: By the way in todays video I explain the similarities of Ralph Nelson Elliot wave theory, Harold Gartley approadch and Tradeempowered's advanced formations. And I explain how the harmonic approach contradicts to them. Enjoy it in the Signature section below this description.
This pattern was found by the MPS-5 pattern recognition software: http://www.ps-software.net

Get your free pattern trading course: http://ps-software.net/learn-the-patterns/

Alex Nikitin Youtube channel: https://www.youtube.com/user/alexniquitos/
could be some nice level to find longs .. GL
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I am watching you video and subscribed to your channel on youtube. Very good video
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@steveb4088, thank you. hope you will find lots of usefull stuff there
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